CFO of the Year Finalists (Large Private Company): Michael Henderson

by Arkansas Business Staff  on Monday, Nov. 7, 2011 12:00 am  

Michael HendersonVice President & Chief Financial OfficerElectric Cooperatives of Arkansas, Little Rock

“If you look at what our demand rate was in 1984, it was $12.14,” he said. “Today it’s $8.76. Being able to hold rates down for our members has been one of our primary goals and achievements.”

He said he also had helped the statewide construction company keep equipment costs low and turned the manufacturing company from a money pit to a profitable arm of the cooperative.

“The profits from that business go back to our members and help them keep administrative costs low,” he said.

Henderson thinks it’s important for leaders to instill into their employees the company’s mission and ensure they find satisfaction and rewards in their work.

Henderson sits on the board of directors of Central Arkansas Christian Schools of North Little Rock and is active with the Levy Church of Christ in North Little Rock.

 

 

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