Everett Parker Takes Charge as CFO of NMSDC
The National Minority Supplier Development Council (NMSDC) recently made headlines by announcing the appointment of Everett Parker as its new Chief Financial Officer, marking a significant step towards modernizing the organization. This strategic move is part of NMSDC's broader initiative aimed at enabling growth for Minority Business Enterprises (MBEs) and achieving the ambitious goal of reaching $1 trillion in annual revenue for certified MBEs by the year 2030.
Parker's Vision for NMSDC
In his own words, Parker expressed excitement about joining NMSDC, acknowledging the impactful work the organization does for the minority business community and corporations committed to enhancing supplier diversity. He sees his role as pivotal in steering the organization through its transformative phase.
Extensive Experience
Parker's journey to NMSDC is rooted in over three decades of financial leadership experience. His career includes significant tenures at well-known Fortune 500 companies. Notably, he worked at the CSX Corporation, where he had a dual role in finance and operations, and at Convergys Corporation, where he oversaw the financial operations of a vast $1.1 billion global Human Resources ERP contract that spanned across 54 countries. Before joining NMSDC, Parker had served as the CFO of the American Culinary Federation for eight years, proving his mettle in the financial domain.
Academic Background
Parker holds a Bachelor of Science degree in Accounting from the University of Maryland and is a former certified public accountant. His commitment extends beyond finance; he has served as a board member and treasurer for the Domestic Violence Shelter in St. Augustine, Florida, showcasing his dedication to community involvement.
Goals and Strategic Implementation
The NMSDC leadership is enthusiastic about Parker's recruitment, with CEO and President Ying McGuire highlighting the importance of his expertise in navigating modern challenges. Parker's immediate objectives include advancing technology within the organization while ensuring the integration of the right people, processes, and financial disciplines. These priorities are expected to enhance NMSDC's financial visibility, accountability, and decision-making processes, ultimately leading to more efficient scaling of operations.
About NMSDC
Founded in 1972, NMSDC stands as the longest-operating business growth engine for various systematic communities of color, including Asian-Indian, Asian-Pacific, Black, Hispanic, and Native American populations. The mission of NMSDC transcends mere supply chain management; it embodies the ongoing struggle for upward mobility for the emerging majority of Americans. The organization is committed to providing equal opportunities for participation in the American dream of free-market capitalism and entrepreneurship, working to rectify the unequal access to wealth-building opportunities.
Frequently Asked Questions
What inspired NMSDC to hire Everett Parker?
NMSDC aimed to modernize and strengthen its financial leadership to support MBE growth and reach $1 trillion in annual revenue.
What are Everett Parker's key priorities?
Parker intends to enhance technology integration, improve financial visibility, and establish stronger financial disciplines within NMSDC.
What experience does Parker bring to NMSDC?
He has over 30 years of financial leadership experience, including roles at Fortune 500 companies and as CFO of the American Culinary Federation.
How does NMSDC contribute to minority communities?
NMSDC focuses on fostering upward mobility and access to wealth-building opportunities for systematically excluded communities.
When was NMSDC established?
NMSDC was founded in 1972 and has been advocating for minority business growth ever since.
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