Sue Redman

Executive Professor

Biography

Professional Profile

Sue Redman has held positions of Corporate Board Member/Audit Committee Chair, Chief Financial Officer, Audit Partner at Big 4 public accounting firm, Consultant and Corporate Controller. She is currently an Executive Professor and is serving as Interim CFO for one her clients. Sue is a CPA and Audit Committee Financial Expert. She has finance, operational and executive experience in the education, health care, consulting, not-for-profit sectors. Sue is known for her ability to cultivate highly motivated teams within those environments.

In 2012 Sue was appointed Executive Professor in the Accounting Department of Mays Business School at Texas A&M University.  She teaches Financial Statement Analysis and Valuation courses to junior and senior accounting and finance students with an emphasis on developing their critical thinking skills. Sue is also the President of Redman Advisors LLC, a private consulting firm that provides interim CFO services and consulting services in the areas of enterprise risk management, corporate finance, accounting and strategy.

From 2006 – 2013, Sue was a Director of Apollo Education Group, Inc. (APOL: NASDAQ).  She was the chair of the Audit Committee, member of the Finance, Special Litigations and the Compensation Committees. As Audit Committee chair, Sue was instrumental in enhancing corporate governance by revising the Audit Committee charter and implementing an enterprise risk management function. Sue oversaw the transitioning of the Internal Audit function from an outsource organization to an in-house function.

Before her tenure as Executive Professor, Sue was the Senior Vice President and Chief Financial Officer of Texas A&M University.  She was hired by then-President, Robert M. Gates (who later became the United States Secretary of Defense) to provide comprehensive oversight of the human resources and financial operations of the university and its branch campuses in Galveston, Texas and Doha, Qatar. At that time, Texas A&M University was the nation’s 7th largest university with enrollment of 50,000 students, 8,000 employees and an operating budget of approximately $2 billion. The Finance division, which Sue led, had 2,000 staff with an annual operating budget of $82 million. In addition, Sue served as COO, providing vision and operational leadership for non-academic operations (restaurant and food services, parking, transportation and logistics).

Prior to her position as CFO of Texas A&M, Sue was a Vice President and Corporate Controller of AdvancePCS (now CVS Health). Sue provided vision and leadership for an accounting and finance organization comprised of Accounting and Reporting; Financial Planning and Analysis; Strategic Sourcing and Procurement; Financial Operations (A/P, billing and collections); and External and SEC Reporting. Sue led the financial integration of PCS Health Systems after the acquisition by Advance Paradigm in 2000, which included the selection and integration of information technology systems and accounting and reporting processes and systems.  Sue also served as a key member of internal integration committees, including Business Strategy and Formulary Management. Sue built and led a finance function that provided financial analysis and supported the Pharmacy (retail, mail order and specialty) and Formulary Management business units in their strategic decisions. Sue oversaw the implementation of the Sarbanes-Oxley Act of 2002.  Under her leadership, improvements in internal processes and controls were implemented, analysis and financial support was increased and disclosures and transparency in SEC filings were improved.

From 1980 – 1999, Sue worked in several Audit practice offices of PricewaterhouseCoopers LLP (pwc), including Houston, Texas, San Francisco, California and Phoenix, Arizona. She served as Lead Engagement Partner at pwc for a number of key multinational and national clients, including private equity, energy, retail, real estate and engineering and construction. She performed annual audits and quarterly reviews, and advised and assisted in numerous SEC filings and public offerings.  She also provided M&A services, including assistance with due diligence, feasibility studies and analysis.

In addition her board service on Apollo Education Group, she has also served on other boards.

In 2008, Sue founded Women Former Students’ Network (WFSN) www.aggiewomen.org, a 501(c)(3) not-for-profit alumni organization whose mission is to promote the active engagement of women in the educational, charitable and cultural life of Texas A&M University. Sue is an ambassador for the organization and often makes presentations to student groups, to former student organizations and to community and university organizations regarding the WFSN and its mission. Sue was awarded Proclamation in 2010 by the President of Texas A&M University recognizing her accomplishments in founding the Women Former Students’ Network.

From 2000 – 2003, Sue served on the Board of Governors of PING-Banner Health LPGA Tournament in Phoenix, Arizona. In 2001, she was a member of the Board that successfully increased the total purse to $1,000,000.  It was the tournament that Annika Sörenstam shot a round of 59 in 2001, which stands as the record for the lowest scoring round ever shot for 18 holes in an LPGA Tour event.

From 1992 – 1999, Sue served on the Board of Directors of the Phoenix, Arizona chapter of the National Association of Women Business Owners. She served as Philanthropy Chair and created a silent auction event that raised significant operating funds and that became the model for an annual fundraising event for the organization. In 1999, she was recognized as one of Arizona’s Top 100 Women in Business by Today’s Arizona Woman.

Sue is the author of several audit committee and governance articles, including “What Qualities Make a Sound Financial Expert” (published in Compliance Week) and “A First Step in Audit Committee Effectiveness” (published in Directors and Boards.) She is also contributing author to a book published in 2014: “Women on Board.”

Sue earned a Bachelor of Business Administration in accounting from Texas A&M University and is a Certified Public Accountant in Texas, Arizona and California.  She is a member of the American Institute of Certified Public Accountants, Texas Society of CPAs and Women in the Boardroom. She is an alumni member of the Southwest Audit Committee Network, a corporate governance network convened by Tapestry Networks.

Sue and her husband reside in College Station, Texas.