Laurie Krebs's guest appearances

Laurie Krebs

CFO THOUGHT LEADER

Travis Makes Friends

The Invisible Vault

Hamza Benamar

Katherine Edenbach

Jennifer Ceran

Sinohe Terrero

Ross Tennenbaum

Danielle Murcray

Justin Bieber

Alex Banayan

Sam Newell

Rod Khleif

Bill Clinton

Dorie Clark

Chris Stapleton

Chris Ducker

Chris Guillebeau

OwlTail

This episode features an interview with Laurie Krebs, CFO at Red Hat, the world’s leading provider of open source solutions, which was acquired by IBM in 2018 for $34B.Laurie has spent 35 years in finance, serving in leadership roles for companies like KPMG, Nortel and Cree. While her specialty has been tax, Laurie’s focus is also how to empower people. And it’s her work on team building, D&amp;I and retention that has helped support high-performance individuals drive the impressive growth of billion-dollar companies.On this episode, Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud.Quotes*“In the last few years, the role of the CFO itself has shifted. We're now seen as an even more strategic role than we were a decade ago. We're evolving as a crucial part of helping organizations validate and execute our strategy, but at the same time, we're often seen as one of the first lines of defense in risk management.”*“Data really helps propel companies forward and we can't live in a world without it today. It's how we track things. It’s how we see what's going off the rails. The more we can dive into the data, the more we understand the problem we’re trying to solve.”*“It's also helpful to provide employees with highlighting the victory lap when things are working. It's always important to recognize success. As long as you don't get too complacent with it, that's where you get in trouble.”*“I think one of the other interesting things on technology that we have learned over and over again is to make sure you put the processes in first that drive the result you want from the tool. So in other words, if you just put a tool in place without making sure you have the right processes, the right controls in place, um, then you might as well not put in the tools. So you always have to take the time and make sure that your own internal processes, education system, change management is all aligned to this wonderful tool that you're going to roll out. Otherwise it's not going to be successful.”Time Stamps*[0:28] Introducing Laurie Krebs, CFO at Red Hat*[6:47] Red Hat’s journey to the hybrid cloud*[8:43] Diversity initiatives*[9:50] Starting the Women in Finance group*[13:25] Cash Crossroads*[20:53] Lessons learned from the pandemic*[24:33] Considering a tech stack*[26:03] The Playbook*[33:12] Report from the FutureSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit www.kyriba.comLinksConnect with Laurie on LinkedInFollow Laurie on TwitterConnect with Daniel on LinkedInFollow Daniel on Twitter

This episode features an interview with Laurie Krebs, CFO at Red Hat, the world’s leading provider of open source solutions, which was acquired by IBM in 2018 for $34B.Laurie has spent 35 years in finance, serving in leadership roles for companies like KPMG, Nortel and Cree. While her specialty has been tax, Laurie’s focus is also how to empower people. And it’s her work on team building, D&amp;I and retention that has helped support high-performance individuals drive the impressive growth of billion-dollar companies.On this episode, Laurie discusses supporting other women in finance, developing a business continuity plan, and working to lead the world in the way of the hybrid cloud.Quotes*“In the last few years, the role of the CFO itself has shifted. We're now seen as an even more strategic role than we were a decade ago. We're evolving as a crucial part of helping organizations validate and execute our strategy, but at the same time, we're often seen as one of the first lines of defense in risk management.”*“Data really helps propel companies forward and we can't live in a world without it today. It's how we track things. It’s how we see what's going off the rails. The more we can dive into the data, the more we understand the problem we’re trying to solve.”*“It's also helpful to provide employees with highlighting the victory lap when things are working. It's always important to recognize success. As long as you don't get too complacent with it, that's where you get in trouble.”*“I think one of the other interesting things on technology that we have learned over and over again is to make sure you put the processes in first that drive the result you want from the tool. So in other words, if you just put a tool in place without making sure you have the right processes, the right controls in place, um, then you might as well not put in the tools. So you always have to take the time and make sure that your own internal processes, education system, change management is all aligned to this wonderful tool that you're going to roll out. Otherwise it's not going to be successful.”Time Stamps*[0:28] Introducing Laurie Krebs, CFO at Red Hat*[6:47] Red Hat’s journey to the hybrid cloud*[8:43] Diversity initiatives*[9:50] Starting the Women in Finance group*[13:25] Cash Crossroads*[20:53] Lessons learned from the pandemic*[24:33] Considering a tech stack*[26:03] The Playbook*[33:12] Report from the FutureSponsorThe Invisible Vault is powered by the team at Kyriba, the global leader in cloud treasury and finance solutions, empowering CFOs and their teams to transform how they activate liquidity as a dynamic, real-time vehicle for growth and value creation. To learn more visit <a href="http://www.kyriba.com" rel="nofollow" target="_blank">www.kyriba.com</a>Links<a href="https://www.linkedin.com/in/laurie-krebs-8194a47/" rel="nofollow" target="_blank">Connect with Laurie on LinkedIn</a><a href="https://twitter.com/laurie_krebs" rel="nofollow" target="_blank">Follow Laurie on Twitter</a><a href="https://www.linkedin.com/in/shafferdanielj/" rel="nofollow" target="_blank">Connect with Daniel on LinkedIn</a><a href="https://twitter.com/WIREncinitas" rel="nofollow" target="_blank">Follow Daniel on Twitter</a>

How CFOs Drive Strategy and Manage Uncertainty with Laurie Krebs, CFO at Red Hat

We all know Covid-19 truly changed the landscape of our businesses and economy. So what are the best ways to keep up with the changing climate of our work culture?Laurie Krebs is the Senior Vice President and Chief Financial Officer at Red Hat. She has a proven track record of developing highly effective finance and tax organizations. She has special passion for developing and empowering associates, and as the leader of Red Hat’s Covid Response Team she was able to demonstrate incredible results and implement innovative strategies that helped the company thrive.Let’s jump right in and learn more about supporting your virtual teams during Codid-19Things you will learn in this episode: [00:01 - 04:24] Opening Segment I introduce today’s guest, Laurie KrebsBioLaurie gives us a bit of her backgroundShy as a kidA love for people A career pivot after college into finance[04:25 - 18:05] Supporting Your Virtual Teams During Covid-19Laurie’s journey into Red HatThe networking opportunity that led to the jobThe growth process within the company Building trust among partnersLaurie’s advice to leaders navigating big changes Remained focused on your businessDiffusing the mission and culture of the company to a large teamCollaboration Staying connected he steps it took to navigate remote work 25%+ remote worker base before the pandemic The challenges you may face‘Recharge Weeks/Day’ and how it impacted Red HatStipend strategy [18:06 - 19:23] Back to Normal Vs. Look to the FutureWhat ‘going back to normal’ may look likeBusiness culture will shift Trade-offsAn incentive for people to gather [19:24 - 35:46] Closing SegmentWho you know, or what you knowWho you know, and your personal brands others knowHow masterminds and mentorships came into play for LaurieValue in leaders who you want to emulate Define the connection point ThE RaNdOm RoUnDHow to engage with LaurieLinks below Final words Tweetable Quotes: “With growth comes a lot of opportunities that you never had before and it’s easy to want to jump towards those things; and you lose sight of that base that you need, the strength you need to keep building over time.” - Laurie Krebs“It’s all about being collaborative and staying connected.” - Laurie Krebs“You won’t make everyone happy, but we really tried to say, ‘Okay, how are we best suited to give our employees what they need during this time?” - Laurie KrebsConnect and engage with Laurie on LinkedIn. Be sure to check out https://www.redhat.com/en and learn how to give the best virtual experience.Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people. Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!If you want to learn how to build YOUR network, check out my website travischappell.com. You can connect with me on Facebook, Instagram, and Twitter. Be sure to join The Lounge to become part of the community that’s setting up REAL relationships that add value and create investments.Advertising Inquiries: https://redcircle.com/brandsPrivacy &amp; Opt-Out: https://redcircle.com/privacy

We all know Covid-19 truly changed the landscape of our businesses and economy. So what are the best ways to keep up with the changing climate of our work culture? Laurie Krebs is the Senior Vice President and Chief Financial Officer at Red Hat. She has a proven track record of developing highly effective finance and tax organizations. She has special passion for developing and empowering associates, and as the leader of Red Hat’s Covid Response Team she was able to demonstrate incredible results and implement innovative strategies that helped the company thrive. Let’s jump right in and learn more about supporting your virtual teams during Codid-19 Things you will learn in this episode: [00:01 - 04:24] Opening Segment <ul><li>I introduce today’s guest, Laurie Krebs</li><li>Bio</li><li>Laurie gives us a bit of her background</li><li>Shy as a kid</li><li>A love for people </li><li>A career pivot after college into finance</li></ul> [04:25 - 18:05] Supporting Your Virtual Teams During Covid-19<ul><li>Laurie’s journey into Red Hat</li><li>The networking opportunity that led to the job</li><li>The growth process within the company </li><li>Building trust among partners</li><li>Laurie’s advice to leaders navigating big changes </li><li>Remained focused on your business</li><li>Diffusing the mission and culture of the company to a large team</li><li>Collaboration </li><li>Staying connected </li><li>he steps it took to navigate remote work </li><li>25%+ remote worker base before the pandemic </li><li>The challenges you may face</li><li>‘Recharge Weeks/Day’ and how it impacted Red Hat</li><li>Stipend strategy </li></ul> [18:06 - 19:23] Back to Normal Vs. Look to the Future<ul><li>What ‘going back to normal’ may look like</li><li>Business culture will shift </li><li>Trade-offs</li><li>An incentive for people to gather </li></ul> [19:24 - 35:46] Closing Segment<ul><li>Who you know, or what you know</li><li>Who you know, and your personal brands others know</li><li>How masterminds and mentorships came into play for Laurie</li><li>Value in leaders who you want to emulate </li><li>Define the connection point </li><li>ThE RaNdOm RoUnD</li><li>How to engage with Laurie</li><li>Links below </li><li>Final words </li></ul> Tweetable Quotes:  “With growth comes a lot of opportunities that you never had before and it’s easy to want to jump towards those things; and you lose sight of that base that you need, the strength you need to keep building over time.” - Laurie Krebs “It’s all about being collaborative and staying connected.” - Laurie Krebs “You won’t make everyone happy, but we really tried to say, ‘Okay, how are we best suited to give our employees what they need during this time?” - Laurie Krebs Connect and engage with Laurie on <a href="https://www.linkedin.com/in/laurie-krebs-8194a47/" rel="nofollow" target="_blank">LinkedIn</a>. Be sure to check out <a href="https://www.redhat.com/en" rel="nofollow" target="_blank">https://www.redhat.com/en</a> and learn how to give the best virtual experience. Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people.  Jump on over to <a href="https://travischappell.typeform.com/to/kmf5p4" rel="nofollow" target="_blank">travischappell.com/makemypodcast</a> and let my team make you your very own show! If you want to learn how to build YOUR network, check out my website <a href="https://travischappell.com/" rel="nofollow" target="_blank">travischappell.com</a>. You can connect with me on <a href="https://www.facebook.com/travis.chappell15" rel="nofollow" target="_blank">Facebook</a>, <a href="https://www.instagram.com/travischappell/" rel="nofollow" target="_blank">Instagram</a>, and <a href="https://twitter.com/traviscchappell?lang=en" rel="nofollow" target="_blank">Twitter</a>. Be sure to join <a href="https://www.facebook.com/groups/byncommunity" rel="nofollow" target="_blank">The Lounge</a> to become part of the community that’s setting up REAL relationships that add value and create investments.Advertising Inquiries: <a href="https://redcircle.com/brands" rel="nofollow" target="_blank">https://redcircle.com/brands</a> Privacy &amp; Opt-Out: <a href="https://redcircle.com/privacy" rel="nofollow" target="_blank">https://redcircle.com/privacy</a>

632: Laurie Krebs | Supporting Your Virtual Teams During Covid-19

It was October 2019. Red Hat, Inc., was preparing to submit its latest quarterly results to its new parent, IBM Corp., and Laurie Krebs had just been named Red Hat software’s new CFO. As a senior vice president of finance for Red Hat, Krebs had worked closely with the former CFO and more or less assumed that the acquiring company would likely prefer to fill C-suite spots from its “home team” talent bench of senior executives. In fact, Krebs says that during the course of her career she had never truly aspired to be a CFO: “I often wondered who would want all of that responsibility, especially after Sarbanes-Oxley came in. And then, at the time, I realized that IBM had just acquired us for $34 billion and that it was going to be up to us to deliver the results that were needed.”   Krebs says that the finance team at Red Hat, like many executive teams within newly acquired companies, had experienced some attrition and was perhaps not as highly functioning as it had been prior to its acquisition.   As the first quarterly close for the newly acquired Red Hat approached, Krebs sought to reassure her CEO that she would continue to lead the team. “I’ll help you out until you get a legit CFO,” Krebs recalls saying—to which her CEO replied: “No, no, no—we want you to be it.” The CEO then reassured Krebs that it had been a unanimous opinion across Red Hat’s and IBM’s leadership teams that she should become Red Hat’s next CFO. Still, the pressure was on, and Krebs had to not only deliver the company’s first post-acquisition quarterly results but also activate the collaborative processes required to satisfy a giant parent company.   “I did what I always do. I surrounded myself with the right talent and strong skillsets and created a team out of it,” comments Krebs, who says that her team today includes a seasoned “IBM finance partner” now tasked as sort of a go-between and translator for Red Hat and its parent. Echoing the executive’s words, Krebs relays his guidance: “Here are the deliverables that IBM’s looking for. Here’s why they look for them. When they ask for this, this is typically what CFO’s look for.” Krebs adds: “He has been what I call a ‘gift’ on our team." - Jack Sweeney  SUBSCRIBE

It was October 2019. Red Hat, Inc., was preparing to submit its latest quarterly results to its new parent, IBM Corp., and Laurie Krebs had just been named Red Hat software’s new CFO. As a senior vice president of finance for Red Hat, Krebs had worked closely with the former CFO and more or less assumed that the acquiring company would likely prefer to fill C-suite spots from its “home team” talent bench of senior executives. In fact, Krebs says that during the course of her career she had never truly aspired to be a CFO: “I often wondered who would want all of that responsibility, especially after Sarbanes-Oxley came in. And then, at the time, I realized that IBM had just acquired us for $34 billion and that it was going to be up to us to deliver the results that were needed.”   Krebs says that the finance team at Red Hat, like many executive teams within newly acquired companies, had experienced some attrition and was perhaps not as highly functioning as it had been prior to its acquisition.   As the first quarterly close for the newly acquired Red Hat approached, Krebs sought to reassure her CEO that she would continue to lead the team. “I’ll help you out until you get a legit CFO,” Krebs recalls saying—to which her CEO replied: “No, no, no—we want you to be it.” The CEO then reassured Krebs that it had been a unanimous opinion across Red Hat’s and IBM’s leadership teams that she should become Red Hat’s next CFO. Still, the pressure was on, and Krebs had to not only deliver the company’s first post-acquisition quarterly results but also activate the collaborative processes required to satisfy a giant parent company.   “I did what I always do. I surrounded myself with the right talent and strong skillsets and created a team out of it,” comments Krebs, who says that her team today includes a seasoned “IBM finance partner” now tasked as sort of a go-between and translator for Red Hat and its parent. Echoing the executive’s words, Krebs relays his guidance: “Here are the deliverables that IBM’s looking for. Here’s why they look for them. When they ask for this, this is typically what CFO’s look for.” Krebs adds: “He has been what I call a ‘gift’ on our team." - Jack Sweeney  <a href="https://app.monstercampaigns.com/c/kqhh57qyfo94v0vnovj5/" rel="nofollow" target="_blank">SUBSCRIBE</a>

620: When People Matter Most |  Laurie Krebs, CFO, Red Hat