1. Lean Manufacturing /21/98
Reaching the Top of the Corporate Ladder: A Woman’s Perspective on the Climb Frances Spreer Albert EVP, COO and CFO Albany Med
©1998 NIST/MEP Version 1

2. My Vitals Native of Albany area (Voorheesville)
Daughter of healthcare executive
Graduate of University at Albany
Began career as CPA with international firm KPMG
Joined Albany Med in 2000 2

3. Albany Med Academic medical center Our mission:
We are committed to improving health by attaining the highest standard of quality in care delivery, education, and research initiatives.
734 bed hospital
Albany Medical College
9,500 employees
System lead entity
Columbia Memorial Hospital
Saratoga Hospital
$2B network
13,500 employees 3

4. From CPA to COO: How Did I Get There?
KPMG
CPA; joined firm in 1988
Advanced to Senior Audit Manager
Albany Med as client
Albany Med
Named VP of Finance (2000)
Promoted to SVP of Finance (2015)
Appointed EVP and CFO (2016)
Named EVP and COO / CFO (2019) 4

5. What Have I Accomplished?
Capital financing for significant projects, including $360M patient tower
Financial reporting, treasury system-wide
Group purchasing and savings initiatives across system
Research grant accounting and reporting
Enhanced endowments and investments 5

6. Who inspired my career? Parents and sisters High school teachers
College professors
Work mentors
Staff and colleagues
Daughter 6

7. What does it take to climb the corporate ladder?
Define your career goals
Determine where you want to go
Work hard
Even if it means taking on assignments no one else wants
Build relationships
Never miss an opportunity to connect
Challenge yourself
Volunteer before being asked, seek creative solutions and possibilities
Keep learning
Always ask questions 7

8. Thank you!