This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
The Michaels Organization's Chief Financial Officer Recognized for Excellence and Leadership in Financial Operations
Marlton, NJ (PRWEB) July 10, 2014
The Philadelphia Business Journal today honored Joseph Purcell, The Michaels Organizations Chief Financial Officer, as its 2014 CFO of the Year (large company). The award, sponsored by the Business Journal and Drexel University, recognizes the regions top financial officers, whose successful leadership has been a critical underpinning of their companys growth.
Purcell, who serves as the CFO of all eight independent operating companies that comprise The Michaels Organization, was lauded for both his financial stewardship--and his unique ability to evaluate and manage riskthat have allowed The Michaels Organization to take advantages of new opportunities while remaining true to its core business principles.
Headquartered in Marlton, NJ, The Michaels Organization is a a family of companies dedicated to excellence in affordable, mixed-income, military and student housing. Since its founding in 1973 by housing visionary Michael J. Levitt, the companies of The Michaels Organization have developed more than 50,000 housing units in 34 states, the District of Columbia, and the U.S. Virginia Islands. Its current real estate portfolio is valued at more than $3.5 billion and its annual revenue neared $1 billion in 2013.
Joe is entrepreneurial and seeks out and drives profit opportunities that align with our mission, said John J. ODonnell, President of The Michaels Organization, adding that Purcell stands out among his peers for his skill, knowledge, and expertise but primarily for his integrity.
"No one in our industry has more integrity or is more trusted than Joe Purcell," ODonnell said.
This is the third time Purcell has been named a CFO of the Year by leading regional publications. In 2010, Mr. Purcell was named one of the Top Ten CFOs in the Mid-Atlantic Region by Smart CXO Magazine and in 2011 was named the CFO of the Year by NJBiz, New Jerseys leading business publication.
About the Michaels Organization
The Michaels Organization is a family of eight integrated but independent companies dedicated to excellence in affordable, mixed-income, military, and student housing. Serving more than 100,000 residents in 360 communities across 34 states, D.C., and the U.S. Virgin Islands and with a development portfolio valued in excess of $ 3.5 billion, The Michaels Organization is a national leader in the residential real estate industry, with full service capabilities in development, property and asset management, construction, mortgage finance, and tax credit syndication.
For the original version on PRWeb visit: http://www.prweb.com/releases/2014/07/prweb12010850.htm
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact firstname.lastname@example.org.