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Friday, May 17, 2024

2023 CFO Awards: NONPROFIT & PUBLIC SERVICE CFO OF THE YEAR HONOREE

 

KAREN STURGES
CFO
LA28

With an accomplished career in finance spanning almost three decades, Karen Sturges is leading LA28 to a fiscally responsible 2028 Olympic and Paralympic Games in Los Angeles. With just over 100 employees today, the organization will grow to 5000 in 2028 when the city welcomes the world to LA.

Sturges’ leadership touches every functional area in the organization in her oversight of financial planning and budgeting, accounting, and strategic planning in order to deliver a fiscally responsible, low-risk Games that leaves a positive impact on Los Angeles. She reports directly to LA28 CEO Kathy Carter and is a key player on the senior leadership team. As an advisor on all business decisions, she works to optimize and protect LA28’s financial assets and ensure proper investment on the road to the LA28 Games. She also incorporates LA28’s DEIB and ESG priorities into financial policies and processes.

Since joining LA28, Sturges has developed and implemented a vision for how the finance function operates at LA28 and is executing how the team delivers value to the organization. Critical to her vision is standing up an exceptional team of people. Most recently, she recruited and hired key leadership roles controller and senior vice president of finance. In addition to building out her team, Sturges has leveraged her extensive experience in the industry to add value, realize cost savings, and achieve operational efficiency. Her commercial mindset, combined with her expertise in project management and cashflow optimization has already started to make a significant impact at LA28.

 

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