Lori Sherwood, CFO at Parts Town Unlimited, Named Chicago CFO of the Year®
Lori Sherwood, Chief Money Maestro (aka CFO) at Parts Town Unlimited, a global leader in high-tech distribution of OEM foodservice equipment parts, residential appliance parts, HVAC parts, and related products, has been awarded the Chicago CFO of the Year® Award for the Large Private Company group by Financial Executives International (FEI).
FEI is the premier association for financial leaders in the U.S. and Canada. The Chicago CFO of the Year® Awards is a celebration recognizing and honoring Chicago Financial Leaders who have made exceptional contributions to their organizations.
"Lori is deeply deserving of this award. Since joining Parts Town 10 years ago, she has contributed to our extraordinary growth in too many ways to count. She is more than just a CFO, she is a leader of deep, unwavering commitment to our cause who exemplifies our values every day through her words and actions," said Steve Snower, Sixth Man (aka CEO), Parts Town Unlimited. "I'm not sure what the exact criteria used for this award is, but they definitely got it right."
Since joining the company in 2014, Sherwood has supported Parts Town Unlimited's remarkable growth. Under her leadership, annual revenue has surged from under $100 million to $2.4 billion during her tenure. This growth is attributed to Parts Town's unique values-driven culture, focus on customer experience, and innovative technology and is highlighted by consistently high organic growth. Additionally, the company has completed 30 acquisitions since Sherwood joined the company.
Ranging from local enterprises to international market leaders, each of these acquisitions has introduced new challenges to Sherwood's role, such as navigating new business models and industry sectors and harmonizing financial reporting. By partnering with the leadership and accounting teams, she has instilled rigor in reporting, providing global team members with the data needed to focus on growth, while maintaining consistency across the company's global footprint.
Sherwood's dedication to understanding, simplifying, and automating processes has not only propelled Parts Town Unlimited to new heights but has also set a standard for financial leaders across industries.
For more information about the award, please visit: https://chicagocfo.org/
For more information on Parts Town Unlimited, please visit: https://www.partstown.com/
About Parts Town Unlimited
Parts Town Unlimited is the global leader in high-tech distribution of mission-critical equipment replacement parts and related products and services for the foodservice, residential appliance and HVAC industries. Guided by its core values of Safety, Integrity, Community, Passion, Courage, and Innovation, Parts Town Unlimited delivers infinite possibilities, unlimited potential, and boundless innovation with a focus on people, innovation, and long-term partnerships. Parts Town Unlimited is an organization without limits, led by dreamers who continuously grow and bring value to our partners and amazing opportunities to our team members around the globe.
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