Phil Cutting, chief financial officer for Brake Parts Inc. in McHenry, has been named CFO of the Year for large private equity companies by the Financial Executives International Chicago Chapter.
Cutting is responsible for all financial activities of the business, together with the pricing groups. He has over 30 years of financial experience with 25 years in a global industrial manufacturing environment. He has spent the past seven years in the automotive aftermarket, initially serving as vice president finance for the Brake and Chassis group of Affinia. Cutting was instrumental during the spinoff from Affinia before the sale of Brake Parts Inc to Torque Capital in March 2013.
Cutting, a Libertyville resident, earned his degree in economics from the London School of Economics before joining KPMG in their Preston office in the United Kingdom. His first job was with Cooper Industries in Liverpool, which lead to him moving to their corporate office in Houston, Texas in 1994. After 10 years with Cooper Industries, he moved to Indianapolis, Indiana to join Thomson Consumer Electronics as the North America controller for their residential phone business. He next moved to the Chicagoland area and served as vice president of finance for Videojet, which is part of the Danaher Corporation. Before joining BPI, Cutting spent four years with ITT as head of finance for their residential and commercial water business.
"We congratulate Phil on being named CFO of the Year for large private equity companies and we extend our gratitude to the Financial Executives International Chicago Chapter for recognizing Phil's many esteemed accomplishments," said, David Overbeeke, president and CEO of BPI. "He is an integral part of BPI's leadership team and a major contributor to our success. This award is truly an honor for Phil as he was chosen from a group of very qualified nominees."