Lean Manufacturing 101 5/21/98 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

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

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

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

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

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

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

Thank you!