A joint program offered by the NACD Minnesota Chapter and
the Twin Cities IIA Chapter
As today's business environment continues to rapidly evolve, organizations are facing disruptive forces more frequently and on a larger scale. Increasingly becoming regular events across industries, these disruptions—including emerging technology, new market entrants, M&A, joint ventures, activist investors, and geopolitical actions—are increasing the need for more advanced and agile risk management practices at all levels of the organization, particularly internal audit.
During this session, we explored internal audit’s role in addressing disruptive events and the value internal audit can provide to management and the board during times of disruption. This program provided stimulating conversation and valuable networking for board members, audit committees, CFOs, and internal auditors on this important and timely topic.
Claudemir Balestra is Cargill's Chief Audit Executive, accountable for the internal audit function of providing assurance and advisory services. His professional experience spans over 25 years in accounting, finance, auditing, and controls. Claudemir joined Cargill in Brazil in 1997. After various assignments in finance management roles in Brazil, he was transferred to Minneapolis where he worked as a Senior Auditor and Team Lead in Corporate Audit.
After repatriating to Brazil in 2008, Claudemir served as a Finance Director for various businesses. In 2013, he was appointed the Finance Transformation Leader for Latin America, accountable for building shared services capabilities in the region and to transition activities from businesses into the CBS Centers. With his career in Finance, Claudemir has acquired relevant experiences in most businesses and functions, including Ag Supply Chain, Food Ingredients and Bio-Industrial, Animal Nutrition, Protein, CBS, and Audit.
Claudemir holds a bachelor's degree in Accounting from UNIMEP in Brazil, as well an MBA in Finance from Fundacao Getilio Vargas in Brazil.
Blaine McGuire has been a Chief Executive Officer in both the financial services and distribution businesses and was accountable for providing internal control assurance to Executive Management and the Audit Committee and for rebuilding the internal audit function. His professional experience spans over 30 years in accounting, auditing, financial planning & analysis, and information technology controls. Blaine has also service on the Board and chaired the Audit Committee in the health care industry.
Blaine began his career with Arthur Andersen LLP and moved to industry and held a number of senior leadership positions in internal audit and financial planning & analysis. Blaine has led the transformation of internal audit functions to focus on the changing needs of the business units due to acquisition, mergers and system changes. During his career, Blaine has also focused on improving communication between the Audit Committee, Management, Internal Audit and External Audit around emerging issues and changes.
Blaine is a CPA and holds a bachelor’s degree in accounting and computer science.
Tricia received her undergraduate degree from the University of Wisconsin-Superior in Accounting, her MBA in Finance from Carlson School of Business at the University of Minnesota, and has her CPA (inactive).
Tricia joined Target in 1996, holding roles in Financial Reporting, Marketing Finance, Merchandising Operations, Financial Planning & Analysis and Internal Audit throughout her career. As Vice President and Chief Audit Executive, she is focused on continuing to mature the audit function optimizing roles and activities, enhancing the sustainable control environment, and adding greater value to the organization. She is actively engaged with teams across the lines of defense to mature the broader risk management capabilities for the enterprise.
Tricia enjoys spending time with her husband and two daughters at their cabin in northern Wisconsin.
Moderator for the event, Deborah Mack is a thought leader at PwC and was the co-author of PwC's 2017 and 2018 State of the Internal Audit Profession surveys. In 2017, she explored the notion of disruption and its affect on internal audit interviewing CAEs, CFOs, Audit Committee members and other stakeholders to identify the primary sources of disruption and responses that drove value for organizations. In 2018, she dove deeper into technology disruption in particular to identify techniques used by internal audit functions to keep pace with digital advances.
Deborah joined PwC in 2011 with a focus on internal audit and risk management. Prior to PwC, she worked at a boutique consulting firm and in a Fortune 100 company’s Internal Audit department. Deborah's experience includes both financial and IT risk and control assessments including SOX, operational and compliance reviews, internal control program implementations, and internal audit department transformations.
Deborah received her undergraduate degree from the University of Kansas and has her Certified Internal Auditor (CIA) and Certified Information Systems Auditor (CISA) certifications.
Deborah enjoys spending time with her husband and son in the New York City area and exploring the outdoors in upstate New York.