About this episode
Jim Moylan is perhaps our first CFO guest to list the leasing of oil rigs as one of the experiences that best prepared him for a CFO role. Of course, he makes it clear that the experience is worthy of mention not so much because of what he was selling but because he was selling at all. “The best way to learn what a company does and understand its value proposition is to be a salesperson, and I have told this to people everywhere that I’ve been,” comments Moylan, whose stint as a salesman helped to kick off a 22-year career climb inside the ever-evolving world of energy company Sonat, Inc. Sonat would provide Moylan with an expansive and varied career narrative. Having become known inside the company for his FP&A savvy, Moylan had a tenure that spanned a variety of leadership roles and included overseeing corporate strategy during a period of time when the company executed four acquisitions and two divestitures. He would also serve as president of one of the company’s largest subsidiaries. Today, while Sonat resembles a sturdy bookend at one end of Moylan’s career, Ciena—the networking systems company where he has now logged 15 years as CFO—could likely serve as the other. At Ciena, supply chain challenges have remained top-of-mind in 2022. “The priority for the company and for me personally is to address our supply chain problem, fix it, and repair our image in the minds of our customers—because not only have we disrupted our business, but also we’ve disrupted their businesses,” remarks Moylan, who notes that Ciena’s product offerings depend on the regular replenishment of parts inventories comprising some 10,000 SKUs. As with many finance leadership resumes, long tenures as well as the transactional nature of the finance field are what punctuate Moylan’s career. Turn back the clock to 1999, and Sonat was being acquired by El Paso Energy, a move that led Moylan to step into a CFO role at SCI Systems, the first of a succession of four CFO appointments for him within a mere 8 years. Reports Moylan: “If it didn’t work for me, it didn’t work for me—and if I learned that quickly, l would leave.” –Jack Sweeney