February Webinar – Update on the Financial Health of the American Red Cross with Carmel Darcy, Chief Financial Officer, and Brian Rhoa, Chief Investment Officer

Thursday, February 23, 2023 at 1:00 PM-2:30 PM

Many of you have worked with both Brian and Carmel. Both have been leaders and managers of the Red Cross financial team for more than 20 years, working to bring financial security, transparency and support for the mission of the organization. They have led the Finance team through many transformational years including the consolidation, centralization, and further automation of the Red Cross financial system.  Join Brian and Carmel to learn more about the financial health of the organization and the pension plan results from the latest reporting. 

Carmel Darcy was recently promoted to the chief financial officer role.  She has been with Red Cross for over 23 years and has demonstrated exceptional leadership in providing financial expertise and support for the organization, financial controls for day-to-day operations, as well as large disaster operations. Focusing on margin and mission, she has provided financial discipline to the FY22 and FY25 strategic plan and is an integral part of developing the FY27 strategic plan.  She has built a Finance team that includes 200 finance volunteers and is the executive sponsor of the Latino Resource Group.

Brian Rhoa formally assumed the role of chief investment officer for the Red Cross, a role he took on along with his chief financial officer responsibility a few years ago.  He will manage all investing strategies and risks for our operating reserves, the endowment and pension plan.  Brian has been with Red Cross for more than 28 years and was appointed CFO in March 2008. Brian consolidated the Treasury and Finance function for greater transparency, lower costs, stronger financial controls, and greater mission delivery.  Over the last few years, he has worked to create and execute a plan to fully fund the pension while reducing risks and expenses.

Click here to view a recording of the webinar

https://drive.google.com/file/d/1w70kH_uxjE3eTcs00SuQ0OAF8S6bPx6g/view?usp=sharing

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Click here to listen to an audio recording of the webinar.

https://drive.google.com/file/d/1kkZP-psHeRVJrl1pWM33orQ9bjq3g-Yl/view?usp=sharing--