In this far-ranging interview, Finario’s SVP Bob Fitzgerald sat down with Scalera to discuss the primary responsibilities of the CFO and why capital allocation is at the top of the list.
Mr. Scalera is currently CEO of Delticus Group. He is the former Executive Vice President and Chief Financial Officer of ITT Inc., a $3 billion global manufacturer of engineered solutions for the Industrial, Energy, and Transportation markets. At ITT, Mr. Scalera was instrumental in establishing the new, post-spin, ITT as a global, multi-industrial company that consistently delivered strong financial results, while maintaining robust liquidity and an investment grade balance sheet.
In 2019 and 2020, Mr. Scalera was named to the Institutional Investor All-America Executive Team as Best CFO. And he was also instrumental in the release of ITT’s first-ever sustainability report that detailed the company’s Environmental, Social and Governance practices.
Prior to joining ITT, Mr. Scalera was the Director of Financial Planning & Analysis at RR Donnelley, a global provider of integrated communications, and held financial leadership and SEC reporting positions at Dover Corporation.