IRONMAN CFO Patrick Gramling has been named as the Tampa Bay Business Journal’s Chief Financial Officer of the Year for a Large Private Company. Every year, the Tampa Bay Business Journal recognizes the top financial executives in the greater Tampa Bay area. This year there were 23 total finalists for the categories of Government, Non-profit, Public Company, Small Private Company, Medium Private Company and Large Private Company. Gramling, who was a finalist in the large private company category last year, was selected as this year’s winner in that group by an independent panel of judges.
“We are all proud of the effort and accomplishments of Patrick and his team,” said Andrew Messick, Chief Executive Officer for IRONMAN. “His award is a recognition of his competence and commitment – and of the extraordinary efforts and professionalism of the entire finance organization.”
Gramling who started with IRONMAN in 2012 has overseen the creation of the company’s first-ever operational cash forecasts, enabling accurate forecast results while also establishing the company’s first operational budgets, creating processes for tight budget management. This has since reportedly resulted in a 10% reduction in overhead spending.
Prior to his joining IRONMAN, Gramling spent 20 year at Ernst & Young in the audit practice, where he was elected partner.
IRONMAN has seen significant growth during Gramling’s time with expansion into new markets and locations. To date IRONMAN, has more than 145 IRONMAN and IRONMAN 70.3 races that span six continents and 44 countries. It recently entered new event offerings with acquisitions of running, cycling and mountain bike events. To assist in this development, Gramling created an acquisition process that has been applied to more than 20 acquisitions since his arrival, with all but one meeting or exceeding budgeted targets set during due diligence.
A Wanda Sports Holdings company, IRONMAN operates a global portfolio of events that includes the IRONMAN Triathlon Series, the IRONMAN 70.3 Triathlon Series, 5150 Triathlon Series, Iron Girl, IRONKIDS, six of nine International Triathlon Union World Triathlon Series races, road cycling events including the UCI Velothon Majors Series, mountain bike races, premier marathons and other multisport races.
IRONMAN’s events, together with all other Wanda Sports Holdings events, provide more than 680,000 participants annually the benefits of endurance sports through the company’s extensive offerings. The iconic IRONMAN Series of events is billed as the largest participation sports platform in the world. Since the inception of the IRONMAN brand in 1978, and beginning as a single race, IRONMAN has grown to more than 260 events across 44 countries.