SBJ/January 24 - 30, 2005/Careerspeople

Galvin's time in the 40 proves fast enough for the ticket industry

Name:
Michael Galvin
Age: 39
New title: CFO, Stubhub.com
Previous job: Vice president of finance, BEA Systems
First job: Busboy
Education: Bachelor of arts in economics (1987), University of Notre Dame; master’s in business administration (1992), The Anderson School, UCLA
Resides: San Francisco Bay area
Grew up: Orange County, Calif.
Favorite vacation spot: Sierra Nevada
Last book read: “The Da Vinci Code” by Dan Brown
Last movie seen: “The SpongeBob SquarePants Movie”
Favorite type of music: All types

Michael Galvin recently took a ticket to become the first-ever chief financial officer at secondary ticketing company Stubhub.com.

Galvin’s responsibilities include the finance, treasury, accounting, human resources, facilities, legal and risk management areas of the business.

Recently, Galvin discussed the newly created position and his fit at the company, saying Stubhub’s growth has brought it to a stage where it needs the infrastructure and financial guidance that a CFO can bring.

What is the biggest challenge in your new position?
I think in a high-growth company, prioritizing which [general and administrative] projects and resources facilitate revenue growth and customer satisfaction, while maintaining strong internal controls. Then get out of the way; there’s not room or time for anything else.

What is the biggest risk you’ve ever taken?
Having three boys.

What is your biggest professional accomplishment?
Realizing the value of the combination of financial expertise and business partnership skills.

What is your biggest professional disappointment?
That running a 40-yard dash in 5.2 seconds wasn’t fast enough.

What is your career advice?
Find something you really love, or at worst don’t dislike. Then, do it very well, then play sports.

What one story are you continuing to watch in the sports business?
The economics of college sports. Particularly its impact on the role of the athletic director.

What element would you like to change about the sports industry?
The large-scale movement of players between teams. As a fan base, it’s very tough to feel real loyalty to constantly changing rosters.

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