Woman of the Year 2021 Winner: Phung Ngo-Burns, Chief Accounting Officer & Treasurer

Published: Sep 2021


Photo of Phung Ngo-Burns, Chief Accounting Officer & Treasurer.

Phung Ngo-Burns

Chief Accounting Officer & Treasurer

Nextier Completion Solutions Inc. located in Houston, Texas, USA is part of the oil and gas field services industry. The company has over 2,300 employees across all its locations and generates over US$1.2bn in sales.

A leader, a mentor, a mission

Phung Ngo-Burns is the 2021 Overall Winner of Treasury Today’s Woman of the Year award. Phung is an outstanding example of a treasury professional who is also a committed member and leader within and outside of her organisations. She is an accomplished financial professional with a proven track record across accounting, finance, control, tax, treasury, audit and SOX activities. Phung has demonstrated success in delivering financial and operating solutions, leading to commercial business development and crisis management in a highly competitive industry. She is a dedicated and consummate professional who is accomplished in building collaborative relationships between finance and operations, whose insights and acumen have delivered significant development projects and in implementing financial strategy.

Phung is also committed to mentoring and to giving back to the community.

Pedigree and purpose

With a BSC in Accounting from Oklahoma State University and an MBA (Executive Programme) from University of Houston in Texas, Phung believes that her greatest assets and skills as an executive are her ability to make factually based, sound decisions and to effectively design roadmaps for infrastructure-supports to meet the needs of both operations and business. A strategic leader who possesses a strong grasp of core financial concepts, including strategic planning, risk management, financial modelling, accounting, external reporting, budgeting and forecasting, Phung has demonstrated an avid understanding and competence in all aspects of her field.

Leading with style

Phung describes her leadership style as one which does not block the rhythm of the teams that she leads by holding up decision-making. She seeks to empower her colleagues in a relationship which encourages mutual growth and understanding.

Impact and effect

Phung is driven by principle and purpose, from the office, to her home, to her interactions with the community where she lives, she utilises her organisational skills, financial acumen and service focused attitude in her work as a volunteer. Phung serves on various not-for-profit, faith-based organisations in roles such as Board Executive, Auction/Gala Chairperson, Committee member, and as a volunteer helping out with whatever is necessary within these not-for-profit organisations, including sorting books, clothes and foods to be distributed.

Phungs’ impact on her industry is characterised by her innovative thinking, the respect that her peers have for her and by a resolute drive to raise the bar for the entire treasury profession. In all her interactions, Phung has a passion to enable others around her to be the best that they can, both in her working life and within her community. She is resolutely committed to making meaningful contributions.

Within the oil field services space, Phung was an early adopter of Virtual Cards and an early implementer of SAP S/4HANA. She is dedicated to sharing her experiences with other corporate practitioners in order for them to benefit from the lessons that she and her team have learned. This desire to share and spread best practice is the driving force behind Phung’s participation in industry forums and conferences. In a year characterised by extraordinary sacrifice and perspicacity, Phung is a shining example of a female professional who consistently goes above and beyond in her role and communities, a shining example of the treasury profession.

The Adam Smith Awards is the industry benchmark for best practice and innovation in corporate treasury. The 2021 Awards attracted a record-breaking 309 nominations spanning 40 countries. To find out more please visit: https://treasurytoday.com/adam-smith-awards.

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