Marlo Kemp, MBA
Chief financial Officer
Marlo Kemp has serviced as Deputy Chief Financial Officer for Cook County Government and Chief Financial Officer for John H. Stroger, Jr. Hospital of Cook County. He has also served as CFO for the Forest Preserve District of Cook County, the Village of Hazel Crest, Illinois, and Roseland Community Hospital. At Cook County, he oversaw the budget review process for Cook County’s $3 billion annual budget and reconciled budget requests to funding estimates. His vast experience will guide SIMPCO domestically and internationally.
Mr. Kemp graduated from MIT in 1996 with a Bachelor of Science degree in Chemical Engineering, then relocated to Cincinnati after graduation to work at Procter and Gamble. He subsequently relocated with his wife to Arizona, where he took a position as a Process Engineer at Intel. While with Intel, Mr. Kemp developed a curiosity for finance after a budget discussion wih his department managers. Determined to learn more, he decided to pursue his MBA and explored schools that offered study on weekends. He found that the University of Chicago offered a Weekend MBA program and was recognized nationally as a top business school. Although classes were held in Chicago, Mr. Kemp applied and was accepted. He then commuted round trip between Arizona to Chicago nearly every weekend for three years, culminating with the awarding of his MBA in Analytical Finance and Accounting in 2003.
Following a stint at Capital One, Mr. Kemp returned to Chicago as a Special Assistant to Cook County Board President John H, Stroger, Jr. He was soon promoted to Deputy Chief Financial Officer, where he was responsible for overseeing the $3 billion Executive Budget recommendation and assisting the Chief Financial Officer in running the day-to-day operation of the department. He was then given the additional responsibility of interim Chief Financial Officer of Stroger Hospital, the flagship hospital in the Cook County health care system.
In 2007, Mr. Kemp was appointed as CFO of the Cook County Forest Preserve District. Under his leadership, the fund balance of the District increased from $13 million to $40 million, and the bond rating of the District improved from A to AA. With Mr. Kemp at the financial helm, the District’s budgets received kudos from civic groups and ratings agencies for his stewardship of funds
In 2011 Mr. Kemp was appointed as CFO of the Village of Hazel Crest. Within a month, he became adept enough to perform accounting and payroll functions as the only finance professional in the Village. Through effective budgetary practices, Kemp more than tripled the reserve fund balance in the Village. As a result, the Board appointed Mr. Kemp to the Village Manager position.
After his work in Hazel Crest, Mr. Kemp returned to health care after being offered the CFO position at Roseland Community Hospital on Chicago’s South Side. He currently serves on the boards of several community based non-profit organizations.