This database was last updated in October 2019 and should only be used as a historical snapshot. There may be new information that is not included here.
Douglas Webster
Education (joined: Dec. 21, 2017)
Chief Financial Officer | Financial Disclosure »
Bio, via Department of Education:
Prior to joining the Department, Webster served from 2015 to 2018 as director of risk management at the U.S. Agency for International Development (USAID). In this capacity he led the programs overseeing government-to-government risk management activities worldwide, as well as the agency's internal controls program. Webster served a 21-year career as an Air Force officer, including assignments as a C-130 navigator and as a program acquisition officer. Following military service, he transitioned into management consulting focused on the federal government. In this capacity, he led engagements that performed in-depth cost analyses, designed agency cost and performance management systems, led strategic planning initiatives, and implemented governance, risk, and compliance software systems. In 2003, Webster reentered national service with the Department of Defense Coalition Provisional Authority in Baghdad, Iraq, as the principal finance advisor to the Iraqi Ministry of Transportation. In this role he effectively became the de facto CFO of this ministry until the transition of sovereignty back to the Iraqis was completed. In 2007, he was appointed as the CFO of the U.S. Department of Labor. In this role, Webster oversaw the achievement of an unqualified audit opinion, and his efforts were recognized by the George Mason University Mercatus Center with an award for the best Annual Performance Report (APR) out of all 24 CFO Act agencies. Moreover, the APR produced under his leadership received the highest score ever awarded by the Mercatus Center up to that point in time, a 10-year period. In 2009, Webster joined the Department of Defense Business Transformation Agency as its deputy director. In this role he successfully led all internal operations of the agency. Of particular note, he led development of the agency's first strategic plan that directly linked agency-level strategic goals to individual performance plan measures. In 2008, Webster led the initiative to establish the Annual Federal Enterprise Risk Management Summit, which has been held every year since. He was also a leading founder of the Association for Federal Enterprise Risk Management (AFERM) in 2011 and served as its first president. In 2016, he was inducted into the AFERM Hall of Fame, recognized for his contributions to enterprise risk management over his professional career. In 2017, Webster was selected by the Association for Government Accountants for the worldwide International Achievement Award. He has also served on the U.S. Technical Advisory Group for the international risk management standard, ISO 31000. As an adjunct professor at Central Michigan University, George Washington University, and Troy State University, Webster has taught enterprise risk management, strategic planning, managerial accounting, financial management, engineering economic analysis, and business ethics. He has authored numerous journal articles and served as co-author of the books Managing Risk and Performance: A Guide for Government Decision Makers (2014), Chasing Change: Building Organizational Capacity in a Turbulent Environment (2009), and Activity Based Costing and Performance (1994). Webster's certifications include Project Management Professional, Certified Government Financial Manager, Certified in the Governance of Enterprise IT, and Prosci Organizational Change Management. He is an elected fellow of the National Academy of Public Administration. Webster received his bachelor's degree in engineering, master's in systems management, and doctorate in business administration.
Former Positions Outside Government
- Cambio Consulting Group LLC CEO
- George Washington Univ. Center for Excellence in Public Leadership Senior Fellow
- National Academy of Public Administration Fellow (member)
- Penfed Foundation Director
- Pentagon Federal Credit Union Director
Former Compensation Sources
- Cambio Consulting Group LLC Organizational Consulting Services
- George Washington University Teach classes on Enterprise Risk Management
Employment Assets
Description | Value | Income |
---|---|---|
Vanguard Prime Money Market Fund | $100,001 - $250,000 | $1,001 - $2,500 |
Vanguard Total Intl. Stock Index Fund Admiral Shares | $15,001 - $50,000 | $1,001 - $2,500 |
Vanguard Total Stock Market Index Fund Admiral Shares | $100,001 - $250,000 | $5,001 - $15,000 |
Vanguard Total Stock Market ETF VTI | $50,001 - $100,000 | $1,001 - $2,500 |
GE Capital Bonds | None (or less than $1,001) | $1,001 - $2,500 |
Bear Stearns Bond 10/2/2017 | None (or less than $1,001) | $201 - $1,000 |
CNA Financial Corp Bond 1/15/2018 | None (or less than $1,001) | $201 - $1,000 |
General Motors Bonds 1/10/2019 | None (or less than $1,001) | $201 - $1,000 |
JP Morgan Chase Bond | None (or less than $1,001) | $201 - $1,000 |
Wells Fargo bond | None (or less than $1,001) | $201 - $1,000 |
Xerox Corp bond 12/15/2019 | None (or less than $1,001) | $201 - $1,000 |
Allegheny Cty PA Bond | None (or less than $1,001) | $1,001 - $2,500 |
Col Springs CO Bond | None (or less than $1,001) | $201 - $1,000 |
Commonwealth PA Bond | None (or less than $1,001) | $201 - $1,000 |
Hartford CT Bond | None (or less than $1,001) | $201 - $1,000 |
Utah Intermountain Power Agency Bond | None (or less than $1,001) | $201 - $1,000 |
New Hope Cultural Ed Bond, Texas A&M | None (or less than $1,001) | $201 - $1,000 |
New Jersey State Bonds | None (or less than $1,001) | $1,001 - $2,500 |
Pima Cty AZ Bonds | None (or less than $1,001) | $201 - $1,000 |
Texas State Bonds | None (or less than $1,001) | $201 - $1,000 |
George Washington University Center for Excellence in Public Leadership - Feb. 9-11. 2016, Oct. 17-21, 2016, and Mar. 6-10, 2017 | $21,750 | |
Wiley: Book "Managing Risk and Performance: A Guide for Government Decision Makers" (value not readily discernable) | $201 - $1,000 | |
Goldman Sachs Group Inc Bond | None (or less than $1,001) | $201 - $1,000 |
Other Income/Assets
Description | Value | Income |
---|---|---|
U.S. bank account (cash) | $50,001 - $100,000 | None (or less than $201) |
Employment Agreements and Arrangements
Employer or Party | City, State | Status and Terms | Date |
---|---|---|---|
George Washington University | Washington, District of Columbia | Currently scheduled to teach Enterprise Risk Management with GWU Oct. 23-27. No subsequent commitments. | Oct. 16, 2017 |
Liabilities
Creditor Name | Creditor Type | Amount | Rate | Year Incurred |
---|---|---|---|---|
Pentagon Federal Credit Union | Mortgage on Personal Residence | $250,001 - $500,000 | 2.75 | 2015 |
Spouse's Employment Assets
Description | Value | Income Type | Income Amount |
---|---|---|---|
Allisa Inc. (Salon and spa) | Commission | ||
Vanguard Total Stock Market ETF | None (or less than $1,001) | $201 - $1,000 | |
GE Capital Bond | None (or less than $1,001) | Interest | $201 - $1,000 |
Merrill Lynch Bond | None (or less than $1,001) | Interest | $201 - $1,000 |
Principal Life Bond | None (or less than $1,001) | Interest | $1,001 - $2,500 |
Korea Development Bank Bond | None (or less than $1,001) | Interest | $201 - $1,000 |
Vanguard Prime Money Market Fund | $1,001 - $15,000 | None (or less than $201) | |
Vanguard Total Stock Market Index Fund Admiral Shares | $50,001 - $100,000 | $1,001 - $2,500 |
Do you know something about Douglas Webster? Send us an email at [email protected] or send a Signal message to 347-244-2134.
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