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Douglas webster

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 Compensation Sources

See more financial disclosure details ⬇

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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