Mark Newsome

About Mark Newsome

I’m a senior executive with more than 25 years of experience leading financial operations and driving strategic initiatives across both public and private sectors. My expertise lies in revitalizing organizations through strategic financial planning, staff restructuring, and process optimization. I excel at identifying risks, developing effective responses, and implementing best practices that close gaps and support sustainable growth.Throughout my career, I’ve been known for an authentic leadership style—reenergizing teams and fostering a culture that drives success. I take pride in assessing complex financial and operational challenges and turning them into opportunities for improvement. Whether it’s leading turnaround efforts or optimizing processes for better performance, I am passionate about laying the groundwork for long-term success.If you’re looking for someone who can align financial strategy with business goals and inspire teams to perform at their best, let’s connect!

Experience

1. Chief Financial Officer (CFO)

   Ncdot

   Aug 2023 — Present · Raleigh, NC, US

   I lead financial operations, accounting, reporting, and forecasting for the North Carolina Department of Transportation, with an $8B budget and staff. I revitalize teams and processes to improve effectiveness and support sound decision-making while ensuring a strong financial position for NCDOT.Selected Highlights Include:• Communicates daily with stakeholders to ensure their confidence and engagement. Regularly updates the legislature and effectively navigates political situations.• Successfully stabilized NCDOT\'s cash levels, increasing from $300M to more than $2.6B. Refined cash models to provide reliable insights and support better decision-making. Supported increase in NCDOT credit ratings.• Revamped the finance team, emphasizing diversity in thought and skillsets while elevating profiles and skills of key employees.

Education

• Liberty University

  Master of Science (MS) Accounting

• Elon University

  Bachelor of Arts (BA) Political Science

Skills

• Internal Audit
• Strategic Planning
• Policy
• Microsoft Excel
• Financial Reporting
• Public Speaking
• Sarbanes-Oxley Act
• Managerial Finance
• Financial Accounting
• Process Improvement
• Non-Profits
• Project Management
• Budgets
• Staff Development
• Team Building
• Analysis
• Microsoft Office
• Accounting
• Research
• Internal Controls