In a recent episode of The Business Compass podcast, Michael Stone, CFO of Helix Electric, shared his remarkable journey from humble beginnings in Leeds to steering one of the largest non-union electrical contractors in the United States. His story offers valuable insights into leadership, operational strategy, and the evolving role of finance in large-scale construction.
A Global Journey Rooted in Adaptability
Born in Leeds, Michael relocated to South Africa as a child, later returning to the UK to begin his career in auditing. His early exposure to high-profile clients in the music industry laid the groundwork for a career marked by adaptability and ambition. A traumatic incident in South Africa prompted his permanent move to the United States, where he began anew, starting as a temp in accounts payable at Helix Electric.
Thirty years later, Michael remains with the company, now serving as CFO. Under his financial stewardship, Helix has grown from a mid-sized firm to a billion-dollar enterprise, with over 2,700 employees and operations spanning from Hawaii to Washington, D.C.
Strategic Finance: Beyond the Balance Sheet
It was emphasised that the modern CFO role extends far beyond traditional financial reporting. Today, it is deeply embedded in operational risk management and strategic planning. At Helix, financial success is driven by meticulous contract negotiation, proactive cash flow management, and a robust understanding of job site productivity.
One standout innovation is Helix’s use of historical job data to forecast revenue and margin trajectories. By fitting new projects into established performance curves, the company maintains rolling forecasts with a margin of error reduced to just 5–8 percent. This data-driven approach exemplifies how financial leadership can directly influence operational outcomes.
Embracing AI with Caution and Purpose
Helix Electric takes a cautious but forward-thinking adoption of artificial intelligence. While wary of security risks, the use of AI in contract review and recruitment has helped with efficiencies. Automated CV screening helps sift through high volumes of applications, enhancing efficiency while maintaining privacy standards.
Building Talent from Within
A key theme throughout the conversation was Helix’s commitment to internal talent development. Approximately 80 percent of senior management have been promoted within the company, including Michael himself and the current COO. The company invests heavily in training and internships, fostering a culture where leadership is cultivated organically.
Michael offers a compelling reminder that leadership is not just about technical expertise. It’s about strategy, adaptability, and the courage to evolve.
