Richard Magann, Jr., CPA


“I like nonsense, it wakes up the brain cells. Fantasy is a necessary ingredient in living.” ~Dr. Suess


RICHARD’S TRAIL MIX


One thing I won’t be caught dead doing is: Sitting still (especially on the weekend)


If you could have an endless supply of anything, what would it be? Willpower


What’s the one movie you can watch over and over again? Te Big Lebowski


What snack do you crave late at night? Cereal


What’s the kindest thing anyone has ever done for you? Listened, laughed and cried


Do you have any quirky talents? Impersonations


What’s the most embarrassing, guilty pleasure song on your iPod? Wrecking Ball by Miley Cyrus


Do you collect anything? Matchbooks


Confessing you have never heard of a process when interviewing for a position would most likely result in not being called back. However, the outward disadvantage actually revealed an advantage for Richard Magann, Jr., CPA. Te enterprise risk management (ERM) manager for Love’s Travel Stops & Country Stores in Oklahoma City, Oklahoma, said, “I had never heard of ERM until the end of my first interview with Love’s. While I feared this could lead to an immediate disqualification, it in fact proved to be helpful in communicating the concept to my new colleagues, who had never heard of it themselves.” “I was 30 years old and suddenly


realized that I was the sole expert at a 10,000 employee company and I didn’t know the first thing about this new vocation,” Magann confessed. “Love’s today is a more profitable, more stable and more innovative company than it was the day I joined. Tat is the product of the hard work of thousands of people and the vision of hundreds of leaders. I am proud to say that ERM also contributed to this.” Shane Wharton, CPA, executive


vice president of accounting and administration at Love’s, reiterated how important Magann’s leadership on the ERM program was for Love’s. “He led workshops with executives,


presentations to senior management and ultimately created the framework of the Love’s ERM program,” Wharton said. “I believe Richard is a good example of how a CPA can take complex and subjective concepts and break them down into something actionable.”


20 CPAFOCUS March/April 2017 An OSCPA member for six years,


Magann is a dedicated community volunteer. When he lived in Knoxville, Tennessee, he served a struggling chapter of the Court Appointed Special Advocates (CASA), which, he said, taught him the impact one person can have when paired with a nonprofit that is near insolvency. “Trough planning fundraising events and visiting friends and colleagues to personally appeal to them to volunteer or give financially, I contributed to a meaningful increase in the number of children we could serve,” Magann said. Te University of Oklahoma graduate


also volunteers for the United Way, serving on the Community Investment Subcommittee and assisting with other projects. He is also a board member of Te Education and Employment Ministry (TEEM), an interfaith nonprofit dedicated to breaking cycles of incarceration and poverty.


“I joined the board at a time when the organization was searching for an identity,” Magann said of TEEM. “We had to make several difficult decisions in my first year, but, it was there that I learned that introducing new ideas and ways of thinking can be very powerful in shaping a new direction for an organization.” “I see my greatest opportunity to contribute to our community in the future through recruiting others to join me in giving their time, expertise and money to those who need it and those who do good works,” Magann continued. “Organizations like United Way, the OSCPA and others offer a well- constructed path for us to do just that.”


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