The full results of America's Best CFOs survey including those who ranked second and third are available on http://www.iimagazine.com; the complete article, which includes selected profiles, is available in the March 2008 issue of Institutional Investor magazine.

With the collapse of the subprime mortgage market last summer and the worsening credit crunch, many chief financial offers are finding that it's not enough to be a number cruncher and a visionary -- they also have to be an economic strategist, helping navigate the economy's shoals and keeping jittery investors abreast of fast-changing conditions. As a result an already difficult job has become even more challenging.

America's Best CFOs 2008:

BASIC MATERIALS

Chemicals: James Sawyer, Praxair

Metals & Mining: Richard Harshman, Allegheny Technologies

Paper & Forest Products: Mark Buthman, Kimberly-Clark Corp.

CAPITAL GOODS/INDUSTRIALS

Aerospace & Defense Electronics: James Bell, Boeing Corp.

Airfreight & Surface Transportation: D. Scott Davis, United Parcel Service

Business & Professional Services: Michael Van Handel, Manpower

Electrical Equipment & Multi-Industry: Daniel Comas, Danaher Corp.

Environmental Services: Tod Holmes, Republic Services

Machinery: Richard Fearon, Eaton Corp.

Packaging: Alan Rutherford, Crown Holdings

CONSUMER

Airlines: Laura Wright, Southwest Airlines Co.

Apparel, Footware & Textiles: Donald Blair, Nike

Autos & Auto Parts: R. Bruce McDonald, Johnson Controls

Beverages: W. Randolph Baker, Anheuser-Busch Cos.

Cosmetics, Household & Personal Care Products: Clayton Daley Jr., Proctor & Gamble Co.

Food: John Bryant, Kellogg Co.

Gaming & Lodging: Arne Sorenson, Marriott International

Homebuilders & Building Products: Joel Rassman, Toll Brothers

Leisure: David Bernstein, Carnival Corp.

Restaurants: Matthew Paull, McDonald's Corp.

Retailing/Broadlines & Department Stores: Douglas Scovanner, Target Corp.

Retailing/Food & Drug Chains: David Rickard, CVS Caremark Corp.

Retailing/Hardlines: John Mahoney, Staples

Retailing/Specialty Stores: Nirmal (Trip) Tripathy, TJX Cos.

Tobacco: Dinyar Devitre, Altria Group

 ENERGY

Electric Utilities: Thomas Fanning, Southern Co.

Integrated Oil: Stephen Chazen, Occidental Petroleum Corp.

Natural Gas: Donald Chappel, Williams Cos.

Oil & Gas Exploration & Production: Louis Baldwin, XTO Energy

Oil Services & Equipment: Margaret Dorman, Smith International

FINANCIAL INSTITUTIONS

Banks/Large-Cap: Howard Atkins, Wells Fargo & Co.

Banks/Midcap: Doyle Arnold, Zions Bancorp.

Brokers & Asset Managers: David Viniar, Goldman Sachs Group

Consumer Finance: Gary Perlin, Capital One Financial Corp.

Insurance/Life: William Wheeler, MetLife

Insurance/Nonlife: John Vollaro, Arch Capital Group

REITs: Stephen Sterrett, Simon Property Group

HEALTH CARE

Biotechnology: John Milligan, Gilead Sciences

Health Care Facilities: W. Larry Cash, Community Health Systems

Health Care Technology & Distribution: JoAnn Reed, Medco Health Solutions

Managed Care: Wayne DeVeydt, WellPoint

Medical Supplies & Devices: James Crines, Zimmer Holdings

Pharmaceuticals/Major: Derica Rice, Eli Lilly and Co.

Pharmaceuticals/Specialty: Jeffrey Edwards, Allergan

MEDIA

Cable & Satellite: John Alchin, Michael Angelakis, Comcast Corp.

Entertainment: Thomas Staggs, Walt Disney Co.

Publishing & Advertising Agencies: Randall Weisenburger, Omnicon Group

TECHNOLOGY

Computer Services & IT Consulting: Gordon Coburn, Cognizant Technology Solutions Corp.

Internet: Blake Jorgensen, Yahoo!

IT Hardware: Peter Oppenheimer, Apple

Semiconductor Capital Equipment: Martin Anstice, Lam Research Corp.

Semiconductors: Andrew Bryant, Intel Corp.

Software: Christopher Liddell, Microsoft Corp.

TELECOMMUNICATIONS

Data Networking & Wireline Equipment: Dennis Powell, Cisco Systems

Telecom Equipment/Wireless: William Keitel, Qualcomm

Telecom Services: Richard Lindner, AT&T

Institutional Investor's 2008 survey of America's Best CFOs identifies the top finance directors in each of 56 sectors. The results are based on the responses of some 675 investment professionals at 350 of the world's most influential money management firms.