Technology Magazine February 2022 | Page 258

PLAINS ALL AMERICAN PIPELINE
Lindseth came on board around the turn of the millennium , when the company had experienced a rogue trading loss from an employee who kept his positions hidden from management . Formerly a risk management consultant with PricewaterhouseCoopers , his first task as Corporate Risk Manager was to shape the right team and implement process redesign to deliver incremental changes and improvements throughout their risk management programme .
In just over a year , the infectiously positive Lindseth would also assume control over IS & Operational Accounting in order to improve them , while building and strengthening the company ' s risk culture and technological capabilities . At the age of just 33 , Lindseth would become one of PAA ’ s three SVPs , overseeing three areas : Technology , Process and Risk Management .
“ Once I got the promotion to SVP , my plan was to continue the path of improvement , going group by group , department by department , modernizing the systems where it made sense and was worth the investment . The idea behind the title was to overhaul everything on top of a really strong business model and get a real jump on the competition .”
Riding the wave After those initial bumps , for almost 12 years , in almost every single quarter , Plains met or beat earnings guidance . It hit double digit annual growth - turning into a Fortune 100
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