Glenview, IL ***** Wayne R. Brekke
*********@*****.***
Cell: 773-***-****
Home: 847-***-****
PROFILE
Innovative financial executive with a strong record of driving financial
performance, improving sales, controlling costs and managing working
capital. Public and private company experience in corporate and operating
roles across food, manufacturing, consumer products, service, retail and
distribution companies, ranging in size from start-up to Fortune 50.
International experience across 5 continents. Exceptional team player and
leader. Outstanding relationship building skills. CPA and MBA in Finance.
KEY ACCOMPLISHMENTS
. Architect of a financial plan that improved sales by more than $450
million.
. Improved operating earnings approximately 200% in one year.
. Valued and successfully negotiated the sale of multiple operating
units.
. Led financial negotiations of a joint venture with sales exceeding $1
billion.
Streamlined financial reporting function, reducing head count by 25%.
Improved international operations cash flow by +70% in less than one
year.
PROFESSIONAL experience
Chicago International trucks, llc, Schaumburg, Illinois 2007-
Present
$200 million multi location truck dealership (an operating unit of
NAVISTAR, Inc.)
Chief Financial Officer - Responsible for all financial functions,
including financial reporting, accounting, treasury operations, insurance,
forecasting, taxes and Sarbanes-Oxley compliance. Key participant in
quarterly Board of Directors meetings. Staff of fourteen. Report to
President/CEO.
. Improved operating earnings approximately 200% in the first year as CFO
through enhanced margins, focused expense management and improved
financial analytics, while experiencing one of the worst new truck
markets in over 20 years.
. Improved the timeliness of financial reporting by reducing the monthly
close timeline more than 50%.
. Instituted financial standards for the leasing operations that drove an
overall portfolio ROI improvement of 25%.
. Concluded three fiscal audits with no required financial statement
adjustments. At the same time, reduced SOX control weaknesses from 56 to
1.
Resources global professionals, Chicago, Illinois
2006-2007
$800 million publicly traded consulting firm.
Project Manager - Responsible for the transfer of financial knowledge and
execution capabilities of a $3.3 billion service company relocating from
Chicago to Tennessee.
. Created, developed and led a team to document over 150 financial
processes in the areas of financial reporting, tax, internal audit,
financial planning & analysis, treasury and risk.
. Identified efficiency opportunities to improve accuracy and reduce
operating costs.
. Completed the assignment on time and under budget.
USF Corporation, Chicago, Illinois 2004
- 2005
$2.3 billion transportation (LTL) and logistics company. (Acquired by YRC
May, 2005)
Vice President, Finance & Strategy (January 2004 - June 2005)
. Developed the first ever 5 year strategic plan and accompanying financial
metrics.
. Established an overarching real estate strategy to maximize shareholder
value and provide financial flexibility while reducing the overall
effective tax rate.
. Evaluated potential acquisition companies and conducted negotiations.
INDEPENDENT consultant 2003
. Developed strategy to increase specific product market share for the
Coffee Division of Sara Lee Corporation.
MCDonald's Corporation, Oak Brook, Illinois 1994 - 2002
World's largest quick service restaurant company.
Senior Director Finance, Worldwide Supply Chain Group, Oak Brook, IL (July
01 - Dec 02)
Financial executive with CFO responsibilities for all financial management,
including internal audit and reporting of $11 billion annual product spend.
1. Initiated and led a cost study to determine and communicate "Best
Practices" among key multinational suppliers in order to drive down
McDonald's cost and improve supplier profitability.
2. Led negotiations to secure long-term pricing agreement with Coca-Cola to
ensure continued competitive advantage.
3. Provided business and financial counsel to Vice President U.S. Supply
Chain on a proposed strategic sale of a distribution center between
existing McDonald's suppliers.
Divisional CFO, Northeast Division, Philadelphia, PA (July 1997 - July
2001)
MANAGED A STAFF OF 21. ACCOUNTABLE FOR ALL FINANCIAL ISSUES PERTAINING TO
SECOND LARGEST U.S. DIVISION ($4.0 BILLION IN SALES AND $400 MM IN
OPERATING INCOME) INCLUDING RESTAURANT PROFITABILITY, MONTHLY AND QUARTERLY
FORECAST OF BOTH P&L AND B/S, FINANCIAL REPORTING AND ANALYSIS, ACCOUNTING
POLICY AND CONTROL, ACQUISITION AND DIVESTITURE ANALYSIS, RENT SETTING AND
ENSURING APPLICATION OF FRANCHISING LAWS. REPORTED TO THE DIVISION
PRESIDENT.
. INITIATED AND IMPLEMENTED A FINANCIAL INCENTIVE PROGRAM THAT INCREASED
SALES BY $140 MM.
ESTABLISHED AND EXECUTED FINANCIAL STRATEGIES TO ACHIEVE DOUBLE-DIGIT
INCOME GROWTH.
Authorized key real estate investments/acquisitions that annually added $60
MM in sales.
Controller, Western Zone, Oak Brook, IL (October 1995 - July 1997)
Responsible for all financial issues including the formation of key
strategic partnerships, developing a long term franchising plan and
establishing rent for high cost real estate locations.
Lead financial role for this $2.2 billion zone (second largest zone within
McDonald's USA).
Architect of a key financial plan that improved sales by more than $100 MM
in this zone and ultimately was adopted company-wide, resulting in an
increase of more than $450 MM in sales.
Director of Planning & Analysis, Oak Brook, IL (June 1995 - October 1995)
Coordinated and managed the execution of the three-year budgeting process
for both McDonald's International and McDonald's USA.
Director of International Planning & Analysis Oak Brook, IL (August 1994 -
June 1995)
Responsible for the consolidation and overall review of the three-year plan
for 150+ international entities.
Middleby Corporation, Rosemont, Illinois 1991 - 1993
A publicly traded (NASDQ) leading foodservice equipment manufacturer.
Vice President, Corporate Controller
REPORTED TO PRESIDENT AND RESPONSIBLE FOR ALL FINANCIAL FUNCTIONS,
INCLUDING FINANCIAL ANALYSIS AND REPORTING, BOTH INTERNAL AND SEC,
ACCOUNTING POLICY AND CONTROL, ACQUISITION AND DIVESTITURE ANALYSIS,
CAPITAL EXPENDITURE ANALYSIS, RISK MANAGEMENT, MIS DEVELOPMENT, CUSTOMER
CREDIT APPROVAL, BUDGETING AND CASH MANAGEMENT. SELECTED ACCOMPLISHMENTS
INCLUDED:
Improved operating earnings 60% in first full year as Corporate
Controller.
Valued and successfully negotiated the sale of an operating division.
Successfully negotiated revolving credit term facility with key
lender reducing interest costs by $300,000.
Implemented an international credit policy resulting in a reduction
in DSO of 15%.
Kraft Foods, Glenview, Illinois 1988 - 1991
One of the world's largest food manufacturers producing well-known consumer
brands.
Various roles and accompanying key accomplishments:
Manager of Finance
Developed and implemented acquisition/divestiture strategy for
company's largest individual division ($2 billion in sales).
Manager, Cost Investment & Analysis
DEVELOPED AND EXECUTED A SOYBEAN OIL HEDGING STRATEGY UTILIZING
FUTURES OPTIONS TO MINIMIZE PRODUCT COST FLUCTUATIONS. A 1 CENT CHANGE
IMPACTED OPERATING INCOME IN EXCESS OF $3MM.
MANAGER OF STRATEGIC PLANNING & ANALYSIS
LEAD FINANCIAL ROLE IN SUCCESSFUL NEGOTIATIONS OF A JOINT VENTURE
WITH + $1 BILLION SALES POTENTIAL.
Previous Professional Experience
Held financial and accounting positions of increasing levels of
responsibility with Staley Continental, Inc., Cimlinc, Inc., A. G. Becker
Paribas, Inc., and A. C. Nielsen Company.
Education
University of Notre Dame
BBA - Accountancy, May 1977
DePaul University
MBA - Finance, December 1984
CPA Illinois, May 1989