Sales Project

Douglas E. Pihl

abhujr@r.postjobfree.com *** Lake Ridge Court Shoreview MN 55126

H: 651-***-**** C: 704-***-****

PROFILE

Senior finance and tax leader, with a demonstrated ability to blend

extensive tax experience with a thorough understanding of business

functional issues and outstanding analytical skills to lead the execution

of tax advantaged business strategies producing dramatic savings.

Pragmatic problem solver, skilled in multidisciplinary task management and

team leadership in diverse industries.

CAREER HIGHLIGHTS

Tax Management - Built multiple world class tax functions at publically

held fortune 500 companies. Consistently contributed significant

earnings and cash flow.

International Finance and Tax - Finance integration of 8 international

acquisitions. Designed and executed multiple tax effective

international restructurings

Treasury - Analyzed and executed multiple tax efficient domestic and

international financing plans.

Mergers and Acquisitions - Finance team leader including financial

modeling, partnering with investment bankers on acquisitions totaling

over $2 billion in sales.

Financial Reporting and Analysis -SEC reporting experience and multiple

"special project" financial analysis, assignments involving both debt

and share equity.

PROFESSIONAL EXPERIENCE

POLYMER GROUP INC. Charlotte, NC

2009-2010

$1.0 billion Global manufacturer of Non Woven Polymer Fabrics

Vice President - Tax

Responsible for the global tax affairs of the corporation, Redesigned tax

processes to clear a pre-existing SOX 404 material weakness. Addressed

global tax due diligence issues resulting in a successful LBO.

FAIR ISAAC CORPORATION. Minneapolis, MN

2005-2009

$800 million analytics and software leader

Senior Director of Tax

Responsible for the global tax affairs of the corporation, Duties include

federal and state income tax planning, compliance, audit, sales, use,

property tax and SOX 404 compliance.

. Redesigned Tax processes to clear a pre existing significant

deficiency

. Negotiated multiple year IRS examination settlements in appeals & post

appeals mediation

. Designed an offshore intellectual property company.

QUALCOMM, INC., San Diego, CA

2004-2005

$6.0 billion global leader in 3G wireless technology

Senior Director, Domestic Tax

Responsible for domestic tax affairs of the organization. Duties include

federal and state income tax planning, compliance, audit, sales, use,

property tax and SOX 404 compliance. Manage a staff of 16.

. Streamlined tax provision and return process, managed process

integration.

. Led multidisciplinary team implementing FAS 123R stock option

expensing project

. Completed analysis of a state tax election which resulted in $130

million in state tax savings

Pentair, Inc., Golden Valley, MN 1982 - 2004

$2.7 billion diversified, multinational manufacturing organization.

Corporate Tax Director (1989 to 2004)

Directed all tax related functions. Additional responsibilities include

analysis, modeling, due diligence and negotiation of mergers, acquisitions

and divestitures. Sales grew during this period from $1.2 billion to $2.7

billion.

. Reduced the effective corporate tax rate from 42% in 1996 to 34% in

2003 through a series of federal, state and international planning

efforts. Sustainable program savings total $15 million per year

equating to $0.30 per share.

. Negotiated resolution of 15 separate IRS examinations at all

administrative and judicial levels.

. Structured sales operations of a group to produce $2 million in state

income tax savings.

Douglas E. Pihl, CPA Page Two

. Directed all aspects of international outbound investments:

Irish/Canadian financing structure providing $13 million in tax

savings over six years.

Luxembourg/Swiss holding company structure produces $3 million per

year in savings.

UK holding structure produced concurrent tax deductions in the US and

UK. Structured or restructured organizations in China, Brazil, France,

Germany, Italy and Mexico

. Designed, implemented and defended multiple international transfer

pricing models.

. Led finance due diligence in the US, UK, France, Germany, Canada,

Brazil, Taiwan and PRC.

. Directed accounting and tax integration on seven major domestic and

international acquisitions. Including APB 16 accounting and

implementation of accounting policies.

. Negotiated and executed final terms of a supplier joint venture in

Taiwan and the PRC.

. Finance leader for the execution of a $300 million segment

disposition.

Corporate Tax Manager (1986 to 1989)

Assumed full responsibility for the tax function with, reporting

responsibility to the Treasurer. Continued participation in most corporate

finance functions. Company sales grew from $624 million to $1.2 billion.

. Managed IRS exams, appeals and litigation.

. Led a cost allocation team for a $400 million joint venture

construction project.

. Successfully defended $80 million in tax benefits resulting from the

project.

. Assisted in execution of a $380 million sale/leaseback of a paper

making facility.

. Responsible for financial and tax integration of 2 acquisitions.

. Provided analysis for public equity and debt offerings.

. Finance leader for executive stock compensation plans and a $60

million leveraged ESOP.

. Improved department operations to accommodate sales growth without

staff additions.

Corporate Accountant/Internal Auditor (1982 to 1986)

Company sales grew from $270 million to $624 million during this period

. Participated in all corporate accounting and reporting functions.

. Prepared SEC reports (10K, 10Q, 8K).

. Participated in integration of 4 acquisitions.

. Conducted financial reviews of a variety of subsidiary functions.

. Analyzed and documented stock and option incentive plans.

. Prepared federal and state income tax returns.

. Managed IRS and state income tax examinations

. Researched and successfully defended aggressive tax positions

. Provided analysis for multiple acquisition and financing projects

Mork Cumpston & Co. CPA's, St. Paul, MN 1979 - 1982

Senior Accountant

Worked as a senior auditor and tax preparer for business clients and

individuals.

EDUCATION

B.S. Accounting, Minnesota State University, Mankato, MN

Certified Public Accountant (Inactive)

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