Timothy J. Salach, CPA

**** ****** **. **********, ** 45242

513-***-****; abil8v@r.postjobfree.com

Senior financial/ operations executive. I developed my accounting and

finance skills at Price Waterhouse, Quaker Oats and the University of

Chicago. Subsequent leadership roles in a variety of industries have given

me experience managing operations and the full spectrum of CFO

accountabilities, including M&A, HR and IT as well as all of accounting and

finance.

Specific areas of expertise include

? Global cash management ? Reporting, planning, ? IRS and financial

analysis audits

? Debt and equity fund and forecasting ? Human Resources

raising strategy and

? Private Equity ? Work process execution

improvement

? Acquisitions and ? Managing financial ? IT optimization

divestitures distress

EXPERIENCE

Freelance Consulting

2010

Experiences ranging from an overhaul of a $100MM manufacturer's finance

function to advising a Fortune 500 company on its financial operations and

its annual and quarterly planning cycle.

Brandimage- Desgrippes & LAGA, Cincinnati, OH

2002-2010

Chief Financial Officer

Brandimage- Desgrippes & LAGA is a marketing services firm providing brand

consulting and graphic design to companies such as PepsiCo, General Mills,

Campbell's Soup, Unilever, Air France and others. I joined LAGA, a

predecessor to the combined company, as CFO in 2002. A merger with

Desgrippes Gob doubled the size of the company to $60MM and made it

international, with nine offices on three continents. A strategic business

partner to the CEO, I retained accountability for all dimensions of

finance, IT and HR for the worldwide operations of the combined company.

. Improved operations and profitability by counseling functional leaders on

challenges ranging from contracts and pricing to operating approaches,

work plans, and human resources considerations.

. Executed debt for equity recapitalizations in 2002 and 2003. Raised bank

debt in 2007 to leverage LAGA in order to retire Desgrippes Gob 's non-

performing debt and consummate the merger.

. Successfully guided the company through the global economic crisis. After

the CEO's departure in early 09, I was the touch point for the Board of

Directors, owners, debt holders and employees. I preserved access to our

line of credit despite thin capitalization by managing operations and

critical relationships. I led efforts to rightsize the organization,

relentlessly managed working capital, and provided the bank and potential

investors with reliable forecasts and transparent financial reporting.

. Managed the pursuit of equity investment, ultimately leading to the sale

of Brandimage to private investors in late 09.

. Have executed a broad range of accountabilities, including 401k

administration; tax filings and audits; employee benefits; real estate

transactions in three cities; property and casualty insurance; and

multiple upgrades to IT infrastructure and operating systems on both PCs

and Macs.

Rapp Collins, a unit of Omnicom Group, Inc., Chicago, IL

2000- 2002

VP, Chicago CFO This direct marketing agency assembled a new management

team to re-launch its Chicago office in 2000. I supported the re-launch

with improved financial reporting and modeling, enabling better management

of the re-launch's tactics and their progress.

Timothy J. Salach, 2 of 3

The Times, Munster, IN

1996- 2000

Director of Finance

Change agent. The newspaper, one of Indiana's largest, had doubled its

revenue to $50 million in a five-year span. The rapid growth overwhelmed

financial operations. Cost models were inadequate for what the operations

had become, billings were inaccurate and collections lagged. I dramatically

improved financial operations in this newly created position as the

organization's most senior finance professional.

. Increased advertising cash flow through an improvement in the billing

work process and a focus on timely collections. Collections exceeded net

billings for two consecutive years.

. Reduced advertising billing credits 40% per month in terms of dollar

value and number written.

. Increased circulation cash flow 10% by improving controls and financial

metrics.

. Introduced financial and strategic models to better target circulation

growth efforts and to improve the profitability of zoned editions and

special sections.

. Used technology to set up improved processes for carrier and subscriber

payments. Led finance through Y2K upgrade of the advertising billing

system.

The Quaker Oats Company, Chicago, IL

1989-1996

Seven years total, four in the corporate controller's group and three in

the MBA Finance Rotational Program.

Finance Rotational Program, Financial Analyst, 1993- 1996

Only the second internal candidate ever hired by Quaker for this program in

which MBAs work in three functional areas during a five-year period.

Corporate Planning and Analysis

. Critical review of operating projections. Division management submitted

strategic and operating plans on an annual and quarterly basis.

Challenged the strategic assumptions and associated financial

projections. Proposed corporate adjustments to allow meaningful

consolidated financial projections.

. Formulation of corporate strategy. Corporate Planning and Analysis served

as a think tank for the CEO and Board of Directors. Analyzed emerging

business considerations, developed frameworks for managing portfolio

brands and other corporate considerations.

. Loan assignments. Corporate Planning and Analysis was used as a source

for staffing for high profile projects. Assignments included:

o Reengineering Leadership Team

One of three Quaker employees chosen to lead operating units

through a process to align the company's activities and resources

with its business objectives.

o Latin America and Pacific Foods Division

Defined accountabilities for the newly created financial analyst

position. Contributed to formulation of the division's original

strategic plan. Supervised the creation of the Pacific Foods SBU

database.

North American Beverages

. Assigned to contribute to corrective initiatives in the wake of the ill-

fated Snapple acquisition. Also provided support for new product

introductions and line extensions.

Timothy J. Salach, 3 of 3

The Quaker Oats Company, Chicago, IL

Corporate Financial Reporting, 1989- 1993

Staff Financial Accountant; Senior Financial Accountant

Worked with operating units and corporate groups to meet the information

needs of Quaker's executive management. Worked with auditors to meet SEC

reporting requirements.

. Led one of the country's first implementations of SFAS 105, "Financial

Instruments with Off-Balance-Sheet Risk".

. Worked closely with investor relations on quarterly and annual reporting,

conference calls and other communication to the investment community.

. Worked with the SEC to make Quaker one of the pioneers on the EDGAR

online reporting system.

Price Waterhouse, CPAs, Chicago, IL 1987- 1989

Staff Auditor

Worked in litigation support in addition to auditing clients such as

Tootsie Roll, Amoco, and Continental Bank.

EDUCATION

University of Chicago, Master of Business Administration, 1993

Concentrations in Finance and Marketing

Indiana University, Bloomington, IN, BS in business with High Distinction,

1987

Major in Accounting, Minor in English

MISCELLANEOUS

I am a very good presenter. You can see a four-minute video I wrote and

presented for the Brandimage website on YouTube by searching its title,

"Sustainability for the Shifting Economy" or by following this link:

http://www.youtube.com/watch?v=dmkblQPDcLM

I also volunteer to read a 30 minute program once a week at the Cincinnati

Association for the Blind's Radio Reading Service. My program won Program

of the Year from the International Association of Audio Information

Services.

I have a knack for languages. When we bought Desgrippes Gob I couldn't

count to ten in French. After less than a year of self study, I was

leaving voice mails and doing simple emails in French. I also took two

years of German in high school.

Board Memberships

Legacy Foundation, a community foundation for Lake County, Indiana; 1997-

2000

Lake County Initiative for Fair Taxation, an ad hoc panel of community

leaders sponsored by The Times to address economic development, and

property and other tax issues, 1997-2000

Software: Proficient in Microsoft Excel and Word. MAS 90, Donovan and

Elite mainframe systems.

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