Manager Quality Assurance

JEFFREY M. MOELICH

****** Edgewater Drive #*** Lakewood, OH 44107 216-***-**** abnfss@r.postjobfree.com

CHIEF AUDIT EXECUTIVE

Chief Audit Executive with 20+ years experience in global manufacturing and Big Four professional services

organizations. Track record of successful Sarbanes-Oxley compliance, transforming audit into a proactive

business partner, and leading internal audit services in Asia-Pacific, Europe, and the Americas. Proven ability to

build organizational capability, set and deploy strategies, establish and deploy world-class functional excellence,

assess enterprise-wide risks, build strong working relationships, innovate, and get results. MBA / CPA / CIA

PROFESSIONAL EXPERIENCE

EATON CORPORATION, Cleveland, OH 2003-present

$11.9 billion diversified, global industrial manufacturer with 225+ plants and 61,000 employees.

Vice President, Internal Audit, World Headquarters (Senior Vice President and Corporate Officer)

Recruited to upgrade global internal audit function as Chief Audit Executive with a dual reporting to the Audit

Committee of the Board of Directors and CFO.

Lead financial, IT, operational, Sarbanes-Oxley Act (SOX) and compliance audit activities with staff of 35 in

Europe, Brazil, China, India, and Cleveland.

Structured comprehensive risk-based global Internal Audit coverage during a period of significant growth, in

which sales increased by over 100% and net income more than tripled.

Designed global processes for testing internal controls under SOX, resulting in unqualified opinions from external

auditors and no reportable deficiencies for 6 consecutive years.

Transitioned function from compliance focus to a strategic business partner with operating management,

including upfront involvement integrating newly acquired businesses and IT pre-implementation reviews.

Strategically moved Internal Audit from 100% of SOX validation testing to quality assurance with validation testing

by operating management driving ownership.

Established risk-based anomaly detection tools using correlation and time-series analysis to detect outliers from

normal operating activity across global locations and proactively identify potential problems.

Implemented risk assessment and process based audit approaches, employing the COSO framework to improve

internal audit coverage and audit effectiveness.

Proactively managed Internal Audit as talent pipeline, with 43 auditors moved to other positions.

Actively participate on corporate Leadership, Enterprise Risk Management, Disclosure and SOX Steering

Committees.

Led ongoing evaluation of corporate governance practices as part of ERM.

Reengineered audit and management processes to achieve best-in-class internal audit efficiency and

effectiveness, deployed an all-electronic audit management system (TeamMate), and implemented process

metrics, and improved the relationships with key customers of Internal Audit.

Led the Internal Audit function through first time certification in Eaton Business Excellence, an internal business

system and quality assessment process modeled after Malcolm Baldrige National Quality Award.

Conduct investigations of all financial fraud allegations on a worldwide basis.

GENERAL MOTORS CORPORATION, Detroit, MI 1999 - 2003

World’s largest automaker with manufacturing operations in 32 countries. Acquired Daewoo Motors in 2002.

Director, GM Audit Services, World Headquarters

Led audit activity in Asia Pacific Region and audits of North American purchasing, sales & marketing, production

control & logistics, component manufacturing, and GM’s Mexican operations.

Worked with the newly appointed Chief Audit Executive to transform GM Audit Services from a low-value add

compliance function into a world-class, strategic and risk-based internal audit service provider.

Led an initiative that recovered $500+ million in overpayments from direct material suppliers.

Earned the “Chairman’s Honors Award” for leadership in the establishment of 2 Caribbean subsidiaries, which

reduced the taxes on Mexican-built vehicles sold in the US by $15-20 million per month.

Evaluated enterprise-wide risks to establish the annual audit and operating plans.

Identified gap in supply chain performance metrics, strategically planned multiple audits, and leveraged findings

to change performance measurement from functional (supply chain and engineering as separate measures) to

measurement based on total vehicle platform sourcing and engineering costs.

Led a team of 20 professionals in mapping all financial and administrative processes of Daewoo to identify key

risk exposures and develop pragmatic recommendations to integrate financial and control processes into GM’s

operations.

Jeffrey M. Moelich Page 2

DELOITTE & TOUCHE, L.L.P. 1984 - 1986, 1999

Global professional services firm. Touche Ross merged with Deloitte, Haskins & Sells in 1989.

Senior Manager, Enterprise Risk Services, Detroit, MI (1999)

Recruited to lead Detroit office internal audit practice hiring a staff of 6.

Launched a marketing and practice development initiative generating $2 million in new business.

Led an internal audit reengineering consulting project at GM.

Senior Accountant, Audit & Advisory Services, Touche Ross, Chicago, IL (1984 - 1986)

Life insurance and oil & gas experience.

PRICEWATERHOUSECOOPERS, L.L.P. 1998

Global professional services firm. Coopers & Lybrand merged with Price Waterhouse August 1998.

Director, Internal Audit Services – Detroit, MI (1998)

Recruited by Coopers & Lybrand, launched Detroit office internal audit practice and established business plan.

THE BUDD COMPANY, Troy, MI 1995 - 1997

$2.5 billion tier one automotive supplier. Subsidiary of ThyssenKrupp AG of Germany.

Manager, General Accounting (1997)

Managed corporate office payroll, general ledger, financial analysis, and external reporting functions.

Utilized SAP and Hyperion to complete the monthly corporate closing and consolidation.

Manager, Forecast & Cost (1996 - 1997)

Developed the fiscal year 1997 operating plan, capital appropriation plan and 5 year forecast.

Led an initiative that saved $700,000 in annual electrical and natural gas costs.

Manager, Internal Audit Services (1995 - 1996)

Established a risk-based audit function and directed internal audit reviews.

Performed financial due diligence for acquisition of a drop forge operation.

Established internal controls for SAP implementation and establishment of a shared service center.

PPG INDUSTRIES, INC., Pittsburgh, PA 1991 - 1994

$15 billion global manufacturer of glass, coatings & resins and industrial/specialty chemicals.

Senior Financial Analyst, Worldwide Flat Glass Automotive Products (1994 -1995)

Developed the business unit’s annual profit plan, 5 year forecast, and capital budget.

Prepared capital project authorization requests, including the construction of two $30+ million manufacturing

plants (Illinois and Dalian, China).

Provided special project support, including product sourcing, margin optimization, cash flow, productivity

measurement, and profitability by customer.

Manager Policy & Controls, Glass Group (1991 - 1994)

Led an initiative that reduced the worldwide plant monthly closing schedule from 4 to 2 days.

Implemented work reduction programs as Chairman of the Glass Quality Leadership Team.

Prepared the Group’s quarterly representation letter, including all reserves and contingencies.

Supervisor, Internal Audit, Corporate (1990 - 1991)

Supervised financial and operational reviews of global manufacturing, distribution, and administrative

operations. Developed computer assisted auditing techniques and risk assessment models.

Facilitated the assumption of operating control from a Venezuelan fiber glass JV partner.

UNITED TECHNOLOGIES CORPORATION, Des Plaines, IL 1986 - 1990

$48 billion diversified industrial company.

Senior Internal Auditor (1988 - 1990)

Led financial and compliance reviews of global operations (95% travel, 50% international primarily Asia).

Internal Auditor (1986 - 1988)

EDUCATION & PROFESSIONAL

University of Michigan, Ann Arbor, MI, MBA, 1984, concentration in finance

University of Detroit, Detroit, MI, BS - Accounting, 1982, summa cum laude

Certified Public Accountant, State of Illinois, 1985, Certified Internal Auditor, 2001

Institute of Internal Auditors (IIA), Member (1999 - present)

Northeast Ohio Chapter of the IIA, Board of Governors (2003 - 2005), Member (2003 - present)

KPMG Internal Audit Automotive Share Forum, Steering Committee (2004 - present)

Manufacturers Alliance, Internal Audit Council II, Vice Chairman (2009 - present), Member (2003 - present)

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