MICHAEL KNELLER, MBA

LinkedIn Michael Kneller 239-***-**** adosg3@r.postjobfree.com

Chief Financial Officer CFO Executive Vice President Financial Growth Strategies & Vision Profit Maximization Strategic Financial Leader & MBA with a proven track record driving financial success at mid-stage and start-up divisions. Served as CFO of a $300 million Merck territory during a time of double-digit growth. Kicked off career with Bosch Power Tools and Motorola and continued to other multi-national organizations with operations in Pharma, MedTech, and more. Strong working knowledge of business development and expertise empowering finance teams of 80+ professionals to implement programs that increase revenues, reduce costs, improve working capital efficiency, expand/grow operations, and bolster company value. People Focus. Growth Mindset. Areas of Expertise:

P&L Ownership/ Financial Statement Reporting Talent Acquisition & Development Internal Controls/Continuous Improvement Financial Forecasting & Budgeting Audit Oversight Risk Management Strategic Planning for Growth Reorganizing Talent International Expansion Financial Planning & Analysis KPI & Competitor Benchmarking Financial Modeling High-ROIs Process Re-engineering GAAP Inventory & Supply Chain Enhancement Cost-Efficient Revenue Growth Value Creation CAREER HIGHLIGHTS:

Championed Medtronic’s regional expansion of 15 new offices and branches throughout Europe, the Middle East, and Africa and handled all accounting, closing, and internal financial controls for over 200 distributors located in 80 countries throughout EMEA.

Headed post-integration Finance concerns in Russia for the largest acquisition in the med-tech industry, a $50 billion transaction. Merged Covidien and Medtronic’s Russian Finance teams into one team and identified key areas of revenue, cost, and synergy savings.

Strong Manufacturing & Distribution Expertise: Led key internal audits throughout the United States and other global locations to address financial, operational, and compliance deficiencies related to the movement of goods and products. PROFESSIONAL EXPERIENCE:

ARTHREX, INC., NAPLES, FL 2019 to July 2021

Senior Director, Financial Planning, Product, & Accounting (2019 – July 2021) Empower an extended team of 80 Finance and Accounting professionals across multiple disciplines, including FP&A, general ledger accounting, accounts payable, account receivable, fixed assets, international finance, and others. Collaborate and partner with organizational leaders to develop and deploy strategies to defend and strengthen strong market positions in challenging and dynamic external environment while maintaining a controllership focus. Arthrex Annual Revenues = $3B.

• Advised Commercial Team to achieve 12% sales growth through the Covid-19 pandemic by individually tailoring service levels, including payment plans, to the needs of customers in distress.

• Streamlined customer payment options (ie. Eliminated credit cards as a form of payment) to save over $15 million annually.

• Reduced the Cash Conversion Cycle by 12 days by reconfiguring AP payment processes, working with supply chain to improve order quantities, and implementing an automated dunning process to reduce overdue receivables.

• Eliminated $10 million in cost of goods by targeting low gross margin suppliers and working with Supply Chain to negotiate better terms including improved order quantities.

• Developed a global finance and reporting policy manual to serve as a resource for current employees and subsidiary start-up guide.

• Worked closely with global finance colleagues to review and improve local control environments and to ensure compliance framework was in place to support strong, double-digit top and bottom-line growth.

• Generated 20% normalized revenue growth in the first six months after implementing a Net Present Value (NPV) prioritization process across all Product Teams to focus resources on the highest impact initiatives (from over 300 identified).

Mike Kneller, MBA Page 2

• Identified and remediated inappropriate accounting for allowances for doubtful accounts, leading to a $2.5 million, one- time gain.

MEDTRONIC, FRIDLEY, MN 2010 to 2019

International Audit Director (2015 – 2019)

Led the international audit staff in risk-based financial and operational audit activities throughout the Greater China, Asia Pacific, and Latin America Regions. Team with senior leaders to meet strategic objectives through risk mitigation strategies. Understand key business risks of each business unit, function, and location, and develop testing based on this information. Medtronic Annual Revenues = $32B.

• Eliminated one month of channel inventory ($70-80 million) in China by implementing controls at order acceptance stage.

• Saved $300,000 in outside audit fees through collaboration with the outside audit firm and gaining reliance on OUS audit and SOX 404 testing procedures.

• Reduced credit limit exposure in China by over $10 million by reviewing business forecasts vs. available customer credit limits.

• Identified and eliminated $20 million in inappropriate bill-and-hold revenue transactions in Malaysia.

• Rewrote and executed thorough audit program for anti-bribery, anti-corruption (ABAC) reviews that identified $500k in inappropriate payments across the LATAM Region.

• Identified and supported remediation of several critical control gaps in the fastest growing regions of the company.

• Recruited, trained, and developed junior staff members to rotate into key leadership roles to have a continual group of strong financial risk experts on the team.

• Identified significant audit issues that led to termination of 67% of the distributors audited. Finance Director / Area Finance Director (CFO Russia) – Russia (2013 – 2015) Spearheaded both the FP&A and Controllership functions of the combined Russian finance organization, which included oversight of finance and accounting integration activities. Supervised a team of 20+ finance and accounting professionals and led all financial planning, general ledger accounting, credit controlling, AP/AR, inventory controls, and treasury activities for 12 countries. Collaborated with General Manager and Sales and Marketing Directors to forecast sales, expenses, and cash flow projections in highly volatile markets while maintaining the highest compliance standards.

• Integrated Covidien and Medtronic’s Russian finance teams into one team, while supporting and identifying key areas of revenue, cost, and synergy savings as a part of the $50 billion, largest acquisition ever in the med-tech industry.

• Reduced indirect procurement spending by over $250,000 by writing and implementing a Purchasing Policy that introduced compliance, independence, accountability, and discipline across functions.

• Identified and led Finance Department synergy savings initiative of $3 million in headcount savings during the integration of Covidien into Medtronic.

• Managed to grow topline by 6% during Russian economic downturn by strategic review of customer credit limits.

• Partnered closely with the Russian General Manager to restructure the Sales and Marketing organization to eliminate $1.5 million in headcount to maintain a leveraged P&L.

• Developed a procurement procedure to define processes and supplier qualifications, which both improved internal controls and reduced costs.

Financial Controller EMEA Emerging Markets – Switzerland (2010 – 2013) Managed and mentored a team of 12 finance professionals in Switzerland and Egypt and established the infrastructure throughout Eastern Europe, the Middle East, and Africa to support rapid business growth in these regions. Collaborated with senior leaders as a key strategic business partner to ensure internal control, statutory, and tax objectives were met. Monitored and reviewed growth projections and presented risks and opportunities for the company to local senior management.

• Championed the regional expansion of 15 new offices and branches throughout the area ensuring appropriate infrastructure was in place, as well as identifying and mitigating compliance infractions and enhancing credit strategies and controls to respond to economic conditions.

• Oversaw the fiscal controllership for the company’s third–party business throughout Europe, the Middle East, and Africa

(EMEA) Emerging Markets. This involved handling all accounting, closing, and internal financial controls for over 200 distributors located in 80 countries throughout EMEA.

• Supported the step plan execution of the spinoff of the Mallinckrodt Pharmaceutical division for the region. MERCK, SWITZERLAND 2005 to 2010

Finance Director – Swiss Global Pharmaceutical Business (2008 – 2010) CFO of a $300 million business growing in double digits. Collaborated with the General Manager and business unit leaders to forecast sales results, monitor expenses, and allocate investment resources efficiently. Monitored company goals and objectives and ensured appropriate action plans were in place to achieve annual results. Mike Kneller, MBA Page 3

• Led the Swiss financial integration of Organon Biosciences resulting in improving net sales by 12% to become the most profitable market in the region.

• Identified and reduced costs specific to car fleet harmonization, field force restructuring, and warehouse outsourcing while increasing operating income by over 18%.

Finance Manager – European Shared Services (2005 – 2008) Led a team of 7 financial analysts who supported over 50 markets throughout Europe, Middle East, and Africa. Performed accounting activities including monthly, quarterly, and year-end closings for 9 legal entities. Oversaw a $3 billion P&L with intercompany and third-party relationships from across the globe. Collaborated with internal tax and treasury teams as well as external auditors and financial institutions regarding specific cash management needs.

• Headed inventory accounting and analysis for $950M in inventory, including standard costing, variance analysis, inter-company profit analysis and eliminations, and management reporting.

• Improved overall month-end efficiencies by identifying key activities that reduced redundant processes and streamlined practices by effectively training local reporting offices to upload electronic data directly to SAP, thereby reducing the risk of manual input errors in the process.

• Served as the liaison with the local operating group in the region by understanding overall business needs and working with corporate tax, treasury, and controller’s groups to develop solutions to resolve problems while meeting compliance and audit guidelines.

EDUCATION:

International MBA (German track) – Emphasis in Global Finance University of South Carolina – Columbia, South Carolina https://www.usnews.com/best-graduate-schools/top-business-schools/international-business-rankings Bachelor of Science in Finance University of South Carolina – Columbia, SC

• Magna Cum Laude with Honors from the South Carolina Honors College TECHNICAL SKILLS & LANGUAGES: Microsoft Office (Advanced User) SAP Fluent in English and German. Basic knowledge of Russian.

ADDITIONAL:

**Recognized as a Covidien / Medtronic “High-Performing employee” in the EMEA Emerging Markets Region two years in a row.**

**15 years of knowledge in Life sciences / healthcare / pharma, including manufacturing and distribution Volunteer Treasurer of the local Little League program my children were a part of in Minnesota for four years. The organization’s president had stolen $50k from the league just prior to my joining, and I worked with the newly appointed president and local district attorney to prosecute the individual and recover nearly all the funds. https://www.youtube.com/watch?v=Xxad7_qm12Q Significant experience with ASC 606 (new revenue recognition standard) and experience with SaaS (software as a service) accounting.

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