William G. Schmidt Email & Phone Number

Federal government contractor providing national security, information technology and facility maintenance and management services throughout the United States

Mountain View, California, Us

Utilized Intuit’s state of the art video communication software (SmartLook) to interact virtually with over 1,000 customers during 2020 tax season.

Privately-held property management company providing community and maintenance management services to condominium and multi-family units with a fair market value in excess of $500 million.Identify new products and services opportunities by participating in business development, technical school and community conferences and events.Develop and maintain collaborative relationships within the research, development, commercialization, finance and legal functions.Prepare and present business cases based on findings from competitive intelligence research and due diligence performed.Develop and execute corporate strategic initiatives in conjunction with the Board of Directors and senior management.Develop and implement marketing, branding and social media strategies to expand into other regional geographical locations.

Public utility with distribution assets and operating revenues in excess of $85 million and $37 million, respectively.

Public utility with distribution assets and operating revenues in excess of $37 million and $14 million, respectively.In January 2016, I was named Interim Chief Executive Officer of Jump River Electric Cooperative to manage the organization on a short-term basis.No rate increase since 2010.Maintained targeted financial, power reliability and safety objectives and standards. Developed and implemented a succession plan that included the recruitment and hiring of the Chief Operating Officer, Member Services Manager, and other key positions within the organization.

Public utility with distribution assets and operating revenue in excess of $95 million and $38 million, respectively.Decreased energy rates by 12%.No rate increase since 2010 (and energy rates were below competing investor-owned utilities at 1,000 kWh monthly usage).Improved equity ratio (as a % of assets) and equity dollars 14% and $18 million, respectively since 2009.Reduced long-term debt by $1 million since 2009 while adding over $16 million in system capital improvements.Maintained reliability indices in the top 25% quartile of industry.Improved member satisfaction (ACSI) and employee engagement scores.Realized significant operating efficiencies and enhancements with technology improvements, including BIS/CIS, GIS/OMS (Milsoft Outage Viewer on website), IVR, system-wide two-way metering/AMI conversion, and AVL.Implemented SmartHub consumer web portal, Meter Data Management (MDM), Prepay Your Way payment option with remote disconnect/reconnect, Call to Order board of director I-Pad app, website updates and social media.Developed and executive corporate strategic plans, objectives, initiatives and action plans in conjunction with Board of Directors, senior management and employees.Implemented Touchstone Energy's Strategic Execution System at Polk-Burnett, and promoted program across Wisconsin and nationwide.Implemented Proactive Perfomance Coaching program.

Deridder, La, Us

Public utility with transmission and distribution assets and operating revenues of $135 million and $81 million, respectively.Increased company annual sales by 25% (or 190 kWh) over three-year period.Increased equity ratio (as a percentage of assets) and equity dollars by 5.28% and $7.9 million, respectively.Managed the engineering and construction of a multi-million dollar project that was projected to increase company's operating margins by $7 million over 10 years.Implemented HD/HSA employee health insurance plan changes that saved $500,000 annually.Monitored and evaluated the results of a cost-of-service study and designed a rate structure that was competitive with large, neighboring investor-owned utility.Developed and executed strategic objectives, initiatives and action plans in collaboration with the Board of Directors, senior management and employees.

Start-up public utility with generation, transmission and distribution assets and operating revenues in excess of $300 million and $160 million, respectively. Contributed in transforming KIUC into the first electric cooperative in State of Hawaii (previously an IOU).No rate increase during my tenure.Negotiated the purchase of a 50 million generating facility that improved generating efficiency and increased operating margins by $3 million annually.Monitored, evaluated and implemented the results of a depreciation and cost-of-service studies that increased net income by $1 million annually.Prepared Equity Management Plan (financial forecast) and corresponding annual budgets designed to increase equity ratio from 0% to 25% in 10 years.Achieved equity ratio of 10.83% and accumulated $32 million in equity (undistributed net margins) without a rate increase within 3 years.Provided over $23 million to member-owners via direct (refunds) and/or indirect (efficiency savings) benefits.KIUC recognized by Solar Electric Power Association (SEPA) as #1 public utility for total solar electric capacity per customer.

Decatur, Tennessee, Us

Public utility with transmission and distribution assets and operating revenues in excess of $300 and $245 million, respectively.Prepared and negotiated the financing of a $54 million transmission and distribution facility loan package.Analyzed, initiated, negotiated and monitored the start-up 4 new business ventures (propane, natural gas, fiber optic, and internet services).Initiated a non-profit subsidiary that has contributed over $5 million to local charities since 2001 (with no impact on electric rates).Volunteer Energy was the first RUS (REA) borrower in the U.S.Volunteer Energy was recognized by Solar Electric Power Association (SEPA) as the #10 cooperative utility for total solar capacity.

Chattanooga, Tn, Us

Certified Public Accountants and Business Consultants, BDO Siedman Associate Member, Public and Private ClientsRecognized by Inside Public Accounting (IPA) as a 2017 IPA Best of the Best Firms (top 5% performing CPA firms in US based on more than 70 metrics)Co-managed nationwide government services business line that generated gross revenues of over $3 million in three years and increased firm's gross revenues by 33%.Managed financial statement and regulatory compliance engagements for a multi-tiered financial institution servicing 580,000 loans with a book value of $40 billion.Managed nationwide financial statement audit for a federal government program with assets and annual expenditure budget of $4 and $2 billion, respectively.Questioned costs of $15 million and presented recommendations to the Unites States Congress. Participated in 2 U.S. Department of Justice investigations.Co-authored audit guides for 2 major federal government programs.

Bachelor Of Business Administration (B.B.A.), Accounting And Finance

Master Of Business Administration (Mba), 36 Credits, Magna Cum Laude

Master Of Business Administration (Mba) Program, Mba Program