David Yarmuth, Cebs, Ccp Email & Phone Number

Cary, Nc, Us

Geneva, Switzerland, Ch

Nashville, Tennessee, Us

Description: I was recruited to build a total rewards function and challenged with establishing the benefits strategy, design, implementation, financing, and administration for the Company’s comprehensive portfolio of benefits with a $525M annual spend covering over 25K active teammates and 55K retirees, representing $3.5B in benefit obligations. Highlights:-Generated $115M in cost savings by spearheading the redesign of medical and prescription drug benefits. -Campaigned the C-Suite, Compensation Committee, and Business Unit Leadership to gain approval. -Introduced a communication roadmap to maintain internal culture, stability, and company reputation-Engineered a strategic planning and execution effort to harmonize, simplify, and de-risk $1.2B of pension liability for over 14,000 retirees. 2021 P&L savings were $40 million.-Delivered $60M in savings by leading the Total Rewards strategy for the 2022 United Steel Workers master contract negotiations, delivering favorable terms while maintaining strong working relationships with key USW stakeholders. -Collaborated across the organization, working with each business unit, the finance group, and the C- Suite.-Introduced an automated solution to consolidate pension administration across the enterprise, navigating a unionized workforce environment to build trust, and save $1M in annual cost.-Reinforce continued governance and process control improvements as a member of the Healthcare Steering Committee, Pension Investment Committee, 401(k) Committee, and Benefits Appeals Board. Regular presenter at the Compensation Committee meetings.

St. Louis, Mo, Us

Description: I was recruited from Ford to lead global benefits programs covering over 110K active and 20K retired associates; Major focus on reducing risk and redesigning underperforming programs. Highlights:-Led the global benefits redesign, vendor negotiations, and implementation resulting from the spin-off of the Emerson Network Power business unit.-Leveraged a multi-national pooling strategy across EMEA and APAC regions providing employees with improved benefit coverage, while lowering overall business insurance risk, and more effectively utilizing budgeted benefits spend.-Navigated relationships with a business unit leadership team and employee union in the Netherlands, advising on opportunities to migrate from a traditional pension plan to a market competitive sustainable design to save cost (reduced by 25%).-Led the redesign and de-risking of pension benefits in the U.K. saving the company $20M at implementation and an additional $4M annually.

Dearborn, Michigan, Us

Description: I joined the auto group and immediately began leading benefits negotiations with unions, navigating significant cost-cutting efforts while maintaining relationships with key stakeholders.Highlights:-Managed the Global Benefits Steering Committee charged with governing international benefit program design and funding. -Directed the strategic design and implementation of hourly U.S. separation programs, reducing headcount by over 30% and delivering $600M in annual savings.-Succeeded in countering a $95M contract dispute with the United Auto Workers (UAW).-Negotiated a redesigned benefits portfolio with Volvo Cars leadership during the spin-off of the business unit. -Generated $700K annual cost savings and sustainable benefit programs post-divestiture.

Bachelor Of Business Administration - Bba, Finance

Master Of Science - Ms, Finance