Joe Hanneman Email & Phone Number

Saint Paul, Mn, Us

Minneapolis, Minnesota, United States

I serve as a trusted advisor, consultant, mentor and guide to the leadership team to help stabilize and position businesses to thrive and grow. I leverage my 30+ years of experience as CFO and CEO of diverse, high-growth companies from $6M to $200M in revenues to significantly increase the value of businesses and help companies to profitably grow. Deep experience in manufacturing, printing, rubber, plastics, insurance with involvement in the banking industry.Knowledgeable about all financial aspects of a business with a full understanding of how to drive growth and profit through the operations of the business in order to build a strong financial foundation for private, ESOP, family owned, and private equity businesses. I assess and improve the financial systems, people, process, governance, policies and procedures in collaboration with other board members or executive leadership teams to significantly improve their business and build a solid foundation for growth.

Reell is a $35M ESOP owned, extremely well-run complex international company recognized for its design and manufacturer of custom hinges, wrap spring clutches, precision springs and wire forms to meet the most demanding motion control and positioning applications. Reell serves a diverse and ever-growing number of industries. My governance role on the board has been broad with a particular focus on the financial areas of the company where I have made a strong contribution since joining.

Minneapolis, Mn

Taylor is a $2B Privately owned printing company that provides a diverse set of printing/visual impression products, services and technologies to power the potential of the world’s leading brands. Using the latest printed and digital methods, we facilitate visual marketing communications of all types for businesses and consumers across a wide range of industries. My role was focused on the large Visual Impressions Business unit spread across the US.

Minneapolis, Minnesota, United States

The Bernard Group is a 100% ESOP owned company that is a large format digital printer and semi-permanent display/fixture manufacturing company for fortune 500+ companies. 850 Employees and four locations.TBG is an industry leader in the visual merchandising space that consistently exceeds customer expectations at executing on complex ideas/concepts from design to manufacturing. • Lead company through revenue growth of 20%+ four years running.• More than doubled EBITDA in three years.• Educated and trained the accounting/estimating and purchasing departments in how to operate efficiently, smartly with cost reduction measures• Revamped entire Sales commission scheme resulting in rewarding sales reps more directly for their contribution to the bottom line which resulted in savings to the company • Mentoring roles to the Management team and direct reports

Burnsville, Minnesota, United States

Privately held businesses, Caliber makes plastic parts and Elastech imports rubber-molded parts. Caliber is an industry leading company that makes plastic parts for the powersports and marine industries. We are known for our own Caliber branded parts we make for the snowmobile trailer industry. Caliber has a majority share of the snowmobile trailer industry and an excellent reputation for high quality parts and an innovative approach to solving our customer’s problems.Elastech has spent a considerable amount of resources and time qualifying suppliers overseas and developing relationships such that we have a proven successful methodology in place for importing rubber parts. This allows Elastech to obtain favorable pricing for high quality parts and pass those savings onto our customers. We have a custom and a standard parts division. As President of Caliber and Elastech, I am responsible for all aspects of the businesses, which includes sales growth, financial health, operational efficiencies, strategic planning and implementation, new product development, hiring, and development of key suppliers. • Achieved record sales & profit growth during the past four years• Achieved 50% growth in sales in first year, four year average of 22.3%• Significant increase (4X+) in profitability for both companies• Produced first ever profit at Elastech within first six months• Significant improvement in operational efficiencies/utilization• Directly responsible for winning new customers• Refined sales strategy resulting in winning of new business• Implemented infrastructure in all areas of the company• Revised financial policies bringing creditability and stability to the financial area• Increased sales with current customers by mining new business within.• Lead effort to increase overall company communication and trust

Shakopee, Minnesota, United States

Privately held business that makes precision custom rubber molded parts. Lead complete turn-around of Rii with an increase in sales of over 33%. This included winning new business, lean initiatives, customer profiling, expense reduction, operational efficiencies and establishment of a strong executive team. Significantly increased profit under some very difficult industry and company circumstances. Established corporate culture, strategic planning, mission statement and the setting of key performance indicators (KPI’s). The Rubber Industry is an established industry and the company must be lean and mean to compete and win business domestically and abroad.Rii is a precision molder of customer rubber parts that has been in business since 1969. Rii has 37 injection, compression, transfer, and liquid injection presses with an array of other auxiliary equipment to support customers. Rii is vertically integrated with in-house capabilities in developing compounds (develop the formula and mix our own rubber), tooling design and manufacturing, rubber manufacturing, and quality assurance (ISO 9001-2008) while offering a superior customer service experience. • Achieved 33% growth in sales over a two-year period despite a tough economy and an industry with over-capacity.• Brought company back to profitable levels with a significant increase in profit. • Lead the win of the largest, $4M potential, piece of business the company has ever won. This will increase the size of the company over time by 50%.• Significantly increased sales with current customers by mining new business within.• Lead operational efficiency/lean initiatives in a highly tenured work force• Dealt with illegal immigration work force issues• Managed through the highest material price increases in company history• Established a strong functional Executive Team • Lead effort to increase overall company communication and trust• Lead initiatives to eliminate and reduce unneeded expenses

Shakopee, Minnesota, United States

A $450M+ private equity owned world-class full service printing company. IPS is a sheetfed/UV/screen/digital/POP/flexography printer with 1,500+ employees, a 1M square ft. state of the art facility with sales offices located throughout the U.S. IPS is the largest sheetfed printer in the seven state region and one of the largest in the U.S. The CFO role managed all financial and IT aspects of the company and reported directly to the owner/CEO. Managed through a very high growth period (annual sales growth rate of 22.7%) taking the company from $30M to $140M in sales in less than ten years.• 4.7X increase in sales since 1999• 11X increase in profit since 1999 (CAGR = 27.2%)• 18.5X increase in value of business since 1999• Successful analysis/purchase of over $52M worth of capital equipment• Raised $12M in financing via new banking relationship• Responsible for purchase of new 400,000 facility and related funding of building valued at over $25M• Successfully managed highly leveraged debt environment• Reduced days to close from 20 to 5• Performed due diligence relative to acquisitions• Reduced debt levels by 41% in ten months• Total re-organization of the finance and IT departments• Authored and introduced the monthly “Executive Management Information” booklet

Bloomington, Minnesota, United States

A $150M Subsidiary of United Technologies, a $50B Publicly Traded Company(Originally owned by Williams PLC, a $4B Publicly Traded United Kingdom Company)Detector Electronics Corporation (DEC) is a worldwide manufacturer of high-tech flame and gas detection equipment for commercial application, with corporate headquarters in Bloomington, MN, two subsidiaries, (United Kingdom and Scandinavia) and sales offices throughout Europe, Russia, Asia, Latin America and the Middle East. The CFO role within a Williams company was extremely demanding and broad. I reported to the President of DEC with a very strong line to the CFO of Williams PLC. • Grew revenues by 7.5X while increasing profits 12.5X• Reduced overall overhead expenses from 55.2% of sales to 41.4% of sales• Saved $7M or 32% of purchase price on one acquisition by uncovering forecasting error during Due Diligence• Hired as the Controller and within five months was promoted to the CFO.• Due diligence for five acquisitions and one divestiture• Assimilation of five acquisitions and one divestiture into the business • Served on “Investment Presentation Team” presenting financial and operations results to high-level investment Managers from London to help raise capital.• Chaired the Strategic Planning process and drove results through to the bottom line• Negotiated/drafted several key Strategic Alliances in the Far East (Singapore)• Functioned as interim President of DEC during illness• Extensive IT/Systems Implementation experience and knowledge• Complete re-training/hiring of finance staff/new procedures

Minneapolis, Minnesota, United States

A $30M Property and Casualty Insurance Brokerage Company. Reporting directly to the President of the company I was the top financial person responsible for all accounting and IT functions within the Central Division.

Minneapolis, Minnesota, United States

Experience auditing and understanding how companies function at an early stage of my career was invaluable and I am forever grateful for the opportunity to work for and be associated with Deloitte.

Mini-Mba

Bachelor Of Business Administration - Bba, Accounting