Michael M. Email & Phone Number

Dallas/Fort Worth Area

My current focus is to manage a $550MM spend portfolio for all non-dairy ingredients covering 82 plants. Leading a team consisting of two Category Managers• Leading the procurement, and supply chain function for 3,500 ingredients from over 500 suppliersincluding sugar, corn syrup, cocoa, vanilla, stabilizers, flavors, colors, fruit and all ice cream inclusions.• Risk managing the sweetener and cocoa exposures by building and executing sound strategies to protect the business against supply and financial risks.• Leading transformational change within the procurement team through supplier relationshipmanagement, creating strategic alliances with key suppliers to drive innovation and cost savings.• Driving multiple value engineering and productivity projects through strong collaboration with the R&D and Marketing functions creating cost savings of several millions of dollars each year.

Plano, Tx

Managed a $480MM portfolio spend for Frito-Lay seasonings, dairy and ingredients.• Managed the procurement function of all dairy and non-dairy seasonings in addition tovegetables, cocoa and chocolate.• Risk managed the dairy portfolio and all components for seasonings and Tostitos dips such asblock and barrel cheese, Monterey jack cheese, whey, NFDM, buttermilk and WPC.• Managed all the non-dairy seasonings with key global suppliers for all Frito Lay salty snacks.• Led multiple productivity initiatives for cost savings with key global suppliers through strong collaboration with R&D and Marketing.

Plano, Tx

Sr. Manager, Ingredients Procurement (May 2013- October 2017)Managed $150MM of spend for the Frito-Lay ingredient procurement and supply chain functionfor co-packers and direct manufacturing within the Frito Lay & Quaker networks.• Managed the procurement function of all nuts, vegetables, fruits, sweeteners, eggs andchocolate and other ingredients necessary for the snack nuts, salty snacks, cookies, and Tostitosdips businesses.• Ensured consistent and high-quality supply to several direct manufacturing and co-packfacilities within the PepsiCo network.• Managed price volatility with consistent extensive fundamental market analysis throughcollaboration with suppliers, growers and brokers.• Developed and managed contracts and RFP’s with the most viable suppliers, while maintainingeffective and ample supply at the lowest possible cost.• Worked cross-functionally to support and drive productivity and innovation throughcollaboration with R&D and marketing, co-packer supply chain functions, ingredientspecification consolidation efforts, and new supplier approvals.• Developed and drove business continuity supply plans for every ingredient by locating alternativeSuppliers and managing the approval process for multiple suppliers to improve supply risk mitigation.• Developed and communicated financial forecasts to the organization’s finance functions tomaintain visibility to costs as compared to budget for the business.

Plano, Tx

Managed all energy fuels contractual risk and provide support for natural gas, CNG and biomass projects for all 140 plus manufacturing sites in the U.S. and Canada.•Manage physical natural gas contracts for 150 manufacturing sites and several large distribution centers in North America.•Manage natural gas basis risk to provide effective productivity through knowledge of natural gas production, supply/demand and transportation fundamentals.•Leading the contract negotiations for one of the largest compressed natural gas (CNG) fleet roll out in North America. The compressed natural gas tractor implementation is projected to produce millions of dollars of productivity over the next five years.•Provide support to the PepsiCo Sustainability organization on biomass projects by providing analysis to verify projects, contracting with the supplier(s), and managing the relationships with the supplier

Plano, Tx

Managed and developed energy price risk strategy for PepsiCo for all manufacturing sites in the U.S. and Canada. Lead the energy team to deliver key business objectives for the energy procurement function.• Managed price risk for $80MM of natural gas and $525MM of motor fuels exposure for 150 manufacturing sites and the PepsiCo freight fleet in North America.• Reported financial energy forecasts and budget plans for all divisions and managed price variance vs. planned budget. Communicated results to upper level executives on a periodic basis.• Informed upper level company executives regularly on market fundamentals, risk to plan and technical aspects of the markets to support rational strategy recommendations.• Lead the contract negotiations for one of the largest compressed natural gas (CNG) fleet roll out in North America that has yielded over 12 million dollars of productivity. • Created an innovative strategic purchasing plan for physical electricity exposure for manufacturing sites.

Plano, Tx

Managed the Frito Lay corn, cornmeal, flour and wheat price risk, procurement and supply chain for all manufacturing sites in the U.S. and Canada.• Gained valuable knowledge on the fundamentals of the U.S. and global grain markets and the interrelationships with other commodities.• Responsible for managing the wheat and cornmeal supplier relationships and supply chain, ensuring that all plants received high quality supply in a timely manner through a purchase order process.• Managed the cornmeal, flour and wheat price risk through booking basis, feed values and the commodity through multiple suppliers.• Negotiated more favorable milling tolls and conversion rates with suppliers and successfully modified the mix of supply to optimize the portfolio, creating $5MM of annual productivity.• Worked with R&D on innovation projects to manage the supply, quality and price aspects of the projects.• Utilized financial instruments to effectively manage the Frito Lay corn price risk.

Plano. Tx

Supported energy price risk management within PepsiCo for all manufacturing sites in the U.S. and Canada using financial derivative instruments. • Assisted with building strategy through extensive fundamental analysis of the natural gas and crude/product markets.• Managed the execution plans to follow corporate approved strategy and monitored the positions against physical exposures for several business units.• Created and reported financial energy forecasts and forward exposure vs. planned budgets for all divisions.• Informed company CFO’s regularly on current positions relative to market and plan, provided sound analyses on market fundamentals and price trends, and provided tactical recommendations to protect against price volatility.• Conducted weekly energy updates for internal stakeholders and key external suppliers outlining the fundamental, geopolitical and technical aspects of the crude, products and natural gas markets.

Dallas, Tx

Ensured energy delivery requirements and key metrics were met for a wide variety of TXU Energy’s strategic account customers in the commercial and industrial segments. • Managed $120MM of gas and electric expenditures for Unilever’s North American manufacturing plants and oversaw another $105MM of energy expenditures from several clients within my team.• Served as a team leader and mentor for three associates to drive business goals.• Conducted energy request for proposals, contract negotiations, bill auditing, risk management, and tariff reviews for 110 locations in the United States and Canada.• Consistently worked with energy marketers, utility representatives and plant contacts to ensure effective energy management for TXU clients.

Kansas City, Mo

My responsibilities entailed managing the energy operations for up to 125 industrial plants across the United States.• Developed individual strategies for managing energy risk in a volatile price environment for several facilities, resulting in millions of dollars in cost avoidance in a collaborative environment.• Managed energy procurement through analyzing supplier capabilities, submitting requests for proposals, and awarding and negotiating contracts.• Managed $25MM worth of electrical expenditures. Ensured that all locations were being served on the correct rate from the most cost-effective suppliers.

Kansas City, Mo

Regional Account Manager (1999-2000)Managed the largest industrial customer accounts in the KCPL utility footprint.• Presented creative solutions on utility tariff programs with executive level contacts to help maintain the electrical grid.• Created and maintained business relationships with assigned customers and effectively managed through electrical issues and outages. • Conducted extensive phone communication with the one-thousand of the largest utility customers to offer programs, manage issue resolution and to answer rate structure inquiries.Business Consultant (1997-1999)Recruited to the newly formed KCPL Business Center to provide a new service for the top 10% revenue customers within the service territory. •Improved internal productivity by streamlining annual usage reports and rate analyses. Trained ten team members how to use the new process, resulting in higher service to customers.•Monitored several hundred accounts to ensure correct metering, billing and rate classes.

Bachelors Of Science, Geography And Finance

Mba, Finance

Earned an MBA

Bachelor Of Science, Geography

Activities and Societies: Economics ClubEarned a Bachelor of Science Degree

Master Of Business Administration - Mba, Fionance

Master Of Business Administration - Mba, Finance, General

Master Of Business Administration - Mba, Finance, General

Master Of Business Administration - Mba, Finance, General, 3.6