Michael Skehan Email & Phone Number

Detroit, MI, US

Detroit, Michigan, US

Detroit, Michigan, US

Detroit, Michigan, US

Directed team responsible for leading financial assessment of enterprise-wide strategic initiatives, shareholder activism and M&A transactions.

Detroit, Michigan, US

Assessed strategic fit and economic impact of potential M&A/investment/partnership opportunities across the organization, in line with current and future business objectives (e.g., autonomous, electrification, TaaS, etc.).Key Deals:- Divestiture of GM's European auto business to PSA Groupe- Acquisition of Strobe, LiDAR sensor-tech company- SoftBank’s.

Detroit, Michigan, US

• Executed GM’s global financial hedging strategy, including monthly recommendation and subsequent purchase of new derivative instruments, and management of existing portfolio of options and forwards.
• Executed FX spot trades in ~20 global currencies via electronic trading platform (FXall), totaling upwards of $100M weekly.
• Delivered regular financial reporting as it relates corporate hedging & foreign exchange impacts (budgeting, cash-flow forecasting, P&L, etc).

Detroit, Michigan, US

• Oversaw the company's global financial counterparty credit risk, covering approximately $30B in operating cash, investments and derivatives exposure.
• Managed and monitored Letters of Credit issued under the company's $12.5B global revolving credit facility.
• Reduced quarterly LC invoice reconciliation process by over 50% (1 month) by developing model to compare GM record to creditor invoices and automatically calculate daily LC utilization.
• Revised corporate Financial Counterparty Risk policy, approved by GM CFO.

Detroit, Michigan, US

• Advised business on various issues, from service contract negotiations to review of $500M+ in global tooling purchases.
• Served as Tax SME to coordinate between business and IT during development of SharePoint-based solutions to track and manage data for global economic incentives and quarterly FAS5 (ASC 450) reporting.
• Drove process restructuring for vendor tooling purchasing reviews, including purchasing detail template layout, scope of Tax Staff review and appropriate workflows.

Detroit, Michigan, US

• Lead cross-functional business case development and approval for OnStar pricing and promotions.
• Financial lead on key initiatives to boost profitability on core business, including insurance company partnership, a “Summer Pass” remarketing campaign and first price increase to core services in 5+ years.
• Launched process for implementation of electronic Pricing Notice of Decision (PNoD) approval / storage and migration of historical (paper) PNoDs to online database.

Detroit, Michigan, US

• Responsible for budgeting, forecasting and accounting entries related to $80M (revenue) wireless telephone business (HFC – Hands Free Calling) and $30M (structural cost) marketing organization.
• Improved processes and communication with business partners to reduce quarter-end forecast variances from nearly 100% to below 5% with less time.
• Drove analysis resulting in HFC revenue per sale increase of over 15% in inbound sales channel, estimated to create $1M in incremental revenue annually.

Detroit, Michigan, US

• Assessed & documented appropriate accounting treatment for all North American non-vehicle leasing (NVL) transactions.
• Increased efficiency through various process improvements, including design and implementation of new leasing transactions tracking sheet & development of ‘New Employee Training’ PowerPoint presentation.

Las Vegas, Nevada, US

• Worked as part of executive team to develop strategy, content, and marketing efforts for internet radio station with over 2 million listeners.
• Researched and prepared stories to be posted on idobi website, communicating as required with established artist public relations and management personnel.
• Scheduled and coordinated event coverage, interviews, and media passes for global staff located throughout North America, Europe, and Australia.