Robert Krause

Robert Krause Email and Phone Number

Chief Financial Officer - Private Equity & IPOs
Robert Krause's Location
Keller, Texas, United States, United States
About Robert Krause

Manufacturing/Service finance executive with CPA and broad experience in Treasury, Finance and Controller's functions, including guiding Senior Management in making sound strategic financial decisions. Significant accomplishments relating to IPOs, acquisitions, divestitures and spin-offs in both international and domestic environments. Extensive technical skills and strengths in manufacturing operations, team leadership, banking relationships, quality, process improvements and customer service.- Treasurer- Chief Financial Officer (CFO)- VP - Finance- Controller- Initial Public Offerings (IPOs) - completed several in lead role- Budgeting & Forecasting- SEC Reporting- Mergers & Acquisitions (M&A) -- including spin-offs- Hedging (interest rate, foreign exchange and commodity)- Credit rating agencies relationships- Bank relationships- Stock (equity) capital raising- Bond and bank financings (including private placements)- Investments- Pensions, 401(k) plans- Financial Planning & Analysis (FP&A)- Cash Flow- Internal Controls- Sarbanes-Oxley compliance (SARBOX)- Enterprise risk management- Insurance- Investor relations- Executive presentations- Presentations to investors at investor conferences- Covenant compliance calculations- Shared services- Restructurings- Cost accounting- inventory control- road shows - debt and equity- Speaker at FEI Treasurer Conferences on "Value at Risk", "FX hedging strategies" and "Reg FD"- Turnarounds- Audit Committees- Taxes- global international- change management- accounts receivable- accounts payable- P&L responsibilitySpecialties: Treasurer Chief Financial Officer (CFO) VP-Finance IPO Initial Public Offerings Controller Budgeting & Forecasting SEC Reporting Mergers & Aquisitions (M&A) Capital Funding Credit Rating Agencies International Treasury Private Placements Risk Management Insurance Dallas Banking Relationships Investor Relations Purchase Cards Private Equity Controller Cash management investments electronic payments Hedging Sarbanes Oxley Pensions audit committee turnarounds tax international global ITsystems FP&A

Robert Krause's Current Company Details

Chief Financial Officer - Private Equity & IPOs
Robert Krause Work Experience Details
  • Reeder Distributor, Inc.
    Chief Financial Officer
    Reeder Distributor, Inc. Jul 2019 - Dec 2021
    CFO for $150 million privately-owned company engaged in the distribution of fuel, lubricants and automotive shop equipment (including installations). Additionally, Reeder offers fuel cards that function like charge cards that may be used at the Company's fuel locations as well as third-party locationsAs CFO, responsible for all accounting and finance functions including: banking relationships, financial reporting, insurance, forecasting, product line profitability, receivables, credit, payables and payroll Report to President.- Key leader in preparing financial statements, forecast models and reports to lenders.- Leader in financial audit which shows continuing and discontinued operations. Decreased timing of issued audit reports by over 6 months with no resulting audit adjustments impacting P&L for 3 audits. Had to prepare month-end close calendars and close processes since no reconcilements were completed for prior 10 months of fiscal year when I joined company. Completed all analyses needed for audit and monthly close process.- Responsible for submitting monthly Borrowing Base Certificates to lender.- Did $1.5 million PPP loan in April 2020 - and one of first loans forgiven and paid off in Nov 2020.- Calculated data for over $1 million in ERC -- tax credits.- Led insurance and employee benefit programs.- Coordinate resolution of payroll and tax processes with outside processor.- Responsible for closing and implementation of acquisition of equipment installation business from Public Company competitor.
  • Suntree Snack Foods, Llc And Southwest Commodities, Llc
    Chief Financial Officer
    Suntree Snack Foods, Llc And Southwest Commodities, Llc Oct 2017 - Jul 2019
    Responsible for leading financial function for $100 million maker of nuts, trail mixes, dried fruit and other snack food items. Key responsibility was to add stability to finance function and to prepare new financial models to support recapitalization by private equity owners (Satori Capital - Dallas). Recapitalization completed in March 2018. Responsible for diligence with new lenders and establishing new banking relationships. Also responsible for completion of audit.- Key leader in preparing forecast models and completing debt recapitalization and financing growth in sales from $50 to over $100 million. Also returned SunTree to profitable financial results.- Served as "communications bridge" with Private Equity Sponsor (Satori Capital).- Leader in due diligence and docs tih Gilbratar Business Capital with initial ABL of $8 million with increases to $16 million to support working capital needs associated with sales growth.- Responsible for submitting weekly Borrowing Base Certificates to lender and negotiating 3 increases in line to support sales growth.- Completed new banking structure with PNC and led insurance and employee benefit programs.- Completed year-end financial audit with no major adjustments including impairment reviews.- Coordinated new diligence and financial models with CRO teams at Conway MacKenzie and A&M.- Key leader in reviewing and implementing cost savings and product line profitability.- Coordinate resolution of payroll and tax processes with outside processor.- Led legal due diligence process to defend company for litigation started prior to my involvement with company.
  • Fwt Llc -- Affiliate Of Private Equity Group - $200 Million Revenue
    Executive Vice President & Chief Financial Officer
    Fwt Llc -- Affiliate Of Private Equity Group - $200 Million Revenue Oct 2011 - Oct 2017
    First full-time CFO for a manufacturing company supporting the utility and telecom industry. Responsible for all accounting and finance functions including: banking relationships, financial reporting, insurance, billing, forecasting, product line profitability. Also responsible for 2nd plant expansion including negotiating financing incentives and labor incentives with State of Ohio.Responsible for planning administrative support to the organization as it forecasts a doubling of revenue within a year and negotiating new credit facilities to support the growth.Also responsible for being a "bridge" between Company CEO and the Private Equity sponsor.Report to CEO.- Serves as first CFO to lead in company's growth.- Served as "communications bridge" between Executive Team (owners) and Private Equity Sponsor- Led negotiation for Company with State of Ohio Dept. of Development and State of Ohio Governor's Office in negotiating financial, labor and tax incentives for plant expansion into Ohio- Led team in new $37 million senior financing facility to fund growth. This facility was negotiated with a new lender to the company and allowed a larger facility along with reduced costs- Led team in completion of $7 million tax-exempt equipment bonds related to Ohio plant expansion. - Led team in completion of $7 million of tax-exempt bonds and notes to support real property acquisition, improvements and expansion for Ohio facility through negotiations with Dept of Development in the State of Ohio- Developed first annual budget process and refined monthly forecasting process- Individually led and completed process to extend line of credit for 2.5 years at nominal cost of renewal. This allowed the repayment of higher coupon debt and savings of more than $500k in interest per year.
  • Robert A. Krause, Cfo & Treasurer Consulting
    Consultant
    Robert A. Krause, Cfo & Treasurer Consulting 2010 - Nov 2011
    Provides Treasury, Finance, Accounting and Tax Services to corporations, not-for-profits, start-ups and women owned businesses.
  • Dyncorp International
    Vice President & Treasurer
    Dyncorp International Jun 2007 - 2010
    Mclean, Virginia, Us
    A $3.3 billion supplier of specialized mission critical services primarily to the U.S. Departments of Defense and State. (Public company affiliated with Veritas Capital - New York).; Responsibility for coordinating the efforts of the global Treasury function including: banking, investments, cash management, debt, capital structure, and risk management. Reports to Senior VP and CFO.- Refinanced $400 million in an expanded Credit Facility and $125 million add-on Senior Subordinated Debt in July 2008 to support growth, adding banks through personal relationships.- Achieved upgrades in debt and Credit Facility ratings in July 2008 and the Summer of 2009 (Investment Grade Rating).- Eliminated 25% of headcount while increasing output and increasing quality through restructurings. This included a total revision to the payment and wire processes to better serve operations.- Developed and implemented a new streamlined approach to daily cash forecasting.- Implemented 2 new daily sweep investments for excess cash.- Implemented new policies and procedures for compliance with Sarbanes-Oxley.- Streamlined the process for utilizing letters of credit to support business growth.- Achieved significant improvements in DSO as leader in cash flow initiative task force.- Applied and put into operation new banking and treasury structure for a $700 million joint venture.- Implemented new policies and procedures for compliance with Sarbanes-Oxley.- Involved in budgeting/forecasting and main communicator of forecasts to external bankers.- Implemented insurance policies to support contract demands and pricing objectives.- Created new purchase card program to support growth initiatives.- Reduced number of debit cards used by operations by 70% and reduced associated fees by 50%.;
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  • American Ironhorse Motorcycle Company, Inc
    Chief Financial Officer
    American Ironhorse Motorcycle Company, Inc Mar 2005 - May 2007
    A $100 million manufacturer of custom-built motorcycles sold to independent distributors.Responsible for coordinating the Controller and finance functions, operations budgets, risk management and Human Resources function. Reported to Chief Executive Officer.- Together with CEO, turned around operations to yield first meaningful profit in history. - Reduced inventory losses from $250,000 per month to less than $10,000 per month.- Negotiated increased credit lines to support growth.- Negotiated increased dealer floor plan lines from $25 million to $50 million.- Negotiated consumer retail financing program in 3 weeks totaling $25-$35 million.- Reduced monthly financial close process by one week by determining and implementing process improvements.- Prepeared month financial summary and variance analysis to discuss with Senior Management.- Revised annual budget and monthly forecasting processes. Established 5 year plan forecasts.- Managed relationships with external auditors and Board of Director's Audit Committee.- Achieved 25% decreases for insurance renewals while increasing coverage limits.- Key participant in preparation of Offering Memorandum and IPO documents for capital raising .- Developed Financial and Human Resource policy and procedure manuals.;
  • Collins & Aikman Corporation
    Senior Vp - Finance And Administration And Vp & Treasurer
    Collins & Aikman Corporation Oct 2002 - Mar 2005
    A $4 billion Tier 1 manufacturer of automotive interiors to car manufacturers (OEMs).As SVP- Finance had responsibility for coordinating the efforts of risk management, investor relations and facilities. Reported to Chairman. As VP & Treasurer had responsibility for coordinating the efforts of the global Treasury function including: banking, investments, cash management, debt, capital structure, leasing transactions, risk management and treasury operations (accounts receivable and accounts payable). Led Investor Relations and Media Relations functions with direct interface with Wall Street Research Analysts and investors. Reported to Vice Chairman and Chief Financial Officer.- Performed due diligence and implementation of international manufacturing plant acquisitions.- Achieved over a $1 million reduction in annual expenses and reduced headcount by 10 (20%), while increasing measurable statistics. Assumed responsibility for Treasury Operations (accounts receivable and accounts payable) and transitioned these functions.- Established international treasury center to support manufacturing operations and improve customer and vendor services.- Refinanced $400 million Senior Subordinated Debt and $675 million expanded Credit Facility. - Coordinated sales/leaseback financing transactions.- Managed foreign exchange exposures and operations with staff in Europe.- Responsible for preparing investor earnings calls and for coordinating and presenting investor industry conferences and road shows. - Reduced insurance costs by $3 million (20%) for December 1, 2004 annual renewals.
  • American Axle & Manufacturing Inc.
    Vp & Treasurer (Head Of Investor Relations And Chief Risk Officer) - Interim Cfo (1999)
    American Axle & Manufacturing Inc. Jan 1998 - Oct 2002
    A $3 billion Tier 1 manufacturer of automotive driveline systems and forged products to OEMs. (owned by The Blackstone Group)Coordination responsibility for the global Treasury function including: banking, investments, debt and capital structure, leasing transactions, foreign exchange, benefits, risk management, and payroll. Key leader in Initial Public Offering (IPO) process including SEC filings, road shows and valuations. Reported to EVP/ CFO.- Worked extensively with The Blackstone Group in the turnaround of the Company.- Involved in onsite operational reviews of domestic and international plants to drive improvements.- Implemented several manufacturing initiatives as a member of Senior Management Policy (7 members) and Operating Committees which set strategic and operational direction.- Led $119 million Initial Public Offering (IPO) of the Company on January 29, 1999.- Spearheaded $154 million follow-on equity offering in August 2001 and $256 million secondary offering in March 2002 including preparation and presentation of road show events.- Played key role and led team in two major amendments of $750 million Credit Facilitiess (over 50 institutions) to allow for significant new business growth, global expansion and IPO.- Significant leader for $300 million 10-year Senior Subordinated Debt Offering and road shows.- Upgrades in credit ratings received from Rating Agencies within one year of initial rating.- Managed 1999 lease financing program totaling $187 million- Integrated international manufacturing acquisition into operations to improve profitability. - Engaged in activity based costing initiatives to improve profitability and cost structure.- Supported team in financial reviews and valuations on 4 aquisitions costing $300 million.- Developed new Investor Relations web-site and outreach program which helped to increase stock price from $5.94 to $36 within 17 months and increased research coverage from 5 to 12 analysts.
  • Baxter International Inc.
    Director - International Treasury
    Baxter International Inc. Mar 1995 - Dec 1997
    Responsible for the oversight of the global international treasury operations, including: cash management (Belgium Coordination Center); determination of optimal capital structures for operations using intercompany and third party debt; coordination of the planning, review and execution of foreign exchange hedging strategies; and coordination of acquisition due diligence and integration. Reported to Corporate Treasurer. Implemented $1.5 billion foreign exchange hedging strategy and created foreign exchange hedging instruments generating annual cash savings of $3 million to better serve international operations. Created hedging and funding strategy for a $1 billion international acquisition which generated income savings of $28 million and cash savings of $100 million. Leader in transfer pricing efforts for international manufacturing tax havens and operations.Senior Quality Examiner leading plant reviews (3 years) - using Malcolm Baldrige quality criteria. Served as finance member on Steering Committee for the $1 billion acquisition of Immuno International AG and the $250 million acquisition of Bieffe Medital.Served as Treasury Coordinator related to the $2 billion spin-off of Allegiance Corporation.Managed bank relationships with more than 20 institutions in a $1.5 billion revolver.Director - Corporate Reporting and Accounting Policies
  • Baxter International Inc.
    Manager Corporate Reporting
    Baxter International Inc. Oct 1985 - Mar 1995
    Major responsibilities included the preparation and review of: SEC filings; Annual and Quarterly reports to stockholders; due diligence and implementation; reviews of Operating Groups financial results; planning and reviewing executive compensation strategies and development and review of accounting policies and procedures. Reported to Corporate Vice President and Controller. Recipient of "Finance Leadership Award" in 1995.Filed SEC documents for $3.8 billion acquisition of American Hospital Supply Corporation and $1 billion in related divestitures. Team leader in stand-alone creation of financials for Diagnostics subsidiary and its sale. Provided financial leadership in the $900 million spin-off of Caremark, Inc. and in the original $500 million pooling-of-interests acquisition.
  • Arthur Andersen & Co
    Experienced Senior - Cpa / Audit
    Arthur Andersen & Co May 1983 - Oct 1985
  • Nathan, Ettinger & Shewach, P.C.
    Senior Accountant - Cpa
    Nathan, Ettinger & Shewach, P.C. Jun 1981 - Sep 1982
  • Ernst & Whinney (Now Known As Ernst & Young)
    Audit Senior - Cpa
    Ernst & Whinney (Now Known As Ernst & Young) Jun 1978 - Jun 1981

Robert Krause Education Details

  • The University Of Michigan Graduate School Of Business
    The University Of Michigan Graduate School Of Business
    Finance
  • Valparaiso University
    Valparaiso University
    Accounting

Frequently Asked Questions about Robert Krause

What is Robert Krause's role at the current company?

Robert Krause's current role is Chief Financial Officer - Private Equity & IPOs.

What schools did Robert Krause attend?

Robert Krause attended The University Of Michigan Graduate School Of Business, Valparaiso University.

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