Michael Schostak

Michael Schostak Email and Phone Number

Elected Township Treasurer - Former Business Consultant & College Professor @ Bloomfield Township
Michael Schostak's Location
Detroit Metropolitan Area, United States, United States
Michael Schostak's Contact Details

Michael Schostak personal email

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Michael Schostak phone numbers

About Michael Schostak

Michael Schostak was appointed Bloomfield Township Treasurer in August 2023 after serving for seven years as a Township Trustee. As Treasurer, Michael serves as the Chief Investment Officer for almost $400 million of township funds while overseeing the collection of real property taxes and water bills for the township’s approximately 16,000 parcels and utility accounts.Michael was elected to the Bloomfield Township Board of Trustees in November 2016 and overwhelmingly re-elected in November 2020 and November 2024. In his capacity as Treasurer, Michael serves on the Financial Sustainability Committee and is a trustee of the Retired Employees’ Healthcare Trust. He also is the Township’s representative on the Bloomfield Historical Society board of directors.Michael has been principal of Schostak Capital Advisors since 2014, working with small and medium-sized businesses around the country and across a wide span of industries in the areas of business strategy and corporate finance.Previously, Michael was also Lecturer of Finance in the Ilitch School of Business at Wayne State University, where he taught courses in financial analysis and corporate valuation.Michael’s prior professional experience spans a wide variety of financial roles, including capital markets and mergers & acquisitions on Wall Street, corporate financial planning & analysis, and investor relations. Michael began his career at Booz Allen Hamilton consulting for the U.S. military and intelligence communities on matters of economic policy, financial analysis, resource planning, and capital budgeting.Michael Schostak earned his B.S. in Economics with concentrations in Finance, Management, and Real Estate from The Wharton School of the University of Pennsylvania and his M.B.A. at the Ross School of Business at the University of Michigan.Michael serves on the boards of several non-profit organizations, including Jewish Community Security Inc., the umbrella organization for the metro Detroit Jewish community’s physical security apparatus.Most importantly, Michael is the proud father of two children.

Michael Schostak's Current Company Details
Bloomfield Township

Bloomfield Township

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Elected Township Treasurer - Former Business Consultant & College Professor
Michael Schostak Work Experience Details
  • Bloomfield Township
    Township Treasurer
    Bloomfield Township Aug 2023 - Present
    Bloomfield, Michigan, Us
    The Township Treasurer is the Chief Investment Officer and steward of $400 million in Township assets. I also am an officer of the Township involved in setting and implementing policy for the township government. Bloomfield Township, MI has 44,000 residents and is 26 square miles in size, located in Southeastern Oakland County.
  • Bloomfield Township
    Trustee
    Bloomfield Township Nov 2016 - Aug 2023
    Bloomfield, Michigan, Us
    The Township's four elected Trustees sit on the Township Board along with the three Township officers. Together, they act as the Township's major policy-making body as well as exercise legislative functions. As private citizens, the Trustees are committed to maintaining the desirability of their home community and enhancing its uniqueness.
  • Schostak Capital Advisors
    Managing Member
    Schostak Capital Advisors Sep 2014 - Present
    We provide management consulting and transaction advisory services to small and medium sized businesses across industries. We specifically focus on areas financial in nature such as top-line growth, cost reductions and driving profitability, to improving cash flow management. We offer business planning and transaction structuring services as well. We can help companies in the process of raising capital and advise as to strategy and structure, but we do not raise capital or act as an underwriter or broker/dealer of corporate securities.Recent engagements include clients in the technology/internet, sports, food & beverage, real estate and franchising industries.
  • Wayne State University - Mike Ilitch School Of Business
    Lecturer Of Finance
    Wayne State University - Mike Ilitch School Of Business May 2015 - Dec 2019
    Detroit, Michigan, Us
    Lecturer in the Finance department of the Wayne State University- Mike Ilitch School of Business. I teach undergraduate and graduate level courses in applied financial analysis and corporate valuation using an original curriculum of customized case studies and Excel modeling. I was honored to receive the Sue Garr Award for Innovative Teaching in the Fall of 2016.
  • Bbd Ventures
    Vice President, Business Development
    Bbd Ventures Apr 2012 - Aug 2014
  • Energy Conversion Devices
    Director Of Business Development & Communications
    Energy Conversion Devices May 2011 - Apr 2012
    Us
    Energy Conversion Devices was a publicly held technology company focused on developing innovative renewable energy products, most notably flexible solar energy panels and nickel-metal hydride batteries primarily used in hybrid electric automobiles. The company filed for Chapter 11 bankruptcy on February 14, 2012.I was responsible for overseeing corporate communications, both internal and external, corporate marketing and corporate M&A activities. I directed all of the company's communications leading up to and during its Chapter 11 bankruptcy, including investor relations, employee communications and public relations. I also led the corporate marketing team in assisting the sales organization to grow revenue during the period leading up to the bankruptcy. Simultaneously, I worked with our investment bankers on attempting to sell the company prior to the bankruptcy filing.
  • Energy Conversion Devices
    Head Of Investor Relations
    Energy Conversion Devices Jun 2010 - May 2011
    Us
    Energy Conversion Devices was a publicly held technology company focused on developing innovative renewable energy products, most notably flexible solar energy panels and nickel-metal hydride batteries primarily used in hybrid electric automobiles.In this role, I directed the company's investor relations efforts including management of the company's quarterly earnings calls and maintaining an on-going dialogue with equity research analysts and institutional investors. We also had a large retail shareholder base that required due attention. This position required me to ensure compliance with all NASDAQ and SEC reporting procedures.
  • Energy Conversion Devices
    Manager Of Financial Analysis
    Energy Conversion Devices Jun 2009 - Jun 2010
    Us
    Energy Conversion Devices was a publicly held technology company focused on developing innovative renewable energy products, most notably flexible solar energy panels and nickel-metal hydride batteries primarily used in hybrid electric automobiles.My first role with this company was in the corporate finance group performing various analytical functions for the management team. I prepared period-end variance analyses, capital expenditure business cases, long-run strategic planning models, breakeven analyses, pricing analyses and budget preparation reports. I also provided analytical support to the company's due diligence team in the acquisition of Solar Integrated Technologies.
  • Dm3 Investments Llc
    Principal And Chair Of Investment Committee
    Dm3 Investments Llc Feb 2007 - Jun 2009
    DM3 Investments acquired, improved and managed distressed residential real estate in the Metro Detroit area. The company also had a home remodeling business that made improvements to non-company owned homes.As a principal of the company, I oversaw all financial affairs and day-to-day operations of the business and led the company's efforts to raise investor capital. I also chaired the company's investment committee.
  • Lehman Brothers
    Associate, Investment Banking
    Lehman Brothers Aug 2005 - Feb 2007
    Us
    Lehman Brothers was a premier investment bank with a 150-year history of providing a broad range of financial services to clients worldwide.As an associate in the investment banking division, I worked on corporate M&A and capital markets transactions for leading global enterprises in the technology, defense, real estate and financial institutions industries.Representative Deal Experience:• Team member, The Blackstone Group’s $4.3 billion acquisition of Travelport and high yield financing (July 2006)• Team leader, Neoware (NWRE) $76 million follow-on equity offering (Feb 2006)• Team member, Scottish Re (SCT) $300 million follow-on equity offering (Dec 2005)• Team member, Primus Guaranty Ltd. (PRS) $150 million IPO (Oct 2004)
  • Booz Allen Hamilton
    Consultant, Economic & Business Analysis
    Booz Allen Hamilton Feb 2002 - Jun 2003
    Mclean, Va, Us
    Booz Allen Hamilton is a leading provider of management consulting, technology, and engineering services to the U.S. government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations.As a member of the EBA team, I provided strategic financial advisory services to various U.S. defense and intelligence clients. I was granted a Top Secret security clearance.Representative Client Projects:• I worked on the business case for the largest military technology outsourcing contract to-date• I represented military clients on several Dept. of Defense committees relating to information strategy policy and e-business initiatives. Many of my analyses were used by my clients to brief senior DoD officials, the Secretary of Defense and the U.S. Congress.
  • Schostak Enterprises Llc
    Principal/Consultant
    Schostak Enterprises Llc May 2000 - Jan 2002
    I was an independent corporate finance, business planning/strategy and venture capital consultant specializing in internet and technology companies. I worked with several start-ups on developing business plans and helping them raise capital.
  • Advance Media Group
    Co-Founder/Chief Operating Officer
    Advance Media Group Jul 1999 - May 2000
    Advance Media Group was a media and marketing company using a variety of ways to interact with the 18-24 age demographic.My responsibilities included managing the day-to-day operations and strategy development of the company. I wrote the business plan, pitched potential investors and raised $500,000 in seed capital.

Michael Schostak Skills

Strategy Venture Capital Mergers And Acquisitions Private Equity Management Financial Modeling Due Diligence Financial Analysis Investor Relations Business Development Finance Leadership Business Planning Start Ups Capital Markets Management Consulting Strategic Financial Planning Corporate Finance Investment Banking Team Building Marketing Strategy M&a Experience Cross Functional Team Leadership Corporate Communications Real Estate Solar Energy Restaurants Private Companies Analysis University Teaching Valuation Corporate Development Competitive Analysis Marketing Management Real Estate Transactions Investments Executive Management Capital Structure Public Companies Defense Industry Clean Technology Solar Real Estate Investment Team Leadership Ipo Local Government Politics Public Policy

Michael Schostak Education Details

  • The Wharton School
    The Wharton School
    And Real Estate
  • University Of Michigan - Stephen M. Ross School Of Business
    University Of Michigan - Stephen M. Ross School Of Business
    Master Of Business Administration (Mba)
  • Cranbrook Schools
    Cranbrook Schools
    High School Diploma
  • Hillel Day School
    Hillel Day School

Frequently Asked Questions about Michael Schostak

What company does Michael Schostak work for?

Michael Schostak works for Bloomfield Township

What is Michael Schostak's role at the current company?

Michael Schostak's current role is Elected Township Treasurer - Former Business Consultant & College Professor.

What is Michael Schostak's email address?

Michael Schostak's email address is mi****@****tak.net

What is Michael Schostak's direct phone number?

Michael Schostak's direct phone number is +124884*****

What schools did Michael Schostak attend?

Michael Schostak attended The Wharton School, University Of Michigan - Stephen M. Ross School Of Business, Cranbrook Schools, Hillel Day School.

What are some of Michael Schostak's interests?

Michael Schostak has interest in Social Services, Children, Economic Empowerment, Civil Rights And Social Action, Politics, Education, Environment, Science And Technology, Human Rights, Arts And Culture.

What skills is Michael Schostak known for?

Michael Schostak has skills like Strategy, Venture Capital, Mergers And Acquisitions, Private Equity, Management, Financial Modeling, Due Diligence, Financial Analysis, Investor Relations, Business Development, Finance, Leadership.

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