Steven Seelig Email & Phone Number

Newcastle Upon Tyne, Gb

Downers Grove, Illinois, Us

Direct the worldwide tax function for a global plastics distribution business following the 2019 sale of the company’s plastics business line to a new company, Nexeo Plastics. Prior to the 2019 sale of Nexeo Solutions to Univar and the disposition of the plastics business to Nexeo Plastics, directed the worldwide tax function for a global chemicals and plastics distributor with operations in 20+ countries and 40+ US states, with the support of eight US staff and three European staff. Created the company’s tax function from scratch in 2012, including the hiring and development of the US tax personnel. Developed all global tax policies and procedures including those covering financial reporting for income taxes.Responsible for worldwide tax planning, provision, transfer pricing, compliance and development of the company’s global tax strategy including structuring for US stock acquisitions by a US partnership and the subsequent transfer of acquired assets to the partnership while avoiding current US taxation. Oversee all tax due diligence and integration activities for US and foreign acquisitions.Managed the legal entity structuring and tax planning for the company’s 2019 merger with Univar and the subsequent sale of the plastics business line in North America, Europe and Asia to Nexeo Plastics; after transitioning tax matters to Univar, moved the legacy tax function to Nexeo Plastics.Developed the structure to combine the legacy Nexeo and Univar US chemicals businesses in a tax-free manner, avoiding $100+ million in federal and state income taxes.Managed the legal entity structuring, tax planning and tax related financial reporting for the company’s 2016 merger with WL Ross Holding Corp, a publicly traded blank check company.Oversaw development of financial reporting for income taxes and implementation of tax related SOX controls leading up to the company’s initial and ongoing SEC reporting obligations.

Following the company's 2010 acquisition by Schlumberger, managed the reorganization of Smith’s legal structure to move foreign subsidiaries, assets and intangible property located in 80 countries out from under Smith’s US parent to remove future earnings from US taxation.Prior to Schlumberger, directed the international and foreign tax function for Smith International Inc. and its 60% joint venture, M-I SWACO (both oilfield service companies maintained separate operations in 80 countries and had combined revenues of $8 billion). Responsible for global tax planning and operational support. Supervised two tax managers and five staff in the US, and indirectly supervised eight non-US tax managers in various regions throughout the world.Managed tax due diligence and tax integration of foreign target companies and foreign subsidiaries of US target companies for acquisitions ranging from $5 million to $3.2 billion, and managed structuring and implementation of tax-efficient financing arrangements for acquisitions. Provided operational support to foreign locations, including determination of foreign legal structure for subsidiaries, partnerships and branches; contract reviews; entity capitalization; and management of excess cash using dividends and intercompany loans. Oversaw transfer pricing function, including pricing adjustments for intercompany sales of products and services to maintain targeted foreign margins. Defended the company during US and foreign tax audits.Developed presentations and trained foreign controllers and tax managers on various tax topics including US international taxation, US GAAP tax provision matters and transfer pricing. Reviewed foreign components of US federal tax return.Oversaw development of FIN 48 processes and procedures for foreign affiliates and created detailed FIN 48 calculations for tax, interest and penalty amounts primarily related to permanent establishment and transfer pricing exposures.

Houston, Texas, Us

Managed the US and foreign tax function for a Netherlands-based, $2 billion multi-nationalengineering and construction company with operations in over fifty countries and several US states. Responsible for worldwide tax planning, tax provision, and tax return compliance. Supervised three tax managers and multiple support staff in the US.Developed and presented tax planning strategies and restructuring ideas to company management. Actively participated in tax due diligence and integration of acquisition targets in the US and abroad. Advised US and foreign business, finance, and accounting managers on non-routine tax matters.Directed the implementation of internal refinancing transactions in the US, UK, and Canada, savingthe company several million dollars in tax expense and cash taxes, lowering the company’s globaleffective tax rate, and increasing earnings by several cents per share. Developed and implemented a foreign tax provision process for the entire company, including training of foreign finance and accounting managers in basic tax provision concepts.Oversaw preparation of US and foreign tax returns, and defended the company during foreign tax audits. Settled five years of open tax audits in the Netherlands without paying any additional tax while maintaining significant tax loss carryovers from settled years.Rebuilt the entire federal and international tax group, hiring in three tax managers and multiplesupport staff following the company’s relocation from Illinois to Texas in 2002. Prepared annual tax department budgets. Ensured tax department compliance with SOX 404 controls.

Gb

Managed $1 million-plus engagements to plan and implement inversion structures to migrate USpublicly traded corporations offshore. The primary objectives were to introduce intercompany debtand to transfer foreign assets out from under the US consolidated group in order to reduce USincome taxes payable on worldwide income, thereby reducing the company’s effective tax rate.

Houston, Texas, Us

Managed the international tax function for the world’s largest manufacturer and supplier of oilfielddrill pipe and other drill stem products, with production facilities in Canada, Italy, Mexico,Netherlands, Singapore and Venezuela. Performed US and international tax planning and compliance.

Houston, Tx, Us

Directed the international tax function for $3 billion multi-national service provider with operationsin twenty-two countries and fifty states, including 200+ active foreign subsidiaries. Responsible for international tax planning, compliance and review of annual tax provisions for international operations. Taught foreign CFOs how to prepare US GAAP opening balance sheets following acquisitions, including calculation of deferred taxes. Supervised staff of five tax professionals.

London, Gb

Performed corporate and partnership tax research and planning including legal entity and contractstructuring for clients in the oil & gas, manufacturing, wholesale and banking industries. Prepared Excel based cash flow and valuation models and analyses for tax-preferred financingstructures, energy joint ventures, and production sharing contracts with foreign partners inAustralia, South America and the Commonwealth of Independent States.Prepared Internal Revenue Service protest letters. Reviewed federal and state tax returns, including consolidated corporate returns and partnerships.Took two year expatriate assignment to Moscow and St. Petersburg, Russia (Oct 93 - Sep 95). Analyzed Russian corporate income tax, value added tax, and other tax issues. Mentored Russian tax staff to develop their business and tax advisory skills. Prepared and reviewed US expatriate income tax returns.

Worldwide, Oo

Prepared corporate and personal income tax returns.