Tim Herrod, Fcpa, Fca Email & Phone Number

Waxhaw, Nc, Us

Charlotte, North Carolina, Us

Tempe, Az, Us

Contributing to advancing the procurement function along with other passionate industry thought leaders.

New York, Ny, Us

Nominated by Chartered Professional Accountants (CPA) Canada and chosen by the International Federation of Accountants to join the Professional Accountants in Business Advisory Group. The advisory group directly contributes to IFAC’s strategic objectives, delivering insights on the trends impacting businesses and public sector organizations and their professional accountants. It also provides a platform for advice, access to expertise and resources, and advocacy across the global profession to address opportunities and challenges.

Charlotte, Nc, Us

Albemarle is a ~$10B revenue global specialty chemicals leader, where I led a multi-billion-dollar procurement transformation, managing $5B in annual third-party spend across all regions and business units. I drove operational excellence, innovation, and sustainability in procurement, building a world-class team to deliver significant value and impact.Key Achievements- Strategic Transformation: Redesigned and implemented procurement strategies and capabilities, delivering $156M in savings in 2023, $148M in '21/'22, with additional $100M+ savings in progress for 2024. Recruited top talent, integrated advanced analytics, and deployed digital tools to ensure supply security and enhance customer experience.- World-Class Execution: Established an innovative procurement strategy and scenario planning program to enable and future-proof aggressive enterprise OKRs. - Governance and Digitalization: Updated and digitized global procurement governance, encompassing end-to-end S2P, 80+ policies, processes, and procedures, enabling rapid decision-making and massive value delivery within risk thresholds.- Sustainable Procurement: Spearheaded the development of a sustainable procurement strategy, incorporating Scopes 1, 2, and 3 strategies, responsible sourcing, ethical practices, and a diverse supplier program to meet evolving stakeholder requirements.- Innovation Leadership: Developed an advanced analytics and AI pillar within procurement, positioning Albemarle at the forefront of industry digital transformation.- Team Building and Development: Fostered a world-class culture, with continual focus on developing and empowering our global leaders and teams.Each role I've taken on has allowed me to build amazing teams, deliver higher value, and drive more challenging and impactful transformations. At Albemarle, I continued this trajectory, demonstrating my commitment to excellence and innovation, and creating a sustainable, future-ready procurement function.

Saskatoon, Sk, Ca

As planned and scheduled, transitioned my role in this multi-billion dollar transformation. Continuing to work in a strategic advisory, transformation governance, PMO leadership, and major initiative planning and execution capacity, supporting FCL's Procurement Transformation Steering Committee, Senior Leadership Team, targeted strategic business units, the new center-led Procurement organization (including Center of Excellence), permanent Procurement Director, and his growing team. Wildly successful results delivery to date across all dimensions, and the execution of the transformation, value, talent and digital roadmaps are all on or ahead of schedule.

Saskatoon, Sk, Ca

Led a $4B+ procurement transformation, a top strategic priority of FCL, a diverse 1.9-million-member, ~25,000 employee, Canadian retail cooperative with broad goods for resale spend in petroleum, consumer and agricultural categories, and indirect spend in oil and gas refining, energy and industrial product manufacturing, and construction. Rapidly built a new, value-driving center-led procurement function to replace a decentralized model, transforming organization design, business processes, talent, data, advanced analytics, and digital capabilities to strategically manage enterprise spend, deliver and sustain >$100M/year of savings, and provide excellent service to FCL’s business units.

Boston, Ma, Us

Advising Bain case teams and global clients with procurement strategy, transformation and M&A integration advice across agriculture, manufacturing, chemicals, mining, heath care, pharma and transportation industries.Supporting clients to successfully solve complex procurement problems in digital transformation, organizational and process redesign, agile procurement, advanced sourcing and capital procurement strategies.

Saskatoon, Saskatchewan, Ca

Post the merger of equals between PotashCorp and Agrium, led the global Procurement function for the US$18B in revenue global fertilizer company. Reported to the Chief Financial Officer, responsible for successfully merging and transforming two large organizations into one world-class procurement function, while concurrently delivering the largest merger synergy bucket. Managed a US$6B spend and a geographically dispersed team of 280 Procurement and warehouse professionals in Corporate Procurement, Category Management (Goods, Services, Capital Procurement), Center of Excellence (COE - Governance, Supplier Relationship Management, Procurement Operations Support, Legal and Contracts), and Business Unit (“BU”) Procurement service delivery.

Saskatoon, Sk, Ca

Reported to the Chief Operating Officer to lead strategic transformation of the PotashCorp (US$5B in revenue) procurement model from fully decentralized to center-led, to support global growth and deliver on a US$100M/yr savings target. Built, developed and led a new center-led procurement organization of 30 direct center employees and an additional 100 indirect in the business units. Managed US$2B in annual operations and capital spend.

Saskatoon, Sk, Ca

Reported to the Chief Operating Officer to lead strategic transformation of the PotashCorp (US$5B in revenue) procurement model from fully decentralized to center-led, to support global growth and deliver on a US$100M/yr savings target. Built, developed and led a new center-led procurement organization of 30 direct center employees and an additional 100 indirect in the business units. Managed US$2B in annual operations and capital spend.

Saskatoon, Sk, Ca

Reported to the Chief Financial Officer, responsible for leading necessary changes to improve Treasury operations, risk profile and performance deemed necessary after the global financial crisis.

Saskatoon, Sk, Ca

Recruited to report to the Senior Vice President of Corporate Relations, one of Canada’s top investor relations leaders, with responsibility for planning and executing a world-renowned IR program. Subsequently partnered with her successor who ultimately became the new SVP of Corporate and Investor Relations to continue the best-in-class IR programs. Managed a team of three during a time when PotashCorp received significant attention from the global investment community, including particular external recognition for a superior program.

New York, Ny, Us

London, Gb

Assurance and Advisory - Senior Staff Accountant

Worldwide, Oo

Assurance and Advisory - Staff Accountant