Tim Klaus Email & Phone Number

Benton Harbor, Michigan, United States

Venanpri Group is a global leader in the manufacturing of high-precision consumable wear components embedded into agricultural soil preparation implements and serves both the OEM and aftermarket channels. Venanpri Group is also a leading manufacturer and distributor of hand tools for the agriculture, construction and gardening end markets in Europe, North America and Latin America under leading brands including Bellota, Corona, and Burgon & Ball.

Maumee, Ohio, United States

Leading Light Vehicle global initiative to improve profitability and overall business performance

Thailand

Full P&L responsibility for Dana’s Light Vehicle Asia Pacific business including operations in China, Thailand, India, Taiwan and Japan. $700 Million annual revenue.

Thailand

Full P&L responsibility for Dana's Thailand operations. Annual sales of approximately $350M. Dana Thailand produces axles and drive shafts for global light vehicle and commercial vehicle OEMS. Dana has four manufacturing operations in Thailand (one axle assembly plant, one driveshaft assembly plant; one gear plant and one machining plant).

Shanghai, China

Report to Operations Finance VP; dotted-line to Asia Pacific President. Interaction with senior management including presentations to the CEO and CFO (annual budget, business plan). Board of Directors member for joint ventures. Annual sales ~ $1 billion with full P&L responsibility. Financial responsibility for 13 plants - Australia, China, India, Japan, Taiwan, Thailand. Responsibilities: consolidation and analysis of regional financials including business plan, forecasts, actuals and new business evaluation • Led financial due diligence / played key role in negotiations for a $1B joint venture in China. Board member for new JV• Implemented Regional Management Company in China – enabled tax efficient charge out of Regional Asia Pacific costs to Dana entities within Asia• Established Central Asia Pacific Finance team – defined structure and led recruiting efforts. New positions hired: Two FP&A Managers, India Country Finance Manager, China JV CFO, Treasury Manager, and four Financial Analysts• Upgraded Country Finance Manager talent including Thailand, Australia, and Japan

Report to North America CFO. Extended central staff of approximately 30 including 2 Directors and 2 Senior Finance Managers; twelve plant controllers report dotted line.Financial responsible for North America Manufacturing & Technology, Supply Chain, Warranty, and a major cost reduction initiative.

Report to North America CFO; dotted-line to Senior V.P. of Operations. Central staff of 20 finance professionals; 14 plant controllers (dotted line). Responsibilities:North America Manufacturing Operations: Financial control / consolidation / analysis of mfg costs for 14 plants ($6 billion); capital allocation / approval, and engineering expenditure analysis.Investment Decision Analysis: Evaluate mfg footprint decisions (mfg cost comparisons, restructuring costs and divestitures), and profitability analysis of North American product programs with capital investments > $5 Million. Product program analysis includes challenging all assumptions (pricing, volume, mix, product and feature offerings, investment, and variable cost).• Upgraded Finance team capabilities (hired Capital Mgr, 7 analysts; Finance Mgr promoted). Reorganized Finance team to align with Whirlpool product structure.• Partnered with Division Vice Presidents to fill four plant controller openings.

Enkenbach, Germany

Expat assignment - based in Germany. Global bus. unit - inj. molded plastics (90% auto; 10% other). Annual sales ~ $500 million with full P&L responsibility.Reported to Ops VP; dotted-line to TRW CFO. Interaction with senior mgmt including presentations to the CEO and CFO (annual budget, business plan). Board of Directors member for joint ventures. Resp. for 11 plants - China, Czech Republic, France, Germany, Italy, Korea, Mexico, Slovakia, Spain, and U.S. Bus. unit consolidation - reporting, forecast, budget, bus. plan; new business eval. (JV; wholly owned plants); Finance staff dvpt; SOX/internal control compliance; and treasury issues. • Developed bus. case/obtained corp. approval to close U.K. plant. Result: $3 mil. increased annual profit.• Developed bus. case and obtained corporate approval for plants in China and Slovakia.• Upgrade of Finance capabilities. Three new controllers hired; central finance team restructured.

Shanghai, China

Three year expat assignment - first year in Kuala Lumpur; second two years in Shanghai.Reported to Ops VP; dotted-line to TRW CFO. Interaction with senior mgmt including presentations to the CEO and CFO (annual budget, business plan). Board of Directors member for joint ventures. Annual sales ~ $700 million with full P&L responsibility. 17 plants (nine JV’s/affiliates) - China, India, Japan, Korea, Malaysia, Singapore, and Thailand.• Developed bus. case and obtained approval for 3 Chinese plants (two joint ventures and one wholly owned).• Significantly upgraded the Asia Pac. Finance team. - Hired 8 expat plant controllers, Finance Reporting Mgr, and Profitability Mgr. - Hired a new Asia Pac. Finance Reporting Mgr and a Profitability Reporting Mgr. - Established central finance office staff to increase capability and align with Asia Pac. growth.

Financial control/analysis of four service groups for the Rouge Mustang Manufacturing Site (Power & Utility Operations; Transportation Services; Construction, Environmental and Industrial Services; and Graphic Arts & Photomedia Services)• Annual cost base of $230 million. Managed staff of six financial analysts.• Developed viable exit strategy for a business losing $10 million annually.• Member of Ford's Notre Dame M.B.A. recruiting team (1993–2002).

Interfaced with Ford of Japan Finance, Product Development, Marketing, and Strategic Planning to develop Ford’s automotive business in the Japan market. Periodic extended travel to Japan.• Responsible for business plan, budget, and forecast process (income statement, cash flow analysis), and input on operational issues such as product selection, pricing, inventory, and quality.• Close control of ordering reduced inventory from 13,100 units to 1,200 units in 24 months.

Interfaced with Program Management, Engineering, Marketing, and Purchasing to launch new vehicle programs.• Financial control (variable cost and investment) of four teams (interior trim, instrument panel, electrical, and climate control) for new 1997 model year vehicle. Investment approximately $70 million.

Developed and implemented powertrain strategies for Explorer and Ranger vehicle lines. • Set powertrain variable cost/investment targets for 2001 Explorer ($500 million investment). Variable cost/investment control for 1996 5.0L V8 Explorer engine ($100 million investment).

Gained plant finance and operations experience – including working as a production floor supervisor for 4 months.

Process development and supply of specialty silicone intermediates. Work included economic evaluation, lab work, manufacturing, process troubleshooting. Championed three capital projects (~ $200,000) to renovate two laboratories. Leader of 18 lab coordinators. Notre Dame Lead Recruiter. Coordinated recruiting activities for a six person, on-campus recruiting team.

Mba, Finance

Activities and Societies: Beta Gamma Sigma member, Business and Technology Management Club PresidentClark Scholar Award - full tuition.

B.S., Chemical Engineering

Education record