Mike is available for hire
Hire MikeMike Taetzsch
Verified Expert in Finance
Management Consulting Expert
Location
Saratoga Springs, NY, United States
Toptal Member Since
August 7, 2021
Mike has deep experience in finance and operations within startups and established entities. Besides directing financial planning for manufacturing, business units, international sales, and new programs, Mike's led the integration for the spin-out of a >$1 billion joint venture and the onboarding of two acquisitions. As operations VP, Mike managed supply chain and manufacturing for a new business. He uses the operational and financial acumen to deliver solutions that work for the total business.
Career Highlights
Director, Finance
Eastman Kodak Company
Director, Graphics Operations and Finance, and Vice President, Kodak Professional
Eastman Kodak Company
Education Highlights
Master of Business Administration (MBA)
New York University, Stern School
Bachelor's Degree
Wheaton College
Case Studies
Software Expertise
Other Expertise
Work Experience
Vice President, Operations
2010 - 2020
Memjet
- Established an S&OP (sales and operations planning) process driving alignment on sales and supply planning and awareness of asset implications.
- Reduced staffing by 25% by consolidating three business unit operations groups and implementing common processes.
- Collaborated with CM and OEMs to execute the manufacturing discontinuance of service parts while meeting the needs of the installed machines in the field, minimizing manufacturing and inventory costs, and keeping customer equipment in service.
- Kept fixed manufacturing and procurement staff low (six) by setting up Asian contract manufacturing for complex product platforms.
Focus areas: Contract Manufacturing, Contract Negotiation, Operations Management, Supply Chain Management (SCM), Sales & Operations Planning (S&OP), Production, Inventory Management, Performance, Operational Finance, NetSuite, Microsoft Excel, Manufacturing, Technology, Forecasting, Startups, ERP Implementation, Business Strategy
Director, Finance
2007 - 2009
Eastman Kodak Company
- Developed models to integrate new product financials with overall unit performance and track against cost structure objectives.
- Established financial reporting processes and a regional sales estimate cycle, improving the accuracy of estimates.
- Led a staff of four senior financial planners in directing WW financial planning for the new, $80 million high growth Inkjet Systems Division.
Focus areas: Financial Planning & Analysis (FP&A), New Product Business Cases, Sales & Operations Planning (S&OP), Contract Manufacturing, Operational Finance, Microsoft Excel, Manufacturing, Technology, Revenue & Expense Projections, Forecasting, Financial Modeling, Three-statement Modeling, Startups, Budgeting, Revenue Management, Business Strategy, Business Models
Director, Operations
2001 - 2005
Eastman Kodak Company
- Integrated a $100 million acquired business (Encad, Inc.) with existing operations including transfer of sales and inventory from forty-five countries completing the transition within eight months of acquisition and achieving cost targets.
- Commercialized products with new Asian suppliers adding 30% incremental revenue to the Encad inkjet media business through a rapid commercialization process.
- Developed and managed the relationships with several contract manufacturers (US and offshore) to plan for the manufacturing process design and production of a Kodak designed wide format printing system.
Focus areas: New Product Business Cases, Program Management, Sales & Operations Planning (S&OP), Supply Chain Management (SCM), Contract Manufacturing, Production, Inventory Management, Performance, Mergers & Acquisitions (M&A), Integration, Business, Contract Negotiation, Microsoft Excel, Post-merger Integration, Manufacturing, Technology, Due Diligence, Forecasting, Three-statement Modeling, Business Strategy, Business Models
Director, Graphics Operations and Finance, and Vice President, Kodak Professional
1997 - 2000
Eastman Kodak Company
- Negotiated final contracts for a $1 billion joint venture and the transfer of the JV partner’s Japanese business into the JV.
- Transitioned operations into the JV and established processes for the continuing Kodak-JV relationship.
- Managed the Kodak manufacturing supply business to the JV, achieving business case profitability targets.
Focus areas: Contract Negotiation, Financial Planning & Analysis (FP&A), P&L Management, New Product Business Cases, Program Management, Valuation Modeling, Performance, Mergers & Acquisitions (M&A), Integration, Business, Operational Finance, Microsoft Excel, Post-merger Integration, Manufacturing, Due Diligence, Revenue & Expense Projections, Three-statement Modeling, Business Strategy, Business Models
Director
1981 - 1997
Eastman Kodak Company
- Promoted through successive roles within manufacturing and business unit finance culminating in a role as director of finance for the consumer business in Latin America.
- Reduced Accounts Receivable DSO for the Latin American business by 15% and past due amounts by over 50% through leading the efforts of my finance staff in key LAR countries.
- Modeled the financial business case for the Advantix photo system including analysis of licensed competitors and economic impacts on the channel and photofinishers.
- Led a manufacturing finance and accounting group in redesigning management reporting to emphasize total manufacturing cost control.
- Analyzed and supported the restructuring of a business unit leading to redirection of technology investments and divesting a subsidiary.
- Formulated strategy and financial projections for several new products including manufacturing site selection, evaluation of alternate technologies, and potential joint venture opportunities.
Focus areas: Financial Planning & Analysis (FP&A), Operational Finance, New Product Business Cases, Valuation Modeling, Mergers & Acquisitions (M&A), Microsoft Excel, Manufacturing, Due Diligence, Revenue & Expense Projections, Forecasting, Financial Modeling, Three-statement Modeling, Budgeting, Revenue Management, ERP Implementation, Business Strategy, Business Models
Education
1979 - 1981
Master of Business Administration (MBA) in Management
New York University, Stern School - New York, United States
1973 - 1977
Bachelor's Degree in Chemistry
Wheaton College - Illinois, United States
Certifications
OCTOBER 2005 - OCTOBER 2010
CPIM Certification
APICS
Collaboration That Works
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