Timothy Hartnett
Vice President of Finance at ASYST Technologies LLC- Claim this Profile
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French -
Topline Score
Bio
Credentials
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Certified Public Accountant
IllinoisFeb, 1994- Nov, 2024
Experience
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ASYST Technologies, L.P.
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United States
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Motor Vehicle Manufacturing
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1 - 100 Employee
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Vice President of Finance
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Dec 2015 - Present
Responsible for the financial and human resource activity for an excellent company with a passion for bringing innovative solutions to the automotive market. Responsible for the financial and human resource activity for an excellent company with a passion for bringing innovative solutions to the automotive market.
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Joy Global Inc.
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Mining
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700 & Above Employee
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Global Opex Director
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Jan 2014 - May 2015
I was promoted to use my financial and operational knowledge to help align the company's disparate manufacturing and service centers. This was accomplished by standardizing our global metrics for 60 global sites and developing a lean culture through a corporate wide training program. . I drove a 5% in margin efficiency through our manufacturing and service sites by enhancing operational reporting while placing continuous improvement leaders on strategic operational opportunities… Show more I was promoted to use my financial and operational knowledge to help align the company's disparate manufacturing and service centers. This was accomplished by standardizing our global metrics for 60 global sites and developing a lean culture through a corporate wide training program. . I drove a 5% in margin efficiency through our manufacturing and service sites by enhancing operational reporting while placing continuous improvement leaders on strategic operational opportunities. I also worked with the business and developed a continuous improvement training course by using applied learning to the current business opportunities. This training coupled with our team's participation with the operations resulted in over $4M in savings.
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General Manager
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Jan 2012 - Jan 2014
I successfully started up of a state of the art service facility in the mining community of Minnesota. I was so proud of our team's efforts to bring such a great operational facility to our customers and our community. I gained an appreciation to the countless details and people's skill sets that are needed to raise a $25M facility. I improved our PL performance through the adoption of lean. Together the teams were empowered to identify waste and improve the flow of product to our… Show more I successfully started up of a state of the art service facility in the mining community of Minnesota. I was so proud of our team's efforts to bring such a great operational facility to our customers and our community. I gained an appreciation to the countless details and people's skill sets that are needed to raise a $25M facility. I improved our PL performance through the adoption of lean. Together the teams were empowered to identify waste and improve the flow of product to our customers. We added 35% in capacity and improved our margins by 10%. I worked together to drive long term contracts with our key customers in order to secure our new facility for the future. Together with our sales team and operations we secured over $500M in long term contracts. During this time I led corporate & regional Habitat for Humanity volunteer program. Our employee engagement and participation improved greatly. There are so many benefits that come from the conversations of a president working side by side with a front line worker while framing a home for a community member.
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Group Controller
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Dec 2007 - Dec 2011
I worked as a group controller overseeing over 10 customer direct service facilities in the US and Canada with $1B in revenue Our first course of business was to improve Life Cycle Management contracts. I worked with our legal department in order to add language that reduced risk in our upcoming contract renewals. We mitigated our risks by making changes to our pricing , component life limitations, exit statements, and warranty. When I first started , I noticed how our… Show more I worked as a group controller overseeing over 10 customer direct service facilities in the US and Canada with $1B in revenue Our first course of business was to improve Life Cycle Management contracts. I worked with our legal department in order to add language that reduced risk in our upcoming contract renewals. We mitigated our risks by making changes to our pricing , component life limitations, exit statements, and warranty. When I first started , I noticed how our inventory performance was historically flat. I saw this as a huge opportunity as it was the biggest component of our working capital target. I orchestrated a $40M improvement to inventory by realigning internal talent in the company and applying 80/20 principles with our sales demand. This led to a corporate wide SAP tool that was developed to improve demand data collection. I sat on the Canadian Pension board and worked together with HR to change from a defined contribution plan from a defined benefit plan. I dug into our customer collections process in order to improve cash collections. My experience showed me that past due payments are typically due to processing or quality related issues. We ended up improving our receivables by 20% by applying team based process improvements and communications.
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ITW
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United States
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Machinery Manufacturing
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700 & Above Employee
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Controller
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Aug 1993 - Nov 2007
Over my career at ITW , I was controller in four different manufacturing & distribution environments. Automotive, Special Machinery Packaging and Consumables & Service I was mentored by some of the greatest thought leaders in lean thinking when I was at ITW. At an automotive business that I worked at we successfully lead to a complete the Toyota Production System. It was great to work together with Toyota and understand their holistic thinking about business. I also transformed our… Show more Over my career at ITW , I was controller in four different manufacturing & distribution environments. Automotive, Special Machinery Packaging and Consumables & Service I was mentored by some of the greatest thought leaders in lean thinking when I was at ITW. At an automotive business that I worked at we successfully lead to a complete the Toyota Production System. It was great to work together with Toyota and understand their holistic thinking about business. I also transformed our operations by implement warehouse controls utilizing the PFEP tool. Developed the culture and engaged the employees to align with our customer's expectations. During my role as a controller in the Packaging division I was responsible for IT and initiated a computer system. implementation. IT systems were not taken lightly at ITW, we received corporate approval by successfully redesigning our business processes with a team based approach. We met our goal by reducing costs by $5M. As part of bringing our products closer to our customers, we started up a new facility in Penang, Malaysia to serve a customer in Singapore. I learned a lot about the Asian culture and an appreciation of the efforts in moving a US operation overseas. Show less Over my career at ITW , I was controller in four different manufacturing & distribution environments. Automotive, Special Machinery Packaging and Consumables & Service I was mentored by some of the greatest thought leaders in lean thinking when I was at ITW. At an automotive business that I worked at we successfully lead to a complete the Toyota Production System. It was great to work together with Toyota and understand their holistic thinking about business. I also transformed our… Show more Over my career at ITW , I was controller in four different manufacturing & distribution environments. Automotive, Special Machinery Packaging and Consumables & Service I was mentored by some of the greatest thought leaders in lean thinking when I was at ITW. At an automotive business that I worked at we successfully lead to a complete the Toyota Production System. It was great to work together with Toyota and understand their holistic thinking about business. I also transformed our operations by implement warehouse controls utilizing the PFEP tool. Developed the culture and engaged the employees to align with our customer's expectations. During my role as a controller in the Packaging division I was responsible for IT and initiated a computer system. implementation. IT systems were not taken lightly at ITW, we received corporate approval by successfully redesigning our business processes with a team based approach. We met our goal by reducing costs by $5M. As part of bringing our products closer to our customers, we started up a new facility in Penang, Malaysia to serve a customer in Singapore. I learned a lot about the Asian culture and an appreciation of the efforts in moving a US operation overseas. Show less
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Education
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1986 - 1988
DePaul University
BA, Accounting -
1983 - 1986
Illinois State University
Art and Physics
Community
