See How Many Clients You're Missing Each Month

Simply enter your business email & Topline AI Agent will show you.

Bio

Generated by
Topline AI
Eric Draut is a seasoned executive with extensive experience in strategic planning, risk management, and financial leadership. He has served on the boards of several Fortune 500 companies, including Thrivent, BlackRock TCP Capital, and Unitrin. Draut has also held senior roles at various organizations, including Interim, Lutheran Social Services of Illinois, and Duchoissois Industries, Inc. His expertise spans due diligence, investments, insurance, and financial planning, among other areas.

Experience

  • Thrivent
    • Greater Minneapolis-St. Paul Area
    • Member of the Board of Directors and Chair of the Finance and Audit Committee
      • Feb 2015 - Present
      • Greater Minneapolis-St. Paul Area

      Appointed to the Board of Directors of this Fortune 500 Company in February, 2015. Member of the Audit and Finance committees of the Board.

    • Lead Director
      • Feb 2011 - Present

      Serve as Lead Director and as a Member of the Audit, Governance Committee and the Joint Transactions Committee of this publically traded business development company managed by BlackRock.

    • Member Board Of Directors and Chair of the Audit Committee
      • Nov 2020 - Present
  • Holy Family Ministries
    • Chicago, Illinois, United States
    • Board of Directors
      • Jan 2014 - Present
      • Chicago, Illinois, United States

      Vice Chair of the Board and former Chairman of the Audit and Finance Committee

  • ELCA Foundation
    • Chicago, Illinois, United States
    • Member Board Of Trustees
      • Apr 2022 - Present
      • Chicago, Illinois, United States
    • Chairman of the Board
      • Jan 2005 - Dec 2015
      • Des Plaines, Il

      Served as Chairman Emeritus after reaching Full Board term limits. Served as Chairman of the Board of Directors for eight years including a two-year term as volunteer Executive Chairman. Services of this $100 million agency include substance abuse treatment, mental health services, developmental...

    • Board of Directors and Chairman of the Audit Committee
      • Oct 2008 - Sep 2013

      Served on the Board of Directors as Chairman of the Audit Committee and member of the Compensation Committee of this $900 million NYSE listed leader in global supply chain solutions and the design, development, manufacture and integration of wired and wireless automated data collection, rugged mo...

    • United States
    • Insurance
    • 700 & Above Employee
    • Director, Executive Vice President, and Chief Financial Officer
      • Dec 1989 - Sep 2010

      $8 Billion NYSE listed diversified holding company with subsidiaries that provide life, health, auto, and homeowners insurance and consumer finance products for individuals and small businesses. Unitrin was renamed Kemper (KMPR) in 2011.Executive Vice President, Chief Financial Officer and Director (2001 – 2010)Senior Vice President and Chief Financial Officer (1999 – 2001)Vice President and Chief Financial Officer (1997 – 1999)Treasurer and Controller (1992 – 1997)Corporate Controller (1989 – 1992)Group Executive Fireside Bank (2006 – 2010)Group Executive Multi Lines Insurance (2003 – 2004)Group Executive Consumer Finance Business (Fireside Bank) (1997 – 2003)

    • Director, Executive Vice President and Chief Financial Officer
      • Dec 1989 - Sep 2010

      • Responsible for 82 consecutive quarterly earnings releases and SEC filings without a restatement. • Repurchased over $1.8 billion of Unitrin common stock.• Responsible for the management of Unitrin’s $6 Billion Investment Portfolio outperforming peer group by 125 basis points over a 10 year period• Led the Negotiations for numerous acquisitions and diverstitures.• Led Unitrin’s first public debt offering in 2002 - a $300 million 5.75% five-year Senior Note issue. Led subsequent public debt offerings in 2003 and 2008.• Negotiated Unitrin’s first revolving credit facility – a $350 million unsecured three–year agreement with a group of banks in 1995. Negotiated Unitrin’s $340 million unsecured five-year revolving credit facility in 1997, Unitrin’s $360 million unsecured three-year revolving credit facility in 2002, Unitrin’s $325 million unsecured five-year revolving credit facility in 2005, and Unitrin’s $245 million unsecured three-year revolving credit facility in 2009. • Moved Unitrin stock listing from NASDAQ to the New York Stock Exchange in 2001.• Negotiated amended terms of Northrop Grumman’s 2001 acquisition of Litton Industries allowing Litton shareholders to choose a tax-free exchange of securities in lieu of cash. Designed Northrop Preferred Stock issued on terms favorable to Unitrin. Unitrin recognized a $370 million gain as a result of these transactions. Unitrin controlled 28% of Litton’s outstanding common shares. • Led the 2001 $196 million spin-off of Unitrin’s 44% ownership of Curtiss Wright’s common stock directly to Unitrin’s shareholders in a tax-free manner. Transaction required the recapitalization of Curtiss-Wright turning Unitrin holdings into super voting shares. Fought successful proxy contest against dissenting shareholder Mario Gabelli. • Played a key role in Unitrin’s successful defeat of American General’s hostile take-over attempt in 1995.

    • Board of Directors
      • 2000 - 2006

      Served on the Board of Directors of this Homeless Shelter provider and Social Service Agency from 2000 through 2006. Named to the Journey's "Volunteer Hall of Fame" in 2008

    • Assistant Controller
      • Jan 1988 - Jan 1989

      Privately held company which owned Thrall Car (the largest domestic rail-car manufacturer), Chamberlain (a leading manufacturer of Garage Door Openers), and Arlington Park (horse racing).

    • Assistant Controller
      • Jan 1987 - Jan 1988

      Fortune 500 manufacturer, distributor and service provider of a broad range of equipment and supplies for the printing and graphic arts markets.

    • Senior Audit Manager
      • Jan 1979 - Jan 1987

      Coopers & Lybrand, now known as Price Waterhouse Coopers. Progressed through the ranks of this "Big 8" public accounting firm serving as Audit Manager for the last three years. Major clients included: The Upjohn Company, a Fortune 500 Pharmaceutical Company Jim Beam Brands

Education

  • NORTHWESTERN UNIVERSITY
  • 1975 - 1979
    Gies College of Business - University of Illinois Urbana-Champaign

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Investment Banking”

Looking to Create a Custom Project?

Need a custom project? We'll create a solution designed specifically for your project.

Get Started

References

Social Profiles

Community

You need to have a working account to view this content. Click here to join now

Similar Profiles