Mark Hammerstrom
Vice President of Finance at Dahl Automotive- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
Topline Score
Bio
Experience
-
Dahl Automotive
-
United States
-
Retail Motor Vehicles
-
1 - 100 Employee
-
Vice President of Finance
-
Oct 2017 - Present
La Crosse, Wisconsin
-
-
-
Carousel Motor Group
-
United States
-
Motor Vehicle Manufacturing
-
1 - 100 Employee
-
Financial Planning and Analysis Director/CFO
-
Jul 2009 - Mar 2017
Minneapolis Minnesota Carousel Motor Group is a strong portfolio of dealerships founded in 2008 with one single BMW dealership and has grown to 10 new automotive franchise dealerships representing multiple domestic and import brands with $750 million in annual sales. Carousel Motor Group is part of the Pohlad Companies, a diverse group of more than 25 independent companies. The Pohlad Companies operate in financial services; commercial real estate development; commercial property management; sports and… Show more Carousel Motor Group is a strong portfolio of dealerships founded in 2008 with one single BMW dealership and has grown to 10 new automotive franchise dealerships representing multiple domestic and import brands with $750 million in annual sales. Carousel Motor Group is part of the Pohlad Companies, a diverse group of more than 25 independent companies. The Pohlad Companies operate in financial services; commercial real estate development; commercial property management; sports and entertainment; including the Minnesota Twins, a Major League Baseball franchise; and a leading motion picture production company. Actively participated in the development of the company's growth assuming many responsibilities and roles including CFO. Primarily responsible for due diligence, financial planning and analysis of special projects including mergers and acquisitions. In charge of franchise application process and communications. I developed reports and processes to provide financial and operational information on the dealerships for parent company executive management. I supported the dealership management with performance information in dealer 20 group report formats and tools critical to their profitability and success. Prepared monthly consolidated financial and performance reports for parent company. Other areas of responsibility included strategic planning process, budgeting process, quarterly business reviews, financial audit process, company insurance, corporate finance, dealership retail lender agreements, vendor management, customer data security agreements, e-commerce strategies, DMS technology, committee member for employee retirement benefits. Show less
-
-
-
-
Vice President of Sales and Business Development/Partner
-
2007 - 2009
Minneapolis Provided a source of pre-owned vehicle inventory for over 50 franchise automotive dealerships during difficult industry economic times through new internet based auction sourcing technologies and by providing a network of very experienced vehicle buyers stationed at auctions across the U.S. and Canada. Worked with the largest national rental car companies to purchase vehicles for dealer clients.
-
-
-
Mills Automotive Group
-
United States
-
Motor Vehicle Manufacturing
-
1 - 100 Employee
-
Director of Automotive Operations/General Manager
-
2004 - 2007
Minnesota General Manager responsible for improving dealership sales, market share and financial performance for 10 new car franchises in three different dealership locations. • Developed dealership departmental performance and accountability reports. • Directed all department management staff and reviewed their departmental performances weekly. • Hired all management positions, completing performance evaluations regularly, and developed short and long-term goals for each department manager… Show more General Manager responsible for improving dealership sales, market share and financial performance for 10 new car franchises in three different dealership locations. • Developed dealership departmental performance and accountability reports. • Directed all department management staff and reviewed their departmental performances weekly. • Hired all management positions, completing performance evaluations regularly, and developed short and long-term goals for each department manager (includes sales, service, parts, collision and administrative departments). • Communicated all operational and financial information to corporate headquarters monthly. • Created cost-effective advertising programs and promotional strategies for all brands and locations. • Focused on customer and employee satisfaction resulting in a top five national ranking in CSI for Toyota and Buick. • Performed all sales desk responsibilities including trade appraisals along with purchasing vehicles at auction or online. • Increased group net profits 30% through increased retail, service, parts sales and reducing overall operational expenses. Show less
-
-
-
-
General Manager
-
2003 - 2004
Greater Minneapolis-St. Paul Area Responsible for the overall dealership performance of the Sales, Finance, Service, Collision, Parts and Administrative departments. • Developed financial tracking systems, reports, and procedures for owner and department managers. • Directed hiring, training, and development of department management and staff. • Managed and developed company internet systems, customer follow up, and accounting procedures for one of the first Ford dealership Business Development… Show more Responsible for the overall dealership performance of the Sales, Finance, Service, Collision, Parts and Administrative departments. • Developed financial tracking systems, reports, and procedures for owner and department managers. • Directed hiring, training, and development of department management and staff. • Managed and developed company internet systems, customer follow up, and accounting procedures for one of the first Ford dealership Business Development Centers (BDC) in the country. • Awarded special recognition from Ford Motor Company for increasing dealership vehicle sales, profits, and achieving assigned market share in a very competitive metro market. • Company reached 100% of owner’s sales goals and expense reduction objectives within one year. Show less
-
-
-
Carsforsale.com
-
United States
-
Technology, Information and Internet
-
100 - 200 Employee
-
CEO/Co-Founder
-
2000 - 2003
Minneapolis, Minnesota Designed and developed the website which became one of the top 10 national automotive websites in 2002-2003. Responsible for website development, business plan, financial and marketing strategies. Developed all accounting and cash management systems along with forecasts for first and second round of private placement offering. Developed strategic business relationships and partnerships with the largest broadcast organizations in the country. Reported the monthly business and financial… Show more Designed and developed the website which became one of the top 10 national automotive websites in 2002-2003. Responsible for website development, business plan, financial and marketing strategies. Developed all accounting and cash management systems along with forecasts for first and second round of private placement offering. Developed strategic business relationships and partnerships with the largest broadcast organizations in the country. Reported the monthly business and financial progress to Board of Directors and to investors quarterly. Led private placement raising $1,500,000 to launch the startup of company. Show less
-
-
-
-
General Manager
-
1997 - 2000
Greater Minneapolis-St. Paul Area (Stillwater) Responsible for the overall dealership performance of the Sales, Finance, Service, Parts and Administrative departments. • Directed all department management staff and reviewed their departmental performances weekly. • Hired all management positions, completing performance evaluations regularly and developed short and long-term goals for each department manager (includes Sales, Service, Parts and Administrative departments). • Created cost-effective… Show more Responsible for the overall dealership performance of the Sales, Finance, Service, Parts and Administrative departments. • Directed all department management staff and reviewed their departmental performances weekly. • Hired all management positions, completing performance evaluations regularly and developed short and long-term goals for each department manager (includes Sales, Service, Parts and Administrative departments). • Created cost-effective advertising programs and promotional strategies for the dealership. • Focused on customer and employee satisfaction resulting in achieving top CSI ranking in the region. • Took the lowest performing Ford Lincoln Mercury dealerships in the region to number one in retail sales in less than one year. Maintained the number one position for three straight years. • Recognized by Ford Motor Company for overall performance, profitability and CSI improvement. Personally asked to be a partner with Ford Motor Company in their national dealer development program. Show less
-
-
-
-
Senior Vice President/CFO
-
1996 - 1997
Greater Minneapolis-St. Paul Area Responsible for the financial and operational performance of 10 new car franchise dealerships, vehicle leasing company and various other business ventures with combined annual sales over $750 million. Directed cash management, banking relationships, and financial audits by outside auditors. Directed all major contract negotiations including advertising contracts, lender financial agreements, and business acquisitions. Developed new division financial forecasts and management reports.… Show more Responsible for the financial and operational performance of 10 new car franchise dealerships, vehicle leasing company and various other business ventures with combined annual sales over $750 million. Directed cash management, banking relationships, and financial audits by outside auditors. Directed all major contract negotiations including advertising contracts, lender financial agreements, and business acquisitions. Developed new division financial forecasts and management reports. Directed all corporate and division controllers. Oversaw other entrepreneurial business opportunities and projects for the company owner. • Negotiated the sales of four new vehicle franchise dealerships with profitable results. • Reduced operational costs and expenses by more than 25% annually. Show less
-
-
-
Walser Automotive Group
-
United States
-
Motor Vehicle Manufacturing
-
500 - 600 Employee
-
Senior Vice President/CFO
-
1987 - 1996
Minneapolis, Minnesota Directed and coordinated many aspects of the financial operations of eleven new car franchise dealerships with 15 franchises, special finance business and vehicle leasing company with over $300 million in annual sales. Corporate duties included: Compiling monthly dealership and franchise financial information, cash management, maintaining and developing bank relationships, negotiating large vendor and employee benefits contracts, overseeing construction projects, hiring and human resources… Show more Directed and coordinated many aspects of the financial operations of eleven new car franchise dealerships with 15 franchises, special finance business and vehicle leasing company with over $300 million in annual sales. Corporate duties included: Compiling monthly dealership and franchise financial information, cash management, maintaining and developing bank relationships, negotiating large vendor and employee benefits contracts, overseeing construction projects, hiring and human resources, trustee for employee benefits, monitoring commercial and health insurance claims, presenting monthly management meetings, establishing company forecasts, goals, and objectives, performing due diligence for acquisitions, and establishing cost control dealership guidelines. Responsible for all outside audits by banks and lending institutions. • Increased annual combined company sales by $150 million over three years and elevated revenue, cash flow, and assets during the same time frame. • Oversaw dealership acquisitions and set up the new stores under Walser Corporate policies, controls, processes and systems. • Reduced vendor costs and expenses by more than $500,000 annually for dealership group. • From 1993 to 1995 – General Manager of Walser Ford. Turned dealership from annual net profit loss to a profitable position in one year. 1994 Ford Motor Company President’s Award winner for being one of the top 100 dealers in the nation based on profitability, customer satisfaction and market share Show less
-
-
-
KPMG US
-
United States
-
Financial Services
-
700 & Above Employee
-
Audit Manager
-
1984 - 1987
Dallas, Texas Performed certified financial audits and supervised audit personnel.
-
-
-
Deloitte
-
Business Consulting and Services
-
700 & Above Employee
-
Senior Accountant - Audit
-
1981 - 1984
Sacramento, California/Minneapolis-St. Paul Area Performed certified financial audits and supervised audit personnel.
-
-
Education
-
California State University-Sacramento
Bachelor of Science in Business Administration (Accounting), Business Administration and Management, General