Michael Norona
Clarios Board Member - Chair of Audit Committee at Clarios- Claim this Profile
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Bio
Experience
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Clarios
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United States
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Motor Vehicle Parts Manufacturing
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700 & Above Employee
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Clarios Board Member - Chair of Audit Committee
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Jun 2019 - Present
Elected to the Clarios Board of Directors as Audit Committee Chair in May 2019. Clarios is a world leader in advanced energy storage solutions. It is a global company, with over $8 billion in revenues and 16,000 employees, that develops, manufactures and distributes a portfolio of evolving battery technologies for virtually every type of vehicle. Mike provided industry expertise to Brookfield when they acquired Clarios (formally Johnson Controls Power Solutions) from Johnston Controls (JCI), and the focus is standing up Clarios as a stand alone company, improving the company’s operational execution, driving financial performance and enhancing corporate governance. Show less
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UNC Kenan-Flagler Business School
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United States
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Higher Education
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400 - 500 Employee
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Board Member
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Apr 2019 - Present
The UNC Kenan-Flagler Business School is one of the top undergraduate business schools in the country. Mike was elected to the UNC Kenan Flagler Board of Advisors in April 2019 and also sits on the Business Partnerships Committee. Established in 1919, the Kenan-Flagler Business School is built on the foundation of excellence at UNC-Chapel Hill, which was chartered as the first public university in the United States in 1789. The Business School has a top-ranked portfolio of programs: Undergraduate, MBA, EMBA, MAC, PhD and Executive Development. Show less
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Ravenscroft School
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United States
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Primary and Secondary Education
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100 - 200 Employee
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Member Board Of Trustees
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2019 - Present
Mike was elected to the Ravenscroft Board of Trustees in April 2019 and chairs the Investment Committee. He is also a member of the Finance Committee and Trustees Committee. Ravenscroft School is a top coed independent school located in Raleigh, North Carolina, enrolling students from pre-school through grade 12. Founded in 1862, the school has three divisions: Lower School, Middle School, and Upper School; serving a total enrollment of roughly 1200 students. Mike was elected to the Ravenscroft Board of Trustees in April 2019 and chairs the Investment Committee. He is also a member of the Finance Committee and Trustees Committee. Ravenscroft School is a top coed independent school located in Raleigh, North Carolina, enrolling students from pre-school through grade 12. Founded in 1862, the school has three divisions: Lower School, Middle School, and Upper School; serving a total enrollment of roughly 1200 students.
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JDRF International
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United States
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Fundraising
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500 - 600 Employee
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Director Emeritus and former Board of Director / Audit Committee Member
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Sep 2016 - Present
Current JDRF Director Emeritus (2019 - Present) and Audit Committee Member. Former International JDRF Board of Directors (2018 - 2019) and Finance Committee Member (2016 - 2019). JDRF is a large non-profit organization and the leading global organization funding type 1 diabetes (T1D) research to cure, prevent and treat T1D and its complications. JDRF has invested more than $2.2 billion in research funding since its inception over 40 years ago, and collaborates with academic institutions, policymakers, and corporate and industry partners to develop and deliver a pipeline of innovative therapies to people living with T1D. Previous key responsibilities included strategy development in partnership with the CEO, governance and fiduciary oversight, and operational and execution stewardship and support. Family has been involved in the JDRF for over 14 years. Show less
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Advance Auto Parts
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United States
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Retail
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700 & Above Employee
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EVP, CHIEF FINANCIAL OFFICER
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Feb 2008 - Dec 2016
Mike was CFO, EVP of Advance Auto Parts from 2008 thru 2016. He was a member of executive leadership team, responsible for all areas of Finance (Accounting, Treasury, Tax, Planning & Performance Management, Business Finance, Internal Audit), Investor Relations and Corporate Purchasing. Additional responsibility for Legal from 2008 to 2014, IT in 2013, and Human Resources in 2012. Partnered closely with CEO and the executive leadership team to help drive significant strategic transformation to improve the company’s operational and financial performance. Over Mike's tenure the company's Market Cap increased from ~$4B to ~ $12B and more than doubled its revenues. During that same period its commercial business grew its sales to ~60% of sales from ~25% of sales. Show less
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Best Buy
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Retail
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700 & Above Employee
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PRESIDENT, FINANCIAL SERVICES
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Apr 2006 - Jan 2008
PRESIDENT, FINANCIAL SERVICES (06 / 2007 - 01 / 2008)VICE PRESIDENT, FINANCIAL SERVICES (04 / 2006 - 05 / 2007)Built out Financial Services as a new growth opportunity for Best Buy to deepen customer loyalty and enhance customer insights. Responsible for strategy development, deal negotiation, partner management, program development and execution. Full P&L accountability for domestic and international financial services programs. Reported to EVP of Customer Operating Groups and managed team of 6 direct reports, with oversight for 50 indirect reports. Show less
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VICE PRESIDENT OF FINANCE, DECISION SUPPORT
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May 2004 - Mar 2006
Responsible for leading the U.S. retail finance decision support team, providing integrated finance support to the President of U.S. Retail Stores and his direct reports. Responsibilities also included finance support for real estate and bestbuy.com. Reported to CFO and managed team of 35 financial professionals. Key architect in transforming the retail decision support function.Led resource redeployment, as well as piloted and built out a decentralized territory finance structure, enabling better planning, performance management, decision support and training within Best Buy’s territories and retail stores (750 stores with $27B+ in revenue). Show less
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VICE PRESIDENT OF FINANCE, SHARED SERVICES
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Apr 2002 - Apr 2004
Responsible for all operational accounting, finance systems, corporate purchasing and shared services administration. Reported to the CFO, with oversight for 500 finance employees (Best Buy’s total US finance team was ~800).
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Best Buy Canada
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Canada
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Retail
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700 & Above Employee
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VICE PRESIDENT OF FINANCE
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2000 - Mar 2002
In 2001 Best Buy acquired Future Shop, the #1 consumer electronics and computer retailer in Canada, with annual revenues of ~C$2.2B and ~91 stores across Canada with ~7100 employees
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CONTROLLER
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1999 - 2000
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Best Buy Canada
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Canada
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Retail
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700 & Above Employee
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ASSISTANT CONTROLLER
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1994 - 1998
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FINANCE ROLES (with increasing responsibility)
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Jun 1988 - Dec 1993
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Education
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Chartered Professional Accountants CPA, CGA, Canada
CPA, CGA, (Accounting) -
University of British Columbia, Canada
Bachelor’s Degree, Bachelor of Commerce