Teresa Olson
CFO at Pinnacle Fit Clubs LLC- Claim this Profile
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Experience
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Pinnacle Fit Clubs LLC
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United States
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Wellness and Fitness Services
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1 - 100 Employee
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CFO
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2018 - Present
An Atlantic Street Capital Portfolio Company
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McDonald's Corporation
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Food and Beverage Services
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1 - 100 Employee
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Vice President, Global Business Transformation
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2015 - 2018
Oak Brook, IL Led global restructuring effort within the top 14 markets and the corporate center. As a result, the overall business model was changed, creating globalized functions to make quicker, more informed decisions while allowing the markets to focus on the key areas that are drivers of growth. • The effort delivered significant G&A savings in two major areas: Corporate restructuring and Global Business Services implementation.
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Vice President, U.S. Controller
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2010 - 2015
Managed the Home Office financial support teams across the U.S. business. • Led annual income plan for the U.S. business with >$35B of systemwide sales, $8.5B of revenues and operating income >$3.5B. Managed large-scale G&A and capital budgets. • Oversaw the restructuring effort to reallocate a substantial portion of G&A to critical growth drivers. • Focused on process improvement in the financial planning and reporting area by changing G&A plan process to prioritize projects… Show more Managed the Home Office financial support teams across the U.S. business. • Led annual income plan for the U.S. business with >$35B of systemwide sales, $8.5B of revenues and operating income >$3.5B. Managed large-scale G&A and capital budgets. • Oversaw the restructuring effort to reallocate a substantial portion of G&A to critical growth drivers. • Focused on process improvement in the financial planning and reporting area by changing G&A plan process to prioritize projects with highest impact, automated capital reporting for better visibility into spend, Hyperion implementation for planning and projections and data analytics process to better understand franchisee financial health. • Integral role on U.S. Leadership Team providing financial analysis supporting business generators strategy including new product rollouts, menu pricing, real estate development of new restaurants, rebuilds and remodels of existing restaurants, and Company owned vs. franchised ownership strategies.
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Finance Director/Senior Director Roles
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1997 - 2010
• Played an integral role in the development of business initiatives working with U.S. senior management and franchisee leadership. • Led implementation of FAS 133 (Accounting for Derivative Instruments and Hedging) which entailed migrating to a new debt system and working with Treasury to realign the derivative portfolio in order to mitigate risk to the company. • Provided financial support for numerous acquisitions including Fazoli’s and Pret a Manger.
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Staff Accountant - Senior Manager, Financial Accounting & Reporting
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1989 - 1997
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Ernst and Young
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France
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Civic and Social Organizations
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Staff Accountant
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Aug 1986 - Feb 1989
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Education
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Wharton Executive Education
Board Governance and Effectiveness Program, Corporate Governance -
University of Notre Dame
BBA, Accounting