Kenneth Kamenick


    Twenty-nine years experience, including 11+ years as a self-employed consultant (numerous part-time CFO and business project engagements).  Previously, 3 years as a CFO (with Operations responsibilities for half that time), 8 years as a Controller.  Focus on profit and ROI to owners / investors; committed to enhancing the bottom line.  Experiences include:  Business start-ups, acquisitions, valuation, multinational operations; liaison with outside attorneys, accountants and other service providers, litigation support; cost accounting, product cost and profitability analysis with improvement; implementation of financial / manufacturing ERP software, establishing new processes and procedures; communicating and explaining strategic, competitive and financial concepts and results, forming, training and leading project teams.  I am seeking full-time employment near Madison or Janesville, WI.

Work History

Work History
Feb 1998 - Present

Owner / Principal

KK Services

    Consulting practice providing CFO and other services, including:   Financial planning and analysis;  Strategic planning; Business process / procedures / system improvements; Software implementation; Project management;  and, Training.

  • Serve as part-time and as interim CFO or Controller for various clients, engagements of up to 2 yrs duration, generally 2-3 days per week per client.
  • Project work generally of 2-9 months duration, usually 4-5 days per week per client.
  • Engagements often develop when operating results and cash-flow are not acceptable to owners, investors and/or creditor organizations;  focus is to correct root causes and execute improvements to achieve a successful turn-around.
  • Majority of client engagements involve privately held organizations; some not-for-profit.
  • Defended a client's position to the IRS by aggressive application of uniform capitalization rules; achieved for client $100,000 net savings in income taxes, interest and penalties.
Apr 1995 - Jan 1998


MTI International, Inc.

    Also, Operations Mgr. for Menomonee Falls production plant for 18 months.

Manufactured thick-film hybrid electronic circuits; contract assembly of printed circuit boards; was privately-held.  Facilities in U.S., with Mexico opened Q2-1997.

  • Served as parent company liaison and project manager opening a new assembly plant in Mexico, including transfer of production equipment from U.S. facility.
  • Responsibility for Production Operations added Aug. 1995 (through Nov. 1996); restructured the operations team to improve on-time deliveries by focusing on order line fill rate; reduced past due customer orders (from nearly 2 months average) to 3 days (maximum) in a 6 month period.
  • Initiated reviews with key suppliers to ensure matching of requirements and changes thereto with component deliveries, improving turns on key components of customer products and throughput in our production facility.
  • Responsible for finance, information systems; networks / communications; human resources.  Procurement and supplier management added May 1995.
Jul 1994 - Mar 1995

Mgr. Financial Planning & Analysis

Enerpac Division, Applied Power Inc. (Actuant Corp)

    Mgr-FP&A for worldwide operations of Enerpac, the largest division ($155 Mil. sales) of a $450 Mil. NYSE-listed entity.  Industrial products:  Hydraulic pumps; Cylinders; and, Tools.  Assembly plants:  U.S., Mexico, Holland, Japan.

  • Performed regional financial analysis and coordinated reporting for 20+ operating units grouped into 3 regions globally.  Reported monthly and annual forward looking analysis updated mid- and end- of quarters.  Visits to regional operations and/or regular video conferences.
  • Established and implemented Excel and Powerpoint based computation and reporting system for all operating unit management Divisional incentive compensation, including audits of elements as reported to Div. HQ for incentive awards.
  • Prepared and presented annual operating plan with upside and downside scenarios and SWOT analysis along with Regional GM's to Division President for approval.  Subsequently presented a summary thereof to the Corporate team.
Oct 1991 - Jun 1994

Controller, Americas Region (Enerpac Div)

  • A year-long project involved establishing a distribution operation in Sao Paulo, Brazil; Liaison with attorneys / advisors; Strategic planning; Acquisition agreements; Due diligence; Systems selection, implementation, integration; Coach to local staff.
  • Served on distributor rationalization team reducing authorized representative organizations by 45% over 2 years by establishing regional master distributors, thereby enabling a reduction of 10 FTE's in Accounting, Customer Service and Technical Support and an additional reduction of 15 sales territory positions.  Annual savings in salaries and benefits $1 Mil., plus other savings.
  • Assisted Corporate Director, International Taxes with modifications to transfer pricing in response to tax code changes in the U.S. and various other countries.
  • Division restructured into 3 regions globally; supported production facilities in U.S. and Mexico and sales and distribution operations in the Americas Region with financial and operational analysis.
  • Developed and implemented Excel based computation and reporting system for U.S., Canadian and Latin American sales personnel and manufacturer's representatives; integrated with payroll and/or accounts payable for processing of payouts.
  • Supervised general and manufacturing accounting, payroll, credit / collections and payables for US and Canadian operations of Enerpac, plus payroll for Applied Power Corporate and 2 other operating divisions.  Simplified and improved consolidating eliminations process for Enerpac units.
Oct 1989 - Sep 1991

Assistant Controller, US (Enerpac Div)

  • Served on Information Systems steering committee and system implementation team. Developed specifications for summary & analysis reports related to operating results, budget variances, sales, margins and product costs as business software was replaced.
  • Responsibilities for financial planning and analysis related to Mexico joint venture production facility and sales distribution activities added Aug 1991.
  • Financial accounting and operational support of Latin American sales and distribution activities for Enerpac added Apr 1991.
  • FInancial accounting and operational support of Canadian operations of Enerpac added in Apr 1990; outsourced local payroll; facilitated integration of distribution operations with US operation.
  • Provided financial analysis, cost accounting and operational support for US Operations of Enerpac.  Supervised general accounting, payroll, credit / collections and payables for US Operations of Enerpac, plus 3 other operating divisions, and payroll for the Corporate team. 
Sep 1985 - Sep 1989

Corporate Controller

Bostrom Seating, Inc

    Privately-held, US market leading multi-plant manufacturer of suspension seats for heavy trucks, off-highway equipment & recreational vehicles.  Business Development Director  (May - Nov 1988).  Previously was Assistant Controller, reporting to CFO.

  • Analyzed numerous scenarios and financing structures, assisting CFO and President preparing business plans for presentation to prospective banks, venture capital and private equity partners; also participated directly in said presentations and subsequent negotiations.  The business was refinanced two times in this period, and in addition was recapitalized once in that time.
  • Analysis and computations for valuation of intangible assets acquired; preparation of documentation in support of patent infringement actions and products liability defense.
  • Analyzed acquisition targets as Business Development Director; Corporate expansion program drove 100% annual sales growth in 4 years; coordinated acquisition activities, due diligence and involvement / activities of 3rd parties (financial, legal, etc.).
  • Directed review team (production, engineering, marketing, sales) that identified sources of variation in a 20 year-old product line ($6 Mil. sales); team re-engineered product line for cellular manufacturing methods in 9 months; reduced production time by 17 days to 3 days.
  • Member of computer systems implementation team; moved to AS/400 computer using standard MAPICS transaction processing package (from numerous custom programs and applications on an offsite time-share based processor).
  • Responsible for general accounting, payroll, product and inventory costing, collections and payables, as well as financial reporting and analysis.
Jan 1981 - Aug 1985

Senior Accountant

Price Waterhouse & Co. (PricewaterhouseCoopers)

previously Staff Accountant  (Jan 1981 - Jun 1983);  Intern  for 6 months in 1979

  • Broad base of audit clients (both public and private enterprises) in the manufacturing, distribution, contracting and retailing industries.  Special project assignments included litigation support, acquisitions, divestitures and analysis of costing systems.
Jul 1979 - Aug 1980

Financial Analyst

The Heil Company

Part-time position during final year at Marquette U.

  • Project work to select and install a general ledger system on mainframe computer; user training.




    Various CPE covering management practices, HR, IT, accounting pronouncements and tax code changes.  Also ABC Costing at U. of Michigan, Executive Education (5 days, Aug - 1992).

Sep 1976 - Dec 1980

Bachelor of Science, Honors

Marquette University

    Completed in 8 academic semesters, plus 2 summer classes.  No classes spring semester 1979 (full-time internship).


Dec 1983 - Present

Certified Public Accountant

State of Wisconsin