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Mike Hemsath
Vice President - Corporate Accounting at Procter & Gamble
Professional Background
Michael Hemsath is a highly accomplished finance and accounting professional with a dynamic career spanning over two decades at some of the world’s leading companies in various capacities. Notably, he has made significant contributions in the realm of corporate accounting, finance, and strategic planning in his extended tenure at Procter & Gamble, one of the largest consumer goods corporations globally.
At Procter & Gamble, Michael served in multiple leadership roles including Vice President of Corporate Accounting and Director of Corporate Accounting. His journey at P&G has seen him assume critical responsibilities where his expertise in corporate accounting and financial management has been paramount in driving organizational success. As Vice President, Michael led teams dedicated to upholding financial integrity, ensuring accurate financial reporting, and supporting business operations through strategic financial planning.
Michael's impressive career trajectory also includes roles such as Associate Director for NA Feminine Care and NA Fabric Care Product Supply, where he oversaw financial responsibilities for significant product lines, demonstrating his prowess in category finance management. His leadership in Global Accounting Policy and his roles as comptroller contributed to the foundational financial frameworks and policies within the organization, showcasing his capability to shape financial strategies that align with corporate objectives.
Prior to his extensive tenure at Procter & Gamble, Michael garnered valuable experience at Formica Corporation, where he held the Assistant Corporate Controller position as well as Director roles in External Reporting and Internal Controls. His time at Formica allowed him to hone his skills in financial reporting and regulatory compliance, vital for maintaining the company’s financial health and operational efficiency.
Additionally, Michael’s career began at Cincinnati Bell, where he occupied multiple leadership positions including Director of Investor Relations, Treasury Capital Markets, and Internal Controls. His diverse experience in investor relations has equipped him with insights into capital markets, risk management, and stakeholder engagement, all crucial elements in driving financial strategy in publicly traded companies.
Education and Achievements
Michael Hemsath is equipped with a solid educational background, having studied for his Bachelor of Science in Business Administration, majoring in Accounting, at Miami University. This foundational education provided him with essential knowledge in accounting principles, financial analysis, and business management that he has skillfully applied throughout his career.
In addition to his academic qualifications, Michael’s professional journey is marked by a series of key achievements that reflect his commitment to excellence in finance and accounting. His leadership at Procter & Gamble has been instrumental in implementing innovative financial strategies that have supported operational effectiveness and business growth. His ability to manage complex financial processes and policies has enhanced the financial performance of the organization, positioning it favorably within the competitive market.
Michael is known for his collaborative approach and ability to mentor future finance leaders, further demonstrating his commitment to the development of a high-performing finance function. His extensive network in the finance community and his experience across various sectors enable him to provide valuable insights and guidance.
Notable Achievements
- Leadership Roles: Successfully held various executive positions within Procter & Gamble, helping to strengthen its financial operations and reporting.
- Strategic Financial Management: Implemented crucial financial frameworks that improved compliance and operational efficiency, positively impacting bottom-line results.
- Mentorship and Development: Actively involved in mentoring and developing finance talent within the organizations he has served, reflecting his dedication to nurturing the next generation of financial leaders.
- Cross-Functional Collaboration: Proven ability to work in collaboration with diverse teams across various business units, aligning financial strategies with overall corporate goals.
In conclusion, Michael Hemsath's career exemplifies a blend of deep financial expertise, strategic vision, and leadership acumen. His dedication to the finance field and his contributions to organizational success at both Procter & Gamble and prior roles have positioned him as a respected leader in corporate finance. As the landscape of finance continues to evolve, Michael's experience and insights will undoubtedly continue to shape the future of financial practices within the consumer goods industry and beyond.