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Steve Locanto
Vice President Corporate Controller at Ace Hardware Corporation
Professional Background
Steve Locanto is a seasoned corporate finance strategist with an impressive career spanning over 20 years in manufacturing, distribution, and financial services. He has honed his expertise in providing insightful financial recommendations and strategic direction that significantly contribute to organizational growth. Known for his ability to optimize operational accounting processes, Steve ensures that these align with the long-term objectives of the business. His commendable reputation is built on his capability to closely link planning, strategy, and deliverables, consistently driving corporate goals forward.
Throughout his career, Steve has led multiple initiatives that emphasize efficiency and effectiveness in financial management, adopting best-in-class financial models and Lean financial practices. His influence extends to managing large teams, where he actively engages both direct and indirect reports on major projects. Steve’s leadership style not only motivates his teams but also fosters a culture of collaboration and continuous improvement within the financial landscape of the organizations he has served.
Education and Achievements
Steve Locanto earned his Bachelor of Science degree in Accounting from Northern Illinois University, laying a solid foundation for his career in finance. His academic background has been vital in establishing a strong understanding of accounting principles, financial analysis, and strategic management—all essential elements for effective corporate finance.
Steve's professional journey is punctuated by remarkable roles at prestigious organizations, primarily within Navistar International Corporation and Ace Hardware Corporation. As the Vice President Corporate Controller at Ace Hardware Corporation, he plays a pivotal role in shaping the company's financial strategy and operational framework. His previous positions as Corporate Controller and Assistant Corporate Controller at the same company have equipped him with comprehensive insights and skills necessary to navigate complex financial landscapes.
Notable Positions held:
- Vice President Corporate Controller at Ace Hardware Corporation: In this leadership role, Steve oversees the company's financial planning and analysis, ensuring alignment with organizational objectives. His strategic direction helps Ace to optimize resource allocation and drive profitability.
- Corporate Controller at Ace Hardware Corporation: In this capacity, he was responsible for managing the company's financial reporting and control environment, ensuring compliance with financial regulations and internal policies.
- Assistant Corporate Controller at Navistar International Corporation: Here, Steve gained firsthand experience in overseeing financial operations and supporting the corporate controller in achieving strategic goals.
- Division Controller - Truck Segment at Navistar International Corporation: He managed financial performance for the truck division, contributing to strategic decision-making processes that impacted the overall success of the division.
- Division Controller - Parts Segment at Navistar International Corporation: In this role, Steve directed the financial accounting and reporting for the parts segment, implementing financial controls that drive performance.
- Director of Finance / Accounting at Navistar International Corporation: Steve was responsible for leading finance strategy in this senior position, focusing on enhancing financial processes and systems.
- Various Managerial Positions at Navistar International Corporation: Over his tenure at Navistar, he held essential managerial roles, including Manager of Finance & Accounting for Quality, Reliability, Warranty, which involved oversight of warranty claims and ensuring quality service delivery, as well as Manager of Finance for Medium Trucks, and Planning Manager at Navistar Finance Corporation, where he contributed to strategic financial planning initiatives.
- Audit and Finance at Household International: His early career began in this crucial role, enabling him to build a solid foundation in financial audit practices and gain insight into the financial industry.
Steve Locanto has not only built a reputable career in finance but also enriched the organizations he has been a part of by implementing robust financial strategies and fostering a collaborative team environment. His professional dedication to optimizing financial operations aligns perfectly with the dynamic nature of today’s corporate landscape.