Spending over 20 years in the manufacturing environment, Ken Kremsky served as a plant Controller and led numerous projects focused on cost reductions and higher efficiency. His projects have realized annualized savings totaling $75 Million.
Pertaining to his accomplishments and skills as a finance lead, Ken provided financial analysis for the Kraft Austerity team with the goal of reducing raw and packaging material losses by 5%, and reducing fixed expenses by 15% which was achieved. He has developed a daily management review process generating reports for reviewing the prior day's results regarding variances. He also prepared weekly reports to review fixed labor and maintenance spending.
Ken was the Finance lead for the SAP Catalyst Implementation team. He was also responsible for managing all aspects of the Finance department including Accounts Payable, Payroll, Inventory, and Production. Kenneth led productivity generation and process improvements to achieve plant productivity targets for five consecutive years.
Formerly working as the Controller and Strategic Analysis Manager at Kraft Foods Group, from the year 2005 till 2012, Ken Kremsky managed all accounting activities for the facility, including preparation of the annual operating budget, ensuring Sarbanes Oxley Compliance, and handling both internal and external audits.
Serving as the former Assistant Financial Controller at Nabisco Biscuit Company, Ken was responsible for providing the financial statements and monthly results. Besides, he developed detailed Direct Labor standards which resulted in crewing reductions and significant cost savings. He participated on both the Oreo and Premium network teams that led to the savings of ~$3MM annually, mainly through the One Cookie Out initiative and the Premium oil reduction project.
In his previous profession, Ken served as the Senior Manager of Finance and Strategic Projects at Mondelez International, East Hanover NJ. He was the Finance lead for the Supply Chain Reinvention team projects focusing on the financial rationale, project optimization, and Capex spend.
About Ken Kremsky
As a certified Lean Six Sigma Blackbelt, Ken Kremsky helps the organization to streamline and focus on the areas of improvement. He is highly proficient in Financial Planning and Analysis, SAP utilization, Strategy, Forecasting, Cross Functional Team Leadership, Financial Reporting, Project Management, Process Improvements, Productivity, Strategic Business Planning, Operations, Business Metrics & Benchmarking, Internal Controls and Manufacturing Finance.