b'TIM PROPP\nResume\n\nSUMMARY\nAn accomplished Higher Education Administrator and Financial Executive, Chief Business Officer, CFO, and CPA with an\nexceptional record of success in leading institutional and financial strategic/business planning and budgeting,\nadministration/operations management, investment/business growth, governance and risk management for the world\xe2\x80\x99s #1 ranked\nschool of global management. Initiated and directed global strategic initiatives and projects increasing organizational effectiveness,\nculture change and profitability. Additional executive leadership experience in international/commercial/retail banking as Chief\nAdministrative Officer, CFO and Controller. An outstanding communicator, relationship and team builder who creates win-win\npartnerships with key stakeholders. Experienced board member including leadership roles chairing boards and various committees.\nPROFESSIONAL COMPETENCIES\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\nGlobal Education Executive\nAdministration/Operations Leader\nChief Business Officer / CAO / CFO\nStrategic Financial Leadership\n\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\nInstitutional/Business Planning\nBusiness Development/Growth\nOrganization/Culture Change\nOperational Excellence\n\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\nDebt Restructure/Banking Partners\nGovernance/Risk Management\nCustomer/Stakeholder Relationships\nOutstanding Communicator\n\nACCOMPLISHMENTS\nTHUNDERBIRD SCHOOL OF GLOBAL MANAGEMENT, Phoenix, Arizona\n\n2000 to 2012\n\nChief Business Officer\n2005 to 2012\nReporting to President & CEO, directed Finance, Accounting, IT, HR, Legal, outsourced services (facilities, security, food service,\nhotel/conference center, and student housing), strategic planning, investments, and all business matters across the school worldwide.\nLed Marketing and Communications for two years and provided oversight of Russian subsidiary and French campus. Served as\nCorporate Secretary of the Board and as staff officer for Finance, Audit, Executive, and Nominating & Governance Committees.\nResponsible for up to 200 staff.\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\xef\x82\xb7\n\nSuccessfully led effort to raise funds required for investment in program diversification as sluggish demand for full-time\nMBA programs put pressure on operating results. Engaged municipal financing team at BofA Securities to restructure\nexisting $17M debt and issue $10M in new bonds. Through diversification, achieved seven years of operating surpluses.\nSpearheaded school strategic plan review and impact on campus master plan. Determined 75 acres of undeveloped land\nwould not be needed for campus development, so obtained general plan amendment and re-zoning from city to accommodate\nhighest and best use, significantly increasing land value.\nNegotiated and secured replacement letter of credit on bonds with JPMorgan Chase for an unprecedented five-year period in\naftermath of 2008 financial crises as current bank was exiting business. Simultaneously negotiated an interest rate swap on\nbonds that locked interest rate at 1.8% over this five-year period and also established a line of credit.\nEstablished unique outsourcing contract to consolidate/provide multiple campus services (facilities, security, food service,\nhotel/conference center, and student housing). Under new agreement, achieved more favorable financial terms, food services\ngenerated annual profits of 10%, and student and client satisfaction levels dramatically improved for all services.\nOversaw significant growth in Russian training business (quadrupled in size over six years to $10M). Worked closely with\nexpatriate leader during 2008 financial crisis to avoid need for cash infusion as revenue shrunk 65%. Kept business intact\nduring crisis and doubled revenue since then.\nDeveloped and implemented new quarterly results-based performance management system in conjunction with outside\nconsultant and other senior leaders, dramatically improving communications between employees and supervisors and\nensuring organization was focused on highest priorities. Follow-up survey revealed 80% of employees preferred new system.\nGuided cross-organization team, with support of external higher education technology expert, in review of learning\nmanagement systems to replace current proprietary system. Open source system selected and implemented which reduced\noverall cost by $500k. New system significantly improved functionality for both students and faculty.\n\nCFO & Chief Administrative Officer\n2000 to 2004\nReporting to President & CEO, led Finance, Accounting, Legal, and strategic planning and provided oversight of Russian subsidiary.\nServed as Corporate Secretary of the Board and as staff officer for Finance and Nominating & Governance Committees. Directed staff\nof 20. Additional title of CAO added in 2003 to recognize growing influence across organization.\n\n\x0cTIM PROPP\n\nPage 2\n\nCFO & Chief Administrative Officer (cont\xe2\x80\x99d)\n\xef\x82\xb7\n\xef\x82\xb7\n\nLed critical organization restructure working closely with the President and the rest of the senior management team.\nDeveloped early retirement program as strategy to reduce ongoing costs to address anticipated revenue decline. 50 faculty\nand staff accepted early retirement, achieving an annual savings of $4M (8% of budget).\nSuccessfully engineered and executed a 10% reduction in the workforce with no legal challenges in the wake of 9/11, when\nthere was a precipitous drop in non-US students. Achieved 7% reduction in annual costs to offset loss of revenue.\n\nBANK ONE CORPORATION, Chicago, Illinois\n\n1995 to 2000\n\nInternational Americas Division, Dallas, Texas\nChief Administrative Officer\n2000\nReporting to Division President, directed risk management, strategic planning and project management for division with 700\nemployees and $1B in assets; coordinated board activities, and worked with operating units to enhance profitability. .\n\xef\x82\xb7\n\nConducted strategic review of Private Banking and Border Banking businesses and provided recommendations to Division\nPresident, improving procedures for mitigating money laundering risks; business operations were reorganized to better serve\ncustomers and improve profitability.\n\nCommercial Banking Group, Dallas, Texas and Chicago, Illinois\nCFO of Commercial Banking Services\n1999\nCFO of International Corporation\n1998\nDual reporting to Division Head/President and line of business CFO; directed all financial services including budgeting, forecasting,\nprofitability and investment analysis, product costing, and financial consulting for Commercial Banking Services Division with 7,000\nemployees and an annual expense budget of $400M and International Corporation with 1,900 employees and $5B in assets. Key\nmember of executive leadership teams. Led team of up to 16 managers and professional staff.\n\xef\x82\xb7\n\xef\x82\xb7\n\nIntegrated financial support for International Banking, Treasury Management, and Commercial Banking Services after Bank\nOne\xe2\x80\x99s merger with First Chicago NBD. Achieved 30% staffing reduction, improved financial reporting and analysis, and\nredirected existing resources to focus on better analysis of new products and services, and business profitability.\nDirected selection and implementation of SAP cost allocation system using activity-based costing methodology. Achieved\nsignificant improvement in understanding of cost drivers and profitability of products and markets.\n\nRetail Banking Group, Dallas, Texas and Phoenix, Arizona\nSouthern Region Finance Manager\n1997\nLine of Business Project Manager\n1995 to 1996\nReporting to Line of Business CFO, directed all financial services including budgeting, forecasting, profitability and investment\nanalysis, product costing, and financial consulting to the National and Regional Retail Banking Groups. Key member of the regional\nmanagement teams. Led team of up to eight managers and professional staff.\n\xef\x82\xb7\n\nWorked closely with the CFO of newly formed Consumer Bank line of business; coordinated consolidation of several finance\ngroups into a cohesive team. Assessed staff competencies, skills, and experiences in all regions.\no Recommended new staff alignment and identified training/recruiting needs, building on best practices through\nstandardization of staffing model and financial reporting and analysis.\n\nPRIOR EXPERIENCE\nCorporate Controller for Caliber Bank and Security Pacific Bank; member of a team that created Caliber from the ground up and then\nsold it to satisfy Justice Department\xe2\x80\x99s requirement for Bank of America to divest of deposits in Arizona related to its acquisition of\nSecurity Pacific. Hired team of 20, installed financial systems, and implemented internal controls across the organization for largest\nde novo bank in US history; then completed S-1 registration with SEC within one year of acquisition.\nEDUCATION & CERTIFICATION\nB.S. in Business Administration\nColorado State University\nCertified Public Accountant\n\n\x0cTIM PROPP\n\nPage 3\nBOARD INVOLVEMENT AND PROFESSIONAL ASSOCIATIONS ADDENDUM\n\nINROADS, INC.\n2004 to 2010\nNation\xe2\x80\x99s largest non-profit source of salaried corporate internships for talented underserved college students who are also developed\nfor corporate and community leadership; $20M organization based in St. Louis, Missouri. Served as a member of the National Board,\nChairman of the National Board\xe2\x80\x99s Finance Committee, Chairman of the Pacific Southwest Regional Board based in Los Angeles, and\nmember of the Arizona Advisory Board. Also served as a key member of the Consolidation Task Force that collapsed state legal\nstructure into a regional structure.\nHOMEBASE YOUTH SERVICES\n2007 to 2010\nArizona non-profit with a $2.5M budget that teaches at-risk and homeless youth how to live healthy and independent lives. Served as\nChairman of the Board after serving as Vice Chairman. Also served as Chairman of the Executive, Nominating & Governance, and\nStrategic Planning Committees. As Chairman, was able to oversee transition of organization\xe2\x80\x99s services to a financially stronger\norganization that could also provide additional needed services to the youth. This transition was necessary due to the loss of private\ndonations in the wake of the 2008 financial crises.\nCFO ALLIANCE\n2009 to Present\nMember of the Advisory Board. Organization is a global community of senior financial leaders and decision makers who come\ntogether virtually and for bi-monthly roundtables to share their experience, knowledge and wisdom. Secured Thunderbird as the\nacademic partner for the Arizona Chapter.\nPHOENIX BUSINESS JOURNAL\n2010 to 2011\nMember of the CFO Advisory Board. Quarterly roundtable events focused on the CFO and what CFOs face in today\xe2\x80\x99s challenging\neconomic and business environment.\nHIGHLAND SHORES HOMEOWNERS ASSOCIATION\n1998 to 2000\nBoard member of very large homeowners association (1,800 homeowners) in Dallas, Texas, with an annual budget in excess of $1M.\nIncluded responsibility for 1400 acres of greenbelt and recreational amenities. Served as Treasurer of the organization.\nCHURCH COUNCILS\nServed a total of six years on various Church Councils. Held the positions of Treasurer and Financial Secretary.\nPROFESSIONAL ASSOCIATION MEMBERSHIPS\n\xef\x82\xb7 Arizona Society of Certified Public Accountants\n\xef\x82\xb7 Financial Executives International\no 2-time finalist in Arizona CFO of the Year Award\n\xef\x82\xb7 CFO Alliance\n\xef\x82\xb7 National Association of College and University Business Officers'