About Irene

IRENE S. SUDAC

New York, NY

A strategic Qualified SEC Financial Expert for complex global manufacturers with $1B+ annual revenues.

Industry insights regarding B2B & B2C manufacturing, financial services, insurance, & ecommerce.

NACD Directorship Certified, 2021 | Digital Directors Systemic Cyber Risk Board Governance certification, 2023.

Avid interest in arts & effective strategy | Expert in: Capital Markets ● Cybersecurity Oversight ● M&A Acquisition.

BOARD EXPERIENCE

MADISON DEARBORN PARTNERS, LLC (MDP)—$23B management buyout and venture capital firm. 2020 – present.

Basic Industries Advisory Group Member

Work with MDP Basic Industries Sector Team in an independent (non-MDP-employee, non-MDP-officer, non-MDP-affiliate) capacity offering final assessments of North American-based global corporations for MDP portfolio company acquisition consideration, such as discussed:

  • Supply chain/FX options for plastic container manufacturer; talent training best practices for aerospace/defense component manufacturer.

ALZHEIMER’S ASSOCIATION—National board for the global leader in Alzheimer’s/dementia advocacy. 2020 – present.

Board Director; Chair, IT Security Work Group; Nominating/Governance & Audit Committees; plus working group focus on investments.

GOODWILL INDUSTRIES of Southeastern Wisconsin, Inc.—$300M largest sector of $6B revenues parent nonprofit.  2011 – present.

Chair, Board of Directors; Audit/Risk/Compliance; Nominating/Governance; HR/Compensation; Executive Committee

Guide Goodwill management on financial reporting, financing, retirement funds, governance, CEO performance assessments, new Board member approvals; and overall strategic direction and vision of the organization, including special projects, such as:

  • Implemented best practices that have improved cash and debt forecasting.

  • Worked closely with new CEO and management team on market research/launch and leading successful rollout of GoodwillFinds.com, a new social enterprise ecommerce venture offering a marketplace for secondhand goods to fund community programs across the U.S.

SNAP-ON INCORPORATED— $4.5B NYSE-listed global manufacturer.  2010 – 2023.

Senior Board Member, SN SecureCorp’s captive insurance company and President, Snap-on SecureCorp’s captive insurance company covering franchisees’ auto/inventory/product liability coverage—actively involved with these two insurance firms’ national/global boards:

  • Approved/monitored financial et al reporting, overall Firm oversight. Final approval of corporate strategy and performance objectives.

  • Reviewing/ratifying risk management, internal compliance/control systems; codes of conduct; legal/regulatory compliance.

OTHER EXPERIENCE

ENERICADUS, LLC, New York, NY. 2023 – present.

A consulting firm focused on private equity & corporate boards’ strategic issues that propel further profitable growth.

CEO

Identify/strategize capital market, treasury, and branded products’ expansion of margins, gaining market share, competitive analysis, pricing.

SNAP-ON INCORPORATED, Kenosha, WI. 2010 – 2023.

A $4.5B NYSE-listed B2B manufacturer of global specialty accoutrements/systems for critical undertakings.

President, Snap-on SecureCorp—two captive insurance firms with double digit annual revenue growth (2014 – present).

Ran captive insurance companies with full P&L responsibility, solid growth. Engaged in GAAP/statutory financial statement preparations.

  • Strategized leveraging brand equity with premium pricing and superior customer service, resulting in 85% participation/purchase of captive insurance by franchisees with almost a 100% retention rate and 50% profit margins.

Head of Finance, Snap-on Inc. | Snap-on Credit Corporation (“SOC”)—a $2B captive finance company (2010 – present).

Responsible for corporate/franchisee risk management, global financial services, including: corporate finance, captive credit, insurance (auto, general, product liability; crime; cyber security; D&O; E&O; fidelity; umbrella coverage), and Treasury operations.

  • Managed financial statements, accountable for full P&L, lead 300 employees with SOC President /SOI Treasurer as direct reports.

  • Actively contributed, as part of parent company’s Disclosure Committee, in SEC financials, including reviews; approved 10Qs/10Ks.

  • Presented to Board annually regarding capital structure, captive credit company financials, and D&O insurance coverage.

  • Participated in China, Portugal, Spain, and Italy international board meetings.

  • Introduced dashboard summary that succinctly covers capital structure, corporate debt ratings, insurance, and risk.

  • Aligned cyber security team: led initiative for Cyber Security readiness. Increased finance company operating income +200% in 8 years.

Prior positions were with CABOT CORPORATION, a $3B NYSE-listed global diversified specialties material manufacturer with 80% revenues generated in Europe, Asia, and South America; PHILIPS, a €18B Euronext-listed Dutch multinational consumer products  technology company; and CS FIRST BOSTON working with global M&A, off-balance sheet financings, and structured synthetic leases for B2B/B2C manufacturers.

Irene earned BROWN UNIVERSITY’s AB in Economics, magna cum laude; HARVARD BUSINESS SCHOOL’s MBA in Finance & International Business; NYU Stern School of Business’ Certificate of Accounting; & Stanford’s Digital Transformation certificate.