John M Kaestle
7617 West Mercer Way
Mercer Island, Wa 98040
425-445-6585
PROFESSIONAL EXPERIENCE
HaloSource, Inc., Bothell, Washington
2004-2011
CEO and Board of Directors, Water Technologies and Anti-Microbial Solutions
Borden Chemical, Columbus, Ohio
2001-2003
GM and EVP, Forest Products Chemicals & Resins Business
Weyerhaeuser, Inc., Tacoma, Washington
1981-2001
CFO, VP Sales and Logistics, General Manager, Containerboard Packaging
Arthur Andersen Consulting, Hartford, Connecticut
Senior Consultant
EDUCATION
MBA, Tuck School Dartmouth College
BA, Haverford College
1977-1979
HaloSource, Inc
• Company
Global Water Technologies (Drinking, Environmental and
Recreational) and anti-microbial textile solutions with
operations in US, India, and China.
• Positions Held
– President and CEO and Board of Directors
• Accomplishments
– Led transformation from research lab to fully
commercial company
– Commercialized core technologies into value creating
products and built out sales channels
– Built out operations and supply chains in India, China,
Pakistan, Israel, Brazil
– Raised $140M in private and public capital
– Took public in London in 2010 (over-subscribed IPO)
$160M market cap
• Results
– Grew Revenue 5X
– Established cost effective supply chains and operations
– Established international partnerships in India, China,
Pakistan, Israel, and Brazil.
Borden Chemical, Inc
• Company
$900M Global Forest Products Chemicals, Resins and
Adhesives business with 2,100 employees, 37
operations in 9 countries.
• Positions Held
– EVP and GM Global Forest Products Business reporting
to the CEO and Board
• Accomplishments
– Led turnaround of global operations- Brazil, US, Canada,
Australia, Malaysia, China, UK, Netherlands, Chile,
Columbia
– Leveraged technology to grow business and re-establish
profitability
• Results
– Grew revenues by 25%
– Reduced operating costs by 30%
– Increased Operating Profit by 30%
Weyerhaeuser Co
• Company
Global $4.5B Containerboard, Packaging and Recycling
business with 12,000 employees in 100+ operations.
• Positions Held
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VP ContainerBoard Sales and Logistics
Board of Cedar River Paper Co (JV)
Chief Financial Officer
General Manager (2 facilties)
• Accomplishments
– Integrated two major acquisitions
– Rationalized transfer pricing
– Implemented trades to optimize trim, grade mix, freight,
quality
– Successfully completed $105M ERP project that had
twice failed
• Results
– Record operating results
North America
• Operating Locations
– US
– Canada (BC, Alberta, Ontario, Quebec)
• Products
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Containerboard
Packaging
Recycled Materials
Resins and Adhesives
HCHO Formalin
Environmental water treatment solutions
Point-of-Use Drinking Water
Recreational Water
Anti-microbial Textiles
• Channels
– B2B (Industrial, Commercial, VAR’s and Distributors)
– B2C (Retail, Manufacturing Partners, and Distributors)
Latin America
• Operating Locations
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Mexico
Brazil
Argentina
Chile
Costa Rica
Venezuala
Columbia
• Products
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Containerboard
Packaging
Resins and Adhesives
HCHO Formalin
Environmental water treatment solutions
Point-of-Use Drinking Water
• Channels
– B2B (Industrial, commercial, and Distributors)
– B2C (Partners, and Distributors)
Asia Pacific
• Operating Locations
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China
India
Japan, Korea
Singapore
Malaysia
Australia
Pakistan
• Products
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Containerboard
Packaging
Recycled Materials
Resins and Adhesives
HCHO Formalin
Environmental water treatment solutions
Point-of-Use Drinking Water
Recreational Water
Anti-microbial Textiles
• Channels
– B2B (Industrial, Commercial, VAR’s and Distributors)
– B2C (Retail, Manufacturing Partners, and Distributors)
European Union
• Operating Locations
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UK
Netherlands
France
Israel
• Products
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Containerboard
Resins and Adhesives
HCHO Formalin
Recreational Water
Point-of-Use Drinking Water
• Channels
– B2B (Industrial, Commercial, and Distributors)
Other Background
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Acquisitions
Divestments
90 Day Integrations
Joint Ventures
International Partnerships
Intellectual Property and Protection
Strategies
$105M ERP System
London IPO with Blue Chip Investors
Extensive Board and Governance
Experience
Regulatory Processes- US and
International
Financial Background
• Financial Roles
– CEO HaloSource- led thru full commercialization
and successful IPO, trained the CFO
– Led Borden Chemical ($900M private global
chemical co, owned by KKR)
– CFO Containerboard Packaging and Recycling
(Weyerhaeuser Co)
– Finance and Planning Director Containerboard
Packaging (Weyerhaeuser Co)
– Investment Analyst Investment Evaluations
(Weyerhaeuser Co)
– Senior Consultant Arthur Andersen & Co
(Software, General consulting, cost management)
Financial Background
• Capital/Fundraising
– Raised $140M in private and public capital- VC’s, angels,
PE, Sovereign Wealth Funds, Private Co investments,
pre-IPO, and convertible debt
– Completed successful IPO in London in 2010 (oversubscribed by 3X)
– Assembled blue chip investor base- Invesco Perpetual,
Investec Asset Management, Baille Gifford, Foreign and
Colonial, Fidelity, Origo Partners, Masdar Cleantec Fund,
Britannia Holdings, Mars Corporation, Unilever
• Banking
– Established international company structure to manage
liabilities and minimize tax exposures- Hong Kong, India,
China, Brazil
– Established and managed national and international
banking relationships in India, China, US
Financial Background
• Acquisitions
– Mead/Westvaco Containerboard Plants
– Willamette Containerboard system
– AquaPill bolt-on
• Integrations
– Completed 90 day integration of Westvaco plants
into Weyco system
– Oversaw integration of AquaPill business into core
HaloSource Recreational Water business
• Divestitures
– Sold bulk chitosan mfg business to Primex in
Iceland
– Sold bio-medical PAD business to supply chain
partner
Financial Background
• Financial Planning and Analysis
– Key Metrics and scorecards
– Results and Analysis
– Forecasts and Business Planning, Annual Budgeting and
Planning process
– Quarterly Review and Forecasting Processes
– Management Accounting and Analysis
• Internal Controls
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Led Internal Audit function
Led “special investigations” and prosecutions
Designed and implemented risk based controls
Familiar with Sarbox compliance and 404
Strong background in FCPA
• IT
– Led $105M ERP system build and implementation for
8000 users, 65 plants- on time, on budget, after 2 prior
failures
– Led Containerboard Packaging and Recycling IT function
– Built first global user support center (24x7)
Financial Background
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Capital Budgeting
– Evaluations and presentations of major capital projects
and expansions
– M&A and financings
– Built operations in Mexico, China (2), India, Brazil
Reporting
– Lead Company spokesperson to analyst community for
earnings calls and business updates
– Monthly Board Letters and analyses
– Annual Reports to shareholders
Board presentations and communications
– Monthly and Quarterly reporting
– Business presentations and analyses
– Led strategic discussions and sponsored major initiatives
including country and market entries, major
commitments to new operations
Investor relations
– Numerous meetings and conference calls in London,
Singapore, Beijing, and New York
– Served on 10 public and private Boards
– Annual Shareholder’s meetings
– Angels, Venture (VC’s), Private Equity, Private Cos,
Sovereign Wealth and SRI Funds, Institutional Investors
Financial Background
• Board roles
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Public Company
Private Company
Joint Ventures
Community and non-profit
• Community Service
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Led highly successful United Way Campaign
Economic Development
Chamber of Commerce
Rotary International
Retail Business Improvement District (Led creation
and implementation)
– Youth Football and Basketball coaching
Personal Background
• Married
– Born in Watertown, NY
– Lived in Connecticut, Massachusetts, Pennsylvania, New
York, Wisconsin and Washington
– Three sons
• Interests:
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Hiking and backpacking
Youth Football Coaching
Community Service
Weight lifting and Fitness
Fishing and crabbing
• Community Service
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Chamber of Commerce
Economic Development
United Way
Rotary International
Retail BID Initiative