By Jennifer Erb
When Don Suray came to college, he thought he would get an engineering degree and return to his hometown of Weirton, WV and eventually become the plant manager of Weirton Steel. Originally he thought, he would study Mechanical Engineering, but moved to Industrial in his sophomore year.
When he graduated from college, he took a job with Woodward & Lothrop a large retail chain. After a short time, he did return home to work with Weirton Steel (WSX). While at WSX, Don had experience in traditional Industrial Engineer, human relations, and finance. It was the finance experience that shaped the rest of Don’s career.
While at WSX, Don earned a Master of Science in Industrial Administration (Now MBA) from Carnegie Mellon University. The CMU graduate program was mostly engineering and courses were very quantitative.
Don eventually moved from WSX to join Merck & Co., the pharmaceutical company. At Merck, he was the manager of International Treasury Services. The threshold moment for Don’s career came when he joined Amkor Technology, a multinational semiconductor assembly and test company. Don was the Assistant Treasurer and had major responsibilities in financial management. This responsibility set the tone for future career moves at the senior executive level.
In total Don has worked in six different companies all in different economic segments. “My IE skills plus my MBA have given me the tools that I can apply to any type of business,” Don says.
Don also comments on how important a former boss has been to his career. “A number of the opportunities I have had have come from a former boss who was also a mentor to me,” Don says.
VP Treasury & Risk Management
Don Suray is a diversified finance professional with experience in treasury operations, financial planning and reporting, risk management, leasing, financial accounting, business support, mergers & acquisitions, and debt and equity issuances. He has developed multi-million dollar business plans and capital investment analyses. Excellent multitasking and organizational skills, and proven ability to influence business partners. His career experience is outlined below.
Noranda Aluminum (NORN) Nashville, TN 2015-present
$1.3 billion dollar integrated aluminum manufacturer with operations that include mining, refinery, smelter, and flat roll finished products.
Direct the treasury operations of Noranda’s 12 legal entities located throughout the US and Jamaica. Managed companywide liquidity and implemented cash flow forecasting process.
SVP Worldwide, LLC (private holding of Kohlberg & Company) Nashville, TN 2006-2015
Half-billion dollar global manufacturer and distributor of Singer, Pfaff and Viking sewing machines.
VP Treasury & Risk Management
Directed the treasury operations of over 20 sales and marketing companies and three manufacturing sites located throughout Europe, Asia, North and South America. Responsible for directing global liquidity, analyzing investment opportunities, and forecasting cash flows.
American Water Works Company, Inc. Voorhees, NJ 2005-2006
Two-billion dollar water and wastewater services company operating in the US and Canada.
Oversaw $1billion plus of invested assets associated with company pension, VEBA and 401K plans. Managed a $2 billion tax-exempt debt portfolio. Responsible for short term and long range cash flow forecasting, and for analyzing investments associated with military privatization initiatives and unregulated water service projects.
Amkor Technology, Inc. Westchester, PA 2002-2005
Two-billion dollar publicly traded multinational semiconductor assembly and test company.
Assistant Treasurer, 2003-2005
Analyzed debt refinancing and equity issuance strategies. Directed cash management operations and company-wide equipment leasing program. Oversaw treasury policies to ensure regulatory compliance (GAAP, FASB, SOx) and internal control.
Director of Treasury, 2002-2003
Responsible for day-to-day cash management, bank account reconciliation and short term cash forecasting. Analyzed investment opportunities. Executed foreign exchange and interest rate hedging strategies. Responsible for maintaining commercial banking relationships. Analyzed/negotiated all equipment lease arrangements. Managed staff of two.
Merck & Co., Inc. Whitehouse Station, NJ 1997-2002
Manager International Treasury Services, 1999-2002
Worked with international finance managers to develop financial plans for over 60 foreign marketing and manufacturing entities. Planning activities were used to set inter-company transfer prices, formulate tax strategies, determine working capital requirements and optimize investment income. Managed monthly close and reporting cycle to consolidate foreign investment income and interest expense. Investigated material variances to forecasts and provided commentary to CFO and senior staff. Audited foreign banking activities and advised on managing bank exposure risk. Managed one senior financial analyst.
Assistant Plant Controller, 1998-1999
Sr. Financial Analyst, 1997-1998
Performed financial reporting, multi-departmental budgeting and capital investment projects.
MBA with concentration in Finance
Carnegie Mellon University Tepper School of Business Pittsburgh, PA
BS in Industrial Engineering – West Virginia University Morgantown, WV