Jeff Stempora

Jeff Stempora Proven CEO | President | Certified Corporate Board Director | Executive Advisor | Fractional CEO Bloomington, Illinois, United States Summary as a Chief Executive Officer, I have extensive experience setting company vision and strategy, consistently aligning goals with value-generating activities to achieve growth and development, and scaling companies. I am passionate about setting the tone for companies and leading by example. I am also adept at championing corporate objectives and plans to create unity of purpose across organizations. I have often been recognized for developing and launching innovative products and programs, coming up with the big idea, and quickly turning around struggling businesses, producing billions of dollars in revenue growth. I have expertise in… – Creating cost reduction and consolidation plans which addressed extreme inter-company risk issues, moved locations from high-cost metro areas, and delivered on growth initiatives while achieving a $251M global operating cost reduction. – Establishing an enterprise vision of growth, developing competitive strategies, and achieving consensus on strategic priorities to realize $38B in top-line growth. – Collaborating with executive leadership and the board to create an enterprise strategy planning and initiative approval process focusing on critical opportunities and challenges preventing success, resulting in $1.1B of new revenues and turnaround of a failing business unit. – Restructuring business and processes to better align with value generating activities, and introducing Six Sigma, Agile development, and design-thinking processes, achieving a 61% increase in division productivity, and 55% expansion in division capacity. Comprehensive Career Success: – Collectively generated $96B in topline growth throughout career. – Achieved $38B in operational savings throughout career. – Delivering products to market in the IoT space for 25 years. Contact me: [email protected] Experience Reach Partners Group President & CEO February 2022 – Present (1 year 5 months) Lake Forest, Illinois, United States Sage Savant President April 2016 – Present (7 years 3 months) Bloomington, Illinois, United States Consulting firm providing executive and board guidance and fractional CEO/ Board services to corporate and independent clients in insurance and financial services. Deliver business growth, transformation, strategic planning, operational management and optimization, turn-around, M&A, corporate governance, and product and market development. ♣ Worked with client’s product management and actuarial teams to determine cause of a new product’s underperformance; identified issues and created a structured plan to reengineer the product, processes, and predictive models. New predictive models allowed the product to achieve underwriting profitability with a 59% loss ratio. ♣ Achieved 25% revenue growth for a PE portfolio company by devising effective growth strategies. ♣ Improved profitability of line of business by 26%, driving implementation of six sigma and new business processes for clients. ♣ Led clients through complex business transformation resulting in $800M in top line growth, developing new business strategies. Advanced Insurance Products & Services, Inc. CEO, President, and Board Member 2011 – 2016 (5 years) Erie, Pennsylvania Area Insurance telematics, insurtech, and advanced artificial intelligence solution provider within the financial services, cyber security, and automotive industries. Founded and grew the company from start-up, setting vision and building strategy to bring groundbreaking patents and products to market. ♣ Resolved hurdles preventing smartphone usage for insurance and fleet management products by developing the first smartphone-based solution that allowed driving performance monitoring without requiring phones to be stationary and without excessive battery drain, producing $18M in solution sales. ♣ Developed innovative insurance telematics solutions that could be readily branded and deployed, allowing insurance companies to compete in the market, resulting in $30M in solution sales. ♣ Expanded market share by acquiring $5M in funding to support corporate objectives. The EVOGI Group CEO, President, and Board Member 2010 – 2011 (1 year) Scottsdale, AZ Premiere provider of advanced vehicle telematics capabilities and associated information-based services for the P&C automobile insurance market. Led vision and strategy while directing business development, funding, business approach, marketing and branding, strategic partnerships, technology direction, and execution of exit strategy. ♣ Turned around company at risk of becoming insolvent by reengineering existing solutions and services to make the shift away from shipment tracking to telematics insurance solutions; rebranded and relaunched the company, marketed solutions, and negotiated agreements with first round of top insurer clients, securing a $5M contract with The Hartford. ♣ Formulated strategic partnerships with adjacent market solution providers and distributors, creating the first telematics ecosystem in the industry, ultimately bringing in $60M in annual revenues and achieving recognition as the number one solution provider in the industry. Erie Insurance Group Senior Vice President, Division Officer, Strategy & Technology and Board Member 2006 – 2009 (3 years) Erie, Pennsylvania Area A super-regional insurance company offering auto, home, commercial, and life insurance. Brought on to turn around the company and build comprehensive business strategies. Managed a $200M budget and 650 team members while also overseeing capital projects budget and approval process, monitoring results of corporate initiatives, leading the IT group, and serving on boards. ♣ Restructured business and processes to better align with value generating activities, and introduced Six Sigma, Agile development, and design-thinking processes, achieving a 61% increase in division productivity, and 55% expansion in division capacity. ♣ Collaborated with executive leadership and the board to create an enterprise strategy planning and initiative approval process focusing on critical opportunities and challenges preventing success, resulting in $1.1B of new revenues and turnaround of a failing business unit. Citi EVP, Global Head of Strategy and CAO 2005 – 2006 (1 year) Greater New York City Area Multinational investment bank and financial services corporation serving more than 300 million customer accounts. Managed a $4.6B budget, set corporate strategy, and led a global workforce of 13,000 employees, maintaining focus on operational risk management, growth initiatives, M&A, and revitalization of global operations. ♣ Devised a plan to integrate competing banks in Japan and satisfy country regulators, acquiring a $33B bank and integrating its operations within an 18- month timeframe. ♣ Created cost reduction and consolidation plans which addressed extreme inter-company risk issues, moved locations from high-cost metro areas, and delivered on growth initiatives while achieving a $251M global operating cost reduction. ♣ Established an enterprise vision of growth, developed competitive strategies, and achieved consensus on strategic priorities to realize $38B in top-line growth. THE FINANCIAL SERVICES ROUNDTABLE Chairman, Executive Risk & Security Committee and BITS Lab January 1998 – December 2004 (7 years) Washington, DC • Collaborated with CEOs of major financial and insurance institutions. Worked on a special Presidential Task Force to redevelop critical financial services infrastructure after 9/11. • Worked with industry leaders to establish the BITS Lab. Assisted the US government in creating the Department of Homeland Security (DHS) by restructuring and consolidating existing government departments and integrating combined operations within DHS. • Avoided unnecessary costly and complicated implementation of regulator imposed operational risk policy and compliance procedures by collaborating with industry peers to develop an operational risk management framework. • Developed a comprehensive framework to protect critical US infrastructure, working with industry CEOs. • Achieved recovery of US and global financial markets within three days after 9/11 through extensive global collaboration with financial services CEOs to implement recovery initiatives. State Farm ® Enterprise Strategy Officer and Board Member 1997 – 2004 (7 years) Bloomington/Normal, Illinois Area Recruited to improve company performance. Managed $2.4B annual enterprise capital budget process and initiatives, operations and services encompassing all lines of business. • Accumulated $13B in assets on deposit by creating the State Farm Bank and performing extensive market analysis of customer needs and developing one of the first online banks. • Realized $9.1B in top line growth, challenging current beliefs, vision and strategy through communicating new vision and potential of superior products to senior management and board. Education Illinois State University Master of Business Administration (MBA), Business Administration & Finance University of Virginia Darden School of Business the Executive Program (TEP), Advanced / Executive Management & Strategic Leadership DeVry University BSEE, Computer Engineering and Design