GLENDALE HEIGHTS, Ill--(BUSINESS WIRE)--Becker Logistics, a third party logistics company, announces that Tim McKean accepted the position of Chief Financial Officer (CFO) effective October 18, 2021. This position reports to the Chief Executive Officer, Jim Becker, and will lead the finance department towards their ten-year business plan to meet or exceed 1.8 billion in top line sales.
“My confidence in Tim has been demonstrated through Q4 of 2021. He is an excellent match for this position and a strong asset to the Becker Logistics executive team. He has the skills, patience and acumen to assist with future acquisitions, diligence and growth of the company,” says CEO Jim Becker.
Prior to accepting this position, Mr. McKean served as Vice President Finance and CFO OU Americas at Morton Salt for the last seven years. Tim graduated from Ball State University in Muncie, Indiana with a degree from the Miller College of Business and has a Master of Business Administration from Northwestern University – Kellogg School of Management.
Mr. McKean brings experience and a proven track record of success in the finance area, which will be invaluable in meeting the company goals and objectives. A few of his main accountabilities will be overseeing more than 200 company controls, budgeting/forecasting, SOX compliance, cash conversion, capital value and being on the M&A team just to name a few.
When asked what he is most excited about, Tim replied, “The opportunity to get to know everyone in the business and work together to grow the company, increasing value both organically and through external acquisitions (non-organic growth).”
Becker Logistics grew from $73M in 2020 to $125M in 2021 reporting an organic growth of over 71%. This level of growth is not uncommon for Becker Logistics over the last ten years according to Jim Becker. “Over the past 25 years when we have planned for exponential growth, there were other areas we failed to look at and we grew from each and every one of them, helping us assist in this exponential growth. Today times are different. We have an excellent board, great board of advisors and a capable executive management team to steer us into the future. We are targeting similar growth in 2022.
"As an organization grows quickly, there are other facets that a company has to put time and effort into to make sure that we are heading towards true north. Bringing Tim on now while targeting this growth allows us to explore what we need. Additionally, our lead board of director that heads up the financial committee will work with Tim to carry out the financial vision of the company. Tim’s accountability is what he brings to our organization will help with our growth. We are thrilled to have Tim with us on this journey guiding Becker Logistics and helping us to drive toward our objectives."
If you would like to learn more about Becker Logistics you can do so at their website, www.BeckerLogistics.com. Additionally, if you have any questions you can reach out at marketing@beckerlogistics.com.
