Mark Bidstrup
Executive Vice President and CFO, Hexion Inc.
Professional Overview
Mark Bidstrup is an accomplished finance executive with over 25 years of experience in the chemicals and manufacturing industries. As the Executive Vice President and Chief Financial Officer of Hexion Inc., he oversees all financial operations, strategic planning, and risk management for the global specialty chemicals company.
Experience Summary
Current Role
In his current role as Executive Vice President and CFO of Hexion Inc., Mark is responsible for leading the company's financial strategy, directing capital allocation, and driving operational efficiency. He has been instrumental in guiding Hexion through significant business transformations, including the successful integration of recent acquisitions. Under his financial leadership, Hexion has achieved impressive results, including consistent year-over-year growth and improved profitability.
Career Progression
Prior to his current position, Mark held several senior finance roles within Hexion and its predecessor company, Borden Chemical. He served as the SVP and Treasurer at Hexion, where he managed the company's global treasury operations and led key strategic initiatives. Earlier in his career, Mark was the Division CFO for Hexion's Epoxy Phenolic Resins Division and the Performance Resins Group at Borden Chemical, where he played a pivotal role in driving operational improvements and enhancing financial performance.
Academic Background
Mark holds a Bachelor of Science degree in Accounting from Ohio State University. He is a Certified Public Accountant (CPA) and has extensive experience in financial reporting, forecasting, and strategic planning.
Areas of Expertise
- Financial management and strategic planning
- Treasury operations and capital allocation
- Mergers, acquisitions, and post-integration integration
- Performance optimization and operational efficiency
- Risk management and regulatory compliance
Professional Impact
Throughout his career, Mark has demonstrated a strong track record of driving positive change and delivering tangible results. He has been instrumental in securing favorable financing terms, optimizing working capital, and implementing cost-savings initiatives that have enhanced Hexion's financial position and competitiveness. Mark's strategic insights and leadership have been crucial in guiding the company through challenging market conditions and positioning it for long-term success.
Conclusion
With his extensive experience, strong financial acumen, and collaborative leadership style, Mark Bidstrup is a valuable asset to Hexion Inc. As the company's Executive Vice President and CFO, he continues to play a pivotal role in shaping the company's financial strategy, driving operational excellence, and delivering sustainable growth.