Tim McKean is Chief Financial Officer (CFO) of Morton Salt, Inc., a leader in the salt industry for more than 165 years. In this role, McKean leads the Finance and Accounting functions of the $1.7 billion company headquartered in Chicago, Ill. He was appointed to this role on July 29, 2014 after serving as the Director of Financial Planning, Analysis & Cost Accounting when he joined Morton in September 2013.
With nearly 3,000 employees across the U.S., Canada and the Bahamas, Morton Salt has established itself as the trusted authority on salt in North America based on a tradition of excellence and a comprehensive portfolio of products that continue to pass the test of time. McKean’s contributions at Morton have been critical to the company’s financial success and include revamping the company’s product margin reporting and forecasting process, leading a company-wide cost savings program, driving a new financial planning process and instituting a strategic P & L structure for the category marketing department. His leadership and guidance has helped enhance financial structure and visibility to significantly increase the company’s profitability while better informing business analysis and strategy.
Prior to being named CFO of Morton Salt, McKean held a series of management roles at Robert Bosch. Most recently, he was Vice President – Finance for the Garden and Watering Business at Robert Bosch’s Power Tool Division. In this role, he was responsible for the Financial Planning and Analysis, Procurement and Logistics functions. Tim has more than 20 years of financial analysis, planning and forecasting, manufacturing cost controlling, and strategy experience. He holds a B.S. in Accounting from Ball State University and an MBA from Northwestern University’s Kellogg School of Management.