Tim Snoke has been named to the Secretary-Treasurer position by MSD’s Board of Trustees after a nationwide search.
Tim Snoke has been named to the Secretary-Treasurer position by MSD’s Board of Trustees after a nationwide search. Mr. Snoke replaces Brenda Schaefer, who left the position in February 2014.
Mr. Snoke brings over 20-years of treasury and financial management experience to the position, having most recently served as Assistant Treasurer with Ralcorp Holdings, Inc. Significant accomplishments during his time with Ralcorp Holdings include:
- Negotiated more than 35 financing and refinancing deals totaling more than $5 billion;
- Integrated cash management and financing function of more than 25 acquisitions;
- Implemented changes to a retirement program that helped maintain a pension funding ratio of approximately 90%, despite lower returns on assets due to market conditions;
- Saved an estimated $3 million in annual interest expense by leading a challenge to a ratings evaluation and securing a decision reversal to retain investment grade ratings;
- Improved working capital by over $40 million through an incentive based performance plan.
In addition to his professional experience, Mr. Snoke is involved in the St. Louis community through his active participation with the Wells Fargo Treasury Management Advisory Council, the Make-A-Wish Foundation of Missouri, St. John’s Lutheran School, and St. Lucas Evangelical Lutheran Church.
Mr. Snoke earned a Bachelor of Science Degree in Business Administration from Valparaiso University and Master of Business Administration Degree from Saint Louis University. He is also a Certified Financial Manager.
Mr. Snoke will begin his duties on May 19, 2014.