Kenneth Kremsky is a strategic Finance executive with over 22 years of corporate and field manufacturing experience, focused on helping organizations to reduce costs and realize greater productivity. He has been steadily engaged in various roles for 18 years throughout several mergers and acquisitions at Mondelez / Kraft / Nabisco.

Formerly, Kenneth Kremsky is the former Assistant Financial Controller at Nabisco Biscuit Company from the year 199 till 2005. There he was responsible for

• Providing financial statements and monthly results
• Preparing of the Annual Operating Budget
• Maintaining Sarbanes Oxley Compliance
• Preparing bill of materials for all products including allocating fixed and indirect costs
• Developing detailed Direct Labor standards which resulted in crewing reductions and significant cost savings
• Choosing to participate on several productivity teams that identify and implement cost savings throughout the Nabisco network
• Participating on both the Oreo and Premium network teams led to savings of ~$3MM annually, mainly through the One Cookie Out initiative and the Premium oil reduction project.

Kenneth holds an extensive training in Lean Six Sigma costing and financial analysis. Six Sigma Black Belt certification course is the final stage of the Masters program that will position you as an expert in implementing Lean, Design for Six Sigma (DFSS), Six Sigma Define, Measure, Analyze, Improve and Control (DMAIC) and Total Productive Maintenance (TPM).

With his knowledge he generated loss allowance savings of ~$700K over two years at Kraft Food Groups. There he was the Finance Lead and provided financial analysis for the Kraft Austerity team with the goal of reducing raw and packaging material losses by 5%, and reducing fixed expenses by 15% which was achieved. He has developed a daily management review process generating reports for reviewing the prior day’s results regarding variances. He also prepared weekly reports to review fixed labor and maintenance spending. This process was adopted by several other Kraft plants.


About Kenneth Kremsky

Currently, Kenneth Kremsky is working as the Senior Manager of Finance and Strategic Projects at Mondelez International, East Hanover NJ. He is the Finance lead for the Supply Chain Reinvention team projects focusing on the financial rationale, project optimization, and Capex spend. He works on process improvements and streamlining initiatives for all the facilities in North America. He has developed multiple IRR analytic tools which became the model for all in-house projects. Kenneth is the head of the worldwide SAP systems global harmonization team.

https://www.youtube.com/watch?v=AaRaRIr7Dg4