Joseph Diegel CBA
Member Board of Advisors
Joe is a seasoned financial and operations executive who has dealt with multi-site global manufacturing as well as domestic financial and government entities. He has acted as General Manger, Chief Financial Officer, Chief Restructuring Officer and Board Member in numerous commercial and financial turnarounds along with public sector work.
Joe has over 25 years of general management, financial management, controllership, M&A transaction, fraud investigations, business controls and board advisory experience. He has been a member and/or a trusted advisor of the board of directors of several privately-held companies, a member of the strategic advisory board of a group of multiple international companies and a key advisor to the board of emerging companies preparing for their initial public offering transactions. He has been the Chairman of both strategy and global capital investment committees of several boards. Joe has directly dealt with and resolved serious incidents of financial irregularities in both the domestic and international arena.
Joe’s professional work began with Certainteed Corporation where he held various controllership positions in the financial department eventually working with the senior executive team in developing the company’s new Vinyl Building Products venture.
Following Certainteed, he became VP & CFO of a community bank in Philadelphia with over $100M in assets. He sat on the Board of Directors of the Bank and acted as Treasurer. Next he became VP & CFO of Bethlehem Wire Rope Works in Pennsylvania and also sat on the Board of Directors of the company as Treasurer.
Joe was recruited from Bethlehem, to become the Duty Major (appointed), CFO and Chief Restructuring Officer of the City of Williamsport Pennsylvania when the Home of the Little League descended into financial chaos. In less than a year, working with the City’s Police, Firemen and Municipal Workers union leadership, Joe reestablished the City’s financial integrity.
Moving from Williamsport to Elkem Corporation, Joe assumed the role of CFO of Elkem American Carbide. He also held the position of CFO for a Joint Venture between Elkem and Airgas Corporation and sat on the Board as Treasurer for that Joint Venture.
Joe moved from Elkem to Metallurg Inc. a Fortune 1000 Company where he was CFO eventually becoming VP and General Manager of Shieldalloy Metallurgical Corporation. He was responsible for all aspects of financial and risk management for this $240 million global multi – plant division with both union and non-union employees. Joe served on the Board as Secretary. Joe was part of the Executive team which took this public company through a complex equity transfer transaction to a private ownership structure.
Joe spent several years as a professional consultant with Navigator Associates’ Corporate Turnaround Services as the Managing Director of the Practice. His middle market clients spanned the corporate world including high-tech, medical, telecommunications and others.
After Navigator, Joe joined Alliance Corporation as VP & CFO, responsible for a group of 37 operating companies from global manufacturing to commercial and residential real estate. Joe held full oversight of operations in the Latin America and China, where he led the investigations into serious irregularities which threatened the financial integrity of the entire Corporation.
Joe was brought on at Felman Production LLC as CFO and Chief Restructuring Officer. Felman is part of a one Billion dollar U.S. division of a major European metals enterprise. He successfully generated their first audited financial statements in over 5 years.
Following Felman Production LLC Joe took a Controller position with Special Metals Corporation which is a Precision Castparts Company. PCC employed 28000 people worldwide at 159 locations. Joe oversaw the Finances of three plants in multiple states with the Huntington W.V. plant being the largest plant in the entire PCC network with over 1000 employees at the time. It is also a Navy Nuclear site. Its Nickel is used in every plane flying and every Nuclear Submarine manufactured. In the first year of his tenure there PCC was purchased by Warren Buffett for $32.3 Billion dollars, the largest acquisition Mr. Buffet ever made. Joe coordinated all the purchase accounting for his facilities. It included conducting oversight on inventories of over $28M dollars of spare parts and 30,000 assets.
Following Special Metals Joe was recruited by Empire State Mines as Director of Finance, Procurement, and I.T. It is a collection of deep shaft Zinc mines that are over 100 years old. They were bought in 2017 by Titan Mining Corporation out of Vancouver B.C. after being on care and maintenance for 10 years. Joe had to set up everything from the ground up.
This included all Financial Controls as well as developing the Financial reporting for the company. At the end of the first year of business Joe concluded a successful Internal Controls Audit and a successful Year End Audit both by E&Y. He also developed the computer systems and security. Today there is fiber and systems at every level of the mine down to 3600 FT.
Joe holds a BS in Business Administration and Accounting at LaSalle University in Philadelphia. He also has completed MBA studies at St. Joseph University in Philadelphia in Finance and Strategy. He is a Certified Board Advisor and a Certified Internal Controls Auditor.