Tim Troast
Business Transformation | Strategic Planning & Execution | Revenue & Profit Growth | Mergers & Acquisitions | Product Lifecycle Management | Product Innovation
- Role
- VP, Portfolio and Offering Management at Honeywell Technologies
- Location
- Charlotte, NC, US
- LinkedIn followers
- 500 followers
About Tim Troast
As the son of an entrepreneur, business is more than a career path for me—it’s a legacy. My journey began at 11, mowing lawns and learning the ropes of business. With hard work as my compass, I’ve created my own luck and have never taken success for granted. For me, business isn’t just a job, it’s my DNA.Building exceptional teams, understanding nuanced problems, and fostering collaboration are my hallmarks. Authentic connections and dynamic leadership make organizations better by inspiring people to achieve the unthinkable. With an aspirational, results-driven leadership style, I foster inclusion and momentum through honest, transparent feedback. As a technologist, I empower teams with new tools to amplify results.My track record speaks volumes orchestrating success across diverse industries, backed by C-suite support. I am a deep, analytical thinker whose superpower is uncovering hidden gems within complex information, transforming raw data into practical strategies and data-driven execution. But beyond the numbers, I take pride in leaving matters better than I found them. Guiding organizations through challenging journeys, I’m not just a leader — I’m a steward of progress.Key Accomplishments: • Doubled NPI with a 10% cost reduction through organizational transformation. • Outperformed markets by 300% via strategic restructures and portfolio repositioning. • Achieved 15% over-performance on CSR initiatives using 25% fewer resources by creating a CoE. • Generated $1B+ in value through multiple successful M&A integrations. • Led digital transformation initiatives, boosting LIFR by 50% and CSAT by 320bp. • Delivered 20% profit improvement through aggressive portfolio management without impacting the top line. • Introduced innovative as-a-service offering, increasing profitability by 20% and offsetting hardware sales decline.
Experience
VP, Portfolio and Offering Management
Oct 2024 — Present · Charlotte, NC, US
Reporting directly to the Chief Strategy Officer and matrixed to the Chief Commercial Officer, led the enterprise-wide Offering Management function, driving a transformative growth strategy. Established a skills benchmark and capability assessment to develop portfolio management, VOC, and value creation capabilities. Census grew by 15% and turnover reduced by 20%. Introduced new Portfolio Management Capabilities through lifecycle stage analysis and GE/McKinsey frameworks identifying and redeploying RDE resources for 20% of decline stage portfolios to strategic growth segments. Stood up a closed loop Performance Management Center of Excellence with a robust, multi-modal learning and development strategy underpinned by enterprise-wide performance measurement. Tapped by the CEO to define a new growth strategy for an underperforming business. Completed a situational assessment including prioritized vertical market focus, streamlined channel coverage, reprioritized R&D allocation and redefined innovation priorities to accelerate impact for the new business President.
Education
Seton Hall University
Master of Business Administration - MBA, Marketing and Management
University of Miami
Bachelor of Science - BS, Chemistry
Skills
- Business-to-Business (B2b)
- Program Creation
- Product Launch
- Segmentation
- Pricing
- Cross-Functional Team Leadership
- Mergers & Acquisitions
- Account Management
- Program Management
- Solution Selling
- Sales
- Strategy
- Product Marketing
- B2b
- Direct Marketing
- Sales Process
- Strategic Partnerships
- P&L Management
- Market Research
- Multi-Channel Marketing
- Product Lifecycle Management
- New Business Development
- Go-to-Market Strategy
- Product Management
- Sales Operations
- Customer Retention
- Product Development
- Lead Generation
- B2b Marketing
- Business Development
- Sales Management
- Leadership
- Project Management
- Competitive Analysis
- Customer Experience
- Selling
- Marketing
- Introducing New Products
- Management
- Business Analysis
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