Tim Herrod, FCPA, FCA

Tim Herrod, Vice President Global Procurement, Albemarle Corporation, Charlotte, NC

Tim was appointed to the IFAC PAIB Advisory Group in January 2021. He was nominated by CPA Canada. He brings over 25 years of strategic leadership in procurement, finance, investor relations and sustainability, having led numerous transformative agendas across several multi-billion-dollar corporations. He is currently steering a global procurement transformation at Albemarle Corporation, a specialty chemicals company that is the largest producer of lithium for energy storage applications, focusing on operational excellence, innovation, and sustainability practices supporting differentiated multi-billion-dollar growth. He specializes in building high-performing, diverse teams, implementing advanced digital and data platforms, and fostering cross-functional collaborations.

Before joining Albemarle, Tim was engaged in roles like Senior Transformation Advisor and Head of Procurement at Federated Co-operatives Limited, Senior External Advisor to Bain & Company, and Vice President, Procurement at Nutrien Ltd. and PotashCorp.

Tim is very active on several advisory boards and councils, including as CPA Canada’s representative on the International Federation of Accountants Professional Accountants in Industry Advisory Committee, on the Advisory Board of Procurement Leaders, and on the Customer Advisory Board of TealBook, a world-leading AI and machine learning-based supplier data company.

Beyond his corporate involvement, Tim has been deeply invested in education, mentorship and governance. He has been instrumental in large projects reimagining future accounting and procurement professions, and is passionate about developing and delivering sustainability and diversity impact, not just as buzzwords, but as integral components of business strategy.