Meet Our Team

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Jeff Sorensen
Industrial Products Industry Leader

Jeff has over 23 years of experience working with a broad range of publicly held and private clients in a range of industries including manufacturing, consumer products, and technology industries. He has Global Engagement Partner experience with large SEC registrants and has a demonstrated history of successfully leading complex engagements. Jeff is currently the Global Engagement Partner for a large and highly complex multinational public company ($18B in revenue).Throughout his career, Jeff has demonstrated the ability to work collaboratively with his client and audit committees developing relationships that foster a partnership in an open, balanced and trusting environment. Jeff’s working style is consistently focused with ensuring open communications across all levels of management while delivering outstanding client service.

Jeff is a technical partner with an ability to apply technical requirements in an effective and practical manner. He has significant experience with complex revenue transactions, including software revenue recognition, mergers, acquisitions, divestitures, restructurings, debt offerings and other complex capital transactions. As an engagement partner, Jeff has worked with clients to address significant transformational changes as well as navigate complex accounting standards and other complex US GAAP, IFRS and SEC reporting challenges.

Through Jeff’s diverse client experiences, including his international tour and multiple offices, Jeff has developed a strong global network of Partners – including the firm’s National Office. Jeff effectively leverages the broader expertise of PwC to better support his clients, as well as the execution of his engagements, with an emphasis on quality, timely and efficient service delivery.

Jeff has significant experience partnering with clients, including internal audit departments, in an effort to streamline audit execution while ensuring quality. Jeff has a deep and balanced perspective on the regulatory environment, including the Sarbanes Oxley Act. This balanced perspective, coupled with a practical and collaborative approach, consistently yields efficient and quality execution.

As PricewaterhouseCoopers’ US Industrial Products Assurance Leader, Jeff leads the Firm’s Industrial Products Assurance practice in the US, responsible for numerous global and national audit accounts across the country.


Michael Burak

Michael Burak is a tax partner based out of Florham Park, New Jersey, and serves as PwC’s US and Global Industrial Products Tax Leader and Global Chemicals Industry Tax Leader. Michael has more than 20 years of experience working with client tax professionals to tackle complex global tax challenges, effectively manage risk, minimize their global effective tax rates, and maximize cash. In addition to his client service role, Michael spends significant time working with and speaking to major chemical and industrial product trade and business associations regarding key tax challenges and opportunities.

Michael’s strong understanding and knowledge of client business and industry challenges has helped him provide many key solutions to his chemical and industrial clients in numerous areas, including FAS 109/IAS 12 income tax accounting, Sarbanes-Oxley 404 income tax accounting controls, environmental remediation and insurance recovery planning, international tax restructuring, federal tax legislative matters, and state and local corporate income tax minimization. A Certified Public Accountant, Michael is a member of the American Institute of Certified Public Accountants, and the Maryland, New Jersey, and New York Societies of Certified Public Accountants.


Bobby Bono

Bobby Bono is PwC’s US Industrial Manufacturing leader. He has served a variety of clients from international, publicly-traded companies to emerging, development stage companies. His experience includes significant involvement with multinational companies and SEC registrants in US GAAP accounting, Sarbanes-Oxley internal control and PCAOB auditing standards, financial reporting, SEC reporting, public registration statements, debt offering and comfort letters, and mergers and acquisitions. He has instructed a variety of technical trainings including revenue recognition, stock compensation, business combinations, and current accounting hot topics.

Bobby graduated magna cum laude with a B.S. in Accounting from Virginia Tech. He is a member of the American Institute of Certified Public Accountants and North Carolina Association of Certified Public Accountants.


Jonathan Kletzel

Jonathan Kletzel, PwC US Transportation and Logistics leader, has more than 15 years of experience helping clients develop and execute business and technology strategies with a focus on modernizing customer channels, optimizing operations, and improving cross-functional collaboration. Over the last 10 years, Jonathan has been serving clients in the travel and transportation industries. He has a successful track record leading M&A integration efforts that minimize the impact on customers, employees and partners. He has also helped develop organizational models that enable strategic objectives, ensure quality, and improve speed to market.


Steve Palagyi

Steve is the US Industrial Manufacturing Advisory Leader and is based in PwC’s Dallas office. With more than 25 years of experience with technology-driven companies, he has implemented major projects in the areas of global supply chain transformation, performance management, lean operations, product development, and new product introduction. Steve also has significant experience leading transformational projects for multiple industries, including large-scale systems, industrial equipment, aerospace and defense, electronics, and software.

Steve earned his BS in Manufacturing Engineering at the University of California at Berkeley and his MBA in Strategic Management and International Business at the Peter F. Drucker Management Center at the Claremont Graduate University. Steve has been certified as a Fellow in Production and Inventory Management (CFPIM) by APICS.


Marc Waco

Marc Waco is a partner based in Dallas and leads PwC’s Operations Consulting practice for industrial manufacturing companies in the United States. Focusing on energy infrastructure and oil field services companies, he aids companies’ operations improvement, from product strategy and engineering through manufacturing and distribution. Marc has conducted more than 100 distinct operations improvement projects during his 15-year tenure in the operations consulting field.

Marc earned a BS in Industrial Engineering at the University of Texas at Arlington and an MBA from the Cox School of Business at Southern Methodist University.

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