Over 25 years diverse experience. Expertise in Strategic planning, Financial analysis & reporting, Acquistions & Divestitures, Product costing and Manufacturing, company start up. Seeking CFO/VP Finance in small to midsize firm. |
PROFESSIONAL PROFILE
Results oriented leader with over 25 years of diverse financial and operational experience in both the selling/marketing and manufacturing sectors for companies ranging in size from Fortune 500 to privately funded start-ups. A record of demonstrated results with expertise in:
- Strategic and Business Development Planning - Acquisition/Divestiture Planning and Integration
- Financial Planning, Analysis and Reporting - Product Costing and Sourcing Analysis
BUSINESS EXPERIENCE
Indepedent Consultant Nov 2010 to present
Project based freelance consultant assisting small to midsize companies in the areas of strategic planning, financial management and start up development objectives.
Universal Pest Solutions, LP – Dallas, Texas Nov 2007 to Oct 2010
Chief Financial Officer and Equity Partner
Member of a four person management team recruited to create and launch a private equity funded start-up Company commercializing pest control products in the $300 MM mosquito control category. Responsible for all financial, risk management, legal and HR elements of the company.
- Developed initial five year Strategic Business and Financial plan. Plans were used to successfully raise over $6MM from the private investment community.
- Secured $800,000 in debt financing used to finance seasonal production requirements.
- Designed and implemented accounting system and related financial controls to monitor business performance and support growth in sales.
- Established sales performance metrics and trade channel/customer profitability analysis to eliminate unprofitable accounts.
- Implemented company plan that reduced monthly expense burn rate by 25%.
- Negotiated and finalized all product supply agreements with third party manufacturers.
Proctor & Gamble (The Gillette Company) - Boston, Massachusetts June 1980 to May 2007
Director of Finance – New Business Development 12/03 to 5/07
Reporting to the Oral Care Global President, responsible for the pre and post-acquisition planning, analysis and integration of acquired businesses as well as the developing the divestiture plans for businesses sold.
- Led cross functional business teams responsible for designing and implementing the integration of two acquisitions ($100MM revenue) into the Gillette business structure. Sales of the acquired business grew more than 50% in the 24 months following integration.
- Completed due diligence and negotiated critical elements of the Purchase Agreements for two acquisitions for the Oral-B business unit.
- Developed Sale prospectus and presented financial overview to prospective buyers for divested businesses.
- Acted as primary business liaison and relationship manager between Gillette and acquired/divested businesses pre and post transaction.
Director of Finance – Global Manufacturing and Technical Operations 6/02 to 12/03
Managed and developed headquarters finance department for newly created organization, providing financial and operational analysis of the companies 30 manufacturing and technical centers.
- Analysed and implemented changes in the North America consumer services group resulting in annual savings of $3.2mm.
- Redesigned and simplified process for application of period manufacturing expenses to inventory ensuring consistency with GAAP and statutory reporting requirements allowing for a 12% reduction in fiscal closing cycle and improved forecasting accuracy.
- Standardized and simplified cost accounting processes across all business units which was the cornerstone in the group achieving its $50MM cost reduction program.
- Developed and implemented process for monthly recurring fiscal projections.
Director Internal Audit - Western Hemisphere 4/01 to 6/02
Responsible for the management and operation of the Internal Audit function for all Gillette operations in the Western Hemisphere.
- Revised audit process in North America to reduce report generation time by 40%.
- Led internal investigation of the largest employee fraud case in company history resulting in reforms to the expense approval processes.
- Designed and implemented training program for audit staff of 27 in Boston and Mexico City.
- Coordinated outsourcing of Internal Audit function to Deloitte & Touche in June 2002 resulting in annual savings of $500k.
Controller - Manufacturing & Technical Operations, Stationery Products Group 7/95 to 4/01
Managed all financial aspects of a global Manufacturing/Distribution operation supporting sales of $800MM. Scope of responsibilities covered seven manufacturing facilities in six countries.
- Conducted cross factory sourcing analysis resulting in annual savings of $7MM.
- Developed, implemented, and managed a $35MM restructuring program for a factory closure resulting in annual savings of $10MM and a reduction in period headcount of 150.
- Managed $40MM capital budget, including preparation and ROI review of new product programs.
- Standardized cost accounting and inventory valuation procedures for all factories following acquisition of The Parker Pen Company and integration of the India Joint Venture enabling cross factory sourcing comparisons.
Controller - Braun UK Ltd. Sunbury-on-Thames, UK 8/91 to 7/95
Responsible for all financial functions (including IT) for a $175MM subsidiary selling small electrical appliances operating in the United Kingdom and the Republic of Ireland. Assumed responsibility for the Materials Management function in 1993.
- Reorganized Finance Department resulting in 10% reduction in annual costs.
- Restructured Credit Department resulting in 20% reduction in overdue receivables and 24% reduction in Days Sales Outstanding.
- Analyzed and implemented reorganization of the Irish operation resulting in a 17% increase in sales and 5% decrease in costs.
- Consolidated warehouse and specialty pack operation resulting in annual savings of $300K.
- Developed customer Profit & Loss and Trade Channel Profitability Report.
- Launched the introduction of EDI solution for handling of service agent claims resulting in improved customer service levels and reduction in staff.
Other positions held: 6/80 to 8/91
- Financial Planning Manager - Cost Accounting Supervisor
- Strategic Planning Analyst - Consolidations Accounting
EDUCATION
Babson College Wellesley, MA
B.S. - Concentration in Accounting/Finance – Graduated with distinction 9/76 to 5/80 |
