FINANCE EXECUTIVE Highly adaptable strategic leader, equally successful in small, large, distressed and stable businesses. Consistently delivered strong results over a 20 year career in technology-oriented industries.
With an ability to define and translate strategy into action, earned reputation with executive colleagues as an exceptional problem solver, highly capable of synthesizing complex business, financial and people issuesa true right hand man. Repeatedly called upon to serve in this capacity to restore businesses to profitable levels and to identify new market and profit opportunities.
Skills include:
Strategic Planning/Execution Organizational Revitalization Cross Functional Leadership P&L/Cash flow Management M&A and Integration Financial Planning & Analysis GAAP Accounting Supply Chain Management Due Diligence
EXPERIENCE & ACHIEVEMENTS
THE ARCTURUS GROUP, Vancouver, WA 2009 to present
Strategy Consultant
Advise clients on strategies to penetrate US market. Analyze diverse industries and competitive landscapes, evaluating opportunities for client investment or acquisition.
Overview: Tapped to rapidly execute a brand or company acquisition for a Chinese manufacturing client seeking to enhance competitive presence and expand into US. Currently evaluating prospective targets with plans to bid on a company. On track to close deal within approved funding level and currently on schedule for planned IPO.
AGS TRADING COMPANY, Kuwait City, Kuwait 2009
Acting CEO/Managing Director
Sole proprietorship who are agents for building product manufacturers, selling to construction business.
Overview: Asked by family members to temporarily head up this foreign construction supply business, keeping it intact in a highly competitive environment and protecting its strong reputation through severe recession. Assume leadership role and stabilized operations. Successfully cashed out of the business after generating significant new business and paying off all liabilities. Kept the business reputation intact.
PLANTRONICS, Santa Cruz, CA 1995 to 2009 $700M business selling communication headsets and digital audio music devices.
Senior Director of Business Management Mobile Division (2008 2009)
Recommended by CFO to support Division Head in a Chief of Staff role. Accountable for operations effectiveness and coordinating key profitability initiatives between product management, channel marketing and finance for a $150M division specializing in Mobile Bluetooth technology.
Overview: Challenged to revitalize business suffering from ineffective processes and missed market opportunities. Improved gross margins on premier product line by 10 points and generated $1.5M of additional profit per product by implementing new channel strategy to eliminate gray market pricing. Quickly generated $2M in incremental margin by developing process to refurbish and sell, excess inventory. Added $13M of incremental sales in less than 4 months and gained 6 points in national market share while developing a competitive edge by re-engineering supply chain process. Reaped $2M in incremental profit in Q4 2008 and laid the foundation for $5-$10M in ongoing annual profit by developing business case for entering the Retail Club channel.
Senior Director Strategic Initiatives Altec Lansing Division (2007 2008)
Developed divisions strategic plan, set MBOs and kept the management team connected and in communication. As chief of staff, helped CEO and management team drive day-to-day activities for key profitability initiatives.
Overview: Originally faced with a business unit in disarray with fallen earnings, poor product planning and poor morale amongst management team. Accountable for completing integration of this $120M business. Integrated US and European business units; set the vision and brought together the best of 2 diverse organizations despite culture, systems and logistical constraints, generating 3 points of margin. Key member of team that changed sourcing strategy, resulting in 4% gross margin improvement. Instrumental in devising strategy to enter market for headphones, driving $7M in new sales.
Senior Director of Business Development and Integration (2005 2006)
Promoted to lead M&A activity. Reported to CFO with dotted-line report to CEO in this highly visible position.
Overview: Company embarked on new strategy to grow faster through acquisitions in adjacent markets. Led 2 acquisitions that complemented the core business, managing valuations, diligence and relationships with experts and counterparties. Oversaw companys largest acquisition, Altec Lansing, at $166M. Saved over $15M in new investment and opportunity costs after conducting feasibility study with engineers and recommending cancellation of a new product development initiative. Prevented write-offs in excess of $20M, by developing strategic plan to support business valuation.
Director of Corporate Financial Planning and Analysis (1999 2004) Controller of WW Manufacturing Operations and Product Development (1997 1999) Finance Manager of Engineering and Operations (1995 1997)
Managed teams responsible for controllership, business partnership and decision-making support to Executive team and all functions/divisions across the business.
Overview: At time of hire, no formal finance infrastructure or methodologies existed. Over several years, built a high performance organization cultivating talent and implementing scalable business systems and processes. Protected shareholder value of up to $200M by developing robust process for setting earnings guidance, strengthening revenue recognition/reserve analysis, and refining system for margin tracking. Designed and implemented key processes worldwide, including annual budget and forecasting, pricing, ABC costing, customer and product family P&Ls, project and portfolio planning, and management reporting. Developed impactful analyses to support ERP investment, logistics outsourcing, BV legal structure. Implemented financial systems such as Oracle Financial, Project, Hyperion, Business Objects. Led Sarbanes Oxley (SOX) compliance work for the Finance and Cost Accounting functions.
Unisys and Convergent Technologies 1988 1994
Early Career position with increasing responsibility in divisional, plant and corporate environments. Manager of FP&A / Manager of Cost Accounting / Financial Analyst / Staff Accountant
EDUCATION
MBA - STATE UNIVERSITY OF NEW YORK, 1988 BS Finance - SYRACUSE UNIVERSITY, 1986 |