SUMMARY OF QUALIFICATIONS
Versatile, analytical and responsive Senior Financial Executive with extensive experience in manufacturing in both the domestic and international arena. Innovative problem solver who thrives on challenges, is calm under pressure, and gets the job done. Resourceful team builder with excellent interpersonal and communication skills. Financial leader with an exemplary track record of initiating and managing change, defining and implementing long-term strategies, and impacting bottom-line financial results. Skills include: M&A, strategic planning, process redesign, systems implementation, international operations, controllership, treasury, tax, investor relations, and financial reporting. Consistently provides value-added advice that enables management to meet shareholder objectives.
BUSINESS EXPERIENCE
Director of Finance, CONSULTING NJ 2000 - 2001
$2.3B multi-national consulting business (IPO recent)
Directed M&A activities, reported to the CFO.
* Completed acquisitions in Europe, Asia and Latin America from $10M to $50M.
* Lead team that resolved joint venture accounting issues.
* Supported initial public offering.
Chemical Company Midwest 1993 - 2000
$2.4B multi-national specialty chemical company with 28 plants in 9 countries.
Vice President & Controller 1998 - 2000
Corporate Controller 1993 - 1998
Directed the worldwide accounting organization including policies and control systems, financial reporting, strategic planning, budgeting, forecasting, and identifying potential areas of risk and opportunity. Managed 8 direct reports, staff of 169 and reported to Chief Financial Officer.
* Lead Task Force that redefined business processes, identified requirements of and implemented a major IT upgrade, and developed improvement projects to pay for the upgrade. Completed implementation of sales quote to cash, financials and requisition to payment for both US and Europe; achieved operational view of the company and widened availability of data for decision-making. Improvement projects included:
Reengineering the purchasing process for distribution services and maintenance items, saving $6M annually.
Refining the billing and collection process, reducing DSO by 6 days or $7M.
Implementing a tax strategy for European operations that halved costs.
Introducing cross-functional teams as a problem solving technique.
* Led team that completed a $300M leveraged spin off of a $500M subsidiary. Activities included analyzing alternative exit strategies; preparing all financials, due diligence and offering documents; and, coordinating activities of investment bankers and lenders.
* Provided leadership to the business units in developing, analyzing and implementing a restructuring program that eliminated under-performing assets, rationalized operations, and saved $20M annually.
* Transformed the company’s performance measurement system, its understanding of how to create shareholder value and its approach to evaluating investment alternatives by introducing and implementing EVA.
* Developed strategic planning process including guidelines and methodology that encompassed market analysis, competitive analysis and financial implications. Worked with business units to ensure process was understood and followed. Assisted in the development of action plans and Board pitch.
* Achieved clearer, fact-based and more consistent message to shareholders that demonstrated management’s command of the business by: analyzing results compared to prior periods; holding regular discussions with unit financial people to confirm and enhance understanding; and, reviewing information with senior management for quarterly analysts’ conference call.
Chemical Company CT 1983 - 1993
$2B multi-national manufacturer and distributor of chemicals, metals and munitions.
Vice President & Financial Officer / CFO, Basic Chemicals Division 1992 - 1993
Directed all financial activities for a $650M division and provided support services to $500M Performance Chemicals division. Reported to Division President. Managed 10 direct reports and 94 support employees.
* Assumed responsibility for floundering IT and order fulfillment project, driving the evaluation and replacement recommendation to conclusion and managed the implementation. Resulting in improved customer service, order management and delivery performance.
* Hired trained and mentored Special Project Manager who was eventually promoted to Division CFO.
* Restructured accounting department; eliminated unnecessary tasks; simplified or computerized activities; and, trained organization in high performance work teams, resulting in an annual saving of $1M.
Vice President & Financial Officer/CFO, Electronic Materials Division 1989-1992
Directed all financial activities for a $300M manufacturer of specialty chemicals with operations in the U.S, Europe, Japan and Singapore. Directed staff of 45. Reported to division president.
* Developed and negotiated, as member of senior team, a $100M joint venture.
* Along with the President, developed restructuring plan for the division, sold under-performing businesses, restored a JV to profitability, directed consolidation of IT, and downsized accounting.
Financial Officer, International Div. 1986 - 1989
Directed financial activities of $300M division with operations in Europe, Asia Pacific, Latin America and So. Africa
Corporate Director of Accounting 1983 - 1986
Senior Manager, KPMG, LLP, Stamford, CT. 1972 - 1983
Financial Reporter, DUN & BRADSTREET,
Maywood, NJ 1969 - 1972
EDUCATION
Masters Program in Finance, PACE UNIVERSITY
B.A., Economics, FAIRFIELD UNIVERSITY 1968
Certified Public Accountant.
Professional training courses in Creating the High Performance Organization, Economic Value Added, Reengineering, Activity Based Costing, and SAP. |
