LEADERSHIP SUMMARY
Accomplished Senior Financial Executive with exceptional ability to decipher, interpret and communicate complex finance and operating issues to provide management with deep insights. Led operational financial management as Group Controller, VP Finance and Audit Manager, successfully serving as a trusted advisor to nine very different CEOs. Responsibilities covered up to 15 operating divisions in U.S. and Europe with total revenue of $1.2 billion. Held major responsibilities for strategic planning and business acquisition due diligence, participating in over 40 acquisition and divestiture situations. Managed all phases of financial reporting, planning, cash management and financial analysis and directed accounting, audit and MIS departments. Solved business problems across multiple industries, including automotive supplier, manufacturing and long-term contractors. Experience also includes 10 years of public accounting. Passed CPA exam with second-highest score in the nation.
CAREER HISTORY
MARYGROVE COLLEGE, Detroit MI 2005
Marygrove College is a liberal arts college serving 4500 students with revenues of $40 million.
Interim Vice President for Finance and Administration
Responsible for Financial Services, Human Resources, Facilities, Security, Technical Services, Financial Aid, the Bookstore, the Copy Center, the Conference Center and Food Service while the College conducted a search for a permanent Vice President.
LITTON INDUSTRIES - WESTERN ATLAS - UNOVA, INC 1983-2004
Western Atlas was a $3 billion spin-off of Litton Industries, and UNOVA was a $1.4 billion spin-off of Western Atlas. All were New York Stock Exchange public companies under SEC rules.
LAMB TECHNICON UNOVA INDUSTRIAL AUTOMATION SYSTEMS
Warren, MI 2000-2004
$650 million business within nine operating units in North America and Europe providing specialty machine tools and welding systems.
Vice President Finance-Group Controller Lamb Operations
Reporting to CEO, led staff of 80 finance and MIS employees with $7 million operating budget. Conducted operations and plan reviews, contract performance reviews, and budget approval meetings for automotive-related machine tool companies. Directed global MIS department, approved technology purchases, and prioritized global MIS development and programming efforts.
Reacted promptly and effectively to cut costs and save the company in face of unprecedented sales decline from $650 million to $200 million. Quantified problem and played key leadership role in developing response plan. Cut $70 million in indirect costs, people and facilities. Successfully achieved delicate balancing act between cutting too deep and not cutting deep enough.
Led the development of the first-ever strategic plan at Lamb Technicon in 1990, and from then on was responsible for driving the annual strategic planning and goal setting efforts.
UNOVA INDUSTRIAL AUTOMATION SYSTEMS, INC, Warren MI 1996-2000
$I billion global group manufacturing capital equipment primarily for the auto industry.
Vice President Group Controller
Functioned as Chief of Staff for Group President. Organized all operations and plan reviews, and strategic planning sessions.
Led efforts to acquire and integrate three companies, including the machine tool portion of Cincinnati Milicron to create $500 million growth in group sales.
Developed an acquisition-briefing book, which investment bankers highly praised. Saved company $200 million by convincing management not to go through with the acquisition they had already approved when due diligence showed hidden issues.
Redesigned and simplified format for financial presentations, and developed non-financial key performance indicators for a more complete scorecard. New format adopted by Corporate for all divisions.
WESTERN ATLAS INDUSTRIAL AUTOMATION SYSTEMS, Beverly Hills, CA 1993-1996
A $1 billion global manufacturing Group in machine tools, bar code and material handling.
Vice President Group Controller
Established annual operations planning and strategic planning requirements for this new company, after spin-off from Litton. Wrote the Group policy manual establishing financial policies and approval requirements.
Developed annual goal-setting program with monthly tracking which achieved $10 to $15 million savings each year, helping offset margin pressures from customers.
LITTON LAMB TECHNICON DIVISION & MACHINING & ASSEMBLY SUB-GROUP,
Warren, MI 1988-1993
$300 million capital equipment manufacturing division with locations in US, Canada, and UK
Vice President Finance & Sub-Group Controller
As only Litton employee added to Lamb Management after purchase, integrated privately-owned company into the Litton Management structure and won acceptance by Lamb management, while still serving as Littons control on its investment.
Maintained profitable operations in all years despite cyclical nature of the industry.
Obtained export financing for a $40 million equipment line sold to the Soviet Union. When Soviet Union dissolved, traveled to Russia and successfully renegotiated the deal with Russian government. Company was paid in full.
LITTON INDUSTRIES, INC, Des Plaines, IL 1983-1988
Regional Audit Manager
Ran 15 person separate office performing financial, operational and due diligence audits.
Rescued the purchase of Lamb Technicon by analyzing complex tax issues that were of sufficient concern to Litton to break off negotiations. Determined the actual tax exposure, explained it to corporate management and convinced Litton to do the deal.
DELOITTE HASKINS & SELLS, Chicago, IL 1973-1983
Audit Manager, Senior Accountant, and Staff Auditor
Responsible for audit engagements serving manufacturing, consumer goods, public utilities, service organizations, broker dealers and non-profit companies.
EDUCATION AND PROFESSIONAL ASSOCIATIONS
BS, Accountancy (Highest Honors), University of Illinois at Urbana-Champaign, 1973.
CPA, May 1973. Received Sells Silver Medal for second highest score in the nation.
Member of AICPA, Michigan CPA Society and Financial Executives International. |
