Successful global financial leader with experience in multiple industries and functions. GE and GE Capital training, strategic planning, start-up and closure experiences, financial analysis, cash, receivables, inventory, logistics, purchasing and systems management. |
Toshiba America Information Systems, Irvine, CA 1999-2009
Chief Financial Officer & Chief Information Officer 2004-2009
Led all financial and information technology matters for a $2.6B revenue PC, Storage and Telecommunications company. Worked closely with President to develop company strategy, policies, compliance and controls and provide solutions to drive revenue growth in multiple business units. Drove cost and asset efficiency while creating technology solutions to drive revenue growth.
•Restructured company by reducing headcount by 18% in March. Exceeded FY2008 profit target by 26% vs. prior year. Implemented annual cost reductions of $15MM for 2009.
•Reduced fixed costs from $315MM to $130MM annually over past five years. Exited unprofitable product lines and transitioned manufacturing, engineering, IT and distribution operations to cost effective offshore locations.
•Successfully developed the Toshiba North American IT Shared Service Center serving 6 other Toshiba entities. Generated ongoing, annual savings of $2.7MM.
•Successfully implemented Oracle ERPs across five business units. Upfront planning allowed for successful and timely migrations. Completed under capital budget and all deadlines met while minimizing costly customizations.
•Reduced IT costs by 60% from $16MM per year to $7MM per year in past 4 years.
•Instituted value-added monthly management reviews featuring standard strategic measures for 5 P&L centers. Delivered executive and operational dashboard solutions.
•Reduced 17 leased facilities and outsourced logistics and service for efficiency. Introduced tightened company processes and policies to streamline discretionary costs.
Chief Financial Officer 1999-2004
•Restructured company in 2004 to return PC business to a profitability following severe international business losses in the prior five years. Reduced headcount from 1225 to 874.
•Outsourced non-value added functions, downsizing IT employment from 164 to 68 in five years.
•Delivered dramatic cash flow improvements. Generated over $230MM of cash in five years. Accelerated cash inflows by improving inventory days from 28 to 11 days and decreasing DSO from 54 days to 45 days. Extended payment terms to most vendors. Maintained Asset-Backed Security compliance.
•Managed integration of three incremental Toshiba product lines.
•Leveraged Six Sigma methodology to improve processes, revenue growth and cost efficiency.
Corporate Controller 1999
•Reduced closing cycle from 7 to 2 days.
•Spun off $500MM Toshiba copier business.
General Electric Corporation 1981-1999
GE Capital Mortgage Insurance, Raleigh, NC 1998-1999
Vice President – Sales Productivity
Sales role in developing improved sales performance tools.
•Implemented Siebel CRM solution that drove 20 % increase in sales force productivity.
•Increased CEO visibility to sales targets by territory.
GE Capital Mortgage Insurance, Raleigh, NC 1996-1998
Vice President - Financial Planning & Analysis
Financial planning, monthly analysis and executive presentations for the 2nd leading Mortgage Insurer in the world. Directed 12 employees in a $970MM Revenue business with 970 employees.
•Prepared many successful company CEO presentations delivered to GE and GE Capital CEO’s.
•Recognized by CEO for outstanding contributions to efficiency and doubling profit in 1998.
•Selected by CEO to improve sales productivity.
GE Capital Vendor Services, Nashville, TN 1995-1996
Manager- Financial Planning & Analysis
Strategic planning, business integration and monthly analysis for a newly formed Telecom Financial Services unit. Led a 9 person team that supported rapid leasing and financing growth.
•Converted Nortel systems to GE portfolio in 4 months.
•4 acquisitions drove earning assets up to $800MM
GE Capital, Atlanta,GA 1994- 1995
Strategic Business Development Leader
Led a six employee, multi functional organization in the start up of a new business venture in telecommunications.
Gem Products, Inc., Affiliate of GE, Garden Grove, CA 1991-1994
Vice President Finance, Systems, & Administration
Controllership for $40MM, 175 employee stand-alone, manufacturing, sales, and distribution GE affiliate
•Partnered with President to double profits and integrate GE best practices.
•Delivered record $5.1MM cash flow. Developed 11 direct reports.
GE Power Generation, Charlotte, NC 1989-1991
Manager District Finance
GE Appliances, Consumer Service, Louisville, KY 1987-1989
Operations Analyst
GE Appliances, International, Louisville, KY 1985-1987
International Financial Analyst
GE Appliances, Louisville, KY 1983-1985
Auditor GE Appliances, Louisville, KY 1981-1983
Financial Management Program
Development of GE’s future financial and general management leaders.
BSBA Finance / Economics, Miami University, Oxford, OH 1981
GE Financial Management Program 1981 - 1983
GE Management Development Institute 1991 – 1999 |
