PROFESSIONAL SUMMARY
Results oriented seasoned executive with proven track record over 20 years in diverse environments covering a breadth of functional areas including finance, internal audit, general management, and manufacturing. Significant experience in global markets, start-up ventures, turnaround situations, and creating successful operations in China and India. Extensive background in building materials, chemicals, and plastics industries. Recognized for commitment to mentoring and developing people, building performance driven teams, and leading them to achieve desired goals.
PROFESSIONAL EXPERIENCE
OWENS CORNING 1984 - 2004
Leader in building materials systems and glass composites with $5 billion sales and 18,000 employees worldwide.
Vice President and General Manager
Composite Solutions Group - Toledo, OH 2003 - 2004
Full P&L and Balance Sheet responsibility for global business segment generating $250 million sales annually, serving automotive, construction, and recreation markets. Accountable for all functions including sales, marketing, manufacturing, technology, supply chain, HR, and finance. Reported directly to Group President.
· Doubled earnings in 2003 over prior year levels:
· Executed realignment of manufacturing facilities, including closure of high cost plant
in Europe. Achieved overall manufacturing cost reduction of 10%.
· Accelerated introduction of low cost, offshore manufactured products for use in price
sensitive markets in North America, increasing gross margins by 25%.
· Developed new Strategic Plan:
· Refocused sales, technology and manufacturing resources on higher-end,
differentiated product lines.
· Initiated alliances and licensing with external manufacturers for low cost, commodity- oriented products.
· Increased ROI from 4% to 13% over three year planning period.
Vice President
Corporate Audit Services - Toledo, OH 2000 - 2002
Responsible for a progressive internal audit function that assisted senior management in meeting the strategic goals of the corporation. Directed staff of 25 professionals who ensured compliance with policies and regulations, existence of adequate controls, and provided business advisory services to the company’s five operating units. Reported directly to CFO and Audit Committee of the Board of Directors.
· Accelerated transfer of best practices company wide, generating over $ 2 million of
incremental cash in 2002.
· Selected by CFO to lead $ 10 million project, reengineering company’s Accounts
Payable, Cash Management, and Inter-Company Accounting processes, preparing
corporation to meet Sarbanes-Oxley Act requirements.
· Served on Board of Directors for three joint ventures in China. Provided guidance
and oversight to leadership team, improving EBIT from – 8% (in 2000) to 12% (in
2002).
· Championed identification and recruitment of MBA’s and cross-functional experienced
hires for Audit, focusing on top tier talent that eventually move into finance and
operations management positions.
· Appointed by CEO to lead team charged with preparation of all documentation required
for Chapter 11 filing.
Vice President and Controller
Insulating Systems Business - Toledo, OH 1999 - 2000
Division CFO responsible for all reporting, analysis, budgeting, strategic planning, mergers and acquisitions for $1.5 billion operating unit, encompassing seven individual market segments and 38 manufacturing facilities. Led staff of seven direct reports and over 40 finance professionals throughout organization.
· Collaborated with President to generate dramatic financial turnaround, delivering 95%
increase in earnings over 1998 levels. ROI improved from 15% to over 25%.
· Led disciplined approach to price/capacity management, manufacturing productivity,
and efficient use of working capital.
· Implemented use of shareholder value added (SVA) theory and concepts throughout
organization.
· Spearheaded development of Strategic Plan. Focused additional emphasis on less
capital intense, higher growth-oriented service segments, complementing traditional
manufacturing based product portfolio.
· Appointed by President to lead turnaround of lone non-profitable, $ 100 million market
segment. Restructured business, and became earnings contributor within one year.
Managing Director
Owens Corning India, Asia Pacific - Bangalore, India 1996 - 1998
Served as General Manager of start-up joint venture operations in India, responsible for sales, marketing, manufacturing, supply chain, application development, finance, and HR functions. Had full P&L responsibility for business generating $ 40 million sales annually, serving automotive, construction, telecommunications, and electronics industries. Reported to Asia Pacific President as well as OC India Board of Directors.
· Leadership of all functions related to building a $ 105 million Greenfield facility, from
gaining OC Board of Directors approval to plant startup. Completed project under
budget and on schedule.
· Secured $ 85 million in external financing. Negotiated legal and financing agreements
with local joint venture partner, institutional investors, and various lending institutions.
· Served as lone expatriate during time period. Developed staffing and organizational
design plan for 250 personnel (50 salary, 200 hourly).
· Expanded sales from virtually zero to 30% market share in India over three-year
period.
Finance Director
Owens Corning India, Asia Pacific - Bangalore, India 1995
Responsible for all financial and administrative functions including controller, treasury, tax, audit, and information systems.
· In conjunction with Managing Director, completed detailed feasibility study on local
market potential, new facility justification, and financing recommendation for senior
management.
Division Controller
Global Windows Division, Toledo, OH 1993 - 1994
Responsible for all financial and controller related functions of a $ 7 million business unit.
· Directed accounting, finance, and credit functions.
· Developed new strategic plan recommending divestiture of business.
Finance/Supply Chain Manager, Resins Plant - Valparaiso, IN 1991 - 1993
Insulating Systems Business ($ 900 million dollar division): 1984 - 1991
Operations Manager, Fabrication Center - Grand Rapids, MI 1989 - 1991
Senior Production Planner - Toledo, OH 1987 - 1989
Financial Analyst - Toledo, OH 1986 - 1987
Financial Development Program, Plant - Waxahachie, TX 1984 - 1986
EDUCATION
MBA - THE OHIO STATE UNIVERSITY, Columbus, OH 1984
Major: Operations and Logistics Management
BS - WRIGHT STATE UNIVERSITY, Dayton, OH 1982
Majors: Finance and Production Management.
BOARD MEMBERSHIPS
Boys and Girls Clubs of Toledo, Ohio
PROFESSIONAL DEVELOPMENT
Owens Corning Leadership Program: Facilitated by Professor Ram Charan
Strength-Based Teams: The Gallup Organization
Breakthrough Thinking - Leadership, Team, and High Performance: GAP International, Inc. |
