SENIOR FINANCIAL EXECUTIVE
Accomplished Senior Financial Executive with a highly successful record of continuous growth, contribution and promotion at the corporate and subsidiary levels of diverse Fortune 500 companies. Significant achievements in creating and implementing strategies and tactical plans to promote growth and profitability.
Strengths and Experience:
Financial Management - Strong earnings and cash flow improvements, excellent abilities in financial analysis, planning and forecasting, SEC and external communications.
Operations Management - Solid background in reengineering, start-up, turnaround activities, retail operations, sales and marketing support, credit/collections, billing and project management.
P&L - Significant achievements in margin improvements, cost reductions, organization redesign and restructure.
Leadership - Proven capabilities in retaining, developing, motivating individuals, organizations and cross-functional teams.
PROFESSIONAL EXPERIENCE
TENNECO AUTOMOTIVE, Lake Forest, IL 2001-2004
Controller/CFO
NORTH AMERICAN AFTERMARKET DIVISION-$500 MILLION PARTS MANUFACTURER AND DISTRIBUTOR.
Traditional Controller responsibilities as well as strategic business planning, pricing, sales/marketing support, credit/collections, billing/receivable management, and control environment for manufacturer and distributor with 2 distinct product lines, 3 plants, 4 distribution centers, over 17,000 SKUs and more than 2,000 customer shipping locations.
* Successfully directed achievement of earnings and cash flow growth for two consecutive years, despite 5%-6% year over year decline in revenues.
* Restructured finance organization, eliminating 10% of workforce.
* Led design and implementation of new Accounts Receivable strategies and work processes. Two-day improvement in DSO and reduction in outstanding receivable issues of over $10M.
* Provided financial evaluation and recommendations on deal structures for significant new business opportunities of over $40M. Awarded 90% of that business.
* Participated on warranty review and design team, led financial analysis and obtained stakeholder approval resulting in over $3M cost reduction.
* Identified opportunities, obtained stakeholder approval and implemented changes to obsolete inventory reserve resulting in $1.2M cost reduction.
* Divisional responsibility for implementation and approval of Sarbanes Oxley, SEC filings and external communications.
INDEPENDENT CONSULTANT 2000-2001
* Provided financial analysis, interpretation and documentation support for legal case, which helped set the strategic direction of the case and ultimately resulted in a more favorable outcome then expected.
* At Tenneco Automotive, directed overall process as well as developed the financial analysis section of the company's first quarter 2001 10Q SEC filing, meeting the desired filing deadline. Also prepared multiyear financial discussion of results by product line for potential business transaction, meeting target deadlines.
AMERITECH CELLULAR & PAGING SERVICES, Hoffman Estates, IL 1996-1999
Vice President Finance CFO
$2 BILLION WIRELESS SERVICE PROVIDER.
Comprehensive CFO responsibilities as well as partnership reporting and relationships, product/ service pricing, credit/collection policy, retail operations, dealer transactions, contract negotiations and receivable management of stand-alone wireless unit. Team Lead for dynamic multi-site non-traditional finance and operational organization with staff of 175.
* Finance executive on key team that formulated, communicated and implemented new company strategy. Directed verification of customer value strategy, identified and implemented new financial measures. Earnings nearly doubled while gains continued in revenue and customer growth.
* Devised and managed multi-functional process ensuring attainment of revenue generation and cost reduction initiatives. Achieved nearly $500M in cost reductions company-wide over a three-year period.
* Developed and presented financial information to generate interest, satisfy due diligence and maximize sale price of properties to be divested. Properties sold for over $3.2B, up significantly from expectations.
* Designed tracking and evaluation process to assess monthly compliance with business sale contract provisions. No compliance issues noted and price adjustments were less than 1%.
* Developed first ever fraud multi-year strategic plan, lowered fraud losses by over 80% and reduced headcount by 50%. Fraud levels were industry leading.
* Reorganized finance organization to strengthen effectiveness through business partnering, improved speed and quality, eliminated redundancies and streamlined operations. Headcount reduced by over 30%.
AMERITECH CORPORATION, Chicago, IL 1993-1996
Director Accounting, Budgets & IT
$16 BILLION TELECOMMUNICATIONS PROVIDER.
Directed consolidation, accounting, planning, budgeting and forecasting processes for multi-division Corporation. Significant responsibility for assessing current and future results, recommending actions and achieving earnings targets each and every quarter.
* Supported Investor Relations, SEC reporting and Key Senior Executives in understanding and interpreting financial results and assisted with external positioning and disclosures in all communications.
* Led conversion of all financial processes/systems, analysis and reporting from legal entity (geography based) to business unit (product/customer based) for management reporting.
* Redesigned planning and closing processes, including conversion to new consolidation system. Reduced planning cycle by 28% (two months) and close process by two days.
AMERITECH LEASING SERVICES, Rolling Meadows, IL 1992-1993
Controller
TELEPHONE AND COMPUTER EQUIPMENT LESSOR.
Managed the financial, tax and payroll functions of 70-person company with multi-million dollar lease portfolio. Improved profitability with customer bid process revisions, redesigned sales compensation, restructured finance support, established benchmarks that improved cycle time, reduced overtime.
AMERITECH PROPERTIES CORPORATION, Chicago, IL 1988-1992
Controller
REAL ESTATE SERVICES AND CONSTRUCTION COMPANY.
Directed key start-up activities for new project management business, including incorporation and five-state licensing. Established and implemented controls, policies and procedures plus directed the finance, accounting, tax, treasury, personnel, benefits and administration functions of company with a staff of 35 managing numerous contractors.
AMERITECH CORPORATION, Chicago, IL 1983-1988
Manager Financial Reporting
Established and directed multi-state SEC reporting function covering 6 reporting entities.
* Started as Supervisor of $9B start up and promoted to Manager.
ARTHUR ANDERSEN, Chicago, IL 1978-1983
Senior Staff Auditor
EDUCATION
B.S. Accountancy, Illinois State University
CPA May 1978
PROFESSIONAL DEVELOPMENT
Executive Management and Leadership Courses
Six Sigma Champion Training |
