High energy FINANCIAL EXECUTIVE with strong background in operations management, manufacturing, information systems and FP&A across complex, multi-site international operations. Start up, turnaround M&A experience. Profit oriented, driver of change and an ability to achieve objectives. Team builder, strategic thinker. |
Chief Financial Officer - $170 Million Aerospace Manufacturing Company. Joined this Private Equity Group Portfolio company, with multi site international locations, as CFO chartered with a roll up and eventual exit strategy in this highly fragmented precision parts manufacturing sector of the aerospace industry. The Company has since grown to $ 170 Million revenue and tripled EBITDA in four years.
Helped drive the business turn around process. Developed key metrics and reporting, introduced standardized costing and product profitability analysis that allowed VPs and Business Unit Managers to make significant improvements to the top and bottom lines.
Developed long term IT/ERP strategy. Rebuilt the finance function improving talent at all levels following the total replacement of the prior executive group. Brought order out of chaos. Built credibility with the lenders and investors.
Successfully integrated the acquisitions.
Consolidated banks, health care plans, insurances and statutory audits saving several hundred thousands of dollars a year.
Introduced accounting, forecasting and cash management processes for a highly leveraged private equity managed company while balancing the need for cost effective GAAP reporting requirements.
Chief Financial Officer - $650 Million Marketing and Manufacturing Company
Responsible for over a dozen Business Units in North America, Mexico and Asia
Turrned Group from a significant Net Income Loss to Positive Net Income and then Improved year over year Net Income by $7.5 Million through focus on cost reduction and product margin improvement.
Developed strategies to exit non profitable non core businesses and to grow remaining core business at a multiple of the market growth rates.
Developed on-line scorecards with primary focus on growth and and margin improvement.
Reduced deployment time on SAP ERP roll out through use of kaizen and lean events on the actual conversion and deployment process and continually challenging the team to improve.
Re-built finance organization improving bench strength. Responsible for developing a Global Quote Cell to drive consistent costing and quoting to enable and support the growth plans.
Drove Sarbanes-Oxley (SOX) compliance through Group in a cost effective manner with zero control deficiencies.
Director of Finance / Controller - Global electronic manufacturer producing $2 Billion in division sales with total sales of $12 Billion
P&L responsibility for the downsizing and re-profiling of six building medium volume campus to high mix new product introduction.
Improved asset/cash performance, reducing AR (accounts receivable) past dues by 70% ($50Million) and 50% ($30Million) reduction excess assets in aged WIP (work in progress).
Saved $1 Million auditing accounts payable and re-appraisals of property tax.
Coached a financial team of 20-60 to produce more meaningful financial planning & analysis in shorter time frames with 70% fewer resources.
Sustained profitability despite 50% downsizing of business in three quarters. Focused cost reductions and resource right-sizing to meet ever-changing business requirements.
Improved forecasting processes. Re-introduced basic financial discipline and reporting. Automated numerous manual intensive reports. Eliminated financial surprises.
Chief Financial Officer - $20 Million entrepreneurial supplier to Electronic Contracting and OEM (Original Equipment Manufacturers).
Recruited to provide financial depth to private, multi-site international technology and manufacturing company in preparation for IPO (IPO did not materialize)
Developed strategic plans for geographic and product expansion including launching start up manufacturing operations in Mexico and Malaysia.
Built relationships with investors and banks. Provided financial credibility.
Improved sales and profitability, identifying, capturing, and reporting critical data.
Avoided 30% increase in health benefits costs, re-profiling benefits scheme and carriers. Saved $200 Thousand in taxes per annum, challenging the status quo and group structure.
Director of Finance & Administration / Division Controller (Division CFO) - $50 Million growing to $200 Million multi-site military manufacturing division of NYSE Corp
Recruited to facilitate turnaround and re-profiling of this Division. Responsible for sustaining military and growing the commercial and medical electronics design and manufacturing operations.
Turned around Division from loss to profitability. Drove operational improvement focus. Provided relevant, timely and reliable financial analysis and management information.
Saved $1 Million per annum in taxes by challenging the legislation interpretation.
Introduced formal forecasting systems and enhanced flex-budget processes. Migrated the Company from Government Accounting to more modern accounting systems including ABC (Activity Based Costing) with Balanced Scorecard in discussion phase.
Drove the multi-plant simultaneous implementation of a fully integrated ERP system in a very aggressive schedule. Installed on-line Executive Information System.
Finance Director Europe (CFO Europe) / Regional Controller
Recruited to start up the European Division of this $3 Billion electronic manufacturer. Responsible for multi-country banking relationships, local and regulatory reporting, IT/MIS, treasury and taxation.
Grew operations from single start up site to profitable international sites with $350 Million revenue.
Negotiated the acquisition and integration of other companies. Negotiated major multi-million dollar financial assistance packages with Government Agencies. Via customer contract negotiations, made multi-million dollar profit contributions to the region.
Built top class Finance / Accounting and IT/MIS organizations. Installed and migrated MRP and financial information systems throughout Europe and Asia.
Transferred from Europe to USA as Corporate ABC Manager, responsible for the design and implementation of a new, world wide, Activity Based Costing system.
Finance Manager - Industrial Machinery Manufacturer
Managed regulatory and financial reporting functions, taxation, foreign exchange, treasury and company secretarial matters for this manufacturer, subsidiary of a NYSE corporation.
Improved currency management and reporting for Europe. Made million dollar gains on controlled risk foreign exchange hedging. Trained in Japanese manufacturing methods.
Audit Supervisor PEAT MARWICK MITCHELL (now KPMG)
Trained in US GAAP. Managed major audits and reviews of US multi-nationals.
EDUCATION
INSTITUTE OF DIRECTORS OF UNITED KINGDOM
Diploma in Company Direction Equivalent Executive MBA
INSTITUTE OF CHARTERED ACCOUNTANTS OF SCOTLAND
Qualified Chartered Accountant equivalent CPA and Bachelor of Science (Acct.). Five year professional education, including intensive year at Glasgow University. All professional examinations passed at first attempt equivalent of being consistently in the top 10% of an extremely stringent qualification.
OTHER
GREEN CARD HOLDER
Authorized to work for any employer in the USA willing and able to relocate |
