Proven leader as a Division Controller and Treasury Pension Asset/Risk Management Director for Fortune 300 companies. In-depth experience in global strategic planning, financial analysis, reporting, mergers, acquisitions, restructuring, start-ups, accounting, systems, risk management, pension and 401(k) plan design and investments. |
FINANCIAL MANAGEMENT
30 years experience in managing treasury, controller, and information services functions. Exceptionally strong record of contribution and diverse experience with four Fortune 300 companies from the shop floor to the corporate office during times of start-up, restructuring, and growth. Broad general management involvement in manufacturing operations, distribution, sales/marketing, legal matters, and human resources.
AREAS OF EXPERTISE:
Strategic/Operational Planning
Budgets & Financial Analysis
Cash Flow Forecasts & Control
Cost Analysis & Controls
Accounting & Reporting Systems
Investment & Capital Analysis
Mergers & Acquisitions
Turnarounds & Start-ups
Pension Asset Management
401(k) Plan Design & Investments
Risk Management
MIS Planning & Design
Joint Ventures/Partnerships
Team Building & Org. Development
Global Business
CAREER OVERVIEW
9+ Years
LEADING GLOBAL AUTOMOTIVE SUPPLIER
DIRECTOR, PENSION ASSET MANAGEMENT (1 Year)
Consolidated merged companies' pension and savings plans and improved the management of pension assets of $900 million and 401(k) assets of $270 million.
* Implemented plan to improve pension plan investment returns by over 100 bps by reviewing performance of pension investment managers and outsourcing of management of $500 million U.S. and Canadian pension plan assets to a new pension plan investment manager.
* Led project to merge two 401(k) plans, selecting administrator and improving investment options.
* Coordinated the funding recommendations with the actuaries and accountants to improve the pension funded status and develop asset allocation/liability studies worldwide.
MANAGER, PENSION AND INSURANCE (3 Years)
Led the development of the global risk management insurance program and oversaw $400 million of pension and 401(k) asset management for the spin-off company.
* Oversaw the risk management and pension integration issues associated with a multi-billion "merger of equals," three acquisitions ($400 million, $140 million, and $100 million respectively) and the divestiture of a $130 million business, as well as joint venture formations.
* Successfully launched the global insurance program for a new multi-billion spin-off company, saving $500,000 by conducting competitive analysis of the worldwide property insurance program.
* Led a steering team that developed a crisis management plan for the company.
* Replaced the administrator of a $270 million 401(k) plan, reducing the administrative cost by 72%.
* Faced with unreliable trust data for a Canadian $100 million pension plan, outsourced benefit accounting and control function, thereby improving filing requirements and reducing fiduciary risks.
MANAGER, PRICING AND BUSINESS DEVELOPMENT (2+ Years)
Led strategic analysis of $200 million Division's business portfolio.
* Led cross-functional teams in evaluation of sale of entire division plus two businesses with revenues of $7 million and $30 million, resulting in decision to retain businesses.
CONTROLLER, TRUCK COMPONENTS, Ohio (1+ Years)
Turnaround of $350 million division manufacturing and selling axles to OEMs. Supervised staff of 31.
* Developed a joint union/management Macro Redesign Plan for a High Performance Organization of over 70 self-directed work teams for a 40-year-old UAW enterprise with 1,200 employees in an 800,000 square foot facility.
MANAGER, FINANCIAL & STRATEGIC PLANNING - ON-HIGHWAY PRODUCTS (2 Years)
Supervised four direct reports, interfacing with 15 plant locations worldwide for a $1.2 billion group of six businesses.
* Developed and negotiated the business plan and capital structure for a $70 million joint venture with Russian truck producer and the European Bank for Reconstruction and Development
1988 - 1990
MANVILLE CORPORATION
Denver, Colorado
$2 billion leading supplier of fiberglass and wood products
DIRECTOR, FINANCE AND ADMINISTRATION - ENGINEERED PRODUCTS DIVISION
Directed and upgraded financial operations for $360 million division, supporting four businesses and 10 plants.
* Directed four-month project with Andersen Consulting which developed a five-year plan for installation of new integrated business systems, tying to business and competitive strategies and quantifying cost/benefits.
* Supported a $25 million new plant start-up by identifying risks early.
* Led activity-based cost management project to determine accuracy of standard costs, focus attention on "cost drivers," and proactively report key performance indicators.
* Developed planning models and procedures for rolling sales forecasts, financial statement projections, and budgets for operating expenses, inventory, capital spending, and staffing.
1976 to 1988
CLARK EQUIPMENT COMPANY
Buchanan, Michigan
$1.2 billion leading manufacturer of lift truck, front-end loader, Melroe equipment, and axles and transmissions.
CONTROLLER - CLARK COMPONENTS NORTH AMERICA (1983 - 1988)
Accountable for all financial, accounting, and systems functions for a restructured $150 million division.
CONTROLLER - JACKSON, MICHIGAN PLANT (1981 - 1983)
Turnaround transmission plant's general accounting, inventory and internal controls, as well as budgeting and planning functions.
DIVISION CONTROLLER - COMPONENTS ENGINEERING AND MARKETING DIVISION (1979 - 1981)
Establish $250 million division, with emphasis on sales/marketing strategies, competitive and pricing analysis.
CORPORATE ACCOUNTING DEPARTMENT MANAGER (1976 – 1979)
Responsible for financial statement consolidation, internal and external financial reporting, corporate budgets, and special financial studies.
1970 – 1976
FORD MOTOR COMPANY, Lincoln-Mercury Division
Dearborn, Michigan
- Manager, Profit Reporting (1975 - 1976)
- Section Supervisor, Profit Reporting (1974 - 1975)
- Unit Supervisor, Pricing Analysis (1974)
- Unit Supervisor, Fleet and Leasing Program Budgets (1972 - 1974)
- Financial Analyst positions (1970 - 1972)
EDUCATION AND OTHER EXPERIENCES
* Member, Board of Directors, Automotive Axles Limited, Mysore, India - Rockwell joint venture.
* Participated in various seminars, including Center for Creative Leadership’s "The Looking Glass"
* Traveled in Europe, South America, Mexico and Caribbean, Russia and Tatarstan.
* MSBA - Finance / Economics, University of Denver.
* BA - Economics, Earlham College. |
