Qualifications Summary
Strategic CFO with demonstrated success
contributing to growth, start ups and turnarounds
International CFO using leadership and change management to create value through strategic planning and tactical execution with a hands-on approach delivering excellent financial performance. Significant experience in top general and financial management positions with responsibility for operations, strategic planning, mergers, divestitures, investor relations, treasury and controllership functions.
CFO of a $1 billion Company
Startup three new manufacturing facilities, two Greenfield.
Part of a successful turnaround team to restructure and sell a US based global manufacturing business.
Government contracting experience (FAR, DFAR, and ITAR)
Started a new group of Companies in supply chain and logistics.
Executed M&A activity, due diligence, plant curtailments and closures.
Debt restructuring, bond issues, private equity, investment management
Effective change management through servant leadership.
International experience.
Professional Experience
Alcan Rolled Products
Ravenswood, West Virginia
A $1billion separately held division of Alcan Engineered Products headquartered in Paris France currently part of Alcan, Inc. owned by Rio Tinto Plc. Alcan Rolled Products is a leading supplier of aluminum plate, coil, and sheet for the Aerospace, Defense, and Heavy Transportation industry from the world's largest aluminum rolling mill.
Executive M&A Project Manager
January 2010 present
Advisor to the Alcan Sale Team to manage the ongoing due diligence, integration, and transition process to new ownership. Direct special projects, manage open litigation, and continue to support the efforts to deliver savings and synergies. Strategy and execution regarding risk management, external State and Federal funding, and novation requirements on long term and DoD contracts.
Chief Financial Officer
February 2007- December 2009
Part of a turnaround team to reconstruct the Company for the sale process. Provide financial and operational leadership, strategic planning, finance for operational excellence. Directed three Controllers and related functions, SOX, Purchasing, Metal Purchasing and hedging, and Contract Administration for commercial and military business applications.
Directed Lean transformation in finance by creating new forecast and reporting templates with proper alignment between operational and financial KPIs.
Reduced monthly closing from 5 days to 2 days.
Improved DSO reduced working capital $7 million.
Developed Government contracting, costing, and compliance framework for new business development.
Industrial Revenue Bonds, secured state and federal project funding, arranged third party financing, sale and lease back transactions, negotiated credit lines and long term borrowing.
Returned $100 million cash to Treasury by creating and hosting an inventory task force, conducting weekly meetings, created new inventory forecasting models.
Developed a dedicated team in Finance for Continuous Improvement delivering over $12 million in annual savings.
Re-negotiated long-term commercial supply contracts resulting in greater flexibility, better terms, and 3% savings annually.
Provided effective decision support through monthly financial reporting, annual budgets, 6 quarter rolling forecasts, 5 year plans, Lean dashboard KPIs,
Maintain proper controls for external reporting and SOX.
The Hursey Group
O'Fallon, Illinois
A private management Company that operates four wholly owned subsidiaries in transportation, logistics, material management, technology, and communications.
Group President / CFO
April 2004- January 2007
Operational focus on Global Supply Chain activities.
Increased top line from 300% in 2 years.
Maintained the financial records for all four Companies including all back office activities plus risk management, HR, credit, and Treasury.
Created vision, mission, goals, and objectives for four Companies with three separate but related business models.
Created the go-to-market strategy, developed customer relationships, managed customer presentations, and negotiated supply contracts.
Designed and implemented a third party end-to-end synchronization framework of material management with enterprise visibility via the Internet behind a single sign-on that is unique to the industry.
Created a suite of supply chain services with high-value and low-cost that supports 1.5 times top line revenue per person and EBITDA exceeding 10%.
Cerro Copper Group
(A Member of The Marmon Group)
Sauget, Illinois
A $500 million collection of 5 separate corporations that are members of The Marmon Group, a $7 billion group of companies headquartered in Chicago, Illinois. The Cerro companies combined represent the largest copper tube manufacturer of residential and commercial plumbing tube, HVAC tubing, and OEM copper tubing in North America.
Cerro Copper Group Vice President - CFO
January 1998 August 2003
Provided financial and operational leadership to a constantly growing group of companies with a dominant position in their industry. Helped define China strategy and lead the site selection and beta site build for a new proprietary manufacturing process which reduced cost 40%, would replace obsolete operations in the US, and would allow entry into foreign markets. Directed all controller functions, IT, credit, purchasing, inventory management, traffic, and distribution.
Selected the site and negotiated incentives for a new $ 70 million manufacturing facility and master distribution center in the Western U.S.
Returned $40 million of capital to Treasury by improving inventory turns.
Saved $3 million annually with strategic purchasing and alternative sourcing.
Improved market share 3% by creating framework to sell Big Box retailers.
Effective risk management of $150 million in open credit lines, increased cash turns in five consecutive years with no bad debt write-offs.
Challenged property tax assessments resulting in refund of $3 million and savings of $400k annually.
Cerro Copper
Controller January 1991 December 1997
Assistant Corporate Controller January 1988 December 1990
Corporate Accounting Manager February 1985 December 1987
Plant Controller July 1981 January 1985
Professional Activities
Guest Lecturer: Activity Based Costing Cost with a Purpose; Business Process Management The Horizontal Organization; Enterprise Dynamics The Holistic View
Past Board Positions: Copper Development Association; American Bureau of Metal Statistics; Okawville Boy Scout Council
Member: Financial Executives Networking Group; Belleville First Church of the Nazarene; IMA - Institute of Management Accountants
Education
University of Missouri at Kansas City, Missouri
B. S. Business Administration - Accounting Major |
