A finance executive with extensive experience in accounting and treasury functions, internal and external financial reporting, integrated systems, business planning, operations analysis and international operations. Financial leadership positions in both corporate and operating unit environments and within both public and private equity ownership structures. Proven technical, problem-solving and leadership skills. Committed to enterprise value creation through strong internal controls, timely business analysis, and accurate and insightful financial reporting.
* SEC reporting / securities registrations
* Operations / business analysis
* Board of directors / audit committee relations
* Strategic planning, budgeting, forecasting
* Banking relationships
* International business and finance
* ERP system implementation (SAP)
* Cash flow / working capital management
* Secured and unsecured financings
* Project management
* Process re-engineering
* Mergers, acquisitions, joint ventures
* Initial public offering (IPO)
* Divestitures, spin-offs, restructurings
* Income taxes - domestic and foreign
* Risk management
* Contract analysis
* Benefit plans and actuarial concepts
PROFESSIONAL EXPERIENCE
BORDEN CHEMICAL, INC., Columbus, Ohio
A highly leveraged global manufacturer and distributor of forest products and industrial resins, formaldehyde, coatings and various specialty chemicals. Annual sales of $1.4 billion with 28 plants in the U.S. and 21 plants in Canada, Europe, Latin America and Asia Pacific. Although privately owned since it was acquired by KKR in 1994, the Company continues to be an SEC registrant because of its outstanding public debt.
Corporate/Global Controller
(June 1996 - December 2002)
Directed global accounting, reporting, financial planning and operations analysis functions. Interpreted and applied GAAP and SEC rules and regulations, prepared monthly financial statements with commentary for CEO and board of directors, prepared SEC filings, documented and maintained global financial policies and procedures, provided technical guidance to all domestic and international business units, performed monthly SAP closings and consolidation of all business units worldwide, provided technical oversight for plant and product cost accounting, established and maintained a strong internal control environment. Managed and developed a staff of 6 direct and 40 indirect reports.
· Built, from ground up, a global accounting and reporting function subsequent to spin-off of Borden Chemical in 1996, facilitating Borden Chemical’s ability to operate as an autonomous company.
· Documented global financial system requirements and teamed closely with IT, supply chain, production, sales and other staff functions for a successful “big bang” SAP implementation.
· Led a project team, consisting of all domestic and international business and finance leaders, to develop and implement a formal monthly executive reporting process, providing timely, concise and insightful financial information, metrics and commentary to the CEO, board of directors and KKR.
· Designed and implemented a global budgeting and quarterly forecasting process, assuring consistent communications and utilization of planning assumptions among all business units.
· Implemented a global quarterly internal control self-assessment process, significantly reducing the number of internal and external audit exceptions.
· Designed and implemented an accounting and planning structure for Borden Chemical staff departments and trained department heads to develop and manage their operating budgets, significantly improving overhead cost ownership, visibility and control.
· Redesigned financial processes around the monthly closing function, reducing the worldwide closing and consolidation cycle from 10 to 6 days.
· Effected the merger of accounting and reporting functions of Borden Chemical and its parent company, including conversion of the parent company’s Great Plains system to SAP, eliminating redundant staff positions and significantly reducing overhead costs.
BORDEN, INC.
A diversified multi-national Fortune 100 company with annual sales in excess of $7 billion.
Assistant Controller, Niche Grocery Division
(1994 – 1996)
Directed overall accounting and corporate and internal management reporting functions for Borden’s Niche Grocery Division, a $350 million business consisting of various well-known branded and private label products distributed primarily through food brokers. Managed and developed a staff of 4 direct and 3 indirect reports.
· Developed and implemented comprehensive planning, tracking and accounting procedures related to $30 million per year of trade promotion spending, significantly improving controls and the ability to measure cost vs. benefit realized from numerous types of promotional deals.
Director, Corporate Accounting & Reporting
(1989 - 1994)
Directed the Borden, Inc. Corporate Accounting and Reporting Department. Performed the worldwide financial consolidation, prepared all corporate and external reporting, managed the Corporate Division general accounting function, interpreted and applied technical accounting and reporting rules issued by the FASB, AICPA and SEC. Managed and developed a staff of 5 direct and 15 indirect reports.
· Worked closely with internal legal, treasury and tax departments, outside legal counsel, investment bankers and auditors, resulting in a successful IPO of the Company’s basic chemicals business.
· Prepared numerous SEC securities registration statements, allowing the Company to obtain public financing and to issue stock under various executive compensation and employee savings plans.
· Successfully resolved accounting and reporting issues raised by the SEC in conjunction with its review of the Company's significant restructuring programs, supporting the Company’s disclosures.
· Provided financial review of numerous business acquisition and divestiture contracts and supported negotiation and arbitration procedures, supporting the Company’s position on numerous issues.
Manager, Corporate Reporting
(1985 - 1989)
Managed Borden, Inc.’s worldwide financial consolidation and external reporting processes within the Corporate Accounting and Reporting Department.
PRICE WATERHOUSE
(1978 - 1985)
Audit Manager
Managed independent audits for large and small manufacturing, non-profit and government clients.
EDUCATION / CERTIFICATION
Ohio State University
Bachelor of Science
Major: Accounting
Certified Public Accountant
State of Ohio |
