EXECUTIVE PROFILE
CHIEF FINANCIAL OFFICER
Results-oriented Chief Financial Officer who skillfully applies lean accounting to control costs, increase profitability, streamline processes and surpass expectations. Extensive record of successful turnarounds and mergers/acquisitions. Known for implementing visionary best management strategies that consistently guide companies toward higher achievement/ profitability. Possesses broad operations and financial experience in consumer products, automotive, industrial filtration, construction, agriculture and truck companies across international markets. Valued for character, integrity and initiative, with outstanding leadership skills for building strong teams.
Selected Highlights
« Partnered with CEO to lead a successful turnaround with 150% profit growth by applying Lean initiatives to enhance project management practices and control supplier costs. [Beacon Industrial Group]
« Implemented Shared Service Center on time and under budget to lower support cost and improve customer service, including installing enterprise systems. [Honda of America, Sealy, Inc.]
« Collected $60 million in past due receivables working with sales by fixing a broken receivable process that lowered aging from 60 to 36 days. [Sealy, Inc.]
« Set aggressive cost targets, saving 3% per year for more than 3 years (totaling $220 million) from process improvements and design changes. [Honda of America]
« Guided operations to eliminate excess manufacturing capacity by closing a plant (saving $4 million) and to switch from buying pocket coils to manufacturing them (saving 15%, $3 million). [Sealy, Inc.]
« Garnered $10 million annual profit through European Gillett (OEM) acquisition. [Walker Manufacturing]
« Cut expenses and increased profits $10 million by acquiring businesses and incorporating the operations into existing facilities. [Walker Manufacturing]
« Reduced pension contributions $50 million and raised pension performance from 50th percentile to 1st by creating a more prudent, diversified mix of investments. [Honda of America]
Areas of Expertise
Leadership/Team Building Target Costs/Controls Treasury Management
Sarbanes-Oxley/SEC Global Sales/Operations Strategic Thinking/Actionable
Lean Accounting Human Resources/IT Streamlining Processes
Mergers/Acquisitions Financial Reporting/Tax Business Turnaround
PROFESSIONAL SUMMARY
Eastman Enterprises, Inc.
Privately owned international consumer products and convenience Stores Company with $170 million in annual sales.
Vice President Finance / CFO 2007 to Present
Control accounting, finance, IT, treasury to support design and distribution of hunting cooking equipment and the operation of 26 retail convenience stores.
« Introduced controls to improve sourcing of new products to Wal-Mart, Sam‘¦s Club and Lowe‘¦s in the hunting and cooking industries to grow gross margins more than 15%.
« Oversaw the conversion of BP Convenience Stores to private branding, driving 35% growth in gross margins.
« Refinanced bank debt with 2 providers to significantly lower expense and private guarantee required by owner.
Beacon Industrial Group Charlotte, North Carolina
Private-equity-owned international industrial filtration company with $200 million in annual sales. Provides engineered products/systems for the filtration of liquids and gases used in a broad range of industrial applications.
Vice President Finance / CFO 2006 to 2007
Control an $8 million budget to oversee finance, IT, human resources and purchasing for operations in United States, France, Germany, Australia and South Africa. Administer asset-based lender agreement and financial reporting.
« Partnered with CEO to lead a successful turnaround with 150% profit growth by applying Lean initiatives.
« Increased gross margin 10% by executing aggressive cost reduction actions within supply base.
« Initiated cash controls that improved working capital performance and cash liquidity by $5 million.
« Tightened operational and accounting controls, resulting in back-office cost savings of $1 million.
« Financial lead on 2 division sales that lowered owner‘¦s 1-year investment by 60%.
Sealy, Inc. Trinity, North Carolina
Largest publicly traded bedding manufacturer in the world with 5,000 employees and sales of $1.5 billion annually across very intricate retail and wholesale distribution channels.
Vice President Finance 2003 to 2005
Supported successful turnaround and controlled $15 million budget to oversee finance, accounting, SEC reporting, cost and strategic planning for 8 direct reports and 225 staff members supporting 20 plants and 6 sales regions.
« Collected $60 million in past-due receivables, fixing a broken process and lowering aging from 60 to 36 days.
« Lowered debt 15% ($160 million) by improving profit 80% and working capital in 18 months.
« Cut costs $20 million by establishing a cost reduction team that initiated product design changes not visible to customer and applying best practice metrics to manufacturing processes and sales slot performance.
« Lowered product returns 30% ($12 million) by tightening controls and enforcing product return policies.
« Guided operations to eliminate excess manufacturing capacity by closing a plant (saving $4 million) and switching from buying pocket coils to manufacturing them (saving 15%, $3 million).
Honda of America Marysville, Ohio
Leading global Japanese automotive company with sales of $8 billion and 6,000 employees. Provides highly engineered automobiles, motorcycles, all-terrain vehicles and engines for retail and wholesale distribution.
Vice President Finance / CFO 1995 to 2002
Managed finance/accounting, SEC reporting, systems, treasury, trade compliance and strategic planning. Administered process improvements while guiding a $16 million budget, 7 direct reports and 105 staff members.
« Set aggressive cost targets, saving 3% per year for more than 3 years (totaling $220 million) from process improvements and design changes.
« Initiated Shared Service Center on schedule and under budget, saving $2 million.
« Reduced pension contributions $50 million and raised pension performance from 50th percentile to 1st.
« Established a tax strategy direction and expanded responsibilities of the tax department beyond compliance fulfillment to reduce tax payments $8 million.
« Slashed business unit capital spending $120 million over 3 years by exploring cost-effective options.
Walker Manufacturing Company Racine, Wisconsin
Publicly held, leading global automobile exhaust systems for OEM and aftermarket retail and wholesale distribution. Sales exceed $1 billion. Provides exhaust parts through an intricate distribution channel.
Corporate Controller 1990 to 1995
Turned around financial performance and oversaw accounting, finance, treasury, and planning functions while managing $9 million annual budget, 6 direct reports and 80-member staff supporting 10 plants and 8 sales regions.
« Saved $30 million annually with an aggressive cost reduction program.
« Led the due diligence process for several acquisitions to grow OEM business segment 50% over 4 years.
« Increased profits $10 million by acquiring and incorporating new plants into existing facilities.
J.I. Case Company Racine, Wisconsin
Publicly held, global agricultural and construction equipment and Parts Company with sales of $3 billion.
Director of Finance and Strategic Planning 1984 to 1990
Oversaw $1 billion worldwide Parts and Components Group and led successful turnaround. Accountable for finance department and strategic planning functions. Managed $6 million annual budget, 5 direct reports and 60 employees.
« Improved profit margins 15% ($20 million) by improving parts work flow efficiency.
« Established an activity-driven costing method to ascertain part distribution and manufacturing costs, shearing parts depot expenses by $15 million each year and reducing engine manufacturing costs 10%.
« Promoted from General Manager, International Finance where major accomplishments included guiding the merger of $700 million in foreign agriculture business segments from International Harvester.
EDUCATION & PROFESSIONAL DEVELOPMENT
St. Francis College, Ft. Wayne, Indiana Master of Business Administration | Finance
University of Cincinnati, Cincinnati, Ohio Bachelor of Business Administration | Accounting |
