CHIEF OPERATING OFFICER
Senior entrepreneurial executive, effective in low resource environments, with a track record of providing cost-effective solutions in business strategy and operations, finance, mergers and acquisitions, business and systems integration, operational streamlining and business turn-around. Experienced in multiple industries including insurance, education and services.
Key Competencies
* Business Turnaround: Leader in divisional business turnaround, improving results by $320 million
* Profit Driven Change Agent: Led merger integration of a $2 billion business into XXX Insurance Co., saving $55 million annually. Led YYY Corp. corporate staff reorganization saving $35 million annually
* Strategic Partner: Reviewed and analyzed the divestiture of a $2 billion business with CEO. Led negotiations, along with the division President, for the successful divestiture
* Business Development: Built corporate merger & acquisition capabilities, performed valuation analysis and due diligence on 125 companies ranging from $1.3 billion to $1 million
PROFESSIONAL EXPERIENCE
YYY, 2006 – Present
Vice President, Strategic Planning
Responsible for corporate strategic planning for the $1.8 billion Corporation.
* First comprehensive corporate strategic plan successfully completed and approved by the Board of Directors in October, 2007
* Plan moves the corporation forward to achieve significantly increased revenues and profitability
Previously functioned as head of Organization Initiatives, an internal consulting group.
* Led efforts, working with the CEO, to reorganize the corporate staff including providing a vision for the reorganized enterprise including the related shared-services environment
* Achieved a successful corporate reorganization, saving $35 million annually
XXX INSURANCE COMPANY, 2000 – 2006
Assistant Vice President Business Integration/PMO
Spearheaded the integration of ABC’s personal insurance business into XXX systems, culture and policies, following the acquisition by XXX in 1999.
* Business and Systems Integration: Led a cross-functional team of 150 in the design and implementation of the Divisional business integration into XXX. Achieved a successful, transparent integration, which was the cornerstone of the successful acquisition, saving $55 million annually
* Leading by Example: Built a high performance culture and engendered a cohesive bond throughout the integration team during a period of rapid and profound change via a high level of communications and personal management style
* Project Management: Built the PMO (Project Management Office) to overhaul and transform the prioritization and management of key projects – reducing the negative impact of functional silos and resulting in more informed business analysis, decisions, and improved project throughput
ABC Corporate Insurance, IL 1985 – 2000
Senior Vice President and Senior Financial Officer, Personal Insurance
Directed all financial affairs of the ABC Insurance division including planning, budgeting, forecasting and financial reporting, internal financial controls, peer company analysis, analysis of new ventures and other special financial analysis.
* Leadership: Began divisional turnaround. Leader in negotiating the sale of the division
* Financial: Prepared division for divestiture, revamped financial and management controls, and provided financial leadership in all business decisions
Previously at ABC Corporate, functioned as Group Vice President, Corporate Finance. Led corporate financial planning and analysis efforts including budgeting, expense allocation and control, mergers and acquisitions, and lease/purchase and cost/benefit analyses. Also served as Chairman of the Audit Committee while a board member of CCC, Inc., a $50 million third party claims administrator subsidiary, from 1995 until 1998.
* M&A: Built M&A function from the ground up beginning in late 1994. Completed significant acquisitions ranging from the purchase of DDD Insurance Corporation in 1995 ($1.3 billion purchase) to small joint ventures
* Systems Implementation: Led a rapid application development project team in implementing a new suite of ERP ledger products including a new service billing framework which refocused staff functions into cohesive service-oriented teams and increased cost awareness among line operations. Resulted in $5 million of annual expense reductions
PRIOR EXPERIENCE
Deloitte & Touche, Chicago, IL: Senior Audit Manager 1976 – 1985
JPMorgan Chase Bank, Chicago, IL: Asst. to the Head of Institutional Investment Management 1973 – 1976
EDUCATION/CERTIFICATION
Northwestern University, Kellogg Graduate School of Management
MBA, cum laude with majors in Finance and Accounting (1976)
Northwestern University, College of Arts and Sciences BA, Liberal Arts/History (1972)
Certified Public Accountant (CPA): Illinois |
