SUMMARY Successful track record of growth, innovation and results as President and CEO, Group President, CFO and General Manager in global manufacturing of highly engineering products. Proven leadership, management and communication abilities. Strong team builder. Achieved significant profit improvements in mature businesses as well as in growth phases and turnarounds.
PROFESSIONAL EXPERIENCE Leach International Corporation, Westport, Connecticut 1993 2003 $170 million, 1,500 employee, privately held group of companies serving the aerospace, defense and medical diagnostic industries with highly engineered electronic and electrical products from locations in North America, Europe and Asia.
President & CEO, Member of the Board of Directors (1999 2003) Negotiated and established a 55% controlled manufacturing joint venture in China that was named in 2000 as the top aerospace JV by the China Aviation Industry Corporation (AVIC 1) and fully qualified as a supplier to Boeing. Successfully transferred labor-intensive sub-assembly and component activities from the US to Mexico and out-sourced non-core operations reducing costs by 15%. These steps led to a 25% increase in market share while margins improved 22%. Consolidated facilities and outsourced non-core activities in European operations to double operating margins. Designed and executed the strategy and product development to move from component supply to systems and equipment that resulted in a $50 million contract. Recruited and established a new top management team for troubled medical diagnostics business. Established procedures, controls and strategic direction that, within 18 months replaced a risky, start-up company customer list with long term relationships with tier 1 world leaders, setting the stage for its sale.
Group President Aerospace Operations (1995 1999) Consolidated European manufacturing and engineering facilities to dramatically reduce cost and increase market share. Within 2 years, sales doubled and matched the highest levels that had been attained at the end of the 1980s. However, we were then performing with 50% fewer employees and 40% less manufacturing space. Devised a two-part strategy to become the lowest cost producer of the component portion of the business and to move aggressively into value-added module and equipment opportunities. Successfully sold off a non-compatible, poorly performing business unit and established a strong, hands-on management team.
Executive Vice President, Chief Financial Officer (1993 1995) Established financing, systems, controls, policies and procedures, and a lean corporate organization to implement the merger and integration of a European-based company and a California-based company. Directed a company-wide cost reduction effort to protect profitability in the face of the substantial downturn in the aerospace and defense industries.
Precision Valve Corporation, Yonkers, New York 1988 1993 $400 million, 3,000 employee, privately held worldwide manufacturer of valves, closures and pumps for the packaging industry, with interests in resort properties, aquaculture, television production and real estate investments.
Vice President, Chief Financial and Administrative Officer (1989 1993) As a member of the board of directors reporting to the Chairman / CEO, directed finance, accounting, treasury, credit, IT, risk management, tax, personnel and procurement. Additionally, had operational responsibility for the Walkers Cay fishing and diving resort in the Bahamas and substantial US real estate investments.
Group General Manager (1988 1989) Total P & L responsibility for two operating divisions that produce various close tolerance component parts in metal stamping, plastic extrusion and continuous coil coating of tinplate and aluminum. Successfully managed the consolidation of two manufacturing plants, the acquisition and integration of a competitors operations, the installation and start-up of a substantial new manufacturing process and the sale of a non-performing product line.
Babcock & Brown, Inc., San Francisco, California 1986 1988 International financial services company partly owned by Nomura Securities specializing in the financing of large commercial aircraft.
Chief Financial and Administrative Officer Managed the finance, tax, accounting, systems and administrative functions to support a 100% increase in income and a 40% increase in personnel. Implemented networking of mainframe computers and PCs among offices in San Francisco, New York, London, Frankfurt, Sydney and Tokyo.
Hunter Engineering Company, Inc., Riverside, California 1979 1986 Privately held worldwide supplier of engineering services and manufacturer of production equipment and processing plants for the ferrous and non-ferrous metals industries.
Vice President, General Manager (1983 1986) Led the sales and execution of turnkey projects in South America totaling $25 million. Established a sales office in London and implemented the contract manufacture of equipment in the UK, Italy, Japan and South Africa to overcome the burden of a then-strong US dollar. Managed the implementation of personal computers, computer aided design and in-house assembly of electronic control components.
Vice President, Sales and Marketing (1981 1983) Personally led successful negotiations for major contract sales in China, Mexico, South Africa, Luxembourg, Venezuela and Bulgaria.
Vice President, Finance and Administration (1979 1981) Designed and implemented controls to establish project accounting reliability and forecasting accuracy. Arranged export finance packages from the US, the UK and Italy.
Interpace Corporation, Parsippany, New Jersey 1970 1979 Fortune 500 diversified manufacturer of industrial, building and consumer products.
Progressed from Financial Management training program through several corporate staff (treasury, tax and mergers and acquisitions) to operating division controllership positions in California and southern Africa.
EDUCATION BA Economics, Villanova University, 1969 Omicron Delta Epsilon National Economics Honor Society
Rutgers University Law School, 1969 1970
Presidential / Key Executive MBA Program, Pepperdine University, 1983 1985
Executive Program in Total Quality Management, Fordham University, 1991
Columbia University Senior Executive Program, 1997
PERSONAL
Married, 2 grown children
Enjoy golf, travel and virtually all sports |