EXECUTIVE LEVEL FINANCIAL MANAGEMENT
Capital Markets Ï Treasury Ï Financial Planning & Analysis Ï Budgeting and Forecasting Ï Risk Management
Accomplished business leader and dynamic financial expert with over 25 years of experience enhancing the performance of organizations through innovative problem solving and financial management. Demonstrated ability to craft creative financial solutions by effectively leveraging knowledge of needs identification, strategic solution positioning, negotiation and execution. Directed complex financial assessments and transactions from inception to completion.
July 2010 ? Present Energy Conversion Devices, Inc Auburn Hills, MI
$250 million international publicly-held company in the renewable energy industry, primarily solar technology.
Senior Vice President ? Finance & Treasury
Reporting to the Chief Financial Officer, I manage all corporate finance functions including treasury, financial planning/analysis, cash management, shared services, risk management, investment management, and customer credit underwriting and management. Mentor a staff of 13.
? Used extensive corporate banking knowledge to restructure the corporate credit facility to better align borrowing capacity with needs reducing fees by over $500,000 annually, simplified reporting requirements and eliminated collateral requirements.
? Negotiated and executed on $50 million of capital market transactions with multiple parties saving $10 million in principal value and reducing annual interest expense by $1.5 million.
? Negotiated the renewal of corporate-wide liability and casualty insurance policies, better aligning coverage to exposure and adjusted risk profile to optimize cost/coverage ratio. Reduced annual premium by over $1 million.
? Developed cash flow control and forecasting system to maximize excess cash returns
2001 - 2010 BBK, Ltd Southfield, MI
As a senior team member of this international business advisory and consulting firm, provided leadership of engagements, managed the performance of financial and operational assessments, constructed and/or evaluated complex forecasts and projections, advised clients on financial restructuring and performance improvement, and executed buy and sell side due diligence.
? Interim CFO/CRO for a distressed middle market automotive plastics supplier. Successfully negotiated with customers and suppliers for continuation of supply during liquidation of operations in U.S. and Canada. Managed daily manufacturing operations and cash flow ensuring sufficient liquidity to meet requirements. Instrumental in successfully resourcing production without disruption of supply and at minimal cost. Executed a wind down and moth balling of three plants below budget and within timeline.
? Key player in the creation of management and tracking processes and procedures for this multi-billion dollar conglomerate?s $1.5 billion divestiture initiative. Assisted in the review and evaluation of each business segment?s divestiture processes and documentation, providing recommendations for improvement as needed. Responsible for the construction of a multi-entity virtual data room for an international portfolio transaction. Efforts contributed to client exceeding initiative goals and under deadline.
? Assisted a multi-billion dollar private label automotive aftermarket marketer in the rationalization and optimization of its national distribution network with a goal of doubling revenues while decreasing infrastructure expenses. Performed financial and operational due diligence on over 35 key distributors, providing financial and operational performance improvement recommendations to both the client and distributors. Efforts resulted in the on-time completion of this important strategic initiative.
? Advised a multi-billion dollar metal caster in a balance sheet restructuring. Identified and recommended opportunities to refinance existing debt, reducing interest expense by over 20% and avoiding a potential liquidity crisis.
? Support Fortune 10 international automotive manufacturers with the financial and operational monitoring of troubled supplier portfolios. Perform analysis on target companies opining on financial condition and advising on strategy. Participate in complex negotiations of settlements, credit arrangements, and accommodations. Manage multi-million dollar production budgets ensuring proper payment. Efforts reduce production risk and minimize costs.
1986 to 2001 Bank One Corporation Chicago, IL/Detroit, MI
First Vice President, Segment Manager - Commercial Bank Professional Development - 1998 to 2001
Managed the administration of professional development for the state of Michigan, delivering 53 training events to 535 participants annually. Additional corporate-wide responsibilities for special programs.
? Directly involved in the start-up of a department providing professional development and continuing education to over 500 commercial banking officers in five states.
? Designed and developed a product sales program delivered to over 100 commercial banking officers resulting in a double-digit increase in Cash Management cross sales.
? Key participant in the design, development and delivery of Wealth Management product knowledge and positioning program for commercial bankers nationwide. Program resulted in an immediate increase in Private Banking referrals leading to a 25% growth in fee income.
Vice President/Division Head ? Middle Market Commercial Banking - 1993 ? 1998
Led a team of five Commercial Bankers with responsibility for credit quality, profitability enhancement, business development, portfolio risk management and banker development.
? Responsible for a portfolio of over $200 million in assets and a fee based of over $200 thousand.
? Used extensive knowledge of commercial banking products such as wealth management, derivatives, cash management and capital market products to increase non-interest fee income by 50%.
Loan Officer to Vice President ? Middle Market Commercial Loans - 1986 ? 1993
? Personally responsible for an 11% compounded annual loan portfolio growth.
? Assisted in the importation of bank's credit culture to a newly acquired bank while quickly assimilating to a new market.
? Recruited as a participant in the bank?s highly regarded Commercial Loan Officer Training Program achieving early graduation due to outstanding performance.
Career Note: Additional professional experience includes role of Internal Auditor for Wisconsin Power& Light and Staff Accountant for Western Publishing Company. Details upon request.
Master of Business Administration ? Finance
University of Wisconsin-Madison
Bachelor of Science ? Accounting
Pennsylvania State University - University Park
Certified Treasury Professional
Certified Turnaround Professional