Harman Stamford, CT Jan 01 Present
($4 billion leading audio company with legendary brands such as JBL, Harman Kardon and Infinity)
Director Finance & Operations Jul 10 Present
Promoted to lead the newly formed Lifestyle Business Unit with Revenue of $1.2B, focused on creating structure, and subsequently executing plans for revenue growth and increasing the awareness of consumer facing brands such as JBL and Harman Kardon.
-Increased attachment rates of branded audio systems by 3% YoY, (Revenue of $10M) for the top 3 customers, and implemented a SPIF program with dealerships.
-Established a review process for all RFQs for new business opportunities to ensure profitability goals were met, and gaps were compensated through Value engineering and cost optimization.
-Improved profitability of the Business unit, optimizing the operations footprint through Restructuring and Value Engineering. This reduced labor & overhead cost by 30%, and right-contenting resulting in a 5% reduction in material cost.
-Led a Go to market strategy for Emerging technologies which resulted in 2 new business awards.
-Revamped the $100M Infinity brand to increase awareness and brand recall in the Automotive industry.
-Negotiated several Artist contracts to endorse product and rolled out the first of a kind artist campaign in company history creating 3 Billion impressions, improving awareness by 18% on JBL and 10% on Harman Kardon brands.
-Launched the Tim McGraw artist series of headphones at Walmart and negotiated marketing partnerships including new business with Hewlett Packard and Under Armour.
Program Director Enterprise Transformation Dec 08 Jun 10
Handpicked by the CEO to lead a mission critical Enterprise wide restructuring program that resulted in $400 M in cost reduction, an improvement in EBIT by 10%. With my leadership, the liquidity position improved and allowed the company to not only survive the market downturn, but also enable investment in innovation.
-Reporting to the executive committee, reviewed the progress with the BOD on a quarterly basis assessing risks and presenting corrective actions.
-Led a team of 20 functional and business unit leads.
-Reduced cost by $400M, primarily structural overhead
-Streamlined 2,200 jobs in high cost countries, consolidated 16 facilities (7 in the US & 10 in the EU) creating tremendous synergies.
-Identified core competencies of the Infotainment business unit, and divested non-core activities to partners.
-Negotiated with the Workers council to downsize 5 facilities in Germany, Austria & the UK.
-Tracked and monitored over 250 individual projects using a custom designed project management tool with robust real time analysis and reporting capabilities.
-Provided status review to major investors to reinstate our commitment to maximize shareholder equity.
Regional Director of Finance (Asia) Suzhou, China Jan 06 Nov 08
(International assignment based in Korea (Jan 06 Dec07) and China (Jan08 Nov08))
As a founding executive of the Asia regional leadership, grew the P&L to $300M, through organic and inorganic growth winning new business with local and global OEMs. Established the finance and accounting structure for 5 P&Ls and built a team of 25 professionals across Korea, China, Hong Kong and Japan.
-Successfully completed the acquisition & integration of a strategic R&D facility in Shenzhen, China.
-Established a Greenfield operation in Suzhou, China which now has annual turnover of approximately $200M.
-Started up a warehousing/distribution operations in Seoul, Korea to support new business.
-Nominated as the CFO of a Joint Venture in Busan Korea, conducted project reviews
-Implemented all Financial systems and controls in all locations including SAP and HSBCnet.
-Developed relationships with financial institutions & law firms in the establishment of legal entities and negotiated tax and other incentives with SIP (Chinese govt.)
-Responsible for all statutory, local & GAAP reporting including SOX compliancy.
Plant Controller Jan 01 Nov 05
-Responsible for the P&L for a $200M electronics division during the expansion phase.
-Monthly closing of books and reporting of operations and managing the investment of capital.
-Extensive analysis of costs and margins, and tracking KPIs. Price Mix Volume
-Preparation of Sarbanes Oxley narratives and audits.
-Integral part of the SAP implementation team rolling out the FI/CO module to all the NA plants.
-Strategic analysis including internal benchmarking along with the VP of Manufacturing.
-Supervised the Purchasing function at this division and negotiated on several contracts.
-Integral part of the Kaizen team, and other continuous improvement programs supporting a Team-based environment.
-Negotiated a Economic development grant from the state of KY for business expansion
($8 billion consumer goods company with brands such as Rubbermaid, Calphalon, Levolor, and Sharpie)
General Accounting supervisor Apr97 Dec00
-Responsible for developing annual P&L budget including selling, merchandizing, and sales budgets by category and customer
-Improved the monthly close process by implementing a robust ASI ERP system, variance analysis, cost center reports and audits
-Monthly sales and merchandizing reports net margin analysis, sales variance analysis, DSO analysis, Warranty Analysis and other ad-hoc reports, using software like Oracle, Redbrick and SQL
-Supervised A/P, A/R and GL, a total of 5 employees
MBA (Finance) -The University of Toledo, OH.
Executive Training Programs at Kelloggs (Northwestern University) IL
PMP (Project Management Professional) certified.
Bachelors in Commerce (Honors), Indian Institute of Management and Commerce, India
Software: MS Office, MS Access, MS Project, Oracle Sales Analyzer, ERP: SAP, AS 400(BPCS, MAPICS)