WILLIAM L. DENNIS
**** ******** ***** ( Howell, MI 48843 ( (h) 810-***-**** ( bill-
accfo8@r.postjobfree.com
CFO ( CONTROLLER - MANUFACTURING INDUSTRY
Increased Profitability ( Significant Cost Reductions ( Elevated Market
Shares
World-class, highly accomplished financial leader with extensive, focused
history of directing both international and domestic initiatives to ensure
optimal profit margins. Trusted business partner with expertise in
determining / establishing profit targets via market / competition analysis
and strategically positioning business entities to achieve significant
market shares. Proficient at managing budgets to reduce costs, establishing
product pricing, developing effective business plans, and piloting
turnarounds as required guaranteeing long-term health and profitability.
Dedicated to leveraging broad financial and management expertise /
solutions to consistently meet and surpass bottom-line objectives.
Selected Achievements
> Improved International operations profitability from a EBITDA of $1B
loss to a EBITDA of $1B profit within five years.
> Developed a Price Elasticity Model that identified the profitability
of marketing proposals and maintained market share of ~13%.
> Directly contributed to finance team that sold Wiring and Trim
Operations; negotiated selling price with buyers to achieve $300M
profit.
> Developed annual budgets and three-year business plan, including total
profitability and variable / fixed cost targets; improved revenues and
profit by 20% / year, while decreasing fixed cost by 10% / year.
> Negotiated with banks to secure a $500M line of credit
Responsibilities Have Included
* P&L responsibility for EBITDA and total Profitability
* Accounting for GL/AP/AR, Receivables, Inventory
* Treasury Cash Management, Investments, Debt Management
* Budget Development and Performance
* Cost Planning
* Internal and External Reporting
* Establishing Performance Measures, KPI'S
* Establishing Cost Controls
* Developing and Implementing Cost saving ideas
* Tax Compliance and Reporting
* Internal and External Audit
* Sarbanes Oxley Compliance
* Acquisitions/Mergers
PROFESSIONAL SUMMARY
United American Healthcare Corporation
Detroit, Mi
CFO/Treasurer
2010
Consultant for Acquisitions/Mergers
2009
Responsible for all Accounting and Treasury Issues, including 10K and 10Q
Submissions
Acquired Pulse Systems a $9m producer of Medical Devices-Stints
Responsible for the run out of the Medicare/Medicaid contracts with the
Federal
Government and the State of Tennessee
Recommended to the Board of Directors to close the Detroit Office relocate
to
Chicago, reducing overhead from $2.4m to 0.7m at the end of 2010
TOYOTA BOSHOKU AMERICA
Erlanger, Ky
North America Interior Parts Supplier
Vice President of Finance and Accounting
2008 to 2009
Responsibilities include establishing a centralized Finance
function
For a $1.6 B North American Company, with 21 plants in the U.S.,
Canada,
Mexico and South America . Full P&L responsibility for EBITDA and
total profit
Responsibilities include the following:
> All accounting activities, A/P, A/R, General Ledger
> Internal/External Audit, J-Sox
> Manufacturing Finance for 21 plants.
> Established Cost Planning function for product profitability
> Treasury - Cash and debt management
> Tax- Responsible for all Federal, State, and Local Tax.
> Created a central Finance System
> Finance responsibility for Acquisition and Merger of 6 joint venture
plants and selling 3
DAIMLERCHRYSLER CORPORATION Auburn Hills, MI
World-leading global automotive manufacturer / supplier
Controller / Financial Reporting - International Operations 1998 to 2006
> Held full P&L EBITDA responsibility for the financial performance all
international markets, including:
. European - $5B revenue and $800M EBITDA
. Asia Pacific - $.5B revenue and $.1B EBITDA
. Latin America - $.5B revenue and profit of $.1B EBITDA
. 60 Country Markets - $6B revenue and $1B EBITDA
> Improved International operations profitability from a $1B EBITDA
loss to a $1B EBITDA profit within five years by establishing which
products should be sold, based on margins, cut marketing expenses and
overhead.
> Evaluated monthly actual to budget performance and initiated
improvement actions that increased profitability of under-performing
markets and reduced fixed cost by up to 25%.
> Developed annual budgets and three-year business plan, including total
profitability and variable / fixed cost targets; improved revenues and
profit by 20% / year, while decreasing fixed cost by 10% / year.
> Cut production costs 20% and slashed import duty tax up to 30% by
providing financial expertise to four production assembly operations
in China, Austria, Venezuela, and Egypt.
> Reduced International inventory 20%.
> Supervised a staff of 17 and reported to the CFO and Chrysler
Executive Committee.
> Presented the International Operations' financial presentations to
Executive Committee monthly.
Controller of Marketing Cost 1994 to 1998
> Established and directed control of $3B Chrysler incentive budget and
$1.5B marketing budget; maintained market share of ~13% and achieved
profit objectives of $3B-$6B by complying with established incentive
and advertising budgets.
> Played key role as member of the Chrysler Pricing Committee;
determined pricing on each vehicle to attain margin objectives and
ensure competitiveness.
> Analyzed and instituted competitive incentives with Sales & Marketing
Operations.
> Developed Chrysler vehicle pricing as components of Chrysler pricing
team.
Controller, Cost and Pricing - Component Operations 1993 to 1994
> Managed budgets and pricing for the Wiring, Trim, and Glass Plants.
> Part of the finance team that sold Wiring and Trim Operations;
negotiated selling price with buyers to achieve $300M profit.
Controller of International Finance for Export Operations 1992 to 1993
> Held responsibility for revenues of $1B and developed strategic plans
for China, Chrysler de Venezuela, and Egypt.
> Established sales and profit objectives for each market.
> Consulted with markets on vehicle selection to ensure profit targets
were met.
> Co-developed sales programs to facilitate achievement of budget
objectives.
Controller of ARCAD (Chrysler and Renault Joint Venture) 1989 to 1991
> Managed accounting, taxes, cost, investment, and engineering budgets.
> Negotiated with banks to secure a $500M line of credit
> Controlled $100M engineering budget to develop a vehicle for sale in
the U.S. and Europe.
> Established Finance, Accounting, Cost Control, and Treasury
Departments and supervised a staff of 30.
> Played key role as member of Executive Committee that approved all
engineering and product expenditures.
Manager of Consolidation 1986 to 1989
> Oversaw corporate profit budgets and reported to the Executive
Committee.
> Established budgets and reported the monthly status for the holding
company's three divisions: Chrysler Motors, Gulfstream Aerospace, and
the Chrysler Electronics Group.
> Developed three-year business plan.
EDUCATION & PROFESSIONAL DEVELOPMENT
MBA ? University of Akron - Akron, Ohio
BS ? Wright State University - Dayton, Ohio