Richard Panariello
260-***-**** (Home)
260-***-**** (Cell)
Wabash, Indiana 46992
E-mail: *******@*******.***
Finance / Operations / Management / Strategic Business
Planning/ Turnarounds
My professional career reflects 25 years of Finance, Strategic Analysis,
Operations, Mergers and Acquisitions, Accounting and Cost Reduction in a
variety of product and service related environments, conducting business in
domestic and international markets. Leadership has been critical to start
up, turn around, and enhancement of existing operations.
Responsibilities touched every operating department within the
organization, including, but not limited to: long range planning,
forecasting/reporting/monitoring, developing cost standards and procedures,
contract negotiations, monthly/quarterly/annual reports, cash management,
payroll, asset and taxation issues, cost containment, pro-forma review for
business acquisition, and profitability assessment. Scope of
responsibilities extended to financial supervision of multi-site operations
for four diverse industry leading organizations, with business units
consisting of up to 400 staff and annual revenues in excess of $400M.
Credentials and Objective:
Awarded a Master of Business Administration from the University of
Rochester, with a triple concentration in Corporate Finance, Operations
Management, and Accounting. Graduate studies are supported by a Bachelor
of Science degree in Business Administration from the University of
Florida. Academic and professional credentials have been enhanced with
additional training in management, operations, supply chain management,
legal compliance, human relations, inventory processes, joint venture
planning, cost consulting, tax administration, mergers and acquisitions and
numerous practical computer based business applications.
These skills and experiences would enable me to serve your organization in
a variety of leadership capacities. I believe my abilities could be
maximized as Chief Executive Officer, Chief Financial Officer, or Vice
President of Strategic Planning and Analysis. Given the opportunity to
represent myself to you in person, I am confident you will find me to be a
worthy addition to your leadership team.
Selected Accomplishments:
. Held overall P&L responsibility for validating financial stability and
product credibility for diverse industry leaders, including Walmart,
Kmart, Target, Hayes Lemmerz, Ford, Lowes, and Kroger
. Provided front end analysis and implementation support for joint venture
that increased annual sale $20M and enhanced profitability by $350K per
year
. Reorganized the workflow processes to move product more efficiently and
increase annual sales by $5M
. Led the efforts to revamp purchasing process that increased products
turns from 3 to 6 per year
. Discerned need for MRP-II system, implementation increased inventory
accuracy and saved $500K per year
. Established key strategies with vendors to streamline purchasing by 40%
and reduce lead time by 33%
. Intuitive understanding of operational processes and connection to strong
financial management has been instrumental to the successful growth of
each company, with consistent revenue increases of 30% to 300%
. Identified core competency of personnel, established positions
descriptions and reduced financial workforce from 15 to 10, while
increasing performance, accuracy, and profitability returns by as much as
15%
. Managed the analysis, selection and implementation of AS-400 and PC
Networks for an entire organization
. Negotiated bank relationships, multi-million dollar loans, purchase
agreements, points of sale, debt financing, capital/real estate notes,
credit lines and re-wrote interest agreements to save up to $100K/year
. Identified international manufacturer to custom design specific
merchandise, reduced inventory by $300K per year and provided an
opportunity to bring 'new test products' to the markets at a cost savings
of 33%
. Designed process by which customers could acquire merchandise on 'line of
credit', sales increased 50%
Career History:
Chief Financial Officer/VP of Finance Excel Storage Products, LP
2006-2010
Chief Financial Officer Swingsets, Inc.
2004-2006
Chief Financial Officer G & S Metal Consultants, Inc
2000-2003
Vice President of Finance/CFO Stump Printing Company, Inc
1996-2000
Director of Operational Reporting SSI/Shirt Shed, Inc.
1991-1995
Materials/Operations Manager SSI/Shirt Shed, Inc.
1989-1991
Plant Controller/Corporate Director SSI/Shirt Shed, Inc.
1984-1989