ALBERTO ELLI
Ann Arbor *****, (Michigan)
Cell (1): 216-***-**** Cell (2): 908-***-****
abg5b8@r.postjobfree.com
SUMMARY
Finance Executive with more than 20 years global experience in life
science, consumer products, retail and manufacturing organizations.
Partners with CEO, CFO, Division Presidents and Executive Team to add value
at strategic and tactical levels to improve P&L, B/S and Cash Flow results;
thorough understanding of foreign-exchange exposures. Expertise at
Corporate and Operating level.
Proven track record in building outstanding Finance organizations
worldwide.
. Reporting, Planning, Cost Accounting, Risk Management, Tax & Treasury
. Restructuring & Optimization of Operations
. Accounting (GAAP, FASB, IAS, SEC, SOX), Shared Services / Outsourcing
. M&A and Business Development,
. IT (ERP-Oracle/SAP, CRM-Siebel)
. Purchasing & Supply Chain
. Investor Relations
. Legal & Compliance (FCPA)
PROFESSIONAL EXPERIENCE
SHERWIN-WILLIAMS, Cleveland, OH 2006 - Present
Paint and Coatings, $8 billion Sales, named for multiple years as a
"Fortune 100 Best Companies to Work For", "Business Week's 50 Best
Performing Companies" and "Forbes 100 Most Trustworthy Companies".
Group VP and Controller, Global Finishes Group
Lead Finance and IT for a more than $2.5 billion Sales Group of Divisions
(Automotive, Chemical Coatings, Protective Coatings / Marine and Emerging
Markets (particularly China, India, Vietnam, Malaysia)). reporting to the
President, Global Finishes Group with a dotted line to the Corporate CFO.
VP and Controller, International Division (08/2006 - 08/2008)
Lead Finance, IT and operations for the $750 million International Division
with operating subsidiaries in 9 countries (manufacturing plants in
Argentina, Uruguay, Brazil (2), Chile, Mexico (2), UK, India, China)
reporting to the President, International with a dotted line to the
Corporate CFO.
. 2008 Fcst Sales growth +21% ; Profit Before Tax +25% ;
Operating Cash Flow +50%
. 2007 Sales growth +24% ; Profit Before Tax +34% ;
Operating Cash Flow +37%
. Recognized as Team of the Year 2007 for the best improvement of results
in the last two years.
. Partner with corporate business development to identify, execute and
integrate acquisitions as part of aggressive global strategy. During
2007 we acquired three companies: India, Uruguay and Mexico; in 2008 we
acquired assets in China, Portugal and restructured a JV in UAE
. Manage finance-related compliance programs (SOX) and strengthen internal
control environment.
. Promote and received funding approval for a new IT roadmap to support new
acquisitions and create governance structure to ensure common information
standards (based on Oracle ERP).
. Assure accuracy of monthly reporting, rolling forecasts, and product cost
information.
. Ensure consistence of the Strategic Planning Process with 3 Yrs. Plans,
Budgets and Goals'setting. To maximize factory efficiencies through
Capital expenditures allocation.
CNH (Case - New Holland) 2005 - 2006
Controller New Holland AG, North America Division (PA)
$1.5 billion division of $13 billion global leader in agricultural and
construction equipment
. During 1st Qtr.2006, revised discount strategy, improving market share by
2.7 points in Tractors and by 8.4 points in Hay&Forage with a Trading
Profit increase of $12 million (or +25%).
. Introduced SixSigma methodology to streamline policies, drive efficiency
and cost-reduction.
. Improving reporting tools (Hyperion Financial Planning) and the
visibility of the business results.
. Key member of the team in charge for the compliance to Section 404 of the
Sarbanes-Oxley Act.
Interim CFO 2004 - 2005
. VALMED TECHNOLOGY GROUP, FL (9/04 - 9/05)
Turnaround of a $2 million medical / lifestyle devices company, completed
Round A of financing ($1 million) by end 1st Q; set-up operations in the
US and LA by end 2nd Q.
. GENMAB, Copenhagen (DK) (6/05 - 8/05), biotechnology company
SCHERING-PLOUGH, NJ 1996 - 2004
Pharmaceuticals and Consumer Healthcare
VP, Finance - SP International Division (NJ) (2001 - 2004)
Directed planning, control, reporting, capital expenditures, internal
controls with a staff of up to 700.
. Led finance team that supported a doubling of business ($2.5 billions
sales in 2001 to $4.5 billion in 2004) - as well as profitability - while
holding administrative staffing levels flat.
. Generated (as part of company wide Value Enhancements Initiative 2003)
savings, including 10% Finance headcount reduction, $450 million in
hospital receivables optimization, $120 million in plant optimization
capital expenditures avoidance and $20 million in reduced operating
costs.
. Managed IT, supply chain, business development, licensing, compliance and
FXcurrency strategy.
. Served as key business partner in rebuild of Hepatitis franchise in Japan
and to launch Remicade outside US which generated more than $1 billion in
sales. Given manufacturing constraints, managed product allocations and
direct shipments to hospitals (99.3% customer satisfaction) to reduce
safety stocks ($50 million), increase flexibility and reduce out-of-stock
close to zero.
. Collaborated with Investor Relations, in presentations for Financial
Community.
. Key representative in JV with Merck on cholesterol (Vytorin)and with J&J
Centocor (Remicade).
. Served on Steering Committee for SEC filing (10Q, 10K, 8K), Sarbanes-
Oxley, supply chain management and international plant rationalization,
ERP-SAP strategic design.
VP, Finance - Schering-Plough HealthCare Division (NJ) (1999 - 2001)
Led finance functions for this $800 million division (Major brands:
Coppertone, Dr.Scholl's, Afrin, Coricidin) including planning, controlling,
reporting, cost accounting, capital expenditures, credit, insurance, legal
with a staff of 55 in multiple locations.
. Improved profitability with a new advertising spending system enabling
the division to increase Operating Profit $40 million and reaching the
top benchmark with competitors.
. Led implementation of SAP (on time / on budget) improving internal
controls and efficiency.
Finance Director - Schering-Plough Italia (1996 - 1999)
Served on the Executive Team of $350 million subsidiary and managed
planning, control, reporting, cost accounting, capital expenditures,
credit, treasury, insurance, legal and licensing with a staff of 30.
SCA PACKAGING ITALY 1989 - 1996
$300 million Italian subsidiary of Svenska Cellulosa Aktiebolaget
Pulp, Paper and Packaging
Finance Director (1991 - 1996)
Managed acquisitions, capital expenditures, treasury and risk management
for 14 plants.
. Led financial aspects of acquisition and merger of 15 mid-size packaging
companies to increase vertical integration from letter of intent and due
diligence to full integration.
Central Controller and EDP coordination. (1989 - 1991)
CAFFARO SPA, Italy 1988 - 1989
$220 million, 780 employees chemical sector SNIA (FIAT).
Controller of Caffaro SpA
FININVEST SPA, Italy 1987 - 1988
$5 billion group investing in: TV networks, financial services and retail.
Assistant Group Controller.
3M Italy 1985 - 1987
Assistant Manufacturing Divisional Controller - Polyester Plant (Caserta)
EDUCATION & OTHER
. Universita' L.Bocconi, Milano, Italy. June 1985, Dottore in Economia e
Commercio; specialization in Accounting and Business Controls.
. SixSigma Green Belt (2005)
Harvard (1998) - Driving Corporate Performance, Balanced Scorecard
Insead (France) (1991) - Strategic Cost Management (Activity Base
Costing)
. Italian citizenship with Green Card granted in 2005
. Fluent in Italian and English, conversant in French and Spanish