Kevin P. Bagby
**** ******** **., ******, **** 44256
Residence: 330-***-****) . Cellular: 216-***-****) .
**********@*******.***
CFO / Senior-Level Finance Executive
Finance Executive and Business Strategist with increasingly responsibility
experience as a financial executive in both public & private manufacturing
companies/divisions with $180 million to $1+ billion in annual revenues.
MBA, Finance.
Career Highlights
V Developed/led financial organizations for 3 public companies, including a
$1+ billion manufacturing organization.
V In-depth capital raising/financing experience - successfully structured 2
IPOs, a secondary offering, numerous bank facilities, and a public debt
market offering.
Corporate development strategist - structured, negotiated and completed 7
acquisitions totaling approximately $500 million to date. Additional
experience in numerous divestitures and consolidations.
Instituted the processes, systems and internal controls to comply with
SEC reporting requirements while improving the reliability and depth of
financial information for each company.
Strategic and Financial Management Competencies
. Strategic & Financial Planning
. Capital Raising
. Treasury / Cash Management / FX
. Budgeting / Forecasting / Reporting
. Financial Analysis / Variance Analysis
. General & Cost Accounting
. Acquisitions & Divestitures
. Due Diligence / Acquisition Integration
. Internal Controls & Procedures
. SEC Compliance
. Sarbanes-Oxley Compliance
. Tax Planning & Compliance
. Risk Management
. Process & Productivity Improvement
. Capacity / Product Rationalization
. IT System Selection & Implementation
. Board Presentations
. Investor Relations
Professional Experience
Shiloh Industries, Inc.-Cleveland, OH-2008 to 2011
(full service manufacturer of engineered welded blank, complex stampings
and modular assemblies for the automotive, heavy truck and other industrial
markets with $700 million in annual sales)
Vice President / Chief Financial Officer
Provide leadership and vision for the finance activities, purchasing and
supply chain management and information technology function for a public
company with 9 location and 1100 employees. Supervise a 50-member
organization through 7 direct reports. Lead the M&A activities including
identification, business analysis, and valuation and post integration
efforts. Interface with the Board of Directors and board committees
regarding financial structure, business performance, compensation, and
corporate governance.
FreightCar America - Chicago, IL ? 2004 to 2008
(Leading manufacturer of aluminum-bodied railroad freight cars with $900+
million in annual sales to financial institutions, railroads and shippers)
Vice President / Chief Financial Officer / Secretary
Direct all finance and accounting activities for a public company with 5
locations and 1300 employees. Supervise a 25-member finance organization
through 6 direct reports. Manage financial analysis, accounting, reporting,
forecasting, budgeting, treasury, capital raising, banking, tax, SOX
compliance, investor relations, and external audit coordination. Develop
and maintain external reporting process and systems for compliance with SEC
requirements. Evaluate and advise on a wide range of issues such as
potential acquisitions, strategic alliances, capital purchases, major
contracts, and new products and programs. Make executive presentations to
the full
Kevin P. Bagby Page 2
Board of Directors, as well as the Audit Committee regarding financial
performance, annual budgets, capital structure, long range plans, and
acquisition/divestiture candidates.
Results:
. Instituted the necessary systems, processes and controls to prepare
for IPO. Led SOX 404 compliance project and developed the financial
reporting system and infrastructure to eliminate pre-existing material
weakness condition and obtain approval from auditors.
. Successfully structured and directed all actives related to a $185
million IPO and a secondary offering in 2005.
. Developed a finance staff capable of accurate and timely public
reporting.
. Created and implemented a cost accounting system.
Stoneridge, Inc. - Warren, OH ? 1995 to 2004
(Global designer and manufacturer of electronic components, modules and
systems with $650 million in annual sales to the automotive, commercial and
off-highway markets of the transportation sector; customers included auto
makers and large commercial vehicle assemblers in North America and Europe)
Vice President / CFO
Senior Finance Executive with responsibility for reporting (SEC, internal,
external), M&A activity, capital raising, treasury, risk management,
banking, tax planning, SOX compliance, and executive compensation planning.
Directed the corporate-wide strategic planning process. Implemented systems
and modified existing practices to keep pace with a rapidly changing
environment as company grew and then survived the 2001 economic downturn.
Managed finance and accounting staff of 75. Make executive presentations to
the full Board of Directors, as well as the Audit Committee regarding
financial performance, annual budgets, capital structure, long range plans,
and corporate development matters.
. Led team that identified and executed a cost reduction program which
increased cash flow $30 million.
. Structured a $200 million public debt offering and a $125 million IPO.
. Identified and evaluated acquisition targets. Orchestrated 6
acquisitions totaling $480 million in the U.S., Europe and Brazil and
led transition/integration teams.
. Reduced effective tax rate 32% by devising/implementing effective tax
strategies.
. Installed Hyperion reporting system for SEC, statutory and management
reporting.
Kelsey-Hayes - Romulus, MI ? 1990 to 1995
(Worldwide manufacturer of brake systems with $1+ billion in annual sales
to the "Big 3" auto makers)
Director of Business Analysis - Corporate (focus on acquisition and
divestiture activities) 1994-1995
Director of Finance - Foundation Brakes Group ($500 million/year; 9
facilities) 1991-1994
Controller - Steel Wheels Business Unit ($180 million/year; 2 facilities)
1990-1991
Promoted to Director level in less than two years with responsibility for
mid/long-term corporate planning and budgeting, financial policies and
procedures, reporting and analysis, costing and IT. Directed acquisition
and divestiture activities, including due diligence, product/business unit
rationalization, sourcing of acquisition targets and buyers, and
purchase/sale negotiations. Provided leadership and financial guidance to
business units and department managers on planning, budgeting and the
financial impacts of their decisions. Supervised staffs of 2-45.
. Orchestrated divestiture of non-core product lines generating $40
million in cash proceeds.
. Took over actuator product line divestiture project and effectively
marketed the business, resulting in sale for $24 million, which was
$20+ million over expected proceeds.
. Reduced operating costs $7 million annually by implementing a capacity
rationalization program and eliminating two facilities.
. Rationalized manufacturing capacity from 3 to 2 facilities, resulting
in $3 million in annual cost savings for the Steel Wheels business
unit.
. Directed the development and implementation of aggressive cost
reduction programs that reduced operations costs by nearly $22 million
for the Foundation Brakes Group.
Kevin P. Bagby Page 3
Earlier experience:
Controller - Planning and Reporting ? General Tire, Akron, OH ? 1989-1990
Business Planning Dir. / Increasingly responsible finance positions ? Abex
Corporation, Winchester, VA ? 1979-1989
Education / Additional
George Mason University - Fairfax, VA
Master of Business Administration, Finance
Kent State University - Kent, OH
Bachelor of Business Administration, Finance
Executive Education at Harvard Business School
Member - Financial Executives International (FEI)