Accounting Plant

Ted A. Richardt

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Career Summary

CORPORATE ACCOUNTING / FINANCE PROFESSIONAL poised to build upon a proven

track record of ethical standards and sound judgment. Extensive experience

in managerial accounting and support of business unit leadership. Core

strengths include critical thinking and ability to relate to all functional

levels and disciplines. Demonstrated strategic leadership skills in cost-

saving initiatives, process standardization, and multi-unit support.

Professional Experience

PGW INDUSTRIES, LLC Contract Controller, Evansville, IN

2010 - 2011

Assist with budget preparation, provide training for newly hired Plant

Controller

PGW INDUSTRIES, LLC (formerly division of PPG INDUSTRIES, INC.)

1979 - 2009

(PPG is $10 billion global corporation with businesses focused on

chemicals, industrial coatings and glass. In 2008, the $1 billion

automotive glass related businesses were sold to Kohlberg Co. and are now

doing business as Pittsburgh Glass Works, LLC.)

Plant Controller, Evansville, IN (1994 - 2009)

Responsible for financial reporting and IT processes for production

facility with annual sales of over $130 million and inventory of $20

million. Directed a staff of 12. Managed annual budgeting process

consisting of standard product costing, departmental budgets, inventory

goals and forecasting, and capital spending. Coordinated monthly close

process including effective managerial reporting and variance analysis.

Analyzed capital budget and projects to ensure consistency with policy and

achievement of financial results. Assessed, detected, and prevented

material risks associated with internal controls over financial reporting.

Strong working knowledge of payroll administration.

. Provided financial analysis for reduction in business footprint which

resulted in closure of three production plants, generating over $15

million annual cost reduction.

. During last two years, acted as Lead Plant Controller for nine

production facilities providing budget oversight, capital spending

review, and business planning support.

. Initiated and drove transition to integrated supplier operation of $7

million storeroom operation; results were $180,000 hard savings in

first year and 10% inventory reduction. Cycle count accuracy improved

from 92% to 98%.

. Drove capital project to eliminate outside warehousing needs resulting

in $450,000 annual savings.

. Negotiated with team to achieve favorable utility cost treatment with

annual savings of $375,000.

. Built product costing routing/bill-of-materials model; strong

analytical tool for budgeting, saving 40 man-hours per year at each of

five locations.

. Conceived and created methodology for cost center analysis for Infor

ERP conversion, providing cost details which otherwise would not be

available for first two years of project implementation.

. Part of team selected to evaluate vendors and software for enterprise-

wide replacement of business applications (Oracle, Infor, Microsoft,

Epicor).

. Wrote monthly financial model providing continuous improvement

tracking and a condensed overview of plant performance by production

line.

. Created logic for Overall Equipment Effectiveness (OEE) calculation &

tracking.

. Developed application for tracking of top five defects on each

production line, to advance yield continuous improvement, saving 16

man-hours per month.

. Wrote articles for plant newsletter explaining financial concepts to

production floor audience fostering an understanding of areas of

manufacturing accountability.

Ted A. Richardt - Page 2

Professional Experience (cont'd)

PGW INDUSTRIES, LLC (formerly part of PPG INDUSTRIES, INC.) (cont'd)

Financial Analyst, Pittsburgh, PA (1988 - 1990)

Corporate office position responsible for coordinating month end closings,

preparing comparative analysis versus budget and prior periods, and

evaluating large capital expenditures for all levels of corporate

management.

. Consolidated budgets and monthly financial performance from nine

different manufacturing facilities across three businesses.

Supervisor, Cost and General Accounting, Marshall, MN (1982 - 1986) and

Evansville, IN (1986 - 1988, 1990 - 1994)

Responsible for manufacturing accounting, payroll, accounts payable,

general ledger, property accounting, monthly closing, storeroom management,

budget preparation, and inventory control. Supervised staff of four.

Programmer Analyst, Marshall, MN (1980 - 1982)

Applied analytical and problem solving skills to develop programs and

support applications in mainframe IBM computer environment using COBOL

language. Position taught me critical path thinking and in-depth

understanding of business application systems logic which carried over well

into subsequent "user" assignments.

Controller Trainee, Creighton, PA (1979 - 1980)

Attended in-house accounting and information systems training courses while

assisting manufacturing facility with daily accounting functions.

Education

UNIVERSITY OF SOUTHERN INDIANA (formerly Indiana State University-

Evansville), Evansville, IN

B.S. - Accounting

Computer Skills

. Microsoft Office (Word, Excel, Powerpoint);

. Oracle Manufacturing (ERP)

Community Affiliations

. Board of Directors, Visiting Nurse Association of Southwestern

Indiana, 2001 - Present

Executive Committee Vice President, 2004 - Present

Nominating Committee, 2001 - Present

Finance Committee, 2001 - Present

. Board of Directors, Visiting Nurse Plus, 2004 - Present

Finance Committee, 2004 - Present

Nominating Committee, 2004 - Present

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