Management Vice President

ROBERT S. GRIFFITH, CPA

**** ******** *****, ******, ** 60450 *********@************.***

Residence: 815-***-**** Mobile: 636-***-**** Office: 815-***-**** x102

C-level executive and change agent with extensive experience building and leading high-caliber accounting,

finance, operational and administrative functions in manufacturing environments. Proven track record of

combining strategic planning and business development with strong technical skills. Strengths include

leadership, team building, management, and problem solving skills. Areas of demonstrated proficiency:

M&A expertise ERP Development & Implementation Reorganization

Investor/Bank Relations Risk Management Corporate Law

Contract Negotiations Corporate Taxation SEC reporting

Investment Analysis Benefits Management Personnel Administration

WORK HISTORY

Selig Sealing Products, Inc. (Selig), Forrest, IL 2005 -

$140M manufacturer of tamper-evident cap and closure lining material.

Selig Canada, ULC Selig Europe, Ltd. Selig UK, Ltd.

Executive Vice President and Chief Financial Officer. Responsibilities include Finance, Information

Technologies, Human Resources, Purchasing, Benefit programs administration, Risk Management and ERP

implementation company-wide. Integral partner with CEO on M&A, strategic and other initiatives.

Conducted due diligence during deal phase of acquiring Unipac, the firm’s largest competitor.

Integrated $120M acquisition of Unipac; realized savings of $4M+ in material costs, $2M in working

capital in first 90 days, and provided $5M in additional cash from DPO management.

Key negotiator of supplier contracts post-close.

Consolidated:

o Financial platforms in 30 days.

o Reporting structures in the US, Canada, and the UK.

o Risk management in the US, Canada, and the UK.

o Newly-created HR policies in the US, Canada, and the UK.

New banking facilities negotiated and implemented worldwide.

Completed legal matters (statutory, employment, etc.).

Achieved significant savings through outstanding management:

Negotiated supplier contracts recognizing $1M savings/year.

Maintained inventory balances in a just-in-time environment with business growth of 13.5% CAGR,

realizing savings of $2M+.

Developed and implemented 3-day close from 15-day close practice.

Reduced annual property and casualty premiums by 10%/year.

Implemented internal control procedures to minimize theft, embezzlement.

Outsourced non-essential functions.

Implemented Syteline ERP package in the US; this eliminated time-consuming manual procedures.

Managed corporate compliance with Operational and Capital budgets.

Re-engineered and administered Health, P&C, 401(k); implemented FSA plans.

Refinanced business by restructuring debt facilities.

Successfully completed IRS audit of Behrman/Selig transaction.

Full interface with external audit and tax partners with Ernst & Young.

American Decorative Surfaces, Inc. (ADSI), St. Louis, MO 2001 - 2005

$50M Rotogravure Printing and Manufacturing company.

Decorative Surfaces International, Inc (DSI) American Capital Strategies

Robert S. Griffith, CPA page 2

Vice President and Chief Financial Officer. Responsibilities included Finance, IT, administration, legal

and operations, plant consolidations, implementation of Lean Enterprise and Six Sigma philosophies; ERP

enhancements company-wide; Chapter 11 reorganization; Labor contract negotiations; Human Resources,

Risk Management, Scheduling enhancements; plant closure in Columbus, OH.

Consolidated operations/reporting structures in the Columbus and St. Louis plants that eliminated $25M

in expense.

Successfully completed Chapter 11 reorganization in 90 days, managing the bankruptcy estate as an in-

house trustee. Spun-off non-performing operations to competitor were made at favorable prices/ terms.

Effective management realized significant savings:

Implemented accounting, manufacturing, and HR computer software systems that eliminated manual

processes and reduced headcount.

Re-engineered/administered Health, P&C, 401(k) and ESOP plans that reduced expense/exposure.

Negotiated 3 year labor agreement recognizing $1.9M savings.

Eliminated $9M post-retirement health liability.

Saved $500,000+ in property and casualty insurance premiums.

Reduced inventories from $14M to $4M with pull-through just-in-time programs and by improving

order time turnover from 12 weeks lead time to 2 week-lead time.

Negotiated $25M consignment programs with suppliers; DPO from 0 to 45 days.

Secured customer supply contracts; DSO from 60 to 30 days.

Reduced headcounts and monthly break-even EBITDA from $4.9 M to $2.3M.

Developed and implemented 2-day close from 45-day close practice.

First external audits of Corporate and Benefits plans since formation in 1998.

Implemented internal control procedures to minimize theft, embezzlement and unfilled shipments.

Successfully negotiated lending relationships through forbearance, DIP, 363 with $40M facility.

Invensys, PLC (FTSE ISYS), London, UK 1999 - 2001

$14B global leader in controls and automation industry.

Siebe Controls, Plain City, OH Invensys Controls, Richmond, VA FASCO Industries, St Louis, MO

Vice President of Finance-AC Motor Group. 2000 - 2001

P&L responsibility for a $250M product group. Responsibilities included operational consolidation and

adherence to Lean Enterprise and Six Sigma philosophies; BaaN ERP software installation company-wide;

operational financial reporting and oversight; direct operational involvement in Piedras Negras and Juarez

facilities; and plant closures primarily in Missouri.

Director of Finance and Reporting-Controls Division HQ ($4B) 1999 - 2000

Full reporting and Treasury responsibilities for statutory US and UK GAAP reporting, acquisition,

divestiture and merger activities, risk management integration, accounting system implementations, financial

consolidated reporting, corporate headquarters management including investments, discounting and hedging

programs, operational responsibilities as Vice President of Finance for smaller ($150M USD) aerospace

division, and potential NYSE listing.

SmarTalk TeleServices, Inc. (NASDAQ SMTK), Los Angeles, CA 1997 - 1999

SmarTalk TeleServices, Inc., Orlando, FL SmarTalk TeleServices, Dublin, OH

$300M Prepaid Phone Card Development and Distribution Company.

Vice President, Corporate Controller. Responsibilities included cash and risk management, accounting

system implementations, acquisition integrations, and financial consolidated reporting, investments, internal

controls, and extensive SEC Reporting. Oversaw 401(k), Health Insurance and Cafeteria Plans.

Facilitated excise and multi-state sales/use and regulatory taxation and reporting. Prepared detailed

financial reviews and projections for potential acquisitions, press releases and the annual reports.

Managed relationships with vendors, bankers, accountants, legal counsel, etc.

Successfully negotiated new bank relationship and $10M line-of-credit.

Robert S. Griffith, CPA page 3

Consolidated operations/reporting structures of 10 acquisitions in a one year.

Implemented new accounting programs and staffing while maintaining filing deadlines.

Provided timely SEC reporting.

Oversaw two successful external audits with no changes to Press Release information.

Implemented internal control procedures to minimize theft, embezzlement and unfilled shipments.

Instituted and managed 401(k) and stock option plans; developed and implemented a consolidated travel

policy; designed/implemented a payment timing optimization program.

InfiMed, Inc., Liverpool, New York 1991 - 1997

$25M International Digital Imaging Equipment Manufacturer.

Vice President of Finance & Administration. Responsibilities included ongoing financial activities,

internal controls, HR and employee benefit plans, purchasing, MIS, foreign sales.

Prepared detailed financial reviews and projections for potential acquisitions.

Managed relationships with suppliers, bankers, accountants.

Successfully negotiated new banks relationships and established $1M line of credit.

Handled international and multi-state taxation and legal counsel.

Generated $2M annual cost savings for successful site consolidation, staff and services reduction.

Developed and implemented accounting and manufacturing computer software systems.

Instituted and administered 401(k) and profit sharing plan.

Achieved red-herring status for initial public offering of company.

Effective management realized significant and ongoing savings:

Developed health insurance plan with cost savings of $100,000 per year.

Implemented internal control procedures to minimize theft, embezzlement and unbilled shipments.

Developed and implemented travel policy, realizing savings of over $100,000 per year.

Established a controlled disbursements program for investments of idle funds.

Successfully increased collection of accounts receivable, generating $1M.

Artistic Greetings, Inc. (NASDAQ ARTG), Elmira, New York 1990 - 1991

Manufacturer/Retailer/Direct Mail. Accounting/Tax Manager.

Wellco, Inc./JSW Realty, Elmira, New York. 1989 - 1990

General Contractors; Real Estate Developers. Treasurer/Controller.

Mengel, Metzger, Barr & Co., Elmira/Rochester, New York 1986 - 1989

Certified Public Accountants. Supervisor/Senior Accountant.

Whalen, Davey & Looney, Ogdensburg, New York 1983 - 1986

Certified Public Accountants. Senior/Staff Accountant.

EDUCATION

Bachelor of Science in Business Administration (Cum Laude), College Of Business Administration,

Smithfield, Rhode Island. 1983.

AFFILIATIONS

American Institute of CPAs (AICPA); NY State Delegate to "Under 35" Symposium.

NY State Society of CPAs (NYSSCPA); CFO Committee, Financial Executives and Publicly Held

Companies.

Financial Executives International (FEI); Board of Directors Member.

Ohio Society of Certified Public Accountants (OHSCPA).

Senior Executive Network of Chief Financial Officers; Board of Directors Member.

Institute of Management Accountants (IMA); Member of the Year; Past Chapter Treasurer.

Willing to Travel/Relocate. References Provided Upon Request.

Contact this candidate