ROBERT A. BROWN, CPA (inactive)
*** **** ****. . ***********, ** 44241
Cell: 330-***-**** . ******@***.**.***
TREASURY EXECUTIVE
Treasury executive with extensive experience in corporate finance. Career
includes Fortune 100, public accounting and a private equity portfolio
Company. Recognized as expert in accounting and credit matters with ability
to design, implement and communicate financial plans. Innovative problem
solver focused on continually driving process improvement into every aspect
of daily activities and transactions.
Core competencies include:
Credit relations M & A due diligence Cashflow modeling
Hedging strategies Acquisition integration Six Sigma, lean
Debt compliance Financial engineering International finance
PROFESSIONAL EXPERIENCE
VEYANCE TECHNOLOGIES, INC., Fairlawn, OH 2007 to 2011
Manufacturer of engineered rubber products with revenue of $1.9 billion.
Formerly Goodyear Engineered Products - sold to private equity firm, The
Carlyle Group.
Assistant Treasurer
Headed global treasury operations, global benefit plans, supplier and
customer credit relations, rating agencies, real estate transactions, and
treasury transaction accounting.
. Directed treasury start-up for business spin-off from Goodyear, including
banking structure, cash position and investing, payables check write
automation, staffing, debt compliance, hedging, intercompany loans and
repatriation for 10 foreign subs.
. Named chairman of Benefits Committee with fiduciary responsibility for
$325 million assets in retirement plans in USA and Canada.
. Directed design and implementation of pension plan investment strategy
$125 million assets in US and Canada.
. Consolidated, optimized North America cash management annual savings
$300k.
. Directed benefit plan regulatory compliance in US and Canada, 10 benefit
plans.
. Managed Canadian pension plan partial wind-up and asset immunization
strategy.
. Directed design, implementation and global education for web-based debt
compliance.
. Managed credit relations during recession to maintain or improve working
capital.
THE GOODYEAR TIRE & RUBBER COMPANY, Akron, OH 1980 to 2007
Tire and rubber products manufacturer with $20 billion in revenue, 80,000
associates conducting business activities in over 80 countries.
Finance Quality Leader (2005 to 2007)
Charter member of finance quality & process improvement team with mandate
to drive finance process improvement, standardization, quality and
leadership across the Company. Completed Six Sigma Blackbelt and Lean
training. Assignments focused on working capital improvement initiatives.
. Led initiative to drive down working capital $200 million by focusing on
best practices scorecard, standardized measurement process.
. Identified opportunity and managed specific purchase order project to
improve working capital by $7 million.
. Design, directed two process improvement workshops attended by over 100
associates.
Director Treasury (2001 to 2005)
Reported to Vice President, Treasurer. Headed capital markets activities,
corporate treasury, financial risk management strategy, and credit
relations. Managed 10 direct reports and had oversight of regional treasury
centers in Luxembourg and Singapore. Managed 30+ bank relationships, $5
billion debt portfolio and $300 million interest expense.
. Directed $3.3 billion refinancing during period of business restructuring
and credit downgrade environment.
. Completed $140 million sale-leaseback of six warehouse properties.
. Received Chairman's award for capital funding plan that exceeded target
funding 20%.
. Implemented capital structure and liquidity plan shifting uncommitted
bank credit sources to committed long-term credit sources.
Manager Global Capital Markets (1998 to 2001)
Directed capital markets, banking and foreign exchange activities.
. Directed diversification of short term funding strategy with commercial
paper program to reduce concentration in overnight bank market.
. Completed $1.6 billion long-term bond acquisition financing which
included Euro denominated bonds to hedge of Europe asset base.
. Managed foreign currency hedging strategy, which resulted in four
consecutive years of net currency gains on income statement.
. Recommended not implementing various SPV off balance sheet debt
structures before Enron and SOX.
. Directed stock buyback strategy and utilized risk management approach to
avoid selling put options saving money based upon actual drop in share
price.
Manager International Treasury (1995 to 1998)
Headed international treasury activities, regional treasury centers in
Europe and Singapore and foreign currency risk management.
. Completed cross border $100 million hybrid structured financing.
. Developed foreign exchange net hedge strategy to reduce hedging cost $
1.5 million.
. Directed minority share acquisition programs for international
subsidiaries.
Manager International Tax (1987 - 1995)
Directed annual $300 million dividend, interest, royalty repatriation
strategy
Tax staff positions at Goodyear (1980 - 1987)
TOUCHE ROSS & CO. - Auditor, Cincinnati, Ohio 1977 to
1980
EDUCATION & CERTIFICATIONS
Certified Public Accountant, Ohio
BS, Business Administration, Major Accountancy, Miami University, OH 1973
- 1977
PROFESSIONAL DEVELOPMENT
Six Sigma Business Black Belt . Global Business Leaders Program,
Thunderbird University (150 hours) . Management Development Program -
Mahler (160 hours)
Presentations: Institute of Management Accountants, Six Sigma for Finance .
EuroFinance, International Treasury, Effective Use of Regional Treasury
Centers
VOLUNTEER ACTIVITIES
Samaritan's Purse New Orleans Rebuild Project in 2010
Board of Trustee, Chairman of Finance Committee, The Chapel, Akron, Ohio
Treasurer, Stow Band Parents Association[pic]