with extensive experience in Manufacturing, Distribution, Retail, and
Service related industries. Results-oriented leader with strong analytical
and negotiating skills capable of assessing problems and devising creative
solutions. Excellent project management experience with the ability to
conceptualize all elements and make rapid adjustments as needed to bring
each project to a successful completion. Strong staff management
techniques and leadership, promoting positive teamwork for smooth
functioning operations.
PROFESSIONAL EXPERIENCE
ENTREPRENEURIAL RESOURCES OF S.C., LLC., Greenville, SC
Present Member
Specializing in managing, assessing and directing finance and business
operations bringing sharp focus, critical analysis, honest deliberation and
teamwork to help clients solve complex business issues, navigate difficult
transitions and promote growth and profitability.
SCHUMACHER HOMES OPERATIONS, INC., Canton, OH
2008
A leading regional custom home builder and service company with $170
million in sales, 250 employees, 24 store locations in 7 states offering
real estate, state-of-the-art cad planning, financing, and building of 500+
custom on-your-lot homes per year.
Interim Chief Financial Officer
Member of Leadership Team comprised of top 4 executives. Contracted to
consult and assist the company in performing a turnaround in their business
as well as to build the necessary infrastructure in order to fuel growth in
anticipation of a rebound in the economy and the construction industry.
During the contract period was instrumental in performing a turnaround from
a $600,000 loss to $1 million profit in 2008. In addition, lead a team
that resulted in the reduction of $3.2 million annual expenses by changing
certain business processes and revising the existing business model.
TIRE CENTERS, LLC (wholly owned subsidiary of Michelin), Duncan, SC 2004 -
2007
One of the country's leading tire service networks with approximately $1
billion in sales, 2,400 employees, 200 centers including state-of-the-art
re-treading plants, passenger and light truck retail, distribution and
heavy commercial truck centers.
Vice President, Administration, Chief Financial Officer and Treasurer
Member of the Executive Management Team comprised of the top five company
executives with accountability for business and financial strategy.
Responsible for planning, monitoring, management and reporting for all
administrative functions, including accounting, finance, audit, treasury,
tax, risk, employee benefits, real estate, automobile fleet, purchasing,
information technology and mergers and acquisitions. Manage eight direct
reports and 70 total staff with annual budget responsibility of $72
million.
. In partnership with the CEO, changed the company business model and
cultural dynamics to address costs and profitability. Developed a
"Service excellence Model". Accomplishments included:
. Increased sales by 17%
. Turned financial performance from a four year average loss of
$10 million to profitability in two years
. Redesigned the automobile fleet department, resulting in savings of $2
million annually
. Restructured asset tracking system reducing costs by $500,000 per year
. Saved $600,000 annually by renegotiating property & vehicle insurance
to match appropriate risk level
. Developed and implemented a centralized credit function resulting in a
reduction in bad debt expense of $1.2 million or 5% of sales
. Created the initiative to combine manufacturing and commercial groups
with projected increase in gross profit of $2 million through
reduction of redundant costs
MICHELIN NORTH AMERICA (HEADQUARTERS), Greenville, SC 1987 - 2004
Michelin is the World Leader in the manufacturing of passenger car, light
truck, truck and other tires with approximately $8 billion in revenues and
29% market share in North America.
Vice President, Finance & Treasurer 2001 - 2004
Treasurer
1991 - 2001
Assistant Treasurer - The Uniroyal Goodrich Tire Company
Member of Senior Management reporting directly to the President and
Chairman.
Directed all aspects of the companies' finance, treasury, credit, and
insurance operations. Led the corporate finance function responsible for
establishing and maintaining banking and financial relationships;
acquisitions, mergers and divestiture of companies; sale of manufacturing
facilities; and managing capital expenditures. Managed a debt portfolio in
excess of $2 billion, interest rate hedging techniques and Foreign Currency
Risk. Set strategy and risk parameters associated with corporate assets to
include accounts receivable, property and casualty insurance functions.
Directed the activities of seven direct reports and 23 total staff. Annual
budget responsibility of $123 million.
. Organized, planned and led the Commercial Credit and New Business
Development function while assisting the North American Divisions
maximize sales, mitigate bad debt losses and manage and control
working capital costs associated with $1 billion of accounts
receivable
. Restructured Product Liability insurance program delivering annual
premium reductions without increasing risk
. Utilized strong negotiation skills with external finance companies
leading various teams to successfully close financial transactions
including but not limited to Capital lease financings, asset
securitizations, DRD structured financings, leveraged lease financings
on equipment including the arrangement of debt and equity, lease
financings for corporate aircraft and real estate, and double-dip,
cross border lease financings.
. Financed $2.5 billion that provided financial flexibility for working
capital and long- term growth
. Obtained sub-libor rates without the requirements of security,
financial covenants, guarantees or MAC clauses resulting in the
reduction of interest expense and improvement of the balance sheet
THE UNIROYAL GOODRICH TIRE COMPANY, Akron, Ohio
Director, Banking and Finance 1987 - 1991
Planned, coordinated and directed various functions relating to the
effective and efficient use of cash resources including finance, treasury
and accounts receivable departments. Negotiated bank credit lines, leasing
transactions, commercial paper and asset securitization program.
First Energy (Formerly The Ohio Edison Company), Akron, OH 1985 - 1987
The Sherwin-Williams Company, Cleveland, OH 1981 - 1985
EDUCATION
Bachelor in Science, Business Administration
University of Akron, Akron, OH