Adam T. Craddock
***** ********* ***** 314-***-**** (c) 314-***-**** (h)
St. Louis, MO 63131 abl76g@r.postjobfree.com
Career Summary
Seasoned 15-year HR Business Leader with extensive C-Suite and Board of
Directors relationships and interactions. Experience in strategic and
tactical Human Capital Management to attract, retain, motivate and support
Talent including Acquisition/Recruitment, Performance Management,
Development/Training, Succession Planning,, Labor Relations, Compensation,
Benefits, HR Technology, Payroll, and Compliance. Experience in leadership
positions and management consulting in various industries including
telecommunications, call centers, pharmaceutical/manufacturing, diversified
financial services, and client professional services.
. Board of Directors Compensation Committee preparation and facilitation
for senior executive, board-level and broad-based compensation, benefits,
governance and compliance
. HR program design, communication, administration and vendor management
. Chapter 11/restructuring preparation and emergence regarding compensation
and benefits
. Global program design in United States, Puerto Rico, Canada, United
Kingdom, France, Spain, Italy, India, China and South Africa
. Merger & Acquisition due diligence and integration for compensation and
benefits programs
. Vendor assessment, selection, negotiation and relationship/performance
management
. Balancing business partnership, collaboration and client service with
business strategy/objectives, financial constraints, best
practices/market trends, employee impact, and regulatory
compliance/governance
Work Experience
Charter Communications, Inc. - St. Louis, MO 2007 - 2009
Vice President - Compensation, Benefits, HR Information Systems and Payroll
Responsible for the design, delivery communication and administration of
executive and broad-based compensation, benefits, HRIS and payroll
functions (16,500 employees/100 union, 36,000 covered lives, $1 billion
payroll and benefits spend).
. Senior Relationships: Routine collaboration with C-Suite, Board
Compensation Committee, and Senior Business Leaders. Responsible for
agenda/materials/logistics of Compensation Committee.
. Chapter 11/Restructuring: Facilitated bondholder HR due diligence
research and responses. Designed and implemented executive retention
program. Implemented voluntary equity forfeiture program. Designed
emergence equity retention grant and future annual equity grant
proposals.
. Cost Savings/Efficiency: Achieved -5% cost trend 2006-2009 ($60 million
cost avoidance) through eligibility management, vendor efficiency,
population management, and plan design. Concentration on consumer plan
designs while broadening program offering. Ongoing focus to drive
engagement and behavior change via incentive/surcharge programs and
educational resources, decision support tools and communications. Vendor
migration to Merrill Lynch for equity administration for $50,000 savings
plus enhanced services and technology/decision support tools.
. Attraction, Retention, Succession: Redesigned long-term incentive program
to evolve over 4 years from equity to cash. Drove key talent Retention
Program annual design, process, and facilitation. Designed tax deferred
savings via group variable universal life insurance. Implemented
formalized educational materials and outreach. Annually reviewed program
structure and executive impact with Compensation Committee.
. Performance Management/Development: Responsible for the design,
facilitation, training, and administration of annual Performance
Management/Salary Adjustment Cycle. Provided training, oversight and
consulting to business leaders. Initiated continuous review/creation of
career paths/job families through business prioritization and
collaboration. Implemented all-employee Total Compensation Statements.
. Productivity/Simplification: Reviewed enterprise variable pay system with
$1 million savings. Consolidated $100 million/80 commission plans into
10 enterprise plans. Drove enterprise Career Path and benchmarking
initiatives. Redesigned and consolidated recognition/service programs
and vendors.
. Technology: Vendor search and implementation of automated Time &
Attendance System for $2- $3 million annual savings. Implemented
electronic and paperless pay protocols for $200,000 annual savings.
. Education/Communications: Holistic review and redesign of compensation
and benefits communications: new employee orientation, intranet
communication sites, manager and HR toolkits, print materials (e.g.,
annual benefits enrollment, benefits program z-card/wallet care, annual
bonus and LTIP awards and plan changes, 401(k) communications).
Adam T. Craddock Page Two
Mylan Laboratories, Inc. - Morgantown, WV 2005 - 2007
Director - Compensation, Benefits and HRIS
Responsible for the design, delivery communication and administration of
executive compensation, compensation, benefits, HRIS functions and on-site
pharmacy staff and facilities (3,000 employees/800 union, 6,000 covered
lives, $125+ million payroll and benefits spend).
. Senior Relationships: Routine collaboration with C-Suite, Board
Compensation Committee, and Senior Business Leaders. Responsible for
agenda/materials/logistics of Compensation Committee.
. Global Acquisition/Integration: Served on HR integration team for
acquisition of Matrix Laboratories (India headquarters, 10 European
operations). Established compensation and benefits plans for former
Executive Chairman. Created and administered new expatriate benefits
program.
. Performance Management/Development: Redesigned system to evolve from 4 to
5 rating categories, shortened process timeline, implemented on-line
tools/system, created and delivered manager training and reference
materials, aligned process with the annual salary adjustment and bonus
process. Created enterprise job family career paths including
competitive benchmarking slotting.
. Infrastructure/Process: Instituted annual market benchmarking review for
executive and broad-based compensation and benefits programs. Revised
and streamlined executive and employee compensation structures (salary
ranges, bonus targets, geographic differentials). Enhanced and aligned
annual bonus program to best practices to incorporate company and
individual performance measurement. Instituted, communicated and
administered biennial all-employee stock option program. Instituted
annual salary and bonus budget planning processes. Formalized and
enhanced annual salary adjustment and bonus allocation processes.
. Cost Savings/Efficiency: Led consolidation of benefits vendors (U.S.,
Puerto Rico) for $500,000 annual savings. Outsourced leave of absence
administration for $100,000 annual savings. Initiated benefits
compliance and governance audit to assess and mitigate possible risk
areas. Revised vacation policy to align and eliminate excess $500,000
liability.
. Labor Relations: Led mid-contract negotiation analysis for financial and
market competitive perspectives supporting head of Labor Relations.
Directed union wage and benefits benchmarking and assessment.
. Technology: Served as HR Executive Sponsor for SAP Human Capital
Management HRIS implementation. Initiated HRIS function and staffing.
Capital One Financial Corporation - McLean, VA 1999 - 2005
Director - Benefits (2003-2005)
Responsible for the design, delivery, communication and administration of
benefits program (15,000 employees, 32,000 covered lives, $1.5 billion
payroll and benefits spend).
. Healthcare: Executed Phase 2-of-2 of healthcare strategy redesign to
manage costs and augment employee choice and accountability: implemented
on-site medical clinic Q1 2005; designed and implemented Consumer
Directed Health Plan with HRA feature, implementation of condition
management programs, researching broad-based voluntary benefits
implementation. Responsible for on-site health clinic and pharmacy
implementation, management, and ongoing operations.
. Retirement/Savings: Implemented design to qualify under Safe Harbor,
broadened investment fund portfolio across the risk/return spectrum,
formalized and improved governance protocols with Investment Committee
and Investment Policy, conducted initial vendor audit to assess need for
new vendor RFI/RFP; Designed and implemented new executive deferred
compensation plan.
. Re-Engineering: Led HR re-engineering initiative for Compensation and
Benefits Team to streamline key processes and right-size staffing levels;
reduced Benefits staff from 22 to 12 over 18 months.
Interim Director - Compensation and Benefits (2003)
Responsible for the design, delivery, communication and administration of
compensation and benefits programs.
. Compensation: Initiated realignment of compensation program in
conjunction with redesign of performance management system.
. Benefits: Executed Phase 1-of-2 of healthcare strategy redesign to manage
costs and augment employee choice and accountability: increased co-pays,
added annual deductible, moved RX from 2-tier co-pays to 3-tier co-
insurance, reduced infertility benefits and added adoption assistance,
increased health FSA maximum and added OTC eligibility.
. Governance: Enhanced the compensation and benefits governance process
including formalizing the Benefits Committee charter, refining the
Benefits Committee meeting processes and protocols.
. Organizational Design: Realigned Compensation and Benefits Team structure
along functional expertise.
Adam T. Craddock Page Three
Group Manager, Compensation and Benefits Analysis (2002)
Responsible for the analysis, assessment, design and communication of
compensation and benefits programs.
. Compensation: Led global integration of compensation analysis and design;
enhanced non-U.S. analytics; aligned final global recommendations for
compensation structures. Participated in executive exchange program in
South Africa Joint Venture to share HR best practices.
. Benefits: Led improvement in benefits analysis and design to expand
assessment beyond individual plan and plan features to broader benefits
program; introduced Total Rewards concept.
. Staffing: Adjusted departmental recruiting strategy to hire seasoned
professionals.
Manager, U.S. Compensation Analysis (2000-2001)
Responsible for the analysis, assessment, design and communication of U.S.
compensation programs.
. Analytics: Upgraded analytical techniques for compensation analysis and
design; augmented annual study by increasing benchmark positions form 50%
to 70% of population and augmenting survey sources.
. Design: Redesigned compensation structures based on compa-ratio
positioning.
Compensation Manager, U.S. Operations (1999-2000)
Supported 3 business units with 5,000 exempt employees (Product
Development, Information Technology, Corporate Staff Groups) to assess
business objectives, diagnose issues, generate and implement solutions.
Developed education program. Created career paths for key job families.
Revitalized non-cash program. Served as individual contributor and
directed activities, training and development of junior staff.
Towers Watson (formerly Towers Perrin) - New York, NY 1993 - 1999
Executive Compensation Consultant (1997-1999), Executive Compensation
Associate (1993-1995)
Aligned clients' executive and Board of Directors compensation strategy and
design with business strategy. Managed client engagement processes.
Industries: high-tech, entertainment, media, manufacturing.
Leadership Roles
Adjunct Lecturer, MBA Course "Employee Health, Wellness and Safety" (2009)
Lindenwood University, St. Louis, MO
Member of the Board of Directors (2008-2009)
St. Louis Business Health Coalition
Member of the Client Advisory Group National Committee (2008-2009)
Anthem Blue Cross Blue Shield
Education
Colgate Darden Graduate School of Business Administration, University of
Virginia - Charlottesville, VA
Master of Business Administration, General Management (1997)
Washington and Lee University - Lexington, VA
Bachelor of Arts, Economics (1993)
Magna Cum Laude, Phi Beta Kappa, University Scholar, Honor Scholar;
President
Student Board of Advisors (1991-1993), Executive Officer, Sigma Nu
Fraternity (1989-1993)