Project Management

Faith A. B. Adee

**** ********* **** **** *: 904-***-**** / M: 305-***-****

Jacksonville, FL 32256 abldm9@r.postjobfree.com

Executive Summary

Global Vice President of Finance Executive with 20+ years of progressive

financial experience in the Medical Devices, Pharmaceutical, Electronics

and Consumer Goods Industries. Proven track record of consistently

improving revenues and profitability in both global operations and matrix

organizations. Passionate and results-oriented leader recognized for using

innovative thinking to deliver business results. Areas of expertise

include:

Productivity Improvement IT Project / People Leadership

Organizational Design / Development Project Management

Employee Communications Change Management

Business Partnering Board Relations

Budget Management Revenue Cycle Enhancement

International Experience

Professional Experience

Stiefel Laboratiories, Inc. (a GlaxoSmithKline Company), Coral Gables, FL

2008 - 2010

GSK is a $24.4B ('08) multi-national healthcare company based in London,

UK, which manufactures and markets Vaccines, Consumer Products (Tums,

Aquafresh) and Pharmaceuticals (Advair). Stiefel is a $.9B ('09) multi-

national pharmaceutical and OTC skin care company acquired by

GlaxoSmithKline in 2009.

World Wide Vice President of Finance and Controller

WW VP with full responsibility for finance function for 50+ Legal Entities

in over 100 Countries. Worldwide finance staff of 170+, including 2 in-

house Shared Service Centers in EMEA & APAC running 2 ERP's (SAP & Movex),

and using HFM / Hyperion for global consolidation and budgeting.

. Served as WW integration as key integration leader to ensure business

continuity and reporting while integrating the Stiefel finance function

into GSK, worldwide.

. Delivered accurate and on-time reporting to GSK, while maintaining

attrition at 10% for 9+ months.

. Improved financial controls (reconciliation, results review meetings,

segregation of duties, foreign currency eliminations) and improving

processes (ERP system clean-up, month end close process) resulting in

the first External Audit without significant deficiencies or material

weakness in the last 5 years.

. Designed and led a monthly close optimization project resulting in

reducing the close by 25+ days (now a 3 day market close and 2 day

consolidation / elimination).

. Introduced a '1 page' people development plan to add clarity on

performance reviews and development, resulting in timely reviews, some

restructuring, clear development communication.

. Added world-wide staff, audit and close meetings, and regional business

reviews, resulting in increased employee performance and satisfaction

as measured in the annual employee and partner feedback, and goal

achievement.

. Partnered with regional leaders to improve financial support, resulting

in a new hire and a regional reorganization.

Johnson & Johnson 2001 - 2008

J&J is a $63.7B ('08) world-wide premier healthcare company based in New

Jersey, USA, which manufactures and markets Medical Devices and Diagnostics

(wound care, diabetes care), Consumer Products (Band-Aids, Baby, Tylenol)

and Pharmaceuticals (Concerta). Vision Care manufactures and markets

Acuvue Brand Contact Lenses.

Vision Care Europe, Middle East and Africa, Bracknell, Berkshire, UK

Region Finance Director (Regional CFO) (2005 - 2008)

Regional FD with financial responsibility for a $.5B region with 20

Reporting Companies in 45 Countries, operating in 11 different currencies

and 16+ languages; Internal finance staff of 30, and outsourced AR/AP in

Prague, CR of 40. Led monthly business reviews, the annual Business Plan

and Update Process, Regional Pricing, P/L Management and investment

decisions, regional IT and Purchasing; Regional Board Member (Key Leader).

Faith A. B. Adee

Page 2 H: 904-***-**** / M: 305-***-****

. Instrumental in impressive turnaround of a $500M (turnover) region in

2.5 years: Revenue 18+% CAGR versus <5% growth in 2000-2005, 7 pp drop

in SGA; Systems Income up $50+M; DSO from 82 to 59 days.

. Partnered with the Regional President and the leadership Board, moved

focus to income and ROCE, as well as revenue. Set up a base versus

investment scenario for Business Planning and Marketing spending, which

resulted in measurement clarity and more fact based investment

decisions. Drove expense accountability through systems income focus,

reaching consensus with the Board on the 'fairness' of this measure.

. Set original SOX controls and improved process resulting in passing a

SOX and financial reporting

Internal Audit.

. Reorganized both Finance and IT, improving Credo (feedback) scores and

business partner

feedback significantly.

. Co-led a regional Pricing project resulting in a Pricing Committee,

price monitoring, and globally aligned pricing.

. Directed EMEA Information Technology with a staff of 10 on a global

instance of SAP. Co-led an SAP improvement project resulting in new

SAP functionality, significantly reduced SAP issues, implemented a

multiple market super-user project, eCommerce & EDI handling up to 50%

of incoming orders, a CRM tool (Extenso) and software (Salesforce.com)

used by 250 reps; and an IT prioritization process for regional

agreement on resource deployment.

. Developed a new Strategic Sourcing group responsible for PTP and

resulting in $13M in savings in 2.5 years.

Vistakon, Jacksonville, FL

Global Franchise Financial Controller (2001 - 2005)

Financial Director managing US Financial Reporting, Global CFO Partner

coordinating budgets and new initiatives globally, US Taxation, Fixed

Assets and Time & Attendance.

. Led US Budgeting & Updates cycles successfully, expanding to leading

and consolidating global

Business Planning.

. Served as member of improvement teams, Green-Belt Trained, and leader

of process improvement initiatives.

. Led the global SOX Project of 2004, utilized collaboration and

communication to successfully complete for 40 global Vision Care

reporting companies with few exceptions, and all covered by mitigating

financial controls.

. Leader of the Women's Leadership Initiative for Vistakon USA, and

representative to Consumer WLI.

. Partnered for Internal and External substantive, transactional tax, and

compliance audits, with few comments, and no adjustments.

. Significant partner / leader of IT implementations (of eXRS, CTO,

BRAVO, SAP and ARIBA).

. Leadership: Member of improvement teams, active member of J&J US cross-

company Financial Controllers council, Business partner with Global

Group Chairman, Vistakon CEO, CIO and VP of HR.

CEN Electronics Manufacturing, LLC, Caledonia, NY 1999 - 2001

A $25M ('00) industrial battery, electronics and magnetics company located

in Caledonia, NY, a division of Chloride Group PLC a London-based publicly

held company. CEN was divested by Chloride in 2001, in 2 pieces.

Chief Financial Officer (2000 - 2001)

Served as key management leader directing Finance, IT and HR; member of the

Board of Directors of CEN Electronics Mfg, LLC.

. Collaborated with Board of $15M privately held manufacturing company to

set company's strategic direction and led change resulting in meeting

debt covenants, reducing debt and steady top-line growth.

. Maintained relationships with banks, Board of Directors, legal counsel,

business associations, and auditors.

. Successfully provided timely and accurate internal and external

Financial Statements, payroll, budgets/forecasts, cost accounting,

managed and improved cash flow, revolving LOC, compliance with Bank

Covenants,,AR, Collections, AP, controlled/monitored inventory,

audits, fixed assets, insurance, leases, capital, set policy and

negotiated with vendors on Benefits, Employee Relations, HR Policy,

Internal Communication, IT Policy, and Resource Direction.

. Directed new company set-up including establishing bank accounts, new

general ledger, 401K plan, profit sharing, benefit changes, Federal Tax

ID numbers, new auditors, and managing employee growth, changes

and downsizing.

Faith A. B. Adee

Page 3 H: 904-***-**** / M: 305-***-****

Financial Controller (1999 - 2000)

Served as key management member directing Finance and IT for a $20-$25M

manufacturing facility.

. Led 4 divestiture initiatives and 1 acquisition initiative (2

successful), including presentations on the company, due diligence,

modeling, contract negotiation, bank presentations, and asset purchase

accounting.

. Achieved process improvement through leading Kaizen events, Inventory

Reduction, Cycle Counting, and Cost initiatives resulting in: a scrap

program reducing scrap from 4% to less than 1% of inventory, reducing

accounting close cycle from 10 to 4 days. Aided direct labor

reduction from 13.5%to less than 12% of sales in 6 months. Eliminated

physical inventories and increased inventory controls reducing annual

shrinkage from 9%+ to less than 2%.

. Leader of the ERP implementation, (completed 9/99), consisting of new

hardware, software and IT roles; owned the project and budget;

designed the solution with consultants, set parameters; developed

training program, owner of the Go/No Go decision; managed change with

HR and led successive process & job task improvements / changes.

Professional Experience Prior to 1999:

Graphic Controls, Buffalo, NY

GC was circa $250M ('98) multi-national disposable medical products and

industrial chart company based in Buffalo, NY, which manufactured chart

paper, disposable medical devices, and inks. GC was purchased by Tyco in

1999.

Controller, Buffalo Operations

Technology Manager, North American Logistics

Business Analyst, Corporate Finance

Financial Analyst, Industrial Division

Hewlett Packard, North American Field Sales Organization, Novi, MI,

Regional Financial Analyst;

Data Systems Division, Cupertino, CA, Senior Cost Accountant

Michigan State Senate, Lansing, MI, Legislative Aide

EDUCATION

Master of Business Administration, Finance, Michigan State University, East

Lansing, MI

Bachelor of Arts, Political Science and English Literature Michigan State

University, East Lansing, MI

PROFESSIONAL Affiliation

Member of Institute of Management Accountants; anticipating completing CMA

certification in December 2010.

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