Robert K. Holshouser
***** ********** ***** 248-***-****
Northville, Michigan 48168 abm1eo@r.postjobfree.com
Dear Recruiting Officer,
Please consider me for the position of Controller for Valenchis in Royal
Oak. The position requirements are consistent with skill sets that I have
developed and applied in positions in the automotive industry within Ford,
Visteon, and Automotive Components Holdings, LLC.
From 2003 through 2008, I was Divisional Controller for the Glass Division
within Visteon and ACH (plus Aftermarket Operations in Visteon). As
finance leader for this separate business unit serving automotive OE,
Aftermarket and non-automotive markets, I applied leadership skills to help
drive the distressed unit towards profitability, achieving a before-tax
profit in 2007. Skills I have developed are transferable to the new
position, in a multi-location company that has breadth of product, breadth
of industry, and geographic diversification that could offer me ample
opportunities to continue to enrich my leadership, financial, and strategic
skills.
For the past three years, one of my primary roles was to divest the Glass
business. We accomplished that goal earlier this year, after several
rounds of due diligence and numerous negotiations with several prospective
buyers. After the sale, I agreed to remain with ACH (the selling company)
until year-end, fulfilling a role as transition leader for the business.
This role is concluding at the end of this 2008. Last year, I performed
due diligence and valuation consulting work for a local investor eying the
automotive industry, working on projects addressing companies in the US and
Europe.
Throught the sale process of the Division (which resulted in high turnover
of the salary ranks), as a consultant, and in various analytical jobs in
Ford and Visteon, I have proven myself as a "roll-up-the-sleeves" manager --
sometimes large organizations like I have worked for develop professional
managers who forget that they need to work too. I am a hard-working,
driven, analytical manager.
A role as Controller includes four primary missions, which I have
demonstrated proficiency in - ensuring effective controls over accounting
and asset management, ensuring accounting integrity, performing robust
financial analyses, and communicating to operational management the results
of these analyses help them make excellent decisions. As Controller, as
demonstrated by my recent experiences, I would take an active role in the
decision making process (not simply providing data) and would establish
realistic, challenging goals to drive organizations towards tactical
solutions that support corporate strategic plans and ultimately enhance
shareholder value.
In this challenging economic environment, it may be necessary to undertake
significant structural changes in order to survive and prosper. Toward
this end, my experience in operational restructuring and strategic asset
acquisitions and divestitures may be of value to your management team.
Sincerely,
Robert K. Holshouser
abm1eo@r.postjobfree.com h) 248-***-****
Robert K. Holshouser
16426 Winchester Drive 248-***-****
Northville, Michigan 48168 abm1eo@r.postjobfree.com
OVERVIEW
Senior finance leader with diverse experiences in global manufacturing,
product development and sales operations. Noted for attention to detail
and collaboration with operational managers in developing strategic plans,
establishing key performance measures, promoting budgetary compliance, and
achieving operational goals. Internal Audit experience reinforces a
process and control-driven management style. M&A and venture experiences
fortify enterprise-level outlook and contract awareness. Key skills and
proficiencies include:
( Manufacturing and Sales ( Expense and Product ( Acquisitions and Joint
Reporting Costing Ventures
( Budget and Business Plan ( Strategic Plan ( Due Diligence
Modeling Development
( Multi-site Consolidation ( Internal Control and ( Discounted cash flow
Audit valuation
( Inventory Controls & ( Collections and ( Contract negotiation,
Valuation Receivables compliance
PROFESSIONAL EXPERIENCE
Consultant to REVSTONE INDUSTRIES LLC Southfield, Michigan 2009
Private Equity firm - Revstone invests in and transforms distressed
manufacturing businesses.
FINANCIAL CONSULTANT (outside service provider)
Conducted due diligence and valuation analyses to support
acquisitions of manufacturing operations in North America, Europe, and
Asia. Assessed financial and operational data, prepared analyses for
financing packages, and supported opening balance sheet development.
AUTOMOTIVE COMPONENTS HOLDINGS, LLC Allen Park, Michigan 2005-2008
ACH was a Ford-managed company created to sell plants that were
previously spun-off to Visteon.
DIVISION CONTROLLER / CFO, GLASS BUSINESS UNIT, 2005 - 2008
Managed Finance and Accounting for a ~$500 million Glass Business,
with five locations serving three business segments (Automotive OE,
Aftermarket, and Commercial Glass). Developed budgets, business plans and
performance reports and coordinated the internal control program for
ongoing business while supporting the sale of the business unit.
Established pricing, evaluated capital expenditure requests, evaluated
cost variances, calculated reserves such as obsolescence, bad debt, and
warranty, pursued collections from non-automotive customers, established
cost improvement goals and action plans, and reported revenue, expense,
and profit results to divisional and corporate management.
. Marketed and sold the Glass Business to a private investor after
preparing financial and operational input for offering memorandum;
collecting, organizing and testing due diligence data and industry /
competitive analyses; and representing operations in strategic and
financial discussions with four potential buyers.
. Championed projects for two ~$30m rebuilds of float glass furnace
lines, including strategic and financial analyses, approvals,
procurement contracts, and project control.
. Planned and executed restructuring actions allowing Glass to earn a
profit in 2007 after several years of losses; actions included
consolidation of redundant capacity, elimination of low margin
products, and relocation of a distribution facility from Michigan to
Tennessee.
. Oversaw transition of Finance/Accounting processes to investor after
sale of the business in 2008
o Developed and deployed processes to split cost, revenue, and cash
from corporate systems and participated in design and negotiation of
transitional services agreement for Finance/IT systems.
o Reconciled an aged receivable account, resulting in recovery of
$1.5m of spin-off related expenses.
o Advised buyer in business processes and supported planning of
migration to new ERP system.
VISTEON CORPORATION Van Buren Township, Michigan 2000-2005
Visteon was an $18B global company formed by a 2000 spin-off of Ford
component businesses.
CONTROLLER, GLASS & AFTERMARKET OPERATIONS, 2003 - 2005
Initially Finance leader for $600m Glass Division, a public company
reportable segment. Role expanded to include Finance and Accounting for
both Glass Division and the North American Aftermarket Business Unit -
together over $1B in annual sales.
. Consolidated and assessed comprehensive strategic plan for Glass,
confirming viability as an entity and supported with actionable items,
including capacity consolidation to achieve fixed cost reduction.
. Championed relocation of aftermarket warehouse from Michigan to
Tennessee, saving $2.5m per year.
. Designed graphical reports and improved processes to address late
customer payments, resulting in reduction of average receivables by $3
million.
. Integrated aftermarket sales organization into Glass Operations for
improved effectiveness.
. Enhanced product reporting (by product, product group, and by customer
group) within Aftermarket and chaired strategic reviews used to
identify growth businesses vs. opportunities for divestiture,
resulting in sale of certain businesses.
DIRECTOR, INTERNAL AUDIT, 2001 - 2003
Reporting to General Auditor, directed internal audit staff for
global company. Managed the planning, execution, reporting, and follow-up
testing for location and process audits and fraud investigations.
. Coordinated the selection of an audit partner and led migration from
outsourced to co-sourced model.
. Launched workpaper database and reporting mechanism, improving audit
efficiency.
. Authored Audit Committee reports about risk assessment, audit plans,
findings, and corrective actions.
. Developed and deployed company-wide "core Finance competencies" for
use in personnel development, performance measurement, and
recruitment, deployed globally within Visteon Finance.
DIRECTOR, MERGERS AND ACQUISITIONS, 2000 - 2001
Reported directly to CFO of Visteon Corporation, managed Visteon's
M&A Finance Department immediately after separation of Visteon from Ford.
. Oversaw analysis, negotiation and execution of acquisitions and
divestitures including purchase of aftermarket remanufacturing
business, sale of restraint electronics, and intellectual property
licensing for key technologies such as speech recognition.
. Modeled synergy analyses and strategic/financial analyses for several
potential Joint Ventures, acquisitions, and divestiture opportunities
within the USA, South America, Asia, and Europe.
. Designed and documented the corporate process for buying or selling
business units, addressing idea proposal and management approval, due
diligence, deal closure, and post-closing integration or business
divestiture execution.
FORD MOTOR COMPANY Dearborn, Michigan 1989 - 2000
DIRECTOR, FINANCE, BUSINESS DEVELOPMENT, and IT, 1998 - 2000
Atlantic Automotive Components (Joint Venture 70% owned by Ford in Benton
Harbor, Michigan)
Responsible for Finance, Accounting, and Sales within a plastics Joint
Venture. Prepared and presented financials to Board of Directors
comprised of representatives from Ford and Venture Plastics.
. Quantified price proposals and managed sales team that established a
new product line.
. Won new business to double revenue from $50m to $100m, requiring
launch of a 2nd manufacturing site. Worked with state and local
agencies to obtain incentives for site within an "empowerment zone".
ANALYST, M&A FINANCE, 1998
ANALYST, INTERNATIONAL FINANCE, 1997
Performed analyses related to potential spin-off or merger of
component supply operations from Ford prior to spin-off of Visteon to Ford
shareholders. Assessed Affiliation/Joint Venture proposals, developed
capital plans, and negotiated operating agreements with venture partners.
. Acquired two components plants in Poland, after providing financial
modeling and negotiating support.
. Prepared Excel valuation models and business plans used to establish a
climate joint venture in China and acquisition/expansion of a
components JV in Argentina. Oversaw post-closing true-ups.
. Oversaw financial decision-making for various joint ventures,
coordinated the financial and accounting reports to Directors, and
managed the consolidation and equity reporting into corporate
financial systems.
SUPERVISOR, CAR PRODUCT DEVELOPMENT FINANCE, 1991 - 1996
. Supervised profit & cost analysis teams for 1996 Taurus/Sable
Freshening Program.
COST ANALYST, Transmission and Chassis Division, 1989 - 1991
. Performed product cost analysis for chassis components and transmission
programs, including Bill of Material cost tracking, change control,
make-vs-buy analyses, benchmarking and establishment of affordable cost
targets.
GENERAL MOTORS CORPORATION Shreveport, Louisiana Assembly Plant 1980 -
1987
MANUFACTURING PROCESS ENGINEER, Body and Trim, 1985 - 1987
CO-OP STUDENT, 1980 - 1985
EDUCATION
IESE UNIVERSITY OF NAVARRA Barcelona, Spain Senior Management
Program
UNIVERSITY OF CALIFORNIA, BERKELEY, California MBA, Finance and
Strategy
GMI ENGINEERING & MANAGEMENT INSTITUTE, Flint, Mich. BS, Mechanical
Engineering