KENNETH A. HEBERT
** ******* **** ( Windham, New Hampshire 03087
603-***-**** 207-***-**** (Mobile) *********@*******.***
PRESIDENT / CHIEF FINANCIAL OFFICER
Manufacturing & Distribution Industries / High-Tech & Start-up Environments
( Persuasive Communicator, Analytical Solutions-Thinker, Strategic Planner,
Motivator, Achiever (
Leadership & Performance Milestones:
Led merger to create $500M industrial tire company Served as liaison to
spearhead all merger activities
Surmounted 20% revenue drop caused by 9/11 Led and communicated process to
right-size operations
Turned around and revitalized highly leveraged business Negotiated with lenders
to restructure debt and equity
Boosted sales 12% to regain lost market segment Re-tooled product and
established well-defined sales goals
Bolstered cash flow by $15M Identified and launched credit reduction and cost
savings programs
High-performance and visionary leader with 20+ years' experience executing
rapid change and process improvements to achieve profitability through
enhanced revenue growth and cost containment. Winning negotiator, change
catalyst and consensus builder able to forge productive relations with
customers, all levels of staff and management and with strategic partners.
Value Drivers / Financial and Operational Leadership:
. Forward-thinking Strategist: Intuitive understanding of the story behind
the numbers. Finance and operational expertise combine with superior
analytical skills to strengthen shareholder value.
. Steering Turnaround Success: Reinvigorated financial and operational
performance of stalled or declining companies by rapidly earning respect
within each organization, detecting and understanding problems and
swiftly delivering corrective actions.
. Diverse Industry Exposure: Computers, Semiconductors, ATE & Software,
Telecommunications Equipment/Service, electronic instruments, metal
fabrication and Plastics/Rubber Manufacturing
Areas of Expertise
Business Development / Business Plans . Profit & Loss Management . Change &
Turnaround Management Operational Processes & Procedures . Acquisition
Evaluation & Integration . International (Worldwide) Experience
Continuous Improvement Catalyst . Complex Problem Solving . Revenue Growth
. Productivity Improvement
FINANCIAL & OPERATIONAL LEADERSHIP OVERVIEW
KEN HEBET CONSULTING, Windham, NH
2008-2009
President
Working with a few private equity firms seeking investment opportunities in
niche manufacturing industries and providing financial analysis to evaluate
the potential investments.
CEO of Tetrad Technologies Group, a start-up holding company, with IP and
products providing specialized solutions involving hazardous chemical and
biochemical processes involved in the energy and environmental markets.
. Developed and wrote a business plan and presented it to
several venture capital firms and high net worth individuals
for startup funding.
. Discussed co-development projects with University professors
and other non competitive companies within the same market
space.
GPX INTERNATIONAL TIRE, Malden, MA 2006 to 2008
President - Solid Tire Division / Executive VP of GPX Operations
Directed operations of $500M industrial tire manufacturer/distributor with
international business reach in China, Latin America and Europe. Acted as
senior liaison between GPX and Maine Industrial Tires Limited, which was
acquired by GPX in April of 2006.
Merger & Change Management Strategies & Execution / Cash Flow Optimization
. Spearheaded merger activities of GPX and Maine Industrial Tires.
. Provided visionary leadership and decision-making during period of
rapid organizational and operational change.
. Minimized customer and employee turnover by diffusing employee
concerns regarding facility closings and consolidations and customer
uncertainty regarding acquisition.
. Crafted change strategy empowered by continuous communication with
customers and employees. Heard complaints, deployed teams to resolve
issues and promoted understanding of acquisition by amplifying
inherent positives; e.g., for customers--enhanced marketplace
positioning and expanded product offerings.
. Prompted divestiture of non-strategic retail stores and ultimately
negotiated sale with acquirers that included forward supply
agreement to ensure future sales of products.
. Bolstered cash flow by $15M by influencing CEOs' buy-in to go-forward
position and programs through well-documented, compelling case-
examples include:
. Slashed inventory by $12M (18%) within 3-month period by selling
surplus stock.
. Saved more than $6M annually after identifying and implementing cost
savings programs achieved by such means as negotiating favorable
pricing with vendors, outsourcing, consolidating and by creating
formal bid structure for freight carriers.
. Launched credit invoice reduction program that resulted in up to $2M
in savings with additional benefit of enhancing customer
satisfaction and retention by making it easier for client to do
business.
MAINE INDUSTRIAL TIRES LIMITED, Gorham, ME
1999 to 2006
President / Chief Financial Officer
Led management team and directed finance management of leading industrial
tire manufacturer with 3 plants and several retail companies. Maintained
strong relationships with banks, mezzanine lenders and with private equity
parent during difficult times.
Change Leadership / Profit Maximization / Sales & Customer Growth
. Guided the integration of the acquisition of two plants and led the
effort to acquire two retail stores which tripled the size of the
company. Executed the planned acquisition synergies which included
resource and compound sharing and the elimination of duplicate
functions and warehouses. Created a matrix infrastructure,
implemented a 3 year sales planning process, and oversaw product
pricing and positioning which allowed the company to maintain its
premium price position in the market.
. Achieved company's first profit in 5 years. Continued to increase
company's value, which led to sale and merger of the company resulting
in 100% return of debt to senior lenders.
. Overcame 20% drop in revenue stream (caused by 9/11 effect on
transportation industry) to reinstate profitability by right-sizing
business to lowered revenue. Accomplished by persuading and leading
management team to accept and initiate changes for good of company and
benefit of remaining employees:
. Implemented cost controls & Sarbanes Oxley. Closed 2 distribution
centers.
. Phased out 20% of SKUs and eliminated 35% of company's headcount.
. Secured $5M+ gain / $600K in annual interest savings for 4 years to
reverse distressed financial situation.
. Foresaw and acted upon chance to negotiate with vendor and thwart
steep debt issues paralytic to business.
. Subsequently, restructured debt and equity of business to generate
$2.5M for debt repayment and additional $3M for working capital
requirements.
. Maximized EBITDA (improved 3 times) by linking 25% portion of selected
management's bonus to consolidated EBITDA of business.
NORTHERN STAR TELECOMMUNICATION SERVICE, INC., Windham, NH
1995 to 1998
President
Built start-up marketing telecommunications company offering consulting and
reselling of long distance services and customized management reporting to
smaller businesses within the New England area.
. Pioneered all business procedures, securing billing platform and
services, creating copy and collateral materials to support
advertising and marketing campaigns, and by implementing pro-active
customer service strategy to increase customer retention.
SCHLUMBERGER, LTD., New York, NY 1987 to 1995
Chief Financial Officer - Global Tel*Link (Mobile, AL, 1993-1995)
Divisional Assistant Controller - Technology Division (New York, NY, 1992-
1993)
Chief Financial Officer - Verisys (Tokyo, Japan, 1989-1992)
Group Controller - North American Sales, (ATE) Group (Burlington, MA, 1987-
1989)
Selected Highlights
. Saved more than $1.8M annually at Global Tel*Link by initiating and
implementing strategic and operational plans.
. Enhanced decision-making and focused business managers on "bottom-
line" by significant improving financial reporting systems (Global
Tel*Link).
. Developed what became corporate financial model for evaluating
acquisitions. Incorporated within model calculations of ROI, DCF and
pay-back periods (Technology Division).
. Streamlined operations to save $2M by orchestrating acquisition and
installation of manufacturing software. Resulted in elimination of
inventory control problems and operating variances (Verisys).
. Challenges to success included selling idea of business model change
to decision-makers within newly established joint venture based in
Japan, despite significant cultural differences.
. Successfully directed the conversion and implementation of several
software systems.
. Catapulted ATE sales from $1M to $15M in less than 18 months to
reverse $1.5M loss into $1M profit.
. Repositioned and upgraded sales force, tapped new distributors
domestically, hired new European sales manager and launched ATE
tester into Europe; slashed costs by cutting waste and
underperforming employees.
. Successfully brought and implemented best practices from Schlumberger
into several smaller companies.
. Strong international background having overseen manufacturing
facilities and finance and sales staffs in England, Holland, France,
Germany, China, and Japan.
EDUCATION
MBA, 1989
B.S. in Business Administration - Accounting, 1979
Suffolk University, Boston, MA