Peter Speers, CPA
Chelsea, MI **118
Phone: 248-***-**** E-mail:
abmg6p@r.postjobfree.com
SUMMARY
Financial executive with a proven international track record in financial
reporting (GAAP and IFRS), operations leadership & analysis, M&A, ERP
implementation, Tax, SOX/Internal Control/Audit, Six Sigma/lean, corporate
turnaround and cash flow improvement.
WORK EXPERIENCE
Severstal North America, Dearborn, Mi ($12B Integrated Steel
Manufacturer)
Finance Director & Assistant Corporate Controller 2008 -
Present
. Report to VP - General Manager of Operations and CFO
. Financial "point person" leading integration of 5 steel companies
acquired since January 2008
. Responsible for Financial Reporting per GAAP and IFRS for North American
entity
. Leading aggressive cost reduction program, with $55 million of
improvements achieved to date
o Material supply contract "re-negotiations" for significant cost &
cash flow improvement
o Re-opened labor contract for 30% headcount improvement
. Launched improved cash flow management tools
. Took over leadership of Corporate IT function
Eaton Corporation, Marshall, Mi ($300M Automotive components
manufacturer)
Controller, Torque Products Division 2007 -
2008
. Achieved automotive group-leading profitability, cash-flow and working
capital performance
. Leading (hands-on) integration of aftermarket acquisition (Tractech),
including ERP implementation, financial reporting, SOX/audit, shared
service center incorporation
. Expanded legal-entity tax structure to minimize overall tax rates (BIC
for automotive suppliers)
. Federal government accounting and reporting
. Reporting to VP/General manager
. Supervised 5 plant controllers (in 5 different countries)
Collins and Aikman Corporation, Southfield, Mi (Automotive components
manufacturer)
Vice-President Finance 2005 - 2006
Responsible for Financial Reporting and analysis for $2.6 billion
Corporation.
. Brought in (post-bankruptcy) by the new CEO to rebuild Finance team and
processes
. Also operated as acting Corporate Controller.
. Charged with hiring and developing new and improved finance team.
. Led accounting close for 25 plant consolidation (Hyperion)
. Developed cash flow improvement actions which helped slow "burn rate" and
allowed time for reorganization efforts to be implemented
. Supervising Financial Reporting, Accounting, Payroll, and IT groups.
. Profit responsibility for Plastics Operating unit, including supervision
of 25 plant controllers
. Reported to CEO and CFO
Independent Accounting Consultant 2004 - 2005
Clients included:
Horn Murdock Cole, Troy, MI - Provider of accounting and audit services
. Led Sarbanes Oxley internal audit process for automotive supply client.
Focused on improving Corporate Financial reporting and control during
client's emergence from bankruptcy.
Diversified Property Solutions, Southfield, MI - Provider of tax consulting
services
. Financial reporting, tax and accounting consulting services for
manufacturing clients.
. Developed extension of professional services offering (Fixed Asset
management)
. Delivered $1 million in property tax savings for key client.
Ford Motor Company (including positions with subsidiaries)
1986 - 2004
Various positions held, as listed below:
Visteon Corporation, Utica and Chesterfield, MI (Automotive components
manufacturer)
Multi-Plant Controller, Utica and Chesterfield Interior Plants
2002 - 2004
Responsible for Financial Reporting and Control for two $500 million
revenue plants
. Achieved $30 million year-to-year manufacturing cost improvement at the
two facilities in 2003
. Led development of Sarbanes Oxley Controls
. Successfully passed tough new Sarbanes-Oxley-driven audits at both
facilities in 2003
. Developed and implemented phase I of profit improvement strategy for
Visteon "East Side" plants - exit and reconfiguration of businesses will
reduce losses by over $100 million a year
. Key negotiator on 3-way "deal" to sell business unit and close seat
manufacturing facility
Visteon Corporation, Plymouth, MI 1999 - 2002
Pricing and Product Development Manager, Climate Control Division
Responsible for pricing and profitability "decisions" on new business for
the Worldwide Climate Control Business Unit ($5 billion annual Sales).
Managed P&L, Balance Sheet, and Cash Flow
. Led conversion of Climate Control from "cost-plus" to competitively
priced quoting process
. Quote team "won" over $500 million of new business with strong
profitability during this period
. Negotiated financing for new European engineering facility
. Delivered top divisional profit performance 3 successive years
Ford Motor Company, Allen Park, MI 1998 - 1999
Assistant Manufacturing Divisional Controller, Vehicle Operations
Responsible for all financial reporting, analysis and control for 30 plant
auto mfg. group
. Consolidated and reported financial results for 30 manufacturing
facilities on quarterly
. Implemented forecast accuracy improvements, reducing forecast-to-forecast
variability by 50%
. Re-aligned Finance & Operations responsibilities and systems from
regional to product line focus
Supervised 30 plant controllers on a matrix basis
Jaguar Cars, Ltd., Coventry, England
Product Development Controller 1996 - 1998
Finance lead/controller for all Jaguar cars new model development group.
Responsible for $500 million budget
. Drove margin improvement initiatives and identified $10 million in cost
savings each year
. Developed strategy for profitable extension of Jaguar product line to C/D
segment (X-Type)
Implemented Ford accounting and control disciplines in a European
organization and culture
Other Ford Motor Company positions held:
Finance Manager, Powertrain Group, 1993 - 1996, Investment Analysis
Supervisor, 1990 - 1993, Product Planning Analyst 1989-1990, Labor &
Overhead Analyst. 1987-1989, Cost Analyst, Dearborn Assembly Plant, 1986-
1987
Chicago Bridge & Iron, Chicago, Ill.
1981 - 1985
Project Engineer, Design Engineer, Construction Management
EDUCATION
The University of Chicago, MBA Finance, May 1986
Michigan Technological University, BS Engineering with Honors, January 1981
Walsh College, Masters of Accounting, in progress
CPA, State of Arizona