Fred B. Lederman
? ** Golden Scroll Circle, The Woodlands, TX 77382 ?
? 281-***-**** ? ****@******************.*** ?
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V C-level executive with restructuring consulting and hands-on
operations, finance, marketing, sales, strategic planning and
divestitures at technology and manufacturing companies.
V Experience with distressed, start-up, turnaround and fast growth
companies.
V A demonstrated record of P&L success across diverse sectors.
V Strong due diligence forensic analyses, acquisition integration and
divestiture experience.
V Accomplished at establishing financial and operational benchmarking
that has fixed, re-margined and grown revenue for clients and
businesses.
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Solutions driven, profit oriented leader with vision, experience and
business acumen to identify investment opportunities, establish solid
financial and metric systems for portfolio companies, and, then move beyond
financial statements to formulate cost effective strategies that overcome
potential shortfalls, fully utilize resources and maximize ROI. A skilled
negotiator dedicated to building positive, mutually respectful
relationships with clients, associates, investors and other stakeholders
which facilitates corporate growth.
Hands-on experience in diverse leadership positions that has earned
progressive responsibility for all aspects of managing manufacturing,
business development, purchasing, marketing and financial restructuring.
Skilled at managing cross-functional teams and implementing workflow
processes which improve productivity.
Reputation as a "rainmaker" and "troubleshooter" supported by over 20 years
of consistently successful executive level management experience with
companies ranging from entrepreneurial ventures to multi-national
corporations. Valuable network of industry contacts along with a sound
knowledge of the latest business trends, especially in these difficult
economic times.
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PROFESSIONAL EXPERIENCE:
Tourbillon Ventures, LLC, The Woodlands, TX
Managing Director & President- (October, 2003 to Present)
Established this management consulting firm to assist private equity
investors, business owners, Boards and public company CEOs improve
their business services, retail, database, direct marketing, Internet,
for-profit education businesses or portfolio companies to maximize
return on investment.
Experience in business analytics, financial restructuring, working
with banks and creditors, forensic analyses of operating systems and
P&L statements.
Specific operations, sales, marketing strategic planning, finance,
acquisition and divestiture experience in retail, manufacturing, and
not-for-profit organizations. Completed over 50 assignments and
transactions for companies with $7 to $300 million in annual revenue.
AdPlex-Rhodes, Houston, TX
Executive Vice President & Managing Director- (November, 2003 to December,
2004)
Challenge: Provide direction, leadership and focus to the company's
Software/IT Development and Applications, Client
Marketing, Research, Ad Production and Digital Print
business units that were part of a distressed "roll-up"
engineered by a private equity investor. Initial tasks
were to consolidate and restructure operations, reduce
expenses to meet bank covenants, identify new market
opportunities, upgrade the sales organization, expand
product and service offering and maximize profitability
by developing an enterprise-wide metrics system to track
all aspects of internal services that drive the business.
Fred B. Lederman
Page Two
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AdPlex-Rhodes, Houston, TX (continued)
Responsibility: Senior management responsibility for strategic
planning, operations, marketing, sales, technology and
new product development. Full P&L responsibility.
. Within the first six months in the position reduced expenses by
15%; established a strategic plan for growth and improved
profitability; identified new markets and clients; and developed
three new products. Record EBITDA performance for Division
achieved by two of the three SBU's. The Division increased 2004
EBITDA performance by more than 35% over FY2003.
FOCUS Direct, Inc., San Antonio, TX
President & CEO- (March, 1996 to October, 2003)
Challenge: To lead a financially unstable organization through an
aggressive turnaround, market repositioning, product and
client service expansion and business process
reengineering initiative to restore profitability.
Develop a strategic plan to dramatically build the
business through organic growth and acquisitions.
Responsibility: Senior management responsibility for strategic
planning, operations, marketing, sales, IT market
research, finance, manufacturing technology,
administration, human resources, new product development
and outsourcing.
Full P&L responsibility. Reported to the Board of Directors.
. Implemented aggressive cost savings initiatives including the
consolidation of staffing; improved material tracking;
negotiated new supplier contracts; established a flat line of
direct reports to speed up decisions and reaction to client
requirements which restored positive cash flow and grew
profitability 39% within six months.
. Worked with agencies and B2C marketers in developing licensing
and promotional programs to match the market and client needs
while developing an Internet service to provide "back office"
management and fulfillment for clients like Ralston Purina and
Duracell.
. Acquired three companies that expanded revenues by 56% and
profitability by 213%.
. Grew FY1996 revenue from $10 million to an FY 2000 run rate of
$72 million.
. Sold the DataMark Division in June, 2000 to an investor for a
240% capital gain.
. Recognized as one of the top 50 direct mail companies by the
Printing Impressions.
. Sold company in August, 2003.
ADVO, Inc., Windsor, CT
Vice President- Strategic Initiatives- (March, 1990 to March, 1996)
Challenge: To accelerate the growth and turnaround of the nation's
largest direct mail marketing company, a $1.1 billion
NYSE fast growth enterprise positioned as the preeminent
"one stop" provider of micromarketing and database
services.
Responsibility: P&L responsibility for the company's $40 million
transportation and tabloid print
divisions; senior management responsibility for the
internal departments that managed over $145 million in
purchased goods and services for solo mail, national
print programs, desktop publishing and non-
traditional/new technology product development. Reported
to the EVP/CFO.
. Managed print production growth of $107 million from 1992
through 1995.
. Developed two patented database products generating $5.2 million
in sales at 43.6% GP.
. Developed direct marketing mail programs and promotions for
national retail clients such as Pizza Hut, Jiffy Lube, Talbots,
Home Depot and others.
Fred B. Lederman
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Dittler Brothers, Inc., Atlanta, GA
Executive Vice President- Sales & Marketing- Dittler Brothers, Inc.
(August, 1984 to March, 1990)
Challenge: To accelerate the sales growth of a specialty printer and
promotion company through new agency relationships, new
products and expand the sales force.
Responsibility: Responsibility for the company's $80 million in
revenue and customer service. Reported to the President.
. Developed consumer licensing promotions for McDonald's with
their MonopolyTM game and tie-in promotions with movies and
sports stars.
. Worked with the agencies for Coca-Cola, Home Depot and other
retailers on licensed products, promotions and instant win
scratch-off games.
Education
Boston University, Boston, MA- BS Communications. Dean's List/Honors
Graduate
Union College, Schenectady, NY- Masters course work in Industrial
Automation
Georgia Military Institute, Milledgeville, GA- 2Lt. with Honors in
Leadership & Infantry Tactics
External Business & Community Service Affiliations
Kingfish Group, Advisor, San Mateo, CA (2008 to Present)
Guidepoint Global Advisors, Consultant, New York, NY (2008 to Present)
Gerson Lehrman Group Media Council, Austin, TX (2006 to Present)
ComVest Partners, Advisor, West Palm Beach, FL (2006 to Present)
FOCUS Direct, LLC, Board Member, San Antonio, TX (2003 to 2005)
Performance Marketing Associates, Board Member, Houston, TX (1991 to
Present)
United Way San Antonio- Tejas Society Member (1996) and Bexar Society
Member (1997 to 2004)
Big Brothers/Big Sisters, Board Member, San Antonio, TX (2002-2003)
Metro Label, Inc., Board Member, Dallas, TX (1998-2001)
Governor Street Bagels, Board Member, Seattle, WA (1994-1999)
United Way Hartford Area - Section Chairman (1994) and Division
Chairman (1995)
Door to Door, Inc., Secretary, Treasurer & Board Member, Grand Rapids,
MI (1993-1995)
Speaker at various industry meetings including at Fulcrum Information
Services' Database & Direct
Marketing Industry M&A Forum on "Conducting Bulletproof Due Diligence"
and The United States
Postal Service's Southwest Conference on "The Critical Partnership of
Mail Manufacturers and The
USPS To Improve Productivity & Profitability".
Guest columnist (January, 2007) in "Business Common Sense" by Denny
Hatch, an e-newsletter to the direct marketing industry.
Personal:
Honorable discharge- US Army, 2Lt. Who's Who in Advertising (1989 to
Present). Hobbies include hiking, tennis, reading, numismatics,
historical research and horology.
Partial List of Transactions & Advisory Clients
Avista Capital Partners, New York, NY FOCUS Direct, San
Antonio, TX
Bain & Co., New York, NY Flinn Asset Management,
Greenwich, CT
BioCom, Houston, TX General Envelope &
Lithography, St. Louis, MO
Boston Consulting Group, Washington, DC Gerson Lehrman Group, Austin,
TX
Citigroup Venture Capital Partners, New York, NY OSG Billing Services,
Englewood, NJ
ComVest Partners, West Palm Beach, FL Kingfish Group, San Mateo, CA
Creative Mailing & Marketing, Inc., Carson, CA Mid Coast Press,
Columbia, MD
Creative Print & Mailing, Tulsa, OK OSG Billing Services,
Englewood, NJ
DataMark Systems, Salt Lake City, UT Shelton PreSort, San
Antonio, TX
doodad, Inc., Atlanta, GA SourceCorp, Inc., Dallas, TX
FALA Direct Marketing, Melville, NY