THOMAS C. HENNINGS
Cincinnati, Ohio 45244
513-***-**** (Mobile) or 513-***-**** (Home)
********.***@*****.***
PROFESSIONAL LEADERSHIP
Throughout my business career in leadership roles, I have focused on
improving shareholder value by growing the top and bottom lines. My
relentless and persistent pursuit of the goals and objectives, hands on
approach to accomplishing the strategic initiatives has consistently
produced annual improvements in operating profits. My approach to
improving business systems and processes continues to make me an impactful
executive, leader, manager in all business aspects.
SUMMARIZED CAREER HIGHLIGHTS
Corporate Management/Financial/Operational/Sales/Marketing/Engineering/HR
Strategic Planning/Annual Budgeting/Forecasting / M&A
Sales Plans /Market Analysis/Product Development
Turnaround Expertise/ Consolidations / Change & Crisis Management
Supply Chain Management/Strategic Sourcing/ Supplier Cost Improvements
International Business Experience/ International Relationships
Lean/Six Sigma Continuous Improvement/Cost Reductions/Toyota Business
System
WORK EXPERIENCE
TH CONSULTING GROUP (Cincinnati, Ohio)
President/CEO 2004 to Present
The consulting organization is focused on assisting small to medium sized
turnaround companies by: (1) Filling interim leadership roles acting as a
change agent and (2) Implementation of lean/six sigma and improved business
systems. The consulting company provides an improvement plan which is
derived from a gap analysis that compares the clients company to their
strategic initiatives and to world class standards. I have served interim
roles as a President, COO, Vice President of Operation, Director of
Manufacturing, General Manager, VP of Sales & Marketing and Project Manager
for IRCO, Maritz Corp, Five Season CC, ImagePoint Inc., Parkway Products,
Evans Inc. and numerous modular housing companies.
. TH Consulting Groups customer's initial savings have been realized
through time to market reductions, increased revenues, improved
quality/reduced scrap, reduced inventory levels, reduced floor space
requirements, improved safety, and improvements in labor utilization.
All of the above have resulted in improved profits.
. As the interim COO of a $70 million division of a multi billion
dollar company, over $10 million in saving were identified, programs
for those saving were developed and underway and successfully
implemented when the permanent COO replacement was identified and
placed.
. As the interim President/COO of a modular housing builder, I was able
to reduce raw material spending by 25%, by using TAKT times reduce
the build rate from 35 minutes/SF to 21 minutes/SF, and double the
size of the distribution network.
WADDINGTON NORTH AMERICA (Covington, Kentucky)
COO/Executive Vice President 2002 to 2004
Had P&L responsibility for all of the thermoforming manufacturing sites of
this $200 million private equity manufacturer of disposable plastic food
service items. The company employed over 700 full time direct and salary
personnel. Sales were focused on high volume distributors, food clubs,
and quick serve/fast food carry out and sit down chain restaurants.
. Formulated and implemented a plan which realigned resources using
lean/six sigma principles and kaizen events to turn around an
unprofitable high cost operation into a positive 15% EBITDA
manufacturing site within a 3 month time period. The annual realized
outcome was a $3 million shift in EBITDA (-$600,000 to a positive
$2,500,000).
. Changed the company culture utilizing lean/six sigma principles to
insure everyone worked toward a common set of goals utilizing a goal
deployment system while mentoring and teaching skills in continuous
improvement, process control, communications and strategic planning.
All of this was accomplished with an increased sense of urgency.
. As the sales value per employee were increased from $60/hour to over
$150/hour by implementing operational improvements, 33% additional
machine/production time was realized. That reduced the need for
capital spending.
PLASTIC MOLDINGS COMPANY LLC (Cincinnati, Ohio)
President 1996 to 2002
Had full P&L responsibility for three manufacturing plants in North
American as well as being accountable for sales/marketing, finance, H/R,
and engineering for this $70 million privately held manufacturer. The
Company employed over 300 full time direct and salary personnel. The
sales efforts were focused on close tolerance plastic injection/compression
molded and insert molded metal components for the automotive, diesel, farm
implement, and lawn/garden markets. Additional markets included selling
to electronic, commercial and medical hand held devices customer. Our
annual tool sales ranged from $1 million to $4.5 million. Tooling was
constructed in Taiwan, China, Japan, Germany and Portugal, as well as in
North America in our captive tooling plants or outside sources.
. Established and lead the sales/marketing program for Engine Management
Systems. This program provided year in and year out double digit
sales growth with targeted customers. I personally developed "C"
level relationships with all target customers. The new sales/marketing
program that focused on value added selling, resulted in an
understanding that piece part price is not the only factor in
calculating low cost. This program standardized the selling process
while improving the hit rate for new jobs to over 40%.
. Developed a joint venture agreement with a Germany company which made
PMC the recognized leader in plastic brake components in the North
American market. This JV resulted in a projected 15% annual revenue
growth over the next five years with targeted new customers in
addition to creating new relationships and strategic alliances in the
Far East.
. Implemented a process for Voice of the Customer, Customer Satisfaction
Survey and Index which measured the level of customer satisfaction as
compared to their wants and requirements, additionally, providing a
quick response tool for customer issues. The end result was a 25%
improvement in the Customer Satisfaction Index. Those satisfied
customers were responsible for over 70% of the targeted growth.
. The executive management team developed realistic but challenging
budgets, financial goals and objectives. The budgets were monitored
against past and actual performance. Published financials objectives
were used as a tool to assist the organization in the achievement of
the goals (Hoshin Plans & Goal Deployment). Annually, a minimum
cost reduction of 5% of sales was obtained through lean objectives
utilizing Toyota Production System and CQM principles. Additionally, a
new company wide pays for performance system, which incorporated the
stretch goals was successfully implemented.
RIETER AUTOMOTIVE (Detroit, Michigan)
Senior VP of Operations 1994 to 1996
Had full P&L responsible for five automotive manufacturing facilities,
sales for three plants, purchasing, plant/product engineering, material
management, quality assurance, human resources and plant accounting and
supervisory responsibility for over 900 employees for this $250 million
automotive and appliance acoustical and trim supplier. Responsibilities
included directing daily activities and focusing on the future development
of the organization (developing/implementing the team strategies, policies
and procedures to lead the company to the next level).
. Formulated and implemented a consolidation plan to reduce operating
expenses by over $2.5 million per year in one of the divisions. This
consolidation and re-staffing/alignment plan was accomplished in less
than two months.
. Built a sales and marketing programs while establishing new high level
relationships with the Japanese transplants, resulting in a 15% annual
revenue growth rate with the targeted customers.
. Established a sales/product engineering department and developed a
project coordination feedback loop. This was one of the single
biggest contributing factors to the year in and year out double digit
sales growth with existing customers.
. Developed a supply chain initiative which included a supplier quality
assurance and delivery program that contributed over $700,000 cost
savings over a two-year period.
WESTERN PUBLISHING - PENN CORPORATION (St. Louis, Missouri)
Senior VP of Operations 1990 to 1994
Had P&L responsible for two manufacturing facilities, purchasing, material
management/scheduling, data processing, plant/product engineering, quality
assurance, human resources, sales and marketing of this $60 million
publicly traded advertising specialty company, plus supervisory
responsibility for 750 employees. Processes included injection molding,
new tool construction and repairs, decorating, silk screening, high-speed
assembly and vinyl sealing. Senior management and staff worked to develop
the implementation plans for company goals and objectives to improve
revenue and reduce operational costs.
. Implemented operational changes so the manufacturing sites could
achieve gross factory profits in excess of 25% after a number of
unprofitable years. We achieved the goals through implementing world
class manufacturing principles such as work cells with single piece
flow, just in time deliveries, kanban, reduced scrap, employee
ownership and quality/process improvement. I lead the design/layout
work and executed plant mini-factory/lean work cells with a continuous
improvement program which resulted in annualized cost reductions of
20% per year over a three year period. Sales per direct labor hours
worked were increased three fold.
. Customer satisfaction was improved and credit memos fell from over 10%
to below the goal of 0.25% of the orders resulting in a 75%
improvement of repeat orders.
. The implemented lean/six sigma principles reduced production lead-
times from 24 days to 3 days with 99% on time delivery, while
simultaneously reducing inventory from $12.6 million to $1.2 million.
. Purchasing developed a supply chain initiative which included a
supplier quality assurance and delivery program. The program
contributed over $1 million in cost savings over a two-year period.
SIEGEL ROBERT INC (St. Louis, Missouri)
VP of Manufacturing & Engineering 1976 to 1990
Full P&L responsibility including the forecasting for the weekly, monthly,
annual budgets for this $600 million privately held company. Directed 7
plant managers and coordinated manufacturing operations for the seven
plants which produced injection molded plastic, die casting, painted, and
plated parts serving the automotive, appliance, computer, medical device
and plumbing industries. Directed and supervised an engineering staff of
29 various professional and sales engineers. I had direct and indirect
supervisory responsibility for 2700 salaried and hourly personnel.
Additional responsibilities included engineering, project management,
estimating new jobs, scheduling, tool designs and coordination of the $10
million tooling program for injection molds and secondary support tooling.
. Grew the company from $33million to over $600 million in sales in 14
years.
. Built the first "C" level relationship with Toyota.
EDUCATION
BS Industrial/Mechanical Administration Management - Iowa State University
University of Michigan Executive MBA Program - Course Work
Lean/Six Sigma Black Belt Certification
Certified Management Business Consultant
Center for Quality of Management -- Chairman
United States Coast Guard Master License