Erin L. Betts, CPA, MBA ****.**********@*****.***
C: 336-***-**** H: 281-***-**** KATY, TEXAS 77450
VICE PRESIDENT
Finance Operations
Acquisitions ? Mergers ? Turnaround
Accomplished and versatile business leader who provides strategic direction
and effective management for finance, operations, and technology functions.
Extensive history of identifying opportunities and implementing changes to
reduce costs, improve productivity, and increase profitability. Trusted
member of senior executive team because of ability to provide astute
recommendations for business growth, particularly during periods of major
changes in infrastructure.
Core Competencies
P&L Management Accounting Management Business Plans
Operations Management Financial Analysis Technology Integration
Strategic Business Budgeting / Forecasting Cost Reductions
Planning Management Reporting Efficiency Improvements
Acquisitions & Mergers
International Facilities SOX Compliance Due Diligence
Professional Background
PUROLATOR EFP, HOUSTON, TX 2006 - 2010
Filtration products for chemical fiber and plastics industries.
VICE PRESIDENT / GENERAL MANAGER
200+ managers and personnel
Managed 3 manufacturing plants and 1 distribution center for the business
unit. Directed all strategic planning, business development, operations
management, sales, customer service, and engineering.
. Quickly stabilized operations to complete a challenging integration of
a Canadian acquisition. Led the on-time delivery improvement from 65%
to more than 90%.
. Executed and managed acquisition and integration of company's next
largest competitor. Balanced seller's stringent time schedule to
relocate equipment while still meeting customer demands.
. Streamlined manufacturing process to be more competitive with imported
products. Dropped overall labor costs from 13% to 8%.
. Identified and developed joint venture to establish Chinese
manufacturing plant. Key member of team managing construction and
training for Chinese personnel, while also managing United States
manufacturing. Production is on track to begin 1st quarter 2010.
. Grew sales by 25% over 3-year period while maintaining operating
profit returns of 12-15%. Growth was due to new products, corporate
acquisitions, and new customer development.
PUROLATOR ADVANCED FILTRATION GROUP, Greensboro, NC 2003 - 2006
Specialty liquid filtration products for aerospace, oil, gas, biotech,
chemical fiber & industrial markets.
VICE PRESIDENT of FINANCE
4 Business Unit Controllers
Directed financial operations including financial statements, forecasts,
and budgets as business unit grew quickly. Managed acquisition growth
strategy with Group President.
. Key manager in growing unit with substantial increases in sales and
operating profit.
. Implemented and monitored Sarbanes Oxley compliance across operating
units.
Erin L Betts, CPA, MBA Page 2
PUROLATOR ADVANCED FILTRATION GROUP, Vice President of Finance (Continued)
. Collaborated with executive team at the Facet operating unit to
implement cost and operational improvement projects. Company moved
into profitability by the second year.
. Instrumental in identifying and acquiring two major firms. Handled
operational and financial due diligence as well as post-acquisition
integration.
PUROLATOR FACET, Greensboro, NC 1992 - 2003
Specialty filtrations products for aerospace, oil, gas, and general
industrial markets.
DIRECTOR of FINANCE & INFORMATION TECHNOLOGY, 1999 - 2003
6 direct reports
Managed accounting operations for budgeting, forecasting, internal
controls, operational planning, AP/AR, period close, and all reporting.
Handled maintenance and deployment of information technology throughout the
organization. Monitored $4M in operating expenses.
. Reduced IT staff from 4 down to 2 through automation and outsourcing
certain functions.
. Saved $20K+ annually by implementing a "paperless" report printing
system.
. Managed operating unit cost reduction programs that generated $500K in
annual profit savings.
. Developed operating profit analysis tool that could show profit of the
unit down to market, customer, and item number levels.
CONTROLLER, 1995 - 1999, 4 direct reports
Oversaw financial reporting, budgeting, forecasting, financial analysis,
and the general ledger. Managed general accounting functions, including
AR/AP, account reconciliations, and cash management.
. Developed and automated monthly reporting package for executive staff.
FINANCIAL ANALYST, 1994 - 1995
COST ACCOUNTANT, 1992 - 1994
Tracked and reported company financial status by maintaining a reporting
system that ensured an accurate inventory valuation and cost structure.
Automated many tasks using Excel and AS/400 programming.
. Collaborated with Controller to develop quarterly, monthly, and annual
financial planning.
. Maintained $8M+ inventory with more than 99% accuracy.
. Completed integration of a major acquisition, including transition and
accurate accounting of a $4M inventory. Established proper standards
for U.S. Government Cost Accounting Standards (CAS).
Education / License / Professional Affiliation
Additional coursework completed towards Masters in IT
Master of Business Administration (MBA)
University of North Carolina, Greensboro
Bachelor of Arts in Accounting (BAA)
Additional coursework completed in Computer Science / Computer Engineering
North Carolina State University, Raleigh
Certified Public Accountant, North Carolina (#23011)
American Institute of Certified Public Accountants