Supply Chain Management

RICHARD W. ADELMAN, CPA, MBA

***************@*******.***

*** ************ **** *: 847-***-****

Vernon Hills, IL 60061 M: 815-***-****

EXECUTIVE SUMMARY

Accomplished financial executive, Fortune 100 and middle market experience

with strong brand leaders in competitive markets. Extensive experience in

manufacturing, distribution and supply chain operations. Able to partner

with key business leaders to develop focused strategies. Use continuous

improvement and fact-driven analysis to drive results. Recruit, develop and

retain highly effective teams. Excellent communicator. Hands-on, problem

solving business partner, seeking a leadership role in a manufacturing or

services company.

PROFESSIONAL EXPERIENCE

ACTUANT CORPORATION. Butler, Wisconsin 2007 to 2009

$1.2 billion diversified supplier of industrial tools, actuation systems

and engineered solutions.

Director of Finance, Americas Electrical

Directed the financial activities for a $250 million tools & supplies

segment, including a roll-up of four separate businesses: Retail Electrical

Tools & Supplies (Gardner Bender), Power Distribution (Acme Electric),

Harsh Environment Products (Marinco), and, e-commerce.

. Achieved $1.2 million cost savings partnering with manufacturing to

transfer production activities to Juarez, Mexico - yielding 15 point

improvement in margin.

. Sponsored Oracle ERP implementation plan across two business units, which

simplified the back office and transactional accounting functions.

. Delivered $4 million cost savings from sourcing initiatives for small

tools and electrical components, leveraging key supplier/partners in

Asia.

. Co-developed aggressive division restructuring plan to consolidate

distribution, factory & back office activities, eliminating $10 million

of operating expense.

. Partnered with the Operations and Supply Chain leaders to drive

significant reduction in inventory, lower obsolescence and improve

inventory turns.

KNOWLES ELECTRONICS, LLC. Itasca, Illinois 2004 to 2007

$300 million division of Dover Corporation, designs and manufactures

acoustic components.

Finance Director - Global Operations Team

Responsible for financial controls, reporting and analysis to support a

global manufacturing team. Provided financial support to development team

for silicon mic production.

. Coordinated the development of global manufacturing budgets, for five

sites with total controllable spend of $50-$60 million and capital budget

of $20-$30 million (per year).

. Developed strategic capital proposal to support rapid market penetration

for new product. Delivered 80 million units to major markets in 1st full

year of production. Delivered 150 million units in 2006, 2nd full year of

production, a 90% increase.

. Supported the margin improvement and cost reduction initiatives with

timely reporting of factory yield performance and cost reduction gap

analysis for key new product.

. Supported divestiture strategy of venture capital owner, assisting in

$750 million sale of Knowles Electronics to Dover Corporation in 2005.

815-***-**** RICHARD W. ADELMAN Page Two

WOODWARD CONTROLS, INC. Niles, Illinois 2001 to 2004

$60 million division of Woodward, designs and manufactures actuators and

engine controls.

Division Controller and Member of Management Team

Responsible for financial controls, management reporting and balanced

scorecard for business unit. Produced forecasts, annual budgets, and,

strategic plans. Staff of six.

. Supported divestiture strategy, completing sale of profitable division in

2003.

. Integrated three related Woodward businesses into one operating company

in 2004.

. Generated $1 million cash flow benefit, improving AR cycle 25%, to 45

days.

. Supported two ERP conversions, upgrading from a pc-based, legacy system.

DOMINO AMJET, INC., Gurnee, Illinois 1999 to 2001

$65 million division of Domino Printing Sciences plc. Domino designs,

manufactures & sells inkjet and laser coding equipment for commercial print

media and industrial applications.

Division Controller

Responsible for management reporting and internal controls for US operating

unit. Prepared quarterly business outlook and annual business plan. Staff

of ten.

. Streamlined and reduced the close cycle to five days, with improved

analysis of results.

. Generated incremental revenue by converting field trials into billable

orders.

MOTOROLA, INC., Schaumburg, Illinois 1981 to 1999

$30 billion, Fortune 100, provider of wireless communications and broadband

technology.

Operations Controller, Cellular Business Segment

Provided monthly reporting, quarterly forecast and financial oversight in

support of $13 billion Cellular business segment in three progressive

controller assignments. Managed budget cycle. Provided direction to

internal audit team with 30-40 site visits per year.

Operations Controller, Paging Business Segment

Supported $100 million start-up, Telepoint business, with low cost

manufacturing in Asia.

Other Motorola Positions, 2-way Radio Business Segment

Finance Manager; Financial Analysis; Cost Accounting; Corporate Audit

ARTHUR ANDERSEN LLP, Chicago, Illinois 1977 to 1980

Senior Auditor, Consumer Products Division

EDUCATION & PROFESSIONAL DEVELOPMENT

Masters of Business Administration, Finance concentration, DePaul

University

BS, Accounting, Northern Illinois University

Certified Public Accountant (Registered in Illinois)

University of Wisconsin, Madison, Wisconsin

Intensive General Management Course

** A company specific training program for senior management.

Contact this candidate