Management Vice President
Resume:
GLENN W. HINES, CMA, MBA
Home: 602-***-****
Paradise Valley, AZ 85253
***********@****.*** Cell:
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SUMMARY
Senior Financial Executive with over 25 years experience with
domestic/international management in growing, global multi-site
manufacturing companies. A goal oriented, innovative business strategist
with excellent communication skills, providing leadership and change
management to all levels of the organization. Results-driven leader with
significant accomplishments in strategic planning, maximizing shareholder
value, cash/investment/risk management/modeling, fund raising, FX/JV
issues, mergers/acquisitions/integrations, divestitures, and process/profit
improvements. Skilled at implementing ERP and management/SEC reporting
systems, BOD/banking/investor/Wall Street relations and financing global
company growth.
KEY ACCOMPLISHMENTS
. Achieved a $42M annual cost savings through cost reductions & the
implementation of 6 Sigma & lean manufacturing.
. Worked with the investment bankers, CEO and executive team on an IPO and
road show raising $280M.
. Improved cash flow by $35M through successful cash management and cost
controls/reductions.
. Partnered with the CEO on growing a company's revenue from $210M to $510M
& earnings from $5M to $65M over a 5-year period.
. Led the due diligence, negotiation, financing and integration of 3
manufacturing companies which increased the parent company's revenue by
50% and net income by 75% over a 4-year period.
. Worked with the CEO and executive team on improving a public company's
stock price by 60% over a 4-year period.
PROFESSIONAL EXPERIENCE
DESA, LLC, KY
2007 to 2009
(A $620M private equity owned global manufacturer of engineered HVAC,
renewable energy and solar devices.)
Vice President and Chief Financial Officer
. Directed the bank/investor relations, treasury, reporting, audit, GAAP,
tax, IT, FP&A, legal, & accounting functions.
. Partnered with the CEO on BOD presentations, developing strategic
plans, successful turnaround & SOX compliance.
. Managed the bank compliance, M&A programs, fund raising, CAS compliance,
FX/JV issues & contract negotiations.
. Led the cash/credit/investment/risk management, FASB/GAAP/IFRS compliance
& established SEC caliber reporting.
. Drove the SAP upgrade, profit improvements, cost reductions, outsourcing
agreements and reduced closing to 3 days.
. Improved global budgeting, forecasting & timely/accurate reporting
systems for plants in Americas, Asia, and Europe.
VARIOUS MANAGEMENT CONSULTING COMPANIES
2005 to 2007
(IPO/SEC/SOX Consulting with a $1B High Tech Mfg Co., $300M Consumer
Products Co. & a $5B Medical Tech Co.)
Management Consultant (See the list of management consulting engagements on
page three of this resume).
SATURN GROUP, INC., MI 1999 to 2005
(A $565M public growing global manufacturer of engineered automotive,
renewable energy and solar devices.)
Executive Vice President and Chief Financial Officer
Managed bank/investor relations, treasury, SEC reporting, audit, GAAP, tax,
IT, legal, credit & accounting functions.
Led a 6-sigma project team focusing on G & A cost reductions that resulted
in a $5M annual savings in the first year.
Partnered with CEO on BOD/Wall Street presentations, developing strategic
plans, profit growth & SOX compliance.
Responsible for the IB analyst conference calls, maximizing profitability,
and built a world-class global finance team.
Directed the BOD/Audit Committee relations, FASB/GAAP/IAS compliance, and
cash/investment/risk management.
Worked with private equity & investment bankers on secondary offering
raising $150M for financing internal growth.
Implemented standard cost & lean manufacturing systems that resulted in a
$37M annual manufacturing cost savings.
Led the successful negotiation, financing & integration of acquisitions of
$115M and $85M multi-plant manufacturers.
Partnered with CEO/BOD on growing the company's Revenue by $250M and
Earnings by $50M over a 5-year period.
Improved global budgeting, forecasting & consolidated reporting systems for
plants in the Americas, Asia, & Europe.
GLENN W. HINES Page Two
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COMPAQ COMPUTER CORPORATION (formerly Digital Equipment Corporation), MA
1995 to 1999
(A $1.2B growing international manufacturing division of a $34B high-tech
public multi-national company.)
Chief Financial Officer - Semiconductor Division
Partnered with CEO on BOD presentations, developing strategic direction,
successful turnaround, & M&A programs.
Led the implementation of a global activity-based cost system, lean
manufacturing, and SAP software for my division.
Directed the IT, bank relations, corporate compliance, GAAP,
budgeting/forecasting, accounting, audit & tax functions.
. Managed the IPO process for a $100M BU, JV/FX issues & SEC reporting for
plants in the Americas, Asia & Europe.
ALLEN ROGERS LTD., NH 1989 - 1995
(A $510M public growing global manufacturer of engineered battery and
renewable energy products.)
Vice President and Chief Financial Officer
Responsible for accounting, treasury, insurance, tax, audit, risk, GAAP,
and IT functions in this growing company.
Worked with the investment bankers & CEO on the road show & IPO raising
$280M for financing company growth.
Partnered with the CEO on growing the company's Revenue by $300M and
Earnings by $60M over a 5-year period.
Designed, implemented, & enforced accounting processes & controls for 15
plants in the Americas, Asia, & Europe.
Led the successful negotiation, financing & integration of acquisitions of
$90M & $60M multi-plant manufacturers.
Managed the CAS compliance, Oracle implementation, analyst conference calls
and built a world-class finance team.
Developed the SEC reporting, global budgeting, forecasting, strategic
planning & analyst/investor relations functions.
Established/maintained debt financing & investment banking relationships
with a group of major commercial banks.
Led the cash/capital budgeting/credit management, contract negotiations,
internal audit & optimized capital structure.
Managed BOD/Audit Committee relations, FX/JV issues, product profitability
reporting & developed costing systems.
WEBSTER VALVE COMPANY, NH - a division of Watts Industries, Inc.
1985 - 1989
(A $1B growing global manufacturer of high tech industrial equipment -
division of a $2.5B public company.)
Vice President of Finance and Operations
Worked with the investment bankers & CFO in organizing & implementing the
IPO, road show and writing S1 docs.
Directed FP&A, accounting, budgeting, forecasting, reporting, GAAP, IT, and
audit functions & profit improvements.
Led the successful negotiation, financing & integration of acquisitions of
$300M & $125M multi-plant manufacturers.
LEWIS & SAUNDERS, INC., NH
1980 - 1985
(An $850M private manufacturer of engineered electronic devices for the
aerospace, defense & energy industries.)
Corporate Controller
Responsible for financial reporting, bank relations & raising capital in
this growing private equity portfolio company.
Directed the A/P, A/R, Payroll, Fixed Assets, government compliance, GAAP,
and cash/debt management functions.
VALLEY NATIONAL BANK, AZ
1974 - 1980
(A $3B public commercial bank.)
Manager of Financial Analysis
Key team member in organizing and implementing the due diligence process
for the IPO, road show & wrote the S1.
Prepared the 10K, 10Q and other SEC & internal management financial
reports, modeling & analyses of operations.
EDUCATION
Certified Management Accountant -- 1995 CPA Candidate -- 2010
MBA in Accounting -- 1989, Southern New Hampshire University
BS in Finance -- 1977, Arizona State University
GLENN W. HINES
Page Three
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MANAGEMENT CONSULTING EXPERIENCE
LABSPHERE CORPORATION, NH - $60M high tech manufacturing division of a $1B
public company 7/07 to 10/07
Management Consultant (Interim CFO position) with Robert Half Management
Resources
. Worked with the President and VP Operations on monthly BOD and
Operational reporting, & financial forecasting.
. Streamlined the closing process, raised $10M for capital equipment,
managed costing/inventory, & SEC/SOX issues.
. Worked with the VP of Sales and Marketing on sales forecasting,
commissions & customer relations & negotiations.
3COM CORPORATION, MA - $1B global manufacturer of high tech computer
networking products 3/07 to 7/07
Management Consultant (SEC and IPO Project) with Titus Corporation
. Worked with the SEC reporting department on the preparation of the 10Q,
MD&A and financial certifications.
. Prepared the required financial statements for this business unit and
developed the S1 documentation for this IPO.
EURO-PRO OPERATING LLC, CANADA - $300M consumer products distribution
company 8/06 to 3/07
Management Consultant (Interim Controller position)
. Worked with the CFO and VP Finance on weekly cash management, reporting,
and financial forecasting.
. Prepared bank covenant reporting and month end/quarter-end financial and
operational analysis and reports.
. Worked with the CFO on treasury and foreign exchange management and
developing future operating models.
SUBURBAN PROPANE, LLP, NJ - $1.6B energy/fuel distribution company
3/06 to 7/06
Management Consultant (SOX and Internal Audit Projects) with JC Jones &
Associates, LLC
. Revised narratives and interviewed process owners for Environmental,
Revenue and Stock Based Compensation.
. Prepared risk control matrices, audit test plans and performed the
internal audit for the above processes.
. Worked with the SEC reporting department on the preparation of the 10K,
annual report & financial certifications.
FISHER SCIENTIFIC INTERNATIONAL, INC., NH - $5B global
medical/pharmaceutical manufacturer 12/05 to 3/06
Management Consultant (SEC and Stock Based Compensation Consulting
Projects) with Kforce
. Worked with the SEC reporting department on the preparation of the 10K,
annual report & financial certifications.
. Partnered with the Director of External Reporting on the Stock Based
Compensation Analysis (SFAS 123R).
. Worked with the Director of External Reporting and the CAO on the MD&A
commentary in the 10K for 2005.
SUBURBAN PROPANE, LLP, NJ - $1.6B energy/fuel distribution company
4/05 to 11/05
Management Consultant (SOX Consulting Project) with JC Jones & Associates,
LLC
. Developed narratives and interviewed process owners for Cash Management,
Inventory, A/P, and Revenue.
. Prepared flowcharts, risk control matrices and audit test plans for the
above processes and supervised the testing.
. Worked with the management teams on streamlining internal controls,
yield, efficiency & SAP software upgrade.
L.S. STARRETT CORPORATION, MA - $300M global manufacturer of industrial
equipment 2/05 to 4/05
Management Consultant (SOX and SEC Consulting Projects) with Control
Solutions International
. Developed narratives and interviewed process owners for Intangible
Assets, Inventory, Fixed Assets, & Revenue.
. Prepared audit test plans, performed the internal audit & improved
internal controls for the above processes.
. Worked with the Corporate Controller and the EVP, CFO on the MD&A
commentary in the 10K for 2004.
. Developed narratives and interviewed process owners for Stock Option
Plans, Deferred Comp & Foreign exchange.
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