Frederick W. Ellison

**** ***** *****, *********, ** 37209 e-mail: abng83@r.postjobfree.com Cell: 712-***-****

SUMMARY

Strategic Finance Professional with Director of Finance, Group/Division Controller, Plant Controller and

Mergers & Acquisitions experience. 20 years of Management in the Fastener, Personal Computer, Electronic

Manufacturing Services, and Telecommunications industries. International multi-site background. Strong

leadership skills coupled with multiple ERP Systems background. Managed annual revenues up to $2B.

EXPERIENCE

January 2009 – July 2009

Acument Global Technologies

Fastener Manufacturing Company

Positions Held

Plant Controller; Decorah, IA

Position Responsibilities

Manage all P&L, Balance Sheet, and Cost Accounting activities for the Commercial, Industrial, Electronics, and

Automotive market segments. Responsible for developing and implementing short and long range forecasts

related to the P&L and Balance Sheet including Cash Flow analysis. Direct Standard Cost maintenance and

revisions via QAD ERP. Develop and report on Key Business Indicators and Causal Analysis: Sales, Gross

Profit/Margins, EBITDAR, Cash Flow, DSO, DPO, DIOH, Capital Spending Requirements, and Headcount.

Accomplishments

Completed 2009 Annual Operating Revision (bottoms up detail) for the P&L and Balance Sheet including

Capital Spending requirements via Acument Corporate (Troy, MI) and the GEC BU (Singapore).

Developed and implemented Key Causal and Business Performance Trend analysis that aided in

generating favorable cash flow for Q109.

Improved EBITDAR performance year over year by 12% despite a 30% downturn in the overall business

due to the economic downturn.

Developed analysis that improved Direct Labor spending and overall efficiency by an average of 15% in

Q109 and Q209.

Crafted a Controller assessment letter that outlined staff duties for the General Accounting, Cost

Accounting, Accounts Payable, and Accounts Receivable functions and addressed additional resources

required to be successful going forward in 2009.

Successfully updated the Standard Costs for Material, Labor, and Overhead in July of 2009. Impact on

Inventory was 12% because Standards had not been revised in 18 months and Labor and OH Rates had

not been updated in several years.

July 2006 – March 2008

Gateway, Inc (Acer, Inc)

Personal Computer Manufacturing Company. Acer acquired Gateway in October of 2007.

Positions Held

Director of Finance, Inventory Accounting; North Sioux City, SD

Position Responsibilities

Direct all New and Used Inventory and Cost Accounting activities for the Retail, International, Professional, and

Direct Consumer market segments. Manage Inventory reporting at the ODM (Original Design

Manufacturers), Internal, and External Distribution Centers, and 3rd Party Service Centers. Approximate

Inventory levels month to month ranged from $100M to $200M based on $4B in annual revenues. Supervise

and provide analytical support for Inventory Reserves based on LCM (Lower Cost or Market) methodology.

Direct Standard Cost activities in support of the Professional and Direct products maintained in JD Edwards

ERP coupled with supporting the Weighted-Moving-Average Cost maintained in the Oracle ERP for the

Retail and International products. Responsible for Sarbanes-Oxley compliance and 10Q/10K reporting.

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Accomplishments

Completed Inventory migration from the SAP ERP System to the Oracle ERP System in December 2006

for the Retail and International market segments.

Reduced Quarterly PI’s historically performed to reduce travel expense and improve operational efficiency

by implementing Cycle Count Results reporting by 3rd Party Management facilities where feasible.

Developed P&L and Balance Sheet Forecasts reflecting Inventory Devaluation Expense and LCM

Revaluation on a quarterly basis.

Promoted two Senior Financial Analysts to Finance Inventory Managers responsible for managing New

and Used Inventory and supervising Quarterly Physical Inventory Audits.

Crafted the Inventory Carve-out and developed the Pro Forma Financials for the Gateway Professional

Market Business Unit that was sold to MPC, Inc. in October of 2007.

Successfully transitioned three Gateway Inventory Finance Operations staff to MPC, Inc. in October 2007.

Implemented and completed new Inventory Reserve requirements for Parts and FGI based on the Acer

Methodology versus Lower Cost or Market pricing in December 2007.

Completed transition of Gateway Retail and International Inventory to Acer Inc. in March of 2008.

October 2003 – July 2006

Sanmina-SCI, Inc.

Electronic Manufacturing Services Company.

Positions Held

Assistant Division Controller, Computer and Storage Division; Plant Controller; Rapid City, SD

Position Responsibilities

Managed all P&L and Balance Sheet reporting and Cost Accounting activities for the Rapid City, SD and

Fountain, CO Manufacturing Plants and Repair Centers. Reviewed all RFQ’s/RFP’s for new business.

Accomplishments

Successfully managed the Annual Budget and Monthly Forecasts.

Developed breakeven analysis that assisted in rightsizing respective cost areas to achieve bottom line

Strategic and Financial objectives.

Implemented daily and weekly Forecasted Sales and Order Backlog reporting, which improved overall

manufacturing performance.

Crafted quarterly executive business review package that highlights major performance indicators such as:

Sales, Gross Margins, Major Spending Variances, Inventory Turns, and Return on Invested Capital.

Improved management of Gross Inventory and Excess Reserves through reporting of Inventory Turns by

Customer on a monthly basis.

Successfully implemented Sox Compliance.

Upgraded financial results reporting from Oracle 1103 to Oracle 11i.

January 2002 – October 2003

Ellison Consulting

Self employed as a Business Consultant in the RTP, North Carolina area.

July 1998 – December 2001

C-MAC Industries (Solectron, Inc)

Electronic Manufacturing Services Company. Solectron acquired C-MAC in Nov. 2001. Currently Flextronics.

Positions Held

Director of Finance, EMS Division; Controller, Network Systems; Plant Controller, Network Systems.

Position Responsibilities

Direct and manage all decentralized P&L and Balance Sheet financials for the EMS Division in support of $2B

in Annual Revenues and $400M in Monthly Average Gross Inventory. Location of Plant Operations:

United States, Canada, Ireland, England, and Mexico. Responsible for all Standard Cost Accounting activities

and served as the Prime Interface with Internal and External Auditors (KPMG).

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Accomplishments

Improved top and bottom line financial results via due diligence on 8 business enterprises of which 6 were

acquired. M&A activities included development of Pro-forma financials and review of assets and liabilities.

Established full P&L and Balance Sheet accounting infrastructure at 4 green-field sites acquired from 1998

to 2000.

Successfully managed Operations Finance growth from 2 to 13 Manufacturing, Distribution, and Product

Design sites over 3 years.

Developed monthly Executive level Controller Commentary and Results package highlighting key financial

results and metrics.

Directed an Operations Finance Team of 12-13 Plant Controllers and a total Finance staff of 70 - 75.

March 1980 – June 1998

Nortel Networks, Northern Telecom

Hi-Tech leader in the Telecommunications industry. Operations located in RTP and Creedmoor, NC.

Positions Held

Manager, Marketing Operations & Business Planning N.A. (North America) Technical Education; Finance

Operations Controller, N.A. Technical Education; Sr. Financial Analyst, Financial Analyst, and Cost Accountant

in DMS (Digital Multiplex Switching) Plant Operations.

Accomplishments

Represented Nortel as key liaison to C-MAC on the outsourcing of its Creedmoor Manufacturing and RTP

Design operations.

Served as Senior Business Advisor to Nortel’s RTP Supply Chain Management, Distribution Center, and

Creedmoor Mechanical Assembly operations.

Developed monthly results metrics package providing key business indicators and drivers.

Improved reporting and analysis of PPV, Freight, and Duty with results and forecasts that highlighted

trends and key contributors.

Successfully implemented forecasting and results metrics that provided senior North America Technical

Education management with effective tools to run a $30 million business with 30 thousand students yearly.

Improved bottom line margins via effective pricing and packaging of product offerings. Reviewed all RFQ’s

and RFP’s for new business.

Developed and implemented alternative work schedule for Course Instructors and Developers creating

annualized cost savings of $200K.

Increased operating efficiencies for delivery/development staff via marketing analys is of existing programs

and new products.

Directed successfully all financials regarding annual plans, revenue recognition, departmental expense

controls, collections, and asset management as Controller.

Provided Return on Investment analysis associated with New Training Facility as well as additional

expansion.

Successfully negotiated customers’ contracts that increased North America Technical Education business

10 fold over a 10 year period.

EDUCATION

BA in Business Administration with Major in Accounting - December 1979.

North Carolina Wesleyan College

SKILLS

Advanced in MS Word, Excel and PowerPoint. Strong working knowledge of MXP (MRPII), JD Edwards,

Oracle, and QAD ERP Systems. Experience with Hyperion Enterprise Results and Forecast applications.

Management experience with P&L and Balance Sheet, Strategic Plans, Standard Cost Accounting, Capital

Appropriations, Cash Flow, GL Reporting, AP, AR, and Payroll. Strong working knowledge of US GAAP and

Sarbanes-Oxley. Prime interface with Internal and External Auditors.

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