Summary

Respected executive with extensive experience in turnaround management leading global finance, operations and growth strategies. Leader in cost reductions and profit improvement initiatives with organizational, processing and financial restructuring. Hands-on leader and team player, who builds consensus among cross-functional teams in support of a strategy, aligns them towards goal attainment by understanding their roles and valuing their individual knowledge and skills. Strong interpersonal and communication skills.

Cost Reductions / Profit Improvements

Slashed cost basis on component parts 50%; negotiated supplier agreements with Chinese, Portuguese, and Taiwanese.

Reduced inventory write-offs to less than $2K on a $15MM inventory by implementation of controls and procedures

Implemented improvements in cost, general accounting, IT and credit reducing closing days from 7 to 4 days

Implemented cellular manufacturing from batch-flow process. Improved cycle times from 35 to 7 days; WIP from $44K to $12K; scrap loss from 11% to 2%, and cut labor costs from 51 to 39 labor hours per 100 units.

Developed sales organization market pricing initiatives improving revenue 12% in North America

Improved EBIT 92% in N.A. Operations by using Continuous Improvement Teams to implement new metrics and controls.

Grew European EBIT by 243% by consolidations, reductions of overhead functions, and market initiatives

Turnaround Management

Led multi-billion dollar merger to completion for SEC through financial analysis.(Celanese/Hoechst)

Raised $232MM in capital in Leveraged Buy Out partnership.(Fiber Industries Inc.)

Sold an entity to a public company in 18 months for a 32 to 1 payout.(Fiber Inustries/Wellman Inc.)

Led financial operations for 10 plants and spearheaded 2 joint ventures and two acquisitions across 8 countries. (JCI)

Reviewed and analyzed pricing for new products and designs of existing products for ROI.

Integrated N.A. financial team into functional areas of the business and deployed a new N.A.ERP system.(Pergo)

Restructured European financial group and developed the global financial team. (JCI)

Implemented global IT integration to include staffing of European headquarters and launched standardization and integration of ERP system in Europe.(JCI)

Led project management teams on new construction of plants and expansions (JCI)(Fiber Ind) (Celanese) (Pergo)

Professional History

Independent Financial/Operations Consultant, Raleigh, N.C. 2013 to Pres

Reviewed potential investments of manufacturing and distribution companies for private equity and venture capital firms.

Completed operations due diligence of plastic injection moldings company for new LLC structure.

Armacell, LLC Raleigh, N.C. 2010 to 2013

A 475M Euros International global innovator in foam technologies and the world leader in the market for flexible technical (mechanical) insulation materials.

Director of Finance, Americas

Led all financial activities inclusive of the finance teams for North and South America. Guidance and leadership provided for strategic planning, forecasting and budgets, controlling, audit, policy, tax treasury, and insurance. Managed cash and compliance with IFRS & US GAAP standards for all financial information. Provided financial analyses relative to process improvements, profitable sales growth, asset management, and value creation. Supported debt restructuring, due diligence and transition to new ownership.

Independent Financial/Operations Consultant, Raleigh, N.C. 2007 to 2010

Reviewed potential investments of manufacturing and distribution companies for private equity and venture capital firms, including buyouts, acquisitions, restructurings, operational improvements and turnarounds.

PERGO AB, Trelleborg, Sweden 2003 to 2007

A $500MM International flooring company; sold to Pfleiderer on March 1, 2007

VP of Finance and Corporate Controller, CFO of North America

Directed global IT, transformation and rapid process change of the N.A. and European markets and operations. Guided senior financial professionals and controllers throughout N.A., Europe and Asia. Teamed with the CEO and GM of Europe to manage the corporate budget and drive growth, cost efficiencies and execution of strategic business framework to complete turnaround. Increased shareholder return and completed due diligence and sale to Pfleiderer; transitioned company to new owners.

Grew European EBIT by 243%.

Integrated global IT to include staffing of European headquarters and standardization / integration of Europe’s ERP system.

Restructured European financial group and developed the global financial team.

Outsourced treasury functions to support a more efficient cash management and hedging program.

Created a corporate-wide global continuous improvement structure in Europe.

Established performance enhancements, cost reductions, and quality improvements across finance, sales and administrative functions in N.A.

Integrated financial team into all functional areas of business; deployed new N.A. ERP system across functional groups.

Supported sales organization pricing initiatives improving revenue by 12%.

Improved North American EBIT 92% by using Continuous Improvement Teams and implementing new metrics.

APPLIED TECH PRODUCTS, Philadelphia, PA 2001 to 2003

PE firm comprised of various operating companies in plastics, rubber, health and beauty care containers

Vice President of Finance – Operations

Led operational improvements and strengthened internal financial competence of operating divisions for this $200MM group of companies. Reviewed and analyzed pricing for new products and designs of existing products for ROI. Reported to the CEO and CFO.

Assessed capital programs for the entity and individual company basis for rate of return and potential market penetration.

Created financial performance metrics to assess financial condition, operating performance, increase insight, and implement best practices. Developed operational metrics to for company’s manufacturing operations.

Developed a cost reduction and performance initiatives model to drive the turnaround process.

Established working capital metrics and methods to support improvement processes. Implemented a sales financial reporting structure to assess performance and growth initiatives, reported historical data, forecasted customer opportunities and improved overall business intelligence for better decision-making.

Earlier career includes roles as a Consultant (David Olmsted and Co,CPA), CFO (NA Commercial Valves Group), VP of Finance (Baldwin Hardware Division of Masco), Divisional Controller (Johnson Controls) – Metals/Mechanisms; European Foam Division, Division Controller (LBO Partner)Fiber Industries, Senior Group Financial Analyst (Celanese Fibers), Business Analyst (Consultant)

Education & Professional Development

B.S. B.A. - Shippensburg University (Accounting & Computer Science),Shippensburg, Pa.

Management Development Certificate - University of North Carolina,Chapel Hill, NC.

MBA Course Studies – Kenan Flagler Business School – University of North Carolina, Chapel Hill, NC.

Computer Skills

Microsoft Word, Excel, Power Point, Outlook, SAP, Oracle, Hyperion, Custom Designed ERP Systems

Contact this candidate