Resume

Sign in

Chief Financial Officer

Location:
Jackson, Michigan, United States
Salary:
250000
Posted:
May 28, 2018

Contact this candidate

Resume:

CHIEF FINANCIAL OFFICER (CFO) VICE PRESIDENT OF FINANCE

QUALIFICATIONS PROFILE

Goal-driven, performance-focused, and accomplished professional with broad-based management experience in financial operations. Expert at implementing financial strategies; driving operational efficiencies; identifying opportunities to improve profitability and driving positive results to achieve aggressive business goals. Equipped with strong interpersonal and communication skills in establishing partnerships and working collaboratively with diverse individuals and all levels of professionals within the organization. Core competencies including:

Cost Reductions and Productivity Profit and Revenue Growth Forecasting and Budget Administration

Operational Issues Resolution Continuous Process Improvements

Strategic Planning Team Building and Development

PROFESSIONAL EXPERIENCE

Dawn Foods, Jackson, MI

North American Chief Financial Officer (CFO) Apr 2017–Present

Vice President Finance, Bakery Products Feb 2016–Apr 2017

Provide strategic management of $1.5B profit and loss (P&L) for Dawn North America consisting of Bakery Distribution worth $1B and Bakery Products at $500M

Supervise 40 staff with 7 direct reports while actively collaborating with department heads in addressing cost and efficiency through manufacturing and distribution key performance indicators (KPIs) evaluation

Liaison with banks to assess financials, debt covenants, future lending, and merger and acquisition (M&A) activities

Proactively participate in stage gate and commercialization as a key decision maker

Career Highlights:

Served as driving force in implementing “pricing through value proposition” which achieved incremental annual Operating Income of $5M, as well as improved outdated metrics and process by focusing on ROI and productivity

Implemented SAP at eight manufacturing sites and five distribution centers without a lost sale or product shortage

Established centralized banking with global cash pooling, and improved DIO and DPO through rigorous sales and operations planning (S&OP)

Contributed in implementing cost reductions by partnering with Manufacturing Operations Teams, resulting in a 10% return on net assets (RONA) and 150-basis point improvements in gross margin

Steered efforts in executing pricing initiatives and SKU rationalization that minimized changeover and downtime in manufacturing, resulting in margin expansion and efficiency gains

CSM Bakery Solutions, Tucker, GA

Director, Supply Chain Finance Nov 2013–Feb 2016

Served as finance leader in charge of managing the company’s 12 manufacturing facilities in North America, 8 distribution centers, and over $1B procurement spend

Established a team of 5 managers and 21 total associates responsible for product profitability and margin expansion through operational best practices

Career Highlights:

Made significant contribution in driving operating margin improvement of 42% from 2013 to 2015 through hands-on management of team during transition from a public company to a private equity owned company

Played an integral role in generating $200M in savings, with a payback of less than two years, by leading the Network Optimization Team in restructuring the global manufacturing and distribution footprint

Finance lead of enterprise initiative to leverage global spend with key suppliers that resulted in annual savings of $10M in North America and $3M in Europe

Generated $250M in Capital by managing the sale and leaseback transactions for four North American and six European manufacturing facilities

Director, Commercial Finance Jan 2012–Nov 2013

Directly supervised the Commercial Finance Team that supported the Sales, Marketing, and Research and Development (R&D) departments with 5 managers and 14 total associates

Improved margins through structured pricing review process and market based pricing reviews while ensuring new product launches met profitability hurdle rates

Career Highlights:

Created KPIs and S&OP process to implement margin management and process improvements for forecast accuracy, fill rates, and inventory reduction, resulting in a two-day reduction of inventory ($7M)

Increased new products vitality rates from 5% to 18% and EBITDA margins from 3% to 10%

Hewlett Packard – Graphic Solutions, Alpharetta, GA

Senior Finance Manager, Business Planning and Strategy Jan 2011–Jan 2012

Managed financial integration of three business units into one while enabling autonomous flexibility for each business of old structure to serve their channels and markets without interruption

Initiated process improvements that forced accountability to sales and manufacturing operations

Acted as key business unit liaison with HP Financial Services for customer financing, leasing, and trade-ins, while coordinating with outside financial institutions in providing customer financing for entities who did not qualify for financing through HP Financial Services, which successfully minimized lost sales

Career Highlights:

Eliminated two days of inventory in first nine months by managing demand planning with process improvements and structured communication with overseas manufacturing

Modified service level agreements (SLAs), and payment terms to achieve annual savings of nearly $4M

Newell Rubbermaid Corporate (Now Newell Brands), Atlanta, GA

Director, Financial Planning and Analysis May 2009–Aug 2010

Senior Finance Manager Controller – Décor Business Unit, High Point, NC Jan 2007–May 2009

Manager, Financial Planning and Analysis – Décor Business Unit, High Point, NC Jan 2005–Jan 2007

Led the implementation of product rationalization, trade spend management and manufacturing KPIs to optimize gross margin and reduce gross to net costs

Career Highlights:

Drove efforts in attaining the following positive results:

$3.5M benefit to P&L by rendering analysis and recommendation to change SAP capitalization rate

2% effective tax rate reduction by assisting Tax and Treasury departments in assessing projected tax rates through geographic income mix analysis and in hedging foreign currency exposure

3% year-over-year decrease from pricing errors with savings of nearly $1M by directing the Décor business unit’s Pricing and Deduction Management departments thus minimizing resulting customer chargebacks

Led pricing initiative for products with competitive advantage to be priced at the high end of the market while more commoditized products would be priced competitively to drive volume. This resulted in a year over year 150bp gross margin improvement

EARLIER CAREER

VF Corporation, Greensboro, NC

Senior Internal Auditor

Hughes, Pittman & Gupton LLP, Raleigh, NC

Staff / Senior Auditor

NOTABLE PROJECTS

Project Name: Global Network Optimization Project

Role: CSM Supply Chain Finance Date: May 2015–Nov 2015

Overview: To streamline manufacturing and distribution facilities in the United States and Europe as basis for cost savings and efficiency gains

Project Name: Data Center Consolidation Project – Fiserv

Role: Finance Lead Date: Sep 2010–Jan 2011

Overview: Led the integration of 11 data centers down to 5 in the US and Canada, thus generating savings from the project of around $30M annually

EDUCATION

Master of Business Administration: Applied Management – Indiana Wesleyan University, Marion, IN

Bachelor of Arts: Accounting – Thomas More College, Crestview Hills, KY



Contact this candidate