Accounting Financial

JOHN A. HUDY

**** ****** ****** **, ***** Rapids MI, 49503 484-***-**** *********@*****.***

VP Finance Segment CFO Transformational Leader

Accomplished financial executive with extensive global experience delivering financial leadership, business transformation expertise, and compliance integrity across the enterprise. Made significant contributions to top and bottom line growth at diverse technology and industrial enterprises from startups to global public companies in excess of $3B in revenue. Successfully completed 15 acquisitions ($40-$400M) in the past 8 years. Skilled in identifying and executing on opportunities to maximize shareholder value, with specific strengths in:

•Manufacturing / Supply Chain Finance

•Business Model Transformation

•Treasury / Cash Flow Optimization

•Risk Management (Financial & Operational)

•Developing High Performance Global Finance Teams

•Strategic FP&A

•External Reporting (MD&A)

•M&A (Valuation/Diligence/Integration)

•Information Technology Leadership

•Revenue Recognition Assurance

EXECUTIVE PERFORMANCE HIGHLIGHTS

L3 Technologies - Grand Rapids MI, Sarasota FL, Alpharetta GA NASDAQ: LLL April 2018 - present

CFO - Aviation Products Division - Responsible for financial leadership of L3’s $500M Aviation Products Division.

Drove financial and operational process efficiencies (SIOP / investment analysis / mfg. outsourcing) as well as organic growth initiatives (repair and maintenance / ecommerce) across the Aviation Products Division.

Successfully transitioned manufacturing operations and G&A support functions from Sarasota Fl. to Grand Rapids MI. to realize $8M in annualized cost savings.

Improved internal controls, successfully passing 2 internal audits with no significant deficiencies or weaknesses.

Implemented a Division wide standardized financial reporting package inclusive of Income Statement, Balance Sheet and Cash flows as well as KPI’s and associated analytics.

Integrated 2 ERP systems (Visual & Impressa) in to one SAP instance.

Warbird Consulting Group - Atlanta GA - Formerly a unit of Huron NASDAQ: HURN 2016 - 2018

CFO Advisor

As a CFO advisor, provided customized accounting and finance consulting services, primarily to publicly traded enterprise. Service specialties are focused in the tech hardware/software space and include accounting, FP&A, compliance, M&A, and re-structuring engagements. Independent consultant 2014 - 2015

JDSU Corp, Germantown MD / Milpitas CA NASDAQ:VIAV 2009 - 2014

Network Hardware/Software/Solutions Provider

VP Finance and Segment CFO - Led global team of 75 professionals with 8 direct reports. Responsible for all aspects of finance and accounting, cash management, compliance, and M&A for a $900M global business segment (Communications Test). Reported directly to the Segment President and Corporate CFO.

•Partnered with the segment President to transform a device business into a diversified solutions provider.

•Achieved business model financials communicated to the street on the time line provided.

•Improved gross margins by 7 points to 64%, driven by product cost reduction, focused investment in software platforms, and increased emphasis on new product innovation.

•Streamlined the monthly financial forecast and AOP processes, providing more relevant analysis and increasing financial forecast accuracy. Quarterly revenue forecast accuracy improved to +/- 3%, gross margin to +/- 1 pt.

•Upgraded 75% of the inherited global finance team, directly leading to elevated internal customer satisfaction.

•Created zero based budget and ROI models for R&D investments.

•Developed selling cost by channel and region as well as enhancing /simplifying the commission’s structure.

•Led the finance, operations, and IT functions through deal review, diligence, and integration of five strategic acquisitions, all accretive in 1 year or less.

•Directed the global implementation of an Oracle 11i ERP system, replacing 5 disparate legacy systems.

•Partnered with Operations to implement outsourced manufacturing and repair (to China), where cost, quality and delivery metrics would benefit most significantly. Concurrent with outsourcing transitioned the segment from full absorption costing to period expensing mfg. overhead.

•Developed a cross-functional revenue recognition deal desk, where complex multi- arrangement solutions deals were reviewed for proper accounting and forecast accuracy.

•Provided “apples to apples” analysis of competitors’ financial and operational performance as a benchmark indicator of key market trends and performance.

•Improved segment cash from operations with a focus on DSO (5 day improvement), AR aging (90% current) and improved collections driven by improved invoice integrity.

Broadcom Limited - Allentown, PA / Milpitas, CA (Formerly Avago / LSI) 2006 - 2009

Publicly traded Semiconductor Company. (NASDAQ: AVGO)

Vice President Finance - Storage Segment and Global Operations

Led team of 20 professionals with 5 direct reports in World Wide Operations Finance and Storage Segment with nearly $2B in revenue. Responsible for full P&L, Balance Sheet, FP&A, M&A, SOX compliance and External SEC Reporting for the Group, as well as Manufacturing Operations Finance at the corporate level.

•Led financial initiatives on design win profitability analysis, M&A, gross margin improvement, and op ex reduction. Strengthened the compliance environment within the business unit and global manufacturing operations.

•Partnered with business unit and global operations management to drive post-merger (with Agere / LSI) integration synergies, resulting in over $60M of product cost and op ex reduction.

•Developed the financial analysis and partnered with supply chain to execute fab-less operations structure, securing a variable cost model, and reducing manufacturing cap ex by 100%. Improved gross margin by 3 points to 50%.

•Led the international acquisition of Infineon’s hard disk drive business, accretive in year one, as well as executing the sale of Agere’s Mobility IC business, in line with corporate strategy.

•Improved group operating cash flow from operations 20%, by managing inventory levels, and improving DSO from 50 to 44 days through focused collection efforts, customer relationship building, and EDI billing.

•Improved inventory turns from 6 to 9, through focused SKU rationalization, and forecast accuracy improvement.

•Increased investor and external analyst communication effectiveness by providing enhanced transparency.

•Improved group operating income 5 pts. to 15%, meeting all externally communicated business model targets.

•Achieved significant revenue, margin, op ex, and cash flow from operations forecast accuracy improvement, 3%) to plan of record, enabling narrower guidance range with confidence.

•Led the operations finance Oracle to SAP conversion effectively producing a common platform for manufacturing product cost accounting and analysis

Additional experience

QUANTUM CORP., Colorado Springs, CO. /Milpitas, CA

$1B (NYSE: QTM) storage hardware and software company

Segment CFO, Corporate Vice President FP&A, and CIO

Directed all financial and information technology activity for a $900M business group, including FP&A, Accounting/Compliance, M&A, and IT leading a worldwide team of 50 professionals with 6 direct reports

ARRIS CORP. (Formerly Motorola/ General Instrument) Hatboro, Pa. (NASDAQ: ARRS)

Senior Director - World Wide Manufacturing Finance (Mfg. Controller for 7 international plants).

PRICE WATERHOUSE, Washington, D.C.

Manager - Aerospace and Defense / Federal Government finance and accounting engagements

EDUCATION

B.S. Finance, St. John Fisher College, Rochester, N.Y.

Graduate Studies, Syracuse University, Syracuse, NY

CERTIFICATIONS

•CPIM (Certified in Production and Inventory Management) APICS

•Current CMA candidate

•Leadership and High Performance Teams (Center for Creative Leadership)

•Executive Presentation Coaching - Bronwyn Communications

SOFTWARE/SYSTEMS

ERP experience – Oracle, PeopleSoft, SAP, Net Suite, CA, Visual, Hyperion, Salesforce.com - including multiple successful upgrades, conversions and implementations from selection, planning, and testing to go live.

AFFILIATIONS

•Member, Institute of Management Accountants (IMA)

•Member, American Production and Inventory Control Society (APICS)

•Member, Financial Executives International (FEI)

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