RICHARD C. SPOTTS, J.D.
********@***.***
***** *. **** ******, **** 1007
Scottsdale, AZ 85260 Tel.: 773-***-****
Re: Chief Operating Officer, CO
I have read through the position specification very carefully and believe
there is a very good fit. My company, publicly traded FTR/MelbourneIT, has
gone through a major strategic review of its businesses in this past year.
In fact, I facilitated the sale of the FTR business unit I operated as
President/COO. That transaction has closed and I have also completed the
integration work with the new parent and sister companies. I believe the
timing is appropriate for me to consider extraordinary opportunities
elsewhere. My preference is to base out of Denver Colorado. Relocation
costs would be minimal and I am readily available. Thus, please find my
updated and confidential resume attached for your review and consideration.
In summary:
Desired level and scope of responsibilities:
. COO, President, or EVP.
. From venture/equity backed start-up to $400M; public and private.
Primary segment expertise:
o Business services, operations, legal, HR, finance, corporate
development
Competencies:
CEO/President/COO Multi-Business Unit P&L/GM Dynamic
Leader/Communicator
EVP Global Sales/Marketing Building High Performance Joint Ventures/M&A
Teams
Private equity / VC ROI New Market/Product Historic brand
Development resurgence
Global P&L & Strategy Turnaround/Change Relationship Management
Management
Select accomplishments:
. As Division President & Corporate Executive Vice President/GM,
restructured FTR sales and R&D organizations; FTR realized 46%
increase in revenues and EBIT of 18%, bringing marked increase in
shareholder value.
. Successfully led, negotiated and executed FTR joint venture
relationship, leading to an extension of the already-leading position
in the market; personally accelerated acquisition deal leading to $7M
in shareholder value.
. As SVP and Co-COO for Altec Lansing, grew flat business from $110M to
over $140M in year 2000, and EBIT from 1% to over 12%; resulted in
$166M private sale to Plantronics - 16xEBIT transaction for Private
Equity owner.
. Accelerated ISO certification, launched two new products and
redesigned selling organization, increasing Avery Dennison revenue and
profit by over 20% and 10%, respectively. Division was "Business Unit
of the Year for 2005."
. Increased Decatur Electronics valuation 313% as SVP/GM by growing
revenue from $13.8M to $21.8M, and EBIT from $.8M to $2.5M within 12
months to position company for sale. Accelerated redesign of sales and
marketing improving alignment with markets, shrinking sales cycles,
and launch of new $2.6M product category.
I look forward to speaking with you about how I might assist in
accelerating the growth of this client.
Kindest regards,
Richard C. Spotts, J.D.
Mobile: 773-***-****
Email: ********@***.***
SUMMARY
Accomplished business executive, COO & Division President with an
outstanding record of success in transforming global (public and private
equity owned) diversified businesses through brand resurgence and growth
periods, culture change, and M&A. Broad/deep cross-functional executive
leadership. Recognized for ability to drive overall strategic
planning/direction, product/business development, operational excellence
and highest customer service levels significantly improving profitability,
performance and organizational effectiveness. Builds strong win-win
relationships with key stakeholders including executive team, board of
directors, private equity investors, shareholders, clients and staff.
WORK HISTORY
FTR/MELBOURNEIT, Phoenix, AZ 2010 ( March 2014
FTR/MelbourneIT is a $200M public corporation and leader in providing
Internet, brand management, and data capture services to government and
business accounts.
Division CEO and President & Corporate Executive Vice President/GM
Reporting to the parent company CEO, managed P&L and lead supply chain,
quality, sales, operations, finance, M&A and global marketing, product
development, services, quality, Asia sourcing and manufacturing. Direct
global team of 300+ associates. FTR is the leading provider of digital
technologies used by courts and law enforcement.
. Personally closed largest customer deals leading to acceleration of
purchase orders worth 40% of annual revenues in 2012.
. Struck joint venture agreement ultimately leading to long sought after
acquisition of the FTR business, adding shareholder value.
RCS PARTNERS, Chicago, IL and Denver, CO 2008 (
2009 and 2003 ( 2004
As President, engaged in executive-level operational, change management,
thought leadership and strategic planning consulting assignments, in each
case reporting to the CEO, Board, President or EVP.
. Atlanta - $100M+ provider of warranty and technical services in consumer
products and electronics. Redesigned commercial marketing organization
and business processes. Gained major wins with Target, Office Depot,
Sears, adding revenues of 30%.
. Florida - $12B electronics manufacturer of communications electronics,
GPS, and consumer electronics. Designed new business model to compete
with Asian manufacturing influence.
. Chicago - $300M consumer/technology electronics manufacturer including a
digital camera business, a golf equipment company, a CE video graphics
business and an auto parts aftermarket business. Architected turnaround
plan for each business unit, leading to 18% higher revenues.
Reinvigorated the brands and product lines.
AVERY DENNISON, Niles, IL 2005 ( 2007
Avery Dennison, Graphics and Reflective Products Divisions. Leading $6B
public corporation and manufacturer of films and technologies for use in
law enforcement, transportation, public safety, and consumer electronics.
Worldwide Business Director
Reporting to the Group President, managed $250M P&L; operated three
divisions, pricing, worldwide sales, M&A, product and technology
development, supply chain, business process improvement, and R&D. Led
global team of over 300 associates.
. Executive team member of Avery reorganization task force combining 13
business units.
. As lead deal maker, divested poor-performing business unit, increasing
profitability by over 6%.
. Managed ISO certification and LEAN processes in all worldwide facilities
and manufacturing sites..
DECATUR ELECTRONICS, Decatur, IL 2002
A private equity-owned manufacturer of highly engineered radar, GPS,
sensors, test & measurement, and off road pursuit vehicles for use in golf,
racing, law enforcement, military, sporting goods, consumer and
recreational products.
Senior Vice President, GM
Reporting to the CEO, led worldwide organization of 150+ associates;
managed P&L, and sales, marketing, product development, manufacturing,
quality, strategic planning and finance. Directed leadership team including
five VP/GM and two Director levels.
. Designed solution to integrate multiple digital content sources into a
singular evidentiary file.
. In 2002, increases revenues from $13.8M to over $22M; EBIT from $800K to
over $2.2M
ALTEC LANSING, Milford, PA 1999 ( 2001
Worldwide leading family and private equity owned consumer electronic,
digital audio and technology provider to the audio segment for major
retailers, distributors and other technology applications. 80 year old
brand - 1000+ employees worldwide.
Senior Vice President & CO-Chief Operating Officer
Reporting to the CEO, operating executive overseeing all sales, product
development, finance, ISO and LEAN manufacturing, R&D, and HR. Led global
staff of four VPs, two Directors, 200+ associates overall. Managed
relationships with owners and Board.
. Systematically created licensing joint venture with ST Microelectronics,
leading to their acquisition of Altec Labs ($18M), alleviating debt
incurred from acquisition of Altec Lansing trademark ($17.9M); maximized
$166M company sale to Plantronics.
. Drove strategic company operational/product changes, maximizing
shareholder investment with $166M buyout of Altec Lansing.
. Designed and executed on strategy to move select Altec Lansing production
lines from Asia to Mexico, leading to an increase in gross margin from
31% to 36%, a reduction in RMA by 9%, and an overall reduction in lead
and deliver time of 20% to largest customers, Dell and Best Buy, leading
to "Vendor of the Year" Awards from both.
. Renegotiated Dell agreement, leading to addition of $6M in EBIT and
significant increase in customer satisfaction.
U.S. ROBOTICS/3COM, Skokie, IL 1996 ( 1998
$6B manufacturer of communications technologies, wireless handheld devices,
and wireless devices.
Director of Finance (Contracts, Alliances and Pricing)
Reporting to the VP of Finance with a dotted line to the Division President
and Corporate General Counsel, managed all transactions from negotiation to
implementation: sales, OEM, R&D, M&A, MARCOM, distribution, and alliances.
.
. Accelerated negotiation of major deal leading to Wall Street announcement
of execution of 3-year $150M agreement with immediate purchase order of
$49.5M in hardware, software and services. Led to PR release and 14% rise
in share price of $22.
. Immediately integrated new processes (ISO), systems, people resources and
negotiation policies in US Robotics deal making processes, thereby
shrinking sales cycle times by 50%, accelerating launch of critical
products and cutting supply chain costs; increased revenues $180M and
boost to EBIT by 8% within a 6-month window.
RCS Partners, Lake Forest, IL,
1991 (1996
Led technology and IP licensing firm serving clients across the U.S.,
Western Europe, and Asia, with expertise in technology licensing, deal
structure, software, distribution agreements, and sporting goods
distribution, copyright and trade name protection.
EDUCATION
J.D. from Drake University School of Law, Des Moines, IA,
Business Transactions, Corp Governance, Copyright, Digital Media
B.S from Northern Illinois University, DeKalb, IL