Plant Management
Resume:
GLENN KERMES
Villa Hills, KY 41017
Mobile: 507-***-****
Personal e-mail: *******@*****.***
EXECUTIVE PROFILE
Financial executive with 20+ years of progressive experience working in Fortune 500, private equity and small
companies. In-depth global, multi-site manufacturing and corporate background. Excellent written and verbal
communication skills, strong business acumen and demonstrated track record in process improvement, cost
reduction and revenue enhancement. Expertise in strategic planning, budgeting, lean manufacturing, cost
accounting, M&A, financial reporting, treasury, inventory management and risk management.
PROFESSIONAL EXPERIENCE
LifeSafer. Cincinnati, OH April 2011 - Present
LifeSafer is a $100m PE owned multi brand manufacturer and provider of ignition interlock devices.
Chief Financial Officer
Work with the CEO, PE team, Founders, and executive team to develop and drive high growth strategic
initiatives. Ensure alignment of company and executive team on all corporate and operational objectives.
Responsible for leading the company’s accounting, finance, treasury management, cost management, HR
and I.T.
Accomplishments:
• M&A integration – Merged/acquired ten companies in three years.
• Recruited and developed a high performing finance team.
• Managed organic and acquisitive revenue and EBITDA growth of over 200+% in three years.
• Created monthly financial and operating reporting package and state P&L’s.
• Developed a set of operational and financial metrics used to track company performance.
• Cash and working capital management in a leveraged high growth situation.
Winland Electronics, Inc. Mankato, MN October 2006-January 2011
Winland is a global 40.0m public traded electronics manufacturing company and Engineering service provider.
Executive Vice President & Chief Financial Officer
Work directly with the CEO, Board of Directors, and executive team to develop and drive strategic initiatives.
Ensure alignment of company and executive team on all corporate and operational objectives. Responsible
for leading the company’s accounting, finance, treasury management, cost management, SEC reporting and
I.T.
Accomplishments:
• With the President developed and executed a restructure plan. The results included aligning core
business practices to better serve our customers.
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• Redesigned customer scorecard resulting in improved customer relationships.
• Focused on inventory management resulting in decreasing inventory write off by 17% annually.
• Developed a set of operational and financial metrics used to track company performance.
• Reduced manufacturing cost by $1.7 million or 24% over four years.
• Reduced G&A cost by $1.0 million or 25% over four years.
• Improved cash conversion cycle from 104 days to 72 days in nine months.
• Transitioned to a new auditor resulting in a 55% reduction in audit fees.
• Changed banking partners resulting in a more flexible banking arrangement.
• Key member in developing and preparing the business presentation used to market the company.
• Engineered successful sale of the core business and assets.
Ross’s Manufacturing, Escanaba, MI September 2004-June 2006
Ross is a global $10.0m Private Equity owned Manufacturer of frozen dessert equipment.
Vice President & Chief Financial Officer / Investor
Recruited by the President and H.R. Consultant to restructure and implement process improvement. Work
directly with President on restructuring company, growing revenue and developing strategy. Responsible for
all general accounting, treasury management, cost management, purchasing, production and inventory
control. Drive profitability improvement, working capital management and cost reduction.
Accomplishments:
• Shortened customer lead times from 40 days to 8 days thru process improvement and lean practices.
• Developed financial reporting package which complies with GAAP.
• Developed and implemented financial and operational internal controls.
• Treasury management, including management of Revolver, Sr. Debt, and Mezzanine financing.
• Prepared and presented quarterly Board reviews to Private Equity Group and Board of Directors.
• Prepared offering memorandum and worked with investment bankers on sale of the company.
SPX Corporation, Charlotte, North Carolina January 2004 to September 2004
SPX Corporation is a public global $5.0B company which provides flow technology products, test and measurement
products, thermal equipment and services, and industrial products and services worldwide.
North American Controller, Kendro Division, Asheville, North Carolina
Recruited the by H.R. Manager and CFO to transition Division financial reporting from Connecticut to North
Carolina and implement internal controls. Financial leader for a $600M Division multi-site operation. Financial
responsibilities included managing North American Finance Team, cost accounting. A/R, general ledger, A/P,
tax and Sarbanes-Oxley compliance. Provided financial guidance for operational performance of two
manufacturing sites, three service sites and one engineering development site. Drove profitability
improvement, working capital management and cost reduction. Partner with Marketing on developing pricing
and promotions with existing and new products.
Accomplishments:
• Transitioned Division Financial reporting from Connecticut to North Carolina in 45 days.
• Setup currency Hedging process saving the Division $400k annually.
• Provided financial analysis and guidance on product outsourcing resulting in a 17% cost reduction.
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• Developed and implemented internal controls to fulfill Sarbanes-Oxley requirements.
• Developed margin analysis report showing margin by channel, by product, by customer.
• Developed Operations financial and operational key performance indicators.
Newell Rubbermaid, Atlanta Georgia July 2002 to January 2004
Newell Rubbermaid is a global $6.3B public traded consumer goods company with heavy manufacturing operations.
Worldwide Operations Controller Hand tools Division, Huntersville, North Carolina
Recruited by Group CFO to transition a private company acquisition into a $550M multi-site Division.
Responsible for Operational Finance for four U.S. manufacturing sites, one site in China and all outsourced
products. Work directly with VP of Operations and Director of Sourcing on driving and tracking of productivity
improvement, working capital management, new product costing, plant rationalization, and product
outsourcing to Low Cost Countries.
Accomplishments:
• Lead financial and mfg. system conversion of a $550M private company multi-plant acquisition.
• Developed and lead the transition of an $85M product-line to a new plant in China.
• Drove Productivity improvement 10%+ annually.
• Improved cash position by $11M, by reducing working capital 22%
• Hired and motivated four plant Controllers.
• Developed and implemented the Operations Finance transition plan of four sites into the Division.
• Developed margin analysis on plant rationalization and outsourcing.
• Setup plant financial and operational performance measurement tracking.
PREVIOUS EXPERIENCE
Continental Teves, Asheville, NC: Controller, June 2000 to July 2002
Financial leader for a $250M multi-product line plant. Responsible for reporting operating results to
North America and World Headquarters, Plant Manager, and Product Line Director.
AGCO Willmar Manufacturing, Willmar MN: Controller, October 1998 to June 2000
Financial leader for a $100M plant. Responsible for the Annual Operating Plan, twelve month rolling forecast,
and increasing plant profitability. Supervise the month-end closing process and physical inventory. In
addition, manage and supervise a Finance staff of five and MIS staff of two.
Rockwell Automation, Asheville, NC: Controller, June 1996 to October 1998
Financial leader for a $35M plant and was hired as the Accounting Manager and promoted to Controller.
Responsible for the management of the plant accounting functions including: Cost and Inventory accounting,
Payroll/Timekeeping, Accounts Payable, Financial Reporting, Annual Operating Plans and Budgets, Routine
and Adhoc Financial Reports for Management.
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Champion International Corp., Stamford, CT: Various positions, August 1992 to June 1996
Worked directly with the VP Controller of Printing and Writing Papers Division, in Champions corporate office.
Consolidated monthly financial results for four paper mills and responsible for analysis of overall financial
results and mill profitability.
Education/Skills
• Master of Business Administration, 1994 Clemson University.
• Bachelor of Science in Business, Accounting, 1992 University of Minnesota
• Certified Management Accountant (CMA), 1994. Passed first sitting
• Certified Public Accountant (CPA), Minnesota 1992. Passed first sitting
• Experience using and implementing ERP Systems, networks, and mainframe applications.
• Extensive computer experience. Currently MS Windows 7 and MS Office Suite.
• SAP, Hyperion, BaaN, Sage, Fourth Shift, Red Wing
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