Senior Financial and Operations Executive
Resume:
Neil David Novak
Naples, FL 34119
****.*.*****@*****.***
Leader with Knowledge, Experience and
Integrity
Executive / Senior Level Management
An accomplished, results-driven, Senior Finance and Operations Executive
with extensive years of business experience in increasing revenues and
productivity, as well as achieving significant cost reductions. Have solid
expertise serving in multifaceted business roles encompassing operational,
financial, marketing and business development in both corporate and field
capacities.
Transformational and Strategic Change Leader- Versatile leader able to
build cohesive cross functional teams and turn around struggling operations
while overseeing large groups and achieving multimillion dollar operational
results. Recently led turnaround of manufacturing division with historical
losses ($5-6 Million) back to profitability ($5-6 Million), resulting in
sale of this non-strategic corporate asset for $21 Million.
Vendor Selection and Contract Management- Experience in vendor management,
contract negotiations and strategic financial analysis to increase
efficiencies and reduce costs generating multimillion dollar annual
savings, while maintaining solid rapport with business partners.
Process Improvements- Collaborated with operations and corporate personnel
in implementing new processes, procedures and systems to strengthen
operations, increase productivity, reduce cost and enhance revenue
generating multimillion dollar annual benefits.
Mergers and Acquisitions- Performed financial diligence, economic
justifications, contract negotiations and accounting/computer system
integration for acquisitions ranging from $4 Million to $3.4 Billon.
Areas of
Expertise
Company Turnarounds Process Improvement Supply Chain Mgt.
Operations/Project Mgt. Budgeting and Forecasting Financial Analysis
Mergers and Acquisitions Profit Maximization Financial
Strategic Cost Control/Reduction Accounting
Planning/Analysis Asset Management Team Building
Contract Negotiation Coal/Energy
Professional
Experience
ARCH COAL INC. St. Louis, Mo.
1980-2014 President and General
Manager of ADDCAR: Ashland, KY. (2012-2014)
Leader of Safety, Environmental and Financial performance of company that
manufactures highwall mining systems and provides contract mining services
to third parties.
. Resurrected company back to profitability and positive cash flow ($5-6
Million) from historical annual losses ($5-6 Million) and
reinvigorating shareholder value. This provided path for Corporate to
sell this non-strategic asset for $21 Million.
VP of Operations Service Department: St. Louis, Mo. (2004-2012)
Directed materials management and supply chain, technical services group
and process improvement activities.
. Negotiated national and regional vendor agreements in excess of $500
Million resulting in annual average savings of $15-20 Million.
. Implemented reliability centered maintenance program throughout entire
organization generating annual savings of $10-15 Million.
. Collaborated with Corporate IT on major upgrade of equipment asset
management system.
. Worked with operations on process improvements leading to $10-20
Million per year of annual increased profits. Worked with Corporate IT
in seamlessly integrating computer systems of acquired ICG Operations
($3.4 Billion), obtaining $15 Million in purchasing synergies.
Neil David Novak
Page 2
Professional Experience (Continued)
Director of Planning and Forecasting: St. Louis, Mo. (2002-2004)
Managed corporate budgeting, forecasting, financial analysis and internal
reporting requirements.
. Developed an integrated enterprise planning model incorporating a
rolling forecast and budget process.
. Collaborated with operations on the analysis of numerous scenarios to
optimize profitability and cash flow.
. Reviewed and approved all AFEs for major capital and development
expenditures.
. Served as primary negotiator during $4.2 Million acquisition of Falcon
Land Company.
Director of Economic Planning: St. Louis, Mo. (1998-2002)
Provided financial analysis support for all of Arch Coal operations.
. Approved and reviewed all AFEs for major capital and development
expenditures.
. Managed the accounting integration of $1.2 Billion acquisition of
western ARCO properties, relocating accounting functions from Denver
to St. Louis and completing purchase price accounting requirements.
VP of Finance and Administration: St. Louis, Mo. and Charleston W.V
(1993-1998)
Directed all accounting, budgeting and forecasting activities, along with
capital appropriation justification and review for major subsidiary with
operations in Wyoming, West Virginia, Virginia and Kentucky (Revenue: $300
Million; Assets: $200 Million).
. Worked in conjunction with Engineering on justification and
development of three new mine complexes (Revenue: $150 Million;
Assets: $140 Million)
. Played a key role on the ARCO acquisition team relative to diligence
and economic analysis.
Asst. VP of Business Development: St. Louis, Mo. (1991-1993)
Responsible for financial analysis and economic justifications pertaining
to acquisitions and internal reserve assessments; direction of due
diligence efforts; negotiations of purchase agreements; and Board write-
ups.
. Served as lead negotiator on successful $80 Million acquisition of
Valley Camp Coal Company.
VP President of Transportation: St. Louis, Mo. (1990-1991)
Managed all coal transportation activities, in addition to management of
coal terminal in West Virginia.
. Managed leased railcar fleet of 1,342 cars and negotiated railroad
rebates generating annual profits in excess of $1 Million.
. Record profit and tonnage at Big Sandy Coal Terminal during my
oversight.
Additional Experience
Director of Planning and Administration
Assistant Corporate Controller
Division Controller
Manager of Eastern Division Accounting
Manager of Internal Audit
Internal Auditor
Certifications
Certified Public Accountant (CPA)
Education
Bachelor of Science in Accounting
University of Missouri
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