CEO

J O H N B. WALKER

* ******** **. ***** * N-SABOT, VA 23103

804-***-**** *****************@*****.***

Strategic leader of mid-size manufacturing companies with a proven ability to create

v alue by tu rning around and profitably growing businesses. Extensive experience with

i nternational market development, sales and manufacturing. Proven record of

successfully negotiating and managing mergers, acquisitions, divestitures, joint ventures

a nd strategic alliances. Experienced at creating value in private equity portfolio

companies.

EXPER IENCE

QubicaAMF Bowling Worldwide 50/50 joint venture formed in 2005 between an I talian owned

technology company, Qubica, and CHS Capital, a U.S. private equity fi rm. Grew to become the

g lobal market leader with revenues of $178M and EBITDA of $18M. Did business in 70+ count ries

per year with a product line including complex electromechanical equipment such as pinspotters,

t he electronic hardware and software products that bowling based entertainment companies use to

manage their business (cash control, general ledger, POS, on-line reservations, frequent bowler

marketing software, etc.) and aftermarket parts and supplies.

P resident & CEO 2005-2014

• Successfully merged two companies into one market leading organization

• Buil t revenues by $18M (11%) in fi rst 2 years of merger

• Increased EBITDA by $6.3M (57%) in first 2 years of merger

• Led team of over 700 employees in 15 count ries

• Buil t share in a declining global market from 2008-2014

• Restructured to reduce operating expenses by over $20M as the market

declined, maintaining positive EBITDA and cash f lows despite a 40% decline

i n the global market

• Reduced Working Capital by $12.7M (32%)

• Negotiated and closed sale of Japanese subsidiary for 17 X EBITDA

• Negotiated sale of QubicaAMF for 14 X EBITDA

• Launched customer needs based product development process which resulted

i n int roduction of most innovative new product in bowling industry in 25 years

AMF Bowling Products, I nc. – T he products division of the world’s largest bowling company.

1998-2005

P resident & COO 2002-2005

• Grew revenues by $24M (20%)

• Grew EBITDA by $7.7M

• Reduced working capital by $11.3M

• Led negotiations to create 50/50 joint venture company (QubicaAMF)

• Sold Billiards subsidiary for 7 X EBITDA

Senior Vice-President Global Sales & Marketing 2000-2002

• Grew revenues and exceeded annual profit plan each year

• Restructured global sales and distribution organization reducing annual

spending by $9M

o Consolidated 4 European distribution operations into one facility

o Identified sales offices in Korea, China and India as negative EBITDA

contributors and t ransitioned to profitable distributor relationships

w ith no share loss

o Returned Japanese subsidiary to profitability by reducing spending by

40%

• Led team of over 150 employees in 15 count ries

Vice President U.S. Sales 1998-2000

• Exceeded annual revenue and margin plans every year

• Restructured organization lowering spending by 35%

Crestar Bank- T rust and Investment Management Group – T he $120M revenue

investment management organization of an $18B regional bank.

E xecutive Vice President Marketing 1989-1998

J ohn B. Walker Page 2 of 2

• Directed the development and implementation of strategic plan which

r esulted in average annual growth in profits of 29%

• After-tax profit margins improved from 7.7% to 24.6%

• Developed High Net Worth Segment strategy which increased Private

Banking annual revenues by $8M (88%) in 3 years

• Developed new products which produced over $3M in incremental annual

p rofits

M u r ray Ohio Manufacturing Company – N ation’s largest manufacturer of lawnmowers and

second largest manufacturer of bicycles.

V ice-President Bicycle Products 1985-1988

• Turned a $5M loss into a $7M profit on $110M in revenues in first year

o Negotiated joint venture in Korea which reduced unit cost by 30%

o Successfully changed product mix to stress higher margin models

Procter & Gamble – Foodservice & Lodging Products Division. Institutional division which

manufactured and marketed products for the away-from-home market (restaurants, hotels, schools,

etc.).

B rand Manager 1981-1985

• Buil t volume by 15% for Division’s second largest and most profitable product

l ine

• Developed 3 year plan for most successful new product in Division history

Honeywell, I nc. – Commercial Sales Division

Sales Representative 1978-1979

• Exceeded annual sales objectives in 7 months, ranking in the top 10% of in the

count ry

EDUCAT ION

BS Commerce, University of Virginia 1978

MBA, University of Virginia Darden School of Business 1981

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