Steve Thornton...
**** ***** ******* ***** . ******, MS 38651 . 630-***-**** .
acgow4@r.postjobfree.com
SENIOR BUSINESS EXECUTIVE and expert in continuous improvement
methodologies with a history of driving significant profit improvement
through business growth, business rationalization, productivity
improvement, margin increases, cost reduction, and improved execution.
Experience includes turnarounds, plant startup, high volume and low volume
manufacturing across automotive, aerospace, power generation, and
industrial markets. Core capabilities include:
. Build and Lead High Performance Teams
. Global Business Growth
. 80/20 Business Models
Skills and Competencies
. Leadership
. Strategy Development/Execution
. Multi-Site Business Unit Leadership
. Business Turnaround
. Value Proposition/Brand Development
. Value Chain Analysis
. Lean/Six Sigma
. Theory of Constraints
. Problem Solving
. Consultative Sales
. Market Team Management
. TOPGRADING
A Career of Driving Business Transformations
SCHULZ XTRUDED PRODUCTS, Hernando, MS 2014
Startup business with a $100 million potential that is a member of the
Schulz Group of Companies.
Vice President, PIPING PRODUCTS (2014)
Challenge: Startup a cold pilgering pipe plant including construction and
equipment installation; and lead the subsequent joint venture to serve the
OCTG market with seamless cold worked stainless, nickel alloy, and duplex
pipe.
Notable Achievements
. Provided leadership, oversight, and organization to the plant startup
project;
. Improved the culture of the 20 person production workforce.
PLYMOUTH TUBE COMPANY, Warrenville, IL 2001 - 2013
$300M privately held manufacturer of specialty parts for aerospace, energy,
and capital equipment markets.
Vice President, White metals group (2008 - 2013)
Challenge: Turnaround three business units; double the revenue of one
business unit; and improve the performance of all units.
Notable Achievements
. Won three aerospace major multi-year contracts valued at $30M per year
with a bottom line impact of $9M per year. Provided oversight for $15M
capacity expansion to support growth.
. Improved the profitability of a new acquisition by $5M per year in a $25M
business through 80/20 restructuring of customers, products, and cost
structure in a one-year time frame.
. Improved profitability of condenser tubing business unit by $4M per year
by deploying a life cycle based value proposition, developing a high
performance leadership team, and upgrading processes and equipment.
. Increased market penetration in India from $3M to $12M per year by moving
to one agent and through technical support with a bottom line impact of
$2M per year.
. Championed lean initiative resulting in AME award at one unit.
. Upgraded the value proposition of one business unit resulting in a 15%
increase in pricing and a $1.5M bottom line impact each year.
. Built high performance management teams at each business unit.
vice president, sales and marketing (2006 - 2008)
Challenge: Transform a fragmented, traditional, under-performing group of
sales and marketing resources into a high performance team.
Notable Achievements
. Organized and upgraded the organization; implemented consultative sales
processes; and deployed market driven management teams resulting in a
$60M increase of organic growth per year with a bottom line impact of
$12M.
. Established value chain market analysis for major markets as a basis for
brand and value proposition development and end-user marketing campaigns.
. Applied 80/20 principles to account management and customer service
plans.
. Implemented a formal product and customer profitability analysis using
activity based costing or theory of constraints money flow techniques as
appropriate.
general manager, West Monroe, LA (2001 - 2006)
Challenge: Improve performance of business unit focused on producing heat
exchanger tubing with old and unreliable equipment and poorly defined
processes in a market that viewed the product as a commodity.
Notable Achievements
. Upgraded the management team and the engineering staff.
. Implemented a policy deployment management system resulting in an
increase in on-time performance from 92% to 98%; reducing cycle time by
80%; and improving yield by 41% or $800K per year.
. Created and marketed feedwater heater tubing brand resulting in increased
market share; doubling of value add margin; and doubling of revenue with
a bottom line impact of $6M per year.
. Launched lean initiative that later resulted in winning an AME award.
EXATEC LLC, Wixom, MI 1999 - 2000
Joint venture between Bayer AG and General Electric to develop and
commercialize plastic automotive windows.
operations director
Challenge: Transform the business from an applied R & D and marketing
organization into a global manufacturing company. Six months into my role,
the board of directors changed the strategy from manufacturing to licensing
technology.
Notable Achievements
. Enhanced organizational capability with respect to project management and
manufacturing engineering.
. Developed a key performance indicator driven financial model of the
business in order to predict profit, investment, cash generation, and IRR
at different phases of manufacturing capability.
HYDRO ALUMINUM, Lausanne, Switzerland 1990 - 1999
Division of conglomerate, Norsk Hydro
vice president, operations, Adrian, MI (1995 - 1999)
Challenge: Retain $25M per year automotive contract against a formidable
Japanese competitor and improve financial performance.
Notable Achievements
. Won a 4 year $25M per year contract ensuring viability of the business
unit.
. Reduced cost structure by $4.2M per year through automation, lean
initiatives, tripling die life, and other cost reductions.
. Reduced scrap rate from 8% to 4% and customer ppm to less than 3.0
utilizing Six Sigma tools.
. Negotiated a five-year contract with UAW that increased worker
flexibility, redefined the bonus scheme to include product quality, and
reduced overall compensation by 3.5% in the first year.
financial Manager, Puckett, MS (1994 - 1995)
Challenge: Organize and improve performance of administrative team of 21
employees in the areas of accounting, materials management, safety,
environment, and information technology.
Notable Achievements
. Implemented a policy deployment system that yielded purchasing cost
reductions of $230K per year; reduced medical costs by over $100K through
conversion to an EPO; and reduced raw material inventory from 15 days to
3 days.
. Upgraded 30% of the administrative team.
production area Manager, Puckett, MS (1993 - 1994)
Challenge: Improve performance of production, manufacturing engineering,
and maintenance staff of 99 employees in finish area.
Notable Achievements
. Implemented lean daily management resulting in a 10% increase in
productivity.
human resources Manager, Puckett, MS (1990 - 1993)
Challenge: Organize human resources activities at a plant startup with
over 300 employees and lead a staff of three.
Notable Achievements
. Developed and implemented all human resources policies and procedures.
. Championed lean manufacturing initiative for the business.
Education
Master of Business Administration - MILLSAPS COLLEGE, Jackson, MS
Bachelor of Industrial Engineering - AUBURN UNIVERSITY, Auburn, AL
Designs and Delivers Business Transformations