DAVID A. WISNIESKI
***** ******** ****** *****: 734-***-****
Northville, MI 48167 Email: *****.*********@*************.***
CAREER SUMMARY
A finance and business leader with comprehensive and diverse global business experience and extensive knowledge of strategic planning, corporate restructuring, financial planning and analysis, cash management, internal controls, sales, marketing, and customer relations with Fortune 100 and Chinese JV companies. Proven ability to utilize team building and mentoring to improve individual and organizational performance. A resourceful, self-starter with high energy level, who is able to communicate effectively across all levels. Conversational in Mandarin Chinese.
PROFESSIONAL EXPERIENCE
Faraday Future - Gardena, California 2015 - Present
Faraday Future is a new electric vehicle startup company with the vision to create smart, connected mobility for everyone. The first luxury EV will be delivered in 2018 with the best technologies and smart internet-of-vehicle connectivity for all our customers.
Finance Director
Appointed to key finance position reporting to CEO in June 2015
Responsible for all Operational Finance functions including Product Development, Marketing and Sales, Manufacturing, Financial Planning and Analysis, and Internal Controls.
Developed FP&A Forecast process as well as Annual Budget and Five Year Business Plan
Hired, trained, developed Finance team of more than 20 people since joining company.
Qoros Automotive Co. Ltd. Shanghai, China 2013 - 2015
Qoros is s joint venture between Chery Automotive and Israel Corporation, with 2015 projected sales of about $650 Million and 2,000 International and Chinese employees.
Vice President Strategic Planning and Business Development
Appointed by new CEO to key strategy position to support JV restructuring and cooperation efforts with several strategic partners n March 2015.
Developed Corporate Restructuring Plan to enable the company to reduce costs and maintain operations in difficult cash flow situation.
Initiated discussions with Mahindra & Mahindra of India for platform and power train sharing agreements
Supported platform sharing discussions with Chery, Chery/Jaguar/Land Rover, BAIC and Brilliance Auto with financial data and model for IP cost sharing.
Finance Director
Appointed to this key finance position reporting to CFO in July 2013.
Responsible for all Operational Finance functions including Product Development, Marketing and Sales, Manufacturing, Financial Planning and Analysis, and Internal Controls.
Developed FP&A Forecast process as well as Annual Budget and Five Year Plan
Created Investment Model and Process for New Program approval and performance tracking
Hired, trained, developed Finance team of more than 50 people since joining company.
Tower International Inc., Novi, MI 2005 - 2013
Global, Tier I automotive parts supplier with sales of $2.5 B and 8,000 employees.
Vice President Finance - Tower Asia – Sales $500 M and 1,000 employees 2006-2013
Appointed to key regional finance position in January 2006, with responsibility for financial analysis, accounting, tax, treasury, internal control, and employee development for wholly-owned operations in Korea and two joint ventures in China. Originally based in Japan, and moved to China in 2009.
Worked collaboratively with Asia Leadership team to develop Strategic Plans for the region including organic growth and acquisitions targets, supported due diligence efforts in Korea, China and India, and developed presentations for BOD approval of targeted acquisitions.
Improved affiliate relationships and communication by meeting personally with various leadership teams and offering suggestions for performance improvements.
David Wisnieski resume page 2
Launched Internal Control Training Programs, established processes to insure key controls are in place, and participated in three internal control audits which resulted in effective control ratings.
Mentored local national controllers and led efforts to reduce costs and improve cash balances at affiliate operations quarterly communication meetings and use of common processes.
Developed financial and cash flow assumptions to obtain BOD approvals of major CAPEX expenditures to support growth within the region, including new $30 mil investment in China.
BOD member for Operations in Korea and four joint ventures in China.
Finance Director- Product Programs and New Business Development 2005-2006
Key member of the leadership team responsible for restructuring the North American Operations to improve ongoing profitability, and insure the long-term viability of Tower.
Developed a manufacturing rationalization plan, approved by the Board in September 2005, which improved ongoing profitability by more than $25 million.
Created cash flow model to capture restructuring cash requirements, forecast loan drawdown, and insure compliance with lender loan and CAPEX covenants.
Worked with Customer Service and Engineering groups to develop common templet for major new programs and new business quotes that improved leadership reviews and reduce workload
Visteon Corporation, Van Burean Township, MI 1998-2005
Global, Tier I automotive parts supplier with sales of $18 B and 85,000 employees.
Director- Corporate Restructuring 2002-2005
Key member of team empowered to develop initiatives to improve ongoing profitability and long-term viability of Visteon. Responsible for determining key financial metrics and ongoing impacts of restructuring opportunities, communicating recommended solutions to leadership team, and improving the ongoing customer relationship with Ford Motor Company (Visteon’s major customer).
Identified profit and cash enhancement opportunities and negotiated settlements that improved Visteon’s 2004 profits by more than $2 M and cash balances by $ 4 M.
Developed financial models and actively supported confidential negotiations in 2003, on new Ford Purchase and Supply Agreement improving ongoing profitability by more than $700M annually.
Calculated labor cost penalties and participated in national and local labor contract negotiations, which resulted in labor concessions and substantial cost reductions at several unionized facilities, and an agreement to work to improve or exit money-losing businesses.
Identified product portfolio rationalization metrics ensuring alignment and more effective deployment of engineering and capital resources, as part of a cross-functional team, which supported achievement of 30% reduction in costs from 2002 to 2005.
Manager – Corporate Costs and Special Studies 2001-2002
Managed team of eight finance analysts responsible for budgeting and reporting administrative and selling costs of about $1 B. Led a finance cost-reduction team and provided financial and business analysis to support corporate investment and restructuring initiatives.
Represented finance on Ford Visteon Portfolio Rationalization team that facilitated exit from several non-core businesses, which improved Visteon profits by more than $100 M annually.
Initiated, developed and communicated monthly controllable cost reports which reduced 2002 travel, consulting, agency, and overtime costs by about 40% from 2001 levels.
Implemented process improvements and reorganized department to save $300,000 annually.
Controller – China, Shanghai, China – Sales $250 M, 800 employees 1998-2001
Responsible for delivering bottom line results and controlling all costs, improving internal controls and finance processes, cash management, and treasury functions, and business restructuring.
Led local efforts, including due diligence negotiations to divest two non-core ventures, which reduced overall costs, improved profitability, and allowed increased focus on core businesses.
Identified new opportunities for growth and made recommendations which lead to sales increases of over 80%, and Asia becoming the most profitable and fastest growing region.
Established new trading company and improved annual profits by $10 M.
David Wisnieski resume page 3
Ford Motor Company - Dearborn, Michigan 1978-1998
Ford is a global automotive company with sales of $160 B and 350,000 employees.
Finance Manager, Powertrain Controls Division – Sales $ 3 B 1994-1998
Parts Pricing Manager, Ford Customer Service Division - $1 B 1992-1994
International Trade Analyst, Ford Finance Staff 1991-1992
Supervisor, Corporate Risk Management and Insurance 1990-1991
Finance and Investment Analyst, Ford Finance Staff 1987-1990
Finance and Marketing Analyst, Glass Division – Sales $800 M 1978-1987
EDUCATION
MBA, Finance, State University of New York, Buffalo, NY 1978
BA, Mathematics, State University of New York, Buffalo, NY 1975
MEMBERSHIPS / AFFILIATIONS
Board Director for Faraday Future and acting CEO/CFO for signature requirements 2015 - Present
Board member for Korean company and 4 Chinese joint ventures 2006 - 2013
Consultant for Taiwan Fastener Company M& A efforts to grow business in China 2011 - 2013
Chairman for Shanghai Chapter of Finance Executive Network Group 2013 - 2014