Financial & Accountiong Management

W. Wilson Troutman

**** *. ***** ****** *******, IL 60148

630-***-****(H) 312-***-****(C) ******.********@*****.***

Career Summary

A senior executive with over thirty years of business experience in financial management roles with manufacturers of industrial and consumer products and technology companies with worldwide operations. Direct corporate financial management as a key member of the business management team providing support in the financial aspects of marketing strategies, analyzing and implementing cost reduction and efficiency measures, optimizing inventory investment levels and planning and implementing hardware/software system conversions. Additional experience includes:

Strategic Planning Profit Improvement Initiatives Tax Planning

Acquisition/Divestiture Analysis Cost Reduction SEC Regulatory Reporting

Debt/Equity Restructuring Budgeting & Forecasting Legal/Insurance Administration

Audit Management SOX 404 Implementation

Work Experience

Consulting projects for financial overview & administration with manufacturing & distribution companies. 2015-Present

Omeda Communications, Northbrook, IL 2012-2015

A $15 million multi-entity technology company for customized SaaS data analytics and data storage

Vice President/CFO reporting to the President & CEO for the evaluation of new business opportunities and all financial, legal, tax & insurance matters. Upgraded monthly reporting systems, controls & analysis including tax planning and development for new order entry/invoicing system. Coordinated company-wide restructuring in line with new competitive business conditions.

Akorn, Inc., Lake Forest, IL 2004-2012

A $140 million manufacturer/distributor of generic pharmaceutical products

Corporate Controller/Treasurer managed a staff of 13 for financial and cost analysis, credit & collections, financial reporting and commentary for internal and SEC public filings (10-K, 10-Q, etc.), tax compliance and cash management.

Coordinated the review and implementation of multiple partnership/supply agreements for product development and launches. Successfully implemented Sarbanes-Oxley 404 compliance on time and within budget. Assisted in market pricing/profit strategies on new products for various distribution channels. Worked with Materials management to optimize production & inventory levels.

Access Optical Networks, Naperville, IL 2001-2004

A start-up company developing laser-optical data transmission systems

Director of Finance managing strategic and financial planning, forecasting and monthly reporting.

Coordinated the development and presentation of the five-year business plan for this high-speed optical data technology company. Developed integrated financial model and presented company overview and financial plan to potential investors/venture capitalists and assisted in technical presentations to customers and strategic partners.

The Boler Company, Woodridge, IL 1999- 2001

A $600 million manufacturer of heavy-duty truck & trailer suspension systems

Controller for $195 million Truck Suspension Systems division, directed a staff of 21 for planning & analysis, financial reporting/accounting for North America manufacturing/distribution and headquarters operations.

Coordinated with Marketing/Engineering personnel on new products development ($40MM projected volume) and ROI potential including pricing, capital project justification and launch/promotional costs with OEM and Aftermarket customers.

Developed and analyzed alternate manufacturing/distribution scenarios, multi-divisional headquarters consolidation and cost containment measures to respond to a 35% decline in truck industry production levels.

W. Wilson Troutman Page 2

Zenith Electronics, Melrose Park, IL 1997-1999

A $1.2 billion manufacturer of consumer electronics products

Controller for $270 million CRT Operations unit, directed a staff of 14 for planning & analysis, accounting operations, hourly union payroll and credit & collections for Illinois and Mexico production operations.

Collaborated with Engineering/Production management and corporate financial/legal advisors regarding alternate manufacturing scenarios, developing and presenting discounted cash flow financial modeling for make vs. buy and possible joint ventures.

Facilitated project management plan for phase out of CRT production operations and transition to outside suppliers.

Industrial Coatings Group, Chicago, IL 1986-1997

A $60 million manufacturer of coated textile fabrics and extruded film products used in industrial applications

Vice President/Corporate Controller Member of the Executive Committee, worked on strategic planning and capital investment issues, directed company financial functions and had major involvement with the LBO and subsequent divestiture of its $80 million consumer window covering products and $3 million packaging film divisions. Corporate Controller duties included managing a staff of 12 for financial reporting, accounting operations, budgeting/forecasting, IT and corporate income tax functions.

Leveraged Buy Out/Divestiture Oversight: Facilitated 1986 LBO of this $130 million company and subsequent spin-offs and divestitures of two divisions. Prepared business operations overview and financial summary, consulted with investment bankers and potential buyers. Reorganized finance/accounting staff, administered contract reviews and ensured a controlled transfer of operating responsibilities to new ownership.

Profitability Improvement: Key member of business team which increased film products division annual earnings by $800,000 (57%) through refocused market emphasis, revised pricing and production capabilities, and enhanced delivery and customer service performance. Designed and implemented activity based costing which improved profit contribution analysis.

G. D. Searle & Co., Skokie, IL 1981-1986

A $1.4 billion manufacturer and distributor of consumer and pharmaceutical products

Division Controller for Searle’s Consumer Products division which grew from $80 million to $260 million in revenues. Coordinated with Sales/Marketing management on product marketing strategies and tactics and evaluation of new product cash flow and return on investment potential. Financial Accounting Manager responsibilities included developing/implementing audit and control procedures for outside agency advertising and promotional programs. Directed general accounting functions including financial reporting, monthly closings and 10-K/10-Q reporting for the six operating divisions which comprised Searle’s $200 million U.S. Pharmaceutical group.

Financial Management/Company Divestiture: Planned and installed general ledger and accounts payable systems for new Consumer division. Coordinated year-end audits with external auditors, implemented internal control procedures and developed direct cost reporting procedures. Subsequently coordinated the transaction to sell this $260 million division and coordinated divestiture financial issues including transfers of contracts, inventories, property and liabilities.

Joanna Western Mills, Chicago, IL 1976-1981

A $110 million manufacturer and distributor of window covering products.

Promoted from Senior Financial Analyst/Staff Accountant positions to Cost & Payroll Manager managing multi-facility cost accounting operations and hourly payroll department. Developed budgets/forecasts, analyzed plant facilities, production and distribution costs and developed inventory valuation methods/procedures (standard cost, job lot, LIFO/FIFO).

Education and Professional Affiliations

MBA, Marketing and Finance University of Chicago 1987

B.S. Business, Accounting Major University of Illinois-Urbana 1976

Certified Public Accountant 1977

Member AICPA, Illinois CPA Society and Financial Executives International

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