Ron Spencer...

Residences in New York City and Dallas • 214-***-**** • acxloe@r.postjobfree.com

Global Operations Executive who merges technical foundation in industrial engineering with strong business acumen and years of successful experience in operations and full-cycle global product distribution to drive unprecedented contributions to revenue, gross margins and profitability of world-class brands. Decisive and supportive leader, who builds and leads world-class, multinational teams by sharing the vision, establishing clear objectives, and providing tools and support required for success. Earned a reputation throughout career for creating cultures of engagement, productivity and high retention.

International Operations/Market Expansion – Played key role in driving growth strategy for Fossil that propelled company from sales of $480M in five countries to $3B across 26 countries.

Mergers, Acquisitions, Consolidations – Held critical role in numerous M&As, including executing 10 acquisitions across Asia and Europe for Fossil. Managed from due diligence and negotiations through full integration into company operations and cultures. Earlier for Fleming consolidated 43 distribution centers into only 34 post-acquisition and opened two new facilities in 18 months, slashing expenses $48M.

Start-up Operations – Took start-up consumer electronics product from prototype through creating company operating infrastructure and all phases of go-to-market strategy. Achieved product launch across four countries in less than 12 months – months ahead of major competition. Drove rapid expansion to include 12 global markets and sales growth from zero to multimillions of dollars all within two years.

Margin/Profitability Improvement – Spearheaded “Margin Maniac” project to address declining margins at Fossil. Drove strong and sustained improvements, adding 200 basis points – $40M – to bottom line six consecutive years with no increase in prices.

Logistics/Supply Chain Acceleration – Streamlined and accelerated speed to market of new products at Fossil and Bulova. Created “Speed Team” global product design and supply chain reengineering project at Fossil, which improved speed to market by 30% – from 270+ days to 199; accelerated supply-chain process by 60 days at Bulova.

Leadership Qualities that Deliver Company and Stakeholder Value

Strategic Planning

Global Multisite Operations

P&L Accountability

New Market International Expansion

Global Supply Chain, Logistics and Inventory Management

PLM

M&As

Integrations and Change Management

IT Governance, Strategy and Implementations

Customer Service

B2B, B2C

Budgeting

Negotiations

Team Building Leadership

Training Coaching Developing

Transforming Start-up, High Growth and Turn-around Consumer Products Businesses to Unprecedented Market Growth and Profitability

VECTOR SMARTWATCH INC, London, UK 2015 – Present

Start-up company introducing a stylish smartwatch with a 30-day battery. https://www.vectorwatch.com/

CHIEF OPERATING OFFICER

Recruited by former CEO of Timex to start-up consumer electronics company and relocated to London to direct operations, including IT, supply chain, warehousing, customer service, product development, key partnerships and fund raising. Play key role in overall strategic planning aimed at driving company growth and positioning for acquisition.

Partnered with global team to develop product line in <12 months.

Created operations infrastructure; established production and supply chain with key partners in Asia; built worldwide ERP system and website in four months.

Executed initial product launch September 2015 in dozens of top retailers across the US, UK, Switzerland and Romania; expanded market reach to 12 countries across Europe, North America and Middle East.

Drove sales growth from zero to millions of dollars and attracted prospective key buyers.

Garnered recognition as a “top 10” smartwatch in industry press.

BULOVA, New York, NY 2013 – 2015

$250M manufacturer of luxury watches operating in nine countries; division of Citizen Watch Company.

CHIEF OPERATING OFFICER ON TWO-YEAR CONTRACT

Recruited on two-year contract by company President to revitalize stagnant sales, redo new product lines, relaunch legacy products, and expand into new markets in Europe and Asia. Held accountability for overall operations management, including Asia Pacific sales, and global IT, supply chain, warehousing, customs and customer service. Traveled globally up to 70%.

Launched/relaunched five brands in 18 months across 20 countries serving 8,000+ stores.

Opened and restarted business in Hong Kong, China and Germany; sourced and managed new vendors in China and Hong Kong.

Propelled Asia Pacific sales 50% annually.

Accelerated supply chain by 60 days and warehouse processing by 60%; forged long-term relationships with third-party warehouse operations to seamlessly support future growth.

Negotiated agreement as official timekeeper for Manchester United; designed and opened world-class headquarters in Empire State Building.

FOSSIL, INC, Dallas, TX 2001 – 2013

$3B publicly held (NASDAQ: FOSL) global leader in fashion watches, leathers and accessories; branded manufacturers for Michael Kors, Kate Spade, Armani, Diesel, Adidas, Marc Jacobs, Burberry and others.

SENIOR VICE PRESIDENT, GLOBAL OPERATIONS (2006 – 2013)

Promoted to direct worldwide operations, logistics, IT and customer support. Played critical role in strategic planning that drove growth from $500M in sales and 50 stores in four countries to $3B in sales and 500 company-owned stores in 26 countries with 17% sustained operating income. Created global roadmap for $110M in annual international capital spending to support growth targets. Traveled domestically and internationally up to 40%. Reported directly to COO and CEO.

Forged international distribution partnerships and played pivotal role in subsequent acquisitions in Europe and Asia – from due diligence and negotiations – through integration into company operations.

Led global initiative (Speed Team) that accelerated speed to market 35%, including product design, prototyping and production; drove project (Margin Maniacs) that propelled margins 200 basis points.

Held P&L management for Canadian and Latin American subsidiaries that achieved 800% growth over five years with higher than average operating income.

Spearheaded full-cycle development of 500,000 sq. ft. world-class corporate headquarters in Dallas for 1,200 employees in less than nine months.

Managed global IT for three years with annual capital spend of $35M; implemented standardized SAP platform across all wholesale and (500) retail operations worldwide, doubling on-time, on-budget project delivery, and garnering technology industry recognition and awards.

Directed North America merchandising team of ~200 that enhanced and standardized visual merchandising for new products and launches across ~2,000 retail partner locations.

SENIOR VICE PRESIDENT LOGISTICS (2001 – 2005)

Recruited to diversified consumer products manufacturer, during high-growth phase, to direct logistics operations for worldwide distribution, including warehouse, importing, shipping, customer service/compliance, US Customs, after-sales service, and facilities functions. Provided functional support and traveled bimonthly to European and Asian logistics operations.

Directed full-cycle buildout of high-tech warehouse in Dallas to meet rapid company growth, which consistently garnered A+ scorecards from retail partners.

Reversed underperforming operations, including slashing quality problems 50%, reducing headcount 10%, and elevating processing speed by 20%; achieved company’s highest customer scorecards for compliance.

Led site selection, design, construction, opening and operations of Central European (Munich) and Asia Pacific (Hong Kong) distribution centers with combined workforce of 250, which expanded to 500.

Resolved outstanding US Customs issues and became one of only 30 companies at the time to achieve ISA status, enabling self-auditing and ability to bypass routine customs inspections.

FLEMING COMPANIES, Oklahoma City, OK/Dallas, TX 1983 – 2000

$18B, and largest US food distribution and retail company.

VICE PRESIDENT LOGISTICS (1998 – 2000)

Promoted to direct warehouse, transportation and inventory control nationally, relocating to Dallas and corporate office. Scope of responsibilities spanned network of distribution centers across the US (including Hawaii), comprised of 21 million sq. ft., holding $700M in inventory and shipping one billion cases to 7,000 customers representing $15B in sales. Additionally oversaw 1,200-unit dedicated fleet, and multiple third-party transportation contracts in union and nonunion environments.

Spearheaded consolidation of 43 centers into 34, and executed opening of two new facilities in 18 months, reducing costs $48M (5.2%).

Managed start-up of $1.4B customer across eight distribution centers in ten weeks, meeting all service requirements.

DIRECTOR DISTRIBUTION AND CUSTOMER SERVICE (1996 – 1998)

Initially recruited as entry-level industrial engineer at corporate headquarters, received consistent promotions every two to three years, becoming Director of Distribution/Customer Service at $500M multisite distribution center serving Oklahoma, Texas and Kansas. Directed full-scope of operating functions encompassing warehouse, transportation, facilities, accounting, IT and customer service operations.

Executed consolidation of two full-line distribution centers with no interruption in service.

Slashed operating expenses 22% in 12 months.

Prior Positions at Fleming (1983 – 1996)

Director of Distribution Systems/Manager, Industrial Engineering/Senior Industrial Engineer/Industrial Engineer

Early Experience

Consultant with Accenture (formerly Andersen Consulting), Oklahoma City.

Education

BS Industrial Engineering – University of Oklahoma, Norman, OK; Graduated with Special Distinction.

Volunteer/Nonprofit Work

Board Member – Global Sports Partners (www.globalsportspartners.org); 2000 – present.

Volunteer – River Keepers (www.riverkeeper.org); 2015 – present.

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