Manager Engineering
Resume:
RICHARD V. PRIDDY
Greensboro, NC 27403
OPERATIONS
ALLIED SIGNAL’s Environmental Technologies Group, prime business in Baltimore, MD was the design and sale of chemical and biological detection and monitoring instruments for industrial and military use. I was their Vice President of Operations, and responsible for manufacturing processes, material control, stockroom, purchasing, manufacturing engineering, test engineering, facilities, and program management. Products manufactured were electronic and electromechanical instrumentation utilized for chemical detection. I supervised 220 personnel in the facility, and my duties included upgrading the personnel in the organization, beginning shipments on four major contract delinquent programs, representing $85.2M of production backlog, and installing a lean manufacturing production process which would allow the company to become more competitive and eliminate the backlog. This challenge resulted in the implementation of a comprehensive Metrics process, which focused on cycle time and factory yield measurements and resulted in the increased production output of 300%. I also developed commercial markets for products in the chemical detection market. Success led to the sale of the division to an investment group.
As Director of Manufacturing Operations at ITT Corporation’s Aerospace & Communications Group in Ft. Wayne, IN, I was responsible for establishing the factory and organization for production of a series of military communications equipment. I directed the manufacturing processes at these facilities dedicated to the SINCGARS Program. My task was to take the prototype products and deliver 320 systems within 13 months, and then direct the production rate increase to 1800 systems per month. I was responsible for the processes, test, production control, test engineering, manufacturing engineering, and purchasing functions. I grew the organization to 450 personnel in the facility and 78 indirect laborers, and eliminated a $250M backlog through the introduction of lean manufacturing techniques.
Rockwell International built the Collins Radio line of avionics for commercial and government markets at this facility in Cedar Rapids, Iowa. I started as a process engineer with Rockwell and held various positions of increasing responsibility. As the Cedar Rapids Operations Manager, I held responsibility for various functions which grew to include assembly and test, manufacturing engineering, bidding and estimating and production control. I eventually was responsible for 525 touch labor and 141 salaried personnel at three facilities. The direct expense and the labor budget were $22,300,000. Sales grew over this period from $20,000,000 to $153,000,000. Other positions held included Production Control Manager, Manufacturing Engineering Manager, Cost Estimating and Control Supervisor, and Manufacturing Engineer.
PURCHASING & MATERIAL MANAGEMENT
As Director of Materiel at ITT Corporation’s Aerospace & Communications Group in Ft. Wayne, IN, I was responsible for material control, procurement, subcontracts, material bidding and estimating, and inventory control taking place in five locations, approximately 275 people: New Jersey ($16,800,000 - satellite products/major subcontracts for space programs); Indiana ($197,200,000 - three separate procurement locations); Florida ($20,100,000 - digital and switchboard communication products). I took on and achieved the goal of reducing 20% of the material cost in order to return the SINCGARS Program to profitability, ultimately saving $27,512,000. Inventory accuracy in stockrooms was improved from 72% to over 95%. Quality performance moved from 75% to 90% and delivery performance to 93% from 52%. Headcount reductions totaled 53 and the material base savings were $41,800,000.
TNT Logistics established their first US operation in Baltimore to penetrate the Government market for military logistics. As VP of Material, I was responsible for contract expansion, material procurement, pricing, engineering, warehousing, and distribution for all North American business for TNT. This organization was responsible for performing under the IPV (Industrial Prime Vendor) program, purchasing material for the Marine Corps currently purchased by the Defense Logistics Agency. Duties include the procurement of approximately 10,000 part numbers and annual volume of approximately $30,000,000. Duties included successful capture of 3 major supply programs, the installation of an SAP business system, upgrading of personnel, development of a parametric pricing model, and the start up of three distribution centers.
As the Purchasing and Material Manager for Rockwell International for their Government Avionics Group in Cedar Rapids, Iowa, I was responsible for all the division's procurement and subcontract activity, material stores and bonded stock. In this position the subcontract procurement level increased to $38,000,000 from zero, while purchasing some 23,500 active components. Stockroom inventory was reduced from 13.9 to 5 weeks. I installed the material modules of the PIOS MRP System, established numerous foreign sources to satisfy offset agreements to meet cost reduction targets.
At L-3 Communications, in Fairfax, VA, I was recruited as Senior Operations Manager to commercialize a product line for communications in underground coal mines. My responsibility was to establish a supply chain, including distribution for the coal mine communication system. A complete supply chain, including warehousing, delivery, supplier base, and distribution network was established.
GENERAL MANAGEMENT
I was recruited by TVI Corporation’s board as President & CEO to grow the business from its existing 2001 $4M level of revenue. The primary products of the Glenn Dale, MD company originally were a line of tents and infrared targets. I was able to grow the business through organic growth to $32M, and through 3 acquisitions to approximately $80M in 2007. Gross margins and operating margins have been consistently in the 53% and 27% range respectively through 2005/2006. The company has been transformed from a bulletin board listed company to a fully listed NASDAQ corporation with 38% institutional investors. An infrastructure has been built to include ERP system, ISO certification, metrics program, 6Sigma and a top flight staff.
Product line expansion has included a line of NOISH Certified Powered Air Respirators, Infrared aircraft landing markers, a Filter Canister manufacturing line, and a shelter leasing business. The customer base has been expanded to include the Hospitality Industry, Military Logistics operations, Federal and State Disaster Preparedness Entities such as FEMA, Red Cross and the National Guard. Primary markets include an even distribution of Hospitals, State and local emergency management organizations, fire departments, and the military.
In 2002 the revenue contribution of our core line of decon systems represented 97% of our revenues. This decreased to 15%, with 85% coming from our organically expanded business, respirators, filters, and shelter leasing. The company growth has resulted in my being named Innovator of the Year by a regional publication, nominated for Entrepreneur of the Year by Ernst & Young, and the company receiving recognition from the Washington Post for being one of the top ten fastest growing companies in the region. Our operating performance was in the top 25th percentile of companies in our market cap. Our stock price has grown from $.11 per share, to a high of $6 per share.
At Eastern Shore Forest Products as the Pocomoke Site Manager, I was responsible for the production and P&L of all products at the site in Pocomoke, MD. Products manufactured included wood chips, fence posts, and chicken litter, all manufactured from purchased incoming timber. My task was to restore the operation to profitability and increase productivity. Productivity was increased by 300%, and profitability restored.
EDUCATION: MBA, Finance, University of Iowa
BS, Industrial Engineering/Management, Clemson University
CERTIFICATIONS: CPIM
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