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Business Partner Chief Financial

Location:
Gilbert, AZ
Posted:
November 01, 2023

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Resume:

RICARDO COMPEAN

Gilbert, AZ 469-***-**** ad0sjr@r.postjobfree.com

CHIEF FINANCIAL OFFICER / VP FINANCE

Strategic Business Partner … Transformational Leadership … Culture Shaping … Operational & Finance Excellence Accomplished senior finance executive and strategic business partner with 20+ years’ experience across a diverse range of businesses with global scale and size within Fortune 500, Private Equity-backed and Private organizations with demonstrated leadership and analytical skills. Business partner with ability to drive strategic initiatives, turnaround experience, M&A activities, deploying enterprise-wide financial systems, and championing lean implementations. Leader with passion to work collaboratively with on- and offsite teams to drive organizational growth and operational stability.

Talent Development

Strategic Road mapping

Global Analysis & Reporting

Tax & Treasury Management

ERP Systems Implementations

Revenue Growth Strategy

Internal Controls & Risk Mitigation

PROFESSIONAL EXPERIENCE:

CHIEF FINANCIAL OFFICER & TREASURER HAYDON CORPORATION Wayne, NJ 2022-2023 Strategic Planning – Tax & Treasury Management – Internal Controls & Risk Mitigation – Operational Problem Solving Led a finance team of nine encompassing accounting, finance, annual audits, tax, treasury, and financial risk management functions. Partnered with executive leadership to lead Strategic Planning, Annual Operating, and Capital budgeting processes. Oversaw strategic initiatives ensuring financial systems were aligned with organization’s overall strategy. Maintained strong relationships with banking, financial institutions, outside legal counsel, and insurance partners to support the company’s needs. Advised leadership on accounting, tax compliance, risk management, treasury, and cash management.

Operational focused leadership resulting in a 13% increase of revenue and 24% increase in net income by optimizing pricing strategies, forecast accuracy, and introducing cost reduction programs.

Championed company-wide Working Capital initiative resulting in an increase of free cash flow of $22M through high- profile initiative to analyze receivables strategies, supplier contracts/pricing and payable terms.

Developed model and streamlined internal workflow to facilitate executive level pricing decisions reversing gross profit leakage and recovering $2.5M.

Improved external audit relationship and information flow resulting in reduced costs of $50K.

Designed and implemented robust finance structure including new close, budgeting, forecasting, and reporting processes, reducing reporting time from 12 days to 5 days. VICE-PRESIDENT FINANCE, AMERICAS PRAESIDIAD (a Carlyle Group Company) Dallas, TX 2021-2022 Strategic Road Mapping – Business Growth & Revenue Gains – Internal Controls & Risk Mitigation – Team & Culture Leadership Led a team of twelve with full responsibility for Financial and Information Technology matters for a private equity company. Demonstrated expert leadership in financial planning and analysis, financial reporting, proposal development, and decision support. Proven history of achieving operational and financial excellence, the ability to define go-forward strategies to build solid and scalable infrastructures. Developed and led the Strategic Planning, Annual Operating, and Capital budgeting processes.

Drove change in pricing strategy by establishing a centralized Deal Desk, revamping estimating tools, and developing a price list resulting in generation of 7% net price increase.

Championed a corporate-wide initiative to reduce quote lead times by eliminating waste and rework in estimating and engineering processes as well as establishing a price book for standard products resulting in the increase of Order Book by 21%.

Increased revenue by 40%+ and reduced direct labor by 20% by introducing a SIOP process and Lean principles on manufacturing floor resulting in sustainable revenue, profit gains and working capital reduction of $3M.

Led a corporate-wide initiative to upgrade the existing ERP system.

Established and deployed lean principles in back-office to improve throughput with existing resources, developing a high-performance finance team focused on operating metrics, internal controls, and disciplined growth. RICARDO COMPEAN PAGE 2 OF 3

SENIOR DIRECTOR FINANCE PACIFIC SCIENTIFIC EMC (a Fortive Company) Chandler, AZ 2016-2021 Six Sigma, Lean, & Kaizen Processes – FAR, DFAR, & CAS Compliance – Technology Deployment – Team & Culture Leadership Developed a high-performance finance and pricing team of fifteen, deploying a strategic mindset to mitigate risks, plan financial tactics, and scale infrastructure for growth. Partnered with executive leadership on Strategic Planning, Annual Operating Plan and Capital budgeting processes. Developed and refined business planning, sales, and inventory management practices, serving as a change agent focused on continuous improvement and alignment to key strategic goals.

Played an instrumental role in scaling the business to grow 30% in 4 years, fueling 58% order growth.

Designed and implemented a proposal strategy which increased margins by 3%—concurrently increasing proposal volume by 50%—engaging in segmentation and analytics to identify opportunities to drive both revenue and profitability.

Improved On-Time Delivery (OTD) from 87% to 92% and reduced delinquent backlog by 10% and inventory by

$5M, defining and implementing new analytics and KPI dashboards to facilitate operational excellence across all locations.

Championed a corporate-wide initiative to improve working capital by $10M, developing a real-time tool to identify top commercial product lines and optimize Kanban levels. DIRECTOR OF FINANCE / CORPORATE CONTROLLER X-RITE (a Danaher Company) Grand Rapids, MI 2012-2016 SOX Compliance – Global Team Leadership – Finance & Accounting Continuity – Merger Integration – KPI Development CORPORATE CONTROLLER 2015-2016: Promoted to Corporate Controller to lead a global team of thirty-six in performing general accounting, consolidation of subsidiaries, financial reporting, internal controls, and SOX compliance functions. Maintained continuity between Finance and Accounting, differentiating talent critical to supporting a regional operating model. DIRECTOR FINANCE 2012-2015: Led integration of finance functions for a newly acquired company operating in seven countries, executing against the M&A playbook, and establishing financial reporting and SOX compliance processes. Built a reporting structure to ensure timely and accurate reporting of financials between the operating company and corporate parent.

Reorganized the global accounting function from a centralized to a regional model, deploying new structure in Europe, Asia, and the U.S., with business operations synergies resulting in $500K in annual savings.

Supported selection of a new ERP system for consolidation of subsidiaries, financial reporting, product planning, costing, and inventory management.

Built a robust control environment to meet Section 404 SOX requirements, developing and implementing new global programs to proactively monitor compliance and mitigate non-compliance risks.

Recruited and oversaw a 10-person global finance team in supporting integration efforts, driving financial planning and analysis, fueling financial management reporting, and providing data-driven business decision support.

Developed measures of success through definition of KPIs, collaborating with operations, product management, and sales stakeholders to identify and capitalize on continuous performance improvements. DIRECTOR OF FINANCE PACIFIC SCIENTIFIC EMC (a Fortive Company) Chandler, AZ 2007-2012 Transformational Leadership – Double-Digit Sales Gains – Cost Reduction Programs – Team Building Hired to turn around financial performance of company, steering a team of ten finance professionals in all aspects of financial planning, analysis, and reporting. Built business processes to support growth, hired top talent, and drove significant cost reductions through a targeted cost reduction strategy. Refocused the organization and re-engineered its portfolio, key to overcoming economic challenges and driving strong and sustainable revenue gains.

Increased sales by 39% and operating income by 850 bps, in part through the development and execution of lean manufacturing initiatives—also catalyzing a 6% reduction in headcount—and design of an innovative pricing strategy.

Designed a proposal strategy to maximize margins, deploying customer segmentation, market analytics, and a robust risk assessment methodology to identify higher-profitability opportunities, fueling a 7% increase in gross margin.

Fostered a laser-like focus on key operating indicators, recruiting six financial analysts to ensure disciplined growth, strengthened internal controls, site-specific strategic business plans, and a culture of operational excellence.

Reduced inventory by $7M through development of joint business planning, sales, and vendor management processes. RICARDO COMPEAN PAGE 3 OF 3

EARLY CAREER:

HONEYWELL INC. – Phoenix, AZ

Finance Manager, 2006-2007

FREESCALE INC. (formerly Motorola Inc.) – Austin, TX Manufacturing Controller, 2005-2006 / Business Unit Controller 2002-2004 / Sr. Financial Analyst, 2000-2002 PETRO STOPPING CENTERS, LP - El Paso, TX

Senior Financial Analyst, 1999

EDUCATION & DEVELOPMENT:

UNIVERSITY OF TEXAS, El Paso, TX

Bachelor of Business Administration (BBA), Finance Green Belt Certification Lean Manufacturing Situational Leadership HBX Coursework TECHNOLOGY INVENTORY:

HFM Hyperion OneStream PeopleSoft SAP R/3 Visual Enterprise Macola MS Office Suite LANGUAGES:

Fluent in Spanish



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