ANTHONY PALOMBA ***** Renwick Drive

Shelby Township, MI 48315

C- 248-***-****

adbsl7@r.postjobfree.com

Summary: Highly accomplished results driven senior leader experience in finance and operations management with international organization. Demonstrated ability to streamline business operations that has driven growth, increase efficiency and profit improvements. Possess solid leadership, communication and interpersonal skills to work with all levels of staff and management.

Areas of Expertise

- Banking / Treasury / Legal / Board of Director - Manufacturing / Material Management Processes

- Divestitures & Acquisition - Lean Manufacturing and Kaizen/5S principles

- Restructuring / Turn Around Action - Cost Accounting & Project Accounting / USGAAP

- Long Range Strategic Planning / Annual Business Plan - Auditor in Sarbanes Oxley / 404 Compliance Plan.

- Six Sigma - Cost Accounting & Project Accounting Minth North America, OEM Automotive Plastic

Finance Director – Wixom, Michigan (2018 – 2020)

$320M Revenue North America operation with 2,300 employees Responsible for 5 operations (USA, Mexico), Head of Finance Worked closely with operations to evaluate improvements in profit through lean principles that resulted to generate cash to be aligned with plan, meanwhile minimize risk. Led through strong and often 2 way communication, mentoring, seeking group ideas, teamwork, flexibility, and vision. Use superior interpersonal skills, entrepreneurial skills to resolve multiple and complex, legal, financial, and operational issues. Mentored and motivate employees to peak their performance to achieve optimal target goals and KPI’s. Assure accurate capital investments to improve the financial health of the company Key Achievements:

Organized and worked with sales / engineering to assure product profit margins are met to company targets, when there are unacceptable margins promptly work with operations to reduce costs and improve efficiencies, this resulted profit +$.8M.

Created a gross margin report to align management to focus on gross margin deficiencies, business cases for RFI/RFQ to adjust costs or price.

Driven with team effort to work with plant controllers to improve financial performance and financial controls.

Effectively change the profit improvements by instituting a weekly flash financial reporting to mitigate any financial risks not meeting budget, this results constituted a cost savings +$.7M.

Partner with Department Leaders to develop timely and realistic financial projections that can be used to drive timely decision making to ensure the company's strategy objectives are met.

Led the Operations' Teams to support their business objectives, manage costs, CAPEX and improve business processes. KAMAX North America, OEM Automotive Fasteners

Vice President Finance – Rochester Hills, Michigan (2012 – 2018)

$160M Revenue North America operation with 550 employees Led Strategic Planning, Accounting, Controlling, Legal, Treasury, IT, and Inventory Control as well as Cost Management. Drove operational and profit improvements to assure a strong P&L and Balance Sheet results. Co-lead the company organization structure to meet growth demands of the business. Ensure the alignment of company core values, strategic vision, drive formal planning processes and tighten integration of operating departments to meet the business objective and expected results of the company. Successfully led short and long-term forecasting that drove the business to achieve planned profitability. Worked closely with external auditors on the yearly audit, including control review and assessment of operational business internal controls. Use superior interpersonal skills, to resolve multiple and complex, legal, financial, and operational issues. Champion the Balanced Scorecard reporting tool to evaluate monthly results against key target measures that encompass financial, operational, selling, customer support and distribution / logistics metrics. Key Achievements:

Created KPIs to measure, benchmark operating performance and reported improvement in EBITDA by $1.2M+

Led efforts to consolidate finance activities, improving EBITDA by $300K by implementing Vendor Invoice Management

(VIM), A/P invoice scanning process increasing efficiencies in booking costs to the GL.

Drove a committee to reduce inventory, formalized the order book planning process, continuous improvement in inventory records, improved turnover rates and lower obsolesces rate. Reduced Inventory by $1.5M

Reorganized company medical plan with cost savings $1.1M.

Negotiated real estate sale at $5.0M, a 25% incr. $1.0M from initial offers and no 5% broker fees; saving $250K.

Led and achieved 12 year tax abatement from state and local government with savings of $2.2M.

Coordinated R&D tax credit savings of $200 -$300K annually ANTHONY PALOMBA

IONBOND INC., Coating Service for Plastics and Metal Goods (2007 – 2011) Managing Director / CFO North America Group – Madison Hts. Michigan

$100M Revenue North America operation with 300 employees. Managed directly IT, A/R, A/P and Purchasing Responsible for 10 operations (USA, Mexico & Canada), Sales & Engineering financial reporting. Measured and monitored weekly / monthly financial business and forecast of each plant. Worked directly with each site on operational costs improvements, job costing, and enhanced financial performance related to KPIs and cash flow. Ensured the company financial reports were prepared in compliance with US GAAP requirements.

Key Achievements:

Controlled with sales and engineering to assure product profit margins, when unacceptable initiated discussion with sales on price change resulting in an increase EBITDA by $1.1M.

Executed a plan to reduce inventory, improved the intake of orders to the shop floor, improved inventory records, and turnover. Reduced Inventory by $850K.

Drove the annual process of collecting data for R&D tax credit, increased cash flow savings of $150K. NOBLE INTERNATIONAL, OEM Automotive Steel - Laser Welding - Company Closed (2006 – 2007) North America Group Controller – Roll Forming Division – Warren, Michigan

$300M Revenue North America operation with 450 employees. Managed 4 plants and directly 4 Controllers + Staff. Established critical measurements through KPIs weekly/monthly reviews; improving financial business of each plant. Strengthened product line profitability by working with engineers to tract and account for any engineering changes to BOM. Initiated price changes to the customer as price increase. Key Achievements:

Integrated current financial system & procedures to be SOX compliance as Sox Auditor.

Worked directly with each plant controllers/plant operations improving the operation controls; achieving financial improvements of $800K.

COLLINS & AIKMAN CORPORATION, OEM Automotive Interior Plastics - Company Closed (2002 – 2006) Director of Financial Planning, Analysis & Reporting – Southfield, Michigan

$3B Revenue with +12,000 employees.

Responsible for the consolidating financial mgt. reports, analyze operational performance trends, established critical measurements to increase profits; designed financial reports to measure operations performance; resolve plant problems and implement changes. Prepared MD&A analysis for investors and statutory reporting. Assured the company financial reports are prepared in compliance with US GAAP and SEC reporting requirements. Presented financial information and recommendation to CFO/CEO and create custom reports for the presentation package to the board of directors. Led and created the long range strategic plan by working directly with sales and manufacturing group.

. Key Achievements:

Worked directly with plant controllers to improve financial performance.

Installed and integrated Hyperion Enterprise HFM MPM financial system reporting. TRW AUTOMOTIVE CORPORATION, $12.6B Revenue +66,000 employees (2000 – 2002) Senior Manager Financial Analysis – HQ, Livonia, Michigan - Promotion Streamlined the monthly financial reporting package that consolidates the global results Reported corporate staff costs, cash flow and working capital compared to the monthly budget / forecast by segment with recommend improvements. Led the MD&A reporting for the North America operation and presented results to board of management Controller – Chassis Systems, Detroit, Michigan – $300M Revenue 450 employees. (1997 – 1999) Supervised five direct personnel and accountable for the plant general ledger and month end close. Responsible for all financial activities and material reporting, includes product costing, budgets, and financial analysis of current and forecasted business. Worked in partnership daily with plant manufacture team to assure all financial activities are at the reasonable costs levels to include material control procedure implemented and followed. Drove the internal audit. Key Achievements:

Restructured plant cost, resulted in a turn over negative profit -$1.2M into breakeven within 2 years.

Co-lead the divestiture team to sell the manufacturing business (Detroit Plant), responsibilities included preparing all financial reports/analysis, material control data and business plan and presented operational data to prospected customers.

Implemented new processes that improved manufacturing operation cycle time and eliminated non-value added costs that lead to a substantial cost savings of $1.0M.

Designed the development of a Capital Expenditure request on the internet website to review and expedite expenditure approvals.

EDUCATION:

Walsh College of Accountancy and Business Administration, BBA Finance, pursing MBA COMPUTER SKILLS:

Skilled in SAP and QAD Financial / ERP System, Hyperion Enterprise, PLEX, PeopleSoft, MS - Excel, Word, PowerPoint.

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