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Executive Manager

Location:
Lewisville, NC, 27023
Salary:
open
Posted:
March 20, 2020

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Resume:

MICHAEL A. MEMOLI

Winston/Salem, NC – Available to Travel and/or Relocate Globally

*** ******** ***, **********, ** 27023

Phone: 336-***-**** Email: adcdw6@r.postjobfree.com

www.linkedin.com/in/michael-memoil-6849a5

COO/CFO

Consumer Product Goods – Services – Food & Beverage Manufacturing/Distribution

P&L – Strategic Partner – Operational Excellence – Finance, IT, HR, Legal Leadership – M&A/IPO

Resource Optimization – Cost Savings – Efficiency – Customer Experience – Innovative Growth Solutions

Dynamic – Team Based Culture Builder – Collaborative – Motivational Talent Developer – Entrepreneurial

Board of Directors Experience

Aeon Top Value (ATV), subsidiary of $72 billion Aeon Co., LTD

Daymon Worldwide 10% investor

DAYMON WORLDWIDE, INC., Stamford, CT 2012 – 6/2018

$1 billion global company operating in 35 countries with 40,000 associates and leader in consumables retailing, private brand building, experiential consumer marketing and innovative retail-driven services. Company sold to Bain Capital in March 2017 (www.daymon.com)

Chief Financial Officer (2015 – 2018)

Chief Accounting Officer & Treasurer (2013 – 2015)

VP, Finance (2012 – 2013)

In positions of increasing responsibility, ultimately led a 250-person organization and as the most senior financial executive in the organization provided counsel to the leadership team on strategic and high impact operating decisions. Responsibilities spanned Finance, Treasury, IT and Legal as well as a matrix relationship with HR.

Following the buyout of the founder, managed ESOP valuation and administration, refinanced bank debt, transformed the financial infrastructure and prepared the company for a successful sale

to Bain Capital in March 2017

Financial Performance

Instrumental in growing the company’s revenues and EBITDA by 30% from 2013 to 2016

Through refinancing of 3 credit facilities, continuously improved covenant terms and reduced interest rates

With the CEO, led the sale of the company to Bain Capital for $326 million equity value, delivering a significant share price premium to the shareholders

Financial & Administrative Operating Infrastructure

Identified, acquired and implemented systems and software solutions that provided critical financial and operational information including JD Edwards and Hyperion

Converted from cash accounting to accrual accounting method required by the banks for quarterly financial statement reporting

Professionalized internal financial management through instituting a formal budgeting process, monthly financial and operational reviews, project management tracking including ROI analysis, and cash management system with monthly cash flow analysis resulting in reduced spending, improved project returns and reduced carrying costs

Outsourced non-core finance functions including Payroll (ADP) and Accounts Payable (Cognizant)

Established Procurement function with a formal RFP process that resulted in annual 7-10% savings on addressable indirect spend

Restructured the Legal and IT departments balancing internal and external (outsourced) resources

Talent Management

Hired, trained and developed finance and procurement executives who drove company’s transformation

M A M CONSULTING, Lewisville, NC 2001 – 2012

Firm providing general management analysis and financial due diligence to senior management and Board of Directors of existing and emerging food and various service

President & Principal Consultant

In successive executive management roles, provided an outside perspective,

strategy and execution for startups, turnarounds, and expanding/growth companies

KEY ENGAGEMENTS

Independent Purchasing Cooperative (IPC)

Director of Bakery, Beverage and Snacks (2009 – 2012)

Coca-Cola Company, Odwalla Division (2006 – 2008)

National Director of Foodservice

Compass Group, Americas, Foodbuy Division (2004 – 2006)

VP Beverage Analysis

VIAD Corporation, GES Exposition Services Company (2002 – 2003)

VP & GM, Orlando/Atlanta

Hasbro, Inc., Games.Com Subsidiary (2001)

GM & CFO

COCA-COLA COMPANY, Atlanta, GA 1990 – 2000

World’s largest beverage company and most recognizable brand with a distribution system spanning 200 countries

Coca-Cola USA Foodservice Division, Northeast Region

General Manager, Northeast Division (1997 – 2000)

Reporting to the VP of the Northeast Region & the Northeast Group VP of Coca-Cola Enterprise (CCE), responsible for $60 million in sales for Coca-Cola foodservice local market trade channels. Led 11-person team and provided indirect supervision of bottlers’ and independent distributors’ immediate consumption sales forces.

Grew sales 20% over a 3-year period, driving substantial profit and margin improvements

Strategic Planning: Developed 5-year accelerated strategic plan based on an immediate consumption strategy with local market execution, customized promotion calendars, and sales incentive programs

Coca-Cola & Bottlers’ Operating Profit: 15% YOY

Marketing Program Sales Increase: 35% over 3 years

Distribution Expense Reduction: $5 million

Director of Operations, Northeast Division (1993 – 1996)

Reporting to VP of Operations, responsible for $30 million regional foodservice distribution, service, capital and operating budgets. Led 25-person team and provided indirect supervision of bottler and independent field operation organizations.

Controller, Northeast Division (1990 – 1993)

Reporting to the VP of Finance, responsible of financial operations for $300 million Fountain division.

EARLIER CAREER

Held positions as Division Controller for Pepperidge Farm/Campbell Soup as well as Controller for 3 separate Pepperidge Farm business units including Bakery, Food Service, the North Atlantic Bakery Division. Also, served as Manager of Corporate Operational and Financial Analysis for Wyeth (acquired by Pfizer) and participated in the Financial Management Program of the American Can Company.

EDUCATION

MBA, Marketing & Management, Fordham University

BS, Accounting, Fordham University

Continuing Professional Education

Harvard Business School – Northwestern University J.L. Kellogg Graduate School of Business

Miller Heiman – Arthur Anderson and Company – Coca-Cola Company



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