P a g e *
Robert Schoengold
adjg1k@r.postjobfree.com linkedin.com/in/rob-schoengold
Charlotte, NC 704-***-****
A proven leader with extensive financial and operational experience to develop and execute business transformations. Strong capacity to analyze data and processes that lead to a concise understanding of problems and the development of creative solutions. Skilled at managing complex projects across teams/ executive management that deliver exceptional results.
• Strategic planning and FP&A • Internal Controls, SOX, and cost accounting
• M&A and post-acquisition integration • Treasury, financing, leasing, and risk management
• Restructuring and portfolio alignment • Operations and project management execution
• New product introductions • Commercial finance management INDEPENDENT TRANSFORMATION CONSULTANT – leading a finance transformation and integration project for a $3.6B division of a consumer product company.
• Streamlining banking, Intercompany AP/AR, financial reporting structures and processes across multiple divisions in an SAP/BPM environment to improve financial controls, reduce intercompany transactions, and consolidate supplier information for supply-chain leverage.
• Reconciled a $10M accounting issue prior to September year-end close. Sep 2020 –
Present
SANMINA - $8.2B EMS and products subcontractor to OEM’s in the Defense & Aerospace, Medical, Industrial, and Communications Markets
VP Finance and Controller, Components, Products, and Services – responsible for P&L, working capital optimization, CAPEX investment, and compliance/audit for five divisions contributing $1B sales. Feb 2019 –
May 2020
• Collaborated with divisional leadership to improve gross margin from 9% to 11%. Implemented weekly KOI tracking resulting in record reductions of past-due AR to 3% and inventory supply days improved by 20%.
• Turned around server storage business from ($10M) OP to break-even with a focused, and profitable pipeline.
• Developed focused goals/objectives with a staff of five direct reports (director level) and extended plant controllers/staff (25 employees) with the Finance Roadmap continuous improvement tool.
• Established a company-wide audit PBC quality function to ensure controllers are submitting the correct sample data to external/internal auditors for testing. Audit phases completed on-time and within budgeted hours. INDEPENDENT FINANCE AND OPERATIONS CONSULTING
Consultant, Nortek Security, and Control – $500M security, access, and home control products. Sep 2018-
• Modeled/presented supply-chain plan to private equity management avoiding $30M annual China Jan 2019 tariffs. Partnered with operations to select, and relocate manufacturing to Flextronics. Interim CFO, Southeastern Metal Products – $30M privately-held metal fabrication company struggling May 2018- with profitability, cash flow, and solvency. Aug 2018
• Restated $2M earnings for 2017 and YTD 2018. Completed the 2017 financial audit for tax filings. Strategic Finance and Operations Leader
Budgeting Modeling Business Transformation Operational Excellence P a g e 2
• Implemented new controls to record missing liabilities and instituted a detailed cash forecast to manage payroll and to keep raw materials flowing from suppliers.
NORTEK (acquired by Melrose Sept 2016) – $2.5B diversified manufacturing company delivering air quality management solutions, security/control systems, ergonomic office equipment, and audio/video products. VP Finance and Operations, Air Management (HVAC) Segment – Finance leader for the combination of 2 underperforming divisions into a new $1B business segment. Partnered with business executives to create and present the plan to the private equity senior management. 2014 – 2018
2017 – 2018
• Developed strategy and validated +20 work-streams to combine two struggling HVAC business units into a $1B Group, resulting in a 2017 $25M Y/Y earnings improvement.
• Champion of the investment plan to develop a new data center BU. Established governance around the deployment of $25M Capex to modernize factories and drive a commercial product launch.
• Led the 2018 annual planning process for the Commercial HVAC business segment with new leadership. Sr. Director of Finance Excellence, Nortek HQ – Change agent improving business performance through transformational projects.
2014 – 2016
• Led restructuring governance across three business segments achieving $15M Y/Y earnings improvement.
• Managed IT, and cash integration for a $160M acquisition. Interim controller maintaining business performance, driving acquisition synergies of $2M, and financial policy harmonization.
• Authored Finance Handbook and Maturity Tracker to implement best-practice processes across the company.
• Built a corporate shared service center platform to centralize IT expenditures and technology management.
• Created the first Enterprise Risk Management (ERM) assessment. FLEXTRONICS - Global $25B electronic manufacturing service (EMS) provider. 2006 – 2014 Senior Director of Finance, Consumer Segment – Partnered with commercial leaders and a network of factories to manage customer portfolio, and business planning/development. 2008 – 2014
• Finance leader for global ~$3B segment responsible for annual budgets, monthly forecast, operational/ financial performance reviews. Advised the executive team on pricing, investment, and customer portfolio decisions. Consistently achieved 95-105% of target performance in this role.
• Led a $3B Google/Motorola acquisition and integration activities that covered three factories (China, Brazil, and Texas). Formed local due diligence teams, planned IT architecture, and streamlined finance functions. Managed complex local tax/customs processes, asset valuations, and wireless IP licensing agreements. Winner of annual CFO finance award for executing complex projects and achieving business results during the first year of operation.
• Exited $800M customer across four global manufacturing sites in 9 months and downsized $2B ODM computing business to restore segment profitability. Developed +$400M PC configuration business case in Hungary, earning
+30% ROIC for three years.
Controller, Charlotte, NC – Finance leader for a $400M high-complexity manufacturing operation and $50M NPI center. Planned and executed an operations consolidation, improving profit by $5M per year. 2006-2008
ADDITIONAL FINANCIAL ROLES IN START-UP & TECHNOLOGY 1991-2005 MASTERS OF BUSINESS ADMINISTRATION, Santa Clara University, CA – Corporate Finance emphasis BACHELOR OF SCIENCE, San Diego State University, CA – Production Operations Management ERP experience: Oracle, JD Edwards, 4th Shift, Baan, and SAP Planning/Reporting systems: OneStream, Hyperion, Lawson, Cognos, and Outlooksoft Interests: Conversational Portuguese; enjoy running and other fitness activities (F3 Charlotte member)