BOB WEHMEIER

**** ********* *****, ********** **** 45230 adppku@r.postjobfree.com

(513) 309 - 8400

Experienced CFO, Senior Financial Executive, Effective Leader and Business Partner

AREAS OF PARTICULAR EXPERTISE

Strategic/Operational Resource Planning Accounting, Finance, IT, Purchasing and HR Financial Reporting and Analysis

External Relationship Management

Financing/Recapitalization

Internal Control and Process Improvement Mergers and Acquisitions

Turn-Around Leadership

PROFESSIONAL EXPERIENCE

JP OUTFITTERS - CINCINNATI, OH 2019-2021

Chief Financial Officer & General Manager

Senior Operational and Financial Executive for challenged start-up/re-launch

Responsible for the complete management of the organization

Oversight of Accounting, Finance, HR, Purchasing, Customer Service, IT and Warehouse & Fulfillment operations

Led implementation of WMS system and its integration with all other internal systems

Shepherded organization thru COVID-19 and re-structured/rebuilt departments post-COVID-19

Reduced cost structure thru renegotiating contracts to save company over $500k per year

Worked with high-risk lender to obtain additional funding for the business

UNDER THE WEATHER - CINCINNATI, OH 2016 - 2019

Chief Financial Officer

Senior Executive for a rapidly growing start-up company

Responsible for the oversight of Accounting, Finance, HR, IT plus Warehouse & Fulfillment operations

Led implementation of WMS system and its integration with all other internal systems

Introduced structure to an entrepreneurial start-up without harming company culture

Secured additional financing and working capital to facilitate rapid growth

FERCO AEROSPACE GROUP – FRANKLIN, OH 2013 – 2016

Chief Financial Officer

Senior Financial Executive for multi-site component supplier to aerospace market

Responsibilities included oversight of Accounting, Finance, IT, HR, Benefits, Risk Management and Purchasing

Led 3-year company turnaround increasing EBITDA from $618k to $4,366k, resulting in the sale of the company

Reorganized company reporting structure to improve efficiency and accountability

Authored/implemented business improvement plan to improve results and attract financing required to recapitalize

Recruited outside advisory board, improved staff competency through upgrading and strategic hires

Rescued failed ERP system implementation saving organization over $2M of related expenses

MIL-MAR CENTURY & VENTARI CORPORATIONS – MIAMISBURG OH 2011 – 2013

Chief Financial Officer

Senior Financial Executive for two government contractors with common ownership

Responsible for Accounting, Finance, IT, HR, Payroll, Benefits, and Risk Management

Oversight of all government FFP and variable price contracts and developed DCMA approved cost model

Led effort to restore DCMA audit approval for government payments increasing cash flow by over $1M per month

Improved accuracy, integrity and credibility of all financial data and reporting

Managed significant company downsize of 75% as a result of sequestration, wind-down of war effort, and loss of government contracts while maintaining profitability

Managed and negotiated foreign exchange hedge account

Downsizing of the company led to my moving to a better opportunity

CINCINNATI THERMAL SPRAY – CINCINNATI, OH 2009 – 2011

Controller

Financial leader for supplier of advanced coatings/surface modifications serving aerospace, power generation, industrial pump and valve industries

Managed accounting staffs across four geographic locations (OH, NJ, NC and TX)

Prepared location specific, corporate-wide financial statements and annual budget

Managed credit and collection process for all locations, maintaining DSO within 90 days target

Led project to reduce inventory levels at each location resulting in $8M improvement

Worked closely with President on evaluation of potential acquisitions, financial education for broader management team, development of strategic business model

Accepted this Controller role during time of severe economic crisis while continuing my search for a more senior opportunity

ERNST ENTERPRSES INC – DBA ERNST CONCRETE – DAYTON, OH 2006 – 2008

Chief Financial Officer

Senior financial executive for a multi-company, multi-state ready mix concrete manufacturer with peak sales of $140M

Improved consolidated financial reporting via enterprise-wide use of standardized software, chart of accounts and report formatting

Worked with Division Managers to prepare budgets, analyze results to plan and make operating adjustments

Oversight of like-kind (Sec 1031) transactions to maximize all available tax credits and incentives resulting in deferred tax gains of over $9M

Created stand-alone vehicle leasing company which saved company over $5K in sales tax per year

Company experienced severe business downturn when US housing market bubble burst eventually working out of my role as CFO as part of a workforce reduction

PM COMPANY – CINCINNATI, OH 2004 – 2006

Chief Financial Officer

Member of senior leadership team and corporate officer for privately owned corporation

Hired as part of turn-around team to restore company to profitability which was accomplished in 2 years

Reduced payroll and other costs to save company over 6% in Sales, G&A expense

Developed cash forecasting tool and profit models by customer and product line

Once profitable, managed the company sale process to completion. Sale resulted in elimination of my position

CONNECTOR MANUFACTURING CO – HAMILTON, OH 2002 – 2004

Vice President of Finance/CFO

Corporate officer for privately owned manufacturer of electrical connectors and related parts

Directed the on-going activities of finance, accounting and IT departments. Member of senior management and Executive Committee contributing to policy and strategic direction

Reduced working capital requirements from over $7M to less than $1M

Oversaw reduction in inventories by 30% without impacting customer satisfaction

Instrumental member of team which managed acquisition of a complementary manufacturer

KIRK & BLUM MANUFACTURING CO – CINCINNATI, OH 1992 – 2002

Corporate Controller

Controllership within sheet metal fabricator/construction contractor with plant locations throughout United States

Developed automated General Ledger reporting and billing systems to replace manual processing

Improved job and standard cost systems to reduce and better control variances and improve profitability

Created “percent complete” costing procedure for jobs in progress

Directed annual forecasting and budgeting process

WALLINGFORD COFFEE MILLS INC – Controller 1984 – 1992

THE CHRIST HOSPITAL – Internal Auditor 1980 – 1984

EDUCATION

MBA – Xavier University, Finance & Taxation Concentration, 1990

BBA – University of Cincinnati, Accounting and Operational Management, 1980

PROFESSIONAL DEVELOPMENT

Advisory Board – Waterfields, start-up grower of micro greens, micro herbs, edible flowers and specialty greens

Member – Association for Corporate Growth, CFO Roundtable Member – Goering Center, Executive Roundtable

Member - Financial Executives International, FEI

Mentor – Xavier University Undergraduate Mentoring Program

Board of Directors, Ohio Valley Voices School

Four Year Varsity Baseball Team Member, University of Cincinnati

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