VP - Finance

Charles O. Boyles, CPA

**** **** **** ******

Naperville, IL 60564

********@*****.*** 331-***-****

Executive Summary

Dynamic finance executive with over 20 years of experience leading financial operations for multinational manufacturing and distribution companies with revenues exceeding $350 million. Recognized for driving profitability, cash flow, and enterprise value across North America, Europe, and Asia-Pacific. Achievements include delivering more than $100 million in incremental revenue, reducing costs by over $90 million, and leading complex turnarounds, mergers and acquisitions, and ERP implementations. Excels at building worldclass finance organizations, partnering with CEOs and boards, and guiding companies through rapid expansion and transformation.

Areas of Expertise

Strategic Financial Management & FP&A

Global Operations & Multinational Leadership (United States, Mexico, Canada, China, Slovenia, Netherlands, Turkey, Australia, United Kingdom, Japan, Hong Kong)

Manufacturing Finance & Supply Chain Optimization

Mergers, Acquisitions & PostMerger Integration

Cost Reduction & Profitability Improvement

Transfer Pricing & International Tax Structuring

Risk Management, SOX Compliance & Internal Controls

ERP & Business Intelligence Implementation (JDE, SAP, PeopleSoft, Phocas)

Team Leadership & Talent Development

Education & Credentials

Bachelor of Business Administration, Accounting – James Madison University, Harrisonburg, VA

Certificate in Information Systems – Virginia Commonwealth University, Richmond, VA

Program for Management Development – University of North Carolina, Greensboro, NC

Certifications

Certified Public Accountant (CPA)

Certified Information Systems Auditor (CISA)

Systems

SAP, PeopleSoft, JD Edwards, Oracle, Baan, QAD, BPC, Phocas, PRMS

Professional Experience

Vice President – Finance, Globe Union Group

Woodridge, IL 03/2021 – Present

International manufacturer and distributor of toilets and faucets; annual revenue $350 million.

Lead a 37person team overseeing general accounting, finance, IT, risk management, accounts payable, credit & collections across United States, Mexico, and Canada.

Collaborated with the executive team to implement price increases exceeding $40 million to offset inflation from ocean freight, commodity, and FX pressures.

Restructured product liability claims into a singleoccurrence program, securing a $7.5 million reimbursement.

Optimized transfer pricing among Mexico, Taiwan, and the United States, producing $3 million in annual savings.

Implemented the Phocas Business Intelligence platform, improving budgeting accuracy and forecasting.

Revamped cost accounting and transfer pricing processes, enabling variance analysis and corrective actions.

Generated comprehensive profitability reports that guided strategic pricing, customer allocation, and divestiture decisions, including the sale of an inactive brand for $2.5 million cash.

Developed and implemented a crossfunctional excess & obsolescence program, preventing potential charges exceeding $1.5 million.

Strengthened internal controls via “SoftSox” training and redesigned finance organization to improve reporting.

Partnered with the Mexican Finance Director to enhance production reporting, bills of materials, work order variances, yield performance, and monthend close.

Member of the parent company managing board; cowrote fiveyear retail growth strategy.

Acting Chief Financial Officer / Vice President – Finance & Controller, Fluidmaster, Inc.

San Juan Capistrano, CA 12/2008 – 03/2021

Global manufacturer and distributor of plumbing products; annual revenue $300 million; operations in United States, Mexico, China, Slovenia, Netherlands, Turkey, Australia, Canada, and the United Kingdom.

Directed finance and accounting operations for a 50person team across nine countries, overseeing general accounting, cost accounting, collections, accounts receivable, payroll, taxes, accounts payable, and financial reporting.

Contributed as part of the executive leadership team that doubled net sales and increased EBITDA by 750% over twelve years.

Managed financial due diligence and integration for seven European acquisitions, adding $13 million EBITDA; integrated reporting within one month postclose.

Partnered with the European CMO to unify European operations into a single global entity, reducing costs and growing sales.

Served on the IT Steering Committee implementing JDE ERP across eight countries under a “one company, one way” model.

Developed global reporting packages and operational metrics to control spending and optimize production.

Implemented SAP Business Planning & Consolidation (BPC) and conducted customer and product cost analysis to support pricing and margin targets.

Created an insurance captive and Ireland technology company to generate over $1 million in tax savings.

Designed a currency hedging strategy delivering $6.5 million in FX savings and formal preventive maintenance program for molds.

Improved accounting functions at headquarters and international locations, achieving a threeday financial close, enhanced internal controls, and accurate reporting.

Instituted a “SoftSox” selfassessment program across all locations to strengthen internal controls and SOX compliance.

Vice President – Finance & Corporate Controller, Alphatec Spine

Carlsbad, CA 01/2007 – 12/2008

Public medical device manufacturer of spinal surgery implants with revenue of $100 million, serving United States, Japan, and Hong Kong.

Managed a 13person finance operation responsible for financial analysis, general accounting, credit & collections, SEC reporting, payroll, consolidations, accounts payable, and accounts receivable.

Established comprehensive profitability reporting by customer and product line.

Overhauled inventory costing and excess & obsolescence processes, delivering $1.5 million in cost reductions.

Streamlined processes, reducing headcount while decreasing bad debt reserve by over $500 thousand.

Strengthened SOX compliance, produced the company’s first 10K, and supported a secondary offering raising $32 million.

Presented key accounting positions to the audit committee and improved auditor relations.

Vice President – Group Controller, Teleflex / Corporate Controller, Hudson RCI

Research Triangle Park, NC / Temecula, CA 03/2003 – 12/2006

International manufacturer and distributor of medical devices; annual revenue $800 million.

Led a 35person operation overseeing general accounting, cost accounting, collections, rebates, payroll, SEC reporting, accounts payable, fixed assets, and maquiladora accounting in Nuevo Laredo, Tecate, and Ensenada (Mexico).

Advocated consolidation of Hudson RCI headquarters and manufacturing into existing Teleflex entities, executing a plan that delivered over $30 million in annual savings.

Played a leadership role in the marketing and sale of Hudson RCI to Teleflex.

Developed a strategic plan and implemented key performance indicators that reduced the close to two days.

Designed SAP cost accounting reports to highlight variances and trained management on costaccounting practices.

Corrected internal reporting for a business line, increasing net income by $1.5 million.

Established disclosure processes for SOX section 302 and documented financial controls for section 404.

Controller, 24 Hour Fitness, Inc.

Carlsbad, CA 07/1999 – 03/2003

Operator of 300 fitness centers across 15 states with revenue of $900 million.

Managed a 100person finance organization covering general accounting, revenue accounting, tax, fixed assets, accounts payable, payroll, commissions processing, and HR information systems.

Developed a new financial reporting package and delivered training to executive teams using the PeopleSoft ERP system.

Enhanced commission processing for 20,000 employees, reducing error rate from 15% to 0.2%.

Developed key performance indicators aligning employee activities with strategic objectives.

Created an employee leasing company yielding $4.5 million in annual savings.

Consolidated a $100 million acquisition for $1 million annual savings; outsourced property tax and telecom invoice processing for additional $500 thousand in savings.

Reduced monthend close by 15 days while improving financial statement integrity.

Reengineered monthend and payment processes, reducing headcount 15% amid a 250% revenue increase.

Implemented PeopleSoft Purchasing, Time & Labor, Projects, and Asset Management modules.

Director / Manager, Internal Audit, Fortune Brands, Inc.

Deerfield, IL 04/1997 – 07/1999

Directed an 11person audit department for a $5.2 billion holding company (subsidiaries include Jim Beam, Geyser Peak, Titleist, Cobra, Moen, DayTimers, Masterlock, Kensington, Swingline, Aristokraft and ACCO).

Conducted financial, operational, and system audits across North America, South America, Australia, and the Far East, achieving annual cost savings over $2 million.

Reduced department headcount by 35% while maintaining quality and completing 80 audits annually.

Utilized cosourcing to lower costs and implemented Auditor Assistant and ACL software to standardize audits.

Performed integrated audits on SAP, Oracle, and PeopleSoft implementations; participated in four acquisitions adding $150 million revenue.

Cost & Customer Accounting Manager, AmeriGas

Valley Forge, PA 03/1995 – 05/1997

Led a 30person department managing cost accounting, payables, accounts receivable, and wholesale/national accounts for a $1 billion propane distributor operating through 600 offices.

Developed a propane delivery cost model identifying unprofitable customers and recommending delivery cycle adjustments, improving EBITDA by $750 thousand.

Participated on the hedging team, avoiding $15 million in potential price increases.

Designed and implemented a cost accounting system monitoring inventory across 600 retail locations and 100 storage facilities (approximately $500 million in annual inventory movements).

Implemented a national accounts system for summary billing, procurement card processing, and EDI billing; installed a wholesale system providing online pricing and inventory visibility.

Trained operations personnel at the Market Manager Training Institute on financial concepts; reduced annual close from 20 days to 2 days by integrating hedging data for forward cost forecasts.

Early Career

Controller, BradyTrane • Greensboro, NC 07/1994 – 03/1995

– Implemented financial reporting and profitability analysis (FRX and Platinum software) and developed inventory forecasting standards, reducing inventory investment by 50%.

Accounting & Systems Manager / Senior EDP Auditor, American Tobacco Company • Reidsville, NC & Richmond, VA 07/1988 – 07/1994

– Led activitybased manufacturing analysis saving more than $30 million and realized $2 million annual cost savings through operational audits.

– Implemented the Marcam MRP system and developed budgeting and cost accounting modules; assisted in the sale of the company to Brown & Williamson.

Operations Analyst, Figgie International (Fortune 500) Richmond, VA 07/1987 – 07/1988

– Executed diverse projects for 32 companies, including due diligence for five acquisitions and integration of four companies; served as interim Controller/CFO during transitions.

EDP Auditor, Circuit City Stores, Inc 07/1985 – 07/1987

– Programmed the company’s pointofsale system for taxes and commissions; participated in payroll, HR, financial, and advertising system implementations.

– Established the first EDP audit function; used AS/400 queries to identify duplicate payments and improper customer writeoffs, yielding significant savings.

Contact this candidate