Financial Executive
Resume:
FRANK R. TRACY
***** ******** ****** **., #***
Bowie, MD 20716
***********@*****.***
CFO / VP FINANCE - CORPORATE CONTROLLER
Business Strategies / Performance Improvement
P&L / Financial Reporting / Cash Flow / M&A
Cost Control Joint Ventures & Alliances
Banking / Startups & Turnarounds
Systems Initiatives
A strong record of personal accomplishment in
accounting/finance, operations and planning built
atop experience in engineering, manufacturing,
R&D and project management. Managed successful
growth initiatives and turnarounds in consumer
goods, robotics/laser systems and building
trades, among others. Can contribute quickly
by:
-Developing and executing strategic growth plans
-Reorganizing operations for better performance
-Strengthening financial reporting and cost
controls
-Improving profits and increasing shareholder
value
Have strong analytical and technical abilities
combined with practical problem-solving skills.
Been described by others as fair-minded,
determined, energetic and hardworking. Education
includes an MS in Finance/Operations Research
(ranked #1 in graduating class) from Case
Western Reserve University and a BSME from Cleveland
State University.
SELECTED ACCOMPLISHMENTS
Led major project to successful completion.
Synthetic Materials dewatering construction
projects were out of control and falling behind
schedule. Recruited by CEO to apply business
experience and financial discipline at project
level. Improved controls and reporting across-
the-board. Completed project on time and on
budget.
Engineered turnaround at $240M OCedar. Recently
acquired $240M OCedar brand was struggling.
Recruited by Board of Directors as CFO,
collaborated with new CEO to develop plans for
quick turnaround. Installed new controls and
restructured operations, reversing 10% EBITDA
loss to record 12% profit in 18 months.
Strategic plan produces 230% growth. Hobart
Bothers (HB) needed stronger management.
Recruited to bring public company discipline to
a large, family-run business. Developed and
implemented five-year strategic plan with M&A
program, benchmarking and improved reporting.
Sales grew from $150M to $350M in eight years.
Spearheaded $90M joint venture. HBs Advanced
Systems Group, a robotic systems manufacturer,
had joint venture opportunity with Japan-based
Yaskawa Electric. Developed and directed the
finance, manufacturing and administrative
functions of alliance that grew from $8M to $90M
in six years.
New controls reverse $12M loss. HBs Motoman,
Inc. unit was losing $1M pre-tax every month.
Installed stronger financial controls and
upgraded reporting. Centralized finance function
to reduce department payroll 24% Implemented
company-wide cost reduction program to increase
margins 2%. Turned loss into $1M monthly profit.
Managed profitable startup. Recognized business
opportunity in home improvement market.
Established regional franchise in closet
organization, office, storage and work area
systems in southern Ohio. Managed finance and
accounting as well as operations. Steadily built
sales to $2M annually at 10% over seven years.
CAREER HISTORY
Business Manager, Synthetic Materials LLC, 2008-
2010. Contributions in finance, planning, budget
analysis procurement and cost control as part of
$2B utility upgrade. Managed project to on-time,
on-budget completion.
CFO/Partner, The Closet Factory, 1997-2007.
Startup home improvement firm specializing in
custom closets, office, storage and work area
organization systems. Recession/scarcity of
financing forced orderly shutdown.
CFO, OCedar/Vining Household Products, 1995-
1996. Reorganized financial operations and
developed capital restructuring and refinancing
plan. New controls led to 22% profit improvement.
CFO, Hobart Brothers Company, 1987-1995. $350M
diversified, high tech manufacturer. Turned
around Motoman, unit, served as corporate-level
Director of Strategic and Operations Planning and
Chief Financial & Administrative Officer of
Advanced Systems Group.
Earlier: Gould, Inc., the electrical products
manufacturer, General Tire & Rubber and Cleveland
Steel Specialty.
Personal: Awarded US Patent #4,057,092 for
Pneumatic Tire Use When Deflated. Play regular
golf.
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