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Senior Financial Executive

Location:
United States
Posted:
September 14, 2009

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Resume:

H. KEITH FUGLAAR

913-***-**** (primary) • 319-***-**** (mobile) • mvg8om@r.postjobfree.com

***** ***** **. • Overland Park, KS 66221

CFO / VP FINANCE

Senior financial executive with MBA and 20 years of dynamic accounting and finance experience spanning international business operations in public, private and private equity companies. Proven track record of developing the people and processes necessary to provide a proactive understanding of the underlying operational drivers of business performance. Provide the financial leadership, analytical framework and financial metrics to enable informed investment decisions, identify trends early, capitalize on opportunities and minimize risks. Strategic business partner with expertise in cash management, policy implementation, financial management, strategic planning, M&A, cost reduction and control, finance organization re-engineering, turnaround and transformation, profitability analysis and enhancement.

PROFESSIONAL PROFILE

CFO, VP Finance

ARC Automotive, a unit of Sequa Corp, Knoxville, TN 2007 – 2009

Overview: Top financial officer of this $300MM global auto parts manufacturing unit of Sequa, a $2B private equity owned diversified company. Directed financial activities of three international and two domestic manufacturing plants including preparation of consolidated financial statements, improvement of internal controls, and revision of written procedures. Position eliminated with consolidation of sister companies.

Specific Accomplishments:

 Designed and implemented effective cash management and financial controls to accommodate declining sales, while improving operating cash flow by over $3 million annually.

 Recommended changes in policies to reduce costs (travel, benefits, vacation and sick pay).

 Reorganized worldwide finance organization and processes to reduce costs by 30%.

 Standardized and simplified month-end close processes to reduce time-to-close by 1 week.

 Improved risk management by securing Accounts Receivable insurance and enforcing stringent policy on past dues that halted additional sales to customers with past due accounts.

 Ensured consistent methodologies of creation of standard costs among manufacturing locations.

 Improved visibility and awareness of working capital among staff to drive increased cash flow. Developed daily inventory reports and initiated inventory forecasts.

 Presented shutdown economics for Italian facility to Board of Directors.

Corporate Controller

HNTB Corporation, Kansas City, MO; Milwaukee, WI 2005 – 2007

Overview: Key financial officer of this $1B privately held engineering services firm. Worked with CFO to institute best practices and provided functional leadership to divisional controllers.

Specific Accomplishments:

 Began implementation of shared services organization for billing and collections as part of plan to improve cash flow.

 Increased awareness of operational results and flexibility to enact changes by instituting monthly forecast conference calls with divisional leaders.

 Coordinated Internal Audit and external auditors on Sarbanes Oxley readiness.

 Led the business planning process including the establishment of corporate-wide financial goals. Ensured alignment between strategic plan and annual operating budget.

Director, Financial Planning & Analysis

McLeodUSA (acquired by Paetec), Cedar Rapids, IA 2002 – 2005

Overview: Reported to CFO as member of turnaround team charged with developing a culture of financial awareness and accountability in this private equity controlled $800MM telecom company.

Specific Accomplishments:

 Implemented improved financial reporting and analytical processes, resulting in enhanced understanding and control of the company’s network costs and SG&A expenses.

 Developed various reduction-in-force and other cost reduction scenarios in efforts to align costs with revenue projections.

 Worked closely with investment bankers and restructuring consultants on strategic alternatives including potential sale of company. Organized, managed and executed due diligence activities.

 Successfully positioned Advanced Telecommunication Services (Cable, Telephone and Internet) unit for sale to private investors as part of restructuring plan.

 Led monthly Executive Leadership Team forecasts and reviews of operational and financial performance.

 Drafted Management Discussion and Analysis for SEC reporting and Investor Relations use. Provided analysis and commentary for quarterly analyst conference calls.

 Maintained budgets, interpreted financial results and recommended appropriate corrective actions. Generated financial models and analyses to support covenant discussions with lenders.

Corporate Manager, Strategic Financial Planning & Analysis

FedEx Corporation, Memphis, TN 1999 – 2002

Overview: Built and directed FP&A team with responsibilities for weekly earnings forecasts, Board of Director communications, competitor analysis, corporate development support, mergers and acquisitions and financial analysis for this $20B global transportation and logistics leader.

Specific Accomplishments:

 Prepared and presented several analyses to executive management that served as basis for key multi-million dollar savings initiatives (Employee Benefits, SG&A reductions, etc.).

 Managed weekly forecast process and presented results to CFO.

 Developed and implemented weekly forecast process for newly acquired companies. Improved financial reporting and analytical processes, tools and reports, resulting in enhanced ability to communicate with investment analysts and Board members.

 Responsible for financial projections, including creating and updating computer models to analyze possible acquisitions and new product development.

 Prepared and reviewed business cases supporting strategic business initiatives and capital investment.

 Served as finance lead for strategic product initiatives that crossed operating company lines.

Mobil Oil and Exxon Chemical Companies

New Orleans, LA; Edison, NJ; Houston, TX; Baton Rouge, LA 1989 – 1999

Overview: Increasingly responsible positions included Financial Analyst, Plant Controller and Planning Advisor. Experience ranged from joint venture accounting to business development to strategy formulation.

ACADEMIC CREDENTIALS

M.B.A., Finance, University of Tennessee - 1989

B.S., Petroleum Engineering, Louisiana Tech - 1986



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