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Project Manager, Director of Finance, Director of Internal Audit

Columbus, Ohio, 43220, United States
March 10, 2011

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Paul J. Maynard

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

Columbus, OH 43220

Home (614) ***-****

Cell (614) ***-****

SUMMARY: Senior financial manager, CPA with extensive experience in Fortune 25 Automotive, and Fortune 500 Packaging, Health Care products, Health Care Facility and Assisted Living Housing, Aviation Design, B2B and EDI Software and Consulting industries. Excel at profit improvement through effective resource management. Exceptional accomplishments in improving cash flow. Reputation for unquestioned integrity, outstanding organizational collaboration, problem solving, dealing with tough issues, team building and internal business administrative skills. Merger & Acquisitions and Bankruptcy experience. Strong background in cost accounting, real estate partnership accounting and taxation, financial and SEC reporting, Sarbanes-Oxley compliance and investor relations.


• Financial and Operations Contract Executive,

Columbus, Ohio. 10/08 – Present

Selected Accomplishments by Client:

• Financial and Operational Consultant for a $60 million supplier of industrial pumps. Project includes a review of BPCS documentation of inventory procedures and process control improvements, including necessary revisions to process’s in order to reinstitute their suspended cycle count routines. Presented management with means to avoid $160m in inventory adjustments and further control of $168m that was not accounted for at any particular point I time.

• Financial and Operational Consultant for an $80 million Tier I automotive supplier of stamped and welded components. Project includes a review and documentation of costing models and resulting recommendations for improvements

• Financial and Operational Consultant for a $40 million supplier of industrial pumps. Project includes a review and documentation of inventory controls and procedures and resulting recommendations for improvements.

• Treasurer and Chief Financial Officer for an entity that maintains a continuing care retirement facility on a 31 acre campus with a 163 bed health care facility, 88 assisted living units and a 90 unit independent living facility. Project included oversight and direction of an initial and three amended Forbearance

P. Maynard- Continued

agreements with the banking group, while managing cash flows during entire process; prepared all schedules and bankruptcy filing documentation; researched

accounting for TIF obligation, resulting in reductions in the debt obligation and related real estate and interest expense reductions of nearly $400,000.

• Financial and Operational Consultant for a $200 million supplier of components and systems for commercial and retail refueling. Projects include a review and documentation of inventory controls and procedures for three

operating units, whereby reducing quarterly inventory adjustments from high 6 figures to nearly 4 figures; review of warranty reserves and select SOX testing.

• Sr. Corporate Director of Internal Audit

The Cooper Companies, Inc., Pleasanton, CA. 10/03 to 10/08

Managed the entire Sarbanes-Oxley compliance program for this $1 billion, multi-national healthcare products company, with 9 entities/locations in scope, and numerous Operational audits. Identified and assisted in remediation of a material weakness and numerous significant deficiencies.

• Financial and Operations Contract Executive,

Columbus, Ohio. 5/2000 – 9/2003

Selected Accomplishments by Client:

• Financial Consultant for Sterling Commerce, Inc. (a wholly owned subsidiary of SBC Communications, Inc.), a $540 million provider of business-to-business (B2B) commerce solutions to companies of all sizes. Provided assistance in research of revenue recognition and software development cost accounting issues

and preparation of audited, quarterly financial statements for the past 3 years.

• CFO for Newcor, Inc., a $260million Tier II, nine plant public automotive

supplier in metal cutting, injection molding, and capital equipment manufacturing.

• Improved cash flow through the sale of excess assets resulting in the generation of $900,000 cash.

• Renegotiated consulting contracts realizing an annual savings of $95,000

• Renegotiated IT consulting contracts saving $500,000.

• Business Unit Controller, Siemens Energy & Automation Division, a $280 Million, public multi-national manufacturer of circuit protection devices. Served

as Business Unit Controller, IT Manager, and internal consultant to the General Manager.

• Director of Finance/ CFO, Snow Aviation, Inc., an Aviation Design Engineering and Modification company. Manage the day to day financial

P. Maynard- Continued


• Prepared $100 million debt and equity private placement.

• Prepared five year financial projections.

• Provide consulting support relative to governmental FAR and DCAA issues.

Director of Finance/CFO

Liqui-Box Corporation, Worthington, Ohio. 8/98-4/2000

$165 million public company in the Specialty Packaging business with domestic and European operations. Managed eleven plants. Directed all Finance, Human

Resources, Customer Service and IT Functions.

Selected Accomplishments:

• Successfully managed all Y2K, IT compliance issues.

• Rewrote raw material pricing clauses in customer contracts allowing company to

pass through raw material cost increases.

• Instituted a deferred compensation program.

• Increased revenue $1.4 million with major customer through negotiation of a “Bill & Hold”agreement. This one contract also impacted operating profits and improved employee profit sharing.

• Increased profits through effective internal negotiations enabling price increases.

• Negotiated $400,000 cash return from ESOP.

• Served as liaison with outside auditors, lawyers, bankers and insurance brokers.

• Upgraded company retirement programs through an effective bidding process from new vendors.

Treasurer/Chief Financial Officer

Tenneco Packaging/Pressware, Inc., Columbus, Ohio. 3/87-7/98

Managed all accounting and administration functions for this $55million manufacturer of specialty pressed paperboard food trays, with domestic and

European operations. Supervised 11 associates in Finance and Customer Service.

Selected Accomplishments:

• Designed and installed profit sharing and 401k plans.

• Served as liaison with outside auditors, lawyers, bankers and insurance brokers.

• Renegotiated insurance contracts resulting in annual savings of $90,000.

• Implemented “Shortfall Clauses” in all contracts effectively protecting the company from risk, resulting in cash savings of $245,000 in one year.

• Effectively managed the implementation of a “Cost of Quality Program”

realizing significant cost reductions.

P. Maynard- Continued


• Audit Manager, PricewaterhouseCoopers, Detroit, MI and Columbus, OH. 6/73-2/87

Managed clients in service, government (agencies and municipalities), college

and universities, automotive, banking, manufacturing, real estate, and not-for-

profit industries and in SEC and other governmental compliance areas.

• Key audit clients included Ford Motor Company, ChemLawn Services Corporation, The Ohio State University (and related entities), and Cardinal Industries, Inc.


Eastern Michigan University, Ypsilanti, Michigan. BBA, Accounting Major



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