Jonathan Gorman Email
Resume:
Jonathan S Gorman
********@*****.***
Wayzata, MN 55391
THERMOFISHER SCIENTIFIC (NYSE: TMO)
August 2005 – May 2009
Process Instruments Division – Weighing and Inspection
Minneapolis, Minnesota
Finance Director (CFO)
• Business Partner to General Manager and Senior Financial Executive of a +$100M scientific instrument business.
• Prepared all financial reporting, forecasts and budgets. Responsible for the controllership and internal controls of 17 sites across the globe. Lead 30 Person Global Finance and Accounting Team, with direct reports in US, Latin America, Europe, Asia and Africa.
• Consolidated manufacturing sites and sales offices, separately carved-out and sold-off 2 businesses, managed 2 joint ventures (Mexico and China), and moved manufacturing of 2 product lines from the US to Shanghai, China.
• Dramatically improved business intelligence reporting through enhanced ERP investments, the implementation and integration of Salesforce.Com and upgrading an underperforming finance organization.
Financial Contributions (Estimated 2008 vs. Annualized Q2 2005)
- Improved Gross Margin by 8% and Earnings Before Taxes by 6% through improved pricing discipline, product and manufacturing consolidation, enhanced business reporting and productivity initiatives.
- Improved Working Capital by $6M (15%) through disciplined focus on collections and customer negotiations, inventory control and other best practices.
- Improved Contributed Value per Head by $34K (24%) through productivity initiatives and limiting headcount.
- Reduced time-to-close from 10 to 5 days (50%) through improved processes and financial system improvements.
HONEYWELL INTERNATIONAL (NYSE: HON)
August, 2002 – August, 2005
Automation and Control Solution Services
Minneapolis, Minnesota
Global Director of Finance Excellence (Six Sigma Leader)
• Partnered with business unit CFOs to implement common financial processes to reduce time to close, improve financial reporting and reduce finance costs by 5%.
• Developed a global staff of 5 black-belts and lean experts in the United Kingdom, Czech Republic, Russia, Belgium and Hong Kong.
• Teamed with leaders of the 3 other Honeywell Strategic Business Units (Aerospace, Specialty Materials & Transportation Systems) to develop a first-ever training program in lean accounting practices.
• Acquired extensive global exposure and the critical financial process experience necessary to lead a global finance organization.
Global Director of Cash Flow Management
Honeywell Building Solutions
• Lead a global team dedicated to improve working capital for the Honeywell Building Solutions Business (Revenue $1.8B).
• Worked with business leaders in Europe, America and Asia-Pacific to identify innovative methods and process improvements to improve performance in accounts receivable, inventory and accounts payable.
• Awarded the Honeywell Quest for Excellence Award for process improvements resulting in over $50M in free cash flow – leading the first finance team to win the award.
Financial Contributions
- Improved working capital by $58 Million (24%) and working capital % revenue by over 2 points (21%);
- Reduced past due accounts receivable by $36M (26%) and past due percentage by over 6 points (16%);
- Improved DSO by over 4 days (5%) and cash conversion by 22 points (18%) to over 140% of Net Income;
- Offset a significant revenue and income shortfall to achieve over $150M of Cash Flow.
Jonathan S Gorman
********@*****.***
INTUIT (NASDAQ: INTU)
April, 2001 – August, 2002
Mountain View, California
Finance and Corporate Systems Leader
• Initiated an all-new six sigma organization supporting the Corporate Finance, Operations and Sales Organizations. Mentored, developed and provided advanced statistical support and analysis for greenbelts, management and colleagues.
Financial Contributions
- Improved profitability by $400,000 per year as a result of process and policy changes to the retail software returns process.
- Improved retail channel delivery speed by identifying process weaknesses and driving the improvement of on-time and complete deliveries to Intuit product retailers.
GREENLIGHT.COM (Privately Held)
April, 2000 – February, 2001
Livermore, California
Director of Pricing
• Recruited by venture capital firm, Kleiner-Perkins (KPCB), to improve profitability and provide experienced leadership to their well-funded internet start-up developed to sell new vehicles on the internet.
• Developed and implemented all vehicle-pricing strategies. Negotiated with regional sales managers and dealer-partners to ensure competitive on-site pricing.
• Created and executed vehicle merchandising programs to increase sales volume and gross margin through Internet banner advertisements, co-branded advertisements at Amazon.com, print and web, print and dealer-based promotions.
• Teamed with web-designers to provide customer friendly web interface and best-on-web ‘build your vehicle’ engine.
• Awarded Forbes Magazine 2000 Best of the Web for vehicle pricing¸ accuracy and ease of use.
Financial Contributions
- Increased average margin from $(800) loss per vehicle to over $150 per vehicle while achieving volume growth targets and dealer-partner profitability targets.
GENERAL ELECTRIC CAPITAL CORPORATION (NYSE: GE)
April, 1998 – April, 2000
Automotive Financial Services
Barrington, Illinois
Global Director of Operational Analysis (Director of FP&A)
• Prepared all financial reporting as well as the short and long-range financial forecasts (Session 1 & Session 2) for the worldwide Automotive Financial Services unit of GE Capital.
• Evaluated the business’ capital structure for funding requirements and match-funded new loan and lease receivables to achieve the most optimal cost of funds.
• Managed staff of six and implemented new finance processes incorporating GE’s six-sigma quality tools and best practices learned at Ford Motor Company.
• Developed new advanced probabilistic models to forecast business profitability and assess acquisition candidates.
• Awarded GE Management Award for outstanding contributions and performance.
Financial Contributions
- Achieved greater than 25% annual profit growth in 1999 through improved asset & debt management, pricing opportunities, risk analysis and cost reduction.
Jonathan S Gorman
********@*****.***
FORD MOTOR COMPANY (NYSE: F)
April, 1990 – April 1998
Dearborn, Michigan
Ford Automotive Operations
Finance Staff - New Markets and Associations
• Created long-range business plans and annual budgets for newly established manufacturing facilities in Southeast Asia. Reviewed market sales, profits and other market-related issues with the Vice Chairman of Ford Motor Company.
• Traveled throughout Southeast Asia to train local nationals in financial reporting and analysis and support on-site / local management. Developed transfer pricing and presented new product proposals and aggressively promoted each market's products for Import/Export consideration.
Finance Staff - Automotive Cost Leadership
• Selected by senior management to be a leader of a cross-functional "SWAT" team assembled to identify and implement unorthodox cost reductions through value analysis, benchmarking and supplier negotiations.
Financial Contribution
- Implemented lifetime cost savings worth over $2 billion.
Profit Manager (FP&A) - Heavy Truck Division
• Prepared financial forecasts, budgets and earning analysis and reports for the Heavy Truck Division ($2 billion in annual revenues). Finance lead for the successful sale of the Heavy Truck Division to Freightliner Corporation. Prepared all financial documents included in the filing with U.S. Department of Justice.
Financial Contribution
- Achieved $30 million year-over-year profit improvements in both 1996 and 1997.
Finance Manager – Global Diesel Engine Finance
• Finance leader for the diesel engine program for medium (F250) and light-duty (F150) commercial trucks ($1 billion annual cost). Led supplier negotiations, engineering workshops and competitive benchmarking.
Financial Contribution
- Implemented 5-year cost savings worth over $245 million.
Senior Staff Analyst - Advanced Vehicle Programs
• Managed $2 billion emission compliance budget. Developed the cost of compliance for enacted and proposed vehicle-emission legislation. Counseled senior management and corporate lobbyists on emission-related issues.
EDUCATION
UNIVERSITY OF MICHIGAN
Ann Arbor, Michigan
Graduate School of Business Administration (1990)
• Graduated with distinction -- concentrated in accounting and corporate finance.
• Taught two semesters of introductory financial accounting to undergraduate students.
Undergraduate School of Business Administration (1988)
• Graduated with distinction -- concentrated in finance and accounting.
• Chancellor (President) and Founding Father – Tau Epsilon Phi Fraternity.
CERTIFICATIONS AND AWARDS
• Certified Public Accountant (CPA) – Passed Exam on First Attempt
• Certified Six Sigma Black Belt (2002)
• Certified Six Sigma Green Belt (1998)
• Honeywell Quest for Excellence Award (2003)
• General Electric Management Award (1999)
• Ford Motor Customer Driven Quality Award (1993)
Contact this candidate