25 + years of increasingly responsible financial positions leading to current position as Chief Financial Officer of a manufacturing corporation. Accomplished in all aspects of financial management in a manufacturing setting where emphasis is on the role as financial advisor to manufacturing team members to enable them to achieve operational excellence.
Areas of Expertise
o Product Costing o Planning, Analysis, Forecasting &Budgeting
o ERP Systems Implementation o Turnaround Situations
o Acquisitions/Divestitures/Joint Ventures o International Operations
o Defense, Aerospace and Automotive Industries o Lean Manufacturing Process
Eagle Manufacturing Group – June 2014-October 2014, Chief Financial Officer of a multi-state manufacturer of foundry products, fabricated metal products and precast concrete for the construction industry. Annual sales of $100 million.
Riley Gear Corp. (June, 2005-present) Chief Financial Officer and Human Resources Director of a multi-plant gear manufacturing operation supplying the defense, aerospace, energy and automotive industries - annual sales of $35 million. Manage all benefit programs and a union pension fund. Responsible for all financial, human resource, purchasing and information technology functions.
• Established inventory reduction program that improved cash flow and reduced tax liabilities
• Prepared forms for advanced payment requirements for naval destroyer gears supplied to the US Navy
• Managed special US requirements licensing for armament parts for Turkish subsidiary of BAE and for the supply of tracked vehicle parts for the Israeli Defense Force.
• Introduced budgeting and planning models for management and potential investors
• Revised standard costs and pricing models to reflect true cost behavior and prevent over-pricing
• Revised supply chain management procedures to pass TS-16949 registration and surveillance audits.
Sanderson Industries (Oct, 2003-May, 2005) Chief Financial Officer of a manufacturer of automotive parts, annual sales of $30 million. Responsible for all financial and treasury functions for the company.
EXIDE TECHNOLOGIES (May, 1998-Oct, 2003) Manufacturer of lead acid batteries, annual sales of $2.4 billion. Last position was controller of Global Recycling and Plastics at its largest point with 14 plants in four countries, annual sales of $350 million, supervising a staff of seven controllers and two staff accountants. Responsible for financial statements, budgets, strategic plans and internal controls.
• Evaluated the divestiture of smelting operations in the US and Europe. Convinced management to reconsider the value of the US smelters and prevented the sale of these assets at too low a price.
• Managed the installation of a new ERP system (JDEdwards) at four locations Updated standard costs and intercompany transfer prices for six US smelters enabling a more rational measurement of scrap costs at battery plants. This lead to projects that reduced annual scrap costs by over $500,000
• Prepared bids for government contracts to purchase scrap lead materials for recycling.
• Analyzed production scheduling as it related to product mix and customer needs to develop programs that lead to the reduction of 2/3 of the smelters’ finished goods inventories freeing up $10 million in cash.
PACTIV (formerly Tenneco) 1996-1998 Pactiv is a large international manufacturer of plastic and paper packaging products, annual sales of $4 billion. Controller of their West Coast specialty packaging operation in City of Industry, CA.
• Revised business models that understated the profitability of one of the company’s most profitable products, preventing serious strategic errors. Prepared analyses for major capital investment programs.
TECHNICOLOR OPTICAL MEDIA SERVICES (1994-1996) Technicolor – a major international producer of film, video cassettes, DVDs and compact discs for the entertainment and software industries, annual sales of over $1 billion. Controller of division that produced compact discs, supervised a staff of six. Duties included human resources administration and credit and collections.
• Set up the accounting operations for a new division - hired staff, installed a new general ledger system, established procedures for internal control, budgets, product costing, credit and collections.
• Established product costing for different product groups and worked with marketing director to develop product-pricing strategy that improved the bottom line by over $100K.
• Assessed the manufacturing cost behaviors unique to this business and created a forecasting model that accurately projected profits for the business.
PGP INDUSTRIES (currently Heraus) 1992-1994 Corporate controller for a privately held company with annual sales of $75 million and four locations. PGP is a recycler of precious metals and producer of chemical and metal products that use platinum group metals. Supervised a staff of eight.
• Developed a product costing system than analyzed the profitability of different product groups enabling management to address problems and adjust strategies.
• Installed a new computerized general ledger system.
• Detected serious flaws in the system of internal control of precious metals substantially reducing the theft of precious metal inventories belonging to customers.
JOHNSON MATTHEY, PLC (1983-1991) Johnson Matthey, based in London, England, is the largest refiner and producer of precious metals products including catalytic converters for automobiles, annual sales of $2 billion. Held various accounting positions starting as the Controller of the Chemical and Refining operations in the US eventually working in the UK as the Precious Metals Controller for the Global Precious Metals & Refining Division. Responsible for managing over $400 million of precious metal inventories in Europe, North America and Australia. Key player of a management team that turned around a failing business to profitability within four years. This period includes a break-in-service in 1987-89 as the CFO of Metalor USA, a company in the same industry where I helped manage the sale of a division to Swiss Bank Corp.
• Developed a product costing system that allowed an improved product pricing strategy improving annual profits by over $2 million.
• Created an inventory control and reporting system that enabled inventory reductions of over $30 million.
• Conducted due-diligence for the acquisition of an Australian company.
Part-Time Instructor Currently teaching undergraduate-level courses in accounting and finance at the St. Johns River State College and previously at the University of Phoenix.
Military Experience – (1976-1980) Served four years as an officer (with a Secret security clearance) in the US Army in fulfillment of an obligation from a four-year ROTC college scholarship. Rank at discharge – First Lieutenant.
BS-Systems Management, University of Detroit, May, 1976
MBA- (accounting & finance) – Southern Illinois University (Edwardsville), September, 1981
Passed all parts of the CPA Examination in one sitting, May, 1987