CFO - Manufacturing

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HIGH-IMPACT TECHNOLOGY & MANUFACTURING CFO & ADMINISTRATIVE LEADER

Start-ups &#•••••; Turnarounds &#•••••;Strategic Planning & Analysis &#•••••; Acquisitions & Divestitures Banking & Investor Relations FASB, SEC Regulatory Compliance &#•••••;Treasury & Cash Management &#•••••; Business Ventures & Contracts &#•••••;Systems & Process Automation &#•••••;Legal Affairs &#•••••;Outsourcing &#•••••;Cost Accounting &#•••••;Budgets & Forecasting &#•••••; Benefits & Insurance

Entrepreneurial finance and strategic administrative partner on the senior management team, with a sustained history of success in diversified high-tech manufacturing environments. Valued for a combination of technical knowledge and financial expertise. A leader of productive and motivated teams empowered to realize their potential and build the next generation of profits.

PROFESSIONAL EXPERIENCE

CHAMPION BRANDS LLC, Clinton MO •••••
Investor-owned regional oil blending, packaging, and distribution company selling on a nationwide scale.
CFO and Administrative Officer
Managed Accounting, MIS, HR and Purchasing with a staff of ••••• Established comprehensive cost accounting and financial reporting systems.
Managed corporate insurance/ risk and employee benefits
Managed general price increases including contract price reviews.
Completed financial analysis of several new business prospects and one acquisition.
Implemented $•••••,••••• of purchasing cost reductions.
Upgraded Chempax business system hardware and software. Outsourced payroll services.
Negotiated debt refinancing to eliminate check float resulting in lower required cash.

Financial Consultant •••••
Champion Brands LLC Clinton, MO Financial Consultant. 2 months. •••••
Brown Derby Stores, Inc. Springfield, MO -CFO/Controller. ••••• months.
GDX Automotive, Batesville, AR -Financial Consultant. 5 months.

TETERS FLORAL PRODUCTS, INC., Bolivar, MO •••••
Investor-owned importer of artificial flowers, manufacturer of floral arrangements and chain store merchandiser with three U.S. locations and a Hong Kong subsidiary, serving the U.S. and Canada.
Executive Vice President of Finance & Administration
Managed Accounting, HR, and Customer Service with staff of ••••• Developed business reporting, forecasting, planning processes, created a corporate policies and procedures manual.
Reduced inventory •••••%; implemented JIT purchasing procedures.
Improved working capital structure; reduced A/R to ••••• DSO and decreased bad debt reserves by $•••••,•••••
Lowered total warehouse labor costs •••••% and improved customer satisfaction, reduced shipping
errors and cut paid freight by $•••••,•••••/year; researched and implemented financial and management systems upgrades.
Improved Return-On Sales from •••••% to •••••%; installed systems and procedures to bring expenses in line with sales, improved tracking of sales incentives with profitability.
Managed the conversion of ERP financial modules (GL, AR, and AP) from Daly Walcott (one-company) to the J.D. Edwards corporate ERP system (multi-company).

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REYCO INDUSTRIES, INC., Springfield MO •••••
Privately held international company with two U.S. locations and Canadian subsidiary that manufactured and sold heavy-duty suspension systems for tractor, trailer, specialty, and export markets.
Vice President of Finance & Administration
Managed Accounting, MIS, and HR with staff of ••••• Established policies and procedures and upgraded payroll/HR and fixed asset systems. Developed and administered product costing, profitability analysis and pricing.
Improved operating profitability to increase valuation; led plant consolidation, cost reductions, and refinancing that grew sales and boosted profitability by $4 million over two years, and saved $•••••,•••••/year in corporate insurance and employee benefits.
Increased sales and sales opportunities; re-allocated headcount to increase sales force, consolidated manufacturing operations, eliminated ••••• positions and expanded facilities with municipal bond financing. Reduced $•••••,••••• of excess inventories.
Revamped management reporting to produce timely and detailed action-critical reports; installed new Fourth Shift MRPII hardware/software, revised the G/L chart of accounts, and produced management reports on sales/gross margins by product and customer.

CUMMINS MILITARY SYSTEMS COMPANY, Columbus, IN •••••
Start-up Defense business venture of CUMMINS ENGINE COMPANY that re-manufactured military trucks.
Director of Finance
Managed financial systems/policies/procedures implementation, with two direct reports.
Converted a ••••• acre inventory of junked military vehicles/parts into a viable corporation that built foreign military sales to $••••• million; completed asset valuation, established part numbers for MRPII system, set up G/L, A/P, A/R and inventory ledgers, developed accounting controls, management reports, forecasting and planning processes.
Implemented a project accounting system for costing of government contracts and developed forecast modules to bid and track government contracts.
Developed a cost and inventory accounting process for a remanufacturing business.

INDIANA RAILROAD COMPANY, Indianapolis, IN •••••
Venture Capital-financed short line railroad.
Vice President of Finance and Treasurer
Refinanced borrowings and secured additional debt for acquisitions of $6 million.
Completed the acquisition of a contiguous rail segment and started up a dinner train.
Implemented corporate risk management and accounting software on a PC network.

SERADYN, INC., Indianapolis, IN •••••
Manufacturer and global distributor of healthcare diagnostic products, industrial instrumentation and uniform latex particles, financed by Boston University.
Vice President of Finance and Treasurer
Managed Corporate Finance, MIS, and HR. Administered treasury, external audit, and legal affairs. Staff of •••••
Developed financial systems to improve management information. Met SEC/FASB requirements, issued •••••K Annual Report(non SEC registrant), and completed a ••••• IPO filing(S•••••) that was withdrawn.
Converted from on-line CMS Service Bureau to an HP•••••/ASK System.
Achieved cash flow turnaround; reduced costs, controlled product introductions, and restructured the employee benefits program.





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MICROSONICS INC., Indianapolis, IN •••••
High-tech/venture capital-financed start-up that manufactured and sold computers and software for use in cardiology and obstetrics.
Chief Financial Officer

CUMMINS ENGINE COMPANY, INC., Columbus, IN •••••
Manufacturer of diesel engines for the automotive, heavy duty truck and industrial markets.
Corporate, Division and Manufacturing staff positions of progressive responsibility including: Financial Reporting Manager, Capital Investment Specialist, Financial Management Manager, Cost & Inventory Accounting Manager, Cost Accounting Manager and Management Trainee.



EDUCATION / CERTIFICATIONS

M.B.A., Finance and Accounting, Ohio State University, Columbus, OH
Masters of Science, Colorado University, Boulder, CO
Certified Management Accountant-CMA
Certified Public Accountant-CPA

PROFESSIONAL AFFILIATIONS

Financial Executives International
AICPA / Indiana CPA Society