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Title: |
CFO
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Location: |
US-Pennsylvania-York/Lancaster
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Work History: |
PROFESSIONAL EXPERIENCE
SONNEBORN HOLDING, LLC 2005 to Present
Global $350 million manufacturer with European Operations selling to 130+ countries.
Executive Vice President and Chief Financial Officer
Executive responsibility for a specialty chemical company selling to the consumer, personal care, pharmaceutical and industrial markets. Reports to the President & CEO and interfaces with auditors, banks and the investment community. Directs a staff of 45 with responsibility for accounting, information technology, finance, planning and treasury functions.
- Drove profit to over 20% of net sales though pricing strategies, product pruning, and supply chain management, increasing earnings 4 fold (400%) over the past 3 years.
- Spearheaded an integrated enterprise system (SAP) resulting in annual savings of $4.5 million.
- Expanded lines of credit $50 million in a very difficult credit market to consolidate operations and finance growth initiatives in Q3 2008.
MARIETTA CORPORATION 2003 to 2005
Manufacturer of personal care amenities and contract packaging for consumer and pharmaceutical industries with Asia Pacific operations and $250 million in annual sales.
Senior Vice President and Chief Financial Officer
Executive responsibility reporting to the CEO/Chairman. Directed the auditors, banks and interaction with the investment community. Directed a staff of 40 with responsibility for accounting, information systems, investor relations, merger and acquisition, pricing, reporting, strategic planning and treasury functions.
- Improved EBITDA in excess of 20% of net sales though growth, cost reduction and supply chain management.
- Key player in the sale of Marietta to a financial investor at seven times EBITDA. Raised new debt financing of $148 million at favorable pricing and terms to support growth initiatives.
- Restructured the international operations of the world’s leading amenities supplier reducing overhead by 40% and dramatically improving operating profit.
ALTEC LANSING TECHNOLOGIES 1999 to 2002
Leading innovator and manufacturer of consumer electronics and technology with annual sales of $300 million and operations in China, FarEast and Mexico.
Senior Vice President and Chief Financial Officer
Reported directly to the Chairman/CEO collaborating with auditors, banks and “Wall Street” analysts. Led a staff of 40. Complete responsibility directing and improving accounting, credit, information systems, human resources, logistics, SEC reporting and treasury. Drove the P&L for international operations, including a plant in China with over 1,300 employees.
- Executed a strategic joint venture with a global technology leader that sped new-product introduction. Subsequently spun-off technology business at an attractive valuation.
- Raised new financing to acquire the “Altec Lansing” trademark, a $6.8 million one-time tax savings.
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Skills: |
EXECUTIVE SUMMARY
Successful track record building shareholder value. Chief Financial Officer with general management experience skilled at growing revenues and profits, managing costs and improving business processes and developing teams across multiple industries and corporate cultures. Over 25 years of success identifying and solving strategic business problems in consumer/industrial goods, chemical & plastics and technology operations. Financial and organizational skills drive value creation to:
- Debt/Equity Financing
- Pricing Strategy
- Product-line Profitability
- Controllership - Operations
- Balanced Scorecards/metrics
- Forecasting & Planning
- M&A - SOX 404/Test of Controls
- Liquidity/Cash Flow
- GAAP, IFRS, SEC reporting
- Team building
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Education: |
MBA in Accounting, University of Scranton. Certified Public Accountant
BS degree, University of Scranton. Concentration in Accounting.
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