SUMMARY:

• Motivated and accomplished financial executive with extensive global experience delivering business transformation expertise, financial leadership, and compliance integrity across the enterprise. Made significant contributions to top and bottom line growth at diverse technology and industrial enterprises from startups to global public companies in excess of $3B in revenue. Successfully completed 15 acquisitions ($40 - $400M) in the past 8 years. 

PROFESSIONAL EXPERIENCE:

Confidential, Nashville, TN

Vice President Finance

• Total financial responsibility for the Americas, inclusive of Accounting, FP&A, M&A, Treasury/Banking relationships, and Audit.
• Directed the integration of DuPont’s Medical and Industrial Product Segments into JHI, transitioning financial and supply chain systems onto a common SAP platform, integrating a finance leadership team, and developing common financial and operating policies, procedures and KPI’s.
• Reduced AR aging from 78% to 97% current.
• Secured a $200M credit line and capital expansion funding from Wells Fargo (meeting all covenants).
• Led the acquisition of upstream converter businesses to capture an incremental 4 points of margin.

Confidential, Germantown, MD

VP Finance and Segment CFO

• Lead global team of 75 professionals with 8 direct reports responsible for all aspects of FP&A, accounting, and cash management for $900M global business segment (Communications Test). Report to segment President and corporate CFO ensuring compliance with SEC, SOX, and audit committee directives.
• Partnered with the segment President to transform a primary instruments (hardware) business into a diversified solutions provider to meet market and customer requirements. Achieved business model communicated to the street on the time line put forth.
• Improved gross margins by 7 points to 64%, driven by product cost reduction, focused investment in software platforms, and increased emphasis on new product innovation.
• Streamlined the monthly financial forecast and AOP processes, providing more relevant analysis and increasing financial forecast accuracy. Quarterly revenue forecast accuracy improved to +/- 3%, gross margin to +/- 1 pt.
• Upgraded 75% of the inherited global finance team, directly leading to elevated internal customer satisfaction.
• Created zero based budget and ROI models for R&D investments.
• Developed selling cost by channel and region as well as enhancing /simplifying the commission’s structure.
• Led the finance, operations, and IT functions through deal review, diligence, and integration of four strategic acquisitions, all accretive in 1 year or less.
• Directed the global implementation of Oracle financials, replacing 5 disparate legacy ERP systems.
• Partnered with Operations to implement outsourced manufacturing and repair (to China), where cost, quality and delivery metrics would benefit most significantly. Concurrent with outsourcing, transitioned the segment from full absorption costing to period expensing mfg. overhead.
• Developed a cross functional revenue recognition deal desk, where complex multi- arrangement solutions deals were reviewed for proper accounting and forecast accuracy.
• Provided “apples to apples” analysis of competitors’ financial and operational performance as a benchmark indicator of key market trends and performance.
• Improved segment cash from operations with a focus on DSO (5 day improvement), AR aging (90% current) and improved collections driven by improved invoice integrity.

Confidential, Allentown, PA

Vice President Finance

• Led team of 20 professionals with 5 direct reports in World Wide Operations Finance and Storage Segment with nearly $2B in revenue. Responsible for full P&L, Balance Sheet, FP&A, M&A, SOX compliance and External SEC Reporting for the Group, as well as Manufacturing Operations Finance at the corporate level.
• Led financial initiatives on design win profitability analysis, M&A, gross margin improvement, and op ex reduction. Strengthened the compliance environment within the Business Unit and WW Operations.
• Partnered with Business Unit and WW Operations management to drive post-merger (with Agere Systems) integration synergies, resulting in over $60M of product cost and op ex reduction.
• Developed the financial analysis and partnered with supply chain to execute fab-less operations structure, securing a variable cost model, and reducing manufacturing cap ex by 100%. Improved gross margin by 3 points to 50%. Outsourced all front end and back end operations.
• Led the international acquisition of Infineon’s hard disk drive business, accretive in year one, as well as executing the sale of Agere’s Mobility IC business, in line with corp. strategy.
• Improved group operating cash flow from operations 20%, by managing inventory levels, and improving DSO from 50 to 44 days through focused collection efforts, customer relationship building, and EDI billing.
• Improved inventory turns form 6 to 8.5, through focused SKU rationalization, forecast accuracy improvement, and reduced buffers.
• Increased investor and external analyst communication effectiveness by providing enhanced transparency.
• Improved group operating income 5 pts., to 15%, meeting all externally communicated business model targets.
• Achieved significant revenue, margin, op ex, and cash flow from operations forecast accuracy improvement, (+/-3% to plan of record on revenue/margin and op ex), enabling a more narrow guidance range with confidence.
• Achieved two consecutive year end audits with no material weaknesses, significant deficiencies.
• Mentored high potential finance personnel, contributing to one direct report receiving the LSI corporate values award for achieving high results, while exemplifying all corporate values.
• Led the operations finance Oracle to SAP conversion effectively producing a common platform for manufacturing product cost accounting and analysis

Confidential, Colorado Springs, CO

Segment CFO, Corporate Vice President

• Directed all financial and information technology activity for a $900M business group, including FP&A, Accounting/Compliance, M&A, and IT leading a worldwide team of 50 professionals with 6 direct reports.

TECHNICAL SKILLS:

SOFTWARE/SYSTEMS:  ERP experience - Oracle, PeopleSoft, SAP, CA, Hyperion, Salesforce.com - including multiple successful upgrades, conversions and implementations from selection, planning, and testing to go live.