Beruflich Dokumente
Kultur Dokumente
FELDENKRIS
Strategic Planning
Annual Operations Planning
Working Capital Management
Worked in all facets of business, including business development, data base implementation and management,
operational activities including recruiting and working with both candidates and clients.
2009 to 2014
A $30 MM Steel service center and fabricator of abrasion and wear resistant steel products.
Chief Financial Officer
Introduced strategic initiatives to increase sales in the Aggregates and Mining market segments, hiring
new Commercial Sales Manager. Worked on sales team to increase sales by $1MM to our largest
customer. Efforts resulted in year over year increase in Commercial markets of 15%.
Reduced headcount and expenses, including closing two manufacturing facilities, in response to a
declining military market revenue base. Total cost savings approximated $1.2MM per year.
Developed plan to recapitalize the Company debt structure to buyout family shareholders, and provide
liquidity event for company owner.
Reduced inventory by 60% ($13MM) and developed strategies to identify and dispose of slow moving
inventory on an ongoing basis.
Led cross functional team in selection of new ERP system.
HY-KO PRODUCTS COMPANY, Northfield, Ohio
2008 to 2009
A $40 MM manufacturer and reseller of consumer products sold to Big Box Retailers
Interim Chief Financial Officer
Led efforts to reduce costs at under-performing Mexican subsidiary ($500,000 loss to breakeven).
Secured $2MM in additional bank financing to finance equipment expansion.
Successfully directed company through its first financial statement audit.
Developed consolidated financial reporting system.
WHIRLAWAY CORPORATION, Wellington, OH
1994 to 2008
An $80 million manufacturer of precision-machined components / assemblies for highly engineered automotive and industrial
OEM mechanical systems with 4 ISO-certified manufacturing plants and 600 associates.
Chief Financial Officer (1999 to 2008)
Member of senior management team with responsibility for Finance, Accounting, and Information Technology with a team of
10 associates. Driving force behind company moving up the value chain from a supplier of precision-machined components
to a provider of increased value-added fluid control assembled and tested products.
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Directed sale of Company to NN, Inc. in November 2006 for $46 million in cash.
Prepared financial projections and delivered marketing presentation to acquiring company. Compiled and
supervised all financial and legal due diligence and negotiated sale price.
Secured financing of $40 million by maintaining key relationships with banks, leasing companies.
Performed due diligence and conceptualized offers and negotiating strategy for potential acquisitions.
Successfully completed acquisitions of two precision machine parts suppliers.
Partnered with Manufacturing to develop annual operating plan and used plan to set operations targets.
Established cost cutting initiatives through suppliers, process improvements, and headcount reductions.
Passed all audits including bank, public company, and annual financial statement audits
Developed Companys financial reporting, cash management, and planning / budgeting systems,
Implemented Companys first marketing plan including market and industry research, website and brochure
development, and hiring of sales representatives.
Conducted searches for clients seeking to grow through acquisition; identified acquisition targets to facilitate
acquisition by a leading Michigan rubber components manufacturer.
Generated $40 million by coordinating an asset sale program that included selling 14 subsidiaries within one year.
Activities included authoring descriptive memorandum, working with investment bankers, attorneys, consultants,
negotiating letters of intent and purchase agreements, and liquidation of two subsidiaries.
Developed annual planning process and integrated planning process to 25 previously autonomous business units.
Directed annual strategic planning / operating plan review sessions with subsidiary management.
1983 to 1986
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