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With 20+ years of senior executive finance experience across all areas of global manufacturing, I bring deep expertise coordinating financial analysis, forecasting, and reporting as well as driving digital transformations that reduce cost and mitigate risk. π―π²π¬ π£ππ₯π¦π£πππ§ππ©π π§πππ§ π¦π§ππ₯π§ππ π’π‘ π§ππ π¦ππ’π£ πππ’π’π₯ As the son of manufacturing entrepreneur, my love for the industry started as a 12-year-old kid running a lathe and turning metal. These formative times gave me a rare end-to-end understanding of the manufacturing process. I absolutely know what it is like to be that person on the shop floor. As CFO at Heidenhain Corporation, a global manufacturing company, this first-hand experience informs how I build tight-knit teams, foster shared culture, and innovate bold solutions. ππππππ‘π πͺππ§π βπͺπβ No leader can deliver ground-breaking transformation initiatives without time spent building strong teams and empowering others to realize their greatness. As a leader, I recognize and maximize the strengths of those around me. Together, despite challenge and uncertainty, at Heidenhain we executed a major restructure that boosted efficiency, shifted to new technologies that established organizational agility, and completed a 3-year OKR project that generated significant advancements towards specific KPI targets. Although I guide strategic decision-making, there is no doubt that all these achievements belong to the team. Our people are truly our most important resource. π£ππ₯π¦π’π‘ππ ππ’π‘π‘πππ§ππ’π‘ π§πππ§ ππ π£πππ§π¦ πππ’πππ π₯ππππ As I partner with executive teams to drive global transformation initiatives, I am keenly aware that success depends on a leaderβs ability to foster strong culture. I generate strategies that improve sales, operations, and logistics, but also realize success means investing the time to know every team member personally. These little things fuel the vision that drives us all forward. π¦π£ππππππ§πππ¦β Budgeting/Forecasting/Reportingβ Business Developmentβ Global Supply Chainβ P&L/ M&Aβ GAAP/IFRSβ Integrated ERP & Reportingβ IT Managementβ Auditsβ Change Management David Armstrongπ© davidarmstrongcpa@gmail.com
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CfoItu AbsorbtechMilwaukee, Wi, Us -
CfoWayland Academy Oct 2022 - PresentBeaver Dam, Wisconsin, United States -
Cfo β’ Global Manufacturing β’ Digital Transformations β’ Process Streamlining β’ Team BuildingHeidenhain Corporation Mar 2014 - Oct 2022Schaumburg, IlHeidenhain is a world-leading leading manufacturer of digital readouts, linear/rotary encoders, TNC/CNC controls, and motion systems with 5 global entities. As CFO for all North American interests, I partner with the CEO while guiding a team of 100+ across Accounting, Finance, HR, IT, and Legal. I also meet regularly with the senior executive team and our Board of Directors to develop metrics-driven, 5-3-1 goals, and OKRs. Highlights-- RESTRUCTURE β Spearheaded shutdown of NY plant and shift of production to Illinois that improved operational efficiencies. Worked closely with stakeholders to ensure smooth transition, prepare new warehouse, and retain top talent. TEAM LEADERSHIP β Coached managers through 3-year OKR project that catalyzed a cash increase. Conducted weekly meetings with leaders to guide approach and remove roadblocks. Every team surpassed all key metrics. TRANSFORMATION β Sparked several automation transformations that streamlined systems, reduced costs, and mitigated critical risk. Initiatives allowed for organizational agility during COVID-19 and scalable long-term solutions related to major tax reporting changes. -
Cfo β’ Machinery Manufacturing β’ Accounting/Hr β’ Business Intelligence Product β’ Investor RelationsCvp Systems, Inc. Apr 2009 - Mar 2014Downers Grove, IlCVP Systems (recently acquired by Middleby Corporation) is a global food packaging/machinery manufacturer and reseller of packaging consumables consisting of 3 separate companies. While serving as CFO, I managed Accounting and HR across all companies and led a team of 4 to produce financial statements, budgets, and forecasts. Another important aspect to this position was executing monthly financial reporting, then tailoring presentations to owners, sales, and management stakeholders. Highlightsβ REPORTING β Created monthly variance reports that drove a new era of business intelligence. Partnered with CEO to communicate implications to the production team. Our improved metrics reduced labor inconsistencies and bottlenecks. STRATEGIC POSITIONING β Strategized with CEO and owners to position company as attractive acquisition target and secure buyer. Assembled pitch deck for investors and leveraged reporting to a build strong case to investors during negotiation. -
Controller β’ Financial Statements β’ Reporting β’ Investor Communication β’ ManufacturingLovejoy, Llc Apr 2007 - Apr 2009Lovejoy is the most recognised manufacturer of flexible couplings and multi-story, powder metal presses in the world. As Controller, I oversaw individual and consolidated financial statements, break-even analysis, budgets, and ad hoc reports for 30 trusts owning 14 manufacturing, leasing, distribution, and holding companies in the US, Canada, and Germany. -
Corporate Controller/Operations Manager β’ Mergers And Acquisition (M&A) β’ Integration EffortsFinzer Roller, Inc. May 2000 - Apr 2007I was promoted from Operations Manager to Corporate Analyst and then to Corporate Controller. As Controller I partnered with CEO on M&A discovery and acquisition. I also led the integration and consolidation of new manufacturing plants.
David Armstrong Skills
David Armstrong Education Details
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Accounting And Finance
Frequently Asked Questions about David Armstrong
What company does David Armstrong work for?
David Armstrong works for Itu Absorbtech
What is David Armstrong's role at the current company?
David Armstrong's current role is CFO.
What is David Armstrong's email address?
David Armstrong's email address is da****@****ain.com
What schools did David Armstrong attend?
David Armstrong attended The University Of Texas At Arlington.
What skills is David Armstrong known for?
David Armstrong has skills like Working Capital Management, Financial Audits, Us Gaap, Cost Accounting, Internal Controls, Consolidation, Revenue Recognition, Cash Flow Forecasting, Budgets, Managerial Finance, Cash Flow, Financial Reporting.
Who are David Armstrong's colleagues?
David Armstrong's colleagues are Tom Westrom, Stephen Marcucci, Jonah Doyle, Mike Kauth, My Dear, Erik Bo-Hansen, Alex S.
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David Armstrong
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David Armstrong
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David Armstrong
Rye, Ny3jardencorp.com, jarden.com, newellco.com11 +120764XXXXX
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