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Finance and operations leader with experience in diverse functional roles and multiple industries. Superior analytical skills combined with an extensive background in engineering, manufacturing, vendor management and process improvement. I enjoy partnering with business leaders and guiding teams to achieve key operational metrics and financial success for the organization. I have a hands-on, inclusive management style and excellent interpersonal and communication skills. I have extensive experience in budgeting and control, P&L management, cost/benefit analysis, capital investment decisions, sourcing agreements, cost reduction initiatives, and executive level business case development.• Responsible for $350M annual operating and capital budget• Proven track record of identifying and implementing multi-million dollar cost reduction initiativesI am a forward looking leader with proven success directing diverse work groups and cross-functional teams. Experienced in leading division-wide strategic efforts and managing work force through times of significant change. • Direct work groups ranging from teams of financial professionals to 300+ operations managers and technicians• Led cross-divisional team which identified and implemented over $7M in annual fuel savingsI have an extensive track record of partnering with operational leaders to identify creative solutions to complex business challenges and improving financial and operational performance. • Developed sophisticated financial model for tracking cost variances to manufacturing standards; providing clear insight and actionable information for operational leaders to achieve over $17M in annual savings• Led joint finance and operational team that identified and implemented over $15M in annual synergy savings as part of Delta-Northwest merger
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Director Of Quality And Training - Technical OperationsEndeavor Air Apr 2019 - PresentMinneapolis, Mn, Us -
Director Of OperationsTlc Electronics Inc. Dec 2014 - Jan 2019St. Paul, Mn, UsResponsible for managing all activities related to operations including manufacturing, quality assurance, material management, planning/scheduling, engineering, quoting and product management. Key member of the Leadership Team contributing to the overall strategic direction of the company and implementing action plans to meet short and long-term performance targets. Responsible for establishing manufacturing labor standards, analyzing variances to actual performance and driving actions to improve efficiency. Oversee product profitability and evaluation of actual performance relative to quoted margin.• Implemented operational best practices in fledgling manufacturing environment that drove 50% reduction in cost of quality, 20% improvement in on-time shipments and 15% improvement in inventory accuracy.• Led special project team which optimized manufacturing processes and work instruction for over 300 assemblies, resulting in a 15% gain in labor efficiency.• Optimized supply chain on company’s largest product line utilizing off-shore manufacturing partner which resulted in 10% reduction in unit cost and 2-week reduction in cycle time.• Oversaw implementation of new ERP system and developed majority of associated business processes. -
Director Finance - Supply Chain & Customer ExperienceSelect Comfort Sep 2011 - Oct 2014Minneapolis, Minnesota, UsI provided financial leadership and oversight for Manufacturing, Quality, Strategic Sourcing, Material Planning, Logistics, Home Delivery and Customer Service. I managed inventory accounting and warranty reserve functions. Led development of $350M annual operating plan and oversaw capital investments, forecasting, monthly close reporting, variance explanations and gross profit analysis.• Led financial analysis for large-scale negotiations with third-party logistics provider. Played major role in developing analytical driven negotiation strategy which yielded $1.8M in annual savings.• Led cross-functional team which established processes for monitoring and scaling scrap recovery of returned product to align with sales demand. Effort saved $1M annually in avoided scrap expenses. -
Director Finance - Technical OperationsDelta Air Lines 2008 - 2011Atlanta, Georgia, UsI directed multiple teams of financial and technical resources responsible for identifying, analyzing, and implementing synergy opportunities related to component maintenance activities for the combined airline. Provided financial and strategic analysis to identify shop core competencies, optimal mix of internal vs. external maintenance, integration of maintenance programs, and identify opportunities to expand Delta’s existing 3rd party maintenance revenue business. • Led financial analysis for maintenance contract on major aircraft system components valued at $50M in annual spend.• Implemented common maintenance program for NWA and Delta’s Thrust Reversers and Emergency Evacuation Slides, resulting in over $4M in annual savings. -
Manager Financial Projects - Technical OperationsNorthwest Airlines 2007 - 2008UsManaged team of analysts responsible for detailed financial and operational analysis, cost/benefit justification, and development and presentation of executive level proposal summaries that clearly communicate project’s cost impact and financial benefits. Directed analysis of major investment decisions such as equipment purchases, aircraft modifications, maintenance contracts, Marketing proposed aircraft enhancements, new aircraft acquisition, technology investments, and facility modifications.• Avoided $19M in one-time overhaul costs through sale-lease back agreement on JT8D engines.• Led analysis supporting $122M in long-term maintenance contracts for Airbus and CRJ Landing Gear. -
Project Manager - Process Improvement And Technology Automation - Airport OperationsNorthwest Airlines 2004 - 2007UsHand-picked by executive management to lead division-wide technology automation effort. Researched, developed, tested, and implemented mature and emerging technology to automate repetitive ground handling processes and expand customer self-service applications. Responsible for developing financial analysis and executive level business cases in support of funding requests. Solicited competitive bids and negotiated product demonstration agreements with vendors.• Implemented aircraft luggage loading system that reduced labor cost by 50% and saved $5M annually.• Evaluated emerging technologies such as robotic luggage handling, automated docking of boarding bridge, aircraft parking at gate without ground crew, passenger self-boarding, and wireless messaging. -
Senior Operations Manager - Component MaintenanceNorthwest Airlines 2003 - 2004UsProvided second tier management for nine independent component maintenance shops to ensure the safe, legal, and reliable maintenance of aircraft components at the lowest possible cost and cycle time.• Managed team of 8 managers and over 300 licensed aircraft technicians.• Developed landing gear salvage plan which saved $1.1M in avoided overhaul costs. -
Finance Business Unit Manager/Senior Financial AnalystNorthwest Airlines 1999 - 2003UsDeveloped and managed $500M operating and capital budget across seven operating groups and three facilities. Directed a team of five Finance Managers, two Project Managers, and six Timekeepers. Tracked and reported budget variances, generated forecasts, developed staffing plans, and identified cost saving opportunities. Provided financial cost/benefit analysis for major investment decisions and developed written proposals for senior management aimed at improving NWA’s financial and operational performance.• Reduced Airbus heavy maintenance material cost by $1.2M annually.• Developed complex staffing models for hangar and shop which resulted in $5M in annual labor savings.• Developed a 15-year maintenance cost estimate valued at $2.3B for new fleet of A330 aircraft. -
Supplier Quality Engineer/Operations ManagerGuidant 1995 - 1999Marlborough, Ma, UsServed as liaison between external suppliers and internal product development team. Generated engineering specifications, qualification requirements, and receiving inspection acceptance criteria for components used in implantable medical devices (pacemakers and defibrillators). Supervised three independent departments and over 100 technicians for the fabrication and testing of electrical sub-assemblies.• Established quality partnership plan with two key suppliers which resulted in a 60% reduction in inspection labor hours. • Redesigned product flow line utilizing Lean Manufacturing principles which increased output by 100% and reduced product through-put by 25%. -
Production Manager/Liaison EngineerGeneral Dynamics 1989 - 1995Reston, Virginia, UsSupervised team of technicians responsible for final assembly of the Atlas and Titan/Centaur space launch vehicles. Designed repairs for hardware damaged or incorrectly processed during manufacture and assembly.
Bob Olson Skills
Bob Olson Education Details
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University Of Minnesota - Carlson School Of ManagementFinance -
University Of MinnesotaAerospace Engineering
Frequently Asked Questions about Bob Olson
What company does Bob Olson work for?
Bob Olson works for Endeavor Air
What is Bob Olson's role at the current company?
Bob Olson's current role is Quality & Training Leader at Endeavor Air.
What is Bob Olson's email address?
Bob Olson's email address is bo****@****hoo.com
What is Bob Olson's direct phone number?
Bob Olson's direct phone number is +165148*****
What schools did Bob Olson attend?
Bob Olson attended University Of Minnesota - Carlson School Of Management, University Of Minnesota.
What skills is Bob Olson known for?
Bob Olson has skills like Process Improvement, Cross Functional Team Leadership, Operations Management, Analysis, Forecasting, Leadership, Vendor Management, Management, Financial Analysis, Strategy, Change Management, Project Management.
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