Bob Lobban

Bob Lobban Email and Phone Number

Newfound Consulting, Affiliated with Fischer Group International and Armory Strategic Group @ Fischer Group International
united states
Bob Lobban's Location
Tolland, Connecticut, United States, United States
Bob Lobban's Contact Details

Bob Lobban personal email

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About Bob Lobban

Senior Executive with extensive global experience leading multisite business and finance operations for the manufacturing industry – generating millions of dollars in growth and profitability for businesses ranging in size from start-ups to Fortune 500 companies.Trusted business partner with Harvard MBA and a strong track record managing complex negotiations, capital/debt requirements, and business acquisitions, restructurings, and integrations.SUCCESS INDICATORSFinancial Performance Optimization• Saved $6.1 million in annual costs by implementing comprehensive turnaround including Lean and cost initiatives, plant consolidations and modifications, and force and SG&A reductions• Increased gross margins by four points for $120 million aerospace parts supplier within six months through revised cost accounting methodology, new rate structures, quoting models and pricing rulesOrganizational & Executive Leadership• Sparked 85% gross margin improvement (from -15% to 70%) in 12 months for top customer representing >$8 million in annual sales through marketing and operations turnaround leadership• Enhanced EBITDA $5+ million in two years with steady sales through cost reduction and pricing initiatives.Business Process Reengineering/Lean Manufacturing• Captured 25% AR reduction ($32+ million) and transformed business segment from 100+ DSO into cash-in-advance situation by training marketing staff in customer negotiations and establishing payment structure that became industry standard.• Delivered $70+ million annual profit improvement through major revitalization effort that restructured operations, reduced inventory levels by 50% and reengineered processes in four plantsCore Leadership Competencies:Strategic Planning & Tactical ExecutionFinancial/Operational AnalysisTurnaround ManagementAcquisitions/Divestitures/IntegrationFinancial Management/TreasuryInternational / Multi-site Management

Bob Lobban's Current Company Details
Fischer Group International

Fischer Group International

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Newfound Consulting, Affiliated with Fischer Group International and Armory Strategic Group
united states
Website:
fischergroupintl.com
Employees:
7
Bob Lobban Work Experience Details
  • Newfound Consulting
    President
    Newfound Consulting Sep 2016 - Present
    Independent consulting firm focused on interim executive services, board services, turnaround situations and financial improvement. Affiliated with Armory Strategic.
  • Fischer Group International
    Senior Staff Member
    Fischer Group International Sep 2016 - Present
    Fischer Group International, Inc. is a boutique retained executive search firm specializing in senior placements across all functions of an organization. Our dedicated practices include industrial manufacturing & distribution, power/energy, and C-level leadership positions within portfolio companies of Private Equity firms. Our search clients range in size from $40 million to $50+ billion in revenue.
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  • Brook & Whittle, Ltd
    Chief Financial Officer
    Brook & Whittle, Ltd Oct 2014 - Jun 2016
    Guilford, Ct
  • Brook & Whittle, Ltd
    Interim President & Chief Executive Officer
    Brook & Whittle, Ltd Jan 2015 - Sep 2015
    Guilford, Ct
  • Newfound Consulting
    President
    Newfound Consulting Jan 2008 - Sep 2014
    Independent consulting firm focused on interim executive services, board services, and financial improvement.Oversee day-to-day operations supporting broad spectrum of engagements. Accountable for P&L performance, strategic planning & execution, turnaround situations, process improvements, negotiations, and business restructurings & consolidations. Served on Board of Directors for three companies.• Added $9 million in equity capital and renegotiated debt down by $28 million by restructuring business operations for $120 million financial consulting firm after it had defaulted on its debt obligations. • Improved EBITDA from $2.7 million to over $7 million in 18 months by product/customer rationalization, pricing actions, lean manufacturing initiatives, growth and cost reduction initiatives for a $70 million coated products firm.• Led sign supply company through financial restructuring, profit improvement plan and implementation, and sale of company for over 235% of its value at start of process.• $2+ million reduction in WIP inventories in eight months achieved by reducing cycle times for large parts supplier. • Improved profitability by $6 million through plant consolidations, implementation of lean manufacturing, pricing actions, and organization restructuring for $75 million office products company.• 4% increase in margins gained by changing cost accounting methodology, setting new rate structures, and introducing new quoting models and pricing rules for parts supplier division. • Improved liquidity by $10 million and profitability by $5 million by devising and executing turnaround strategy that included negotiating new bank loans, reducing working capital, improving margins and rationalizing product lines for $200+ million contract manufacturer.
  • Rtape
    Member, Board Of Directors
    Rtape Dec 2010 - May 2013
    Succesfully completed financial restructure of company in 2011. Improved profitability by over 150% within 18 months of completing the restructure. Sold company in 2013 at 235% of valuation at time of restructure.
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  • Staffing Now
    Member, Board Of Directors
    Staffing Now Oct 2009 - Oct 2010
    Named to Board of Directors to oversee ongoing business and financial restructuring of the firm. Successfully transitioned company to new ownership, increased its equity by $3 million and reduced its debt structure by $27 million.
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  • Dlc Inc
    Member, Board Of Directors
    Dlc Inc Oct 2009 - Mar 2010
    Named to the Board of Directors to oversee the ongoing business and financial restructuring of the firm. Successfully completed restructuring in March 2010 by adding $9 million in equity capital and negotiating a reduction in its debt levels by $28 million.
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  • Identity Group
    Interim Chief Financial Officer
    Identity Group Mar 2008 - Apr 2009
    $75 million manufacturer of office products and signage. Brought in by new ownership, Saw Mill Capital, to address post-closing issues, institute cash management and financial reporting tools and disciplines, and work with the senior management team to implement cost reduction projects. Identified substantial post-closing claims against sellers (>$10 million). Working with senior management team, identified and implemented over $6 million in annual cost savings projects.
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  • Intelicoat Technologies
    Senior Vice President & Chief Financial Officer
    Intelicoat Technologies Mar 2005 - Dec 2007
    $150 million precision coater of branded materials and custom coatingsLed operations for all global finance, accounting, and IT departments. Accountable for P&L performance, strategic analysis, negotiations, financial modeling, cost savings / pricing initiatives, and strategic partnerships. Supervised six direct reports and 30 indirect reports• $10+ million in profit improvements attained by leading senior management team to develop and implement three-year strategic plan to boost projected revenues by more than $100 million and triple EBITDA• Reduced debt from $52 million to $22 million in less than two years through financial restructuring, sale/leaseback transactions on three manufacturing facilities, facility sale, and working capital reductions• Developed and implemented financial model and negotiation strategy based on strategic analysis to increase price by $10 million over initial offer on sale of $70 million division.• $6 million in cash secured by spearheading initiative to reduce inventory by 25% in eight month period.• $4 million acquisition of new product line realized by leading due diligence, negotiations, and team to relocate and integrate business operations within existing facilities• $750,000 claim eliminated by leading legal / executive team and devising strategy to resolve significant conflict with large customer, that resulted in one-year contract extension worth $5+ million in high margin business• $3 million in annual cost savings secured by directing team and lean manufacturing initiative to improve cycle times and on-time delivery performance, further reducing inventory by $2 million• $2+ million saved by initiating and guiding team to reduce purchased costs of raw materials and supplies and working capital thru utilization of consignment inventory from suppliers
  • Mid South Industries
    Interim Chief Financial Officer
    Mid South Industries May 2004 - Jan 2005
    $200M contract designer and manufacturer. Brought in to develop and execute a turnaround strategy and investigate possibility of selling the business.
  • Fibercore Incorporated
    Chief Financial Officer
    Fibercore Incorporated Jan 2001 - May 2003
    $75 million international manufacturer of optical fiber for telecommunications industry.Led finance, accounting, investor relations, IT, legal, and HR functions for global manufacturer. Served as Managing Director for Brazilian and Germany subsidiaries as well as oversaw all SEC reporting requirements.• Renegotiated $40+ million in customer contracts, rescheduled $8+ million in lender payments, and reduced / terminated commitments to suppliers in excess of $20 million – keeping firm out of Chapter 11 bankruptcy• Negotiated and secured $30 million in financing to expand existing German facility and build new facility• Renegotiated $11 million of short-term debt in Brazil during telecommunications industry collapse in 2002, saving $8 million in short-term cash flow.
  • Titan Motorcycle Company Of America
    Chief Financial Officer
    Titan Motorcycle Company Of America Nov 1997 - Dec 2000
    Nasdaq-listed public manufacturer and distributor of top-end, custom designed heavyweight cruiser motorcycles.VP of Finance, CFO & TreasurerDirected all finance, accounting, investor relations, materials management, IT and HR functions. Managed company's legal and risk management activities. Managed 6 direct reports and 25 indirect reports.• Supported sales growth from $5 to $40 million by building and leading team to select and implement new MRP and accounting systems.• Selected and led multi-disciplined team responsible for identifying and implementing design, build, and procurement initiatives to lower unit costs by more than 18% (>$6 million annually) over 18-month period.• Negotiated and obtained $10 million line of credit and managed $7 million in multiple equity offerings.• Improved access to capital and liquidity for shareholders by moving firm from non-reporting entity to fully reporting SEC public company, and from over-the-counter trading to NASDAQ SmallCap market.
  • George Group
    Vice President - Results Delivery
    George Group 1995 - 1997
    General management consulting firm specializing in acquisitions and turnaround situations.Led multiple client engagements / executive relationships and built firms’ capabilities to deliver financial results.• Reduced working capital requirements by $40 million and improved profitability by $7 million by developing and implementing pull systems across manufacturing / purchasing functions for $800 million avionics manufacturer. • Slashed accounts receivable by $32+ million by improving credit terms, redefining service and payment structures, and improving collection processes for Fortune 500 manufacturer.
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  • Gemini Consulting
    Principal
    Gemini Consulting 1988 - 1995
  • United Research
    Senior Consultant
    United Research 1988 - 1991

Bob Lobban Skills

Executive Management Strategy Restructuring Management Consulting Mergers And Acquisitions Strategic Planning Management Manufacturing Process Improvement Start Ups P&l Management Change Management Business Process Improvement Acquisition Integration Business Development Leadership Operational Excellence Business Strategy Lean Manufacturing Finance Financial Modeling Forecasting Working Capital Management Financial Reporting Accounting Mergers Managerial Finance Cross Functional Team Leadership Cash Management Sarbanes Oxley Act Business Planning Analysis Team Building Operations Management Financial Analysis Corporate Finance Financial Performance Improvement Budget Process Competitive Analysis Cost Accounting Product Development Continuous Improvement Sec Filings Private Equity Business Transformation Profit Maximization Banking Relationships International Management Treasury Management Pricing

Bob Lobban Education Details

Frequently Asked Questions about Bob Lobban

What company does Bob Lobban work for?

Bob Lobban works for Fischer Group International

What is Bob Lobban's role at the current company?

Bob Lobban's current role is Newfound Consulting, Affiliated with Fischer Group International and Armory Strategic Group.

What is Bob Lobban's email address?

Bob Lobban's email address is bo****@****ntl.com

What is Bob Lobban's direct phone number?

Bob Lobban's direct phone number is (203) 483*****

What schools did Bob Lobban attend?

Bob Lobban attended Harvard Business School, Northeastern University.

What are some of Bob Lobban's interests?

Bob Lobban has interest in Boating, Investing, Golf, Travel, History.

What skills is Bob Lobban known for?

Bob Lobban has skills like Executive Management, Strategy, Restructuring, Management Consulting, Mergers And Acquisitions, Strategic Planning, Management, Manufacturing, Process Improvement, Start Ups, P&l Management, Change Management.

Who are Bob Lobban's colleagues?

Bob Lobban's colleagues are Jim Pappas.

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