David Rice Email & Phone Number

Chicago, IL, US

Chicago, IL, US

Source, develop, and execute on strategic partnerships to help enable the commercial and sales of ADM's entire portfolio of products into industrial applications.

Chicago, IL, US

• Oversee a multi-million dollar P&L including setting pricing and growth strategies, asset management, and direct reporting to senior level management.
• Develop and manage the growth pipeline for ADM’s wheat starch and protein business that includes a portfolio of M&A, new product development, strategic partnerships, equity investments, organic growth and cost savings.
• Drove P&L results to end FY19 with a ten-year record.
• Introduced strategic adjustments to existing client contracts to maximize profitability.
• Secured new business for the organization by making determinations to rebalance customer mix, ending partnerships with less profitable clients and backfilling volume with higher profit-margin accounts.
• Optimized business processes to generate additional interview, including: - Requesting resources from centralized resource pools.- Reviewing processes and activities within the businesses and removing waste..

Chicago, IL, US

• Maintained a pipeline of potential M&A or equity investment opportunities within the food and beverage space; vetted approximately 3 different M&A opportunities.
• Conducted financial modeling, including cash flow modeling, for ADM as an organization as well as for individual lines of business to generate accurate forecasts for target ROIC returns, EVA returns, and other.
• Executed financial analysis and reporting to ensure sound financial health for ADM.
• Sourced potential investment opportunities and organized business development plans to achieve sales targets.
• Collaborated with startup organizations and determine if their product offerings aligned with ADM’s business objectives; vetted 7 opportunities from various startups and small businesses.
• Led a cross-functional Due Diligence team, including members from Accounting, HR, Finance, Operations, etc.

Chicago, IL, US

• Developed and grew the industrial oils business through organic growth, capturing market share, and seeking strategic partnership opportunities for low risk and speed to market objectives (measured by volume and.
• Conducted research into industries including Asphalt, Coatings, Oil & Gas, Polymers, and Lubricants to understand business models and technical applications, in order to grow the market for ADM.
• Managed customer/vendor accounts, hedge position, ag market analysis, and logistics.
• Grew sales volume by 8% and grew incremental OP by 12%.
• Identified 350 million pounds of new business leads and converted 40 leads to company sales.
• Maintained accurate and detailed customer account records.

Chicago, IL, US

• Managed the procurement of soybeans and sales of soybean meal mitigating risk through futures hedging for the Mankato soybean crush facility.
• Managed a fleet of 80 railcars for the facility and participated in negotiations with the serving railroads.
• Worked with operations to set production rates, downtime, and manage product quality.
• Managed month end reporting for Mankato, MN merchandising operations.
• Maintained accurate and detailed customer account records.

Chicago, IL, US

• Completed a 3-year expat assignment as plant superintendent on a multi-million dollar greenfield project in Paraguay, SA
• Managed 100+ employees directly or indirectly as plant superintendent including engineers, department supervisors, shift supervisors, and operators.
• Developed an operations team and supported administration and corporate programs for Paraguay facility.
• Developed an asset management program and annual capital budget for plant operations
• Managed department contractors on capital projects and plant maintenance.
• Maintained oversight of budget and schedule for capital projects.

Chicago, IL, US

• Started a 3-year expat assignment as project engineer on a multimillion-dollar greenfield project in Paraguay, SA which including plant design, project scheduling and financial controls, vendor management and technical.
• Served as lead engineer in designing and developing multimillion-dollar expansion AFE for Clinton, IA facility.
• Managed multiple mid-sized ($25,000 - $500,000) capital projects including energy reduction & environmental compliance projects for the Clinton, IA facility.
• Performed mass and energy balances on plant processes to improve performance and efficiency.
• Developed and maintained project schedule, oversaw changes and submitted revisions.
• Advised the Superintendent and Project Manager on compliance of subcontractors and vendor performance.

Chicago, IL, US

• Developed and updated production sheets, SOP’s, P&ID’s, & reports.
• Analyzed mechanical equipment failures and developed and implemented solutions.
• Developed and supported mechanical integrity programs and asset management programs.
• Improved operational and technical capabilities to achieve business goals.
• Worked as a fill-in shift-supervisor.
• Completed root cause analyses and developed procedures for reliability and stability.

Master Of Business Administration - Mba

Bachelor'S Degree, Mechanical Engineering