David Rice Email and Phone Number
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Seasoned Business Development Leader with a track record of profitable growth through strategic partnerships and pipeline generation, shrewd resource allocation, and new product development. Exceptional communicator able to influence and motivate clients, teams, stakeholders, and all tiers of leadership.Demonstrated ability to lead successful business operations including multimillion-dollar P&L management, vendor coordination and supply contract negotiations. Expertise in developing and implementing capital projects including expansions, improvements, and green field constructions; ability to work with various mechanical and chemical systems within processing facilities. Core Competencies: • Management• Customer Service• Business Development• Strategic Planning• Financial Modeling • Project Management• Engineering• Discounted Cash Flow Modeling• Product Development• Research • Public Speaking• Teambuilding• Project Engineering• Market Analysis• Relationship Management
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Director Innovation And StrategyAdm Jan 2022 - PresentChicago, Il, Us -
Commercial Development Director, BiosolutionsAdm Jun 2021 - PresentChicago, Il, UsSource, develop, and execute on strategic partnerships to help enable the commercial and sales of ADM's entire portfolio of products into industrial applications. -
Commercial DirectorAdm Jul 2019 - Mar 2021Chicago, 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 CAPEX projects.• 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.- Rebalancing the product and customer matrix to optimize profitability.- Developing a detailed 1-year and 5-year growth strategy with metrics.- Provide business visibility to senior management to secure allocation of the appropriate capital for successful growth.• Identified the most critical areas within the company to allocate human resources support, and built a business case to backfill these positions within a six month window. - Resulted in significant improvements across KPIs including production yields, output, and quality management, growing starch yield by 7%; contributed to an estimated 10% growth in top line revenue for FY2020. -
Commercial Business Development ManagerAdm Oct 2018 - Jul 2019Chicago, 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 financial metrics. • 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. -
Account Manager/Business Development - Industrial OilsAdm Nov 2015 - Oct 2018Chicago, 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 incremental OP).• 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. • Negotiated profitable contracts with clients and vendors.• Developed strategic growth strategies in industrial areas such as but not limited to oil and gas, polymer, coatings and adhesives, etc.• Facilitated monthly world calls with industrial oil counterparts in EU and SA to unify the growth objectives in all regions.• Provided leadership and coaching to an account sales team to provide exceptional coverage to each account.• Developed customer relationships using deep understanding of customer business needs. • Maintained accurate customer account and sales data within Salesforce CRM to ensure proper retention.• Leveraged PowerBI to conduct business analytics and refine growth strategies. -
MerchandiserAdm May 2014 - Nov 2015Chicago, 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. -
Plant Superintendent, ParaguayAdm Nov 2013 - May 2014Chicago, 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. • Developed positive relationships within the community. • Provided solutions and promoted teamwork amongst various plant groups such as production, quality, environmental, maintenance and engineering. -
Project EngineerAdm Jan 2010 - Nov 2013Chicago, 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 support, etc.• 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. • Assisted in the preparation of estimates and quotes. -
Process EngineerAdm Jan 2008 - Jan 2010Chicago, 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. • Assessed risks and issues and troubleshot as needed.
David Rice Skills
David Rice Education Details
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University Of Illinois Urbana-ChampaignMaster Of Business Administration - Mba -
University Of DaytonMechanical Engineering
Frequently Asked Questions about David Rice
What company does David Rice work for?
David Rice works for Adm
What is David Rice's role at the current company?
David Rice's current role is Director Innovation and Strategy at Archer Daniels Midland Company | Leader in Profitable Business Development.
What is David Rice's email address?
David Rice's email address is ri****@****ail.com
What schools did David Rice attend?
David Rice attended University Of Illinois Urbana-Champaign, University Of Dayton.
What skills is David Rice known for?
David Rice has skills like Management, Microsoft Office, Customer Service, Microsoft Excel, Project Management, Engineering, Public Speaking, Project Engineering, Sales, Business Strategy, Problem Solving, Business Development.
Who are David Rice's colleagues?
David Rice's colleagues are Brian Berger, James Osei, Asmaul Rahaman, Kunal Sani, Conceição Pazo, Vitalij Pašyn, Thathuvacithiran R.
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