Richard Demers Email and Phone Number

Manufacturing of high-end goalie protective equipment. General and Cost Accounting, Controls, Oracle Implantation, Plant Construction Project Management, People Management. HR Manager's role.

Cost accounting, budgeting, financial review, and analysis.

Acting Controller (contract) for a retailer under the Companies Creditors' Arrangement Act. Production of financial statements, cashflow and other reports for the trustee.

Business development, System Implementation Solution & Service, Project and Team Management.

Financial and operational advisory and audit for various clients: large tire manufacturing multinational, Canadian largest dairy cooperative, major auto parts distributor, medium-size SME machine manufacturer, oil & gas company etc. - Recent advisory services included controllership, accounting process, ERP system implementation, commodity hedging process review (US), manufacturing and financial operating process reviews. IFRS, US GAAP, SOX environments.

Managing accounting, finance and control activities:- Period end closings, preparation and review of Financial Statements, reporting packages (MD&A, BOD);- Treasury, Tax, Payroll, Accounting, A/P, FP&A; Actual vs Budget Analysis, (IFRS, 52-109/SOX);- Process Improvement, Project Management & Analysis (Plant Construction of over $100M), Control, IT.

Leading all financial functions including accounting, treasury, reporting, FP&A, IFRS, BR GAAP, SOX - Turned a R$ 3M deficit company to a R$ 3M profit within my first year of service;- Implemented sustainable processes in finance, KPI’s, Risk Management, corporate policies;- Introduced currency hedging ($400K+ benefits), revamped pricing, costing, credit and freight practices.

In the first phase of a new ERP system implementation process and with concordance to 52-109: - Process mapping, weakness detection and recommendation of solutions, change management;- Drafting and Implementation of Corporate Policies and Procedures for all North-American Plants; - New Policies and Procedures: Authorization Matrix, Sourcing, CAPEX, Communication of Results.

Created the Internal Audit Department, reporting to the Audit Committee. Initiated and implemented the Enterprise Risk Management (ERM); created and led the SOX (C198/52-109) program:- $10M direct impact to the bottom line directly linked to the completion of the ERM program;- Completed the entire SOX (C198/52-109) program and IT General Controls in only 5 months;- Conducted important Audits and Investigation and Special Audits and introduced 52-109 sub-certificates;- Key role in the implementation of the business continuity planning and disaster recovery plan.

Contracts also for Quebecor World, SNC Lavalin and CGIIn charge of financial and operational audits and control. Also responsible and/or collaborator for the SOX/C198 program including implementation of risk assessment, documentation and testing under the COSO framework. I also implemented SOX program.

Planned, coordinated and reviewed internal audit work and 52-109 program/ITGC. Reporting to the Audit Committee.- Implemented the ERM program with the involvement of leaders from various sectors; - Review of a newly acquired company and Global Sourcing process allowed $20M/yr in savings

Lead all financial activities of the Amphibious Aircraft Assembling Plant, including reporting, budgeting and forecasting (FP&A), control and pricing (Canadian & US GAAP). - Special Project Finance Leader of a multidisciplinary team who’s mandate was to present and advise the CEO about re-starting its operations.- The result of our teamwork for the re-start project resulted in annual profits of over 60M$; - I led the spare parts division reorganization which greatly contributed to its lucrative sale.

Plant Controller (2003-2004), Morrison, TN, USA Finance leader of the largest truck and bus plant in the USA, and in charge of the following departments: Accounting, Reporting (US GAAP), FP&A, Control, Procurement, Payroll, Distribution and Warehouse.- Several Excellence Rewards: Best Productivity (Distribution), President Award (Accounting, Purchasing); - $4M annual savings, insuring spare parts usage optimization for both locally and within regional plants (Six-Sigma Champion).Senior Corporate Auditor -Americas (2001-2003), Nashville, TN, USAFinancial and operational audits of Bridgestone’s business units across North and South America. - Key role in the implementation of better internal and operational controls and governance, risk and fraud detection and prevention.- In charge of the due diligence for the purchase of 2 enterprises totaling over $60M; - High profile achievements for IT Security Improvement, Reduction of Risk of Fraud , Sourcing and Procurement, Corporate Strategic Plan, Succession Plan, Recall Process and Special InquiriesSenior Corporate Auditor, Bridgestone Canada, (1996-2001), Toronto, ON Audited all corporate activities and divisions (retail, distribution, corporate functions, anti-fraud, etc.).- Best performance among the North American auditors: Fraud discovery and recovery of over $6M; - Implemented SAP (Corporate), Point of Sale System, Operational & Audit Procedures for the CDN Retail division. - Led numerous Special Mandates: Retread Operations, Distribution, HR, Leasing Contracts, etc.