Michael P. Richardson

Michael P. Richardson Email and Phone Number

"Doing The Impossible Is Fun !", Global Operations Leadership, Strategic Business Transformation, Information Technology Leadership, Lean Manufacturing, Continuous Improvement, Crisis Management and P&L Ownership. @ ASMPT NEXX, Inc.
Michael P. Richardson's Location
Bedford, Massachusetts, United States, United States
Michael P. Richardson's Contact Details

Michael P. Richardson personal email

n/a
About Michael P. Richardson

My brand can be summarized with the saying “doing the impossible is fun”. Accomplished executive with a 20+ year track record of owning accountability for all aspects of Global Operations and Information Technology Systems.Results-oriented and highly analytical executive with a dynamic career showcasing superior leadership capabilities while owning accountability for the success of multiple, high-level functions. Principal Operations Officer who led significant business transformation initiatives building best in class businesses across the globe generating $2 Billion USD in new business. Repeatedly recognized for driving continuous improvement enterprise-wide that has directly resulted in significant cost savings, reductions in operational expenditures, reduced production risk, and dramatically expanded revenues. An intentional servant leader focused on developing a healthy organizational culture and building teams that serve customers, cultivate innovation, and facilitate collaboration that drive strategy to execution with complete transparency and no surprises. Results are always consistent, repeatable, sustainable, & predictable.Accomplishments➣ Established and optimized 6 different product lines across 8 factories and 8 field service centers covering over 900,000 ft^2 across the globe spanning all time zones. Eliminated waste in every operation by designing visual factories, transparent status automation, Check-Do-Check quality systems, process simplification and design for manufacturability & reliability. Lean initiatives reduced assembly hours 33% across all product lines and reduced product lead times by 50%. Exemplary Supply Chain performance and leadership saving $9M annually while reducing production risk. Developed competitive sources for single source suppliers and improved GM by consolidating and improving supplier agreements. Pushed out supplier payment terms to increase working capital to add critical component inventory.➣ Established a division in Timisoara Romania to manufacture renewable energy Wind Turbine Electrical Control Systems. Transferred production from scientists. Hired the team, built a green field factory, established a local supply chain, grew revenues from $0 to $50M in the first year and improved operations from 50% to 65% GM by integrating “Digital” business data systems, lean initiatives, and workforce development. Generated $280 Million USD in new business. Team size totaled 120 with 6 direct reports within 80,000 ft^2.

Michael P. Richardson's Current Company Details
ASMPT NEXX, Inc.

Asmpt Nexx, Inc.

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"Doing The Impossible Is Fun !", Global Operations Leadership, Strategic Business Transformation, Information Technology Leadership, Lean Manufacturing, Continuous Improvement, Crisis Management and P&L Ownership.
Michael P. Richardson Work Experience Details
  • Asmpt Nexx, Inc.
    Principal Operations Officer
    Asmpt Nexx, Inc. Sep 2023 - Present
    Billerica, Massachusetts, Us
    ASMPT NEXX | Semiconductor Manufacturing Capital Equipment ProviderResponsible for Operations at ASMPT NEXX, a market leader in electro-chemical and physical vapor deposition Advanced Packaging tools for the semiconductor industry. Our equipment is powering the More-than-Moore paradigm shift for mobile electronics and advanced servers with increasing speed and low power consumption, enabling next-generation heterogeneous integration and multi-chip fan-out packaging approaches.➣ Deployed an inventory process that was at risk of outside auditor default into a restructured physical setup with part addresses aligned with ERP, eliminating parts overflow into hallways and consolidated kitting operations using a VLM. Implemented a daily cycle count process that went from 0 to over 99% accurate after a few months validating over 20,000 parts reestablishing credibility with auditors. Reduced Inventory losses by 10%. ➣ Created visible and transparent operations status metrics to align the entire organization with progress weekly using automated dashboards and structured content reporting progress for labor, materials, test and on time deliveries. Improved out of box quality by 15%, reduced back-order items by 60%, increased OTD from 16% to 70% within six months. ➣ Improved execution for spare parts and consumables business improving on time delivery from 40% to 83% and grew revenue from $200,000/week to $600,000/week removing bottlenecks and streamlining the process.➣ Improved employee turnover by 40% and built a high-performance manufacturing team while expanded to two shifts per day and reduced time to build tools from 2,000 hrs/tool to 1,380 hrs/tool while improving training. ➣ Improved Malaysia Contract Manufacturers delivery performance to 100% on time delivery while reducing their labor hours from 1,900 hrs/tool to 1,200 hrs/tool.
  • Onto Innovation
    Principal Operations Officer
    Onto Innovation Feb 2022 - Sep 2023
    Wilmington, Massachusetts, Us
    Onto Innovation | Semiconductor Manufacturing Capital Equipment ProviderResponsible for all Lithography product operations. The JetStep X500 panel lithography system is optimized for volume manufacturing of high-end AICS and advanced packaging panels. The system incorporates a large field exposure system with advanced robotics & automation features to meet the challenging requirements encountered in production of AICS or panel level packaging, such as; fine resolution to 3µm with large depth of focus (DOF), high overlay accuracy of ±1µm, automatic magnification compensation with independent x and y magnification adjustment of ±100 ppm, and automatic handling of panel substrates of various dimensions, thicknesses, and levels of warp. The JetStep X500 system incorporates the largest available exposure field with resolution capability to 3µm L/S and options for increased resolution to 1µm L/S at smaller field sizes. ➣ Grew annual Revenue from $20M to $80M scaling up the X500 product line.➣ Reduced Build & Test cycle time from 180 days to 60 days solving the most technically challenging optical issues driven from insufficient supplier product quality and inherent hardware memory design flaws.➣ Built a high-performance manufacturing team from 3 technicians to 30 providing training while filling out shifts 24/7.➣ Finalized the M&A of IVS Inspectrology of Sudbury MA setting up a green field operation at 65 Upton Drive across from Wilmington headquarters in a new 60,000 square foot facility. Generated first year revenue of $25M. ➣ Developed manual data synthesis processes to predict parts availability as data connectors were not implemented in the SAP deployment completed during the pandemic. This bridged the gap where shortages were only identified after work order release, not allowing sufficient time to expedite given supplier lead times of 4 to 26 weeks when 60% of the global supply chain was late delivering by 25%.
  • Amsc
    Vice President Global Operations
    Amsc Apr 2013 - Oct 2020
    Ayer, Massachusetts, Us
    American Superconductor Corporation | Renewable Energy & Smart Materials CompanyOwned accountability for the overall success of Global Operations while focusing on driving continuous improvement and strategic objectives. Controlled multiple high-level functions including Manufacturing, Supply Chain, Quality Assurance, Field Service, and Information Technology. Employed a hands-on approach to cultivating the next generation of leaders through strategic talent development initiatives including mentorship, structured training, and frequent feedback. Team size totaled 180 with 11 direct reports.➣ Closed all International Operations due to the Pandemic's negative impact on cross-border business.➣ Ownership of 6 product lines manufactured in 8 factories covering 800,000 ft^2 across the globe spanning all time zones including Wind Turbine Electrical Control Systems, Power Modules, HTS Smart Superconductors, U.S. Navy Degaussing Systems, DVAR VVO and DVAR Voltage Support Systems enabling Solar and Wind Farms to connect to the GRID. Streamlined operations into lean work cells reducing assembly hours by 33% while identifying and eradicating supply chain corruption. Established DVAR production in Devens, MA closing the New Berlin WI operation.➣ Reduced the annual operational cash burn by $7M and secured a $23M lump sum by expertly navigating a massive relocation and downsizing of the Devens MA manufacturing facility (355,000 ft^2) to Ayer, MA (89,000 ft^2).➣ Recognized for exemplary Supply Chain performance and leadership by saving $9M annually while reducing production risk. Developed competitive sources for single source suppliers and improved GM by consolidating and improving supplier agreements. Pushed out supplier payment terms to increase working capital to add critical component inventory. ➣ Doubled revenue by operationalizing international field service groups into a cohesive global team generating $8M/year covering 109,000 ft^2 across the globe.
  • Amsc
    Principal Compliance Officer
    Amsc Apr 2013 - Oct 2020
    Ayer, Massachusetts, Us
    Ownership of all corporate compliance responsibilities including Export, ITAR, Conflict Minerals (3TG), ITGC SoX, Modern Slavery, GDPR, RoHS, REACH, ISO 9001(Quality Management System), ISO 14001(Waste Management), ISO 26000(Sustainability), ISO 45001(Employee Health & Safety), and ISO 27001(Cybersecurity).
  • Amsc
    Principal Information Officer
    Amsc Apr 2013 - Oct 2020
    Ayer, Massachusetts, Us
    Owned accountability for all "Digital" business systems & data leveraging technology investments to drive operational process automation improvements, workflow capabilities, and increasing internal customer satisfaction. Developed the high-performance team and process that successfully defended cybersecurity attacks from the PLA unit 61398 in coordination with Crowdstrike, FBI and the NSA.
  • Amsc
    Managing Director, Global Information Technology & Supply Chain Management
    Amsc Apr 2012 - Apr 2013
    Ayer, Massachusetts, Us
    Delivered strategic leadership and operational oversight to the execution of Information Technology and Supply Chain functions around the globe. Ensured on-time delivery for all customer requirements while identifying and eradicating corruption in the global supply chain. Deployed Business Process Automation across all workflow processes using SharePoint, Microsoft Flow, Apple Workflow and Jira. Restructured the China business after the primary customer theft of Wind Turbine Electrical Control System Operating Software to the right size for a small set of new customers. Implemented Check-Do-Check operator quality points system and visible score board reducing defects by over 50% and improving Gross Margin by 8%. Team size totaled 120 with 8 direct reports.
  • Amsc
    Managing Director, Global Information Technology & Business Transformation
    Amsc Apr 2011 - Apr 2012
    Ayer, Massachusetts, Us
    Drove core mission and values of the enterprise while dynamically leading the Global Information Technology and Corporate Business Transformation divisions. Employed a hands-on approach to formulating short and long-term plans that align with the strategic goals of the company. Led teams throughout all daily activities and special initiatives. Successfully completed a $200M USD acquisition of a Finnish company (The Switch) when funding ran out due to the theft of Intellectual Property in China. Team size totaled 100 with 12 direct reports.
  • Amsc
    Director, Strategic Planning & Corporate Development
    Amsc Apr 2009 - Apr 2011
    Ayer, Massachusetts, Us
    Dynamically led all aspects of corporate international business development and business transformation. Directed a highly skilled, multidisciplinary team including top-level consultants from IBM, AT&T, and Apps Associates throughout the formulation and execution of large-scale strategic initiatives including implementing an Oracle R12 ERP business system across the globe. Team size totaled 64 with 48 direct reports.
  • Amsc
    Manager, Strategic Planning & Corporate Development
    Amsc Apr 2007 - Apr 2009
    Ayer, Massachusetts, Us
    Ownership of international business development, mergers & acquisitions. Responsible for strategic planning used to raise $80M USD in new equity with Morgan Stanley. Established a Wholly Owned Foreign Entity (WOFE) in Suzhou China to manufacture renewable energy Wind Turbine Electrical Control Systems. Hired the team, built a green field factory, established a local supply chain, grew revenues from $0 to $500M/yr in two years and improved operations from 40% to 60% GM by integrating “Digital” business data systems, lean initiatives, and workforce development. Generated $1.2 Billion USD in new business. Team size totaled 480 with 14 direct reports.
  • Amsc
    Business Unit Controller | Program Manager
    Amsc Apr 2000 - Apr 2007
    Ayer, Massachusetts, Us
    Ownership of a $100M program to successfully deliver a novel 36.5MW High Temperature Superconducting (HTS) light weight and power dense motor & drive system for DD(X) class destroyers for the Office of Naval Research. Team size totaled 24 with 5 direct reports.
  • Helix Technology
    Program Manager | Npd Engineer | Quality Assurance Engineer | Reliability Engineer
    Helix Technology Apr 1995 - Apr 2000
    Us
    Helix Technology Corporation, CTI-Cryogenics Mansfield, MA | Semiconductor Vacuum Equipment CompanyOwnership of ever increasingly complex new product introductions and business programs. Developed a highly successful line of cryogenic vacuum products including the Onboard 4F, Onboard 10F, Onboard Extended Capacity 10, and the 9600 IPC Compressor. Provided crisis leadership of multiple teams charged with solving significant business and product engineering challenges. Increased personal responsibility from the factory floor to the staff offices of the executive team eventually reporting to the CFO for special programs, including the sale of the company to Brooks Automation, Chelmsford MA.

Michael P. Richardson Skills

Business Transformation Crisis Management Change Management Organizational Development Erp System Inplementation Strategic Leadership Lean Manufacturing Program Management Erp Cross Functional Team Leadership Engineering Manufacturing Management Project Management Leadership Strategy Mergers And Acquisitions Product Development Business Strategy Continuous Improvement Business Planning Product Management Strategic Planning Creating Green Field Operations Supply Chain Corruption Prevention Business Development Global Sourcing International Business Business Process Improvement Business Process Outsourcing Operational Excellence Systems Engineering Supply Chain Management Process Engineering Consulting Six Sigma Testing Enterprise Software Reliability Engineering

Michael P. Richardson Education Details

  • Babson F.W. Olin Graduate School Of Business
    Babson F.W. Olin Graduate School Of Business
    Summa Cum Laude
  • Northeastern University
    Northeastern University
    Summa Cum Laude
  • Massachusetts Institute Of Technology
    Massachusetts Institute Of Technology
    Electrical Control Systems

Frequently Asked Questions about Michael P. Richardson

What company does Michael P. Richardson work for?

Michael P. Richardson works for Asmpt Nexx, Inc.

What is Michael P. Richardson's role at the current company?

Michael P. Richardson's current role is "Doing The Impossible Is Fun !", Global Operations Leadership, Strategic Business Transformation, Information Technology Leadership, Lean Manufacturing, Continuous Improvement, Crisis Management and P&L Ownership..

What is Michael P. Richardson's email address?

Michael P. Richardson's email address is mr****@****msc.com

What schools did Michael P. Richardson attend?

Michael P. Richardson attended Babson F.w. Olin Graduate School Of Business, Northeastern University, Massachusetts Institute Of Technology.

What skills is Michael P. Richardson known for?

Michael P. Richardson has skills like Business Transformation, Crisis Management, Change Management, Organizational Development, Erp System Inplementation, Strategic Leadership, Lean Manufacturing, Program Management, Erp, Cross Functional Team Leadership, Engineering, Manufacturing.

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