Howard Feldenkris Email & Phone Number

Developing the company's first Annual Operating Plan and new financial reporting package, Working with management to improve financial acumen and drive accountability and communication using the budgeting process. Evaluating all elements of the company's cost structure and driving efficiency improvements and cost reductions where necessary. Working with the Accounting team to improve cost accounting reporting issues, and to expedite the month end closing process. Working closely with the executive team to improve the quoting process.

Maple Heights, Oh, Us

CLIFTON STEEL COMPANY, Cleveland, Ohio 2009 to Present A $40 MM Steel service center and fabricator of abrasion and wear resistant steel products.Chief Financial OfficerConceptualized Industry based Commercial Sales Initiative and hired Commercial Sales Manager to execute strategy.Reduced cost to offset declining military market, including closing two manufacturing facilities.Developed plan for Company President to buyout family members and recapitalize the company.Leading the effort to implement a new ERP system. Reduced inventory by 50%, with particular emphasis on slow moving items.

Northfield, Ohio, Us

HY-KO PRODUCTS COMPANY, Northfield, Ohio June 2008 through March 2009A $40 MM manufacturer and reseller of consumer products sold to Big Box RetailersInterim Chief Financial OfficerLed efforts to reduce costs at underperforming Mexican subsidiary ($500,000 loss to breakeven).Secured $2MM in additional bank financing to finance equipment expansion.Successfully directed company through its first financial statement audit.Developed consolidated financial reporting system.

WHIRLAWAY CORPORATION, Wellington, OH 1994 to 2008$80 million manufacturer of precision-machined components / assemblies for highly engineered automotive and industrial OEM mechanical systems with 4 ISO-certified manufacturing plants and 600 associates. Chief Financial Officer (1999 to 2008)Member of senior management team with P&L accountability and responsibility for Finance, Accounting, and Information Technology with a team of 10 associates. Driving force behind company moving up the value chain from a supplier of precision-machined components to a provider of increased value-added fluid control assembled and tested products.Directed sale of Company to NN, Inc. in November 2006 for $46 million in cash.Prepared financial projections and delivered marketing presentation to acquiring company. Compiled / supervised all financial / legal due diligence and negotiated sale price.Secured financing over $40 million by maintaining key relationships with banks, leasing companies, and outside accountants. Performed due diligence and conceptualized offers and negotiating strategy for potential acquisitions.Successfully completed acquisitions of two precision machine parts suppliers. Partnered with Manufacturing to develop annual operating plan and used plan to set operations targets.Established cost cutting initiatives through suppliers, process improvements, and headcount reductions.Directed IT to support business objectives.Passed all audits including bank, public company, and annual financial statement auditsDeveloped Company’s financial reporting, cash management, and planning / budgeting systems,Implemented Company’s first marketing plan including market / industry research, website and brochure development, and hiring of sales representatives.

Cleveland, Oh, Us

EVARTS CAPITAL, INC., Cleveland, OH 1993 to 1994Private investment banking firm specializing in M&A and locating sources of growth capital / bank financingConducted searches for clients seeking to grow through acquisition; identified acquisition targets to facilitate acquisition by a leading Michigan rubber components manufacturer.Sold two non-strategic divisions of a Fortune 500 company.

Coordinate preparation of all Annual Operating Plan Materials for 30 unit Holding Company, comprised of mid sized manufacturing companies. The Annual Planning Process was also used to set targets for Profit, Cash Flow, Working Capital Management and Capital Spending targets. These targets were used by the Holding Company's Operations and Financial Management to measure and drive performance.

Orange Village, Oh, Us

Preparation of Financial Statements and coordination of accounting, investor, and tax matters for the Private Equity Firm.