Executive Vice President, Global Supply Chain And Business Operations
Estero, Fl, Us
World’s largest car and equipment rental brand with $8B revenues and 8,500 locations in 146 countries.Full P&L responsibility for over $10B in global fleet assets, reporting directly to the CEO. Delivered a 390 basis-point improvement in profit margins and grew market share 1.5 points. Built and led global supply chain organization and strategy that delivered $515MM in cost savings over a 3-year period. Other operating responsibilities include $2.5B in non-fleet procurement, all real-estate and facilities management, customer care, document services, process improvement, and the Program Management Office. • Successfully transformed Hertz’s fleet lifecycle management strategy and processes, including acquisition, business planning and portfolio/mix management, distribution and logistics, and remarketing channel development. Resulted in $320MM in fleet cost savings – 25% reduction in fleet operating expense, 315-basis-point improvement in asset utilization. • Centralized procurement function, restructured organization and sourcing processes, and executed global sourcing strategies resulting in $120MM annualized cost savings.• Founder, with full P&L responsibility for Hertz Rent2Buy business. Created, launched, and led this innovative start-up in adjacent market - a direct-to-consumer car sales business generating over $100MM annual revenue with $10MM annualized net profits, growing over 20% quarterly.• Improved working capital days by 21% through procure-to-pay initiatives and better management of payables, receivables, and inventory.