John Forester Email & Phone Number

Toronto

Completed acquisition of USA facility providing North American manufacturing capability in Canada, USA and Mexico as well as adding 50% more revenue. Concurrent with the acquisition refinanced / restructured total debt providing more stable, longer term financing for future growth.Tasked to take the organization to the next level. Reengineered financial reporting & budgeting, reduced monthly reporting time by over 75% and established new lender relationships. Leading and enabling Six Sigma continuous improvement projects across the organization.

Tasked to build a finance team, establish financial institution relationships, reengineer financial reporting & planning, secure financing and complete an acquisition. All objectives delivered.Increased profit over 20%, doubled sales as a result of completing acquisition (2 facilities in USA, one in Canada and one in Asia) added $2 million to profit running foreign exchange hedging program, negotiated and secured financing, reduced monthly reporting time 66%, developed budgeting / planning models & processes and built finance team.

Reporting to the President, tasked to drive cross functional organizational reengineering required to improve service levels and reduce cost, as well, to ensure compliance with corporate policies & procedures. Final deliverable was the restructuring of HR and the elimination of own position. Was executive responsible for Human Resources, Change Management, Information Systems and Corporate Comminications. Member of Financial Review Committee, Audit Committee, Corporate Compliance Committee and Pension Committee.Saved over $20 million in annual costs by delivering service level improvements, cost reduction and eliminated headcount through cumulative cross functional reengineering initatives.

The elimination of the Japanese financial executive role created a change in reporting relationship and a promotion. Reporting to the President and North American CFO, responsible for profitability, financial reporting, planning, corporate finance / treausry, audit, financial controls, operating & financial systems and tax management.Saved over $5 million by accessing public debt markets and reducing cost of funds.Achieved profit and cost reduction objectives totalling $10 million through new revenue opportunities and systematic expense reviews..

Recruited by search firm for start up of captive finance company. Responsible for profitability, staffing, corporate finance / treasury, financial controls, financial reporting, budgeting, forecasting, operating and financial systems, operations, tax management and insurance.Finance member of executive team that led start up and growth of the finance company from zero to over $4 billion assets under management.Delivered increased funding capacity and reduced cost of funds through significant financial instution relationship building and extensive capital markets transactions.Implemented and oversaw financial reporting, lender reporting and compliance processes.Added over $10 million to profit through implementation of derivative financial instrument strategy to manage foreign exchange and interest rate risk. Managed US$1 billion foreign exchange exposure and over CAD$3 billion of debt financing.Transitioned financial systems to SAP to meet Canadian, US and IAS GAAP requirements.

Mba, International Business And Finance

Cpa, Cma

Bachelor Of Commerce, Finance / Accounting