President
CurrentSkidmore is a leading manufacturer of steam condensate return, boiler feed and vacuum pump sets, vents, specialty packaged systems, and related control panels for the commercial, industrial, institutional and residential markets.Skidmore capabilities include engineering, design, R&D, welding, assembly and finishing and also has a UL approved electric control panel lab. The Company continues to grow within its market segments and is tactically developing products and engineered systems and services for new and emerging markets and customer needs.Key Contributions: • Restructuring: - Carefully reconstructed the leadership team by bringing on a new VP of Eng. & Ops, Director of Finance & HR, Purchasing & Supply Chain Manager, and an Accountant all at once. - On-boarded a new Sales & Marketing Manager as existing person retired after 43 years. - Added mechanical and electrical engineers to freshen the existing product line and to begin new product development.• Implemented a Business Operating System across the company to measure performance in select areas and introduced visual shop floor management.• Grew business 9.8%; a 7x increase versus CAGR of 1.4% (1997 ~ 2017); highest revenue on record.• Weathered 17+ price increases from suppliers with zero impact to budgeted Net Income.• Identified $369K in cost savings, including but not limited to, outsourcing of select activities, switching vendors, changing a cost center to a profit center, select investment (LED lighting), and more. • Fully redeployed ERP which included changing from Standard to Actual Costing.• Instituted a new profit share program and localized management of the company’s retirement savings program from corporate resulting in both lower cost and improved investment support. • Developed a Market Reentry Strategy for an under performing product resulting in recommendations on distribution, brand, and technical performance/ROI data.