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Results oriented Financial leader with emphasis on manufacturing operations. Experienced in both management and hands-on roles. Effective in creating a positive and productive work environment. Diverse and progressive background in manufacturing, converting, distribution, and consumer services; with public and private equity owned companies. Areas of expertise include:• Forecasting / Budgeting• Process Improvement• KPIs and Metrics• Margin Improvement• Cost Control / Management• Strategic Planning• Financial Reporting• Cash Management• Business / Financial Analysis• Working Capital Reduction• Product Costing• Operations Reporting Select accomplishments include:• Generated product margin improvements through introduction of sales and margin variance analysis.• Designed product costing methodology using product specific operating parameters; utilized to determine product profitability and improve EBITDA.• Reduced debt balances through implementation of cash forecasting models to improve cash management.• Introduced process improvements in accounting organizations, resulting in shortened month-end close timelines and cost savings from reduced headcount.• Improved external audit results; limiting length and cost of Financial and 401(k) audits.• Introduced KPIs for performance measurement to drive continuous improvement.• Achieved adherence to Generally Accepted Accounting Principles (GAAP) when proposals to the contrary arose, assuring compliant financial statements.
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Financial PrincipalMla Companies Oct 2019 - PresentDayton, Ohio, UsOutsourced CFO services for small and medium sized businesses. -
Corporate ControllerTooling Tech Group Mar 2017 - Jun 2019$160MM private equity owned multi-state tool and die manufacturing business group, moving HQ to MI. · Designed and implemented cash forecasting and tracking model for managing cash across multiple operating locations, reducing revolving line-of-credit balance by $2MM.· Performed assessment of unprofitable operating location, identifying areas of improvement and corrective actions – within both the operation and internal controls – to reduce $1MM of monthly incremental outsourcing. · Streamlined multi-site consolidation process; reducing time to complete from 2.5 down to 0.5 days.· Accelerated covenant reporting through use of Excel based compilation methodology.· Optimized group cost allocation process by initiating use of Corporate level G/L to segregate activity.· Coordinated data acquisition in preparation for sale due diligence.· Primary contact and resource for coordination with banking, financing, audit, and tax service providers.
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ControllerTooling Technology Mar 2017 - Jul 2018$35MM lead manufacturing operation of $110MM private equity owned multi-state group, growing to $160MM via acquisitions. · Generated sales and margin analysis at the product type level, using sales volume and mix variances to explain fluctuations in EBITDA % to Sales. Led to price increases on lower margin product line.· Developed comprehensive set of KPI’s and process changes to improve management of operations, with focus on increasing efficiency and profitability. · Finance and Accounting representative on ERP implementation project team.
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ControllerHolloway Sportswear May 2015 - Feb 2017$90MM business division of private equity owned $250MM athletic apparel group, preparing for corporate restructure and consolidation to shared service platform. · Redesigned Budgeting process and timeline to increase efficiency by removing bottlenecks and inconsistencies; while bringing accountability and ownership to functional leadership.· Restructured Accounting department and processes, reducing staff by 29%, saving over $130K per year, and reducing time to complete month-end close by 43% (from 3.5 down to 2 business days). · Worked collaboratively with VP of Operations to develop a comprehensive and structured approach to obsolete inventory, designed to reduce it from 25% down to less than 5% of FG inventory. · Implemented a value-adding analytical focus, and broad based business view within the Accounting team.
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Commercial Finance ManagerAvery Dennison Sep 2013 - Dec 2014Mentor, Ohio, Us$1.5B label manufacturing division of $6.1B company. · Guided analysts in transition from focus on top-line Sales to one of product profitability. · Business partner to converting business Director; assisting in their learning and understanding of financial drivers within their business and developing profit-oriented decision making. -
Regional Plant ControllerAvery Dennison Dec 2012 - Aug 2013Mentor, Ohio, UsCompany’s largest North American operating facility, transitioning to Plant Analyst focused organizational structure. · Incorporated Price/Volume/Mix calculations into weekly Risk & Opportunity forecast reviews for improved communication and comprehension of financial impact. -
Acting CfoSmart Papers Oct 2011 - Dec 2012UsFinance and HR leader during wind down and closure of private equity owned $60MM paper manufacturer. · Stratified products into actionable groups – commodity/negative margin, specialty/high margin, consumable/zero margin; and provided Executive Management with EBITDA improvement actions for each. · Performed cash forecasting and tracking to manage spending and assist CEO in maximizing return to private equity ownership from wind down activities. · Executed termination and exit of 401(k) Plan and Employee Benefit programs. -
ControllerSmart Papers Mar 2008 - Dec 2012Us$150MM private equity owned specialty paper manufacturing and power generation business that divested down to $60MM. · Improved External Audit results – reduced number of Management Comments to 0, reduced length of time to complete to 5 weeks, and reduced cost by $132K. · Performed strategic pro forma financial modeling to analyze entity sale; targeting EBITDA improvement. · Restructured Accounting department and processes, reducing staff by 43%, saving over $300K per year, and reduced time to complete month-end close by 6 business days.· Designed operations-based product costing methodology, to provide analysis of Margin by product. · Completed seller side of financial Due Diligence related to possible entity sale. -
Business Operations ManagerInsight Communications Nov 2005 - Feb 2008New York, New York, UsStrategic member of leadership team, charged with turn-around of underperforming operation. · Delivered improvements in all areas of Financial Management by implementation of KPI measurements and results analysis. · Decreased SOX exceptions to 0 in six months, down from a high of 9 per quarter. · Restructured and re-aligned Finance department, reducing staff by 45%, and saving over $100K per year. -
Business ManagerKelly'S Cookies Jun 2002 - Nov 2005Entrepreneurial endeavor inclusive of leading Operations, Sales, Marketing, as well as Financial Planning and Control aspects of acquired business. Coordinated facility layout and startup of operations. · Gained knowledge of selling process and metrics driven approach via Sandler Sales training.
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Controller, Consumer Brands GroupInternational Paper - Printing And Communication Papers Sep 1999 - Dec 2001$600MM retail distribution business with rapid growth from $200MM, via acquisitions and organically. · Led direct reports through creation of P&L reporting process to capture Channel, Cross Functional Team, and Customer profitability. Provided Sales Teams with revenue, margin, and expenses on a Current Year / Prior Year / Budget basis. Reviewed variances with team members to identify course corrections.· Developed, implemented, and utilized performance measurement reporting for Accounts Receivable group. Used in the collection of aged A/R, generating $67MM of positive cash flow. · Instructed financial education training seminars for non-financial managers with focus on P&L sensitivities to pricing, rebates, promotions, and expenses in relation to Margin, EBIT, and ROI.· Awarded top quartile ranking within all company managers based on Gallup Employee Engagement survey (employee rating of their manager’s performance), scoring 4.57 on 5.00 scale versus company average of 3.47.
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Controller, IbrandsXpedx - Division Of International Paper Sep 1998 - Sep 1999UsStart-up retail distribution business unit that grew to $200MM in first year. · Created P&L reporting mechanisms and pro-forma profitability models. · Analyzed pro-forma sales mix and servicing costs of potential new customers. Utilized as critical information in building startup business segment to $20MM first year and exceeding budget results. -
Manager, Distribution AnalysisXpedx - Division Of International Paper May 1997 - Sep 1998Us -
Controller - Independent ConsultantPrintpack Jan 1997 - May 1997Atlanta, Ga, Us -
Business AnalystJames River - Packaging Business Nov 1992 - Dec 1996Us -
Senior Cost AnalystChampion International Sep 1990 - Oct 1992
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Cost AnalystChampion International Jan 1989 - Aug 1990
Keith Hummel Skills
Keith Hummel Education Details
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St. Cloud State UniversityAccounting
Frequently Asked Questions about Keith Hummel
What company does Keith Hummel work for?
Keith Hummel works for Mla Companies
What is Keith Hummel's role at the current company?
Keith Hummel's current role is Principal at MLA Companies.
What is Keith Hummel's email address?
Keith Hummel's email address is kh****@****aol.com
What is Keith Hummel's direct phone number?
Keith Hummel's direct phone number is +151330*****
What schools did Keith Hummel attend?
Keith Hummel attended St. Cloud State University.
What skills is Keith Hummel known for?
Keith Hummel has skills like Forecasting, Process Improvement, Strategy, Management, Budgets, Financial Analysis, Business Process Improvement, Leadership, Manufacturing, Analysis, Cross Functional Team Leadership, Strategic Planning.
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