Ken Bowling

Ken Bowling Email and Phone Number

Vice President Corporate Finance @ Morganite Industries Inc.
Raleigh, North Carolina
Ken Bowling's Location
Raleigh, North Carolina, United States, United States
About Ken Bowling

Ken Bowling is a Vice President Corporate Finance at Morganite Industries Inc.. He possess expertise in process improvement, kaizen, automotive, internal controls, continuous improvement and 77 more skills.

Ken Bowling's Current Company Details
Morganite Industries Inc.

Morganite Industries Inc.

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Vice President Corporate Finance
Raleigh, North Carolina
Employees:
12
Ken Bowling Work Experience Details
  • Morganite Industries Inc.
    Vice President Corporate Finance
    Morganite Industries Inc. Apr 2022 - Present
    Raleigh, North Carolina, United States
  • Joyson Safety Systems
    Chief Financial Officer, North America And Brazil For Takata
    Joyson Safety Systems 2018 - Dec 2019
    (Formerly Takata Corporation)
    CFO of the $2.5B NA and $300M Brazil business (14 factories, 25,000 employees). Direct accounting, controlling, treasury, tax, internal audit, payroll, and IT; manage 329 direct/dotted-line reports. * Retained as CFO following Joyson's acquisition of Takata in 2018.
  • Takata
    Chief Financial Officer, Takata North America
    Takata 2015 - 2018
    CFO of Takata’s $2.5B NA business (14 factories, 25,000 employees). Directed accounting, controlling, treasury, tax, internal audit, payroll, and IT; managed 329 direct/dotted-line reports.* Reorganized the accounting group and overhauled processes after an unsatisfactory external financial audit. Turned performance around in 1 year, achieving clean audits in FY15 and FY16.* Helped transition all TNA functions, except sales and engineering, back from a global business to a regional business, unwinding unsuccessful transformation efforts begun in FY16.* Co-managed (with CEO) the largest, most complex product recall in industry history. Contended with increased government interaction/oversight, hefty National Highway Transportation Safety Administration fines, and U.S. Department of Justice investigations. Managed $210M spend for legal/advisory services.----- Navigated contentious meetings with OEMs; drove collaborative discussions to determine go-forward strategy and fulfill demand. Met OEM requirements for mass production and recall kits.----- Negotiated more favorable terms with vendors.* Developed an aggressive restructuring plan that reduced and optimized SG&A footprint/costs. * Commenced Chapter 11 bankruptcy proceedings in mid-2017 (exited April 2018). Interfaced extensively with U.S. Trustee in support of court hearings and ongoing administration.----- Devised a strategy that addressed case complexities (extensive litigation) and identified which legal entities would file.----- Developed a detailed cash flow program that satisfied bankruptcy monitoring requirements.* Ensured company survival post-bankruptcy by preparing it for sale, helping negotiate the $1.6B purchase in 2018 by Key Safety Systems (now Joyson). Expanded role to include the $300M Brazil business.* Elected to the Executive Committee for North America; partnered with CEO and COO to direct strategic planning and execution for all NA business units.
  • Takata
    Vice President Of Finance, Non-Automotive Safety Division (Nas)
    Takata 2012 - 2015
    VP Finance of the Non-Automotive Safety Division (11 manufacturing sites, 7,700 employees). Directed finance, accounting, reporting, and treasury, managing 65 direct and dotted-line reports.* Co-led division start-up and growth; helped devise a common management structure, policies, procedures, controls, and reporting tools for affiliated businesses in Europe, Japan, China, and the U.S. * Defined operating policies, procedures, controls, and reporting tools that provided a strong framework for the division’s smaller company makeup ($2M-$300M in revenue). Hired 15 FTEs. * Drove unprecedented growth—from $392M to $884M in revenue and margins from 1.9% to 8.8% in 3 years.* Developed a M&A team and drove exploration of diversification opportunities, including strategy and due diligence. Identified 3 JV partners acquired and integrated by the division.* Raised margins $15M by turning around 2 unprofitable businesses. Scrutinized business operations and financials, determined areas requiring improvement, strategized action plans, and established KPIs.* Played integral role in company’s transformation into a globally based business, contributing expertise in business, operations, and finance. Closed the regional office and reassigned high-value staff to other divisions.* Facilitated product standardization globally, as well as product development for the automotive group, by assisting with setup of a global textile group.
  • Takata
    Vice President / Production Controller
    Takata 2005 - 2012
    VP/Production Controller of the $2.5B NA seatbelt, electronics, airbag, and textiles business (14 manufacturing sites, 19,200 employees). Directed manufacturing, costing, and quoting of new products, managing 135 direct and dotted-line reports. * Helped Takata survive the worst-ever downturn in volume in the automotive industry--without external funding. Maintained strong balance sheet with minimal restructuring, cut costs 34%, imposed strict spending restrictions, and held tight control of cash flow.* Developed a global profit simulation model that provided Takata to analyze and compare profits from all its businesses worldwide.* Assisted in completing a major rebuild at a Mexican site just 3 months after a catastrophic event. Kept product shipments on schedule by mobilizing the NA workforce in a round-the-clock effort. Liaised with insurance carriers to ensure uninterrupted coverage and expedite claim processing ($105M).* Directed creation of a consolidated financial reporting capability when Takata NA’s legal structure was flattened, but its 18 prior accounting systems remained separate.* Created a $50M revenue pipeline with introduction of 3-point harness technology to the educational market via JV. Devised go-to-market strategy and built out the support team. Subsequently purchased the JV partner, overhauled the company and product concept, and became the customer’s sole supplier.* Implemented with KPMG a J-sox internal controls program in 6 months, bringing Takata NA into compliance with new Japanese regulatory requirements. Identified control weaknesses and determined countermeasures to offset risk.
  • Takata
    Group Controller, Airbag Division
    Takata 1999 - 2005
    Group Controller of the $650M airbag and textiles businesses (7 manufacturing sites, 8,000 employees). Directed accounting, reporting, forecasting, and financial analysis, managing 80 direct and dotted-line reports.* Partnered with CEO to consolidate the airbag and textiles businesses into 1 entity and build cohesive management structures, including a common operating framework, accounting practices, internal controls, and reporting tools. * Launched 2 maquila operations in Mexico, saving $30K annually and laying the foundation for expansion year over year. Built a loyal management team that has been in place for 12+ years.* Established an internal audit group to meet rigorous regulatory requirements; improved processes informing operations, governance, risk management, and controls; and instilled greater confidence in financial reporting.* Assisted in expediting Takata’s entry into the Brazilian airbag market, bringing the country into compliance with global automotive safety requirements after years of nonconformity. * Developed and implemented a business strategy that drove Takata to surpass its closest competitor. * Directed start-up of an inflator company in China. Identified the site, met with government/military officials to secure approvals, and coordinated with local management to staff the facility and begin production.* Centralized Takata NA’s payroll function within 2 months. Navigated organizational politics to coordinate rollout to other divisions.
  • Takata
    Corporate Controller, Airbag Division
    Takata 1993 - 1999
    Corporate Controller of the $350M airbag business (5 manufacturing sites, 7,400 employees). Directed corporate budgeting, and defined accounting policies/procedures, managing 50 direct and dotted-line reports.* Provided continuity between Highland Industries and Takata, helping to drive development of Takata’s U.S. airbag business.* Facilitated expansion into modules and inflators by integrating and helping manage acquisitions and JVs. * Figured prominently in revenue growth from $100M to $350M.* Optimized productivity by consolidating 2 accounting groups.* Lowered financial reporting cycle from 9 to 4 days.* Deployed cost reduction programs, established control reporting, and devised a new product quoting system.* Cut inventory with design of a new MRP system.
  • Highland Industries
    Corporate Accounting Controller
    Highland Industries 1988 - 1993
    Corporate Accounting Controller (1992-1993) of this $200M industrial fabrics manufacturer (acquired by Takata in 1993) that served the automotive and other diverse industries. Directed accounting, reporting, cash management, and budgeting, managing 24 direct and dotted-line reports.Prior Roles:Operations Reporting Manager (1990 - 1992)Cost Analyst (1988 - 1990)

Ken Bowling Skills

Process Improvement Kaizen Automotive Internal Controls Continuous Improvement Cost Accounting Forecasting Six Sigma Lean Manufacturing Manufacturing Program Management Sarbanes Oxley Act Sap Auditing Value Stream Mapping Erp Inventory Management 5s Purchasing Cross Functional Team Leadership Supply Chain Business Process Improvement Supply Chain Management Budgets Materials Management Operations Management Analysis Root Cause Analysis Financial Analysis Quality Management Accounting Financial Reporting Iso Supply Management Manufacturing Operations Management Managerial Finance General Ledger Strategic Sourcing Cost Benefit Logistics Internal Audit Product Development Change Management Mrp Procurement Process Engineering Team Building Operational Excellence Project Planning Variance Analysis Business Analysis And Modeling Business Consolidation Business Diversification Business Transformation Capabilities Development Cash Flow Management Company Growth And Expansion Consolidated Financial Reporting Due Diligence Finance And Accounting Financial Analysis And Modeling Global Business Culture Global Business Transformation Global Operations Leadership Go To Market Strategy Joint Ventures Leadership Grit Margin Improvement Market Entry Market Expansion Mergers And Acquisitions Performance Turnaround Policy And Procedure Development Product Expansion Restructuring And Reorganization Revenue And Profit Growth Startup And Growth Strategic And Operational Initiatives Strategic Partnerships And Alliances Strategic Planning And Execution Value Creation Vision And Leadership

Ken Bowling Education Details

Frequently Asked Questions about Ken Bowling

What company does Ken Bowling work for?

Ken Bowling works for Morganite Industries Inc.

What is Ken Bowling's role at the current company?

Ken Bowling's current role is Vice President Corporate Finance.

What is Ken Bowling's email address?

Ken Bowling's email address is ke****@****ata.com

What is Ken Bowling's direct phone number?

Ken Bowling's direct phone number is +813358*****

What schools did Ken Bowling attend?

Ken Bowling attended East Carolina University.

What skills is Ken Bowling known for?

Ken Bowling has skills like Process Improvement, Kaizen, Automotive, Internal Controls, Continuous Improvement, Cost Accounting, Forecasting, Six Sigma, Lean Manufacturing, Manufacturing, Program Management, Sarbanes Oxley Act.

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