Vice President Finance - Global Cfo Arch Wood Protection
Atlanta, Georgia, United States
Recruited as part of executive management team to assist president in management of P/L, development of global business strategy, cost reduction initiatives, financial reporting, compliance, budget management, analytics, forecasting, presentations, M&A, and working capital management. Responsibilities included overseeing Finance and Accounting functions in 10 countries with total direct reports of 9 professionals.- Led business through a yearlong divestiture process with Credit Suisse preparing Confidential Information Memorandum, Management Presentation and Virtual Data Room population resulting in 3 SPA proposals. - Guided business thru financial crisis of 2008 by implementing cost control measures including reductions in SG&A from 20% to 17.5% of sales. - Improved financial management with development of Direct Cost Profit and Loss statements to enable business to evaluate contribution down to EBITDA line by product segment. - Improved Days Sales Outstanding from 31 days to 28 days by implementing strict adherence to credit and collections policies, working with customers to ensure firm payment plans. - Led reduction in global working capital from 12% to 9.5% with emphasis on improved DSO, consigned inventory programs and vendor payment management. - Implemented global copper hedging program to minimize forward risk of copper purchases while maintaining flexibility to recover cost increases on an annual basis.