Michael Held Email & Phone Number

Avon, CT, US

Provo, Utah, United States

Member of the Board of Trustees, and on the Finance Committee. Rocky Mountain University of Health Professions is a fast-growing, fully-accredited graduate healthcare university with some of the highest graduation and job placement rates, as well as national certifying exam scores, in the nation.

• Inserted as interim leader of international business to evaluate financial viability. Board approved bankruptcy recommendation. Generated breakeven cash flow during the two months prior to entering into bankruptcy..
• Supported divestiture activities including preparing information memorandums, due diligence schedules and drafting the asset purchase agreement.
• Led reorganization of a Shanghai China Representative Office Chief Representative position, and evaluated the closure of a separate wholly owned China manufacturing entity.
• Led kaizen events to reduce administrative processing times in service companies.
• Evaluated Human Resource Management system options and presented recommendation to the CEO.

• Established the Audit Committee including a standard cadence for audit committee meetings, audit committee charter and calendar of audit committee activities.
• Worked with the independent audit firm and the company Controller to eliminated adjusting entries in the annual audit.
• Implemented practice to define and evaluate total and served markets as part of strategic planning.

• Financial executive responsible for over a dozen manufacturing companies with global revenue of ~$1.7B.
• Responsible for financial organization and reporting for > 30 global manufacturing facilities, plus sales offices and distribution centers.
• Completed over 10 acquisitions and the divestiture of two companies.
• Identified and directed corrective actions at the largest operating company to address a $2M inventory misstatement.
• Coordinated cash management actions between Treasury and the operating companies during seasonal high cash usage in 2013 and 2014 to stay within credit facility limits.
• Served as Interim Group CEO for 6 months, during the Group CEO’s absence.

Danbury, CT

• Responsible for financial organization and reporting for the US region of a Non-Destructive Testing company, $300M revenue and over 2,000 employees. Role included Human Resources and monitoring operational efficiencies.
• Implemented system tools to track utilization and forward schedule resources. Utilization improved year over year from 90% to 92% in December 2012.
• Successfully completed the acquisition and integration of a new company.
• Led annual benefits renewal process for 2013.

Decatur, Illinois

• Finance executive for global leader of agriculture equipment for the Grain and Protein markets, completed sale from private equity owner to AGCO (NYSE:AGCO) for $1B in late 2011. Revenue of $750M with primary.
• Teamed with CEO, COO and VP Business Development, to present the market overview and company strategy to prospective buyers.
• Lead role working with interested parties to respond to due diligence questions.
• Partnered with GSI outside legal counsel to draft the Merger Agreement.
• Between Signing and Closing, responsible for executing the actions required of GSI to finalize the merger and monitored the company’s compliance with the Representation and Warranties.Financial:
• Implemented a Financial Planning and Analysis function to evaluate/forecast company performance, and proactively drive actions to improve performance.

• Financial responsibility for $1B Revenue generated through approximately 25 reporting companies in North America, Europe and Asia, plus several Joint Ventures. Chromalloy manufactures and repairs Aerospace and.
• During the first 60 days in this position, led cash collection actions that reduced Accounts Receivable days by 9 days, and improved cash flow by $25M.
• Worked with the Vice President Operations to drive various actions that delivered higher operating profit versus prior years when sales were 20% higher.
• Restructured the Chromalloy Corporate accounting function, and initiated top grading of finance talent in both the corporate accounting and business unit controller positions.
• Implemented Weekly, Monthly and Quarterly financial reporting to provide improved visibility on operating performance which facilitated timely actions to increase profit and cash flow.
• Re-engineered the Budget process and schedules, and Sales, Profit and Cash Flow targets.

• Responsibilities included driving operating performance, strategy development/execution and accurate financial reporting across a group of global manufacturing companies with a revenue range as high as $4B+. During.
• Leadership role in the due diligence, negotiation and integration of the foundation acquisitions that formed the Dental and Product Identification platforms which accounted for revenue of ~$3B.
• Drove >$30M in price improvements over plan in 2006 by setting targets and accountability reporting. Additional price increases in 2008 to address currency fluctuations and commodity cost increases.
• Led numerous cost-cutting actions when warranted by market and/ or operating conditions.
• Improved cash flow by implementing improved working capital management processes. Days Sales Outstanding (DSO) lower than previous year by 5 days (~$40M). Days Payables Outstanding (DPO) improved by >10 days since 2005.
• Consistently scored high in performance reviews for developing and top grading finance talent. Several hires moved on to finance leadership positions in larger Danaher operating companies.

• General Manager for NJ based aerospace business in addition to Vice President/Group Finance. Responsible for Operations, Program Management, Quality, Finance and HR functions. In the Group Controller role responsible.
• Reduced past due manufacturing backlog through improved operations planning by > 50%.
• Completed consolidation of machine shop operations into North Carolina facility 6 weeks ahead of schedule.
• Performed due diligence and integration of a Swiss acquisition.
• With the VP of Engineering, improved cost control practices on highly engineered products resulting in improved cost and schedule performance.
• Developed and implemented a strategic planning process.

Morristown, NJ

• ENGINEERED MATERIALS GROUPEngineering Plastics - $330M Director of Finance and Business Management Systems Responsible for financial reporting and analysis at four facilities - three domestic and Germany. Additional.
• Integration of East German acquisition into business operations.
• Established and led management steering committee to improve accounts receivable collections performance (> 5 DSO improvement).
• Restructured finance organization to support business leadership and drive actions to optimize performance.
• Member, Board of Directors for joint ventures with Mitsubishi (Japan) and Lucky Goldstar (Korea). Improved partnership relationship by enhancing the joint venture financial processes and reporting.AEROSPACE GROUPOcean.
• Leader of due diligence, purchase negotiations and integration team for acquisition of German company.

Mba, Finance And Accounting

Activities and Societies: Graduate Assistanceship in the College of Osteopathic Medicine, worked 20 hours per week.

Bba, Finance And Accounting