Michael O'Malley Email and Phone Number
I have had the privilege of working closely with many Fortune 100 CEOs across diverse industries. While I learned a tremendous amount on how to be a leader, execute change management, drive innovation, and rebuild organizations into structurally efficient strategic endowments that removed billions of dollars of excess cost, most did not realize the metamorphic power within procurement to be the catalyst for sustainable strategic enterprise transformation.In a world of continuous disruption and ever-increasing speed, change is often necessary, but success is rare. Only 1 in 4 firms are successful in the long term. Those that do get it right are structured to deliver exceptional outcomes across multiple dimensions. Throughout my professional history, I have done just that. ✪ MY VALUE PROPOSITIONMultidimensional strategist respected for executive leadership, operational excellence, cost containment, business transformation, and risk mitigation. My talent is being a visionary leader that propels change through innovation, revitalizing operations, optimizing profitability, and achieving successful results through executional certainty. ✪ WHAT I AM KNOWN FOR▸Building world-class organizations anchored by engaged people and supported by highly efficient capabilities that accelerate delivery velocity, optimize services, and drive value.▸Orchestrating growth, leading culture & change management strategies, uncovering innovative solutions, and delivering aggressive operational plans and exceptional results. ▸A strategic thinker who excels in managing business operations and gaining executive committee buy-in. ✪ HOW I BUILT MY SUCCESS▸Vice President of Strategic Sourcing & General Manager/Founder of Verizon Services Ireland Limited, a $2.5B entity focused on delivering cost optimization, digitization, manufacturing efficiencies, and AI-enabled automation initiatives of global supply chain and global procurement platforms. ▸Recipient of the Vanguard Award for reinventing the core of Verizon Services into a recognized strategic competitive advantage for Verizon.▸Built the foundation for a Strategic Sourcing Center of Excellence on a diverse employee base and strong sense of culture with emphasis on accountability.▸Drove the global rollout of a new source-to-pay (S2P) platform to capture rogue spend and provide reliable data for fact-based negotiations that increased savings from $900M in 2015 to $3.1B in 2018.▸Implemented innovative approaches to payment terms that resulted in over $1B working capital improvement.
Catholic Health
View- Website:
- chsli.org/about-catholic-health
- Employees:
- 4787
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Svp And Supply Chain OfficerCatholic HealthNew York, Ny, Us
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Chief Procurement OfficerCommonwealth Of Virginia 2022 - 2024Richmond, Va, Us★ SCOPE: Recruited by the Youngkin Administration to serve as Virginia's first Chief Procurement Officer responsible for laying the foundation for a self-sustainable, best-in-class procurement function centered on fiscal discipline, streamlined policies and processes, and enhancing organizational capabilities to deliver on change and drive continuous improvement. ★ VALUE OFFERED:➞ Lead a comprehensive procurement transformation program that delivered budgeted cost savings of $130M in first year and identified a further $200M of actionable savings in FY25. ➞ Co-located multiple agency procurement groups to facilitate standardized learning of category management and share best practices.➞ Integrated multiple independent IT platforms to capture and validate vendor spend across the state.➞ Established key category management capabilities to develop strategies that maximize value and build strategic partnerships with our business partners and suppliers. ➞ Introduce data analytics and should-cost modeling capabilities as the foundation for fact-based negotiations and supplier selection vs traditional RFP approach.➞ Enforced Supplier Performance Management / Supplier Rationalization / Contract Consolidation ➞ Leveraged internal and external levers (e.g., demand, price uniformity, spec standardization, payment terms, market data, benchmarking, etc.) to maximize cost efficiencies and improve terms. ➞ Train procurement professionals in contemporary procurement practices such as category management, market analysis, benchmarking, and effective negotiation techniques for maximizing value.➞ Teaming and knowledge-transfer has led to a sustained cultural shift, elevating the team from transactional contract processing to proactive value-driven opportunity identification and value creation. -
Svp & Chief Procurement OfficerAig 2019 - 2022New York, Ny, Us★ SCOPE: Provided executive leadership and direction to operational and procurement matters. Streamlined international procurement operations for multiple groups across AMEA, LATAM, and Japan with $5B in spend. ★ VALUE OFFERED:➞ Achieved $600M in cost reduction and operational efficiencies by creating a centralized, world-class procurement organization that exceeded 3-year transformation benchmarks one year ahead of schedule.➞ Leveraged $5B in managed spend to maximize value, minimize risk, enhance supplier diversity, drive uniform behaviors, and sustain profitable growth. ➞ Championed efforts to turnaround, revitalize, and transform GS&PS into strategic endowment while delivering industry-leading results and world-class capabilities.➞ Played a key role in the global deployment of a new S2P platform (Ariba) while delivering reliable data analytics for should-cost modeling and fact-based negotiations. ➞ Selected by the CEO as a member of Executive Diversity Council; successfully drove supplier diversity transformation, named as Black EOE Journal’s 2021 “Top Supplier Diversity Programs” list —first for AIG. ➞ Realized $270M in savings in 2021 and secured 62% improvement from 2020. ➞ Crafted and implemented sourcing and supplier policies that instilled fiscal discipline and uniform processes while generating $300M+ operating cash flow improvement and eliminating 3K suppliers. -
Vice President – Strategic Sourcing | Head Of Verizon Services Ireland Limited (Vsil)Verizon 2017 - 2019★ SCOPE: Directed the VSIL organization and served on its board of directors while optimizing the global supply chain. Provided long-term strategic direction of international operations. ★ VALUE OFFERED:➞ Negotiated $3.1B in savings and realized 50% in hard savings in 2018.➞ Cut $1B in costs by devising/spearheading transformational initiatives for the Center of Excellence (COE); on target to lower expenses by $10B over the next 4 years. ➞ Controlled $16B in enterprise/managed sourcing spend for technology services, IT, and network divisions while managing $50M operating budget.➞ Built category management teams staffed with engineers focused on supplier rationalization and product tear-down analysis.➞ Reduced cycle times 40% through supplier rationalization and streamlining approvals; standardized processes, simplified systems/tools, and minimized complexity of contracts.
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Strategic Sourcing Director | It Mainframe, Security, & Cloud-Based Services, Us And InternationalVerizon 2012 - 2017★ SCOPE: Promoted to direct IT sourcing, leading 37 Category Sourcing Experts (CSEs), and managing 1,200 suppliers. ★ VALUE OFFERED:➞ Saved $30M+ for Vodafone and Verizon through global negotiations with strategic suppliers during cross-affiliate collaboration initiative.➞ Realized $300M+ in savings for an aggregate spend exceeding $1.2B.➞ Achieved 50% in hard savings from 2015 – 2017 while slashing $500M in expenses.➞ Negotiated complex, multilateral $1.1B agreement with largest IT supplier, which included managed services and the sale of multiple business units, resulting in $200M savings. ➞ Achieved $100M+ in savings through renegotiation and enterprise pricing migrations while devising M&A strategies as the Sourcing Project Manager of the Intel Media acquisition and transition to Verizon OnCue.
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Litigation Manager / Ediscovery LeadVerizon 2001 - 2012
Michael O'Malley Education Details
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Seton Hall UniversityCriminal Justice -
Fairleigh Dickinson UniversityManagement And Operations
Frequently Asked Questions about Michael O'Malley
What company does Michael O'Malley work for?
Michael O'Malley works for Catholic Health
What is Michael O'Malley's role at the current company?
Michael O'Malley's current role is SVP and Supply Chain Officer.
What schools did Michael O'Malley attend?
Michael O'Malley attended Seton Hall University, Fairleigh Dickinson University.
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