Michael Watts Email & Phone Number

Irvine, CA, US

Laguna Hills, CA, US

Publicly traded (formerlyPrivate equity/venture backed) commercial stage company transforming root canal therapy and endodontic practices by improving procedural outcomes and efficiency. Key member of the executive management team,responsible for strategic financial management, treasury, forecasting, IT, administration and executing IPO in rapid expansion.

Long Beach, California, US

• Fast growing, Private Equity backed, company.
• Led 2016 Private Equity exit.
• Improve cash-flow management to adhere to leverage and debt requirements, reducing inventory days by 25% and improving collections by 15%.
• Guide sales leadership to convert outside sales people to a hybrid model (employees and 1099) resulting in doubling of prior growth rates.
• Improve management reporting by developing metrics and reports to focus and improve decision analysis resulting in increased rate of consumables sales by ~30% and improving EBITDA by 400bps.
• Standardized accounting policies and practices to ensure adherence to GAAP and consistency of data; deploy cloud-based tools to deliver monthly reporting.

Washington, District Of Columbia, US

• Finance DBS leader (Danaher Business Systems).
• Finance leader for deploying and driving process improvements utilizing Danaher Business Systems (DBS) within Finance. Responsible for training and roll-out of new Problem Solving Process (PSP) across Sybron Finance.
• Drive rationalization of manufacturing sites to improve profitability and customer service – accelerated plans to move production to Low Cost Regions in Mexico and Czech Republic saving in excess of $4million.
• Direct and improve acquisition modeling, planning and due diligence for key strategic acquisitions of Dental Segment. Led integration of Russian and Hong Kong entities.

Warsaw, Indiana, US

• Full P&L and Balance Sheet responsibilities with General and Cost Accounting and FP&A: led development of strategic and operating plans.
• Engineered $360Million acquisition and led worldwide operational integration, driving double digit growth through expansion of product portfolio and operational capabilities.

New Brunswick, NJ, US

• Reporting to the CFO with dual responsibility for 1) the General Accounting, budgeting, and performance measurement of ETHICON’S Research and Development spending of approximately $170Million, and 2) New Business.
• Directed business proposal and model development for potential license and acquisition deals using “point” and Monte Carlo valuation techniques to derive discounted cash-flows for ROI and NPV.
• Executed and integrated a strategic platform acquisition of $100Million for the Women’s Health Division.

New Brunswick, NJ, US

• Lead all accounting functions for operations’ division, which consists of 7 manufacturing locations in Europe and North America. These locations comprise approximately 4,500 employees and represent revenues in excess.
• Managed an organization of 30 professionals responsible for cost accounting and project analyses, including oversight of a $30Million capital budget and leading cost saving programs.
• Drove $30Million in annual savings as a key member of management team developing strategic and near term plans for improving operational effectiveness using Process Excellence and Lean Methodologies.

New Brunswick, NJ, US

• Finance leader of manufacturing plants (San Angelo, TX and Juarez, Mexico) with $400Million in revenues.
• Refocused management team in turn-around effort to eliminate deficits in mid-year 2002 and to achieve year-over-year savings functions at a medical device assembly and sterilization plant with ~1500 unionized employees..
• Championed efforts to consolidate manufacturing sites and reduce labor costs by maximizing capacity in Mexico and outsourcing of non-core competencies achieving annual savings in excess of $5Million.

New Brunswick, NJ, US

• DePuy Mitek (Division of Johnson & Johnson)
• Oversaw and guided development of strategic and annual business plans with a focus on expansion into new technologies and procedures. Division consistently met double-digit growth rates.
• Advised sales management on compensation plan for representatives and agents directing sales-call focus to high-growth and profitable platforms contributing to growth of 17% over prior year.

New Brunswick, NJ, US

• Lead Analyst of a team integrating the operations accounting for the $3.4Billion acquisition of DePuy & Analyst supporting Product Development and Marketing for Hip Franchise.

Chicago, IL, US

Minneapolis, MN, US

Master Of Science In Taxation, Tax Law/Taxation

Bachelor Of Science, Management, Accounting