Mike Doughty Email and Phone Number
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Experienced sourcing executive with a strong track record of driving millions of dollars in cost savings by leveraging data-driven analytics in complex contract negotiations and vendor program management. Strategic leader with a history of developing and elevating people and ideas. Demonstrated ability to identify, prioritize, and oversee key initiatives that drive favorable economics into business operations through rationalization, standardization, and improved compliance. Extensive global experience driving the procurement function to be a forward-thinking business partner by leading cross-functional efforts to deliver innovative solutions to unique operational challenges. Effective coach fostering teams and people to achieve maximum potential with several team members promoted.
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Chief Procurement OfficerPye-Barker Fire & Safety May 2024 - PresentAlpharetta, Ga, Us -
Vice President, Corporate ProcurementAramark Mar 2021 - May 2024Philadelphia, Pennsylvania, Us• Responsible for Corporate Procurement function and a team of 11 employees performing sourcing activities that cover more than $4B of annual indirect spend in support of the managed services businesses• Drive $25M+ annual cost savings to enterprise-wide Strategic Investment Initiative generated through targeted negotiations on dozens of key contracts and vendor rationalization• Develop and execute a global indirect procurement strategy that builds capabilities to support long-term enterprise growth including analytics, category rationalization, and vendor/program management• Establish relationships with key functional leaders to promote engagement in centralized sourcing activities and ensure alignment with critical business objectives and opportunities• Identify cost containment opportunities and partner with finance and operational leadership to analyze, execute, and measure against strategic productivity initiatives• Establish policies and procedures, including executive leadership reporting cadence, to promote enterprise-wide stakeholder engagement and highlight business process, compliance, and reporting -
Director, Strategic SourcingAramark Feb 2019 - Mar 2021Philadelphia, Pennsylvania, Us• Led sourcing activities for over $500M of indirect enterprise spend across cost categories including professional services, people (HR), and brand (marketing/ads/print)• Delivered $10M annual cost savings in managed categories supporting enterprise productivity efforts• Facilitated negotiations with suppliers to establish, correct, or enhance operational relationships while driving favorable financial outcomes and increased vendor compliance in the process• Leveraged internal and external strategic relationships to create Aramark’s first mandatory slip resistant shoe program for front line associates, centralizing existing spend to save the company $4M+ annually -
Manager, Investor Relations & TreasuryAramark Jan 2017 - Feb 2019Philadelphia, Pennsylvania, Us• Developed content to support quarterly earnings releases including press release, conference call script, presentations, and Q&A• Led vendor rationalization effort that reduced department services spend by 40% and reinvested a portion of the savings in innovative equity surveillance and markets intelligence solutions• Led cross-departmental project to develop the company’s Proxy Statement and Annual Report, delivering focused and consistent messaging under budget yielding 50% reduction in production costs year-over-year• Coordinated competitive intelligence efforts to ensure senior management was continually informed of industry trends, peer group performance and company stock trading patterns• Tracked and analyzed sell-side analyst estimates for external consistency and alignment and to benchmark against senior management’s expectations• Drove enterprise-wide treasury projects related to merchant services, cash management, and banking fee management -
Senior Financial Analyst, Corporate Planning & OperationsAramark Mar 2015 - Jan 2017Philadelphia, Pennsylvania, Us• Prepared consolidated monthly actual results and projection models for management highlightingrevenue, net income, and margin by sector against KPIs to measure and forecast operational performance• Built new automated flash financials report to provide executive leadership a preview of monthlyfinancial performance with commentary on variance drivers in advance of final results distribution• Managed enterprise-wide indirect expense reduction initiative influencing cross-functional leaders tocapitalize on savings opportunities totaling $8M annually• Provided key support to the implementation of Hyperion Financial Management and Hyperion Planningsystems that transformed the reporting and analysis of financial data at the company• Spearheaded cross-functional efforts across corporate planning, strategy, and senior management tocreate the total company algorithm used as a starting point in the annual operating plan process -
Financial Analyst, Corporate FinanceClean Earth, Inc. Nov 2013 - Mar 2015King Of Prussia , Pa , Us• Responsible for the company’s financial models including the provision of monthly and ad hoc analysis tosenior leadership specific to the financial health and viability of the company’s operations• Streamlined monthly and quarterly forecasting procedures that achieved 50% reduction in productiontime and 35% reduction in average monthly variances to projection• Consolidated the workflows of the enterprise annual planning process accelerating delivery of the finaloperating plan to senior leadership by more than 30 days year-over-year• Enhanced projection methodology to reduce variability in weekly cash forecasts shared with seniormanagement and distributed to the equity partners of the company’s ownership group• Contributed analysis and commentary to management reporting packages highlighting key businessfactors driving financial results in addition to providing insight into budget and forecast variances -
Accounting Senior Analyst, InternationalCigna Jun 2011 - Nov 2013Bloomfield, Ct, Us• Consolidated Oracle general ledger data and facilitated enterprise 10-K and 10-Q disclosures to maintaintransparency for the Cigna International business, which was generating $300M after tax earnings annually• Performed monthly currency translation analysis to identify the financial impact of exchange ratefluctuation on operating results and implemented controls to monitor rates used for financial reporting• Reconciled approximately $10M of monthly cash transactions between parent holding companies andrespective international subsidiaries -
Accounting Senior Associate, Group InsuranceCigna Jul 2009 - Jun 2011Bloomfield, Ct, Us• Responsible for the preparation and analysis of monthly, quarterly, and annual operating results for theGroup Universal Life line of business which generated $150M of annual revenues• Led a Lean Six Sigma process improvement project to reengineer my role which reduced monthly closingtime by approximately 20 hours and saved more than $50K in annual overhead expenses• Performed trend and variance analysis on operating results to provide specific insight about key business drivers to management
Mike Doughty Skills
Mike Doughty Education Details
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Fox School Of Business At Temple UniversityStrategic Management -
University Of Pittsburgh College Of Business AdministrationFinance -
John Cabot UniversityItaly -
St. Joseph'S PrepHigh School Diploma
Frequently Asked Questions about Mike Doughty
What company does Mike Doughty work for?
Mike Doughty works for Pye-Barker Fire & Safety
What is Mike Doughty's role at the current company?
Mike Doughty's current role is Chief Procurement Officer at Pye-Barker.
What is Mike Doughty's email address?
Mike Doughty's email address is mi****@****ail.com
What is Mike Doughty's direct phone number?
Mike Doughty's direct phone number is +161038*****
What schools did Mike Doughty attend?
Mike Doughty attended Fox School Of Business At Temple University, University Of Pittsburgh College Of Business Administration, John Cabot University, St. Joseph's Prep.
What skills is Mike Doughty known for?
Mike Doughty has skills like Financial Reporting, Financial Analysis, Finance, Account Reconciliation, Forecasting, Data Analysis, Microsoft Office, Financial Planning, Sarbanes Oxley Act, Six Sigma, Internal Controls, Gaap.
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