Mike Wright Email & Phone Number

Stow, OH, US

• Led advanced concept development and product line support for the $550 million corded products business. Responsible for 3 Expert Teams, returns analysis and quality improvements, cost reductions and derivative models.
• Organized and led 3 Expert Teams key advanced development programs implemented in new Platinum Line o TTI’s first true no suction loss filtration system. o New optimized nozzle design. o Advanced electronics to monitor.
• Organized and led Advanced Development Steering Committee presenting status of advanced development projects to senior management, developing method of capturing and prioritizing advanced development projects, aligning.
• Evaluated invention disclosures, maintenance fees and competitors patents as member of Intellectual Property Steering Committee ensuring proper protection and providing insight into our competitor’s products and.
• Organized and led team to analyze, design, test and implement quality improvements resulting in over $6 million in warranty reductions.
• Identified and implemented $8 million in cost savings as integral part of cost improvement team.

• Promoted to Vice President reporting to the Vice President of Marketing during the integration of Hoover and Dirt Devil. Led all aspects of engineering for $416 million category including; New Product Development.
• Key member of acquisition team to integrate $450 million Hoover Company into TTI. Included analysis of intellectual property, assessment of engineering talent, and organizing new more effective engineering department.
• Launched 10 new upright platforms generating $65 million in sales.
• Developed and launched feature and cosmetic improvements to current line resulting in 20% gross margin increase and increased product placement at retail.
• Introduced first sonar based floor detection module for automatic sensing carpet vs. hard floor generating increased margins and product differentiation for retailer.
• Instituted consumer use testing identifying early detection of product quality issues.

• Reporting to the VP of New Product Development led a staff of 34 with annual budget expense of $3.5 million and capital budget of over $10 million. Responsible for all aspects of engineering including developing and.
• Harmonized testing standards between USA labs and Asia labs resulting in over $250,000 in annual savings.
• Reduced new product introduction cycle time from 18 months to 8 - 12 months providing steady introduction of new products into market.
• Reduced product warranty claims from 8% to 5% over 3 years generating annual savings of over $10 million and boosting Dirt Devil brand image.
• Served as key member of sourcing team moving production to Asia resulting in $4 million reduction in capital budget per program and 25% reduction in cost of finished goods.
• Worked with multiple Asian OEMs defining standards for performance and quality goals for products ensuring successful launch and improved quality.

• Led a team of 6 -10 engineers. Responsible for new product development and existing product maintenance.
• Developed and launched first bagless upright for Dirt Devil within one year of conception obtaining 50% market share within two months. Created design generated 6 utility patents generating $25 million in royalties.
• Developed Royal’s first carpet extractor meeting market niche need for light weight full size extractor and establishing Dirt Devil in category.
• Developed and launched Broom Vac rechargeable broom selling over a million units in its first year at retail.

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Education record