President, 8Th Continent Joint Venture, General Mills And Dupont
Greater Minneapolis-St. Paul Area
General Management leadership for $60M, Soy Milk Joint Venture between General Mills and DuPont, Led all functions: Finance, Marketing, Sales, Operations, Product Development and Research. Reported to Board of Directors, included EVP and CFO from General Mills and DuPont Group VP.• Led Board of Directors Meetings and strategy development sessions that positioned the venture for aggressive growth and successful sale.• Developed and implemented national role out strategy for 8th Continent Soymilk, achieving #2 position in marketplace in 1st year.• Drove business model transformation yielding 25 point improvement in delivered margin.• Delivered highest growth rates within General Mills, adding >400% over 4 year period.• Accelerated new product innovation to launch new products representing 55% of sales.• Led highly confidential effort culminating in sale of 8th Continent to Stremick’s Heritage Foods. o Developed Offering Memorandum in preparation for successful sale. o Created and delivered sales presentation to multiple large beverage manufacturers. o Led transition efforts to new buyer; coordinating sales, marketing and operations. o Developed human resource and communication plan for retention and placement of all 8th Continent employees back into their parent companies.