Richard Mccorry Email & Phone Number

Janesville, Wisconsin, United States

Concurrently executed P&L, administration of 400 staff, and designing a comprehensive two-year (two-wave) restructuring and growth plan. Redesigned pricing, optimized overhead, and reduced costs. Introduced Lean into the Operations averaging 2 kaizen sessions per month; expanded rollout of Kanban, and realigned visual standards and systems. Created five-year technology roadmap with three-time horizons; immediate, 1-2 years, and 3 – 5 years. Engaged two strategic partners to enable the new technologies. • Transformed a negative profit business, from - 4.5% Net Operating Profit (NOP) in 1999, to 7% NOP in 2020, and a 12.5% NOP in 2021 on a stable revenue base. Five-year technology roadmap projected revenue growth $30 to $40M across the company.• Overall headcount reduced over 40%. Competed while navigating PPP SBA loan and forgiveness. DL as a percent of adjusted sales fell from 13.5% to 8%.

Troy, Michigan, United States

Navigated a Lean implementation to an enterprise never exposed to the concepts and tools. Evaluated Quality System, identified areas for improvement, oversaw the overhaul of the system to achieve IATF, and BIQS status. Transformed underperforming and inefficient ERP system. Improved client relationships using direct communications and hands-on issues resolution approach. Redesigned global contract terms and conditions successfully negotiated with a key client to protect against future issues.• Increased win rations by converting pricing system to a "market based" focus.• Differentiated current offerings and pioneered unique client value propositions to position company for future market needs.

United States, Europe

Engaged with multiple US-based Private Equity companies and one automotive supplier to provide operations, technical, market, and acquisition recommendations. Executed appropriate analysis, developed, and delivered proposed action plans.• Partnership Analyst for three US PE Investment Firms (Michigan, Connecticut) supporting three acquisitions.• Advisor, Charles Bank Capital (New York, Boston), advised on acquisition candidates. Drafted an operating plan later adopted by the acquired company. Very successful holding when divested.• Executive Advisor, Japanese Automotive Supplier, engaged to alleviate operations and financial performance issues via a revised strategy for the $200M entity. Due Diligence Advisor, Charles Bank Capital Partners, Boston, MA, USA

Detroit, Michigan

Led transformation of enterprise operations and technology with 5-year objective of 13% CAGR. Negotiated a “pay-for-skill” system with UAW local. Initiated foundational elements for entry into Titanium MIM market. Upgraded and grew in-house Titanium powder production. Instilled an "unparalleled" safety attitude at all levels, rolled out safety compliance guidelines for manufacturing technologies, combustible metals dust, on-site hydrogen usage, and forklifts.

Nevada And Michigan, U.S.A.

Chairman SXMAC, and Owner RMAC L.L.C.Chairman and co-founder, SXMAC, INC., HQ Nevada, with operations in Michigan, California, and Hong KongCoordinated the initiation of the newly formed business including recruiting of specialized sub-contractors, and the legal and financial functions of this start-up company.

Held full P&L responsibility, overseeing 600 employees through eight direct reports. Led reorganization in anticipation of global economic contraction, then drove this business to a high-end industrial enterprise within two years, despite volatile raw materials pricing. Built strong management team.Improved profits 350% and cash flow $79m in three years.

United States And United Kingdom

Global President & CEOGlobal President – GKN Sinter MetalsRedditch, UK, 2007 - 2007Held global P&L responsibility for this $1.2B business with over 20 facilities and 6,000 associates. Expanded growth into China, introducing western, high-technology products. Received GKN President’s Award for Safety. Appointed to Executive Committee at the group level. Appointed to group’s Lean Enterprise Steering Committee.President, GKN Sinter Metals – The AmericasAuburn Hills, MI, 2006 - 2007Assigned added responsibility for Brazil and Argentina, expanding P&L to $530M. President, GKN Sinter Metals – North American OperationsAuburn Hills, MI, 2005 - 2006P&L responsibility for $500M regional business unit with 16 facilities in the US and Canada. Turned around this distressed business, delivering the first profit in five years despite significant escalations in cost of core raw materials. Restructured the business in 1½ years, consolidating 5 of the 16 locations and management of the order book. Profit improvement of $44.5M over this time horizon.

PRESIDENT – TEXTRON POWER TRANSMISSION (TPT), Huddersfield, UK and Traverse City, MI 2001 – 2003Held P&L responsibility for this $274M global division, one of 10 in Textron’s $3B industrial sector employing 1,000 people. Division is an aggregation of acquisitions over five-year period. Sales transacted through 40 strategic locations worldwide. Locations generated revenues by utilizing multiple channels, including internal and external distribution in North America, UK, , Italy, India, Sweden, South Africa, Thailand, Hungary (JV) and Australia.EXECUTIVE VP – GLOBAL OPERATIONS, TEXTRON INDUSTRIAL SEGMENT, Providence, RI - 2001Reported to industrial segment CEO, managing more than 100 primary locations worldwide ($4B business segment.. Worked closely with divisions in defining manufacturing strategies, cross-segment synergies and in divisional- and segment-level strategic planning, M&A opportunities and divestiture needs. MANAGING DIRECTOR, TEXTRON AUTOMOTIVE, Turin, Italia, 1999 – 2001Delegated responsibilities to 16 members of Management Committee while overseeing their activities, including P&L and cash management, legal, business development (M&A), operations, sales, engineering and product development. Responsible for integration of eight plants in Italy, as well as a development center.. Member of board of directors of Textron Automotive Italia and sole director of two wholly owned subsidiaries of joint venture. Board member of one of the Italian joint venture partners. Negotiated, acquired, and integrated the Cassino Plastics operations from FIAT. SENIOR VICE PRESIDENT – OPERATIONS, TEXTRON AUTOMOTIVE, Troy, MI, 1997 – 1999Responsible for financial and operational success of $500M sub-group (6 domestic and international plants) employing 3,200 associates, with activities spanning P&L, continuous improvement, and facility capitalization.

Various

Vice President – Product and Design Engineering, Lear Interior Systems GroupVice President – Vehicle Systems Engineering, Floor and Acoustics Division (formerly Masland)Director of Program Management, Product Engineering & Design, Acoustic Testing, MaslandVice President – Operations, CIMA, (Masland/Mexican JV), Toluca, Mexico Plant Manager, Amtex, Inc., (Masland/Hayashi Telempu JV)Production Manager, Project Manager, Industrial Engineer, Masland

B.S., Commerce & Engineering

Activities and Societies: Collegiate wrestler, rugby

Global Executive Leadership Forum, International Business

Education record