Vice President Of Finance
American Honda
Torrance , California
Financial Officer responsible for the management and direction of the Finance Division including finance and accounting, treasury, tax, credit, purchasing, facilities, and administration. Employing over 150 associates and an annual operating budget of $65 million Implemented a $300 million commercial paper program that reduced costs of working capital by 5%. Established a comprehensive business planning and capital program for all American Honda units that increased efficiency… Show more Financial Officer responsible for the management and direction of the Finance Division including finance and accounting, treasury, tax, credit, purchasing, facilities, and administration. Employing over 150 associates and an annual operating budget of $65 million Implemented a $300 million commercial paper program that reduced costs of working capital by 5%. Established a comprehensive business planning and capital program for all American Honda units that increased efficiency and lowered overall costs. Instituted a cost reduction program impacting overall expenses for four years. Executive decision-maker for the Corporate Logistics Task Force; established architecture for product supply chain, utilized Andersen Consulting to assist in benchmarking, achieved lower costs for transportation, packaging, third party services and inventory carrying expenses. Initiated U.S. cash management system to eliminate and simplify intercompany transactions. Completed a $100 million leveraged lease program for production equipment to reduce federal tax expenses. Implemented North American integrated financial reporting system to address transfer pricing and management reporting requirements. Coordinated annual audit of North American entities by KPMG and Internal Audit. Negotiated four advertising agency contracts covering more than $500 million in media and production costs. Reduced labor costs in administrative, facilities and warehousing areas through selection of third party providers. Created a strong, dedicated group of customer focused support personnel with a positive morale. Show less