Filled in as Acting Controller for Chromalloy Division.Consulted for Aero Medivac Company to Validate Newly Acquired Inventory.

(Subsidiary of Chromalloy Gas Turbine Corporation)Revamped materials organization and built the finance organization after separation from sister division.Directed a material cost reduction program that reduced overhaul costs by 15% through purchasing negotiations and working with vendors to develop lower cost repairs and replacement parts.Negotiated building lease renewal that reduced costs by 19% for the first two years and limited total average annual rent increases during the ten-year term to less than 1%.Reduced overhaul "turn time" by 10% through program that expedites outside part repairs.

Developed and implemented a cost reduction program that reduced breakeven by 13%. Revamped employee benefits programs, which resulted in a 30% reduction in health insurance costs.Restructured bank debt to reduce debt service and increase available credit.Enhanced reporting to provide analysis of gross margin for each travel type by branch and division.Instituted cash flow analysis and forecasting, which resulted in earlier identification of potential problems.Reduced business insurance costs by 10%.

Developed and instituted enhanced sales reporting and analysis, which enabled sales and inventory to be tracked by 75 different product categories in total and for each of the major customers. Restructured bank credit lines to provide for flexible borrowing to meet working capital needs. Planned and implemented a major computer hardware upgrade as well as installation of an enhanced integrated distribution and accounting software system. Developed and implemented an automated product returns processing system that reduced processing time by 50%, which resulted in a 7% reduction in inventory.

Negotiated the sale of the company to a $1 Billion French avionics company and managed the transition from independent company to a subsidiary of an international corporation.Instituted a cost reduction program to lower breakeven by 20%. Developed a business plan and related financing plan that raised $3 Million in preferred stock to provide working capital to launch a major project.

Created business plans and performed financial analysis for two start-up companies. Served as the chief financial officer for start-up medical equipment company and cable television investment group. Built a detailed business and financial plan, and negotiated the sale of marketing rights to fund working capital needs. Also, negotiated with equity and debt sources for the funding.

Conducted operating reviews worldwide, and coordinated the development of financial forecasts, budgets and production plans. Managed the worldwide foreign exchange exposure program. Implemented a restructuring program that reduced break-even by 20% and resulted in seven consecutive quarters of profitability. Supervised preparation of analysis and developed the structure of a proposed LBO. Implemented a 401(k) program.

Four Financial Manager Positions, Four Supervisory Positions and Numerous Financial Analyst Positions on the Central Finance Staff and at Three Operating Divisions.