Steve Lachenmeyer Email & Phone Number

Long Island

Ronkonkoma Ny

Recruited by President to bring greater transparency and accountability of financial performance within the business unit. Led the Finance function for all of the Nature's Bounty Co's wholesale operations in the US, Canada and Latin America which represents approximately $2 Billion in revenues. Day to day responsibility for all financial operations of the business including accounting, finance, planning, forecasting, financial analysis, strategic planning and reporting of financial results. Served as Treasurer and Board Member of the Nature's Bounty Foundation, which oversees and manages the company's philanthopic endeavors• Developed enhanced financial and management reporting and metrics, business processes and financial analytics to improve effectiveness of trade promotion expense, which represents a significant spend of the business. • Realigned FP&A resources to a model of a dedicated financial team for each business segment leader providing full P&L support to each segment which significantly enhanced business segment P&L accountability. • Partnered with business leads providing financial modeling and business analytics for several strategic initiatives including:o Transition from a broker led field sales organization to an employee based leadership structure. o Creation of and launch of a pet supplement product line.o Acquisition of specialty bar business.

Recruited by Owner into a newly created role of COO (first non-family member in a senior leadership position) to implement a strategic transformation of the business focused on hiring, developing and intergrating a day to day management team; repositioning technology as a driver of value in the business; and leveraging outstanding customer experience as a competitive advantage.• Planned, hired and developed senior management team, including leadership positions in Finance, Business Intelligence, Sales, Talent Management, Technology, Customer Service, Process Improvement and Warehousing and Distribution. • Implemented a financial planning and management discipline. Deployed operating metrics throughout the organization which led to immediate visibility to divergence from expected results and better informed operational decision making.• Improved product forecasting and planning resulting in a 8% reduction in purchases (approximately $1.2 million annually) and reducing backorders by 75%. • Implemented new ERP system which created a platform that allowed the company to push technology into the forefront, creating revenue opportunities and efficiency gains. • Implemented an e-Commerce website, sales force automation platform, product lifecycle management platform for product development team and enhanced automation in Distribution Center. These initiatives have created savings in excess of $1 million annually.• Transitioned the customer service teams from simple order taking to full service customer experience delivery that is recognized within our industry as a best in class. The company was named winner in several categories in the national Stevie Award for Sales and Customer Service.• Oversaw build out and relocation of company’s office and warehouse facilities.

Recruited by CFO to implement an FP&A process that would partner with and provide business analytics on sales, marketing, operations and R&D functions to the various strategic business units. Successfully navigated between corporate finance team who previously had responsibility and business units who were skeptical of increased scrutiny and an executive new to industry.