Tim Mchugh Email & Phone Number

Dallas/Fort Worth Area

People plus Process equals Performance. That’s the fundamental belief of Tim McHugh and Randy Wright, co-founders of McHugh Wright. As Finance veterans, they have long experienced the value of focusing on people and processes to improve business results. For an organization to reach its potential, teams need to be optimally structured and processes need to align. McHugh Wright provides coaching & mentoring, process improvements, business intelligence, and risk management reviews that help individuals and teams elevate performance. There’s no substitute for hands-on experience and passion for what you truly believe in.

Irving, Texas

HeidelbergCement AG acquired Hanson PLC for $15.8 billion in 2007, at the peak of the U.S. housing boom. The subsequent global financial crisis exerted extreme pressure to quickly integrate North American operations and substantially reduce costs. CFO responsibilities included Business Planning & Analysis, Controlling, Shared Services, Information Technology, Treasury, Tax, Insurance, and Risk Management. Member of the Executive Committee, Pension Committee, Risk Committee. Created organizational blueprint and staffing plan for the North America Finance organization. Staffed with “the best of the best” from both former businesses (Lehigh and Hanson) to optimize knowledge and skill sets. Worked with seven direct-reports to develop detailed integration plans.Finance headcount reduced by 418 FTE’s or 39% (1,072 at acquisition to 654 at settle down). Achieved corresponding annual cost savings of $35 million. Stretch targets established in light of dramatic business downturn and U.S. recession.Worked closely with bankers and sureties, during the financial crisis and subsequent recession, to ensure liquidity and convince external stakeholders of HeidelbergCement’s continued viability, particularly after the death of German billionaire and largest shareholder, Adolf Merckle.

Irving, Texas

Hanson was a British producer of heavy building materials for the global construction industry. U.S. operations included 247 crushed rock and sand & gravel quarries, plus concrete pipe and brick manufacturing. During the construction boom, Hanson embarked on a series of bolt-on acquisitions. The company’s strategic footprint and strong performance in North America made it an attractive takeover candidate.As Divisional CFO (from 2003 to 2007) led the consolidation and reorganization of the Finance function to a centralized, back-office platform, therein reducing headcount by 30% and costs by $4.0 million. Developed financial models to support the strategic plan and key initiatives. Defined “high performance culture” within Finance and implemented KPI’s to drive continuous improvement.As Regional CFO (from 1999 to 2003) successfully transitioned ERP systems from GAAP to JDE. Completely integrated the Pioneer acquisition, which helped increase transactional productivity by 27.4%. Provided transfer pricing and EVA training to sales, operations and staff. Created and executed an internal customer survey to identify shortfalls and opportunities within Finance.

Irving, Texas

As Business Director, Western Zone, Office Imaging (1994 - 1996) directed all sales operations and financial functions, including pricing, budgeting, forecasting, personnel planning and recruitment, training, customer support, facilities management. Administered $33 million expense budget. Worked with District Sales Managers to develop marketing plans and sales strategies. Developed best in class productivity measures and targets. Created "scorecards" that helped increase earnings awareness and reduce annual spending by 5%. Achieved the highest sales and annuity margins of any U.S. zone in 1996 and 1997. Danka Business Systems acquired Kodak's Office Imaging business in 1997.As Finance Director, West Coast Division, Danka Business Systems (1997 - 1998) assembled, organized and directed the division's new, consolidated, Finance and Operations team, including accounting, pricing, supply chain, real estate, asset management. Five direct reports; 132 total staff. Met with key customers to promote the Danka value proposition. Worked with the County of Los Angeles to built rapport and trust, which reversed a negative trend and resulted in several incremental placements of high tech equipment and service contracts. Aligned sales and service regions. Set new sales expectations, quotas and service standards. Closed underutilized marketing and service centers.

Rochester, Ny

Rotational assignment in Marketing, to compliment manufacturing experience. $1.6 billion U.S. & Canada Region, Office Imaging Division. Improved sales forecast accuracy using history and field input, which helped align demand, with production. Average monthly forecast variance decreased from 8.9% to 2.4%, which improved earnings and helped the region achieve MRP-II certification.Assumed additional responsibilities when appointed Relationship Manager to manage alliance with GE Capital. Managed a wide range of outsourcing issues, which facilitated a positive, productive alliance. Insured "operating agreement" understanding and compliance. Established risk taking parameters. Set quality standards for customer service. Resolved cross-functional conflicts. Negotiated profit and loss sharing.

Master Of Business Administration (Mba), Finance & Economics

Bachelor'S Degree, Accounting