Oak Park, MI CFO

Ed is a high energy executive with over 25 years of finance and operating experience as a controller, chief financial officer, and chief operating officer for companies in a number of industries.  His broad experience and strategic perspective make him an effective finance leader and trusted advisor.  He has worked extensively with both large corporations and small, entrepreneurial firms, and has integrated the best of both: the process orientation and professionalism of multinational companies, and the non-bureaucratic approach of smaller enterprises.

Ed’s hands-on problem solving approach has resulted in a number of significant wins for the enterprises with whom he has worked.  Among other things he has:

• Managed finances of $15 million not-for-profit organization during multi-year economic downturn, providing strategic support by focusing on core competencies and maximizing assets.  During his tenure, the organization had surplus operating budgets every year.
• Revamped accounts payable and receivable department for $10 million retailer, reducing supplier disputes by 80%.
• Introduced robust daily cash flow forecast for not-for-profit company, eliminating cash shortfalls and improving relations with bank.
• Successfully negotiated line of credit renewals twice during nationwide credit freeze.
• Initiated strategic and operational turn around for $5 million health care provider, resulting in 12% revenue growth in four months.
• Identified and successfully negotiated manufacturing change, resulting in over $2 million in annual material savings at major automotive company.
• Negotiated economic concessions in multi-year union contract.
• Led and directed $15 million material cost reduction program for a multi-division international Tier 1 automotive supplier.
• Provided critical finance support to E-level team negotiating union contract at major utility; Designed management decision model.

Ed brings a passion for excellence and a "can-do" attitude to everything that he does.  He believes that it is the role of finance to maximize a company's assets by preserving cash, establishing accurate budgets and robust forecasts, and investing intelligently in growth.  He has a large number of skills and strengths to solve problems and create opportunities for growth, including:

• Experience in automotive manufacturing (OEM and Tier 1), not-for-profit, retail, health care, and other industries
• Pricing
• Capital Budgeting
• Budgeting, Forecasting, Business & Strategic Plans
• Internal Controls & Risk Management
• Maximizing Cash Flow
• Cash Management & Treasury
• Cost Accounting
• Legal Affairs & Intellectual Property
• Mergers & Acquisitions, Real Estate, Operations
• Board of Directors relations
• Working with Independent Auditors
• Managing IT and HR functions
• Contract Negotiations

As a long time resident of Southeast Michigan, Ed has an extensive network of contacts in the banking, legal, business, insurance, and civic communities.

Ed received his bachelor’s degree from Columbia University, and has an MBA from the University of Pittsburgh.

Ed and his wife live in Oak Park, MI where they are active in a number of communal organizations. They are the parents of six children and two grandchildren.

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