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Testimonial - 1179

Jul 19, 2010

I've been a turnaround CEO for many years and Ron was the best CFO I ever had.  His work ethic, creativity, and attention to detail helped us solve many issues.  We dramatically improved our gross margin by focusing on gross margin by SKU- building on the winners and reducing costs or dropping the SKU losers.  Ron negotiated the sale and leaseback of our plants, paid down debt, and negotiated our way out of bank and subordinated debt default.  We cleaned up our balance sheet reducing accounts receivable and inventory.  Ron was invaluable in dealing with our Board, banks, and subordinated debt holder- bringing calm in a period of great turmoil.

Stan Burson
President and CEO
Omega Polymer Technologies, Inc.
Aurora, Ohio

More from Ronald W. Baker…

About the Author

Ron began his career at Reliance Electric as an accounting clerk, working at night to complete his accounting degree. He served in a series of increasingly responsible accounting, treasury, and business development positions- culminating as Treasurer of RELTEC Corporation, a Reliance Electric telecom spin-off and private equity (Kohlberg, Kravis, Roberts- KKR) company. Subsequent to Reliance Electric/RELTEC, he served in a variety of industries in both large and small companies, in CFO, Treasurer, and President/CEO roles.

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