Expect Results...
** Successfully led the turnaround of a $5B retail division. Revenues improved by $500M in an 18-month period of time, this was in conjunction with a .5 basis point improvement in margins due to improved added value selling and operating expense cutting. Overall shrink decreased by $33M over the prior year. This overall improvement led to the first profitable fiscal year by the Fortune 200 company in 5 years.
** Our client was a privately held manufacturing company with both direct and OEM sales in serious financial distress due to losing 56% of its gross revenue when its largest OEM customer was acquired by a large multinational company. The solution required moving from a 200,000 sq ft facility into a 60,000 sq ft facility. The process included restructuring the management of the company and all the departments. In the reorganization process, field maintenance went from losing money to generating 23% of the company's net profit. We closed this turnaround with the sale of the company at 8.4 times earnings.