Effective high energy growth and transformational leader with proven track record, excellent reputation and outstanding results at aerospace, automotive, technology, electronics, logistics, marketing services and diversified manufacturing companies. Outstanding communication and strategic leadership skills combined with customer and process oriented management style as well as demonstrated ability to strategically manage change and create significant value in dynamic and complex environments. General Electric and Stanford Graduate School of Business alum. Age 55, excellent health. Portfolio: http://www.corporatewarriors.com/mike7620
Nov 2006 - Jan 2009
Chairman & CEO
Chairman & CEO, Vertis Communications; Baltimore, MD (Dec, 2006–Jan 2009): Led the turnaround of distressed marketing and advertising services firm Vertis Communications ($1.8 billion) for private equity sponsors Thomas Lee and Evercore with an emphasis on growth and customer satisfaction as well as operational and management excellence. Results include dramatic improvement in customer service, new business capture, customer retention and growth; cost reductions and efficiency improvements ($50-100 million each year); significant management process improvements; four sigma improvement in quality; successful acquisition integration; dramatic improvements in sales management and strategic pricing; and first time ever dual prepackage bankruptcy and concurrent acquisition of a complimentary competitive business.
2005 - 2006
Aurora Capital/Anthony International
Chairman Anthony Intl & Senior Advisor Private Equity, Aurora Capital Group; Los Angeles, CA (2005–2006): As Chairman for Anthony International Corp drove a doubling in Enterprise value via improving operational performance; establishing and executing accelerated growth strategy; expanding in Asia; and mentoring CEO towards world class performance. In addition, provided operating and strategic guidance as well as proactive involvement in investing, execution and sourcing activities for the private equity firm Aurora Capital.
1998 - 2005
Chairman & CEO
Aftermarket Technology Corp
Chairman, President & CEO, Aftermarket Technology Corp; Chicago, IL (1999-2005): Led the turnaround, expansion and repositioning of this $2.5 billion (w materials flow through value- net $700 million) diversified public company (NASDAQ: ATAC) with a focus on operational excellence, customer oriented performance, robust management processes, new product development and growth. Results oriented accomplishments include achieving record profitability; 350% increase in EPS, $250 million (75%) reduction in debt; increased operating margins to 4X peers; stock price performance 200% higher than S&P 500 and DJIA; stock price appreciation of >400% with significant returns for primary investors; implementation of robust compliance, management & communication systems (including Sarbanes Oxley compliance); and significant new business wins accelerating growth trends. Major successful initiatives included sale of non-core assets; primary and secondary stock offerings; dutch auction tender; significant lean and six sigma cost based reductions; process based growth initiatives; acquisition integration; and significant management process improvements.
1995 - 1998
Chairman & CEO
Chairman & CEO, Grimes Aerospace, Forstmann Little company; Columbus, OH (1995-1998): Led the dramatic transformation of this international engineering and manufacturing company. Results of accomplishments include 75% increase in revenues and 250% increase in operating income in a two year period. Specific accomplishments include significant improvements in customer satisfaction and growth via robust product development; manufacturing process improvements; market share growth and world-wide customer support initiatives. Successfully sold the enterprise with resultant two year return to stockholders in excess of 500% and doubled the enterprise value of the firm.
1974 - 1985
Increasingly responsible engineering, financial management, program management and general management positions in medical, industrial and defense oriented businesses. Completed GE’s FMP Program w National Honors and consistently achieved GE’s top, “high potential”, performance level.
1983 - Present
General Electric - FMP
1982 - Present
1992 - 1993