Terry Bates:
CLASS OF 1980
Mt. Clemens High SchoolClass of 1980
Mt. clemens, MI
University of Michigan - BusinessClass of 1985
Ann arbor, MI
Terry's Story
Life
CFO
Mergers & Acquisitions/Startup, Joint Venture & Turnaround Situations/Creating Investor Value
Instituting Cost Reduction Strategies/Business Expansions/Process Reengineering/Financial Statement Analysis
MasterÂs of Accounting, B.B.A., C.M.A., VP International/Chief Financial Officer charged with developing and directing financial initiatives, strategic/tactical plans, and revenue performance targets for a $200 million CPG company. Possess more than 9 years of CFO responsibility and 12 years experience with publicly traded companies.
Financial and business management acumen gained over the past 20+ years encompasses:
 Recruited by the chairman to turn around an outdated, underperforming accountability system for an organization operating in 9 countries with $200 million in annual sales. Built financial budgets for 12 operational functions, which created cash flow and investment planning that drove a comprehensive financial accountability system for each department.
 Improved on-time delivery for 15 key customers by 1200 basis points and enhanced fill-rate for these clients by 100 basis points, all within 9 months. Upgraded Orange GloÂs supplier ranking (from the 2nd quartile of suppliers in category to the top quartile) at Wal-Mart for consistent on-time delivery and fill rate.
 Within a 3-year time frame, acquired, launched, and united in joint ventures with 10 different international companies that grew from zero to more than 25% of company sales and profits for a $750 million manufacturing organization.
Acted as a Âtrusted advisor for shareholders in turning around a distressed company that, within 3 years, sold for $325 million. Accomplished the profitable sale of this privately held company by leading and working closely with a 22-member cross-functional, internal/external team comprised of legal, mergers/acquisitions, operations, and finance representatives.
Core competencies: Formal Presentation Skills; C...Expand for more
reating a Shared Financial & Operational Vision; Client Relationship Management (CRM); Contract Negotiations/Deal Structuring; Go-To-Market Strategies; Restructuring Underperforming Businesses; Evaluating & Addressing Financial Performance; and P&L Improvements.
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PROFESSIONAL EXPERIENCE & ACCOMPLISHMENTS
ORANGE GLO INTERNATIONAL (now a Church & Dwight company)
Greenwood Village, Colorado 2003 to Present
VP International/CFO (2005-Present) Â Responsible for restructuring companyÂs unprofitable overseas operations. Primary duties focus on improving content, format and processes behind management information and financial reporting packages, and developing a financial system of accountability for every number on the P/L and B/S.
 Architected the business plan, strategy and vision within 12 months that turned around an unprofitable overseas operation by implementing a new licensing agreement in the U.K. and a distributorship in Japan while spinning off or closing other unprofitable overseas operations.
 Significantly improved company P&L and balance sheet that eliminated $30 million in borrowed debt within 2 years.
VP Operations/CFO (2004-2005) Â Recruited by shareholders to take on the additional responsibilities of Vice President of Operations. Built and led a 50-member cross-functional process improvement team that developed new, streamlined procedures to manage key business processes.
 Reduced logistics, warehouse storage and product costs by 10% within one year by negotiating new contracts with key suppliers, implementing transportation management system, and working with a wide array of teams to reduce operational expenses.
Vice President/CFO (2003-2004) Â Primary duties focused on improving content, format and processes behind management information and financial reporting packages, and developing a financial system of accountability for every number on the P/L and B/S.
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