Paul F. Scott III
Chief Financial Officer at Chemical Guys- Claim this Profile
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Bio
Experience
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Chemical Guys
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United States
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Automotive
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1 - 100 Employee
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Chief Financial Officer
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Sep 2023 - Present
Los Angeles Metropolitan Area PE backed by AEA Investors Based in Southern California, Chemical Guys is a global manufacturing company specializing in the highest quality car care chemicals, car wash accessories, buffing pads and machines. Over 40 years of research and development has established Chemical Guys as a worldwide leader in the detailing and car care industry. Beginners and professionals alike choose Chemical Guys, not only for the finest car care products, but the world class customer support and… Show more PE backed by AEA Investors Based in Southern California, Chemical Guys is a global manufacturing company specializing in the highest quality car care chemicals, car wash accessories, buffing pads and machines. Over 40 years of research and development has established Chemical Guys as a worldwide leader in the detailing and car care industry. Beginners and professionals alike choose Chemical Guys, not only for the finest car care products, but the world class customer support and vast detailing knowledge. Chemical Guys is more than a brand - it's a lifestyle with a worldwide following. http://www.ChemicalGuys.com Show less
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Ferraro Foods
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United States
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Food & Beverages
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100 - 200 Employee
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Chief Financial Officer
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Nov 2021 - Jun 2023
Piscataway, New Jersey, United States PE backed by Kelso & Company CFO for largest Italian specialty food service distributor in the United States with sales of $1.3B+ sales across 8 divisions. • Made key hires in Controllership, FP&A, and IT • Implemented new technology including Planful (consolidation and reporting), Tableau (data analytics), and ADP outsourced payroll solution • Achieved working capital improvement of $15M+ • Completed 4 acquisitions adding $300M+ in sales; secured $100M credit facility to… Show more PE backed by Kelso & Company CFO for largest Italian specialty food service distributor in the United States with sales of $1.3B+ sales across 8 divisions. • Made key hires in Controllership, FP&A, and IT • Implemented new technology including Planful (consolidation and reporting), Tableau (data analytics), and ADP outsourced payroll solution • Achieved working capital improvement of $15M+ • Completed 4 acquisitions adding $300M+ in sales; secured $100M credit facility to support additional M&A • Established management reporting and operating review cadence, initiated annual budgeting/ capital deployment process, and created Board presentations • Led Value Creation Plan to distill strategic focus and identify key initiatives in support of long-term goals; created PMO to drive rigor in execution • Partnered with Executive Team to identify profitability improvement opportunities and drive synergy capture Show less
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Grainger
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United States
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Retail Office Equipment
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700 & Above Employee
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Vice President, Finance and Chief Financial Officer - Endless Assortment (B2B e-Commerce)
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Oct 2019 - Oct 2021
New York City Metropolitan Area Finance leader for Grainger’s fastest growing segment representing $2.5B+ of sales and operating in the US, Japan, the UK, and South Korea. Led efforts to establish new reportable segment, including development of management reporting and analysis to drive better decisions and provide insight to Grainger's Board; instrumental in crafting messaging and materials for investor relations with goal of unlocking shareholder value. Periodic interaction with Board of Directors.
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Vice President, Finance and Chief Financial Officer - Grainger Canada (Omnichannel)
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Dec 2015 - Sep 2019
Toronto, Canada Area Directed all aspects of financial management for $1B+, market-leading industrial distributor. Developed and implemented improvements for accounting, financial planning and analysis, treasury, tax, credit and collections, controllership, IT, real estate, and indirect procurement. Executed aggressive turnaround plan to drive business back to profitability (2017 - 2019). Periodic interaction with Board of Directors.
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Director - Internal Audit
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Jul 2013 - Dec 2015
Lake Forest, Illinois Led team of 25 internal auditors globally (North America, Latin America, Europe, Asia), including senior managers and staff level, to implement an effective and proactive risk framework. Overhauled audit approach, ensuring team was providing valuable business recommendations and solutions to senior leaders to inform key business decisions; frequent interaction with Audit Committee.
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Director - Finance
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Jan 2012 - Jul 2013
Waterbury, CT Managed a $2M budget and a team of 5 managers with a broader team of 15 professionals. Championed implementation of a new, fully integrated cloud-based SAP ERP. Led effective financial turnaround, transforming results from significant losses to positive cash flow, including cost savings of approximately $5M; amended business model, centralized services, and improved inventory management
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Rexel
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France
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Wholesale
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700 & Above Employee
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Director - Financial Planning & Analysis
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Dec 2009 - Dec 2011
Shelton, CT Orchestrated financial reporting and analysis, globally, for major segment of the largest electrical distributor; $2B, with 100 branches, spanning 10 countries. Eliminated operating costs of $20M+ by executing a successful organizational restructuring
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Winchester Interconnect
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United States
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Appliances, Electrical, and Electronics Manufacturing
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300 - 400 Employee
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Controller
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Jun 2009 - Nov 2009
PE backed by Audax Group Addressed external audit deficiencies; built accounting close process and operating review rigor for $100M manufacturer; implemented inventory controls for US and Mexico sites; selected and implemented new employee benefit plan; transitioned insurance to lower cost carrier.
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U.S. Electrical Services, Inc.
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United States
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Wholesale
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100 - 200 Employee
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Controller
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Apr 2007 - May 2009
Hartford, Connecticut Area Initially PE backed by MSD Capital and Kelso & Company, later sold to Consolidated Electrical Distributors (CED) Owned all accounting, consolidation, reporting and analysis for $600M, PE-backed electrical distribution company; further supported the closing of several multimillion-dollar corporate acquisitions
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Rexel
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France
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Wholesale
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700 & Above Employee
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Internal Audit Manager
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Sep 2006 - Apr 2007
Shelton, CT
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Control Solutions International
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United States
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Business Consulting and Services
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1 - 100 Employee
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Audit Manager
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Jan 2005 - Sep 2006
Washington D.C. Metro Area
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GE
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United States
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Industrial Machinery Manufacturing
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700 & Above Employee
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Senior Auditor
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Aug 2003 - Dec 2004
Richmond, Virginia Area
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Leadership Development Program
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Feb 2002 - Aug 2003
Rotation 3 - Finance Analyst (Pension & Annuity Business Unit) – Hitchin, England Rotation 2 - e-Business Analyst (Group Medical Insurance Business Unit) – Enfield, CT Rotation 1 - Six Sigma Operations Analyst (Retirement Income Business Unit) – Richmond, VA
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Education
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University of North Carolina at Chapel Hill
Master of Business Administration (MBA) -
Virginia Polytechnic Institute and State University - Pamplin College of Business
Bachelor of Science