David Walkowski

Chief Financial Officer at Homewerks Worldwide
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us****@****om
(386) 825-5501
Location
Greater Chicago Area

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Experience

    • United States
    • Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • Dec 2021 - Dec 2022

      Lake Bluff, Illinois, United States Homewerks Worldwide, LLC is a leading home improvement products company selling to major retailers. Homewerks develops, sources, and markets bathroom, kitchen, and plumbing products for home and commercial use. Since its formation in 2006, Homewerks has shown consistent sales growth fueled by a proven track record of bringing innovative, efficient, and high-quality product solutions to homes. Private equity firm H.I.G. Capital completed a growth investment in Homewerks in May 2021. ● Carved… Show more Homewerks Worldwide, LLC is a leading home improvement products company selling to major retailers. Homewerks develops, sources, and markets bathroom, kitchen, and plumbing products for home and commercial use. Since its formation in 2006, Homewerks has shown consistent sales growth fueled by a proven track record of bringing innovative, efficient, and high-quality product solutions to homes. Private equity firm H.I.G. Capital completed a growth investment in Homewerks in May 2021. ● Carved out CFO function in former private company that was founded by CEO in 2006. ● Positioned Finance function for business growth through department expansion including FP&A, Controller, and accounting roles. ● Established monthly, quarterly, and board reporting format/cadence with PE firm, management, and lenders. ● Improved cash flow forecasting process and established reporting rhythm. Initially utilized a third party and converted to in-house upon hiring FP&A resource. The process led to stronger liquidity and a reduced revolver balance through improved accuracy. Co-created inventory review cycle that identified areas of opportunity, leading to $24M inventory reduction in 6-month period. ● Acquired and integrated product lines of competitor. Assisted business through lease of additional warehouse space to support acquisition and replace several short-term leases. ● Acted as executive sponsor and key member of steering committee to identify and select new ERP system. Show less

    • United States
    • Paper and Forest Product Manufacturing
    • 200 - 300 Employee
    • Vice President, Chief Financial Officer, Treasurer and Secretary
      • Dec 2012 - Sep 2021

      Oshkosh, Wisconsin Revenues $500M Recruited into role following Metalmark Capital's acquisition of Hoffmaster. Managed Finance and IT Systems staff of 60. Responsible for all areas of finance leadership including corporate and division finance, taxes, treasury and lending relationships, risk management, legal, and information systems. Hoffmaster designs and manufactures premium disposable tableware products including napkins, paper plates, placemats, table covers, guest towels, doilies, and other related party… Show more Revenues $500M Recruited into role following Metalmark Capital's acquisition of Hoffmaster. Managed Finance and IT Systems staff of 60. Responsible for all areas of finance leadership including corporate and division finance, taxes, treasury and lending relationships, risk management, legal, and information systems. Hoffmaster designs and manufactures premium disposable tableware products including napkins, paper plates, placemats, table covers, guest towels, doilies, and other related party goods distributed into the foodservice and consumer markets. ● Partnered with leadership team to grow revenues by $145M and EBITDA by $34M. ● Transitioned ownership from Metalmark Capital to Wellspring Capital Management in 2016. ● Completed 5 acquisitions and related due diligence and integration. ● Managed $500M First and Second Lien debt, compliance reporting, and calls with lenders and agencies. Worked through elimination of covenants, refinancing of debt, and maturity extension. ● Reorganized Finance function to be more responsive to business needs: upgraded leadership, established corporate accounting and treasury functions. ● Managed company real estate, negotiated leases for 3 new facilities and exits of 5 facilities. Show less

    • Real Estate
    • 1 - 100 Employee
    • Independent Consultant
      • 2012 - 2012

      Charlotte, North Carolina Area ● Provided guidance to multiple business structure following internal fraud. Identified areas of risk, recommended pricing and cost savings opportunities to improve business performance. Conducted interviews and recommended replacement controller. ● Consumer products industry consultant

    • United States
    • Manufacturing
    • 700 & Above Employee
    • Vice President of Finance/CFO - Rubbermaid Consumer Products Global Business Unit
      • Sep 2008 - Dec 2011

      Huntersville, North Carolina Revenues $1 Billion Promoted into role upon combination of Home Products and Food Products business units and staffs in 2008. Provided global financial leadership and held P&L, balance sheet, and cash flow responsibility for consumer products sold at retail under the iconic Rubbermaid brand. Reported directly to the business unit President, and managed finance and information systems staff of 40 including 4 direct reports. Served as key member of division leadership team and effectively… Show more Revenues $1 Billion Promoted into role upon combination of Home Products and Food Products business units and staffs in 2008. Provided global financial leadership and held P&L, balance sheet, and cash flow responsibility for consumer products sold at retail under the iconic Rubbermaid brand. Reported directly to the business unit President, and managed finance and information systems staff of 40 including 4 direct reports. Served as key member of division leadership team and effectively second in command to the President. ● Led division through turbulent raw material cost and pricing environment; developed and implemented revised pricing strategy and forward visibility to material costs, leading to $70 Million improvement in annual income ● Established business unit understanding of financial performance range as well as gap closure/overdrive plans ● Closed 2 of 6 manufacturing locations and one distribution center, generating $23 Million in annual savings ● Rubbermaid business unit recipients of 2008 and 2009 Newell Rubbermaid Brand Building and Pinnacle awards for marketing and business performance

    • Vice President of Finance/CFO - Rubbermaid Home Products Global Business Unit
      • Mar 2006 - Sep 2008

      Huntersville, NC/Fairlawn, OH Revenues $800 Million Promoted into role. Provided global financial leadership and held P&L, balance sheet, and cash flow responsibility for Rubbermaid home organization and seasonal products sold at retail. Reported directly to the business unit President, and managed finance and information systems staff of 45 including 4 direct reports. Served as key member of division leadership team and effectively second in command to the President. ● Repositioned portfolio to exit unprofitable… Show more Revenues $800 Million Promoted into role. Provided global financial leadership and held P&L, balance sheet, and cash flow responsibility for Rubbermaid home organization and seasonal products sold at retail. Reported directly to the business unit President, and managed finance and information systems staff of 45 including 4 direct reports. Served as key member of division leadership team and effectively second in command to the President. ● Repositioned portfolio to exit unprofitable products and replace with new products at higher margins; led division through potential divestiture of specific product lines within the business ● Relocated division from Ohio to North Carolina and retooled Finance staff in 2007 ● Closed 3 of 8 manufacturing locations, generating $38 Million in annual cost reductions ● Implemented financial discipline and controls including Sarbanes-Oxley requirements

    • Vice President of Finance/CFO - Rubbermaid Canada
      • Apr 2003 - Mar 2006

      Mississauga, Ontario, Canada Revenues $200 Million Promoted into role as an expatriate. Provided financial leadership and held P&L, balance sheet, and cash flow responsibility for Rubbermaid consumer and commercial as well as Little Tikes and Graco businesses in Canada. Reported directly to the business unit President. Rebuilt and managed a business-focused finance and informations systems staff of 17 individuals including 4 direct reports. Served as key member of division leadership team and effectively second in… Show more Revenues $200 Million Promoted into role as an expatriate. Provided financial leadership and held P&L, balance sheet, and cash flow responsibility for Rubbermaid consumer and commercial as well as Little Tikes and Graco businesses in Canada. Reported directly to the business unit President. Rebuilt and managed a business-focused finance and informations systems staff of 17 individuals including 4 direct reports. Served as key member of division leadership team and effectively second in command to the President. ● Led the transformation of Rubbermaid Canada into a newly established standalone operating and reporting division of Newell Rubbermaid ● Developed and implemented manufacturing restructuring which generated $3 Million in annual savings ● Managed $75 Million in foreign currency exposures through coordination with Corporate Treasury ● Implemented financial discipline and controls including Sarbanes-Oxley requirements

    • Financial Controller - Sanford International
      • Jun 2001 - Apr 2003

      Bellwood, Illinois Revenues $500 Million ● Led business analysis for Latin America and Asia Pacific regions as well as global consolidation of financial results for 30 reporting entities ● Completed financial integration of Paper Mate, Parker, Waterman, and Liquid Paper brands from Gillette ● Implemented TM1 software to consolidate and analyze financial results, budgets, and forecasts ● Implemented value-added monthly business reporting process where no previous process was in place ● Managed staff… Show more Revenues $500 Million ● Led business analysis for Latin America and Asia Pacific regions as well as global consolidation of financial results for 30 reporting entities ● Completed financial integration of Paper Mate, Parker, Waterman, and Liquid Paper brands from Gillette ● Implemented TM1 software to consolidate and analyze financial results, budgets, and forecasts ● Implemented value-added monthly business reporting process where no previous process was in place ● Managed staff of 6 finance personnel (financial analysis and consolidation)

    • Manager, Cost Accounting - Newell Window Furnishings/Kirsch
      • Jan 2001 - Jun 2001

      Freeport, Illinois Revenues $250 Million ● Assisted in implementing global manufacturing strategy including plant closure and relocation of manufacturing to maquila plant in Mexico ● Managed staff of 17 finance/accounting personnel (cost accounting, inventory, accounts payable, and payroll for plants in the United States and Mexico) ● Provided financial leadership and discipline to manufacturing and operations functions

    • Manager, Financial Planning and Analysis - Newell Window Furnishings/Kirsch
      • Jan 2000 - Jan 2001

      Freeport, Illinois ● Negotiated financial incentives of $8.1 Million through the State of Illinois and City of Freeport to maintain production facility and locate distribution center in Freeport, Illinois ● Negotiated accounts receivable collection issues directly with customers ● Managed staff of 8 finance personnel (financial analysis and accounts receivable) ● Provided financial guidance and discipline to the sales and marketing functions through analysis of sales/product opportunities to grow the… Show more ● Negotiated financial incentives of $8.1 Million through the State of Illinois and City of Freeport to maintain production facility and locate distribution center in Freeport, Illinois ● Negotiated accounts receivable collection issues directly with customers ● Managed staff of 8 finance personnel (financial analysis and accounts receivable) ● Provided financial guidance and discipline to the sales and marketing functions through analysis of sales/product opportunities to grow the business

    • United States
    • Chemical Manufacturing
    • 1 - 100 Employee
    • Assistant Controller - Phelps Dodge High Performance Conductors
      • Jan 1997 - Dec 1999

      West Caldwell, New Jersey Revenues $150 Million ● Completed financial justification for the 1999 restructuring of West Caldwell, New Jersey manufacturing operation whereby two plant locations were consolidated into existing facilities. Assisted in implementing elements of restructuring plan, which resulted in annual savings of $8.5 Million (approximately 30% of costs). ● Assisted with post-acquisition integration and implemented Phelps Dodge Corporation financial metrics and procedures as the first Phelps Dodge… Show more Revenues $150 Million ● Completed financial justification for the 1999 restructuring of West Caldwell, New Jersey manufacturing operation whereby two plant locations were consolidated into existing facilities. Assisted in implementing elements of restructuring plan, which resulted in annual savings of $8.5 Million (approximately 30% of costs). ● Assisted with post-acquisition integration and implemented Phelps Dodge Corporation financial metrics and procedures as the first Phelps Dodge employee to relocate to the site following 1996 acquisition ● Implemented participative budgeting and cost control process at West Caldwell manufacturing location where no previous processes were in place ● Provided financial analysis and assisted in establishing contractual policies related to labor contract negotiations ● Supervised 6 finance and administrative personnel (cost accounting, general accounting, accounts payable, payroll, and general administration) ● Managed cost accounting, monthly closings, financial forecasting, budgeting, and capital spending

    • Senior Financial/Control Analyst - Phelps Dodge Industries, Inc.
      • Jan 1995 - Dec 1996

      Phoenix, Arizona Revenues $1.7 Billion ● On an interim basis (approximately six months), managed workload of two directors who left the organization; reported directly to Senior Vice President of the corporation during this period ● Conducted due diligence and analysis on prospective acquisitions and assisted with post-acquisition integration activities, including acquisition of manufacturing operation in West Caldwell, New Jersey (subsequently re-located to this operation) ● Participated on task teams… Show more Revenues $1.7 Billion ● On an interim basis (approximately six months), managed workload of two directors who left the organization; reported directly to Senior Vice President of the corporation during this period ● Conducted due diligence and analysis on prospective acquisitions and assisted with post-acquisition integration activities, including acquisition of manufacturing operation in West Caldwell, New Jersey (subsequently re-located to this operation) ● Participated on task teams for business unit development/improvement projects including cost analysis and reduction, purchasing/accounting integration, and overall business unit improvement ● Performed financial and business analysis of the Phelps Dodge Industries business units (wire and cable, specialty chemicals, and transportation segments)

    • Senior Business Development Analyst - Phelps Dodge Magnet Wire Company
      • Jan 1994 - Dec 1994

      Fort Wayne, Indiana Revenues $350 Million ● Coordinated the business unit’s strategic planning process ● Conducted due diligence and related analysis on acquisition of two manufacturing locations and assisted with post-acquisition integration activities ● Acted as liaison for Austrian joint venture: conducted quarterly visits and assisted with financial/business issues

    • Financial Analyst - Phelps Dodge Magnet Wire Company
      • Jun 1992 - Dec 1993

      Fort Wayne, Indiana ● Developed and analyzed the division’s strategic plan as the only non-executive member of the strategic planning team ● Prepared and analyzed financial statements for Austrian joint venture ● Prepared and analyzed financial statements, forecasts, and budgets

    • Real Estate
    • 1 - 100 Employee
    • Consultant
      • Aug 1991 - Jun 1992

      ● Assisted in accounting and reconciliation project for failed savings and loan associations as subcontractor for the Resolution Trust Corporation through the Southfield, Michigan accounting firm Plante & Moran ● Completed assignments in California, Colorado, Ohio, and Michigan

    • United States
    • Motor Vehicle Manufacturing
    • 700 & Above Employee
    • Summer Intern
      • May 1990 - Aug 1990

      Dearborn, Michigan ● Completed an in-depth analysis of the major sales segments for the Power Products Operations group to identify new sales and profit opportunities ● Outlined the communication network between Power Products Operations and its customers

    • 1 - 100 Employee
    • Staff Accountant
      • Jul 1987 - May 1989

      Detroit, Michigan ● Performed audit testing and analysis for manufacturing, financial services, and not-for-profit clients ● Acted as in-charge accountant on one audit engagement ● Worked as an intern during the summer of 1986

Education

  • University of Michigan
    Bachelor of General Studies
    1983 - 1987
  • University of Notre Dame - Mendoza College of Business
    Master of Business Administration
    1989 - 1991
  • University of Pennsylvania - The Wharton School
    2008 -
  • Thunderbird School of Global Management
    1996 -

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