Lawrence (Woody) H.
Vice President Finance at CDI Energy Products- Claim this Profile
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Bio
Experience
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CDI Products
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United States
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Manufacturing
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1 - 100 Employee
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Vice President Finance
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Jan 2008 - Dec 2019
Houston, Texas Area A subsidiary of Michelin specializing in the design, manufacturing and processing of high quality, high performance seals and components for the energy industry. Annual sales are $100 million. Recently retired after 12 years. Responsible for strategic direction and management of all Finance, Accounting, IT and Treasury functions. • Developed and maintained a strong controllership framework to achieve and support business objectives and ensure compliance with policies and… Show more A subsidiary of Michelin specializing in the design, manufacturing and processing of high quality, high performance seals and components for the energy industry. Annual sales are $100 million. Recently retired after 12 years. Responsible for strategic direction and management of all Finance, Accounting, IT and Treasury functions. • Developed and maintained a strong controllership framework to achieve and support business objectives and ensure compliance with policies and procedures. • Acted as the advisor to the business on all general and complex accounting and reporting issues. This required a strong understanding of all accounting policies and technical matters impacting the global business. • Led financial due diligence team resulting in two international and one domestic acquisition. Performed numerous acquisition valuations. Responsible for the financial integration of acquisitions. • Drove continuous improvement in the processes related to the financial close and reporting process. • Increased cash flow metrics through close management of inventory, A/R and A/P to improve Net Working Capital. • Built finance team through succession planning to ensure seamless transition upon my retirement. • Team sponsor in reimplementation of ERP system providing training and guidance to utilize ERP concepts and to work within the system rather than outside workarounds. Show less
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Consulting Chief Financial Officer
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Feb 2006 - Jan 2008
Ft Lauderdale, Florida Albar Precious Metals – Fort Lauderdale, FL 2006 To 2008 Consulting Chief Financial Officer of a $40 million refiner of precious metals. Responsible for all financial aspects of the company as well as advising on various plant and operating efficiencies.
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TOR MINERALS INTERNATIONAL
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United States
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Chemical Manufacturing
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1 - 100 Employee
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Chief Financial Officer
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Sep 2003 - Feb 2006
Corpus Christi, Texas Area TOR Minerals International, Inc. – Corpus Christi, TX 2003 To 2006 A public global specialty chemical company engaged in the business of manufacturing and marketing mineral products for use as pigments in paints, industrial coatings and plastics. Annual sales $32 million. Chief Financial Officer and Treasurer Responsible for all Finance, Accounting, SEC Reporting, IT and Treasury functions for all sites which include international operations in Malaysia and the… Show more TOR Minerals International, Inc. – Corpus Christi, TX 2003 To 2006 A public global specialty chemical company engaged in the business of manufacturing and marketing mineral products for use as pigments in paints, industrial coatings and plastics. Annual sales $32 million. Chief Financial Officer and Treasurer Responsible for all Finance, Accounting, SEC Reporting, IT and Treasury functions for all sites which include international operations in Malaysia and the Netherlands. • Negotiated various credit facilities totaling more than $10 million to support asset and operational requirements, which resulted in auditors removing a going concern opinion. • Organized private placement of $3.5 million of common and preferred stock. • Developed internal reporting and Board package, submitting accurate, timely and pertinent information upon which to base financial decisions. • Championed the Company’s Sarbanes Oxley initiative. Show less
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Vice President Finance
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May 1999 - Feb 2003
Miami/Fort Lauderdale Area HI–RISE RECYCLING SYSTEMS, INC. - Miami, FL 1999 To 2003 Manufacturer of solid waste processing equipment and recycling systems. Annual sales of approximately $60 million. Vice President Finance Responsible for all aspects of accounting, financial reporting (NASDAQ & SEC compliance), treasury and IT. • Negotiated various forbearance and restructuring credit facilities (totaling $60 million) in support of reorganization and recapitalization and subsequent private acquisition of… Show more HI–RISE RECYCLING SYSTEMS, INC. - Miami, FL 1999 To 2003 Manufacturer of solid waste processing equipment and recycling systems. Annual sales of approximately $60 million. Vice President Finance Responsible for all aspects of accounting, financial reporting (NASDAQ & SEC compliance), treasury and IT. • Negotiated various forbearance and restructuring credit facilities (totaling $60 million) in support of reorganization and recapitalization and subsequent private acquisition of Hi-Rise. • Coordinated a comprehensive cash management and forecasting process to track and project daily and 13 week rolling balances. • Managed the accounts receivable credit and collection process resulting in a 32% ($3 million) reduction of past due balances. • Coordinated the implementation of the IT platform in 4 subsidiaries. Show less
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Honeywell
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United States
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Appliances, Electrical, and Electronics Manufacturing
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700 & Above Employee
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Controller, Operational Analysis and Cost Management
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Mar 1995 - May 1999
Miami/Fort Lauderdale Area, Tempe AZ HONEYWELL (AlliedSignal Inc.) 1995 To 1999 Aircraft Equipment Systems, Tempe, AZ (Over $5 Billion in Sales) Controller, Operational Analysis and Cost Management, 1996 to 1999 Commercial Avionics Systems, Ft Lauderdale, FL Controller, 1995 to 1996 Recruited to coordinate, plan and execute a complete re-engineering of the General and Cost Accounting departments of a $160 million division located in Florida. Maintained direct accountability for the coordination and management… Show more HONEYWELL (AlliedSignal Inc.) 1995 To 1999 Aircraft Equipment Systems, Tempe, AZ (Over $5 Billion in Sales) Controller, Operational Analysis and Cost Management, 1996 to 1999 Commercial Avionics Systems, Ft Lauderdale, FL Controller, 1995 to 1996 Recruited to coordinate, plan and execute a complete re-engineering of the General and Cost Accounting departments of a $160 million division located in Florida. Maintained direct accountability for the coordination and management of general and cost accounting, financial reporting, accounts payable, accounts receivable, cash management and systems development. Re-assigned to a $1.0 Billion division in Arizona to oversee and direct all manufacturing and engineering cost management functions and work directly with operations to analyze and forecast inventory requirements. • Strengthened Balance Sheet controls through use of process mapping, cross-functional teams and initiating balance sheet reconciliation and GAAP review processes, which identified and dispositioned greater than $15 million of Balance Sheet risk. • Managed cash flow initiative resulting in $3.0 million increase by prioritizing shipments and increasing collection efforts. • Developed and implemented inventory reporting for operational management including analysis detailing current and potential future risks. • Implemented new cost system successfully changing from a Standard to an Average Actual Costing System. • Managed the accounting for government engineering contracts in excess of $150 million and insured compliance with DCAA rate audits. Show less
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Harris Corporation
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United States
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Defense and Space Manufacturing
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700 & Above Employee
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Manager International Sales and Marketing Finance
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Apr 1990 - Mar 1995
Melbourne, Florida Area HARRIS CORPORATION, SEMICONDUCTOR SECTOR Manufacturer of Semiconductors/Integrated Circuits, Melbourne, FL 1990 To 1995 Manager, International Sales and Marketing Finance Provided financial management and control to the worldwide sales and marketing organization with 9 multinational locations, revenue of $1.2 Billion. Responsible for accounting, budgeting, management and statutory reporting, sales incentive plans, Activity Based Costing, inventory management, cash management… Show more HARRIS CORPORATION, SEMICONDUCTOR SECTOR Manufacturer of Semiconductors/Integrated Circuits, Melbourne, FL 1990 To 1995 Manager, International Sales and Marketing Finance Provided financial management and control to the worldwide sales and marketing organization with 9 multinational locations, revenue of $1.2 Billion. Responsible for accounting, budgeting, management and statutory reporting, sales incentive plans, Activity Based Costing, inventory management, cash management, financial systems integration, foreign exchange hedging and developing overall action plans to ensure that financial objectives were achieved. • Successfully designed and integrated a foreign exchange model which identified in excess of $150 million of foreign exchange exposures and related hedging opportunities. • Refined worldwide Activity Based Costing and initiated Activity Based Management resulting in sales and marketing management reprioritizing resources to more value-added activities. • Implemented general ledger system in foreign sites increasing automated reporting and providing accurate, timely and consistent month end information. • Overall efficiency improvements within department allowed for a staff reduction of six resulting in savings in excess of $400 thousand while maintaining high quality standards. Show less
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Various
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Jan 1980 - Apr 1990
USA CLINICAL RESEARCH INTERNATIONAL, RTP, NC 1989 To 1990 Associate Director - Finance and Administration SIECOR CORPORATION, Hickory, NC 1985 To 1989 Manager, Financial Planning and Analysis DATAPOINT CORPORATION, San Antonio, TX Operational Auditor 1983 To 1985 DELOITTE, HASKINS AND SELLS, Dallas, TX Senior Auditor on SEC engagements 1980 To 1983
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Education
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The University of Texas at Austin - Red McCombs School of Business
Master of Business Administration - MBA, Accounting and Finance -
The University of Texas at Austin - Red McCombs School of Business
Bachelor of Business Administration - BBA, Accounting and Finance