Michael Lane

Chief Strategy Officer (CSO) at Formerra
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Contact Information
us****@****om
(386) 825-5501
Location
Greater Cleveland
Languages
  • French -

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Bio

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Experience

    • United States
    • Plastics Manufacturing
    • 100 - 200 Employee
    • Chief Strategy Officer (CSO)
      • Nov 2022 - Present

    • United States
    • Plastics Manufacturing
    • 700 & Above Employee
    • General Manager, Distribution
      • Jul 2020 - Oct 2022

      P&L responsibility for $600M in revenue for Avient's Distribution segment. Led ~45 person commercial and technical teams across the eastern and southern United States and Canada with responsibility for sales growth, profitability, and supplier relationships. Launched Avient Distribution's digital strategy, spearheading cross-functional team to build out Avient Now - Avient's digital / ecommerce platform to meet customers' evolving needs (avientnow.com). P&L responsibility for $600M in revenue for Avient's Distribution segment. Led ~45 person commercial and technical teams across the eastern and southern United States and Canada with responsibility for sales growth, profitability, and supplier relationships. Launched Avient Distribution's digital strategy, spearheading cross-functional team to build out Avient Now - Avient's digital / ecommerce platform to meet customers' evolving needs (avientnow.com).

    • United States
    • Chemical Manufacturing
    • 700 & Above Employee
    • General Manager, Distribution
      • Mar 2019 - Jun 2020

    • Integration Director
      • Jun 2018 - Feb 2019

      Led all aspects of PlastiComp's integration into PolyOne following the acquisition, focusing on safety, employee retention, and no lost customers. Developed and implemented strategy to leverage PolyOne's global commercial team to drive growth. Managed the transition to PolyOne's HR policies, most notably for compensation and benefits. Integrated PolyOne's and PlastiComp's financial systems to enable reporting.

    • Finance Director, Specialty Engineered Materials
      • Jan 2017 - May 2018

      Led the financial planning and analysis team for the $625M global Specialty Engineered Materials segment. Responsible for all financial reporting, budgeting, working capital management, capital expenditures, and strategic analysis.

    • Finance Director, Distribution
      • Oct 2013 - Jan 2017

      Led the financial planning & analysis team supporting the $1.0B Distribution segment with operations primarily in North America and Asia.

    • Finance Manager, Europe Engineered Materials
      • Dec 2012 - Oct 2013

      Responsible for all financial planning & analysis for $155M business unit with four manufacturing facilities in three countries. Collaborated with leadership team across Europe to provide financial support and analysis for the business.

    • Finance Manager, Color & Additives North America
      • Jan 2012 - Dec 2012

      Responsible for all financial planning & analysis for $135M business unit with seven manufacturing facilities across North America.

    • Treasury Manager
      • Jan 2011 - Dec 2011

      Managed global bank account structure, cash forecasting process, and cash repatriation efforts, enabling company to maximize available liquidity while limiting interest expense on revolving credit facility. Led RFP process with investment banks to recommend and implement $300 million term loan and $300M asset-based loan to fund $500M acquisition.

    • Senior Financial Analyst - M&A and Treasury
      • Jun 2009 - Jan 2011

      Contributed to mergers and acquisitions process by coordinating all due diligence, creating valuation models, and participating in purchase contract negotiations. Collaborated with various business teams to develop integration / divestiture timelines on three acquisitions and two divestitures.

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Senior Associate - International Tax - Transfer Pricing
      • Jul 2004 - Jun 2007

Education

  • University of Michigan - Stephen M. Ross School of Business
    MBA, Finance
    2007 - 2009
  • University of Notre Dame
    BA, Economics
    2001 - 2004
  • Dartmouth College
    2000 - 2001
  • Archbishop Alter High School
    1996 - 2000

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