Director of Corporate Development
Allied Signal Corporation a $15 billion publicly
held company with worldwide, diversified interests and
operations
- P&L responsibility for turnarounds
and divestitures. Defined and executed corporate development
programs. Negotiated and consummated acquisitions,
redirected marketing, refocused R&D efforts, held
position as acting President during restructuring
and divestitures.
- Turnaround of an $18 million
electrical products company. Increased sales over
30% from $13 million to $18 million while re-establishing
profitability. Subsequently sold the company at a
50% premium.
- Divested a $60 million foundry
company; eliminated a $4 million environmental exposure,
shifted production schedules to accelerate new product
offering and resolved a $1 million inventory issue.
- Served on the Boards of several
European subsidiaries with operating overview responsibility.
- Identified, negotiated, and consummated
a $100-million acquisition leading the Corporation
into high technology, high-growth electronics with
a 60% market share.
- Personally identified, negotiated
and closed a total of 13 acquisition/divestitures
in North America and Europe.
- Key member of Bendix and Signal
acquisition teams.
- Formulated and effected the technological
and market growth plan for a newly formed $800 million
electronic components group.
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