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.