DANIEL J. ZIMMERLEE
11724 Olde Covington Way
Glen Allen, VA 23059
[Send email to request phone number] 99.1333
SUMMARY OF QUALIFICATIONS
* Executive Manager with a 25-year record of outstanding results in consumer
packaged goods, manufacturing and logistics.
* Senior financial and operational management experience gained through
progressively-responsible leadership roles in two Fortune 100 consumer product /
manufacturing companies, a private equity-backed CPG company undertaking a major
restructuring and a leading privately-held transportation/logistics firm.
* CPA and MBA.
* Highly skilled in preparing and delivering formal executive presentations.
* Successful in mentoring and developing cross-functional staff.
* Expertise in strategic planning, budgeting, project management and corporate
finance.
* Proactive leader and conceptual thinker with a superior work ethic and
integrity.
* Customer-centered professional who can build/expand business relationships
and achieve outstanding results.
PROFESSIONAL EXPERIENCE
REYNOLDS CONSUMER PRODUCTS - RICHMOND, VIRGINIA 2006-PRESENT
Global manufacturer & marketer of branded and private label consumer foils,
wraps and bags (including Reynolds Wrap Foil), with revenue of $900 million. A
Rank Group (NZ) company, previously owned by Alcoa.
CFO & Vice President / (2006 - Present)
Lead all strategic business & capital planning, M&A, financial analysis,
operations finance, general accounting, risk management, compliance and working
capital management functions.
Key Accomplishments
* Delivered 16% EBITDA year-on-year increase in 2007. Delivered another 25% YOY
increase in EBITDA for 2008. Results driven through strategic leadership of
projects focused on SKU rationalization, plant consolidation, SG&A reduction,
marketing/promo spend efficiency and direct material savings.
* Coordinated Consumer Segment Re-Financing (including public debt offering)
within Q4 2009.
* Instituted new invoicing terms, resulting in a 10% improvement in DSO.
* Re-organized department to provide enhanced partnership with key functional
areas, improved analytical capabilities and more comprehensive tracking of KPI
metrics.
* Developed and implemented new customer / product profitability reporting
system.
* Served as interim co-GM with CMO, between January and September 2008.
* Developed offering memorandum and management presentation with Lehman Brothers
to facilitate a successful sale of the Alcoa Packaging & Consumer business
segment to Rank Group.
HOGAN TRANSPORT / LOGISTICS, INC. - ST. LOUIS, MISSOURI 2004-2006
Privately-held transportation and logistics management company with $200 million
in annual revenue.
Chief Financial Officer (2004 - 2006)
Led all financial planning/analysis, accounting, information technology, risk
management, credit, accounts receivable, payroll, tax and HR functions.
Key Accomplishments
* Developed financial and implementation support for a 10% revenue rate
increase for 2005.
* Directed cash flow process improvements to deliver a 30% overall reduction in
aged receivables.
* Re-organized IT department to provide superior support and "business partner"
approach.
* Developed enhanced financial reports and KPI scorecards to improve
customer/segment-level profitability analysis, resulting in a 50% overall PBT
improvement for 2005 vs. 2004.
* Negotiated auto liability and worker's comp. insurance renewals, reducing
premiums by 25%.
AURORA FOODS INC / PINNACLE FOODS GROUP INC - ST. LOUIS, MISSOURI 2000-2004
Food producer/marketer of Duncan Hines, Log Cabin, Mrs. Butterworth's, Country
Kitchen, Lender's, Van de Kamp's, Mrs. Paul's, Aunt Jemima, Celeste and Chef's
Choice products with $800 million in annual revenue.
Vice President, Financial Services (2000 - 2004)
Spearheaded all credit, accounts receivable, cash application, deduction
management and invalid deduction collection functions. Directed and coached 25
cross-disciplinary staff.
Operated as senior financial executive within operations. Managed key financial
projects to streamline financial reporting and drive cost effectiveness. Directed
the activity of departments responsible for financial planning/analysis and risk
management.
Key Accomplishments
* Directed company-wide SKU rationalization project which eliminated 400+
marginal items and reduced inventory levels by 30%.
* Drove the collection of $13 million in invalid deductions in 2003, which
represented a 50% increase in cash recovery versus the previous year.
* Consolidated order entry, customer service and invoicing functions into
cross-functional customer-focused teams, which resulted in a reduction of pricing
exceptions by over 10%.
* Directed cross-functional process improvements to reduce deductions and DSO
by 20% each.
* Managed a comprehensive physical inventory and revaluation of idle fixed
assets. Collaborated with engineering and other staff to exceed recovery
objectives on asset disposition by $200,000.
* Collaborated with internal audit on the establishment and execution of trade
promotion audits.
* Designed new KPI scorecard and financial reporting package including analyses
of plant operations, product costs, customer service and logistics. The enhanced
visibility to key cost drivers facilitated a favorable operating result to the
$500 million operations budget.
* Transitioned from third party customer accounting to internal support with $1
million in savings.
* Created an annual business plan process and coordinated the timely input,
analysis and consolidation of the plan.
* Directed the SG&A cost-effectiveness initiative, resulting in $2 million of
targeted savings.
* Designed new plan/forecast financial variance reporting capability.
* Conducted product line financial viability and divestiture analysis and
managed corporate insurance renewal process. Drafted and presented financial
reports to executive staff.
CONAGRA FROZEN FOODS GROUP - OMAHA, NEBRASKA 1986 - 2000
Manufacturer and marketer of Healthy Choice, Marie Callender's, Banquet and Kid
Cuisine products with $1.5 billion in annual revenue.
Controller, Special Channels (1998 - 2000)
Directed all financial accounting, reporting and analysis for the Foodservice,
International, Private Label, Military and other non-retail business segments.
Director, Sales Finance (1993 - 1998)
Managed 50+ staff engaged in revenue cycle administration including credit,
trade promotion control, pricing, sales/broker audit, invoicing, cash
application, deduction management, and collection activities.
Manager, Marketing Finance (1990 - 1993)
Managed all financial planning and analysis for Healthy Choice and Banquet
brands.
Manager, Accounting Services (1989 - 1990)
Directed financial reporting, inventory, fixed asset, payroll and bank
reconciliation functions within the general accounting arena. Developed mainframe
and PC-based report-writing capability across finance.
Senior Accountant, Financial Systems & Controls (1987 - 1989)
Senior Accountant, Inventory Systems (1986 - 1987)
Key Accomplishments
* Served as financial advisor to senior executive staff.
* Coordinated annual long-range and business planning as well as quarterly
update processes.
* Analyzed and presented diverse business unit investment and discontinuance
scenarios.
* Compiled and analyzed competitor financial and operating data.
* Led the company's SG&A cost-effectiveness initiative to deliver over $500,000
of savings.
* Key liaison between internal/external auditors and staff.
* Developed client-server customer profitability reporting tool.
* Business sponsor for the implementation of SAP for Retail, Channels and
Foodservice.
* Collaborated with senior sales management to convert from broker to direct
sales representation.
HARPER & ROW PUBLISHERS - ST. LOUIS, MISSOURI 1983-1986
Accounting Supervisor, Staff Accountant
EDUCATION / CERTIFICATION
Master of Business Administration - Eastern Illinois University - Charleston,
Illinois
B.S. in Business, Accounting - Eastern Illinois University - Charleston,
Illinois
CPA Certification - May 1991 (Nebraska)
[Send email to request phone number] 99.1333
EXPERIENCE IN CORPORATE FINANCING & EXTERNAL RELATIONSHIP DEVELOPMENT
11/30/09
Rank Group (Private Equity) 2008-Present
* Developed bank presentations, offering circular materials and associated US
GAAP-based MD&A with Credit Suisse (and other Reynolds Packaging Group senior
management) to complete a highly-successful and accelerated business
re-combination and re-financing in Q4 2009.
* The recent re-financing included long-term traditional bank debt and public
debt (high-yield bond) components that have been offered primarily in Europe and
the US.
* Debt offering was so well-received that it will generate $300 million more in
cash for Rank than the $3 billion originally anticipated.
* Assembled & developed a high-performance finance team and partnered with PwC
(external auditors) to substantially improve audit efficiency.
* Standardized financial controls/disclosures to support the more stringent
external reporting required by public debt and formalized the monitoring of debt
covenant compliance.
Alcoa (Public) 2006-2007
* Developed offering memorandum and management "road show" presentation with
Lehman Brothers to facilitate the successful divestiture of the Packaging &
Consumer segment from Alcoa to the Rank Group, generating $2.7 billion of cash
for Alcoa.
* Coordinated all due diligence response and transaction negotiation support
for the Alcoa Consumer Products business throughout the "auction" and ultimate
Rank transaction.
* Coordinated business unit "carve-out" financials and audits with PwC.
* Administered the Alcoa Consumer Product corporate governance and SOX
compliance program.
* Coordinated quarterly/yearly management representations and US GAAP audit
with PwC.
Aurora Foods (Public & Private Equity) 2000-2004
* Developed |
