Rss

Richard H

Chief Financial Officer - 20 Years of Experience - Near 55435

Occupation:

Chief Financial Officer

Location:

Minneapolis, MN

Education Level:

Master

Will Relocate:

YES

CollapseDescription

CAREER HIGHLIGHTS From 1999 - 2004, ongoing engagement with Chicago-based RMS Enterprises Under Mr. Hettler's leadership, ECI Corp was engaged to work with a Chicago-based distributor of Nike shoes whose revenues were essentially stagnated at $100 million annually. Brought in as corporate trouble shooter, the owner asked Hettler to come on as interim CFO and turnaround expert to run the numbers to increase manufacturing to a level that would translate to a steady state $200 million in revenue- this was done by locating manufacturing facilities in the Pacific Rim. Hettler, by and through the respective practice offices of PWC-Taipei, and PWC-Singapore, and by locating two (2) manufacturing plants who could produce the Nike label at acceptable quality standards and produce said athletic shoes at substantially lower costs than ever before. Hettler arranged a $50 million line of credit with a New York private equity firm and said line was sufficient to acquire majority control over each of two (2) manufacturing facilities, one in Taipei and one in Singapore. Once production was underway, the company's revenue eventually doubled to $200 million within a 3 year timeframe and of the incremental $100 million in revenue, $40 million of it went to the bottom line. By achieving greater production at lower costs of labor, we were able not only to double the revenue but ironically double RMS's bottom line from $40 to $80 million. Such expansion activity led to a required change in company reporting power which Hettler orchestrated by adding SAP core enterprise management modules to the company's IT mix. In August of 2007, an engagement with Avon Cosmetics, London operations Avon Cosmetics announced in early June, 2007 that they would be taking steps to improve efficiency within their extensive manufacturing and distribution supply chain operations at their London facilities. Our deliverables were various systems which replaced heretofore obsoleted systems and procedures capable of accepting the world-wide challenges of this ever growing cosmetic giant. Mr. Hettler's recommendations to Avon led to an increase in its Return on Assets of 16% through increase in sales, reduction in manufacturing and distribution costs, all of which yielded to increases in net income and reduction in the company's invested capital. A collateral engagement focused on a substantial upgrade to the company's Property Management System which had become obsolete. OTHER- SIGNIFICANT OFFSHORE ASSIGNMENTS Selected by Governor Richard Lamm [Colorado] and PWC to participate in his first mission to Taiwan- Republic of China. In this first 1986 mission to the Pacific Rim, Hettler and his firm were selected to accompany PWC to Taiwan, with stopovers in Tokyo and Hong Kong to work with private sector clients who sought to achieve US citizenship and to install themselves into US domiciled business opportunities which Hettler and PWC were engaged to locate in their behalf. Approached by Governor Victor Atiyeh [Oregon] and PWC's Taipei office to return to Taiwan - Republic of China. This second 1995 mission to Taiwan was orchestrated by Hettler's colleague Oregon Governor Victor Atiyeh 1979 - 1987 this time to work in behalf of the public sector, with the assistance of Governor Atiyeh's long-term friend and fraternity brother, Lee Teng Hui, then the sitting President of Taiwan. In this second visit to Taiwan, upon a directive from President Lee, Mr. Hettler and Governor Atiyeh met with Treasury Secretary Mutsai Chen [in President Lee's cabinet] to discuss the country's large investment in US T-Bills [at that time in excess of $20 billion USD] and to discuss with Chen in behalf of the government of Taiwan how such large multi-billion portfolios might be re-structured to offset some of Chen's concerns in re portfolio returns and liquidity- Hettler worked closely with Chen and staff to structure alternative portfolios which ostensibly accomplished the country's portfolio objectives. The 1986 mission to the Pacific Rim [as set forth above] was the precursor of a number of merger/acquisition opportunities which were precipitated by exposure to foreign cultures and manufacturing firms where low cost labor could be exploited as follows: CAREER HIGHLIGHTS From 1999 - 2004, ongoing engagement with Chicago-based RMS Enterprises Under Mr. Hettler's leadership, ECI Corp was engaged to work with a Chicago-based distributor of Nike shoes whose revenues were essentially stagnated at $100 million annually. Brought in as corporate trouble shooter, the owner asked Hettler to come on as interim CFO and turnaround expert to run the numbers to increase manufacturing to a level that would translate to a steady state $200 million in revenue- this was done by locating manufacturing facilities in the Pacific Rim. Hettler, by and through the respective practice offices of PWC-Taipei, and PWC-Singapore, and by locating two (2) manufacturing plants who could produce the Nike label at acceptable quality standards and produce said athletic shoes at substantially lower costs than ever before. Hettler arranged a $50 million line of credit with a New York private equity firm and said line was sufficient to acquire majority control over each of two (2) manufacturing facilities, one in Taipei and one in Singapore. Once production was underway, the company's revenue eventually doubled to $200 million within a 3 year timeframe and of the incremental $100 million in revenue, $40 million of it went to the bottom line. By achieving greater production at lower costs of labor, we were able not only to double the revenue but ironically double RMS's bottom line from $40 to $80 million. Such expansion activity led to a required change in company reporting power which Hettler orchestrated by adding SAP core enterprise management modules to the company's IT mix. In August of 2007, an engagement with Avon Cosmetics, London operations Avon Cosmetics announced in early June, 2007 that they would be taking steps to improve efficiency within their extensive manufacturing and distribution supply chain operations at their London facilities. Our deliverables were various systems which replaced heretofore obsoleted systems and procedures capable of accepting the world-wide challenges of this ever growing cosmetic giant. Mr. Hettler's recommendations to Avon led to an increase in its Return on Assets of 16% through increase in sales, reduction in manufacturing and distribution costs, all of which yielded to increases in net income and reduction in the company's invested capital. A collateral engagement focused on a substantial upgrade to the company's Property Management System which had become obsolete. OTHER- SIGNIFICANT OFFSHORE ASSIGNMENTS Selected by Governor Richard Lamm [Colorado] and PWC to participate in his first mission to Taiwan- Republic of China. In this first 1986 mission to the Pacific Rim, Hettler and his firm were selected to accompany PWC to Taiwan, with stopovers in Tokyo and Hong Kong to work with private sector clients who sought to achieve US citizenship and to install themselves into US domiciled business opportunities which Hettler and PWC were engaged to locate in their behalf. Approached by Governor Victor Atiyeh [Oregon] and PWC's Taipei office to return to Taiwan - Republic of China. This second 1995 mission to Taiwan was orchestrated by Hettler's colleague Oregon Governor Victor Atiyeh 1979 - 1987 this time to work in behalf of the public sector, with the assistance of Governor Atiyeh's long-term friend and fraternity brother, Lee Teng Hui, then the sitting President of Taiwan. In this second visit to Taiwan, upon a directive from President Lee, Mr. Hettler and Governor Atiyeh met with Treasury Secretary Mutsai Chen [in President Lee's cabinet] to discuss the country's large investment in US T-Bills [at that time in excess of $20 billion USD] and to discuss with Chen in behalf of the government of Taiwan how such large multi-billion portfolios might be re-structured to offset some of Chen's concerns in re portfolio returns and liquidity- Hettler worked closely with Chen and staff to structure alternative portfolios which ostensibly accomplished the country's portfolio objectives. The 1986 mission to the Pacific Rim [as set forth above] was the precursor of a number of merger/acquisition opportunities which were precipitated by exposure to foreign cultures and manufacturing firms where low cost labor could be exploited as follows:

Right_template4_bottom

CollapseAccomplishments

Highlights:

Left_template4_bottom

CollapseKeywords

Left_template4_bottom