Laurence P. Blaine

Professional Profile

 

5084 Bayside Avenue P.O. Box 864 Clear Lake, IA 50428

lblaine@awadd.com www.larryblaine.info

Cell: 641-512-0109 Office: 641-357-4438 Home: 641-357-8652 Fax: 641-357-7390

 

 

 

Areas of Professional Expertise
Strategic Planning M & A Due Diligence Asset-based Financing Strategic Partnering Budgeting/Forecasting Lean Implementation Leader Attracting, Educating, Motivating Team Risk Management Project Management Customer Equipment Financing Programs	Working Capital Management Enterprise Software Selection ERP Implementations Cost Reduction Team Leader Financial Reporting/Modeling Product Costing/Pricing Multi-Site, Multi-Currency HR/Contracts Management Published author in “user owns the system” revolution of the 1980’s

 

 

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Iowa Mold Tooling Co., Inc. – Garner, IA

($90+ million manufacturer/distributor of highly configurable and engineered products for material handling and heavy equipment servicing industries)

 

Vice President-Finance, Secretary & Treasurer January, 1996 thru August, 2005

Recruited to clean up and turn around a foundering finance group with questionable practices and level of professionalism. Member of top management team with significant contact with BOD, helping to direct strategic planning process. Extensive daily contact with all facets of the organization, providing guidance, advice, process improvements and problem-solving talents. Directly managed corporate controller, credit manager, and IT director.

 

Key Accomplishments:

• Resolved all outstanding issues with quality of financial data coming from the group
• Attracted/educated/promoted quality individuals to provide necessary support for the organization
• Team Leader in ERP software selection process / Project Leader in ERP implementation
• Team Leader in cost reductions exceeding 2.5% of cost of sales
• Managed due diligence during two changes of control (merger in 1997 and private placement in 2000)
• Performed due diligence in acquisition projects for the firm
• Managed working capital in highly leveraged, venture-capital environment
• Led Lean implementation from integrated software perspective, inventing marketable software add-ons to improve throughput
• Began implementation of SOX/404 controls in anticipation of upcoming control event

 

 

Calavar Corporation – Santa Fe Springs, CA & Waco, TX

($30+ million manufacturer of configurable aerial work platforms from 16 to 210 feet in reach)

 

Controller June, 1991 thru December, 1995

Hired to help prepare the company to move from a high-cost structure in southern California to Texas. Leader in team charged to select and implement integrated ERP solution. Team leader in the complete restructuring of risk management services. Member of top management team with extensive daily contact with all functional areas of the organization. Reported to the President and directed IT manager and 5 accounting/finance staff.

Key Accomplishments:

• Replaced all necessary positions after relocation to provide financial support to the organization
• Focused firm on most profitable segments, allowing sales growth of more than 100% and moving from a large annual loss to significant profitability
• Dramatically reduced risk management costs while improving quality of coverage
• Project managed ERP implementation
• Implemented customer equipment financing program

 

 

Pacific Clay Products, Inc. – Corona and Alberhill, CA

($30+ million manufacturer of clay sewer pipe and high-end brick construction/decorative products)

 

Controller February, 1990 thru May, 1991

Contracted to migrate two physical facilities from custom-developed software packages to standardized ERP suites. Member of top management team with daily contact with all functional areas of the organization. Reported to the Presidents of the two facilities with dotted line to corporate CFO and directed IT manager and 4 accounting/finance staff.

Key Accomplishments:

• Researched, specified, planned, selected, purchased, installed and implemented the first integrated management information system in the 100+-year history of the company
• Updated the risk management package for the company, improving coverage while reducing costs
• Team member in implementation of energy co-generation project with Southern California Edison Company, improving cash flow and providing all electricity for both facilities

 

 

Philips Ultrasound, Inc. – Santa Ana, CA

($40+ million manufacturer/distributor of medical ultrasound scanning devices/services)

 

Director of Finance & Administration July, 1986 thru December, 1989

Selected from over 400 applicants to streamline the accounting/finance/IT structure of the company, help change to a profit-driven culture and decentralize the sales/service staff of PUI from the Philips Medical Systems organization (which included x-ray, CT, MRI). Reported to the President and directed IT manager (with 3 staff) and 6 accounting/finance staff.

Key Accomplishments:

• Moved swiftly to streamline staff, going from 17 staff reports to 10
• Migrated company from highly-customized version of an integrated system to a standardized one
• Began the culture change to a profit-motive, moving from a significant deficit to substantial profitability
• Automated (to extent practicable) the quarterly and annual SEC filing requirements

 

Prior professional experience:

Principal/Software Developer, Advanced Management Resources, Inc., Boulder, CO	7/85-6/86
Manufacturing Controller, Mobile Tool International, Inc., Westminster, CO	9/77-6/85
Corporate Controller, Valley Walnut Growers Co-op, Winters, CA	11/76-8/77
Cost Accountant, General Cable Corp-Power/Control Div., Colusa, CA	2/74-10/76

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·        Master of Business Administration, March, 1984 University of Denver Denver, CO

·        Bachelor of Science-Accounting, December, 1973 Pepperdine University Los Angeles, CA

·        Lean Training for Success, February, 2004 – April, 2004

·        Building Management Teamwork, March, 1997 – August, 1997