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William J. Schmidt MBA
129 Carlton Lane
Mobile: 978 273-2719 North Andover, MA 01845 wilschmidt1@gmail.com
Entrepreneurial CFO and Team Leader for technology based international multi-plant
manufacturing, engineering and software firms planning and executing the strategy and tactics for
their next stage of growth
Global Financial Leader & Strategist
Strategic partner and results driven global operating executive; partnered with CEO’s and lead the turn-around and
growth of multiple public and leveraged private equity based businesses. A high performing, high energy influential
leader and mentor to leadership team and group executives with a commanding boardroom presence, a proven track
record of improved profitability, growth and value creation through re-engineering of business practices and
transformational change management. Background includes rapid growth high tech manufacturing, engineering and
software in early stage to international multi-plant environments.
Selected Career Accomplishments
 Partnered with CEO to turn around private equity based $600 million industrial automation businesses of
four major portfolio companies resulting in the ability to attract significant financing for planned $500 million
strategic acquisition.
 Grew telecomm / internet services company from $2 million to $70 million, selecting outsourced contract
manufacturing and logistics partner leading to planned spin-off & IPO.
 Led the organizational transition of $100 million technology company from silo oriented dysfunctional staff
to dynamic management team with aligned goals, taking the company to over $300 million in revenue.
 Implemented multiple ERP system conversions, integrating full spectrum business solutions for mid-size and
emerging growth companies. Benefits included 35% reduction in customer lead time , corresponding
reductions in inventory through improved production linearity, and improved profitability.
 CFO of billion dollar business unit of Philips Electronics.
 Acquired / sold over a dozen businesses during significant merger and acquisition assignments.
 Multiple securities filings – S,K,Q, etc.
Experience Summary
Gloucester Engineering – Ibis Technologies – High Voltage Engineering - Brooks Automation –
Philips Electronics
SAP - Oracle - JD Edwards – Syteline - Visibility - Peachtree - QuickBooks
Industry: Capital equipment / industrial automation Professional: International multi-plant operations
Semiconductors / nanotechnology Financing / M&A / business integration
Software / communications SEC / Sarbanes 404 / treasury / IR
Consumer & military electronics Legal / IT/ HR / Supply Chain / ERP
E-commerce / Internet Public corporation / private equity
Professional Experience:
Vice President & CFO Gloucester Engineering Co. Inc: Private equity owned 2013 – 07/2015
Turn around and sale of preeminent capital equipment manufacturer for the Plastics Industry. Financial, HR, & IT
leader working with the management team in conjunction with the private equity team to stream line and improve
financial and operational reporting and analysis through the turnaround and growth stage of the company.
 Major strategy shift away from lower margin full systems integration solution.
 Focus on defined “A” customer set, with preferential pricing and services.
 Re-focus on North American market to reduce extended travel by sales and service teams while limiting
detailed engineering through the quoting process.
 Outsourced significant portion of machine shop with focus on supplier quality and strategic partnerships.
 Strengthened portfolio company banking relationship with new banking agreement and covenants.
William J. Schmidt
978 273-2719
Principal – Wm. Schmidt Executive Consulting: CFO Services and Leadership 2010 – Present
Partner, Executive Services & Consulting - Tatum LLC 2009 - 2010
Provide financial and operating leadership and strategies to high tech manufacturers and software business in
partnership with the CEO through business modeling, capital raise, best practice implementation and metrics,
rebuilding of high performance financial teams and performance metric systems.
Vice President, CFO & Treasurer Ibis Technology: IBIS/NASDAQ 2004 - 2009
Reporting to the CEO, re-capitalized the company and re-defined the strategic direction of the business, implemented
the development of stronger and improved investor communications and leveraged the business and capital structure
of this public $20M leading edge technology company as we developed the marketplace and technology. Sale of IP
and assets to strategic international competitor.
 Restructured business to reduce costs of wafer fab and align business model to realistic market strategy
focused on Ion Implanter equipment with 50 percent margins.
 Led outside Legal team in conjunction with board to successfully address inherited class action suit.
 Raised 10 million PIPE to insure liquidity to business during transition to capital equipment base.
 Revamped investor relations program to strengthen communication around business redirection, outlook and
disclosure compliance.
 Selected Investment banking firm, negotiated fee structures and lead the final negotiation and sale of the
business assets to Nissin Ion.
VP Finance and Corporate Controller High Voltage Engineering Corp: PE Owned 2002 – 2004
Reporting to the Operating Team CEO of multi-portfolio private equity holding company; planned divestiture, corporate
restructuring, acquisition and integration focused on value creation projected to triple revenues to a stable billion dollar
international industrial automation business. Operational accomplishments include average 6% improvement to gross
margin and 8% improved working capital performance of $600M private equity based international multi-plant
automation industry turnaround. Successful sale of multiple entities to private equity and strategic acquirers.
Improved financial performance and transparency:
 Improved consolidated gross margins by 6% through material purchasing productivity (lean).
 Improved working capital turns 8% through improved linearity, MRP planning, and weekly cash calls.
 Improved capital efficiency through gated development programs and processes.
 Improved liquidity and cash planning through training and review of operational program management
and contract review.
 Strengthened revenue recognition practices under SOP 81-1 and SAB 104 accounting methods.
 Planned and implemented initial Sarbanes –Oxley 404 compliance requirements.
Corporate restructuring, acquisition, divestiture and organizational planning:
 Alstom APC / HVE - ASI Robicon Group; merger, integration plan and refinancing activity.
 Participated in multiple roadshows and investor presentations associated with required financing.
 Divestiture - Semiconductor and Instrumentation groups
o Physical Electronics surface analytical instruments group sold to Ulvac Corp. – Japan.
o Metrology Tool and equipment services business – Francisco Partners.
o Maxima Technologies automotive and marine instruments sold to HB Group.
 Planned and advised on flat organization structure in preparation for negotiation with bondholders.
William J. Schmidt
978 273-2719
Vice President, Finance PRI Automation (Brooks Automation): BRKS/NASDAQ 2000 – 2002
Reporting to the CFO, turnaround and sale of public $400M leader in semiconductor automation equipment and MES
software. Operational accomplishments include change management program built around strategic efforts to realign
product development and manufacturing through a comprehensive update of business and manufacturing practices.
Financial planning and deal analysis, initial integration planning for acquisition / merger.
 Spearheaded synergies and business combination planning leading to successful negotiation and sale.
 Successfully concluded SEC, HSR and Department of Justice compliance and analysis investigation.
 Provided financial modeling of growth in revenues and margins and business cycle planning with
recognition of multiple intra-business peaks and troughs provided insightful understanding to both
company’s management teams and Boards of Directors.
Improved financial performance and strategic focus:
 Reinitiated strategic planning process focused on critical success factors and profitability through the
multiple business cycles.
 Co chaired the executive planning and re-implementation of successful ERP re-launch.
 Focused market plan, revenue strategies and operational goals to support requirements of
complex revenue streams including POC, SOP 81-1, SOP 97-2 & SAB101.
SBU Chief Financial Officer Perkin Elmer: PKI/NYSE 1997 – 1999
Reporting to the President, Optoelectronics - provided strategic planning, restructuring and implementation of key
business improvement plans, resulting in double digit top line growth, substantial bottom line profitability and $200M
acquisition in $600M international multi-plant engineered products and military equipment business unit.
 Introduced and attained 10 /15 /18 revenue/gross profit/operating profit model.
 Improved forecast accuracy to +/- 5%, and increased accountability for monthly/quarterly plan goals.
 Implemented aggressive working capital plans, goals and best practices for continuous improvement –
decreased working capital requirements over 15% with double digit sales growth.
 Reduced SGA to industry benchmarked best practice levels through consolidation and re-engineering of
sales force and divisional financial structure.
 Led division team with acquisition planning, accounting and integration.
 Optimize cash flow through program of improved product planning, capital allocation and profitability.
 SAP R3 implementation across multi-site manufacturing business unit.
Vice President & CFO Philips Electronics Corporation: PHG/NYSE 1977 - 1997
Reporting to the CEO, Home Services Company lead the financial, legal, IT and administrative management of the
business and of this fast growth communications start up with planned spin-off and IPO.
Group Controller Philips Components Ceramic Division Jupiter, FL
Division Controller Philips Components Division Headquarters Riviera Beach, FL
Manager of Fin’l Systems and Audit Philips Components Division Headquarters Riviera Beach, FL
Director of Corporate Accounting Philips Components Division Headquarters Morristown, NJ
Plant Controller Philips Components Division Headquarters Morristown, NJ
Education:
MBA, Accounting: Fairleigh Dickinson University
BS, Finance; BA, P Science: West Virginia University
Executive Education Program: Harvard Business School

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William Schmidt - Strategic Leader - Resume

  • 1. William J. Schmidt MBA 129 Carlton Lane Mobile: 978 273-2719 North Andover, MA 01845 wilschmidt1@gmail.com Entrepreneurial CFO and Team Leader for technology based international multi-plant manufacturing, engineering and software firms planning and executing the strategy and tactics for their next stage of growth Global Financial Leader & Strategist Strategic partner and results driven global operating executive; partnered with CEO’s and lead the turn-around and growth of multiple public and leveraged private equity based businesses. A high performing, high energy influential leader and mentor to leadership team and group executives with a commanding boardroom presence, a proven track record of improved profitability, growth and value creation through re-engineering of business practices and transformational change management. Background includes rapid growth high tech manufacturing, engineering and software in early stage to international multi-plant environments. Selected Career Accomplishments  Partnered with CEO to turn around private equity based $600 million industrial automation businesses of four major portfolio companies resulting in the ability to attract significant financing for planned $500 million strategic acquisition.  Grew telecomm / internet services company from $2 million to $70 million, selecting outsourced contract manufacturing and logistics partner leading to planned spin-off & IPO.  Led the organizational transition of $100 million technology company from silo oriented dysfunctional staff to dynamic management team with aligned goals, taking the company to over $300 million in revenue.  Implemented multiple ERP system conversions, integrating full spectrum business solutions for mid-size and emerging growth companies. Benefits included 35% reduction in customer lead time , corresponding reductions in inventory through improved production linearity, and improved profitability.  CFO of billion dollar business unit of Philips Electronics.  Acquired / sold over a dozen businesses during significant merger and acquisition assignments.  Multiple securities filings – S,K,Q, etc. Experience Summary Gloucester Engineering – Ibis Technologies – High Voltage Engineering - Brooks Automation – Philips Electronics SAP - Oracle - JD Edwards – Syteline - Visibility - Peachtree - QuickBooks Industry: Capital equipment / industrial automation Professional: International multi-plant operations Semiconductors / nanotechnology Financing / M&A / business integration Software / communications SEC / Sarbanes 404 / treasury / IR Consumer & military electronics Legal / IT/ HR / Supply Chain / ERP E-commerce / Internet Public corporation / private equity Professional Experience: Vice President & CFO Gloucester Engineering Co. Inc: Private equity owned 2013 – 07/2015 Turn around and sale of preeminent capital equipment manufacturer for the Plastics Industry. Financial, HR, & IT leader working with the management team in conjunction with the private equity team to stream line and improve financial and operational reporting and analysis through the turnaround and growth stage of the company.  Major strategy shift away from lower margin full systems integration solution.  Focus on defined “A” customer set, with preferential pricing and services.  Re-focus on North American market to reduce extended travel by sales and service teams while limiting detailed engineering through the quoting process.  Outsourced significant portion of machine shop with focus on supplier quality and strategic partnerships.  Strengthened portfolio company banking relationship with new banking agreement and covenants.
  • 2. William J. Schmidt 978 273-2719 Principal – Wm. Schmidt Executive Consulting: CFO Services and Leadership 2010 – Present Partner, Executive Services & Consulting - Tatum LLC 2009 - 2010 Provide financial and operating leadership and strategies to high tech manufacturers and software business in partnership with the CEO through business modeling, capital raise, best practice implementation and metrics, rebuilding of high performance financial teams and performance metric systems. Vice President, CFO & Treasurer Ibis Technology: IBIS/NASDAQ 2004 - 2009 Reporting to the CEO, re-capitalized the company and re-defined the strategic direction of the business, implemented the development of stronger and improved investor communications and leveraged the business and capital structure of this public $20M leading edge technology company as we developed the marketplace and technology. Sale of IP and assets to strategic international competitor.  Restructured business to reduce costs of wafer fab and align business model to realistic market strategy focused on Ion Implanter equipment with 50 percent margins.  Led outside Legal team in conjunction with board to successfully address inherited class action suit.  Raised 10 million PIPE to insure liquidity to business during transition to capital equipment base.  Revamped investor relations program to strengthen communication around business redirection, outlook and disclosure compliance.  Selected Investment banking firm, negotiated fee structures and lead the final negotiation and sale of the business assets to Nissin Ion. VP Finance and Corporate Controller High Voltage Engineering Corp: PE Owned 2002 – 2004 Reporting to the Operating Team CEO of multi-portfolio private equity holding company; planned divestiture, corporate restructuring, acquisition and integration focused on value creation projected to triple revenues to a stable billion dollar international industrial automation business. Operational accomplishments include average 6% improvement to gross margin and 8% improved working capital performance of $600M private equity based international multi-plant automation industry turnaround. Successful sale of multiple entities to private equity and strategic acquirers. Improved financial performance and transparency:  Improved consolidated gross margins by 6% through material purchasing productivity (lean).  Improved working capital turns 8% through improved linearity, MRP planning, and weekly cash calls.  Improved capital efficiency through gated development programs and processes.  Improved liquidity and cash planning through training and review of operational program management and contract review.  Strengthened revenue recognition practices under SOP 81-1 and SAB 104 accounting methods.  Planned and implemented initial Sarbanes –Oxley 404 compliance requirements. Corporate restructuring, acquisition, divestiture and organizational planning:  Alstom APC / HVE - ASI Robicon Group; merger, integration plan and refinancing activity.  Participated in multiple roadshows and investor presentations associated with required financing.  Divestiture - Semiconductor and Instrumentation groups o Physical Electronics surface analytical instruments group sold to Ulvac Corp. – Japan. o Metrology Tool and equipment services business – Francisco Partners. o Maxima Technologies automotive and marine instruments sold to HB Group.  Planned and advised on flat organization structure in preparation for negotiation with bondholders.
  • 3. William J. Schmidt 978 273-2719 Vice President, Finance PRI Automation (Brooks Automation): BRKS/NASDAQ 2000 – 2002 Reporting to the CFO, turnaround and sale of public $400M leader in semiconductor automation equipment and MES software. Operational accomplishments include change management program built around strategic efforts to realign product development and manufacturing through a comprehensive update of business and manufacturing practices. Financial planning and deal analysis, initial integration planning for acquisition / merger.  Spearheaded synergies and business combination planning leading to successful negotiation and sale.  Successfully concluded SEC, HSR and Department of Justice compliance and analysis investigation.  Provided financial modeling of growth in revenues and margins and business cycle planning with recognition of multiple intra-business peaks and troughs provided insightful understanding to both company’s management teams and Boards of Directors. Improved financial performance and strategic focus:  Reinitiated strategic planning process focused on critical success factors and profitability through the multiple business cycles.  Co chaired the executive planning and re-implementation of successful ERP re-launch.  Focused market plan, revenue strategies and operational goals to support requirements of complex revenue streams including POC, SOP 81-1, SOP 97-2 & SAB101. SBU Chief Financial Officer Perkin Elmer: PKI/NYSE 1997 – 1999 Reporting to the President, Optoelectronics - provided strategic planning, restructuring and implementation of key business improvement plans, resulting in double digit top line growth, substantial bottom line profitability and $200M acquisition in $600M international multi-plant engineered products and military equipment business unit.  Introduced and attained 10 /15 /18 revenue/gross profit/operating profit model.  Improved forecast accuracy to +/- 5%, and increased accountability for monthly/quarterly plan goals.  Implemented aggressive working capital plans, goals and best practices for continuous improvement – decreased working capital requirements over 15% with double digit sales growth.  Reduced SGA to industry benchmarked best practice levels through consolidation and re-engineering of sales force and divisional financial structure.  Led division team with acquisition planning, accounting and integration.  Optimize cash flow through program of improved product planning, capital allocation and profitability.  SAP R3 implementation across multi-site manufacturing business unit. Vice President & CFO Philips Electronics Corporation: PHG/NYSE 1977 - 1997 Reporting to the CEO, Home Services Company lead the financial, legal, IT and administrative management of the business and of this fast growth communications start up with planned spin-off and IPO. Group Controller Philips Components Ceramic Division Jupiter, FL Division Controller Philips Components Division Headquarters Riviera Beach, FL Manager of Fin’l Systems and Audit Philips Components Division Headquarters Riviera Beach, FL Director of Corporate Accounting Philips Components Division Headquarters Morristown, NJ Plant Controller Philips Components Division Headquarters Morristown, NJ Education: MBA, Accounting: Fairleigh Dickinson University BS, Finance; BA, P Science: West Virginia University Executive Education Program: Harvard Business School