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JIM GRANACHER
                                www.mycareerhighlights.com/jimgranacher


10 Dressage Place                                                 (732) 977-7873 or (732) 294-0521
Freehold, NJ 07728-9373                                                jgranacher@optimum.net

                 CHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICER
           CONSUMER PRODUCTS, MEDICAL DEVICES, MANUFACTURING & DISTRIBUTION

Increasingly responsible financial and operating management positions including CFO, COO and
President with manufacturing and CPG companies. Successful in service, manufacturing, private and
public environments. Experience ranges from Fortune 500 to 1000 to start-ups and re-inventing
companies selling to a Fortune 500 CPG for 10 times EBITDA. Accomplishments in organization
restructuring, financial and strategic planning, and operation improvements, through a total team
approach. Extensive experience with high-growth situations. Improved EBITDA through New Accounts,
Back Office Automation, improving MRP systems, and Cost Containment programs - improving financial
operations, reducing costs and personnel required, while improving efficiency.
CORE COMPETENCIES: Budgeting/Forecasting, Strategic Planning, Start-Ups, Divestitures, Acquisition
Turnaround/Restructuring/Integrations, SEC Reporting, Strategic IT Development / Management,
Import/Export, Plant Management, Lean Manufacturing, DSD, Compliance, Business Development,
Financial Reporting, Treasury/Banking, Cost Accounting, Negotiations/Contracts (IT, Healthcare, Leases
& Union Contracts).
TECHNICAL SKILLS: Oracle Financials / ERP, Sage–MAS 200 ERP, Warehouse Management Systems
(WMS), Customer Relationship Management software (CRM), EDI, Database Development, Reporting in
Real-Time Web-Based Environments

                                       PROFESSIONAL EXPERIENCE

Chief Financial Officer                                                           2003 - 2010
Responsible for Finance, Accounting, Purchasing, Distribution & IT with 4 direct & 10 indirect reports.
ECCE PANIS, Inc., East Brunswick, NJ
Manufacturer and national distributor of premium artisan bread products with revenues of $40M.

   Freed up needed cash flow for new operation:
     o Within 12 months launched MAS200 ERP with full suite of inventory, financials, and MRP
        system to replace 3 non-integrated software packages reducing staff and saving $250K.
     o Sales grew from $13M to annualized $40M during the six years prior to the sale.
     o Negotiated leases on facility at 50% of value; eliminating liabilities in 180 days saving $0.750M
     o Closed old facility and opened new facility transferring management team reducing cost $1.5M.

   Increased profits $11M from a loss of $5 million to +$6 million in 6 years:
        o Launched new packaging, acquired new accounts and automated the back office to allow
            full EDI transaction system to meet major retailer requirements. Reduced administrative
            and shipping staffs while increasing sales volume.
        o Focused on aligning cost to business model. Re-invented the brand in a new state-of-the-art
            production facility to manufacture par-baked/frozen product of the highest quality
            improving EBITDA from -60% of sales to +3% in a year.
JGranacher@verizon.net                  732-294-0521 or 732-977-7873                     PAGE TWO


ECCE PANIS, Inc. (continued)

   Completed the sale of the company to Campbell Soup/Pepperidge Farm at 10 times earnings:
    Built the brand from a regional to a national brand in 6 years due to improved quality and value.
    Spent year since sale advising and consulting Campbell's Soup and Pepperidge Farm on the
    acquisition, data migration, financials and integration to SAP.

   Reduced closing time from 20 days to 2.5 while reducing the work force involved by 57%:
    Reduced the month end closing time by automating the back office financial software, improving
    processes, significantly improving cash flow and reducing the manual workload to close.

   Accelerated cash flow to stem the need for VC financing. Managed costs and brought outlays in
    line with revenue in 8 months: Developed a weekly cash flow model with links to payables to
    pinpoint all sources and uses of cash by major categories.

Vice President of Finance/CFO                                                  2000 – 2003
Responsible for Accounting, Information Systems, Purchasing & HR with 4 direct & 18 indirect reports.
TOPPERS, LLC, Thorofare, NJ
National brand importer and distributor of promotional products with revenues of $70M.

   Set in place metrics and a scorecard that enabled a 17% reduction in inventory (from $6M to
    $5M): Utilized sales transaction data to model historical movement of product. Analyzed overseas
    trade locations and timing from source to NJ and developed lead time model for projecting
    requirements.

   To avoid off-line systems problems, completely mirrored the system allowing the customer
    service call group to be on line 16 hours per day improving customer service response and
    productivity: Led the planning, design and installation of a completely redundant system to mirror
    the current system and to maintain both in parallel at two sites.

   Reduced closing from 14 days to 5: Reduced the month-end closing time by automating the back
    office financial software, improving processes to save time, significantly improving cash flow and
    reducing the manual workload to close thus reducing the finance and product fulfillment staff.

   Negotiated software and hardware pricing and contracts that were 35% less than the market price
    with a near tier 1 vendor: Replaced out-of-date ERP system for $1.5M.

Vice President Administration/CFO                                                        1997 – 2000
Responsible for finance, accounting, & information technology with 4 direct and 15 indirect reports.
THE DENTALEZ GROUP, LLC, Malvern, PA
Corporate office for a national brand manufacturer of dental instruments, equipment and supplies with
revenues of $70M with three manufacturing locations in PA, NY and AL.

   Moved company from a legacy IBM mainframe system to a state-of-the-art Oracle ERP system:
    Built network and hardware from the ground up in 6 months at 3 sites, on time and within $3.5M
    budget.
JGranacher@verizon.net                 732-294-0521 or 732-977-7873                   PAGE THREE


   Successfully negotiated a $2.5M software purchase contract and consulting agreements at better
    than market discounts with Oracle: Financed the purchase at no cost over implementation.
    Negotiated a two-year option to buy additional modules and revisions at 50% less than then current
    market pricing.

President & General Manager                                                          1996 – 1997
Responsible for Production, Accounting, Human Resources, Administration, Purchasing & Distribution. 7
direct & 350 indirect reports.
MRS. SMITH’S PIES (owned by FLOWERS FOODS), Pottstown, PA
National brand manufacturer of frozen pies and deserts with revenues of $130M.

   Cut costs $3M per year by enforcing attendance. Reduced daily absenteeism from 15% to less
    than 1% operated with 42% fewer employees (350 vs. 600) therefore reducing payroll and benefit
    costs dramatically: Negotiated a change in work rules to correct 20 years of poorly managed work
    practices, absenteeism and performance.

   Negotiated a labor contract that required the bargaining employees to pay any healthcare
    premium cost increases as well as no wage increases over the term of the contract.

   Previously with FLOWERS FOODS:
        o Vice President & General Manager – Columbus Baking Company, regional manufacturer
           and distributor of branded wholesale bakery products with revenues of $30M
        o Regional Controller for the Florida Region - overseeing 5 brand name bread and roll
           bakeries manufacturing and distributing wholesale bakery products with revenues of $250M
        o General Manager - of two food manufacturing subsidiaries in MI and FL
        o Assistant Treasurer - for parent Fortune 1000 Flowers Foods
        o Corporate Accountant -for parent company a Fortune 1000 regional bakery manufacturer

                                             EDUCATION

MBA (25% completed)
FLORIDA STATE UNIVERSITY

BS, Business Administration
WESTERN KENTUCKY UNIVERSITY

CPA Exam - passed 1992
FENG – Bergen NJ & Monmouth/Ocean NJ Chapters

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Jim Granacher\'s Resume

  • 1. JIM GRANACHER www.mycareerhighlights.com/jimgranacher 10 Dressage Place (732) 977-7873 or (732) 294-0521 Freehold, NJ 07728-9373 jgranacher@optimum.net CHIEF FINANCIAL OFFICER / CHIEF OPERATING OFFICER CONSUMER PRODUCTS, MEDICAL DEVICES, MANUFACTURING & DISTRIBUTION Increasingly responsible financial and operating management positions including CFO, COO and President with manufacturing and CPG companies. Successful in service, manufacturing, private and public environments. Experience ranges from Fortune 500 to 1000 to start-ups and re-inventing companies selling to a Fortune 500 CPG for 10 times EBITDA. Accomplishments in organization restructuring, financial and strategic planning, and operation improvements, through a total team approach. Extensive experience with high-growth situations. Improved EBITDA through New Accounts, Back Office Automation, improving MRP systems, and Cost Containment programs - improving financial operations, reducing costs and personnel required, while improving efficiency. CORE COMPETENCIES: Budgeting/Forecasting, Strategic Planning, Start-Ups, Divestitures, Acquisition Turnaround/Restructuring/Integrations, SEC Reporting, Strategic IT Development / Management, Import/Export, Plant Management, Lean Manufacturing, DSD, Compliance, Business Development, Financial Reporting, Treasury/Banking, Cost Accounting, Negotiations/Contracts (IT, Healthcare, Leases & Union Contracts). TECHNICAL SKILLS: Oracle Financials / ERP, Sage–MAS 200 ERP, Warehouse Management Systems (WMS), Customer Relationship Management software (CRM), EDI, Database Development, Reporting in Real-Time Web-Based Environments PROFESSIONAL EXPERIENCE Chief Financial Officer 2003 - 2010 Responsible for Finance, Accounting, Purchasing, Distribution & IT with 4 direct & 10 indirect reports. ECCE PANIS, Inc., East Brunswick, NJ Manufacturer and national distributor of premium artisan bread products with revenues of $40M.  Freed up needed cash flow for new operation: o Within 12 months launched MAS200 ERP with full suite of inventory, financials, and MRP system to replace 3 non-integrated software packages reducing staff and saving $250K. o Sales grew from $13M to annualized $40M during the six years prior to the sale. o Negotiated leases on facility at 50% of value; eliminating liabilities in 180 days saving $0.750M o Closed old facility and opened new facility transferring management team reducing cost $1.5M.  Increased profits $11M from a loss of $5 million to +$6 million in 6 years: o Launched new packaging, acquired new accounts and automated the back office to allow full EDI transaction system to meet major retailer requirements. Reduced administrative and shipping staffs while increasing sales volume. o Focused on aligning cost to business model. Re-invented the brand in a new state-of-the-art production facility to manufacture par-baked/frozen product of the highest quality improving EBITDA from -60% of sales to +3% in a year.
  • 2. JGranacher@verizon.net 732-294-0521 or 732-977-7873 PAGE TWO ECCE PANIS, Inc. (continued)  Completed the sale of the company to Campbell Soup/Pepperidge Farm at 10 times earnings: Built the brand from a regional to a national brand in 6 years due to improved quality and value. Spent year since sale advising and consulting Campbell's Soup and Pepperidge Farm on the acquisition, data migration, financials and integration to SAP.  Reduced closing time from 20 days to 2.5 while reducing the work force involved by 57%: Reduced the month end closing time by automating the back office financial software, improving processes, significantly improving cash flow and reducing the manual workload to close.  Accelerated cash flow to stem the need for VC financing. Managed costs and brought outlays in line with revenue in 8 months: Developed a weekly cash flow model with links to payables to pinpoint all sources and uses of cash by major categories. Vice President of Finance/CFO 2000 – 2003 Responsible for Accounting, Information Systems, Purchasing & HR with 4 direct & 18 indirect reports. TOPPERS, LLC, Thorofare, NJ National brand importer and distributor of promotional products with revenues of $70M.  Set in place metrics and a scorecard that enabled a 17% reduction in inventory (from $6M to $5M): Utilized sales transaction data to model historical movement of product. Analyzed overseas trade locations and timing from source to NJ and developed lead time model for projecting requirements.  To avoid off-line systems problems, completely mirrored the system allowing the customer service call group to be on line 16 hours per day improving customer service response and productivity: Led the planning, design and installation of a completely redundant system to mirror the current system and to maintain both in parallel at two sites.  Reduced closing from 14 days to 5: Reduced the month-end closing time by automating the back office financial software, improving processes to save time, significantly improving cash flow and reducing the manual workload to close thus reducing the finance and product fulfillment staff.  Negotiated software and hardware pricing and contracts that were 35% less than the market price with a near tier 1 vendor: Replaced out-of-date ERP system for $1.5M. Vice President Administration/CFO 1997 – 2000 Responsible for finance, accounting, & information technology with 4 direct and 15 indirect reports. THE DENTALEZ GROUP, LLC, Malvern, PA Corporate office for a national brand manufacturer of dental instruments, equipment and supplies with revenues of $70M with three manufacturing locations in PA, NY and AL.  Moved company from a legacy IBM mainframe system to a state-of-the-art Oracle ERP system: Built network and hardware from the ground up in 6 months at 3 sites, on time and within $3.5M budget.
  • 3. JGranacher@verizon.net 732-294-0521 or 732-977-7873 PAGE THREE  Successfully negotiated a $2.5M software purchase contract and consulting agreements at better than market discounts with Oracle: Financed the purchase at no cost over implementation. Negotiated a two-year option to buy additional modules and revisions at 50% less than then current market pricing. President & General Manager 1996 – 1997 Responsible for Production, Accounting, Human Resources, Administration, Purchasing & Distribution. 7 direct & 350 indirect reports. MRS. SMITH’S PIES (owned by FLOWERS FOODS), Pottstown, PA National brand manufacturer of frozen pies and deserts with revenues of $130M.  Cut costs $3M per year by enforcing attendance. Reduced daily absenteeism from 15% to less than 1% operated with 42% fewer employees (350 vs. 600) therefore reducing payroll and benefit costs dramatically: Negotiated a change in work rules to correct 20 years of poorly managed work practices, absenteeism and performance.  Negotiated a labor contract that required the bargaining employees to pay any healthcare premium cost increases as well as no wage increases over the term of the contract.  Previously with FLOWERS FOODS: o Vice President & General Manager – Columbus Baking Company, regional manufacturer and distributor of branded wholesale bakery products with revenues of $30M o Regional Controller for the Florida Region - overseeing 5 brand name bread and roll bakeries manufacturing and distributing wholesale bakery products with revenues of $250M o General Manager - of two food manufacturing subsidiaries in MI and FL o Assistant Treasurer - for parent Fortune 1000 Flowers Foods o Corporate Accountant -for parent company a Fortune 1000 regional bakery manufacturer EDUCATION MBA (25% completed) FLORIDA STATE UNIVERSITY BS, Business Administration WESTERN KENTUCKY UNIVERSITY CPA Exam - passed 1992 FENG – Bergen NJ & Monmouth/Ocean NJ Chapters