Richard Adelman is a senior finance executive with extensive experience leading finance teams in manufacturing, technology, and service companies. He has a track record of driving bottom line results through cost savings initiatives, M&A integrations, and implementing SOX compliant controls. Currently, he provides business and financial consulting to middle market companies and has held director of finance roles at Actuant, Knowles Electronics, and Woodward Controls.

1. RICHARD W. ADELMAN, CPA
394 CHESTERFIELD LANE RICHARDWADELMAN@COMCAST.NET
VERNON HILLS, IL 60061 CELLULAR: (815) 901-6866
SENIOR FINANCE EXECUTIVE
Accomplished finance leader with extensive experience in mid-size to Fortune 100 global manufacturing,
technology and service firms, providing leadership and guidance to drive bottom line results. Able to effectively
collaborate with leadership team to build comprehensive, winning strategies. Successful M&A integration
activities at Woodward, Knowles and Actuant. Implement SOX compliant controls across multi-site operations.
Recruit and develop high-potential talent. Hands-on problem solver and business partner.
PROFESSIONAL EXPERIENCE
BUSINESS CONSULTANT January 2010 to Present
Provide business and financial consulting to middle market companies, in the manufacturing and service arena.
Interim Director of Finance / Special Projects Controller. Directed daily financial processing and month-end
reporting for a $25 million segment of local waste disposal and spill-response company. Project work included
assignments in Chicago and Houston.
• Assist management team in executing growth strategy in the southern region, with 40% growth projection
for 2011. Drive profit improvement through implementation of cost tracking and expenditure audits.
• Provided financial oversight for $3.2 million environmental services project (Romeoville, IL), ensuring
that services were accurately billed at contract rates. Collected 99.5% against original invoice amount.
• Developed reporting to support a major contract award from the City of Houston, including minority spend
commitments, allowing management team to monitor performance against quantifiable goals.
• Upgraded key positions in accounting team, supporting rotation of high potential candidates from other
locations. Mentored development of young professionals to improve delivery of business reports.
ACTUANT CORPORATION, Menomonee Falls, Wisconsin 2007 to 2009
$250 million division of diversified supplier of industrial tools, actuation systems and engineered solutions.
Director of Finance, Electrical Tools. North American Tools & Supplies segment with multiple locations in
mid-west, Mexico & low cost supply base in China. Directed the financial teams in four diverse business units:
Retail Electrical (GB), Power Distribution (Acme), Harsh Environment Electrical (Marinco) and e-commerce.
• Co-developed and implemented $10 million restructuring plan to consolidate distribution, assembly
and back office activities of four separate businesses, reducing operating budgets by 15%.
• Delivered $4 million cost savings from sourcing initiatives for small tools and electrical components,
leveraging key supplier-partners in Asia.
• Sponsored $3.8 million Oracle ERP implementation plan across two business units, phase one in a
multi-stage integration project that allowed consolidation efforts to proceed. Payback in 4 years.
• Successfully transitioned high-labor content products to manufacturing affiliate in Juarez, Mexico.

2. RICHARD W. ADELMAN PAGE 2
KNOWLES ELECTRONICS, Itasca, Illinois 2004 to 2007
$300 million division of Dover. Global provider of acoustic components and solutions for a variety of end markets.
Finance Director, Global Operations / Supply Chain. Responsible for financial controls, planning, reporting
and variance analysis to support a global manufacturing and supply chain operations. Provided financial support
to new product development team for silicon mic production and rapid expansion to meet market demand.
• Coordinated the development of global manufacturing budgets, for five sites with total controllable
spend of $50-$60 million and capital budget of $20-$30 million (per year).
• Developed strategic capital proposal to support manufacturing expansion and rapid penetration of
high growth, cell phone market. Expanded capacity 85% to deliver 150 million units in 2006.
• Supported divestiture strategy of venture capital owner, completing $750 million sale of Knowles
Electronics to Dover Corporation in 2005. Supported systems integration effort (2005-2006).
WOODWARD CONTROLS, Niles, Illinois 2001 to 2004
$60 million division of Woodward, Inc. Design & manufacture actuators and engine controls for OEM applications.
Division Controller and Member of Management Team. Responsible for financial controls, management
reporting and balanced scorecard for stand-alone business unit of Woodward. Performed monthly closing,
reporting package and variance analysis. Produced monthly forecast, budgets and annual business plans.
• Supported divestiture strategy – successful sale of profitable division to Woodward in 2003.
• Successfully integrated three related business acquisitions onto a single operating system in 2004.
DOMINO AMJET, Gurnee, Illinois 1999 to 2001
$65 million division of Domino Printing Sciences plc. Design & manufacture coding equipment for industrial applications.
Division Controller. Responsible for management reporting and internal controls for US operating unit.
MOTOROLA, Schaumburg, Illinois 1981 to 1999
$30 billion, Fortune 100 provider of end-to-end wireless communications devices, infrastructure and related solutions.
Operations Controller, Cellular Business Segment 1994-1999
Operations Controller, Paging Business Segment 1988-1994
Other Motorola Positions, 2-way Radio Business 1981-1988
ARTHUR ANDERSEN LLP, Chicago, Illinois 1977 to 1980
Consumer Products Division.
EDUCATION & PROFESSIONAL DEVELOPMENT
Green Belt Trained, Chicago Deming Association
Masters of Business Administration, Finance, DePaul University
Bachelor of Science, Accounting, Northern Illinois University
Certified Public Accountant (Registered in Illinois)
System Proficiencies: Oracle, Hyperion, Great Plains, MS Office