To be an active and progressive member of a Senior Management Team for a Mid- to Large size firm focused in the A/E/C markets.
Ronald B. Wuennemann
Summary
Chief Financial Officer with proven success in large and mid-size companies in construction, high-tech, transportation, manufacturing and service industries. MBA and CMA with significant domestic and international experience in controllership, financing, risk management, information technology, and business reengineering.
Experience
Chief Financial Officer
KBE Building Corporation Farmington, CT 2001 to 09/2009
$300M+ General Contractor and Construction Manager of commercial and public construction projects in the Northeast and Mid-Atlantic regions. Report to the President and Senior VP of Operations and serve as a member of the Senior Management Team. Responsibilities include directing the activities of all 24 Finance and IT professionals of one of the largest General Contractors in the Northeast; managing the annual budgeting, forecasting, cash management, risk management and financial analysis for the organization, as well as overseeing the company’s IT strategy and operations. Represent the company to key external stakeholders in the areas of surety, banking, and risk management. Current board member and former chairman of the state’s largest construction trade association.
• Restructured the project accounting function in the corporate and satellite offices increasing productivity by over 20%.
• Revised the company’s risk management program and renegotiated all insurance policies with combined annual premiums in excess of $1M. Efforts reduced overall cost of risk management program by over $500,000. Recently migrated primary policies to a captive insurance program.
• Developed and implemented the company’s investment policy for all excess cash totaling $20M.
• Assumed direct management responsibility for the IT department from an affiliated company, directing the development of the company’s overall strategic IT plan. Led development of subcontractor web portal project that was recognized nationally as a top technology solution by the Association of General Contractors in 2009.
• One of three senior managers that developed a business plan for a start up affiliated company to rent construction equipment. Obtained $2.5M in financing established a management control system and sourced and implemented its mission critical business application.
• Coordinate overall tax strategies with external auditors and tax advisors to maximize after-tax returns.
• Developed and delivered positions via direct public testimony and lobbying efforts on key pieces of legislation directly impacting the construction industry at state and federal levels.
• Active Board Member of the Connecticut’s largest Construction Trade Association; the Association of Builders and Contractors (ABC). Past Chairman 2005-07.
Vice President – Finance
Canada Steamship Lines (CSL) International Inc., Beverly, MA 2000-2001
$100M subsidiary of one of Canada’s most prominent companies that leads the world in the ownership and management of ocean-based self-unloading vessels for bulk commodities. Reported to the President of CSL International and the CFO of its parent company in Montreal. Directed the activities of all Finance professionals. Responsibilities included the annual budgeting, forecasting, financial analysis, mission critical applications and cash management functions. Served as the financial liaison to the parent company, as well as to several banking and joint venture partners.
• Revised the company’s budget models to include recent acquisitions and joint venture modifications.
• Led the development of a web based solution for Customer Relationship Management (CRM), including a quoting tool for its sales force and automated reporting capabilities from its ocean bound vessels and remote offices.
• Developed the refinancing package for its major subsidiary and participated in the marketing efforts to restructure over $65M in debt negotiating terms with several major European banks.
Ronald B. Wuennemann Page Two
Chief Financial Officer
P.A. Landers, Inc., Hanover, MA 1994-2000
$50M highway contractor and major producer and supplier of materials to the Massachusetts heavy construction industry. Established a staff of 15 Finance and Administrative professionals in the development of a management control system enabling this company to become a leader in its market growing 150% in four years to over $50M in annual revenues.
• Led the company’s reengineering program establishing four operating divisions, formally defined all major business processes, and implemented a formal management control system.
• Recapitalized the company’s balance sheet in ’95 and ’98, soliciting and negotiating terms with major banks and creditors in the Boston market restructuring over $20M in debt. Efforts provided critical working capital to fund the company’s growth and increase bonding capacity more than tenfold to over $70M.
• Represented the company to key external stakeholders. As a trade association member, presented to various state legislative on various issues regarding legislation impacting the industry.
• Developed the company’s IT program. Sourced, evaluated and led implementation of software applications for use by all major functions.
• Revised the company’s risk management programs and renegotiated all insurance policies with combined annual premiums in excess of $1M. Efforts reduced overall losses and reduced premiums by over $500,000 over five years.
• Established an integrated pension and 401K plan enabling the company to avoid “top heavy†and “discrimination test†violations that existed in the original 401K plan.
• Successfully led the company’s efforts in conjunction with its legal team in its eminent domain case settling for over $12M in arbitration with the Commonwealth of Massachusetts.
Services Business Manager
Financial Planning Manager, General International Area
Financial Services Controls Analyst, Worldwide Services Headquarters
Digital Equipment Corporation, Stow and Acton, MA 1985 – 1994
In role as Services Business Manager, responsibilities included redesigning the company’s $1B hardware service product portfolio, including product content, pricing strategy, marketing and service delivery as a key member of a worldwide team. As Financial Planning Manager, responsibilities included the overall financial planning and reporting of this $750M Services Business Unit, which included the foreign subsidiary groups in Canada, Japan, Asia, Australia and Latin America.
• Managed the development of the General International Area’s budget direction package, including all financial and operational aspects of its annual business plan.
• Coordinated submission, analysis and presentation of all country group plans and overall Business Unit plans to the corporate office.
• Formally recognized on two separate occasions (’87 and ’89) in the company’s Service Financial Excellence Awards Programs.
Field Auditor / Staff Accountant, Standex International Corporation, Salem NH 1982-1985
Internal Auditor, Nixdorf Computer Corporation, Burlington, MA 1981-1982
Bentley College, Waltham, MA (1988), M.B.A., with concentration in International Management
C.M.A., Certificate in Management Accounting (1985)
Bentley College (1979), B.S., Accounting
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