Senior Executive with proven success leading Global Fortune 500 companies across a broad range of manufacturing, chemical and materials industries. Proven ability to manage a global P&L and increase operating earnings, margins and shareholder value. Able to leverage a “hands-on” leadership approach into competitive advantage through identifying earnings levers, educating and engaging employees to deliver value, and then executing, measuring and applying continuous improvement.
EXECUTED STRATEGIES TO DELIVER SUSTAINABLE EARNINGS GROWTH:
► Delivered a 72% increase in operating earnings at Spartech over 2 years by utilizing lean continuous improvement, active management of earnings drivers, mix improvement and shifting to provide solutions to customers.
► Executed a global supply chain transformation at PPG resulting in >$50 million operating earnings improvement on $600 million in sales.
► Positioned Solutia Performance Films as the growth engine of the company by tapping new markets, new geographies and strategic acquisitions.
Areas of expertise include:
Lean Improvement Strategies | Articulating a Compelling Vision to Stakeholders | Maximizing Global Asset & Workforce Resources | Channel and Customer Development | Building Differentiated Product Offerings | Organizational & Culture Re-Alignment | Distribution and Franchise Models | Downstream OEM Business | Building Customer Centric Solutions |
Complex Negotiations
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President & CEO @ Proto Labs is a leading online and technology-enabled quick-turn manufacturer of custom parts for prototyping and short-run production. Proto Labs provides “Real Parts, Really Fast” to product developers worldwide. Proto Labs utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for our customers. From February 2014 to Present (1 year 10 months) Greater Minneapolis-St. Paul AreaDirector @ Director and member of the Compensation Committee and Governance Committe From January 2013 to Present (2 years 11 months) Houston, Texas AreaDirector @ Director, Chairman of the Compensation Committee. From September 2012 to Present (3 years 3 months) Greater St. Louis AreaPresident & CEO @ Built a Spartech leadership team which in two years was gaining momentum on significant margin improvement with businesses repositioned to deliver sustainable solutions to targeted customers. Built core execution processes where none existed previously. Delivered 250 basis point improvement in gross margin in just two years. A “hands on leader” with experience identifying earnings levers, educating and engaging employees on what they need to do to deliver value, and then executing, measuring and continuously improving. Margin improvement delivered with implementation of Lean Continuous Improvement on the plant floor, coupled with a commercial shift to a more profitable mix of customer-product sales.
Negotiated the sale of the company to PolyOne which offered a 55% premium to current share price, 67% stock component which allowed the shareholders to benefit from significant synergies created by the merger and a stock price 104% higher than the share price when the transaction was announced.
- Put in place a leadership team and business processes which resulted in clear momentum for sustainable margin improvement (280 basis point improvement in GM%), 72% increase in operating earnings, improved customer satisfaction (On Time Delivery improvement from 85% to 98% in 2 years), strong cash flow with 26% reduction in net debt while continuing to invest capital to improve operations. These improvements were sustainable with momentum building as the transaction prepares for close.
- Repositioned the core packaging business segment in the eyes of the customers to be a solutions provider with strong packaging design and development expertise.
- Personally led margin improvement turnarounds in the Color and specialty compounds business and Customer Sheet and Rollstock business which resulted in 120 basis point and 416 basis point gross margin improvements respectively. From September 2010 to April 2013 (2 years 8 months) Sr. Vice President, Glass & Fiber Glass @ PPG Industries
2003 - 2010
Sr. Vice President Glass & Fiberglass-
-Member of the PPG Operating Committee and led an external reporting segment at PPG Industries with three businesses.
- Leader of a global business with three business units, sales revenue of $1.7 billion and over 2500 employees and 14 manufacturing sites. Managed a set of complex business relationships, with responsibility for two key strategic joint ventures, one with a Taiwanese company and another with a Chinese company.
- Executed a turnaround of the Fiber Glass business by completing a supply chain transformation and creating sustainable advantage through commercialization of new technologies which met or exceeded real customer/market needs. Execution required restructuring in Europe and North America, while starting up production in China.
- Negotiated a sale of the Automotive Glass business to a private equity firm with PPG Industries retaining 35% ownership.
- Repositioned the architectural glass business to focus on value added glazing solutions in the commercial architectural space while managing costs during the 2008-2010 economic downturn.
. From January 2003 to August 2010 (7 years 8 months) Vice President Performance Films @ Vice President Performance Films
- Transformed the Saflex™ business unit to the Performance Films business, which became the growth engine for Solutia, the chemical spin off from Monsanto Company.
- Integrated the CP Films post applied films business with the Saflex business to create Performance Films.
- Launched growth programs focused on use of laminated glazing in the side, rear and roof of a automobile, not just the windshield, and growth in commercial and residential architectural glazing. From September 1997 to January 2003 (5 years 5 months) Various @ General Manager Acrilan Acrylic Fiber, Sales Manager Plastics, Business Manager Medical Plastics, Business Manager ACL water treatment chemicals, Business Manager Flame Retardants, Various sales positions in food ingredients, pharmaceutical additives, water treatment chemicals, process chemicals, detergent chemicals. From June 1979 to September 1997 (18 years 4 months)
Clay High SchoolBachelor's degree, Chemistry @ Duke University From 1975 to 1979 Master of Business Administration (MBA), Finance, General @ Pace University From 1981 to 1984 Victoria Holt is skilled in: Plastics, Market Development, Product Development, Cross-functional Team Leadership, Manufacturing, R&D, Six Sigma, New Business Development, Strategic Planning, Process Improvement, Materials, Process Engineering, Continuous Improvement, Lean Manufacturing, Business Strategy