........ (630) 357-2227 -- (Home)
........ (630) 357-5473 -- (OfficeTel/Fax)

........ E-mail: tschultz@aol.com

Experienced hands on financial and general management executive with a background in manufacturing, retail/catalog, distribution, commercial banking, information systems and public accounting. Chief Financial Officer with treasury, information systems, strategic and market planning and ERP manufacturing systems and operational experience. CPA, CPIM and MBA from the University of Chicago.

Global ERP consulting firm specializing in AS400 and MAPICS production, inventory and financial control applications to the manufacturing and distribution industry.

Responsible for client service and business development, project management, implementation services, manufacturing process improvement and cost management consulting and training for MAPICS ERP discrete manufacturing applications including the International Financial Management (IFM) and the FRx reporting application. Assisted ownership in developing a strategic focus for the consulting business. Primary customers include equipment manufacturers, metal and wire fabricators, commercial product manufacturers and Tier I and II automotive suppliers.

• Managed and consulted on IFM system conversions and accounting system upgrades for emerging middle-market multi-plant or multi-national manufactures.
• Designed and implemented financial interfaces with various manufacturing applications to automate the accounting processes and improve product cost measurements.
• Consulted on the development of cost accounting and inventory control processes to improve management information for middle-market companies.
• Performed reviews of accounting and financial reporting processes to assist customers in achieving strategic business goals.

Chief Financial Officer

Primary business adviser to the President and ownership. Hands on manager responsible for general management, manufacturing systems and procedures, accounting, treasury, MIS, human resources, marketing and financial and business planning.

• Managed installation of AS400 computer hardware and system network with a fully integrated MAPICS XA ERP enterprise resource planning (ERP) and control system.
• Implemented first standard costs financial reporting and monitoring process.
• Implemented annual operating plans and budgets with divisional profitability reporting.
• Revised operating procedures to improve scheduling, quality, inventory control and product costs.
• Facilitated development and implementation of team-based strategic and marketing plans to enhance market penetration and corporate profitability.
• Strengthened market distribution channel to improve coverage and enhance sales.
• Instituted a new corporate image program with a new corporate logo and promotional material.
• Implemented goal-oriented performance based measurements for accountability and control.
• Implemented a forecasting process to improve production scheduling and cash management.
• Instituted a new product development process to manage and control new product R&D.
• Improved employee benefit plans to include heath insurance, life insurance and the 401(k) employee savings plan.
• Managed the development of Human Resource policies and procedures.

Growth oriented publicly held catalog/retail company with over 100,000 stockkeeping units with multiple retail and warehouse locations and annual sales of over $200 million.

Vice President, Chief Financial Officer, Treasurer and Secretary

Reported to the Chairman and Chief Executive Officer with responsibility for all financial, tax, treasury, MIS, risk management, investor relations, legal services and human resources. Member of Executive Management Committee.

• Modified original revolving credit facility saving $350,000 in annual fees and interest costs.
• Completed $60 million multi-bank revolving credit and term loan financing.
• Modified cash management activities reducing processing fees by 34%.
• Managed design of a $3 million software system for inventory and DRP with new AS/400 hardware.
• Changed legal structure of the company to save a projected $14 million in sales tax over five years.
• Developed financial plan for the expansion of the retail store network from two to seventeen stores.
• Directed first investor relations program contributing to a 100% increase in stock price.
• Directed discussions with investment bankers for raising capital to fund future growth.
• Implemented first internal tax planning function identifying $8 million of first year tax savings.
• Initiated first business unit profitability reporting and cash forecasting process.
• Modified employee benefit plans to include improved health care plans, re-design of the 401(k) plan and implementation of an executive deferred compensation plan and incentive stock option plan.

A full service publicly held four-bank holding company with total assets of over $3 billion, acquired by ABN/AMRO in 1990 to bring total assets of LaSalle Bank to over $6 billion. A member of the management team during the bank growth years when assets increased from $300 million to $3 billion.

Senior Vice President, Treasurer & Chief Accounting Officer (1986-1990)

Reported to the President and managed all accounting, financial and tax functions. Member of Senior Management Committee, Asset & Liability Management Committee and the Loan Work Out Committee.

• Managed a $21 million preferred stock redemption program.
• Directed investor relations program contributing to a 300% increase in stock price.
• Developed tax plan to utilize $60 million in tax loss carry forwards.
• Managed capital markets reporting and analysis and interest rate risk management functions
• Managed due diligence, legal, regulatory and accounting processes for all bank acquisitions.

First Vice President and Comptroller (1982-1986)

Reported to the Chief Financial Officer and managed accounting, reporting, financial planning, asset/liability management, tax and regulatory compliance.

• Instrumental in managing legal issues, bank regulatory filings, SEC preferred stock registration and financial systems integration for a merger that doubled corporate size to $1 billion.
• Key involvement in the SEC registration and underwriting of a one million-share common stock offering valued at $23 million.

Vice President and Auditor (1977-1982)

Responsible for development and management of a professional audit function.

APICS Certified in Production and Inventory Management (CPIM), 1998

Certified Public Accountant, Illinois, 1977

MBA, Finance, Accounting, University of Chicago, 1974

BS, summa cum laude, Marketing, Quinnipiac University, Hamden, Connecticut, 1972

American Institute of Certified Public Accountants

Illinois CPA Society: Past chairman of various industry and business committees and planning committees, member of Consulting Services Executive Committee and Information Technology SIG

Financial Executives International

American Production and Inventory Control Society: Chapter Director and Certified CPIM Instructor

MAPICS Users Group of Northern Illinois (MUGNI): Board of Directors and Treasurer

University of Chicago GSB Club CEO Roundtable

Benedictine University, Lisle, Illinois: Adjunct Professor for MBA Programs in

Managerial and Financial Accounting, Financial Management and Operations Management

Instructor for supply chain management, inventory control, manufacturing planning and execution control

Speaker on topics related to manufacturing, cost accounting and project management

Independent business consultant to small and middle market companies

Veterans of Foreign Wars: Committee Chair

American Legion

U.S. Army, 4^th Infantry Division, 8th Inf. Regiment Association

---------------------------------------------------------------------------------

P.O. Box 267

Naperville, IL 60566-0267

E-mail: tedschultz@aol.com

Mr. Schultz is a licensed Certified Public Accountant in Illinois and Certified in Production and Inventory Management by the American Production and Inventory Control Society (APICS). Has over twenty-five years of experience in financial and general management. He has served as Chief Financial Officer and Controller for both large and small public and privately held companies and has consulted on financial systems implementation and operations. For the past ten years has specialized in manufacturing and distribution with over fourteen years of experience in financial services. Areas of experience include: strategic and market planning, operational planning, financial management, systems and procedure, lean manufacturing, supply chain and value chain mapping, process and quality improvement and performance measurement, project management, and accounting management. He is actively involved in the Illinois CPA Society, having chaired the industry and business and planning committees and as a member of the Consulting Services Executive Committee and Information Technology SIG Committee. He is a member of the American Production and Inventory Control Society and is the educational director for the local chapter. He is also an APICS instructor, Adjunct Professor of Accounting, Finance and Operations Management in the MBA program for Benedictine University and speaker on various accounting and management topics. He is a member of the American Institute of Certified Public Accountants (AICPA), The Illinois CPA Society, Financial Executives Institute (FEI) and The University of Chicago GSB Club CEO Roundtable. He is also active in the community with the Chamber of Commerce, American Legion and the Veterans of Foreign Wars.

University of Chicago Graduate School of Business - Chicago, Illinois

Masters in Business Administration with a concentration in Accounting and Finance

Quinnipiac University - Hamden, Connecticut

Bachelor of Science (summa cum laude) with major in Marketing and minor in Economics

Financial Management: overall financial management, accounting systems, processes and procedures, standard cost processes, activity based costing and management, throughput accounting concepts, cash and treasury management, corporate financing, financial reporting (including SEC regulations for public companies), segment profitability reporting, financial projections and modeling, budgeting, tax planning, investor relations. A QuickBooks Pro Advisor with knowledge of various accounting software applications.

Corporate Planning: corporate design and set up, long term strategic planning, market planning, annual business planning, benchmarking and balanced scorecard performance measurement, project management, employee incentive programs, general business management.

Manufacturing and Distribution: lean manufacturing and JIT implementation initiatives, supply chain management and value chain mapping, manufacturing and accounting system integration, systems implementation management and consulting, manufacturing and accounting application interfaces, production and inventory management procedures and controls, MRP and master planning processes, quality management procedures, ISO certification project management.

An experienced consultant in MAPICS XA ERP manufacturing and financial systems with emphasis on MAPICS accounting applications including International Financial Management (IFM).

---------------------------------------------------------------------------------