STEPHEN R. HULLETT, MBA
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Professional Profile


Accomplished financial executive experienced in financial leadership, spearheading acquisitions, managing high growth environments, executing business turnarounds, integrating financial systems and developing high performance employees. Diverse private and public industry experience includes high tech, manufacturing, building materials, construction, and government contracting. Solid track record of delivering profitable growth leading to IPOs and acquisitions yielding exception returns to shareholders. Business partner to corporate and division leaders with solid career progression and stable employment history.



Summary of Qualifications

Construction Accounting Audit and Controls Employee Development
Strategic Planning Tax / Insurance Standard Cost / Project Cost
Initial Public Offering (IPO) Budgeting & Forecasting SEC Reporting
Acquisitions/Divestments Cash Flow Management IFRS, GAAP
Financial Modeling Credit & Collections Lien Rights

Professional Experience

Cemex Corporation 2007 to 2009
U.S. subsidiary of $21.6B Cemex S.A.B. de C.V., worldwide producer of cement, ready-mix concrete and aggregates.

Vice President, Finance & Regional CFO, Southern Region
Full P&L responsibility for $1.3B operations in the Southern Region following Companys acquisition of Rinker Materials Corporation. Managed all finance and accounting for the region including, budgeting, financial reporting, systems implementation and audit compliance. Directed a staff of eight direct reports.

Played a significant role in identifying and executing $50M in cost reductions and revenue enhancements in first year following a major acquisition.
Successfully implemented an SAP software system in the legacy Cemex Arizona operations within a tight 90-day schedule, leading to the decision to integrate the entire U.S. operation.
Reduced headcount by 40% across accounting staff for combined business by structuring a new finance organization to facilitate the transition to SAP in Arizona.

Rinker Materials Corporation (now Cemex Corporation) 1999 to 2007
$4.1B producer of ready-mix concrete, concrete pipe and block. aggregates and cement

Vice President, Finance & Regional CFO, Western Region (2006 to 2007)
Full P&L responsibility for all business units ($1.2B) across the Western region. Directed all financial activities including financial analysis budgeting, audit, controls compliance, accounts receivable and management reporting. Managed a staff of ten direct reports.

Provided Sarbanes-Oxley compliance through a rigorous self-assessment program and semi-annual stewardship review conducted in conjunction with internal audit.
Ensured seamless transition in new role evidenced by no identified issues in year-end audit review.
Retained key personnel during the six-month hostile acquisition of the Company by Cemex Corporation.

Vice President, Development (2003 to 2006)
Led divisional strategy and growth agenda while working closely with Division President and CFO following Companys $500M acquisition of Kiewit Materials. Identified potential acquisition targets and served as key interface with business owners in negotiations. Provided financial modeling, business valuations, due diligence, contract review and negotiations.

Successfully completed five separate acquisitions totaling $28M, negotiating $7M in price concessions. The acquisitions boosted aggregate reserves in Arizona by 90 million tons.

Rinker Materials Corporation, continued
Spearheaded $30M acquisition of an integrated building materials company located in Oregon.
Led further acquisitions in Nevada and Oregon totaling $30M extending our geographic spread while securing 80M tons of strategic aggregate reserves.

Vice President, Finance & Regional CFO, Western Region (1999 to 2003)
Full P&L responsibility for two separate Western regions (totaling $200M in revenues). Served as senior finance manager responsible for budgeting, strategic planning, management reporting, audit compliance and accounts receivable. Managed accounting and credit staff of 10 professionals while overseeing a $40M credit and collections operation

Led business unit turnaround in Nevada delivering $10M in profit from a previous net operating loss of $3M by strategically doubling market share, slashing operating costs, and renegotiating new labor and raw material agreements.
Doubled market share in the residential market after completing a $20M competitor acquisition for Las Vegas operations while boosting volumes by 40%.
Increased cash flow by reducing DSO (days sales outstanding) from 90 days to 50 in Las Vegas operations.

ElectroCom Automation / AEG ElectroCom (now Siemens) 1983 to 1998
$470M Publicly traded U.S. Company (NYSE) designed and produced high speed letter sorting and material handling equipment for the U.S. Postal Service, other government agencies and commercial applications.

Director, Commercial Business Finance (1997-1998)
Led assimilation of U.S. operation comprised of three business units accounting for $70M+ in revenues with full P&L responsibility following Siemens acquisition of AEG ElectroCom. Directly managed two controllers and six finance professionals.

Successfully integrated existing U.S. postal business into legacy ElectroCom accounting system and established overhead and pricing structure for accurate and informed pricing decisions on major projects.

Corporate Controller (1995-1996)
Moved to global business unit roll following the acquisition of ElectroCom by AEG a subsidiary of Daimler Benz .

Chief architect in establishing consolidated infrastructure for global financial planning and management reporting.
Key team member tasked with developing a prospectus for marketing to potential buyers leading to the controlled auction sale to Siemens.

Director Investor Relations (1992 to 1994)
Following IPO became key interface to analysts and shareholders.

Responsible for road show presentations, SEC filings, annual report, earnings and press releases.
Doubled analyst coverage in first year as liaison to stock analysts, portfolio managers and the SEC.

Manager Financial Planning & Analysis (1983 to 1992)
Key team member that fueled growth from $30M in revenues to $470M.

Created cash flow projection model used to secure bank financing and to establish loan covenants.
Preserved profit margins and improved the companys competitive edge in bidding new projects by establishing and controlling overhead rates and pricing, and accurately forecasting labor/material costs.
Pioneered all financial modeling to analyze and justify the creation of three new business units that delivered $100+M in revenue.



Education


MBA, Finance, Dallas Baptist University Dallas, TX - 1993
BA, Finance, University of Texas at Arlington Arlington, TX - 1983