PRAKASH R. MULCHANDANI 7353 Linden Lane Dublin, OH 43016 (614) 761-3756 E-mail: mulchandani.3@osu.edu BACKGROUND SUMMARY Three years of engineering experience to solidify analytical skills. Rapid progression from financial analyst to controller with significant contributions in analysis, budgeting, cost accounting and financial accounting. Possess significant global operations expertise with demonstrated improvements in productivity, inventory levels and customer satisfaction. Progressed rapidly from general management to executive management, and achieved major increases in sales growth, market share and profitability. Several years of highly rated teaching experience (part time and full time) at national institutions. EDUCATION MAcc Accounting, The Ohio State University, 2002 MBA Finance (Distinction), University of Michigan, 1973 M.S. Chemical Engineering, Clemson University, 1968 B.S. Chemical Engineering (Honors), Michigan State University, 1966 B.S. Chemistry (Honors), University of Bombay, India, 1964 RECENT ACTIVITIES Since September, 2002, I have been teaching accounting at The Ohio State University. Currently, I am employed full-time as a faculty member at the Fisher College of Business. Teaching responsibilities include courses in financial and managerial accounting for undergraduate students; a combined financial/managerial course for MBLE majors, and the graduate level case study course in Managerial Accounting. Also, I have prepared and taught an MBA elective titled “Implementing Corporate Strategy”. In addition, I wrote a case study quantifying the financial benefits of Lean Manufacturing, which is taught in the Executive Education section of the Fisher College of Business. INDUSTRIAL EMPLOYMENT HISTORY 1. Rockwell International, Automotive Operations Meritor Automotive (Spin-off from Rockwell, October, 1997) ArvinMeritor (Merger with Arvin Industries, July, 2000) 9/74 – 1/01 A. President, Commercial Vehicle Systems 1/98 – 1/01 Senior executive with direct line responsibility for $2.5 billion worldwide business. Products included axles, brakes, drivelines, transmissions, clutches and ABS. Employment level of 13,000 with 28 facilities located in 13 countries. Board member of joint ventures in Brazil, China, Germany, India and Mexico. Increased sales from $1.7 billion in 1997 to $2.5 billion in 1999 with improved operating margins. Made two major acquisitions including Volvo’s axle plant in Sweden and LucasVarity’s Heavy Vehicle Braking Systems (Europe and North America). Formed North American joint venture with ZF on heavy duty transmissions. -1- PRAKASH R. MULCHANDANI B. President, Worldwide Truck and Trailer Systems Similar responsibility as above, but only for on-highway trucks and trailers. 6/94 – 12/97 Major reductions achieved in material costs through strategic worldwide procurement initiatives and make versus buy strategies. Increased market penetration in all product lines. Introduced more new products in 3 years than were introduced in previous 5 years. 4/92 – 5/94 C. Vice President/General Manager, Worldwide Trailer Products General management responsibility for $400 million operations, with primary sales in North America and Europe. Products included axles and suspension systems. Increased European profitability from $9 million to $27 million. European market penetration grew from 21% to 35%. Consolidated European operations for major cost savings. Group received Chairman’s Team Award (1994) for excellence within Rockwell International. 1/90 – 3/92 D. General Manager, North American Trailer Products Similar responsibilities as above for $180 million North American operations. Increased North American profitability from $10 million to $40 million. Market penetration grew from 44% to 72%. Group received Chairman’s Team Award (1992) for excellence within Rockwell International. E. Plant Manager, Kenton, Ohio Operating responsibility for facility manufacturing trailer axles, hubs, drums and drive axle housings with employment of 1,000. 2/87 – 12/89 Major turnaround achieved at this AIW union facility that was a candidate for closure. Considered model plant for union/management relationship in State of Ohio. Negotiated revolutionary win-win contracts to include gain sharing and increased productivity. Manufacturing efficiency improved by 30%. F. Operations Manager, Newark, Ohio Manufacturing and materials responsibility for this truck axle plant making many -2- 6/84 – 1/87 PRAKASH R. MULCHANDANI major components and employing 1,200 people. Introduced several new management techniques/philosophies at this UAW facility. Achieved manufacturing efficiency improvement of 20%. Inventory turns improved by 25%. Customer delivery credibility improved from 82% to 98%. G. Materials Manager, Asheville, North Carolina Part of small team established to build and operate 450,000 sq. ft. non-union plant to manufacture drive axles. Responsible for setting up revolutionary operating systems using team concepts. 1/80 – 5/84 Set up state-of-the-art MRP system. Start-up considered a model at Rockwell International. H. Financial Analyst – Controller Rapid progress from financial analyst to plant controller with assignments at two plant locations and Corporate headquarters. Responsibilities included budgeting, cost accounting, financial accounting and information technology. 9/74 – 12/80 Set up forecasting and performance reporting system. Developed standard cost system for tool crib. Established product line/customer profitability reports to aid pricing actions. 1973 – 1974 2. Owens-Corning Fiberglas, Granville, Ohio A. Performed financial analysis on research projects to determine their economic value to the Corporation. 1968 – 1971 3. Dow Chemical Company, Midland, Michigan A. Pilot plant engineer responsible for taking organic chemicals developed in the laboratory to the next commercial level. Promoted from Engineer to Senior Engineer in record time. Two out of three projects resulted in full scale product manufacture. -3- PRAKASH R. MULCHANDANI OTHER EXPERIENCE On a part-time basis, taught financial and cost accounting at the undergraduate and pre-MBA levels with excellent student feedback. Lecturer, Furman University, Greenville, South Carolina 1/83 – 6/84 Lecturer, Ohio State University, Newark, Ohio 9/78 – 6/79 PERSONAL AND PROFESSIONAL ACTIVITIES Rated “outstanding” by six different supervisors at Rockwell / Meritor. Captain of College cricket team. Developed three day “Finance for Non-Financial Managers” course and taught it both internally within Rockwell and externally on a commercial basis. Delivered several talks/presentations at professional meetings. APICS certification. -4-