JIM MCCORMICK 28427 Blue Holly Lane ♦ Katy, TX 77494 ♦ (281) 974-7226 ♦ jimpmccormick@yahoo.com CHIEF EXECUTIVE OFFICER / CHIEF FINANCIAL OFFICER A highly successful and dynamic senior executive with proven global experience in driving sustainable revenue and EBITDA performance. Achieves excellent results by providing clear strategic direction, prioritizing initiatives and challenging the status quo. Brings over 20 years of senior international management experience with a track record of building high performance teams across a spectrum of operating environments. CORE COMPETENCIES Strategic Planning / Execution Financial Management / Cost Control Brand & Trade Marketing Executive Team Development Maximizing International Performance Mergers & Acquisitions Investor Relations Supply Chain Management Distribution Strategy PROFESSIONAL EXPERIENCE SODEXO 2011 – Present Senior Vice President and CFO, Corporate Services A global leader in the food service and facilities management sector with North American revenues in excess of $9.2 billion and global revenues in excess of $23.0 billion. Lead the development of financial strategy and execution as well as the corporate governance framework. Led $180 million new business development strategy based on an organic growth strategy and new services roll-out to existing clients. Executive Sponsor of US retail sales integration project linking 8,200 points of sale into a central management structure delivering over $22 million in cost synergies per annum. FEDERAL FLANGE, INC. - Houston, TX 2009 - 2010 CFO A manufacturing firm supplying subsea and other custom pipe connectors, primarily in the energy sector with annual revenues exceeded $100 million. Drove the long-term financial strategy including performance measurement & reporting, information technology infrastructure and risk management. Increased the company's customer base 36% within 90 days by leading a corporate rebranding initiative and implementing a new CRM system. Reduced manufacturing costs by an average of 12% and increased sales call efficiency more than 20% through introduction of new performance measurement metrics. BRITISH AMERICAN TOBACCO (BAT) - London, UK 1995 - 2008 A global Fortune 250 company and the second largest international tobacco company in the world. Operated within the organization on a global scale, accepting assignments of increasing responsibility to improve overall performance. BAT Libya - Tripoli, Libya 2008 CEO Directed all operational and sales initiatives in this key North African division. Successfully negotiated a local manufacturing arrangement with government stakeholders delivering a 35% increase in operating margin. Increased the company's sales volume 22% within the first six months via a product line extension strategy. Jim McCormick PAGE 2 OF 3 Professional Experience…Continued BAT INDIAN OCEAN ISLANDS - Port Louis, Mauritius 2006 - 2007 CEO CEO of this five market $225 million business unit with full P&L accountability. In addition, served as a member of the East African Leadership Team responsible for 28 markets across Africa. Delivered the highest level of performance vs. objectives of all business units across BAT’s Africa Middle East Region and second highest globally for the year 2007. Led a strategic supply chain restructuring initiative to maximize regional synergies and trade blocs. The initiative delivered an EBITDA increase of 26% p.a. with no impact on the corporate market position. Achieved greater certainty and sustainability in a sector by successfully lobbying the government for favorable taxation and regulation. Grew revenues from $206M to $225M despite a recessionary environment. BAT TURKEY - Istanbul, Turkey 2003 - 2006 CFO Directed all finance activities within BAT’s $1.1 billion business unit comprised of Turkey, Israel and the Caucasus. Delivered an 11% market share increase and a 17% rise in EBITDA within twelve months of leading a strategic business review and turnaround strategy. Led the due diligence effort for acquisition of a major local competitor that was ultimately acquired for $1.8 billion. Initiated a business model restructuring, releasing more than $16 million in annual tax related cash flows. BAT CARIBBEAN - Port of Spain, Trinidad CFO A business unit consisting of 27 markets across the Caribbean with revenues exceeding $180 million. 2002 - 2003 Developed a finance shared services center, reducing finance department staffing levels 25% while simultaneously improving the overall efficiency and productivity of the unit. Implemented a corporate restructuring in order to leverage low tax opportunities in Panama delivering tax benefits in excess of $12 million annually. BAT ASIA EXPORTS – Singapore 2000 - 2002 CFO Led all finance and information technology activities for this $530 million regional business unit. Delivered more than $14 million in annual cost savings by directing a major SAP implementation as part of the establishment of a new manufacturing hub in Asia. Successfully negotiated distributor separation agreements ahead of budget by $3.2 million as part of a regional distribution realignment. As co-project manager, led a global strategic review and implementation of the travel retail business model in line with a new corporate focus. BAT ARGENTINA - Buenos Aires, Argentina 1998 - 2000 Marketing Controller Led all sales and marketing finance activities in this company with annual revenues exceeding $90 million. Restructured distribution operations nationwide, saving $4.3 million annually while delivering an ROI of 18% and providing direct control over the retail universe. Delivered a comprehensive 10 year strategic review for presentation to the global Board which was approved and then used as a case study example throughout the Group. 28427 Blue Holly Lane ♦ Katy, TX 77494 ♦ (281) 974-7226 ♦ jimpmccormick@yahoo.com PAGE 3 OF 3 Jim McCormick Professional Experience…Continued BAT GLOBAL HEADQUARTERS - London, UK 1995 - 1998 Planning & Strategy Manager Supported the Global Board of Directors in the development of the annual company plan, regular corporate performance reviews and various mergers and acquisition projects. Implemented a Global Tobacco Strategy leading to the optimization of business performance based on a focus of 15 major markets globally. Played an integral role in the launch of an $8 billion Jumbo Loan Facility as a critical element of the company's increased focus on core business operations. Produced a 12% market share increase as a result of successful joint venture negotiations for local production of a key brand in Vietnam. EARLY PROFESSIONAL EXPERIENCE Internal Auditor, Brown & Williamson Tobacco Performed a detailed, five-month purchasing review that yielded numerous recommendations for renegotiation of pricing and terms leading to significant cost savings. Director of Purchasing, Pepsi-Cola Successfully managed a manufacturing and distribution expansion which ultimately reduced raw material expenses by 6% within the first year. Public Accountant, KPMG Accepted a six month assignment as Financial Controller at a financial institution client, implementing a new automated reconciliation system and improvements to streamline accounting operations. EDUCATION / CERTIFICATION Master of Business Administration (MBA) - Southern Illinois University, Edwardsville B.S. in Finance & Accounting - Eastern Illinois University Certified Public Accountant (C.P.A.), Certified Management Accountant (C.M.A.) Certified Internal Accountant (C.I.A.) 28427 Blue Holly Lane ♦ Katy, TX 77494 ♦ (281) 974-7226 ♦ jimpmccormick@yahoo.com