Edward Henderson
Saint Hubert,QC
Summary
Dynamic and bilingual financial and operational executive with over 20 years of expertise in automotive manufacturing, industrial metal and rubber manufacturing, and transportation sectors. Proven leader in financing strategies, including private equity and debt structuring, with extensive experience in contract negotiations and M&A activities within diverse, multicultural environments. Renowned for spearheading operational and financial turnarounds while enhancing profitability through strategic business development, process improvements, and transformational leadership. Strong capabilities in financial analysis and risk management, combined with a solid foundation in strategic planning, drive significant contributions to organizational success.
Overview
31
31
years of professional experience
Work History
Chief Financial Officer
Spectra Premium
01.2025 - Current
- Company Overview: $200M+ Turnspire Capital PE Firm, Boucherville Quebec
- Primary areas of responsibilities: Finance, Legal, IT, and Strategic FP&A, and M&A.
- Improved the EBITDA by over $3M.
- Implemented a weekly 16 week cashflow forecast
- Implementing a 3-year strategic Hoshin planning process with KPI to drive the business and monitor progress.
- Prepared, Present and Managed the Quarterly Board Meetings.
- Analyzed operational issues and implemented corrective action to maximize profits.
Chief Financial Officer
OES Ltd.
01.2023 - 01.2025
- Company Overview: $65M+ Ardenton Equity Partners, London, Ontario
- Primary areas of responsibilities: Finance, Legal, IT, HR, Strategic Planning, and Operational support.
- Increased the TTM EBITDA by $1M.
- Reduces business working capital requirements by 45%, Improved Cash Conversion Cycle from 140 days to 97 days.
- Strategically build the 5 five budget/forecast including P&L, BS, Cashflow forecast, and Operation reporting to the 5-year strategic business plan.
- Implementing the Key Performance Indicators that drive the business and monitor critical KPIs.
- Prepared, Present and Managed the Quarterly Board Meetings.
- Member of the Board reporting to Ardenton Capital Corporation | Private Equity Partners in Vancouver.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
Chief Financial Officer
MBRP Ltd.
01.2020 - 01.2023
- Company Overview: $75M+ Ironbridge Equity Partners, Huntsville, Ontario
- Primary areas of responsibilities: Finance, Legal, IT, HR, Strategic Planning, and Operational support.
- Increased the TTM EBITDA by 200%
- Increase gross margin by 3.7% using different foreign exchange strategies.
- Reduces business working capital requirements by 35%.
- Improved ROFE (return on funds employed) by 50%, and IRR (internal rate of return) by 10%.
- Increased labor productivity by 31% by implementing live production reporting including, the production dashboard at the work center.
- Member of the Board reporting to Ironbridge Equity Partners in Toronto.
- Prepared, Present and Managed the Quarterly Board Meetings.
Chief Financial Officer
ISE Metal Inc.
01.2018 - 01.2020
- Company Overview: $350M+, 11 multi-sites (Canada, US, Mexico), 800+ employees) Sherbrooke, Quebec
- Primary areas of responsibilities: Finance, M&A, Restructuring Financial and Operational Turnaround, Strategic Planning, Contract Negotiation, Legal, Operations, Purchasing, Finance, IT.
- Improved consolidated financial and operational reporting for 8 different legal companies at a corporate level.
- Increased the TTM EBITDA by 160%
- Reduce Manufacturing Overhead by 80,000 sq./feet, saving $2M annually.
- Lead all financial restructuring (treasury and banking) negotiations with EDC, NBC, CIBC, and RoyNat.
- Refinanced long-term debt with EDC.
- Increased internal financial controls in Mexico (Saving $500K annually)
- Negotiation exists on non-profitable Automotive contracts. Saving $3M annually
- Evaluate and lead the due diligence and post-integration of (M&A) acquisition of Vulcain Metal Products, a Tier 1 supplier to OEM with over $75M in annual sales
- Reduce Administrative costs by $1M annually.
- Developed a 5-year business plan including a detailed financial model.
- Reduced the P-to-P cycle by 7 days and increased Working Capital by 15%
- Launched real-time productivity report with dashboard for the Mexican Location.
- Prepared, Presented and Managed the Quarterly Board Meeting
- Created a financial foreign exchange risk model to reduce ISE expose to changes in the USD and Mexican Pesos.
General Manager/ Plant Manager
Continental Contitech
01.2012 - 01.2018
- Company Overview: $125M, 265 employees) Granby, Quebec
- Primary areas of responsibilities: P&L, Operations, HR, Purchasing, Maintenance, R&D, QA, Customer Service, Finance, and IT.
- Established a culture of Continuous Improve and Enterprise Learning by driving personal accountability.
- In 2016, the plant was Award Most Productive in Continental.
- In 2017 the plant was the Winner of the Safety Award by the CSST (WSIB).
- Increase EBITDA by 8.5%, maintain union-free plant.
- Launched Safety Programs and reduced CSST costs by $300,000/yr.
- Using Lean tools increase labor productivity by over 12%
- Increase on-time customer deliveries by 22%, currently at 93%.
- Using SAP launched production planning board and production order sequencing to reduce bottlenecks and increase plant capacity.
- The plant packaging reduced shipping damages and saved $250,000/yr.
- Conducted organizational survey by Dr. Dubois then launched a program to change the culture from a score of 65% in 2014 to a score of 92% in 2018.
- Launched the largest R&D project with a capital budget of $6.0M to enter a new market segment for high pressure drilling.
- Increase export sales profitability by 18%.
- Reduced shipping and warehouse space by 50%
- Launched and completed an Industry 4.0 project with a $5.5M investment into plant automation and data connection from PLC to SAP S/4Hana.
Director of Finance
Continental Contitech
01.2007 - 01.2012
- Company Overview: Goodyear (Owner: Carlyle Group - Private Equity)), Granby, Quebec
- Primary areas of responsibilities: Finance, Payroll, IT, Purchasing.
- Key Finance Leader for Implementation of the Backoffice processing center in Manila, Philippines.
- Launched vending machine sourcing program to reduce production expenses.
- Redeveloped MFP to increase user service levels and reduce printer cost by 60%.
- Increased focus on financial performance by producing cost center level (department) budgets and tracking spending on a weekly basis.
- Developing a Business Warehouse so that actual employee performance that impacted profitability and productivity could be tracked.
- Project Leader for SAP Implementation (BOM, ROM, ERP, Costing) 2011.
Business and Finance Leader
Formet Industries (Magna International)
01.2004 - 01.2007
- Company Overview: $1.10B, 3200 employees) St-Thomas, Ontario (Automotive OEM Manufacturing)
- Implementing web base time management software will result in $60,000 annual savings. The software made it easier for human resource planning and scheduling.
- Implemented a Capital Planning Process with the managers, so that we can better control the capital spending.
Chief Financial Officer / Vice President of Finance
Saargummi Inc.
01.2001 - 01.2004
- Company Overview: $550M, multi locations, 9 legal entities in Canada, US, and Mexico, 1800 employees) Magog, Quebec (Tier 1 Manufacturing and Distribution) SGQ is an automotive parts manufacturer and was privately own a German multinational (RAG).
- Financing of long-term debt ($28M) with National Bank of Canada (NBC)
- Implemented a consolidated web base budgeting and financial reporting solution that resulted in greater management responsibility, and quicker reporting cycle.
- Increased the Monthly Profitability Forecasting by reliability 90%.
- Business Leader for SAP Implementation, at all locations.
Director of Planning, Logistics and Purchasing
Saargummi Inc.
01.2000 - 01.2001
Financial Analyst
Saargummi Inc.
01.1998 - 01.2000
Controller
Manoir Hovey inc.
01.1997 - 01.1998
Assistant Controller
Marcel Lauzon Inc.
01.1995 - 01.1997
Education
Lean Master and Six Sigma Green Belt -
Villanova University
Villanova, PA01.2016
Master Business Administration - undefined
Northeastern University
Boston, MA01.2013
Certified Professional Accountants -
Quebec
01.2013
Certified Management Accountants - undefined
Quebec
01.1998
Bachelor of Business Administration (BBA) - Accounting and Finance
Bishop's University
Lennoxville, PQ01.1995
Skills
- Windows, Word, Excel, HMI, MRP, SAP, HANA, FRX forecaster, Hyperion, Essbase, Qlikview, and Infor
- Strategic financial planning
- Mergers and acquisitions experience
- Working capital management
- Operational decision making
- Corporate governance
- Turnaround management
- Strategic business planning
Languages
English
Native or Bilingual
French
Full Professional
Timeline
Chief Financial Officer
Spectra Premium
01.2025 - Current
Chief Financial Officer
OES Ltd.
01.2023 - 01.2025
Chief Financial Officer
MBRP Ltd.
01.2020 - 01.2023
Chief Financial Officer
ISE Metal Inc.
01.2018 - 01.2020
General Manager/ Plant Manager
Continental Contitech
01.2012 - 01.2018
Director of Finance
Continental Contitech
01.2007 - 01.2012
Business and Finance Leader
Formet Industries (Magna International)
01.2004 - 01.2007
Chief Financial Officer / Vice President of Finance
Saargummi Inc.
01.2001 - 01.2004
Director of Planning, Logistics and Purchasing
Saargummi Inc.
01.2000 - 01.2001
Financial Analyst
Saargummi Inc.
01.1998 - 01.2000
Controller
Manoir Hovey inc.
01.1997 - 01.1998
Assistant Controller
Marcel Lauzon Inc.
01.1995 - 01.1997
Master Business Administration - undefined
Northeastern University
Certified Management Accountants - undefined
Quebec
Bachelor of Business Administration (BBA) - Accounting and Finance
Bishop's University
Lean Master and Six Sigma Green Belt -
Villanova University
Certified Professional Accountants -
Quebec
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