Consumer Products President CEO in Los Angeles CA Resume Scott Meyer
Consumer Products President CEO in Los Angeles CA Resume Scott Meyer
Consumer Products President CEO in Los Angeles CA Resume Scott Meyer
MEYER
[email protected] www.linkedin.com/in/scottmeyer PROFITABLE GROWTH BRAND EQUITY
Consumer Products Growth and Turnaround President with history of mid-cap success delivering superior revenues, profits and market performance for emerging, distressed, and private equity portfolio companies. Financially-oriented marketing strategist, effective team builder and leader who has launched and profitably grown consumer brands in domestic and global markets including healthcare, medical devices, nutrition, consumer durables and housewares. Reputation for quickly assessing company and market SWOT and successfully adapting Fortune 100 best practices (J&J/Gillette) to smaller resource-constrained and non-CPG companies; equally comfortable interacting with board members, investors, customers, and employees in the office, lab, or plant. Fluent in German.
SELECTED ACCOMPLISHMENTS
Engineered dramatic turnaround in Net Sales and Operating Profit for $200MM T-Fal housewares business Change vs. Prior Year Net Sales ($MM) Operating Profit ($MM) Operating Profit at 2003 Exchange Rate ($MM) 2003 -25.1 -8.2 -8.2 2004 -23.0 +0.6 +2.4 2005 +5.0 +2.4 +4.2 2006 +32.8 +2.5 +3.4
Drove global sales from $432MM to $650MM in three years for Gillettes Power Oral Care SBU through combination of broadened business strategy and unprecedented new product development Developed complete strategic business plan and detailed launch program from scratch for national introduction of Splenda tabletop sweetener into retail and foodservice markets; current brand franchise over $450MM
2008 present Board of Directors Investor and active board member of start-up company holding patented technology to reduce fat content and improve flavor and holding time of deep fried food, both commercially and in-home Finalizing strategic business plan for commercial application of technology through patent licenses to national restaurants and branded food purveyors; technology will be consumer branded (e.g., Splenda, NutraSweet, Intel)
2009 2010 President North America Chief executive of high growth (+20% p.a.) superpremium line of small kitchen appliances and cookware selling at $140MM+ run rate across US/Canada with double digit EBIT. Grew business above category average while maintaining sheltered distribution strategy (Williams-Sonoma, SurLaTable, Macys, Bed Bath & Beyond, The Bay) Revamped brevilleusa.com to generate significantly greater DTC sales, capturing both manufacturer and retailer margins; introduced Living Manual online to minimize consumer returns and improve consumer experience Negotiated and signed contract with third party logistics firm (3PL) subleasing warehouse and contracting supply chain and logistics, eliminating 26 FTEs and saving $800K p.a. in operating expenses Reduced US working capital by -$3MM through liquidation of obsolete/discontinued housewares inventory Initiated closure of unprofitable Canada housewares business, estimated to improve Canada EBIT +210 bp
SCOTT K. MEYER
(310) 938-1048
2008 2009 Drove brand equity while growing FCF and EBITDA in $1,000MM plumbing products portfolio company of Sun Capital Partners and Bain Capital; charged with increasing brand equity for large multiple at liquidity event; subsequently given P&L responsibility for $200MM faucet business with 800 employees through six direct reports Vice President & General Manager Faucets Identified cost and working capital reductions contributing +$1.25MM EBITDA in Monterrey, Mexico faucet plant after two weeks; initiated private label manufacturing negotiations with Home Depot, Lowes, ACE, TruValue to bring plant to full capacity Led category line review at Home Depot resulting in three incremental SKUs and forecasted +16% sales growth Chief Marketing Officer Developed strategic marketing plan to differentiate ASB products with key USPs while increasing price Implemented CRM promotional and merchandising programs with Home Depot and Lowes, establishing metrics and measuring ROMI for $50MM+ trade marketing budget; included online and POS programs
2003 2007 President & Chief Executive Officer Led turnaround of $200MM company marketing cookware, bakeware, kitchen accessories and small domestic appliances under the T-Fal, WearEver, Emerilware, Mirro, Air Bake, and Regal brands Halted long-term decline in Net Sales and Operating Profit by eliminating unprofitable SKUs, incenting Sales on profitability, and rejuvenating team by replacing Sales and Marketing management with world class performers Initiated and led August 2006 acquisition of $110MM WearEver/Mirro/AirBake brands for $36.5MM in Chapter 11 363 auction; successfully integrated Systems, Supply Chain, Sales, Customer Service and Credit/Collections Negotiated and signed licensing agreement with Chef Emeril Lagasse for line of kitchen electrics forecasted to generate incremental +$20MM annually; 100% acceptance by all retailers presented with Q4 2006 allocations Secured incremental +$1.7MM cookware promotion at Wal-Mart for 2004 following mid-2003 loss of -85% of distribution; regained +70% of lost business in 2005 shelf re-set, gained an additional +10% business for 2006 shelf set and an additional +8% business for 2007 shelf set; grew 2004 Target cookware business +68%, appliances business +189%; gained $2MM+ listings in Costco following extended absence of any T-Fal product Slashed 2006 working capital by -$18MM through aggressive inventory management, improved production planning, and DSO reduction; reduced obsolete inventory from $11.8MM in 2003 to $2.5MM in 2006
2002 Vice President of Worldwide Sales, Chief Marketing Officer Senior revenue executive for consumer healthcare, medical device and software company with proprietary technology that quickly and accurately measures resting metabolic rate (calories burned at rest each day); helped lead successful IPO in July, 2002 during major market downturn, generating $34MM in capital Concluded $20MM+ agreement with HealthSouth providing metabolic measuring services to consumers at 2000+ facilities Concluded $10MM+ distribution agreement with Mead Johnson to sell devices/refills to RDs, OB/GYNs, and oncologists Reviewed, selected, and hired consumer advertising agency (DDB), medical advertising agency (1Health), and sales promotion agency (Arc)
THE GILLETTE COMPANY Boston, Massachusetts GILLETTE ORAL CARE Boston, Massachusetts
1993 - 2001
Vice President, Power Oral Care Kronberg, Germany (1998-2001) Reported to global Oral Care President (Gillette CEO direct report); charged with accelerating worldwide sales growth and directing all consumer/dental strategies and new product development for $650MM power oral care SBU, Gillettes fastest-growing Fueled 1999 worldwide unit sales increase of +22% on handles and +25% on refill brushes resulting in power oral care becoming the largest and most profitable oral care business in Gillette Developed and globally launched three new power toothbrushes (top of the line, kids, battery) simultaneously in 2000, resulting in incremental net sales growth for Year I over +$125MM Globally launched Braun Oral-B 3D (Q4'98), a premium price/performance power toothbrush, capturing over 20% worldwide value share representing over $150MM sales in the ten largest global markets within first year Grew ACV distribution from 30% to 80% on entry-price power toothbrush SKU in lead test market (UK) by strategic price repositioning, packaging redesign, and merchandising overhaul Personally established listing of Braun Oral-B products with Costco, growing from zero to $15MM
SCOTT K. MEYER
(310) 938-1048
JOHNSON & JOHNSON - New Brunswick, New Jersey MCNEIL SPECIALTY PRODUCTS COMPANY New Brunswick, New Jersey
Group Product Director - Splenda (1989 1993), Marketing Manager - Sucralose (1985-1989)
1982 1993
EDUCATION COLUMBIA UNIVERSITY GRADUATE SCHOOL OF BUSINESS New York, New York
Master of Business Administration in Marketing & Finance 1982
1980