Michael P. Richardson
Principal Operations Officer @Asmpt Nexx, Inc
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WORK HISTORY
Principal Operations Officer @Asmpt Nexx, Inc
Billerica, MA, US
ASMPT NEXX | Semiconductor Manufacturing Capital Equipment ProviderResponsible for Operations at ASMPT NEXX, a market leader in electro-chemical and physical vapor deposition Advanced Packaging tools for the semiconductor industry. Our equipment is powering the More-than-Moore paradigm shift for mobile electronics and advanced servers with increasing speed and low power consumption, enabling next-generation heterogeneous integration and multi-chip fan-out packaging approaches. Deployed an inventory process that was at risk of outside auditor default into a restructured physical setup with part addresses aligned with ERP, eliminating parts overflow into hallways and consolidated kitting operations using a VLM. Implemented a daily cycle count process that went from 0 to over 99% accurate after a few months validating over parts reestablishing credibility with auditors. Reduced Inventory losses by 10%. Created visible and transparent operations status metrics to align the entire organization with progress weekly using automated dashboards and structured content reporting progress for labor, materials, test and on time deliveries. Improved out of box quality by 15%, reduced back-order items by 60%, increased OTD from 16% to 70% within six months. Improved execution for spare parts and consumables business improving on time delivery from 40% to 83% and grew revenue from to removing bottlenecks and streamlining the process. Improved employee turnover by 40% and built a high-performance manufacturing team while expanded to two shifts per day and reduced time to build tools from hrs/tool to 1,380 hrs/tool while improving training. Improved Malaysia Contract Manufacturers delivery performance to 100% on time delivery while reducing their labor hours from 1,900 hrs/tool to 1,200 hrs/tool.
EDUCATION
Massachusetts Institute of Technology
Design of Motors, Generators and Drive Systems, Electrical Control Systems
Babson F.W. Olin Graduate School of Business
MBA, Entrepreneurship & Finance, Summa Cum Laude
Northeastern University
BSME, Mechanical Engineering, Summa Cum Laude
ABOUT MICHAEL P. RICHARDSON
My brand can be summarized with the saying “doing the impossible is fun”. Accomplished executive with a 20+ year track record of owning accountability for all aspects of Global Operations and Information Technology Systems.Results-oriented and highly analytical executive with a dynamic career showcasing superior leadership capabilities while owning accountability for the success of multiple, high-level functions. Principal Operations Officer who led significant business transformation initiatives building best in class businesses across the globe generating $2 Billion USD in new business. Repeatedly recognized for driving continuous improvement enterprise-wide that has directly resulted in significant cost savings, reductions in operational expenditures, reduced production risk, and dramatically expanded revenues. An intentional servant leader focused on developing a healthy organizational culture and building teams that serve customers, cultivate innovation, and facilitate collaboration that drive strategy to execution with complete transparency and no surprises. Results are always consistent, repeatable, sustainable, & predictable.Accomplishments Established and optimized 6 different product lines across 8 factories and 8 field service centers covering over ft^2 across the globe spanning all time zones. Eliminated waste in every operation by designing visual factories, transparent status automation, Check-Do-Check quality systems, process simplification and design for manufacturability & reliability. Lean initiatives reduced assembly hours 33% across all product lines and reduced product lead times by 50%. Exemplary Supply Chain performance and leadership saving $9M annually while reducing production risk. Developed competitive sources for single source suppliers and improved GM by consolidating and improving supplier agreements. Pushed out supplier payment terms to increase working capital to add critical component inventory. Established a division in Timisoara Romania to manufacture renewable energy Wind Turbine Electrical Control Systems. Transferred production from scientists. Hired the team, built a green field factory, established a local supply chain, grew revenues from $0 to $50M in the first year and improved operations from 50% to 65% GM by integrating “Digital” business data systems, lean initiatives, and workforce development. Generated $280 Million USD in new business. Team size totaled 120 with 6 direct reports within ft^2.
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