Ray Wolverton
Commercial Director of Finance @Novolex
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WORK HISTORY
Commercial Director of Finance @Novolex
Lake Forest, IL, US
Provide financial leadership and business partnering for the Food Packaging segment responsible for delivering $1.7 Billion in annual revenue Collaborate with business segment functional leads to manage the strategic goals, action plans and counter measures Ensure that periodic financial reporting packages provide visibility to areas of opportunity that enable continues improvement Manage the financial support necessary for managing $190 million in capital investment opportunities Lead the price management includes daily pricing requests, periodic customer bids and contract price resets Reduced past due receivable by 50% while streamlining existing process associated with customer accounts Engage with key subject matter experts with the goal of continuously improving our visibility and understanding of the business Developed customer profitability reporting at the product family level to identify low margin areas of opportunity Manage the Finance Team with a focus and business partnering that supports reporting, pricing, investment and planning Partner with sales and engineering to commercialize $50 million in New Product Development
EDUCATION
Western Illinois University
Bachelor, Finance
DePaul University
Masters, Business Administration
SKILLS
ABOUT RAY WOLVERTON
Novolex Corporation (October – Present):One of the world’s largest manufacturers of food packaging products with annual revenue of $3.8 Billion in plastic, paper, molded fiber and aluminum material solutions. Novolex supplies retailers, distributors and processors such as McDonalds, Starbucks, Wal-Mart, Sysco, Bunzl, US Foods, Kraft, Mondelez, Tyson, Driscoll and Albertsons. Novolex services these customers through their internal supply chain with over employees in more than sixty manufacturing and distribution facilities.Individual Summary Statement:Provide leadership and hard work to an organization that values solutions that deliver continuous success and profitability.
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