Steve Hester
President @Hester Painting & Decorating
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WORK HISTORY
President @Hester Painting & Decorating
Orchestrated complete turnaround for an unprofitable residential painting company with 35% increase in revenue and 20% reduction in operating expenses in the first year.• Doubled sales from $3 million to over $6 million within 4 years due to the implementation of a completely new marketing and sales plan, and up to $12 million currently.• Generated additional increase in revenue by capitalizing on the commercial painting market opportunities. Within 2 years, this division grew to 30% of company revenues and is currently over to 65%.• Coordinated harmonious succession from founding generation to second generation over a three-year plan, and initiated additional generational planning for third generation.• Acquired two commercial competitors and two residential competitors with smooth transition of clients and employees for each acquisition.• Grew the company to be top 5 largest union painting contractors in Chicago, one of the largest specialty contractors in the Midwest and one of Benjamin Moore Paint’s largest customers in North America.• Responsibilities include: accounting and financial management, marketing, risk management, legal, project management oversight, and strategic vision and planning.
EDUCATION
University of Miami Herbert Business School
BBA, Real Estate, Finance
Northwestern University - Kellogg School of Management
MBA
SKILLS
ABOUT STEVE HESTER
Business leader with expertise in general business management and consumer services, expertise and a proven track record in business turnaround, strategic planning, business expansion and entrepreneurial ventures. Managed multiple business divisions with annual revenues of $14 million and staffs of over 85 employees, with 80% of those being union members. Conducted four acquisitions and two expansions from our core business to increase revenue. Running one of the largest specialty contractors in the Midwest and one of Benjamin Moore Paint’s largest customers in North America. Key skills are leadership, marketing, union labor relations and strategic planning. MBA from Kellogg School of Management. Member of Young Presidents Organization.
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