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INSTRUCTOR
David Guernsey
Finance and General Management Executive
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About
Biography
Board-ready executive with dual finance and general management/P&L experience across diverse manufacturing, industrials, and CPG environments. 4-time CFO with record of success digging though complex finance challenges and ensuring sound practices are in place to stabilize, improve, grow, and innovate businesses while mitigating risk and ensuring controls and compliance. Turned around 4 businesses by introducing operational and financial rigor and fostering strategic JV/PE partnerships, achieving record-breaking revenues, profits, and margins and setting “gold standard” within companies. Earned consistently high employee engagement scores at every role and recognized formally for commitment to equitable and inclusive workplaces. Poised for board committee roles requiring audit, governance, and ESG expertise. PROFESSIONAL EXPERIENCE JELD-WEN HOLDING (NYSE: JELD) | Charlotte, NC | 2019–2022 $5B global manufacturer of high-performance interior and exterior building products. Executive Vice President & Acting CFO, 2022 Tapped as Interim CFO for 4 months prior to retirement in 9/22 and conclusion of CFO replacement search.  Developed and delivered to board finance competency assessment that identified company exposure.  Uncovered inconsistencies in pricing and inventory reporting and created roadmap to rectify.  Audited inventory values to ensure accuracy and eliminate financial risk. Executive Vice President & President, Jeld-Wen Europe | Solihull, UK, 2019–2022 Hired to oversee European business and create operating efficiencies. Acted as executive sponsor for company’s Global Circular Economy, one of their 4 ESG pillars. Established requirements for, hired, and onboarded successor. P&L: $1.4B  Pivoted from geographic to product-centric operating model to better leverage regional capabilities, streamline manufacturing process, and eliminate silos. Restructured operating leadership.  Identified and closed 6 material weaknesses related to compliance, commercial, and financial capabilities; partnered with corporate CFO to assess talent, pricing, and technical solutions.  Following Covid-19 outbreak, created strategy for continuing manufacturing safely and without interruption that resulted in region realizing record-breaking 13-point improvement (profit, cash flow, margins, and revenue). Achieved status as only division to make its profit plan. Work stream template was adopted by entire company as best practice.  Reopened manufacturing just 4 days after shutdown. Redesigned work stations to meet safety standards, implemented testing/vaccine protocols, and negotiated with work councils to ensure appropriate staffing levels.  Initiated aggressive strategy for accessing significant government financial relief support.  Cultivated engaged workforce by implementing and facilitating standing weekly calls open to all 7K employees to support and acknowledge their efforts during this unprecedented time. INGERSOLL RAND / TRANE TECHNOLOGIES (NYSE: IR) | Davidson, NC | 2008–2019 $13B diversified industrial designer and manufacturer of products that enhance safety, comfort, and efficiency. Sector CFO/Vice President Finance, Commercial Heating, Ventilation & Air Conditioning, NA & EMEA, 2016–2019 Business and finance leader for $5B Commercial HVAC business in 3 regions. Established business direction and roadmap, negotiated strategic partnerships, improved pricing discipline and transparency, and elevated capability of finance team.  Brought operational excellence to business, realizing 4 consecutive quarters of leverage improvement (150-200bps).  Brokered transition of distribution territory to private equity / independent distributor.