david schmidt

Finance leader for Power Services upgrades, a $4.5B / year global business servicing GE and other OEM gas and steam turbines, generators, and boilers in the power generation segment. Work across functions and fulfillment organizations to prioritize the manufacture and shipment of over 1,000 upgrades / year in support of customer outages or scheduled maintenance events. Partner with product line organization to prioritize engineering resource allocation for new product introduction and cost-out initiatives. Review install base, win rates, opportunity pipeline and backlog to continually refresh current year and future year demand signal for supply chain organization.

2 billion company that services steam turbines, gas turbines and generators which provide power generation to 40% of the world. Led finance team of 18 headcount across North and South America, supporting a network of 19 repair service centers which applied over 2 million hours to jobs annually. Integrated and optimized Alstom acquisition into Americas repair network. Conducted extensive restructuring over 18 months to optimize repair shop footprint. Enabled growth in declining markets by eliminating redundancies and reducing cost to serve position while maintaining core capabilities.

Led financial planning and analysis activities for Power Services- Repairs, a global network of 50+ service centers which perform repairs and upgrades on GE and other OEM gas and steam turbines, generators, and boilers. Aligned finance team, metrics and operating rhythms around core fulfillment objectives: Safety, Quality, Cycle, Cost and Productivity. Improved network cost competitiveness and reduced average cycle time by aligning service centers into Centers of Excellence. Drove deeper accountability for fixed assets with investment reviews and reinvestment ratio targets across the network.

Operations Financial Planning and Analysis (FP&A) leader for GE Healthcare, a $16 billion / year global business providing imaging equipment and services. Consolidated quarterly income statement estimates and actual results for 7 regions. Created standard tools and processes for understanding all aspects of operating profit. Partnered with operations team to understand variable cost productivity and prioritized projects to drive cost down across new unit manufacturing. Responsible for Healthcare earnings analysis and preparation of script for GE's quarterly earnings release to analyst community.

Finance leader for global Quality Assurance / Regulatory Affairs (QA/RA) organization post FDA consent degree on GE Healthcare's Surgery business. Developed financial structure that enabled team to grow from 400 employees to +1,200 in 18 months. Built operating metrics beyond traditional finance scope to measure quality performance and cost of poor quality. Demonstrated sustained process improvements to FDA, consent decree lifted in 2008 and Surgery business resumed manufacture and distribution.

Led all financial planning and analysis activities for $2 billion / year diagnostic imaging equipment business. Managed team of 7 headcount. Leveraged P&L and Cash Flow best-practices across 5 product lines (X-Ray, CT, MR, Nuclear Medicine, Positron Emission Technology) to create monthly and quarterly digital dashboards for region leadership team. Utilized Six Sigma Black Belt tools and processes to shorten closing cycle 1 full day and improve operating profit forecast accuracy.

Certified GE Six Sigma Black Belt after successfully completing 3 business projects which impacted cash flow from operating activities (reduced working capital), improved finance productivity through IT tools (Cognos), and reduced quarterly profit & loss estimate variance to actual results through monte carlo statistical methods.

Finance leader for $750 million / year global segment of computed tomography (CT) business. Prioritized investment pipeline which generated largest new product introduction (NPI) in CT's history and maintained re-investment ratio and software capitalization profile. Managed engineering budget for global team +1,000 headcount. Enabled segment growth through cross-functional NPI approval and commercialization processes.

Global finance director for Honeywell Homes, a $1B consumer electronics business. Full responsibility for P&L, Balance Sheet and Cash Flow.

Activities and Societies: Alpha Kappa Psi