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JOHN E. THOMAS Kalamazoo, MI 49009 (269) 420-0830 jethomas01@gmail.

com
Professional Summary Financial and P&L Management executive with multi-functional leadership experience in accounting and finance, manufacturing operations, and sales. Extensive background in reversing financial declines and capturing profit improvements through combining strategic/tactical expertise with qualifications in operations, accounting and finance, business development, customer relationship management, capital budgeting, and cash and working capital management. Strategic & Operational Business & Sales Planning Union & Non-Union Multi-Site Operations Budgeting (Operating and Capital) Capital Expenditure Analysis, Planning, Funding International Sales & Operations Mergers, Acquisitions & Integrations Product & Process Profitability Asset Liquidation & Corporate Credit

2007 to Exopack, LLC: Hoffman Estates, Illinois 2011 A producer of a wide variety of flexible, paper-based and plastic-based packaging and film products, serving various industries including food, chemical, medical, pet food, building materials, beverages, electronics, lawn and garden, and personal care and hygiene products. 2010 to 2011 Vice President - Treasury and Investor Relations: Responsible to the CFO for providing leadership in developing and executing cash management strategy for a company with 18 manufacturing facilities and revenues approaching $900,000,000 specifically in areas of working capital, capital spending, cash forecasting, and investor relations. Completed recapitalization of companys capital structure, which included $350,000,000 senior secured term loan facility, $235,000,000 senior note offering at 10%, and a $75,000,000 revolving line of credit. Developed and implemented cash forecasting tools that significantly improved accuracy and reliability. Changed credit and collections policies and procedures. Net Result: Improved per cent current from 83% to 93% and reduced DSO from 41 to 39 days. Developed and implemented improved capital expenditure tracking and forecasting. Net Result: Managed $45,000,000 in capital expenditures. Successfully negotiated facility and equipment capital leases. Net Result: Improved annual EBITDA more than $400,000. 2007 to 2010 Vice President - Operations and Operations Analysis: Responsible to the President for oversight of 8 plastics-based manufacturing facilities. Direct reports included 8 Facility Managers, Director of Manufacturing Services, Director of Procurement, Films and Fluids, and Chief Information Officer. Enhanced attention to safety. Net Result: Reduced recordable injuries and incident rate from 27 to 15 and 2.59 to 1.60 respectively for all 8 facilities combined. Developed and implemented common production metrics reporting for use across the company, providing useful information to guide balanced business decisions. Included customer/product profitability, work center production, waste reporting, and historical and scheduled capacity utilization. Served as active member of acquisition integration team, successful in completing integration activities several months ahead of deadlines defined in temporary service agreements. Significantly downsized a Canadian facility by simplifying the manufacturing process, reducing products, customers, suppliers, and employees. Net Result: Improved EBITDA by 20 points. Directed selection and implementation of new ERP system, Dynamics AX 2009, across the company. Net Result: Elimination of 6 different systems.

Resume of John E. Thomas

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1996 to Cello-Foil Products: Battle Creek, Michigan 2007 A Flexible packaging company with a wide variety of high value-added products serving many fortune 100 companies in applications ranging from coffee, bakery, and convenience foods to personal care and medical. Company acquired by Sun Capital Partners and merged with Exopack in 2005. 2005 to 2007 President: Responsible to the CEO with full P&L responsibility for 2 union and 1 non-union manufacturing facilities and 500 employees generating revenues in excess of $150,000,000. Direct reports included 3 Facility Managers, 2 Vice Presidents of Sales, Vice President of Business Development, Director of Marketing, and Business Analyst. Improved efficiency, cost reductions, and customer/product mix management. Net Result: Increased EBITDA by 8% in spite of significant customer bidding activity resulting in increased volumes but flat sales. Successfully negotiated 5-year labor agreements at manufacturing facilities in Michigan and Wisconsin. Managed transition of raw materials supply base for films, inks and solvents. Net Result: Achieved total annual savings of $1,800,000. Transitioned management culture from conservative to progressive by changing key leadership in human resources and manufacturing and being involved and present with each plant. 1996 to 2005 Vice President/Chief Financial Officer: Responsible to the President for all financial aspects of a privately-owned, $70,000,000 company, which included financial and operational reporting, cash management, banking relationship, and risk management. Revised all aspects of analysis, reporting, pricing and costing systems, and led the initiative to improve the disciplined use of the existing ERP system. Net Result: Produced timely, consistent, and reliable information. When combined with disciplined use of systems and sales/capacity modeling, allowed the company to respond quickly to internal and external opportunities resulting in profitable annual sales growth of 4.1% over 9 years growing sales from $50,000,000 in 1996 to $72,000,000 in 2005; and from a loss position to EBITDA approaching 10%. Developed sales and capacity utilization and forecasting models to be used in conjunction with new and improved costing and pricing models. Net Result: Won numerous significant customer bids with the largest being a three-year $100,000,000 award. Promoted to President. 1981 to James River Corporation: Richmond, Virginia 1996 A manufacturer and marketer of consumer products and food and consumer packaging. 1992 to 1996 Business Manager for the Kellogg Account: Battle Creek, Michigan. Responsible to the Vice President and General Manager of James Rivers Blown Film System for providing leadership to manage the Kellogg domestic and international flexible packaging business with sales up to $65,000,000. Developed and executed an In-Plant Resource Program; and a Partnership (Valued Supplier) Performance Rating System. Received 2 James River Silver Key Awards for product development/project management. Directed service and quality improvement efforts resulting in a key manufacturing plant receiving Kelloggs Valued Supplier Award. Held earlier positions as Film Extrusion Superintendent and Plant Controller, New Castle, Delaware

EDUCATION Master of Business Administration Degree Finance and Marketing St. Marys College Moraga, California Bachelor of Science Degree Accounting Indiana University Bloomington, Indiana

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