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Richard Forsyth

Director of Finance & Contract

Analogic Corporation

I am a seasoned executive with experience in operations, administration and finance and my passion and expertise is helping young companies refine their business models, establish market focus and align spending to direct the growth of an organization.

• IPO, Venture Capital, SEC, Mergers & Acquisitions, International Subsidiaries, R&D Projects, Government projects, Financial planning & Analysis, Budgets & Long-Term Planning, ERP, Lean Manufacturing, Asset Management, Treasury, Risk Management, HR, Facilities Management • Experience in cost effectively building infrastructure, implementing controlled business processes and driving cost efficiencies thru engineering and manufacturing. • Core expertise in finance and analysis as a business partner to senior sales and engineering managers helping them to achieve their growth and profitability goals. • A leadership style that has been described as direct, calm and fair, particularly effective when challenges surface or when clarity of purpose is needed to move the business forward.

 

Experience

Director of Finance : Analogic Corporation - [2007-04 to 2010-12]
• In one year, guided the division to profitability by aggressively re-structuring contract pricing and implementing operating efficiencies, turning-around a $(6.9)M loss to a $5.9M profit. • Funded over $50M of new product development by helping to negotiate and close significant R&D contracts with the Transportation Security Administration and OEM partners. • Personally responsible for over $10M of improved profits directly attributable a shift away from previously ineffective contract bid and pricing practices.

Vice-President Finance & Compliance : CELLEXCHANGE, INC - [2005-02 to 2007-04]
Recruited by this global software company to provide leadership in finance, treasury, HR and operations, providing direction and structure to achieve cash flow goals and the longer-term goal of a public offering. • Responsible for domestic and international resource management, corporate governance, auditor interface, internal controls, banking, insurance, human resources and capital management. • Assisted in the preparation and execution of an offshore IPO in India.

Chief Financial Officer, & VP Finance : KVH INDUSTRIES, INC. - [1988-04 to 2003-10]
- Recruited by this early-stage, venture backed company to provide leadership in finance, strategic planning, resource management, banking, insurance,general operations and facility management. As key non-founder executive, brought a collegial approach to management, providing financial insights and strengthening the business process. • Provided the financial leadership that transformed KVH from a $3.5M privately held venture capital owned company to a publicly traded corporation, recognized by Forbes Magazine as one of the best-managed small companies in the US. • Established a financial process that allowed the CEO to make well-informed judgments to strategically allocate the company’s limited resources to achieve near-term operating and cash flow goals, while positioning the company for long-term growth.

 

Education

MST, Taxation : Bentley University - [2002 to 2004]

BS, Accounting & Economics : Boston College - [1968 to 1972]