Jim Granacher

Bella Vista, AR 72715-4703 | (479) 381-1053 / (479) 657-2597 | jgranacher@cox.net

Chief Financial Officer / Operations Executive

Manufacturing and Consumer Packaged Goods Increasingly responsible financial and operating management positions including CFO, COO and President with CPG manufacturing and distribution companies. Successful in service, manufacturing, private equity backed, private and public environments. Experience ranges from Fortune 500 to 1000 to start-ups and re-inventing companies selling to a Fortune 500 CPG for 10 times EBITDA. Accomplished in organization restructuring, financial and strategic planning, and operation improvements, through a total team approach. A proven extensive experience with high-growth situations. Improved EBITDA through New Accounts, Back Office Automation, improving MRP systems, and Cost Containment programs - improving financial operations, reducing costs and personnel required, while improving efficiency. CORE COMPETENCIES: Budgeting/Forecasting, Strategic Planning, Start-Ups, Private Equity, Divestitures, Acquisition Turnaround/Restructuring/Integrations, New Product Development, Package Design, SEC Reporting, Strategic IT Development / Management, Import/Export, Plant Management, Distribution & Warehouse Management, Lean Manufacturing, DSD, Compliance, Business Development, Financial Reporting, Treasury/Banking, Activity Based Costing, Labor Relations, Negotiations/Contracts (IT, Healthcare, Leases & Union Contracts). TECHNICAL SKILLS: Oracle Financials / ERP, SageMAS 200 ERP, Warehouse Management Systems (WMS), Customer Relationship Management software (CRM), EDI, Database Development, Reporting in Real-Time Web-Based Environments PROFESSIONAL EXPERIENCE Chief Financial Officer | CPG 2011 - 2013 Responsible for Finance, Accounting, & IT with 3 direct & 18 indirect reports. ALLENS, Inc., Siloam Springs, AR Manufacturer and national distributor of branded, foodservice and private label canned and frozen vegetable products with revenues of $400M. o o o o Turn-around with restructured debt of this major CPG Company putting in place both an ABL and a second-lien. Improved EBITDA from $-23 million in 2011 to a positive $10 million in 2012 Marketed and sold distressed frozen division eliminating a major negative cost component to the business. Improved metrics and closing time to better measure performance. 2003 - 2010

Chief Financial Officer | CPG Responsible for Finance, Accounting, Purchasing, Distribution & IT with 4 direct & 10 indirect reports. ECCE PANIS, Inc., East Brunswick, NJ Manufacturer and national distributor of premium artisan bread products with revenues of $40M.

Freed up needed cash flow for new operation: o Within 12 months launched MAS200 ERP with full suite of inventory, financials, and MRP system to replace 3 non-integrated software packages reducing staff and saving $250K. o Sales grew from $13M to annualized $40M during the six years prior to the sale. o Negotiated leases on facility at 50% of value; eliminating liabilities in 180 days saving $0.750M o Closed old facility and opened new facility transferring management team reducing cost $1.5M.

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Increased profits $11M from a loss of $5 million to +$6 million in 6 years: o Launched new packaging, acquired new accounts and automated the back office to allow full EDI transaction system to meet major retailer requirements. Reduced administrative and shipping staffs while increasing sales volume. o Focused on aligning cost to business model. Re-invented the brand in a new state-of-the-art production facility to manufacture par-baked/frozen product of the highest quality improving EBITDA from -60% of sales to +3% in a year. Completed the sale of the company to Campbell Soup/Pepperidge Farm at 10 times earnings: Built the brand from a regional to a national brand in 6 years due to improved quality and value. Spent year since sale advising and consulting Campbell's Soup and Pepperidge Farm on the acquisition, data migration, financials and integration to SAP. Reduced closing time from 20 days to 2.5 while reducing the work force involved by 57%: Reduced the month end closing time by automating the back office financial software, improving processes, significantly improving cash flow and reducing the manual workload to close. Accelerated cash flow to stem the need for VC financing. Managed costs and brought outlays in line with revenue in 8 months: Developed a weekly cash flow model with links to payables to pinpoint all sources and uses of cash by major categories.

Vice President of Finance/CFO | CPG 2000 2003 Responsible for Accounting, Information Systems, Purchasing & HR with 4 direct & 18 indirect reports. TOPPERS, LLC, Thorofare, NJ National brand importer and distributor of promotional products with 2 operating units and revenues of $70M. Set in place metrics and a scorecard that enabled a 17% reduction in inventory (from $6M to $5M): Utilized sales transaction data to model historical movement of product. Analyzed overseas trade locations and timing from source to NJ and developed lead-time model for projecting requirements. To avoid off-line systems problems, completely mirrored the system allowing the customer service call group to be on line 16 hours per day improving customer service response and productivity: Led the planning, design and installation of a completely redundant system mirroring the current system to maintain both in parallel at two sites. Reduced closing from 14 days to 5 reducing the month-end closing time by automating the back office financial software, improving processes to save time. Significantly improving cash flow and reducing the manual workload to close thus reducing the finance and product fulfillment staff. Negotiated software and hardware pricing and contracts that were 35% less than the market price with a near tier 1 vendor: Replaced out-of-date ERP system for $1.5M.

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Vice President Administration/CFO | CPG

1997 2000

Responsible for finance, accounting, & information technology with 4 direct and 15 indirect reports. THE DENTALEZ GROUP, LLC, Malvern, PA Corporate office for a national brand manufacturer of dental instruments, equipment and supplies with revenues of $70M with three manufacturing locations in PA, NY and AL. Moved company from a legacy IBM mainframe system to a state-of-the-art Oracle ERP system: Built network and hardware from the ground up in 6 months at 3 sites, on time and within $3.5M budget. Successfully negotiated a $2.5M software and consulting agreements at better than market discounts with Oracle. Financed the purchase at no cost during implementation. Negotiated a two-year option to buy additional modules and revisions at 50% less than than current market pricing.

President & General Manager 1996 1997 Responsible for Production, Accounting, Human Resources, Administration, Purchasing & Distribution. 7 direct & 350 indirect reports. MRS. SMITHS PIES (owned by FLOWERS FOODS), Pottstown, PA National brand manufacturer of frozen pies and deserts with revenues of $130M. Cut costs $3M per year by enforcing attendance. Reduced daily absenteeism from 15% to less than 1% operated with 42% fewer employees (350 vs. 600) therefore reducing payroll and benefit costs dramatically: Negotiated a change in work rules to correct 20 years of poorly managed work practices, absenteeism and performance. Negotiated a labor contract that required the bargaining employees to pay any healthcare premium cost increases as well as no wage increases over the term of the contract. Previously with FLOWERS FOODS: o Vice President & General Manager Columbus Baking Company, regional manufacturer and distributor of branded wholesale bakery products with revenues of $30M. Negotiated plant closing with union. o Regional Controller for the Florida Region - overseeing 5 brand name bread and roll bakeries manufacturing and distributing wholesale bakery products with revenues of $250M o General Manager - of two food manufacturing subsidiaries in MI and FL o Assistant Treasurer - for parent Fortune 1000 Flowers Foods o Corporate Accountant -for parent company a Fortune 1000 regional bakery manufacturer EDUCATION BS, Business Administration WESTERN KENTUCKY UNIVERSITY CPA - passed FENG Bergen NJ & Monmouth/Ocean NJ Chapters