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STEVEN J. PIWNICA <br />142 Jasmine Creek Drive <br />Corona del Mar, CA 92625 <br />(949) 721 -1052 <br />e -mail: stevepi-tv@yalioo.com <br />SENIOR FINANCIAL EXECUTIVE - PROFILE <br />A goal - oriented executive with 25+ years experience who combines a big picture perspective with <br />detailed process knowledge and strong interpersonal skills to develop strategies, promote concepts <br />and resolve complex problems. A proven leader and analytical manager with a track record of <br />contributing strong profit improvernent through systems development, organizational restructuring, <br />and a value- oriented focus in manufacturing and distribution. <br />• Strategic Planning & Consulting <br />• Mergers & Acquisitions <br />• Private Equity - Leveraged Buyouts <br />• Supply Chain Management <br />• Corporate Finance & Accounting <br />e Management Information Systems <br />• Contract Negotiations <br />• Energy Management <br />PROFESSIONAL EXPERIENCE <br />Chief Fin ancial Officer & Ch ief Information Officer 1999 to present <br />Royalty Carpet Mills, Inc. <br />Privately -held carpet and yarn manufacturer with annual revenues exceeding $100 million. <br />Responsibilities include all financial and accounting functions, the development and management <br />of all information systems, oversight of warehousing operations, shipping, factory planning & <br />scheduling, inventory planning and control, energy management, factory regulatory compliance and <br />various administrative functions. Also responsible for contract negotiations, risk management, <br />property management and all real estate transactions. <br />• During 2006, worked with a major investment banking firm and equity buyers to arrange a buy- <br />out offer at very favorable EBITDA multiples. Royalty's owners chose not to accept the offer. <br />• "Rescued" the company from a near collapse of information systems through quick, decisive <br />action in switching software vendors and devising a viable strategy for new system <br />implementation. <br />• Installed factory cogeneration systems to achieve more reliable and cheaper energy sourcing. <br />• Developed full standard costing, comprehensive data mining & factory analysis. <br />• Revamped demand forecasting systems, policies and procedures with sophisticated new cut <br />table and order fill logic, resulting in reduced inventory losses and enhanced sale of aged and <br />distressed goods. <br />• Consolidated, integrated and streamlined all information systems, administrative and <br />warehousing operations after the acquisition of another carpet mill. <br />• Directed the litigation strategy in a major lawsuit and won a Iarge award for damages. <br />• Instituted a new and sophisticated freight invoicing system that achieved major repeat savings <br />in freight costs. <br />13A -21 <br />