Orchids Paper Products names Gloss new CFO
Tissue supplier Orchids Paper Products (TIS +0.9%) has named Rodney Gloss as its new chief financial officer.The move is effective Sept. 12.
Most recently, Gloss has been the CFO of gold minder Atna Resources.The company says it's hoping to draw on his skills in "improving upon cost accounting, increasing efficiency and reducing costs, performing sales and margin analyses, and augmenting enterprise systems."
ATNA Resources just filed BK where Gloss was CFO.
Career History
Chief Financial Officer Orchids Paper Products Co, 9/12/2016
VP/CFO Atna Resources Ltd, 10/2011-2016
Controller Alacer Gold Corp, 2010-2011
VP/ControllerIntrepid Mining LLC, 7/2004-11/2007
VP/CFO/Controller/Dir:TreasuryTimminco Ltd, 11/1998-7/2004
VP/Chief Acct Ofcr/ControllerIntrepid Potash Inc, 11/2007-UNKNOWN
He does have a good educational background. Id good w/ numbers and does have his MBA from UCLA ranked 15th best business School in the U.S..
Personal Information
Education
UCLA Anderson School of Management MBA
Northern Arizona University Bachelor's Degree, Business Administration
Northern Arizona UniversityBachelor's Degree, Mathematics
Mr. Gloss has an extensive background in the global mining and manufacturing sectors with experience in managing all aspects of accounting and finance. He is an experienced and proven leader with the analytical and financial know-how to reduce costs and grow enterprises in a profitable manner. Mr. Gloss has served as Corporate Controller for Alacer Gold; VP, Chief Accounting Officer, and Corporate Controller for Intrepid Potash; and CFO, VP, Controller, and Director of Treasury for Timminco Ltd. Mr. Gloss holds an MBA in Finance and Marketing from the University of California, Los Angeles and a BS in Mathematics from Northern Arizona University. He is a CPA in the State of California.
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What we need is some real time manufacturing process accounting systems that include JIT, order flow & process accounting, logistic tracking and customer delivery (including forward manufacturing scheduling).
In last CC, company stated that certain times of the year there is deep discounting to high valued customers to lock in large orders. These customers provide seasonal coupon/rebates to end users to maintain market share. In order to sell into this market, tight cost controls are needed so structured (profitable) contracts can be done w/ the marginal excess capacity.
Also, company may move into online direct retail delivery (perhaps through Amazon.com) and a CFO must have the systems installed to knit together manufacturing w/ online order and fulfillment.
It appears that all of the companies that Mr. Gloss has been involved w/ are/were commodity based companies; manufactures silicon metals; fertilizer, gold mining. Unfortunately, Timminco Inc (Timminco Ltd., a Toronto Stock Exchange-listed company saw its market value soar to more than $3-billion in 2008, before crashing when it failed to produce enough pure material to meet targets. Timminco filed for bankruptcy protection in 2012.) & Alacer Gold are no longer in business and/or filed BK.
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