MICHAEL SPENCE

10 years line management in North America, Europe and Asia starting up new plants and turning around underperforming businesses 12 years consulting delivering bottom line results through operational improvement in capex-intensive industries across Europe, North America, Asia and Australia Former Head, S. E. Asian Operations Practice at McKinsey (won 2006 competition to launch new service line with “McKinsey Execution Services”) Expertise in automotive, construction, maintenance, mining, petrochemicals, and offshore oil & gas BA Economics with honors (Harvard) and MBA (Wharton)

CAREER SNAPSHOT

• Increased earnings by $350 million from de-bottlenecking multiple petrochemical operations for an Asian-based oil and gas multinational
• Reduced purchase costs for acid, resins, and plastic parts by 25% despite Chapter 11 bankruptcy filing for a North American-based industrial battery maker
• Delivered $30 million of procurement savings despite doubling in world market prices of steel and while reducing procurement process cycle time by 50% for an Asian real estate developer
• Improved on time performance from 70% to 91% across a $1.2 billion portfolio of residential, commercial and infrastructure construction projects for an Asian construction company
• Reduced construction company cost of rework from $21,700 to $9,900 per day yielding an annual savings of $4.3 million for an Asian construction company
• Reduced operating costs 5% while increasing production 15% for largest S. E Asian manufacturing facility of a European-based aggregates company
• Reduced operating costs 25% while increasing production 4% for the oldest North Sea field of a European-based oil and gas multinational
• Launched production two months ahead of schedule at state of the art surface mount automotive electronics plant saving $2 million through early termination of supply contract for a European-based automotive supplier
• Improved product development performance measured by meeting customer milestones from 2% to 75% for a North American-based automotive supplier
• Improved quality from 13 defective parts per million (PPM) to 1 PPM through rigorous root cause problem solving at North American-based electromechanical parts supplier contributing to receiving Chrysler’s Gold Pentastar Award for outstanding quality and service

EDUCATION, FAMILY & INTERESTS
Michael earned an MBA from the Wharton Graduate School of Business at the University of Pennsylvania where he concentrated in Marketing and Human Resource Management. He also holds a BA with honors from Harvard University where he majored in Economics focusing on statistics and industrial organization. While at Harvard, Michael competed on the Varsity Cross Country, Indoor Track and Track teams.

When not working in heavy industrial plants, Michael lives with his wife Ruth in the Philippines, travels to up his count of 200 cities in 41 countries, practices his once fluent French and limited Tagalog, bikes often, and swims occasionally.