Richard Taylor

Experience

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  EUROPEAN GAS TURBINES LIMITED

  Aug 1988 - Oct 1990

  Accounting Trainee

  European Gas Turbines (formerly Ruston Gas Turbines and now owned by Siemens), a subsidiary of GEC Alsthom, are the largest employer in Lincoln with a 2000+ work force and turnover of £250 million. Taken on as a Trainee Accountant in 1988, I spent time in all areas of the Finance function, as well as visiting many other business functions within the company. During this time I gained an excellent insight into the complex operation of a large manufacturing company. At the end of my first year with the company I was given a permanent position within the Budgetary Control department. This included responsibility for the production of budgets, forecasts and variance analysis statements for 15 Engineering and Production departments, and giving regular financial reviews to the Department Managers and Directors. Show less

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  Sperry Drilling Services

  Oct 1990 - Feb 1993

  As Divisional Accountant, I was required to implement procedures for variance analysis in order to fully interpret all manufacturing variances, and enable feedback to line management, I was also responsible for introducing new improved stock control procedures and the design of an Engineering Project costing system and new cash and expense procedures. As Assistant Accountant, I was responsible for the input of all monthly journals in the preparation of the management accounts. I also assisted with the VAT return, in the preparation of balance sheet reconciliations and in the accounting for all Inter Group transactions.

  • Divisional Accountant

    Apr 1991 - Feb 1993

  • Assistant Accountant

    Oct 1990 - Apr 1991
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  Sperry Drillling Services

  Feb 1993 - Jan 1997

  Accounting Manager

  Directly reporting to the Finance Vice President in the U.S. with responsibility for 5 employees, including HR, Payroll, Accounts Payable and Management Accounting.Responsibilities included:the production of monthly management accounts, forecasts, variance analysis and annual budgets, appraising all capital investments and controlling the £25 million cash flow. I was also predominantly involved in developing strategic objectives for the division, having had exposure to rationalisation and company re-engineering decisions.As well as responsibility for the division’s finances, I managed the company’s payroll of over 800 employees, including both UK and International based employees. I also prepared and consolidated the UK Company’s Statutory Financial Accounts. Show less

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  Sperry Drilling Services

  Jan 1997 - Sept 1998

  Manufacturing Manager
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  Halliburton

  Sept 1998 - Dec 2017

  Reporting directly to the Director of Manufacturing in the U.S.Responsible for 120 employees, including all Manufacturing activities: Production, Finance, Manufacturing Engineering, Purchasing, Quality and Logistics.Achievements:Increased annual Manufacturing Output to over $100 millionApplied Lean Manufacturing principles to transform the manufacturing operation achieving a 100% output improvement inside of 12 months: - Switched from batch manufacturing to one piece flow - TAKT Times used to generate daily targets eliminating traditional month end panics - Introduced Product Cells to replace functional sections - Daily Gemba focus to identify and remove sources of waste (shortages and inadequate tooling) - Relentless Root Cause Analysis used to reduce failures and rework - 5S process utilised to increase efficiency, quality and housekeeping - Visual aids used to engage employees, identify non-conformances and display results - Pull triggers used to manage stores activities and engage suppliers in stock replenishment - Kanban inventory controls used to avoid stock-outs and auto-replenish cell stocks Show less Reporting directly to the Director of Manufacturing in the U.S.Responsible for 50 employees, including all Manufacturing activities: Production, Finance, Purchasing, Quality and Logistics.Achievements:• Increased annual Manufacturing Output from $12 million to $26 million• Increased annual inventory turns from 2.3 to 4.5• Significantly streamlined the supply chain, reducing material costs by 25%• Improved QC Inspection efficiency and reduced non-conforming materials by 30%• One of only twenty companies in the UK to achieve the British Safety Council’s 5 Star Award.• Relocated the facility from Cheltenham to Tewkesbury in a 3 month time frame and to budget. Show less

  • Manufacturing Center Manager

    Jan 2008 - Dec 2017

  • Manufacturing Plant Manager

    Sept 1998 - Jan 2008
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  TBS Engineering Limited

  Jan 2019 - now

  Responsible for all commercial and operational activities including strategic direction; innovation; P&L and Balance Sheet accountability. Responsible for turnover of $60million and 200+ employees worldwide. Responsible for launching the Company's dedicated Aftermarket operation responsible for growing the spares and service business. Introduced a new org structure; new pricing structures to grow market share; improved customer support and launched an online Customer Portal. Achieved a lean transformation of the business's manufacturing operations introducing Cellular Manaufacture; 5S; Continuous Improvement concepts; Quality Control and Pull Systems. Transformed the Stores & Warehouse activities with new Product line layouts and bar coding; synchronized the supply chain activities with production to achieve a pull system and improved planning. Reduced lead times, labour times and achieved on-time delivery of customer machines.

  • Group Managing Director

    Jun 2023 - now

  • Group Aftermarket Director

    Mar 2022 - Jun 2023

  • Group Operations Director

    Jan 2019 - Mar 2022