MICHAEL W.

FLEURY, CPA, MBA

Scottsdale, AZ 85254 (C) 843-860-0791
mwfleury@bellsouth.net Linkedin.com/in/michaelfleury

ACCOUNTING / FINANCE PROFESSIONAL
Finance professional with an extensive background in building and leading the finance and accounting function
for a $550MM global organization including:
Critical & Creative Thinking Skills Cost Accounting & Allocations SAP Experience
Extensive Financial Modeling Strategic / Capital Planning Internal / External Audit
Forecasting & Budgeting Financial Analysis & Reporting Sarbanes Oxley
Business Process Improvement Internal Controls & Monitoring Systems Teambuilding & Leadership
Consistently successful in linking accounting and finance to business operations to drive organizational
development and improved earnings. Developed innovative strategies and implemented tactical solutions to
effectively guide functional responsibilities, while capturing cost reductions through process redesign and
performance management. Embrace a team approach while providing strong motivational leadership.


PROFESSIONAL EXPERIENCE

KAPSTONE PAPER CORPORATION (Formerly MeadWestvaco), Charleston, SC 2004-10/2013

Director of Finance, KapStone 2008-2013
KapStone purchased the paper mill and sawmill from MeadWestvaco;
Assisted MeadWestvaco Corporate with the carve-out Financial Statements in SAP
Identified and separated shared activities with sister divisions located in Charleston, SC.
Collaborated with MeadWestvaco Shared Services on the one-year transition service agreement and
transition of general accounting and payroll activities to the mill.
Provided financial modeling and analysis for completion of the Reciprocal Operating Agreement between
the MeadWestvaco Chemical Plant and the paper mill. Participated in the renegotiations that ultimately
increased the cross charge from the plant to the mill by $1MM annually.
Developed accounting procedures to ensure the mill was GAAP compliant for SEC reporting.
Provided financial oversight to the implementation of all new systems during 2009, brought the mill to
SOX compliance by year-end; earned a clean audit report by the end of 2010 while reducing the closing
cycle from 4 12-hour days to 3 8-hour days.
Built an Excel-based Mill Financial Model that greatly simplified and standardized the following
processes while improving accuracy and visibility:
The month-end results call summary, monthly and quarterly EBITDA bridges, annual budget,
quarterly forecast and what-if scenarios outside the forecast process.
Implemented the model at two sister mills; revised closing processes at one mill eliminating 2
FTE days of closing activity.
Consolidated and streamlined the customer rebate process for the three mills and implemented stronger
Sarbanes-Oxley controls.
Developed a robust sales report package for a business segment which eliminated 8 hours of manual
computations each month, significantly improved accuracy and provided visibility to sales by region,
customer rankings by region, QTD, YTD and trended data and overall top 25 rankings.
Created a new wood sourcing summary that included a reconciliation of fiber purchases versus fiber
consumption in the P&L. The increased visibility resulted in elimination of the highest price source with
annualized savings of $3MM. The summary facilitated improved forecasting and budgeting processes.

MICHAEL W. FLEURY PAGE 2

Director of Finance, MeadWestvaco 2006-2008
In addition to the controller duties below, 1 of 4 local team members responsible for the marketing and sale
of the mill;
Participated in presentations to various suitors, providing all financial analysis and schedules as needed.
Coordinated financial needs of the Corporate M&A group and Corporate Controller Office.
In addition to selling the mill, the mill was folded under another division of the company;
Modified the month-end reports to meet the requirements of the new organization.
Participated in standardizing financial policies and practices, mentored new controllers at other mills.
Implemented a formal Balance Sheet Review with the Financial Shared Services each month.
Developed sensitivity analysis for customer pricing, wood, energy and raw material cost.

Mill Controller, MeadWestvaco 2004-2006
Mill was turned into a stand-alone division within MeadWestvaco. The business analysis group became the
accounting function, consisting of 2 engineers and 1 financial analyst. Built a new Finance / Accounting
Function from scratch.
Assigning staff members as formal liaison to groups of operating cost centers.
Developed a full P&L, modified cash flow, Fiber, Energy and Raw Material summaries for month-end,
QTD and YTD analysis.
Analyzed spending throughout the mill, developed account definitions and educated entire mill on where
to charge expenditures.
Implemented a full bottoms-up budgeting process with ownership at the cost center level.
Revised Finished Goods inventory standards for the three product lines correcting one that was
understated by 15% and another overstated by 15%. The change supported price increases.
Provided financial support and analysis to Six Sigma, cost reduction and Capital Projects teams.

Manager, Business Analysis, MeadWestvaco, Stamford, CT (2002-2004)
Assisted in development of BOD and Investor Call presentations. Performed market and competitive
analysis. Performed budget consolidations and summaries. Provided financial support to M&A group.

Manager of SAP Integration and Reporting, MeadWestvaco Shared Services, Dayton, OH (1999-2002)
Coordinated Shared Service activities with Division SAP implementations. Develop and reported
monthly KPIs, developed the annual budget and division chargebacks for the Service Center.

Senior Manager, Accounting Services, MeadWestvaco Shared Services, Dayton, OH (1998-1999)
Lead teams of new hires to migrate accounting activities from the major divisions to the Shared Service
center. Supervised the accounting close and reporting process. Standardized processes across divisions.

Business Analyst, Common Financial Team, Mead Corporation, Dayton, OH (1997-1998)
Division Accounting Manager, Mead School and Office Products, Dayton OH (1996-1997)
Plant Controller, Mead School and Office Products, Atlanta, GA (1990-1996)
Senior Auditor, Mead Corporation, Dayton, OH (1985-1990)
Staff Auditor, Grant Thornton, Dayton OH (1984-1985)

EDUCATION

Master of Arts, Business Management, Antioch University McGregor, Yellow Springs, OH
Bachelor of Science, Business, Accounting and Finance, Wright State University, Dayton, OH
CPA, Passed all 4 parts of the exam in one sitting.