william j.

ostrowski (c) 805-698-6014 (H) 805-

967-3478
6219 Cumberland Drive, Goleta, CA 93117
wo6dcab0@westpost.net
VP / Director - Internal Audit
Risk & Cost Containment / Regulatory Compliance / SOX / SAS 70 / Systems
Analysis / TQM
Global Project Management / CPI / Financial Controls / Best Practices /
MRP / Policy Development
With a proven one-two combination in business and finance, I have initiated
innovative compliance and cost control strategies across multiple
manufacturing operations. Expert at interfacing with departmental
leadership to optimize operational and financial audits, I deliver strong
results year after year. My transferable skills include:
? Managing global compliance audits to seamless conclusion
? Initiating key financial controls to boost profits by millions of
dollars
? Streamlining administrative processes to ensure peak productivity
? Initiating training/development programs to optimize team performance

Highly regarded as a team builder, I deliver practical, results-oriented

solutions to difficult operational and system problems. I am also adept at
identifying/managing enterprise risk, thus helping to position companies
for greater success. Since earning a BS in Finance at San Jose State
University, I've completed several audit training seminars.
Representative Accomplishments
Launched successful Internal Audit Department. International medical device
manufacturer, Mentor Corporation, lacked an internal audit/risk management
department. Led comprehensive needs assessment, developing superior
preventive and detective controls to minimize domestic/global risk and
optimize audit results year after year.
Resolved difficult global audit dilemma. Mentor, now part of Johnson &
Johnson, had a cumbersome and costly inventory audit system that required
every global production site to shut down for 48-72 hours per year.
Introduced world-wide cycle count system, automating the process to save a
total of $7M-$9M and maximize audit accuracy.
Introduced/managed superior SOX process. Mentor faced myriad challenges in
devising a workable audit system to meet SOX requirements. Identified key
benchmarks, building superior project team that ensured first-year
compliance at eight worldwide sites. Saved $500K in annual audit costs, and
earned high praise from Ernst & Young.
Re-engineered critical Consigned Inventory Program, adding $2.25M+ to
Mentor's bottom line. CIP (40% of annual revenues) had key control
weaknesses regarding verification/documentation of its value. Leveraged
existing IT resources, streamlining audit system to recoup $2M in lost
revenue/save $250K in yearly verification costs.
Devised solution to costly finished goods inventory (FGI) problem. Absence
of an effective means of FGI tracking cost Mentor millions of dollars per
year. Recommended/implemented product serialization process, cutting
inventory losses 90%, saving $500K in annual inventory write-off and
enabling tighter accountability controls.
Career History
VP Internal Auditing / Corporate Compliance Officer, 1995 to 2010, Mentor
Corporation - a $480M global medical device manufacturer, acquired by
Johnson & Johnson in 2009. Initially recruited as a Director, created and
enhanced company's Internal Audit Department to enable faultless compliance
across North American, European and Pacific Rim operations. Promoted to VP
based upon superior contributions. Managed five-person team with $1.5M
budget.
. Built audit department into world-class organization
. Reduced operational redundancies to enhance overall operational
performance
. Initiated global MRP II/finance systems to ensure good
business/accounting practices
. Championed adoption of standardized material inventory system to reduce
costs
. Revamped product operating procedures to mitigate risk with
sales/marketing policies
Internal Audit Manager (IAM), 1983 to 1995, Applied Magnetics Corporation.
Recruited by $450M electronic components manufacturer as a Systems
Consultant. Promoted to Customs Manager, and then IAM to establish an audit
department encompassing operations in US, Europe and the Pacific Rim.
Authored Internal Charter, Handbook and Information Guide covering
operational and financial audits. Led two-person team.
Additional Information: Outside interests include model railroading,
sailing and skiing. Active in United Way and serve as Junior Achievement
Financial Advisor. US Marine Corps veteran.