Ed Reed
Colorado Springs,CO
Summary
Accomplished Senior Leader with history of overseeing multi-million dollar operations, functions and programs. Strategic planner with a demonstrated track record and core strengths in critical thinking/analysis, building high performing teams and delivering results in multiple industries.
Overview
36
36
years of professional experience
1
1
Certificate
Work History
VP, Purchasing
Progress Rail, a Caterpillar Company
Albertville, AL
07.2018 - 12.2023
- Directed $350M global indirect purchasing spend across 150 autonomous operating facilities
- Implemented an automated "procure to pay" platform across multiple ERP systems for North America and international operations, on time and on budget
- Delivered $160M in cost savings through analytics, supplier negotiations, and purchasing behavior
- Developed metrics to improve supplier quality and purchasing performance yielding YOY productivity and deflation during a period of high market volatility and inflationary pressure (COVID)
VP, Operations
Progress Rail, a Caterpillar Company
Albertville, AL
02.2013 - 07.2018
- Led $400M Wheel, Axle & Bearing division, directly managed 400 employees in 15 operations at 11 different locations across the country remanufacturing 225,000 freight car wheel sets, 50,000 freight car axles and 375,000 freight car journal bearings annually in a vertically integrated business
- Drove change in safety culture across division, improved employee engagement by 50% and reduced injury rate by 50%
- Managed through adversity, captured share with 34% reduction in industry volume, rationalized operating footprint and strategically aligned to 11 operations at 8 locations
Operations Leader
GE Energy
Atlanta, GA
03.2010 - 02.2013
- Led a team of 100 engineers in a cross-functional/cross-business matrix representing +4000 employees in multiple design teams located in 15 major global locations
- Managed $1B development budget, +200 new offerings, +700 new patent applications
- Oversaw engineering restructuring, aligned $1.8B budget, 8000 resources and 250 processes
Engineering Productivity Leader
GE Energy
Atlanta, GA
06.2006 - 03.2010
- Directed global team of +700 direct/indirect resources across 23 P&Ls to realize productivity benefit from broad product portfolio, delivered +$3B in auditable savings
- Converged processes, introduced operating rigor, doubled ROI and improved payback
- Introduced strategic Total Cost Productivity program, $450M incremental savings
Product Service Leader
GE Energy
Atlanta, GA
06.2000 - 06.2006
- Led customer facing engineering teams providing product application support, technical issue resolution, warranty management, assessment monitoring and installation/outage planning
- Relocated to Dubai, UAE and built a sustainable regional engineering team to support the Africa, India & Middle East (AIM) region
- Managed $40M gas turbine capital asset inventory, coordinated fleet programs
Engineering Divisional Manager
US Navy
Groton, Kings Bay, San Diego, CT, GA, CA
06.1988 - 06.2000
- Directed Mechanical and Reactor Laboratory divisions of non-degreed engineers in the safe operation/maintenance of a nuclear power plant on board three different classes of submarines
- Hand selected by The Director of Naval Reactors to serve on Submarine NR-1, a deep submergence special operations submarine
- Qualified and stood watch as OOD, EOOW/EDO, EWS/EDPO and LELT
- Personnel Manager: Managed 1300 member community of nuclear trained operators with $25M annual budget, coordinated training pipeline, met sea to shore rotations and fleet operational commitments
- Held TS/SCI Security Clearance
Education
MBA - Business Administration And Management
Liberty University
Lynchburg, VA06-2006
Bachelor of Science - Business Management
University of Phoenix
Tempe, AZ06-2005
NRC Licensing - Nuclear Engineering
Naval Nuclear Engineering
Orlando, FL And Idaho Falls, ID06-1990
Skills
- Business Planning
- Cost-Reduction Strategies
- Risk Mitigation
- Forecasting
- Global Procurement
- Process Improvement
- Change Catalyst
- Analytical Thinking / Problem Solving
- Strategic Planning and Execution
- Cross-Functional Team Management
Accomplishments
- GE Engineering Excellence Award
- Navy & Marine Corps Commendation Medal (2)
- Navy & Marine Corps Achievement Medal (5)
Certification
- Six Sigma Master Black Belt
- GE Manager Development Course (MDC), Crotonville, NY
- Change Acceleration Process/Facilitating High Performance Teams
Timeline
VP, Purchasing
Progress Rail, a Caterpillar Company
07.2018 - 12.2023
VP, Operations
Progress Rail, a Caterpillar Company
02.2013 - 07.2018
Operations Leader
GE Energy
03.2010 - 02.2013
Engineering Productivity Leader
GE Energy
06.2006 - 03.2010
Product Service Leader
GE Energy
06.2000 - 06.2006
Engineering Divisional Manager
US Navy
06.1988 - 06.2000
MBA - Business Administration And Management
Liberty University
Bachelor of Science - Business Management
University of Phoenix
NRC Licensing - Nuclear Engineering
Naval Nuclear Engineering
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