Seth Bagshaw
Boxford,Massachusetts
Summary
Results-oriented achiever with proven ability to exceed targets and drive success in fast-paced environments. Combines strategic thinking with hands-on experience to deliver impactful solutions and enhance organizational performance. Experienced in multinational, publicly traded companies with successful acquisition and fund raising experience.
Overview
43
43
years of professional experience
Work History
Executive Vice President, Chief Financial Officer
MKS INSTRUMENTS, INC. (Nasdaq: MKSI)
01.2010 - 05.2024
- Promoted to this position in 2010 as a result of planned succession planning
- Reporting to President and Chief Executive Officer with responsibility for worldwide financial functions.
- Achieved company growth by implementing strategic initiatives and fostering collaboration across departments.
- Provided executive leadership during mergers and acquisitions, ensuring seamless integration while maintaining operational excellence.
- Implemented cost-saving measures through careful financial analysis and budget management, positively impacting overall profitability.
- Spearheaded organizational change management efforts, leading to enhanced employee engagement and productivity.
- Assembled team of vice president-level leaders to grow business and develop group.
- Streamlined operations for increased efficiency by identifying areas for improvement and implementing process changes.
- Drove talent acquisition strategies to attract top-tier candidates, building a high-performing team capable of achieving company objectives.
- Ensured accurate financial reporting, maintaining compliance with GAAP, SEC regulations, and internal policies.
- Established strong relationships with external stakeholders, including investors, analysts, and regulatory agencies to promote transparency and build trust in the organization''s financial management.
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
Vice President and Corporate Controller
MKS INSTRUMENTS, INC. (Nasdaq: MKSI)
03.2006 - 12.2009
- Responsibility for all internal and external (SEC) financial reporting and assisted Senior Leadership in developing investor messaging.
- Also have responsibility for all global tax and treasury functions, risk management, financial planning and analysis, Information Technology Organization and Operational Finance Functions for all major business units within MKS, Instruments, Inc.
- Cultivated strong relationships with key stakeholders, including customers, vendors, regulators, and community leaders to promote collaboration and long-term success.
- Led cross-functional teams for the successful completion of major projects, resulting in increased efficiency and client satisfaction.
- Demonstrated proficient leadership skills to motivate employees and build competent teams.
- Collaborated with senior management to develop strategic initiatives and long term goals.
Vice President and Chief Financial Officer
VETTE CORP.
05.2004 - 02.2006
- Joined founding management team (3rd employee) to provide financial and strategic leadership to a start-up company in the thermal management market
- As a key member of management team, raised over $25 million in equity financing from leading venture capital firms to make acquisitions in the highly fragmented global thermal management market.
- Acquisitions completed in China, Taiwan and U.S. growing Company to $40 million of revenue and 1,000 employees primarily in Asia.
- Recruiting by leading retained search firm to join MKS Instruments, Inc.
Vice President and Corporate Controller/CAO
VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC.
12.1999 - 05.2004
- Recruited to build and develop stand along public company capabilities from a corporate "spin out" division that became a mid-cap publicly traded multinational hi-technology manufacturing company that had recently undergone a spin-off from its parent corporation.
- Member of Senior Management Team with responsibility for positioning company to leverage market opportunities, to provide discipline required for a publicly traded company and to substantially increase shareholder value.
- Built high-performance teams through effective recruitment practices focused on competency alignment coupled with ongoing performance management processes.
Vice President, Chief Financial Officer
PALO ALTO PRODUCTS INTERNATIONAL PTE. LTD.
01.1998 - 11.1999
- Responsibility for all worldwide financial functions of pre-IPO, rapidly expanding, hi-technology vertically integrated design, manufacturing and logistics company with operations in North America, Asia and Europe.
- Successfully transformed finance function from "private company" mindset to multinational, professionally managed team in preparation of IPO.
- Partnering with founders/investors, managed financial diligence process of acquiring company resulting in successful liquidity event.
Vice President – Chief Financial Officer, Asia-Pacific Region
WATERS CORPORATION
01.1996 - 01.1998
- Received promotion to lead the Company's finance and administration operations in Southeast Asia, China/Hong Kong, Taiwan and Australia while based in Singapore
- Scope of responsibilities includes budgeting, asset management, Information Technology, customer service/distribution, management/financial reporting and tax planning and compliance.
- In close collaboration with Asian leadership team, exceeded all revenue, profitability and cash flow targets.
- Completed successful transformation of financial and operational systems from outdated Oracle/Legacy platforms to SAP significantly enhancing Asia based capabilities.
Corporate Controller
WATERS CORPORATION
01.1994 - 01.1996
- Recruited to assume newly created position upon leveraged buyout of $300 million multinational hi-technology division of a publicly traded company
- Responsible for all worldwide tax, treasury, risk management and corporate accounting functions including budgeting and SEC reporting.
- d
Senior Audit Manager
PRICEWATERHOUSECOOPERS, LLP
01.1987 - 01.1994
- Specialized in hi-technology/biotechnology and rapidly growing businesses
- Responsibility for managing all service requirements of large, complex portfolio of clients.
Audit Supervisor
ERNST & YOUNG
01.1981 - 01.1985
- Supervised audit teams in designing audit procedures, resolving financial reporting issues and meeting strict reporting deadlines.
Education
MBA -
CORNELL UNIVERSITY
ITHACA, NY1987
Bachelor of Science - Accounting And Finance
BOSTON UNIVERSITY
BOSTON, MA1981
Skills
- Certified Public Accountant
- Adjunct Professor
- Member of Massachusetts Society of CPA's and AICPA and FEI
- Member of Cornell Club of Boston
- Served on the Board of Directors of the Johnson Club of Boston
- Active alumni interviewer of prospective students for the Johnson Graduate School of Business at Cornell University
- Guest speaker in the graduate level international business program at Boston College and on behalf of the Career Center at Boston University School of Management
- Serve on Board of Directors of private company located in New England
- Coaching and Mentoring
- Complex Problem-Solving
- Strategic Planning
- Results-Driven
- Organizational Development
- Growth planning
- Team Leadership
- Relationship Building
Accomplishments
Reorganized and recruited talented Finance and IT organizations to meet requirements of a multinational, high growth technology company
Recruited to assume Chief Financial Officer role within 24 months (planned CEO/Board driven secession planning)
Timeline
Executive Vice President, Chief Financial Officer
MKS INSTRUMENTS, INC. (Nasdaq: MKSI)
01.2010 - 05.2024
Vice President and Corporate Controller
MKS INSTRUMENTS, INC. (Nasdaq: MKSI)
03.2006 - 12.2009
Vice President and Chief Financial Officer
VETTE CORP.
05.2004 - 02.2006
Vice President and Corporate Controller/CAO
VARIAN SEMICONDUCTOR EQUIPMENT ASSOCIATES, INC.
12.1999 - 05.2004
Vice President, Chief Financial Officer
PALO ALTO PRODUCTS INTERNATIONAL PTE. LTD.
01.1998 - 11.1999
Vice President – Chief Financial Officer, Asia-Pacific Region
WATERS CORPORATION
01.1996 - 01.1998
Corporate Controller
WATERS CORPORATION
01.1994 - 01.1996
Senior Audit Manager
PRICEWATERHOUSECOOPERS, LLP
01.1987 - 01.1994
Audit Supervisor
ERNST & YOUNG
01.1981 - 01.1985
MBA -
CORNELL UNIVERSITY
Bachelor of Science - Accounting And Finance
BOSTON UNIVERSITY
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