Thomas Hungerford
Ambler,PA
Summary
Results-driven and accomplished sourcing and procurement professional with extensive experience in the consumer goods and precious metals industries. Demonstrated expertise in strategic sourcing, supplier relationship management, and commodity risk management. Adept at leading cross-functional teams to drive process improvements and cost efficiencies. Proven track record of successfully managing multi-million-dollar portfolios and implementing innovative procurement strategies. Possess exceptional analytical skills and a deep understanding of market trends. Committed to fostering collaborative relationships and delivering exceptional results in fast-paced, dynamic environments.
Overview
17
17
years of professional experience
Work History
Director - Strategic Sourcing
L'Oreal USA, Inc.
04.2022 - Current
- Direct all sourcing of packaging and contract manufacturing services for a ~$64MM portfolio in a complex, fast-paced, and dynamic environment
- Utilized strong interpersonal skills to collaborate with cross-functional teams, including Marketing, Supply Chain, Development, Packaging Engineering, and Plant Logistics to bring projects from conception to launch
- Lead monthly brainstorming sessions with cross-functional stakeholders to proactively drive continuous improvement in process, sustainability, and cost efficiency across the portfolio
- Accountable for sourcing financial performance including monthly PPV analysis, Quarterly Trend analysis, Risk & Ops analysis, and development of the annual budget
- Coordinated the development and implementation of process improvement initiatives resulting in clearly defined processes and procedures that mitigate low added-value activities.
Director - Supply Planning
L’Oréal USA, Inc
07.2021 - 03.2022
- Established a process for facilitating finished good production between intra-company plants, both international and domestic, significantly improving service levels in the Active Cosmetic and Consumer Product divisions.
- Coordinated raw material, packaging component and finished good logistics ensuring timely availability of materials and products at our production facilities and distribution centers.
- Partnered with plant Flows group to ensure all shipments were done in compliance with US and International regulations.
Director - Raw Material Sourcing
L'Oreal USA, Inc.
11.2018 - 07.2021
- Main point of contact for the raw material sourcing organization in cross-functional partnerships tasked with delivering critical solutions to key stakeholders in the areas of Regulatory, R&I, Quality and Supply Chain.
- People manager providing leadership, guidance, and mentorship of four category buyers accountable for $250MM+ in spend across multiple categories including oleo derivatives, silicone, polymers, naturals, actives, and general chemistry.
- Lead all sourcing activities for the $40MM+ global cationic surfactant portfolio to include the facilitation of multiple RFX’s, supplier negotiations and allocation decisions having resulted in more than $1MM in cost reductions.
- Conducted supplier relationship management activities including developing and leading business reviews for key raw material suppliers focused on quality, sustainability, supply chain management, innovation, and competitiveness.
- Developed and implemented the sourcing strategy for low 1,4 dioxane SLES in anticipation of regulatory requirements impacting a significant portion of the L’Oréal Hair Care portfolio.
Commodity Portfolio Manager
Church & Dwight Co., Inc
08.2016 - 11.2018
- Built a commodity risk management program that provided the ability to mitigate price volatility, in petrochemical and energy products, through the use of financial instruments
- Developed hedging strategies through the use of fundamental market analysis and presented to executive leadership (CFO, COO and VP of Procurement) for approval
- Structured and executed financial swaps and physical hedges in all applicable commodities including surfactants (AE), resins (HDPE, PP, PET), oleochemicals (PFAD) and energy (diesel)
- Constructed and maintained pricing models used to monitor hedge effectiveness as it pertains to Purchase Price Variance
- Collaborated with Treasury, Operations Finance, Accounting and Global Procurement to ensure hedging activities were aligned with company objectives and financial reporting standards.
Trader
Heraeus Metals New York
04.2014 - 02.2016
- Primarily responsible for financially and physically settled gold, rhodium, ruthenium and iridium trading in North America
- Provided trading support for platinum, palladium and silver as needed
- Established long/short positions within prescribed parameters to effectively manage the risk inherent in commodity markets
- Provided trade execution services for both internal divisions and external clients in the chemical, medical, electronics and automotive industries.
- Combined extensive industry and trading experience with data analysis and thorough understanding of company operational procedures to increase profitability, generate cash flow and minimize exposure to market risk.
- Assisted back-office operations with credit, inventory, logistics and accounting to ensure satisfactory commodity management services for our clients and the company.
Sales and Marketing Manager
Heraeus Metals New York
05.2012 - 04.2014
- Conducted regular sales calls to build and maintain relationships with senior management of prospective and existing accounts.
- Assisted in developing strategic sales targets in cooperation with divisional product sales representatives.
Refining Sales Representative
Johnson Matthey, Catalysts, Chemicals And Refining
05.2011 - 04.2012
- Managed sales territory with revenues exceeding $2MM/year
- Conducted regular sales calls to build and maintain relationships with senior management of prospective and existing accounts
- Established and developed new refining opportunities using extensive knowledge of the precious metals industry.
Precious Metals Trader
Johnson Matthey, Inc.
07.2007 - 05.2011
- Co-managed U.S
- Trading Department’s Platinum Group Metal portfolio
- Developed and implemented strategies in precious metal spot and futures markets to execute trades that increased profitability, generated cash flow and minimizes exposure to market risk
- Established clients’ risk tolerance prior to developing and executing procurement strategies that fit the customer’s objective
- Provided technical market knowledge in support of division sales representatives
- Monitored physical inventory of metal including shipping, receiving and monthly stock take
- Reconciled customer accounts with regard to A/R, A/P, metal account balances and transfers.
Associate Auditor – Internal Audit
IKON Office Solutions, Inc
06.2006 - 07.2007
- Analyzed business units to identify areas of risk pertaining to operational and financial functions
- Assisted in the development of risk assessment reports and recommendations for senior management
- Assembled documentation for work-paper binders in compliance with record retention policies
- Assisted in special investigations.
Education
Bachelor of Science - Finance
Drexel University
Philadelphia, PennsylvaniaSkills
- Supplier Relationship Management
- Negotiation
- Strategic Sourcing
- Commodity Risk Management
- Supply Planning
- Logistics
Timeline
Director - Strategic Sourcing
L'Oreal USA, Inc.
04.2022 - Current
Director - Supply Planning
L’Oréal USA, Inc
07.2021 - 03.2022
Director - Raw Material Sourcing
L'Oreal USA, Inc.
11.2018 - 07.2021
Commodity Portfolio Manager
Church & Dwight Co., Inc
08.2016 - 11.2018
Trader
Heraeus Metals New York
04.2014 - 02.2016
Sales and Marketing Manager
Heraeus Metals New York
05.2012 - 04.2014
Refining Sales Representative
Johnson Matthey, Catalysts, Chemicals And Refining
05.2011 - 04.2012
Precious Metals Trader
Johnson Matthey, Inc.
07.2007 - 05.2011
Associate Auditor – Internal Audit
IKON Office Solutions, Inc
06.2006 - 07.2007
Bachelor of Science - Finance
Drexel University
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