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Michael Shin joined American Capital in May 2005 as a Principal in the Operations Team. Prior to joining American Capital, Mike was the Corporate Director of Global Procurement for Stanley Works where he oversaw a material spend base of $1.2 billion and a global organization of 80 professionals. In three years at Stanley, he reduced material cost by $27 million net of steel inflation and he improved working capital by $40 million. Mike started his career with GE where he held key positions in manufacturing, finance, marketing and eventually sourcing. He progressed to a variety of key executive positions at GE including foreign assignments in Hong Kong, Mexico and Europe.
During his 10+ years of professional tenure in global sourcing, Mike was instrumental in transitioning over $200 million of spend to low cost countries such as China, India, Taiwan, Mexico and the Czech Republic. The total annualized net savings exceeded $50 million.
Mike earned his bachelor's degree in Mechanical Engineering from the University of Missouri-Rolla. He was born in Seoul, Korea and he currently resides in Maryland with his wife Cindy and daughter Jaclyn. | 