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Mr. Peters joined ATC Technology Corporation (ATAC) in March 2004. In his current role Mr. Peters is responsible for all aspects of the Company’s operations.
Since joining ATAC Mr. Peters has helped drive business results that allowed the Company to complete a successful secondary offering of its common stock in March 2005 that resulted in the complete exit of the Company’s former equity sponsor Aurora Capital Group. Mr. Peters has played an integral role in partnering with the CEO to develop and execute the Company’s overall business strategy. Over the past three years the Company’s revenues have grown at a 15.6% CAGR. During this period Mr. Peters has led the continued focus on cash flow through asset utilization cost reductions and diligent cash management that has allowed the Company to reduce debt by over 90% and thus improve liquidity and flexibility to fund its future growth.
Prior to joining ATAC Mr. Peters was EVP and Chief Financial Officer of TriMas Corporation a $900 million diversified manufacturing company. Key accomplishments at TriMas include the successful $875 million recapitalization to fund the purchase of TriMas Corporation from Metaldyne Corporation the successful acquisition of five businesses with a combined value of $244 million and the development and successful execution of a comprehensive and multi-phased plan to eliminate $29 million in annual operating costs.
Prior to TriMas Mr. Peters served in increasingly responsible financial positions with Dana Corporation and Coopers & Lybrand. During his seven-year tenure with Dana Mr. Peters served in a variety of roles including Vice President of Finance for Dana’s Fluid Systems Group and Director of Operations for the Long Manufacturing Division and chaired the leadership position in a global project to improve working capital that resulted in a $300 million improvement in cash flow. Mr. Peters also played a key role in the development and execution of a strategy to grow an international Tier-one automotive supplier business from $250 million to $1 billion in sales during a three-year period. Prior to Dana Corporation Mr. Peters served numerous global automotive and manufacturing clients during his nine-year tenure with Coopers & Lybrand.
Mr. Peters holds a BS in Business Administration from Central Michigan University and is a Certified Public Accountant and a member of the AICPA MACPA and FEI. | 