Former Katy CEO David Feldman Has the Experience and Knowledge to Turn Companies Around Financially
ATLANTA, Ga., January 30, 2018 (Newswire.com) - Holding positions at high levels in a large company can be a stressful and challenging job. David Feldman has answered the call when faced with such challenges during his successful career.
Feldman has seen success over the years transforming businesses. He has turned companies from struggling to turn a profit into corporations gaining assets. With over 20 years of administration experience and eight years as the CEO of Katy Industries, Feldman went on to start his firm, called DJF Enterprises, LLC.
Transforming Katy Industries Into Profitable Company
Feldman took over the helm at Katy Industries doing a rough time for the company. They were operating at a declined rate, needing precise focus, and with abundant debts.
He was able to bring Katy back into turning a profit and gain assets along the way. Also, the extra funds turned into acquisitions that furthered the expansion of the company. This route allowed Feldman to make decisions based on making more money instead of hoping the company survives.
When discussing how he put Katy back on the right track, he points to two significant points. First, the sale of Katy’s DISCO division and the restructuring of Katy’s credit notes.
Selling off the DISCO division gave Katy funds to operate with and enhance its core operation structure. The restructured credit agreement gave the organization much-needed flexibility for future spending opportunities.
Feldman then turned the profits into acquiring Fort Wayne Plastics. This acquisition granted Katy Industries an increased structural foam capacity. Also, it provided the company with the ability to build and strengthen the company's business.
Also, these decisions eventually proved to be worthwhile. Katy Industries reported a 27.3% increase in sales resulting in $2.5 million in net income. Furthermore, Feldman oversaw a second consecutive year of increasing sales in the double-digits.
These accomplishments took place by maintaining the commitment to strategy focus on brand recognition, strategic assets, and growing sales.
Characteristics of a Successful Senior Manager
"Commitment, competitiveness, and balancing work with life are three qualities every successful CEO requires," tells Feldman.
"To experience progress and success in the workplace, you need to be able to make good judgments and work hard. These characteristics hold even truer when bringing a company from debt."
For a CEO to become successful at their company, they need to learn and adapt to the ever-changing landscape of business. As the corporation continues to grow and become profitable, the work remains unfinished. A valuable and skilled CEO knows that enough is never enough, and looks to more opportunities to build the company.
"No matter if the occurrence is good or bad, I always took something away from the position," adds David Feldman. "I can look back at any position I've held and told you the learning experience I had. These teachings have helped me every step of the way during my career."
Within eight years, Feldman led Katy Industries to the next level in their respective industry. By taking control of significant decisions and acquiring essential assets, the company was able to become profitable quickly.
Because of these decisions and opportunities, Feldman now leads other companies into their next steps. Offering his expertise to various small enterprises has led to these groups experiencing great success in a short amount of time.
Now, David Feldman is working to exercise his experience and success with his own management and consulting business. He is currently encouraging start-ups and mid-market industries on how they can get the most out of their business plans.
Also, Feldman is working with Thayer-Carver and is the CEO of Shelves West, which is a plastics molding manufacturing corporation. Feldman hopes to experience more success in the coming years.
Source: David Feldman