Prior to his A&M experience, Mr. Simoncic spent nearly 10 years with consulting firms Arthur Andersen and BearingPoint. Mr. Simoncic was a managing director at BearingPoint in their corporate strategy and customer solution practices.
More recently, Mr. Simoncic led an 18-month, 100-person business transformation initiative for a Fortune 60 foodservice distributor. The initiative focused on developing a new corporate strategy, new enterprise operating model and major improvement in the following functions: sourcing, supply chain, operations, sales, marketing and pricing. The results generated over $100 million in cost savings and revenue improvements.
Mr. Simoncic also recently led a full merchandise review for a $1.4 billion national retailer. The initiative focused on analyzing the productivity of current merchandise, sourcing and vendor management strategies and supply chain / replenishment practices. The effort also focused on developing new analysis and insights on current customer segments and opportunities to better target and grow existing and new customer groups. The effort identified an opportunity to improve overall EBITDA by 25 percent, improve gross margins by 5-10 percent and increase overall revenues by 5 percent.
Mr. Simoncic has deep experience leading enterprise-wide strategic cost reduction initiatives for small, medium and Fortune 50 companies. Mr. Simoncic has performed multiple engagements that included refining the corporate strategy, developing new operating models and implementing new business processes. The initiatives included a current state assessment of critical process, the identification of cost reduction and revenue enhancement opportunities and the development of a multi-year implementation plan.
In the customer solutions area, Mr. Simoncic has specialized in customer analytics and segmentation. He has led a multiple engagements focused on better defining customer needs and implementing multi-channel customer treatments. Mr. Simoncic has completed churn analysis and retention programs, helped transform a Fortune 500 customer service organization, and, in a post merger role, integrated three disparate marketing functions, including redesigning the corporate function and establishing new end-to-end processes. These initiatives also required developing a competency models, change management strategies, new performance metrics and a people selection processes.
In addition to Mr. Simoncic's consulting experience, he helped create loyalty marketing solutions for consumer product companies, on-line retailers, financial service companies and NASCAR. In this role, he was a frequent presenter at trade shows and conferences on the topic of loyalty marketing, one-to-one marketing, and marketing analytics.
Mr. Simoncic earned both a bachelor's degree and a master's degree in business administration, with a focus on corporate strategy and marketing, from the University of Michigan.