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Lowell Robinson is a numbers guy, with a twist. "A company's numbers
tell a story," says the reflective CFO and executive vice president of
the Manhattan-based PRT Group Inc., a high-tech services firm. "When you
make that story come alive, you get people to take action."
By getting the numbers to tell a tale, the unassuming Robinson is a kind
of John Grisham of the corporate financial world. For the past 25
years, he has been teasing out the narrative thread behind companies'
financial data and helping them use the information to become more
competitive.
An early player in the reengineering movement, in the mid-1970s Robinson
was a strategic financial manager for General Foods' (GF) domestic
grocery products. After scanning a decade's worth of data and analyzing
GF's investments in new product development, Robinson says he found that
"GF's $50-million-a-year investment had yielded only one moderately
successful product Ñ Stove Top stuffing mix. " Armed with this
information, he quickly advised the firm to refocus its efforts on
acquiring established but undermarketed concerns, which eventually led
to GF's profitable acquisitions of Oscar Mayer and Entenmann's.
Citicorp recruited Robinson in 1986 as assistant controller for their
international consumer businesses, including bank cards and retail
banking. His first task, he recalls, was to "take a look around and
advise my boss what his group should be doing differently." His
in-depth financial analysis revealed that Citicorp needed to manage its
operations by business instead of by country, strategically reallocating
resources. "I also showed them how to look at expenses as a percentage
of revenues, something that's commonly done in the packaged-goods
industry but that was revolutionary for this segment of the bank," he
explains. In a record six weeks, Robinson was promoted to controller
for Citicorp's Global Consumer Businesses, becoming responsible for
seven hundred employees worldwide.
In 1994 he joined ADVO, Inc., the largest direct-marketing company in
the United States, where he helped boost its stock price by 300 percent
in one year by altering the company's profit structure and leveraging
its balance sheet. Among other reengineering moves, Robinson reduced
fixed costs significantly by centralizing the firm's financial
operations.
Eager to apply his numbers magic to a smaller, more entrepreneurial
company, last fall Robinson joined PRT, a global firm that provides
information technology solutions and services to Fortune 500 companies.
He stepped in to help lead PRT's initial public offering just after its
revenues had soared from $24 million in 1996 to $60 million in 1997.
"Since PRT's boom, the business environment has become much more
competitive," Robinson says of the firm, whose CEO, Doug Mellinger, has
been hailed by Inc. magazine as the next Bill Gates. "Some difficult
decisions lie ahead as we continue to build this company. My challenge
will be to help lead them through the growing pains. "
A native of White Plains, New York, Robinson says he came to finance by
wending his way from liberal arts to economics as an undergraduate at
the University of Wisconsin. He attended HBS immediately after college.
"I didn't want a theoretical program, which is why I picked Harvard,"
he says. "I wanted the practical methodology for solving problems you
get from dealing with case studies. "
These days, Robinson enjoys spending more time with his wife, Leila, who
is managing director of global asset allocation at Salomon Smith Barney,
and their daughters Sarah and Abby. He is also helping to create a
mentoring program in New York City that will partner seasoned business
executives with public school administrators to develop more efficient
ways to put funds to use for students. "For me, life is about helping
people and organizations realize their full potential," says Robinson.
"It's my way of giving back. "
- Eileen K. McCluskey
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