Member / William Mince

William Mince

Interim CEO, COO, Turnaround

Learn More About InterimExecs RED Team of Top Interim and Fractional CEOs, CFOs, COOs, CIOs and CMOs or Call Us at (847) 849-2800 

William-Mince (1)

Bill is an experienced public company executive who has successfully grown organizations through organic development of new product lines and acquisition of both public and private entities. He has been on the due diligence and integration team for over twenty-five acquisitions. He is a results driven leader with significant operational and margin improving successes.

He recently worked with the executive team at LiveLeaf Bioscience as the interim COO. He helped them recast the business to provide core technology licensing and private label manufacturing. Additionally, he identified a low cost manufacturing source and implemented a monthly sales and operations planning process. He collaborated with the CFO to develop a focused business plan to raise the final investment round needed to reach profitability.

He most recently left Natus Medical (Nasdaq: BABY) after ten years as an Officer with responsibility for North American Operations. He was recruited to help restore profitability, add operational structure and assist in the growth from $27MM to $360MM. He was responsible for the operational due diligence and integration of fifteen acquisitions ranging in size from $2MM to $95MM. He led the other Officer team to define the worldwide integration strategy and timing for each acquisition in order to meet the accretive integration goals. He also directly managed five North American subsidiaries ($160MM). He has previous leadership experience with Nellcor, Square D Company and 3M.

Key Skills

• Managing multiple divisions both domestic and international
• Assessment of operations to define upside opportunities
• Acquisition due diligence and post close integration
• Senior management team building
• Implementing corporate-wide culture change
• Developing program and product development systems and teams

He has been awarded thirteen patents in the digital media, software and medical device fields. He is soon to publish his first management book titled “Up from the Crowd: Lessons to Help Managers Become Effective Leaders”.

SELECT INTERIM EXECUTIVE EXPERIENCE

Company Stage Focus: Late Stage Venture Funded, Private Equity Backed, Turnaround/Distressed, Public, Fortune 500, Fortune 1000, Private, Family Owned

Refocus of Startup Company

Worked with the executive team to recast the business to focus on core technology licensing and private label manufacturing

International Integration

Integration of a company acquisition in Buenos Aires, AR. Responsible for coordinating all functional integration activities and developed a six month plan for transition.

Turnaround, Medical Device Company

Led turn around of a $7M public medical device company and sale to another public company.

ACCOMPLISHMENTS

• Grew a public company from $27MM to $360MM through fifteen acquisitions in eight years.
• Built a Maquiladora manufacturing company in Mexico on a green field site including design/construction, business entity formation, import/export and hiring of all employees both U.S. and local.
• Reduced cost of goods from 45.4% 36.4% over five years.
• Led turn around of a $7MM public medical device company and sale to another public company.
• Led the integration of a $95MM divsion from one public company to another.

CREDENTIALS/EDUCATION

• BSBA, University of Redlands
• MBA, National University
• CPIM, APICS
• ISO Lead Auditor, BSI Program
• BOD Training, Stanford University

Years Executive Experience: (25)
Years as an Interim Exec: (8)
Company Size: ($1M-$500M)

SPECIALTIES:
• Building a Management Team
• Contract Negotiation
• Corporate Development
• International Business
• Joint Ventures
• Acquisition Integration
• Company Sale
• Operations: Cost
• ERP
• Offshore Development
• Outsourcing
• Planning / Modeling / Execution
• Process Improvement
• Crisis Management

INDUSTRY EXPERIENCE
• Biotechnology
• Computer Hardware/Backbone
• Digital Media
• Healthcare
• Life Sciences
• Management Consulting
• Manufacturing
• New Product Development
• Turnaround

AUTHOR OF “UP FROM THE CROWD”

Bill-Book

Interim COO I Chief Operating Officer

Jump Into Action With a Top RED Team Interim COO

InterimExecs RED Team of rock star Interim Chief Operating Officers have been hand-picked for their excellent track record serving as change agents to achieve big results. There is no long executive search, no employment contract, severance, or benefits. InterimExecs can have a highly qualified Interim COO on site within days. This is Rapid Executive Deployment.

What Is an Interim COO?

An Interim COO is an executive change agent who helps companies execute on business strategies focusing straightaway on aligning resources, people, and assets to get that mission accomplished.

At InterimExecs, our team of Interim Chief Operating Officers are engaged on a contract basis to arrive at your organization ready to work with the team to tackle inefficiencies, streamline processes, improve productivity, and increase profit margins. That is designed to ensure your company is reaching its full potential and delivering maximum value to customers and shareholders.

How is an Interim COO Different from a Permanent COO?

An interim COO is typically appointed when a COO position is vacant or when a company is going through a significant transition or change. Some big differences between an interim COO and a permanent full-time COO are:

Contract: an Interim COO is contracted for a defined period or for a specific project – as little as a few months or as long as a few years – while a permanent COO comes on indefinitely
Wiring: an Interim COO is expert at addressing major change, growth, or turnaround, setting the groundwork for a permanent COO to step in and be successful
Compensation: An Interim or Fractional COO is compensated on a flexible contract or project basis while a permanent COO has a fixed salary, severance, and benefits

Let’s Talk About How an Interim COO Can Take Your Business to Where You Want to Go

Discover the Power of an Interim COO

As organizations evolve, they are likely to undergo significant challenges or become more complex. When these changes occur, a new Interim COO can help:

  • Oversee all operations including manufacturing, supply chain management, HR, marketing, business development, customer service, and strategic planning initiatives, giving your executive recruiters more time to find the right full-time permanent COO
  • Improve efficiency, productivity, and profitability
  • Streamline processes and internal communication
  • Implement policies and procedures
  • Set KPIs to evaluate the company’s progress against its goals
  • Develop and launch new products or expand into new markets
  • Implement new technologies and systems to improve operations

How We Work

Phase1

Executive Match

We match you with an Interim COO from InterimExecs RED Team which is comprised of vetted, highly skilled, and experienced executives from around the globe

Phase2

Business Health Checkup

When you bring on an executive they will immediately assess what’s working, and what’s not, and then will make a roadmap and action plan to move forward

Phase3

Strategic Leadership

Your Interim COO takes an active, decision-making role, working closely with the board of directors, chief executive officer, and the other c-suite leaders to implement the plan, with a focus on results.

Let’s Talk About Your Biggest Goals and How We Can Match You With the Right Interim COO to Take You There

"She was far more than an interim COO; she was a true part of the leadership team and helped create cohesion and focus that enabled staff to rise to their best selves...She was integral to our not only surviving a very tough year, but emerging stronger than ever and with a sense of collaboration and commitment to success.”

-Angela Kimball, National Director, National Alliance on Mental Illness

art element interim coo landing page

1) When You Need a Change Agent

Whether the company is underperforming and needs big changes fast, or is faced with launching a new product, service or organizational improvement, a RED Team Interim Chief Operating Officer brings the fresh perspective, new ideas, and experience you need to rev up the team and put your organization on the path to operational excellence.

2) When the CEO Needs Support

The right RED Team Interim Chief Operating Officer complements the CEO’s experience and knowledge and can serve as a partner in leadership. Our roster of rock star COOs is filled with leaders who naturally connect and inspire staff, vendors, and stakeholders – guiding people toward the vision of the CEO and board.

art element interim coo landing page

3) To Implement Best Practices

On the upside, a team that’s been together a long time can be cohesive. On the downside, they can suffer from groupthink. An expert interim COO can be the trigger you need to inject new ideas into the organization, identify and mentor leaders within the team, and establish best practices for a well-functioning organization. 

4) To Expand Your Global Footprint

A veteran Interim Chief Operating Officer with years of experience dealing with cultural differences, new channels, distributors, suppliers, and expanded partnerships, can easily step in to take on the challenge of global expansion. Whether you need help moving production overseas, forming a global partnership, or expanding marketshare to or outside the US, there is a RED Team Interim COO who can both put strategy in place and take action, providing execution and results.

art element interim coo landing page

5) For System & Process Improvement

Designing and implementing large-scale operational improvements requires new perspective. A RED Team Interim COO can quickly assess an organization’s strengths and weaknesses, company culture, staffing needs, internal communications, business processes, and project management, and quickly mend any holes. The right interim COO might be hired on a project basis with a specific operational goal, or a part-time or fractional basis over a longer time frame. Our RED Team COOs have experience across industries as varied as financial services, healthcare, nonprofit organizations, and business administration.

6) To Set Up a Program Management Office (PMO)

An Interim or Outsourced COO can optimize or set up the Program Management Office (PMO). A COO will first assess an organization, making sure standards are in place to run projects, and ensuring programs are aligned with business goals, requirements, and compliance. With a broad, yet intimate view of departmental functions, a COO can increase program effectiveness and efficiency.

7) For Business Process Outsourcing (BPO) & Vendor Management

An interim COO oversees vendors, partners, and business process outsourcing (BPO), while ensuring contracted third-party service providers and vendor partnerships are beneficial to operations. The Interim COO uses data and metrics to make decisions about the most efficient way to run the organization and how outside resources across human resources, accounting, information technology can best be leveraged.

8) For Supply Chain Management

When a wide array of processes are in motion, an Interim COO can ensure an organization runs efficiently and profitably. Updating products, software development, compliance, safety on the manufacturing floor, automation, and increased productivity are just some of the areas where a high-quality RED Team Interim COO can transform an organization.

9) To Tighten Governance and Internal Controls

As organizations expand or transform, it is crucial to reevaluate internal controls to protect assets, avoid fraud, and optimize operational efficiency. An Interim COO can develop sustainable methods for internal governance controls throughout the broader organization. From the development of products or services to day-to-day staff activities, an interim COO ensures policies and reporting are held to the highest standards.

"An Interim COO brings a fresh, unbiased review of the factors driving operational results. The client and their customers can expect immediate improvement in delivery, quality and cost while they search for the permanent person for the position."

-William Mince, Interim Chief Operating Officer

William Mince, interim COO

FAQs: Interim, Contract, or Part Time COO

InterimExecs RED Team includes top interim COOs, part-time COOs, and fractional COOs who specialize in helping organizations through periods of change. We have screened thousands of executives to hand pick the best of the best. Our RED Team COOs can parachute into a company in as little as 48 hours.

Q: What types of companies would an Interim COO work in?

A: Our RED Team Interim Chief Operating Officers have experience across multiple industries and organizations. They are able to quickly analyze an organization’s needs. Then, they develop and implement a plan. That ability to optimize operations translates into COO assignments anywhere, from startup to Fortune 500, distressed to rapid growth, and across industries from manufacturing to technology, business services, consumer goods, healthcare & hospital, and nonprofit organizations.

Q: How much does an interim COO cost?

A: The cost varies with the assignment and can be structured in a monthly retainer, hourly fee, day rate, or with a blended performance component. But, in all cases, it’s far less than the cost of recruiting, hiring, and contracting with a new full-time COO that comes with long-term commitments. Interim COOs will not need benefits, severance, or paid time off and there is no risk of having to buy out the contract of a COO who isn’t working out. A RED Team Interim COO contract can be terminated with 30 days’ notice.

Q: How do you select the right interim COO for your organization?

A: A search for an interim executive is much different than a permanent COO search. At InterimExecs, we take multiple factors into account when taking an organization through our unique executive matching process. Call us to discuss your needs and we will match your business with one of our vetted, experienced, and highly qualified COOs.

Q: How does an interim COO transition out of the role?

A: True interim executives know that the goal is to work themselves out of a job. In some cases, that will happen at the end of a defined period, when the organizational goals have been achieved. In other cases, it will be when the new permanent COO hire is identified, onboarded, and ready to take the reins. RED Team Interim COO contracts can be terminated with 30 days’ notice, so there is never an uncomfortable or expensive transitional period.

Q: Can I hire a COO part-time?

A: Yes, outsourcing a COO on a part-time basis allows organizations to punch above their weight. Perhaps you cannot afford a full-time COO whose skills and experience are at the level your organization needs. Bringing on a part-time or fractional COO allows companies to reap the benefits of a rock star executive at a fraction of the cost. Read more on the fractional model here.

Q: How long is a typical Interim COO contract?

A: Interim COO assignments can be as little as 3 months spent overseeing a particular project. On the longer end, an interim COO will work for two years more during the search for a new permanent COO or in organizations that need the interim COO to overhaul operations. The average interim assignment is 8-9 months. The timing depends upon the needs of an organization.

Q: How are contracts with a fractional or interim COO structured?

A: RED Team executives are deployed through InterimExecs’ placement arm. That means there is never an employee/employer relationship created and the assignment is focused on specific deliverables and results. Bringing on an interim executive is low risk and with a standard 30-day cancellation clause, you can scale up or scale back services as need be. We stand for happy executives, happy clients.

When is an Interim COO the Right Answer?

An interim COO role can be custom-fit to address the unique issues an organization wants to solve. One size doesn’t fit all.

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FILL LEADERSHIP GAPS

Your COO suddenly left, retired, or was not performing up to par, and an Interim COO can stabilize the organization and set the stage for a permanent replacement.

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DRIVE OPERATIONAL IMPROVEMENT

You need to tackle inefficiencies, streamline processes and operations, improve productivity, and increase profit margins

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CHANGE MANAGEMENT

You need strong leadership to align the team around transformation while overseeing strategy, operations, and performance

Why Project Management Fails and 10 Ways a CEO Can Fix It

Why Project Management Fails and 10 Ways a CEO Can Fix It

Despite a plethora of project management software tools and project management certification programs and project management training, protocols and methodologies, there is not always project management success. Schedules slip, costs balloon, plans derail.

Cynical observers of the project management process suggest these stages of a project:

  • Euphoria
  • Disillusionment
  • Panic
  • Search for the guilty
  • Punishment of the innocent
  • Reward for the non-participants

Or so says William (Bill) Mince, InterimExecs RED Team member and Chief Operating Officer at iMedrix, the California-based maker of a mobile clinical-grade ECG device that connects to remote physicians in real time. Since his first job at 3M in the 70s, Mince has built a career focused on project management.

His passion is trying to improve the project management process across organizations. He’s even writing a book about it. Project Leadership: An Executive Handbook for Project Management Success is to be published in the fall of 2021.

He offers these 10 steps CEOs can take to help ensure the success of project management in their organizations.

Continue reading →

How Company Owners Can Still Win in the Current M&A Market

How Company Owners Can Still Win in the Current M&A Market

The COVID-19 pandemic and global economic lockdown has seen merger and acquisition (M&A) activity plummet. From $3.9 trillion in global takeovers in 2019, announced deals plunged 51% in the first quarter in the US according to Refinitiv. Uncertainties in the business and capital markets have led to buyers delaying or cutting back on their acquisition plans. But with crisis comes opportunity. Those able to navigate the new risk landscape may find compelling deals on the other side of the pandemic. Now more than ever, expert help with strategic planning, modelling out “what if” scenarios when the world frees up from lockdown, and preparing better for post-acquisition merger integration can help owners succeed in acquiring or being acquired.

Continue reading →

RED Team Members Publish Book On Interim Leadership

RED Team Members Publish Book On Interim Leadership

Congratulations to InterimExecs RED Team members Damon Neth, Bill Mince, and Jim Treleaven on the publishing of their new book, X-Formation. Damon, Bill and Jim made a conversation we had a few years back into a reality, combining their expertise to create the comprehensive book on the unique makeup of interim leaders and how they transform companies and bring incredible results to organizations worldwide.

The InterimExecs team added insights on finding, assessing, and engaging interim executives, drawing from years of matching companies with interim leadership. Check out X-Formation on Amazon here: http://a.co/3S42UdS!