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Vertex Management Team

The Team

Ian Kennedy

Ian Kennedy

Chairman

Ian has operated independent merchant banking firms in Southern Ontario for the past 25 years and is a founding partner of Mercantile Capital Inc.

Primary activities have included financing and participating in management buyouts; strategic corporate finance counsel; acquisition, divestiture and restructuring assignments; and proprietary asset management and private equity investment.

Ian has originated, negotiated and managed multi-tiered transactions as an institutional investor, intermediary and principal. He has been an investor, principal shareholder and director in businesses across a variety of sectors including transportation, health care and power generation.

His experience as an operator, business manager, strategic investor, institutional investment manager, corporate finance intermediary, entrepreneur and principal, results in a unique capital market and operations perspective.

Ian graduated from Dalhousie University with MBA and LLB degrees and from Mount Allison University with a B.Sc. (Hons) Mathematics.

Stewart Cramer

Stewart Cramer

Chief Executive Officer

Stewart Cramer is the Chief Executive Officer of Vertex Precision. Since he joined the organization in 2014, Stewart’s focus has been on establishing a culture of continuous improvement built upon a foundation of documented and measured processes and standard work across the organization.

Prior to joining Vertex, Stewart was the president of LAI International, a group of precision manufacturing companies serving the aerospace, defense and energy markets in the United States. During his 12 years at LAI, Stewart integrated three sites into a single, centrally managed organization, and led the company through several major transactions, including a divestiture to private equity by the founding family and two acquisitions.

Through his leadership, LAI revenues grew by over 300%, while maintaining the highest levels of quality, customer service and productivity.

Before joining LAI, Stewart was an Integrated Product Team leader and Program Manager at Northrop Grumman, involved in the structural design and analysis of the F-35 airframe.

He was also a Senior Technical Specialist in Northrop Grumman’s Structures Research organization. In this role, he led a number of internally and Department of Defense funded research projects.

Stewart is on the Board of Directors of the Ontario Aerospace Council and serves as the chairman of the OAC’s Research & Technology Committee. He previously served on the Board of Governors of the Aerospace Industries Association, and was active on the AIA Supplier Management Council. He was also on the Board of Directors of the Arizona Manufacturing Council, is a senior member of the American Institute of Aeronautics and Astronautics, and was on the Editorial Advisory Board of the FF Journal.

He is the holder of two U.S. patents associated with protecting commercial aircraft from terrorist threats.

Stewart received a BS in Aerospace Engineering from the University of Arizona and an MS in Structural Mechanics from the University of Southern California.

Mark Bathurst

Mark Bathurst

Vice President of Business Development

Mark Bathurst joined the organization in 2010. In his prior role as Chief Operating Officer of Dellcom Aerospace, Mark’s focus was to strengthen Dellcom’s participation in Bombardier’s elite Five Star supplier program as well as to expand the company’s technology and processing capabilities for exceptional customer responsiveness and support.

Mark was promoted to Corporate Vice President of Business Development in August of 2015 in recognition of his outstanding skill in working with our customers to develop innovative and responsive solutions to their most critical needs.

Prior to joining Dellcom, Mark had more than 2 decades’ experience working with a manufacturer of connectors and backplane assemblies for the international aerospace, military, industrial, and gas & oil markets. His duties included developing new business representing millions of dollars in new sales, managing and improving production facilities internationally, liaising with major international clients, meeting and managing strict security requirements such as ITAR, and managing a team of marketing professionals and design engineers to ensure complex and sensitive customer technical specifications were consistently met or exceeded.

Mark continues these traditions in his current role with Vertex Precision Manufacturing. Mark attended Centennial College in Toronto and has numerous achievements and awards related to his skills development and work with international OEM’s.

Dave Saunders

Dave Saunders

Chief Information Officer

Dave Saunders joined the organization in 2013. In his initial role as Engineering Manager for Dellcom Aerospace, Dave focused on the integrity of the ERP system and established standards for the management of the site production operations within that system. He subsequently led the technical team that developed the award-winning Vertex Visual Factory ™. Dave was promoted to Chief Information Officer of Vertex Precision Manufacturing in June of 2015 in recognition of his outstanding work in developing ERP-based production solutions that have been used to drive increased throughput across the enterprise.

Dave Saunders graduated from University of Bristol (UK) in Engineering and completed a Masters Degree in Machine Design and Development at Cranfield University and is a registered professional engineer in the Province of Ontario.

Along with his strong technical and engineering background Dave has more than thirty years’ experience in the research, development and implementation of advanced manufacturing technology, equipment design and managing organizational change projects.

Prior to starting his own business, Dave previously worked for Quadro Engineering, from 1996 to 2003 in the role of Research & Development Manager, improving their existing product line, developing new pharmaceutical processing equipment and liquid mixing process systems with the launch of 6 new products.

Other positions have included Business Process Improvement Coordinator and Research Manager for Unilever’s UK Research Division in detergents, personal care and food and as a Robotic Systems Engineer for Unimation (Europe) Ltd., working on manufacturing systems in the automotive and aerospace industries.

Phil Goodman

Phil Goodman

Chief Financial Officer

Phil Goodman is Chief Financial Officer of Vertex Precision Manufacturing. He joined the organization as the CFO of Dellcom Aerospace in 2013. Phil’s focus has been to strengthen Dellcom’s financial reporting and internal systems and communication tools.

Phil was previously CFO and General Manager of a benefits consulting firm owned by a publicly traded, international insurance broker and VP Finance and Director of their US operations. He was actively involved in mergers & acquisitions, particularly in the US where he played a key role in the rapid growth of the business. After returning to Canada he took over a small family mattress manufacturing and retail operation and quickly quadrupled it in size. He was the first Canadian asked to join the Board of the International Sleep Products Association (ISPA) and soon after raised the financing to purchase the Ontario operations of an international mattress manufacturer.

Phil has provided a variety of consulting services. One assignment was interim CEO of Canada’s largest charitable gaming operation. The six-month assignment lasted four years, included raising substantial funds to buy out one of the principals, and ended with the successful sale of the business. He then became CEO of a high technology start-up based in Quebec City. The start- up was eventually sold to a public company. More recently Phil was part owner and CFO of a medium size manufacturer and distributor of bedding and linens that was facing enormous challenges from global competition – by reorganizing internal operations, restructuring bank financing, and participating in programs offered by the Export Development Corporation (EDC), the company not only survived the threat but was well positioned for future growth.

Phil is a CA and CPA and has a BA in Economics from Wilfred Laurier University.

Steven Bell

Steven Bell

Vice President of Operations

Steven Bell is a seasoned aerospace professional with experience in engineering, program management, supplier management, new product development and manufacturing. Over the course of his thirty-five-year career, Steve has worked for Boeing, Bombardier, General Electric and Messier-Bugatti-Dowty in many countries over 3 continents. As a result of his demonstrated ability to influence people towards achievement of objectives, Steven was selected by the Boeing Company as a global supply chain program manager and was dispatched to resolve critical, time sensitive engineering and manufacturing issues in global supply chain from China to Europe and North America on the 787 program.

As a Management consultant for aerospace manufacturing clients Steven has had consistent success at turning around poor performing suppliers.

With a total of 12 years with Boeing as global supply chain program manager Steven had the reputation as the go-to person for difficult, time-sensitive engineering, new product development and manufacturing issues.

While at Messier-Bugatti-Dowty as Head of North American Boeing and Military programs, Steven achieved the coveted Boeing preferred supplier (silver) award as well as negotiating multi-year landing gear contracts for F-18 Super-Hornet and V-22 Osprey programs.

At Bombardier for 16 years Steven held progressive positions from production manager through engineering manager and Dash 8 Program manager giving him an over-all company perspective that serves him well to this day.

Steven is a graduate of York University, Canadian Institute of Management and Arizona State University.