Pomona, Calif.-based Performance Engineered Products Inc. was far from the typical family-owned small business when Ann Campbell joined in January 2008. The previous controller had walked out on the company the previous week and nobody was there to train her on the system or procedures.
Campbell said she was able to close the December books in the first week with the help of the outside certified public accountant.
The long-term chief operating officer died in 2009, and Campbell successfully settled subsequent litigation with the family. The majority shareholder died in 2011, and she worked with the owner's family to buy out the minority shareholders. She was also made an officer of the corporation at the time.
In 2012, Campbell was diagnosed with breast cancer. She worked part time during treatment and then full time. In January 2013, PEP brought on contract CEO Kevin Rafferty, who worked with Campbell and plant manager Diana Krone with keeping the company "lean and mean," Campbell said.
"We worked together to stabilize the company, obtain profitability and find a suitable buyer for the corporation," Campbell said in her CFO of the Year candidate submission.
PEP was trying to figure out how to grow because sales had fallen off, so the company looked for books of business to buy. Campbell worked with the acquisition of injection molder Astro in March 2015, which increased PEP's annual sales by about 20 percent.
PEP is an injection molder with primary end markets in automotive, electrical and electronics, appliances and consumer products and aerospace.