MICHAEL J.

FESTO
70 Remsen Street, Apt 4H
Brooklyn, NY 11201
917 558-7594 (C) 718 852-8215 (H)
mf7ef7a4@westpost.net
HUMAN RESOURCES EXECUTIVE
International Restructuring IPOas
Operations Organizational Development M&A
PROFESSIONAL EXPERIENCE
AMERICAN INTERNATIONAL UNDERWRITERS (AIG), New York, NY 2001- Present
$20 billion subsidiary of American International Group (AIG) providing property
and casualty insurance to 83 countries outside the United States.
Senior Vice President, Human Resources
a Managed and directed the human resource function for an employee population of
21,000. Supervised a global staff of 40 human resource professionals emphasizi
ng employee development, training, succession planning, recruitment and performa
nce management.
a Directed human resources for operations in the United States, the Far East, So
uth America, Europe, South East Asia and the Caribbean.
a Developed a performance management and incentive program that linked company a
nd individual performance.
a Designed comprehensive incentive plans for executives worldwide.
a Saved $1 million annually by re-engineering the companyas expatriate and third
world country national program.
a Developed competency models to assist in the selection and development of tale
nt for key positions.
INDEPENDENT CONSULTANT 2000-2001
a Assignments included executive compensation, organizational development, team
building and acquisitions.
a Designed and launched startup human resource functions and other human resourc
e related projects.
a Clients Included: Alghanim Industries (Multi-national conglomerate involved i
n banking, electronics, auto sales//leases and manufacturing); Market Axess ( H
i-tech, hi-growth electronic trading platform for fixed income securities); Gre
enpoint Financial (Banking and Consumer Finance).
CONTIFINANCIAL CORPORATION, New York, NY 1995a'2000
Diversified $10+ billion public consumer finance company, composed of multiple d
omestic operating subsidiaries employing 7,500 employees
Senior Vice President, Human Resources
a Served as a Board Director of several subsidiary companies.
a Developed S-1 and S-3 proxy materials and benefit plan summaries for $150 mill
ion 1996 IPO.
a Managed the human resource issues in all acquisitions. Identified management
talent, cultural and organizational issues and solutions in order to integrate n
ew companies into the organization.
a Created an efficient and responsive human resource function which aligned the
function with line management's interests.
a Designed all incentive compensation and long term stock programs; executed SEC
and management reporting.
a Developed a management succession plan which included core competencies for po
sitions. Conducted employee evaluations and management training for improved pe
rformance, development and retention of key talent.
a Addressed various reduction-in-force, retention and organizational design issu
es as a result of the need to restructure and refocus the business into a leaner
, more efficient organization.
a Designed and implemented a common company-wide employee benefit and payroll pl
atform which saved the organization in excess of $4.0 million the first year and
produced positive employee relations.

a Instrumental in growing public company from inception through recruiting/retai

ning quality employees.
a Saved $6.5 million in two years by revamping companyas benefit plans.
a Created an Employee Savings Plan with a 401(k) feature. Managed a $23.0 milli
on plan through Scudder Investment Services with employee participation at 93%.
CONTINENTAL GRAIN COMPANY, New York, NY 1974a'1995
Diversified $13 billion agribusiness concern employing 12,000 with operations in
the United States, Europe, Far East, South America, Africa and the Caribbean
Vice President, Human Resources (1989a'1995)
Supported World Milling Industries ($1.11 billion) & Financial Services ($2.01 b
illion) which directly employed 3,500 employees in six divisions worldwide and 2
,000 employees through joint ventures.
a Managed training and development, labor relations and employee relations. Eva
luated and recommended compensation, employee relations and employee benefit pro
grams.
a Managed the integration and organization development of a new animal health bu
siness by merging the acquired company with the existing business, spinning off
selected business segments.
a Planned, designed and delivered strategic planning programs to divisional mana
gement teams to focus their efforts on business and growth opportunities
a Negotiated the successful dissolution and restructuring of a master labor agre
ement with the Federation of Grain Millers, resulting in substantial cost reduc
tions and more favorable management rights
a Led a company wide effort to evaluate employee attitudes and identify cultural
issues, resulting in a training strategy that led to the implementation of basi
c management skills courses and formalized career and succession planning
a Saved in excess of $300,000 annually in the Caribbean by negotiating agreement
s with labor unions.
a Redesigned various sales commission and performance evaluation programs
Corporate Director, Compensation (1982a'1989)
a Designed the financial, administrative and policy elements of the Company's in
ternational, domestic and executive compensation programs covering 4,000 employe
es.
a Supervised the human resource data and payroll systems.
a Developed the first incentive compensation plan for Corporate staff executives
.
a Designed divisional incentive plans linked to business objectives, strategy an
d individual performance.
a Developed the Company's first International Human Resource Expatriate Policy M
anual
a Designed an executive performance appraisal program which incorporated objecti
ves, strategic business planning and human resource development measurement fact
ors.
Personnel Manager, Arnold Bakers, Oroweat Foods (1977 a" 1982)
Held a variety of human resource generalist and labor relation roles for this $4
00 million, ten location consumer product subsidiary of Continental Grain Compan
y.
Human Resource Generalist. Continental Grain, Corporate Staff (1974 a" 1977)
Assignments in recruiting, training, wage and salary administration and employee
relations
EDUCATION
Long Island University School of Human Resources, New York, NY
MA, Psychology, Industrial Relations, 1976
Cathedral College, Douglaston, New York, NY
BA, Psychology, 1974