RYAN MEYER
CFO / COO
Hammit, Inc.
When Ryan Meyer arrived at Hammitt, the company was at a critical inflection point. After years of spending with little efficiency and no profitability, Hammitt needed to make drastic changes, with hopes of both surviving and thriving in a challenging economy.
Over the past two years, Meyer has designed and implemented a thorough paradigm shift that has allowed Hammitt to hit reset company-wide and focus on efficient, profitable growth. As CFO, Meyer has implemented new standards for formalizing sales tax reporting and compliance across all states. He has also elevated annual accounting compliance by partnering with Moss Adams for independent audits and Cohn Handler Sturm for tax filings. In addition to his work within Hammitt’s finance department, Meyer implemented a standardized budgeting process, as well as detailed period reporting for all departments company-wide. Meyer also right-sized Hammitt’s balance sheet by reducing inventory and accounts payable through holistic forecasting and data-driven demand planning. In the direct to consumer realm, Meyer streamlined Hammitt’s paid digital spend and refined the company’s strategy, resulting in increased efficiency of the ecommerce business.
Meyer’s accomplishments have also extended to Hammitt’s Operations division. After arriving at Hammitt, he efficiently transitioned the company’s fulfillment operations from a disjointed, multi-location 3PL framework to a centralized, in-house warehouse and distribution center. He also made vast improvements to Hammitt’s talent division, eliminating excess and redundant headcounts and adding experienced senior leaders to helm each department. He also formalized Hammitt’s employee review process, in addition to implementing clear compensation plans and bonus benchmarks.
