Developing and implementing a portfolio rationalization program for a $50 billion global conglomerate that led to divestiture of several low-potential, non-performing businesses, made two strategic acquisitions valued over $7 billion, created a state-of-the-art shared services organization that reduced $375 million in annual costs across all businesses, and increased return on operating income from 12 to 27 percent over a 2-year period across all businesses.