15+ Years’ CFO Experience in Capital Raising from Wall Street & Private Equity, Restructuring, Sound SEC Reporting, Acquisitions & Divestitures, Building Finance Organizations, Sarbanes Oxley Compliance, Scaling New and High Growth Businesses, Turnarounds, Board Management, Capital Markets and Corporate Treasury. |
CFO WITH 15+ YEARS
CFO/SENIOR FINANCIAL EXECUTIVE
15+ Years’ CFO Experience / Public & Private Corporations with $35 Million to $6 Billion in Revenues / High Growth & Established Companies / Start-Up Ventures / Turnarounds / Diverse Service and Product Industries /Big Four CPA & Wharton MBA
/ Capital Raising from Wall Street and Private Equity / Sound SEC Reporting / Merger, Acquisitions & Divestitures / Building Finance Organizations / Sarbanes Oxley Compliance.
EXPERIENCE AND ACHIEVMENTS
CONSUMER SERVICES COMPANY, SOUTHEAST 2000 - PRESENT
Executive Vice President and Chief Financial Officer
Top ranking finance executive for this technology-enabled consumer and business to business services company which has grown from zero to $100 million+ in system wide sales during my tenure. Built and managed all aspects of the corporate finance, accounting and treasury functions during a period of extremely rapid growth and continuous evolution of the business model.
- Created comprehensive decision support tool that enables continuous and ongoing measurement of product, channel and customer profitability resulting in timelier recalibration and reallocation of company resources.
- Led three organizational restructurings to keep pace with rapid growth and change —delivering $5+ million in cost savings through 40% reduction in overhead costs and 30% reduction in headcount.
- Raised $100+ million in equity/mezzanine funding managing all investor negotiations and guiding all due diligence.
- Built entire finance and accounting organization. Planned and executed finance strategies; identified and installed KPI measurement processes; designed and established financial controls, forecasting and reporting processes.
- Implemented and installed Oracle ERP system.
- Directed Sarbanes Oxley efforts throughout the Company.
BILLION DOLLAR + COMPANY 1999-2000
Executive Vice President and Chief Financial Officer
Senior financial officer for the largest organization of its kind in the world. Directed 120+ professionals in worldwide finance functions located in 20+ cities on four continents to include controllership, financial planning and analysis, treasury, cash management, corporate development, investment management and tax planning and reporting.
- Directed deal structuring and due diligence resulting in the acquisition of the largest company of its kinds in Canada.
- Redesigned control programs for fraud detection and protection of key corporate assets.
CONSUMER FINANCIAL SERVICES CORPORATION, Philadelphia Suburbs 1989-1999
Ten-year tenure with this $25 billion publicly-traded financial services company distinguished by performance-based promotions through a series of senior-level finance positions in corporate treasury and operational finance; retention following the sale of the Consumer Credit Cards business; requested by the Corporate Vice Chairman to become CFO of the newly established Business Services Division, a $500+ million business formed by the consolidation of the leasing, commercial credit card and insurance businesses comprising three of the four remaining business units.
Senior Vice President and Chief Financial Officer, Business Services, 1997-1999
Reporting to President, directed 100+ finance professionals in leasing, commercial credit card and insurance businesses including financial oversight of the Utah-based ILC/bank.
- Repositioned all elements of the business card economic model growing ROE from breakeven to 25%+.
-Implemented highly focused cost control program eliminating 20% of cost base for 1998-1999.
-Directed company’s first public leasing securitization raising $400 million and providing funding diversification
CFO WITH 15+ YEARS, page 2 of 2
COMPANY CORPORATION Continued
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Senior Vice President, International Division, 1997
Led a team of six specialists within a newly created division formed to leverage COMPANY’s core competencies in consumer credit cards and to build on the Company’s very successful JV with The Royal Bank of Scotland.
Vice President and Chief Financial Officer, Consumer Credit Cards, 1993 -1997
Recruited by President to lead the company’s largest division during a period of accelerated growth. During tenure, grew managed assets by 2.5 times to $15 billion producing revenue and operating profits of $2.1 billion and $350 million, respectively, resulting in the 6th largest credit card company in the U.S.
- Completely overhauled and rebuilt the financial organization in order to support the rapid growth of this business.
- Restructured portfolio resulting in more than $150 million of additional net operating profit.
- Appointed by President to serve as division leader to re-engineer the collections, credit policy and decision support functions encompassing 600+ FTEs and an annual budget in excess of $500 million.
- Played key leadership role in a variety of strategic efforts including joint ventures, strategic alliances and acquisitions and divestitures.
- Developed and implemented EVA-based decision support system that enabled the company to successfully implement risk-based pricing throughout the entire portfolio.
Vice President, Corporate Treasury, 1991-1993
Reporting to the Corporate CFO, managed the full complement of corporate treasury and capital market activities — capital planning; cash and liquidity management; corporate ALCO policy and management; investment strategy and execution; management of commercial and investment banking relationships and ongoing capital market transactions.
- Led COMPANY’s first public debt offering for its consumer bank leveraging its newly acquired investment grade status.
- Designed and directed a corporate wide program that enabled the company to obtain its first investment grade ratings from all five rating agencies saving more than $50 million annually in funding costs.
- Played key role in successful efforts that raised more than $300 million from three secondary equity offerings.
- Established $500 million revolving credit facility and company’s first medium term note program.
Assistant Corporate Treasurer, 1989 -1991
Managed all corporate finance functions. Developed COMPANY’s first long-term capital plan providing the roadmap that enabled COMPANY to reach investment grade under my leadership opening several new and less expensive funding sources to the Company. Initially hired to report to the Corporate Treasurer. In early 1991, the Treasury Division was reorganized resulting in my promotion to Vice President and head of Corporate Treasury with a direct reporting line to the Corporate CFO.
EARLY CAREER
Launched a career in finance by joining a Big Four (KPMG) accounting firm and progressed to an in-charge auditor after earning CPA qualification by passing the entire exam upon first sitting. Transitioned into the corporate sector, advancing from Senior Financial Analyst to Manager of Financial Planning (CTI), Corporate Manager of Accounting/ SEC Reporting, Assistant Corporate Controller (ARAMARK), Vice President of Accounting Policy (J.P. Morgan) and then CFO. Corporate background spans $100+ billion, global enterprises and early-stage startup ventures in the banking, insurance, leasing, consumer and business services, media and biotech industries.
EDUCATION
MBA, WHARTON GRADUATE SCHOOL, University of Pennsylvania, Philadelphia, PA
BS, DREXEL UNIVERSITY, Philadelphia, PA
PROFESSIONAL
Memberships in the Financial Executives Institute, American and Pennsylvania Institutes of CPAs.
Licensed as CPA in state of Pennsylvania. |
