SENIOR FINANCIAL EXECUTIVE
Turnarounds & Restructurings ▪ Integration
M&A ▪ IPOs ▪ Acquisitions ▪ Divestitures
CFO ▪ VP/Corporate Controller ▪ Big Four Accounting
Transaction Advisory ▪ Private Equity
Strategic Investor Clients ▪ Public & Private Companies
Decisive, results-driven financial executive and business strategist with 20+ years driving performance improvements within highly challenging business environments and volatile organizations. Built a track record for achieving strategic, financial and operational objectives including driving profit improvements, growing the company organically and through acquisition, improving working capital management and extracting maximum enterprise value in business combinations. Transaction leader with consistent record of divesting businesses for optimum value. Highly ethical, empowering leader who builds high performing teams and develops an environment of mutual respect and accountability. Accounting expert with versatility and strong technical skills. Additional areas of expertise:
Strategic Planning Financial Management
Modeling & Projections Team Building
Technical Accounting Dispute Resolution
Negotiations Business Development
US GAAP / IFRS / SEC Project Management
Performance Improvement P&L Management
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PROFESSIONAL EXPERIENCE
Ernst & Young, New York, NY 1999 - 2009
Executive Director
On-Call Consulting, Technical Accounting and IFRS (2008 - 2009)
Teamed with tax, HR, valuation and other professionals to provide real-time, transaction-critical accounting guidance in US GAAP and IFRS to investment bankers, internal transaction teams, attorneys and other advisors on business combinations, SEC matters, stock compensation, revenue recognition, and goodwill and intangibles impairment
Taught classes in IFRS international accounting standards
Reduced client billing cycle time by 2 weeks, accelerating collections by 1 month
Implemented controls over on-call client and engagement acceptance processes
Transaction Support, Mergers and Acquisitions Advisory Services (1999 - 2008)
Developed the firm's $100+ million sell-side service offering, related marketing materials and go-to-market strategy as a national seller support leader
Won a $20+ million arbitration settlement involving a disputed earn-out
Accelerated the transaction cycle for sell-side clients
Improved strategic and private equity buyers' decisions and transaction pricing
Uncovered potential deal-breakers in business dispositions
Trained TS professionals in engagement teams of up to 20 people
Balanced intense client needs with the firm's staffing capacity and "People First" culture
MacAndrews & Forbes Holdings, New York, NY 1987 - 1999
Acquisitive, privately held, multi-billion dollar holding company with investments in consumer products, publishing and other businesses, including Meridian Sports, a $200 million manufacturer and distributor of recreational boats and related sporting goods
Interim CFO, VP/ Corporate Controller, Meridian Sports Subsidiary (1993 - 1999)
Successfully drove the company's $30 million IPO
Developed an operations turnaround plan that increased sales five-fold and restored profitability
Saved an estimated $25 million in managing a product recall program
Realized gains aggregating nearly $20 million on the distressed sale of two subsidiaries
Aggressively negotiated a favorable resolution to a $5 million purchase price dispute, resulting in a 20% reduction in the purchase price of the business
Recapitalized the business with a $30 million initial bank credit facility
Managed a banking relationship during a fiscal crisis, repaying lenders in full
Influenced a significant cultural change from a sales focus to a profits focus
Improved accountability for working capital management at the subsidiary level
Integrated diverse financial reporting systems into consolidated reporting models
Implemented controls, which were also adopted by the corporate parent, over workers' compensation insurance claims
Reported directly to the CEO, CFO and Board of Directors
Assistant VP, Assistant Corporate Controller, Mafco Holdings (1989 - 1993)
Led staff of four in financial reporting for multiple levels of consolidation, including SEC and regulatory filings, loan compliance, and management reporting
Oversaw 40+ general ledgers maintained by ten person corporate accounting group
Filed private placement and registration statements for the issuance, and subsequent exchange offers, of seven debt securities aggregating $3 billion
Controlled financial aspects of $235 million of business dispositions
Developed carve-out financial statements and coordinated initial audits of five businesses
Salvaged a $35 million business disposition by stepping in as interim controller
Saved about $10 million by defending claims arising from a business disposition
Favorably settled purchase price disputes without incurring the time and cost of arbitration
Reported directly to the corporate controller
Director of Financial Reporting, Mafco Holdings (1987 - 1989)
Arthur Young & Company, New York, NY 1984 - 1987
Audit Senior
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EDUCATION
Lehigh University
BS, Business Administration, Major in Accounting, 1984 |
