The candidiate has substantial experience as a financial executive, leading highly regarded financial service companies through challenging circumstances and important strategic initiatives. As a CFO he has provided leadership through IPO's, mergers, acquisitions, capital raising, financial distress or management transitions. |
The Candidate
CHIEF FINANCIAL OFFICER
PRIVATE TURNAROUND MANAGEMENT AND FINANCIAL CONSULTING FIRM 2005- Present
Turnaround Consultant/Interim Executive Officer
Seasoned financial executive providing turnaround consulting and interim management to a variety of firms dealing with financial distress, regulatory issues, capital raising or management transitions. Representative positions:
Chief Restructuring Officer, Private Company, a leading shipbuilding, repair and services businesses in Chapter 11. (2009-Present)
Acting President and Chief Financial Officer of start-up insurance company. (2008-2009)
Advisor to distressed specialty finance company and insurance agency business. (2008)
Advisor to hedge fund in connection with distressed portfolio company. (2008)
Interim Chief Financial Officer for the largest U.S. manufacturer of aluminum/vinyl windows in crisis. (2005-2006)
Chief Financial Officer of start-up reinsurance and alternative risk company. (1989-1999)
PUBLICLY TRADED REINSURANCE COMPANY 2002-2003
President and Chief Executive Officer
Chief Executive Officer leading the initial public offering of the Company.
Led the company through the initial public offering process including the development of stand-alone financial statements, a new business plan, aggressive expense reductions, the formation of tax-efficient corporate structure, receipt of regulatory approvals, and IPO investor road show.
Hired new executive management team, reduced headcount from 250 to 175, leased new office space and instituted new financial reporting processes.
The company raised over $1.0 billion in public offering of common stock, private placement of equity securities and hybrid equity units in the midst of turbulent financial markets.
PUBLICLY TRADED SECURITIES BROKERAGE FIRM
1999-2002
Executive Vice President and Chief Financial Officer (1999-2001)
Executive Vice President, Director of Strategic Development, Office of the President (2001-2002)
Senior financial executive of one of the largest publicly traded full service securities firms in the U.S.
Key participant in $620 million acquisition and integration of [regional brokerage firm].
Key participant in financial team executing merger of [this Company] with [Large International Financial Services Firm]
Responsible for financial reporting for combined company including broker dealer, investment banking, capital markets and asset management businesses.
Initiated development of counterparty risk management system for capital markets repo and reverse-repo book.
Led project to evaluate alternatives and commence implementation of enterprise reporting system.
PUBLICLY TRADED REINSURANCE COMPANY
1996-1998
Executive Vice President and Chief Financial Officer
Senior financial executive of publicly traded reinsurance company.
Responsible for oversight of $1.9 billion investment portfolio, including asset allocation recommendations to the Board and review of independent investment managers performance.
Achieved ratings upgrades from major rating agencies, strong earnings growth and 50% stock price increase.
Led several strategic investments; a Lloyds managing agency, a fixed income investment manager and an international reinsurance broker.
LARGE PUBLICLY TRADED FINANCIAL SERVICES CONGLOMERATE
1990-1996
Vice President and Treasurer (1994-1996)
Responsible for all treasury and capital markets activities for financial services holding company and subsidiaries.
Led finance/treasury team in numerous strategic transactions, including $4.8 billion purchase of [Target Company] insurance operations, IPO of property casualty insurance unit and tax-free spinoff of medical insurance unit business.
Raised over $4.6 billion in 26 separate public debt financings for the Company and its subsidiaries.
Responsible for firm wide asset-liability and interest rate exposure analysis and oversight of corporate insurance purchases.
Chief Financial Officer [Property/Casualty Insurance Subsidiary] (1992-1994)
Senior financial officer of the property/casualty insurance operations.
Modernized accounting and financial processes and upgraded financial controls.
Key participant in ultimate acquisition of [Large Publicly Traded Insurance Company], including due diligence investigation, transaction execution and initial budgeting and cost cutting initiatives.
Vice President Head of Finance Group/Financial Planning & Analysis (1990-1992)
Responsible for financial management and Board reporting for all business units.
Led annual firm-wide financial budget process and monthly review of business unit operating performance.
Responsible for management and disposition of non-strategic investments; corporate assets, discontinued operations, excess real estate, $300 million LDC debt portfolio, and 124 environmental contamination sites.
PUBLICLY TRADED INVESTMENT BANKING FIRM 1985-1990
Vice President Mergers and Acquisitions Department (1989-1990)
Vice President Merchant Banking/Principal Investment Group (1986-1989)
Associate (1985-1986)
Involved in wide range of financial advisory assignments including hostile takeover defenses, acquisitions and divestitures across varied industries.
Responsible for the execution of leveraged buyout investments and bridge loan transactions using firm capital.
EDUCATION
HARVARD UNIVERSITY, Graduate School of Business Administration MBA
1983-1985
STANFORD UNIVERSITY -- BA, Economics
1975-1979 |
