OVERVIEW
Accomplished, entrepreneurial, high-energy finance and operations executive with over twenty-five years of leadership experience in private and public companies. An innovative and persistent problem solver able to work effectively in high stress situations. A team builder and motivator with the ability to effectively manage across the entire organization. Functional responsibilities have included fund raising, business development and divestiture, strategic planning, corporate governance and internal controls, contract negotiation, SEC and other financial reporting, treasury, purchasing, human resources, facility management, and information systems.
RELEVANT EXPERIENCE
• Demonstrated ability to build solid relationships with constituencies, to effectively establish and execute financial plans, policies, controls and systems
• Experienced with raising capital (equity and debt) through private and public financings, and effectively employing that capital
• Prepared strategic and financial assessments for various business and strategic plans
• Ability to analyze, design, sell and implement necessary changes to financial and other business processes
• Evaluated, selected and implemented financial systems, including user training, network and data security and risk and contingency planning
• Developed, implemented and enhanced financial reporting processes, including manufacturing and project systems and commercial operations
• Experienced with coordination, interaction and consolidation of financial operations, both domestic & international
• Established and managed relationships with external business partners including auditors, legal counsel, bankers, and other consultants
• Significant experience in the supervision, direction and motivation of professional and administrative personnel with the ability to roll sleeves up when necessary
• Executed organizational overhaul of the annual planning and budgeting processes, procedures and software systems
• Thoroughly familiar with all aspects of public company reporting (annual, quarterly, registration, etc.)
• Experienced with expanding organizations through business development effort
• Managed the investor relation function, including coordination and preparation for meetings with analysts and shareholders
FUNCTIONAL EXPERTISE:
• Strategic planning and budgeting
• Fundraising – private and public
• Financial reporting and analysis
• Business development
• Emerging organization issues, start-ups
• Administrative functions
• Operational and financial management & restructuring
PERSONAL ATTRIBUTES
• A creative, insightful, collaborative, self motivated, hands on leader, with great integrity and sense of humor
• A demonstrated track record of success in building organizations with a blend of entrepreneurial and larger company experience
• Possess the perspective of a financially astute business leader with a solid understanding of financial statements, financial models and capital formation
• Solid understanding of the processes and issues involved in raising capital
• Strong financial and operational skills and experiences
• Experience at structuring and negotiating business and strategic alliances
• Ability to analyze complex situations, identify key issues and solve problems
• High energy, non-bureaucratic team player adaptable to new situations
• An honest and genuine individual with high ethical standards and good interpersonal skills resulting in a good reputation with constituents and co-workers
• Able to work effectively in high stress situations
• Ability to hire effectively, train and motivate
EMPLOYMENT HISTORY
10/2006 to Present
SVP, Chief Financial Officer
A privately-held development-stage biotechnology company engaged in the research and development of therapeutic products for respiratory diseases in premature infants
• Co-founder, providing financial and business leadership
• Preparation of strategic business plans and grants for funding
• Negotiations for in-license of and eventual divestiture of technology
• Coordinated fundraising efforts from venture capital, private equity and other sources
12/03 to 10/06
SVP, Chief Financial Officer
A public (OTCBB) development-stage biopharmaceutical company engaged in the research and development of therapeutic products for neuromuscular, neurodegenerative and other diseases with a focus on orphan diseases
• Assisted in negotiation of spin out to create CEPTOR
• Lead initial public offering (reverse merger w/PIPE) and multiple convertible debt offerings
o $1.5 million in bridge financing
o $13.0 million (reverse merger & PIPE)
o $2.0 million in secured convertible debt
o $3.6 million in convertible debt (2006 6%)
o $0.6 million in debt
• Provided financial leadership in multiple business development efforts
o in-license founding technology
o out-license Pan-Asia rights
o in-license ED product (unsuccessful)
o in-license additional technology
• Negotiated and administered contracts for clinical development tasks
• Established accounting, finance, HR, IT and administrative functions
• Managed investment community and shareholder relationships
5/02 to 12/03
VP, Chief Financial Officer
A privately-held leading stem cell therapeutic company focused on developing and marketing products to treat medical conditions in the inflammatory, orthopedic and cardiovascular areas
• Enhanced the accounting, finance, HR, IT and administrative functions
• Provided financial leadership in multiple business development efforts
o out-license (worldwide) therapy for cardiac indications
o out-license (Pacific Rim) therapy for GvHD
• Negotiated and administered contracts for clinical development tasks
• Closed private round of financing with existing investors
o $10.0 million
1/00 to 5/02
Senior Director of Finance and Accounting
A NASDAQ-listed, strategically-driven innovator of novel pharmaceutical and biopolymer-based products that are intended to offer new and better treatments for serious medical conditions like Parkinson's disease, cancer and diabetic peripheral neuropathy
• Coordinated multi-function redesign and significant improvement to project cost and functional budget and planning systems, enhancing timeliness and control
• Enhanced financial reporting & analysis systems and internal control procedures providing senior management and board with timely financial reporting and analysis
• Prepared for, and participated in, quarterly conference calls and coordinated the preparation and filing of SEC documents
• Developed commercial operations financial reporting systems and controls, including revenue recognition policies and accounts receivable procedures
• Negotiated equipment lease financing transactions
• Enhanced, hired and mentored financial and accounting staff
6/98 until sold in 1/00
VP, Chief Financial Officer
A privately-held, venture-backed, drug discovery company which used proprietary whole-cell high throughput screening systems to discover novel compounds of therapeutic value for a broad range of disorders including cancer and immunological, infectious and metabolic diseases and for applications in agriculture
• Established financial reporting and budgeting systems
• Developed business plans and presentations for fund raising and business development efforts
• Coordinated venture capital fund raising effort and close-out at divestiture
• Negotiated and managed the facility build out for lab and office space
7/95 until relocated in 6/98
VP, Chief Financial Officer
A NASDAQ-listed biomaterials company engaged primarily in the development and commercialization of anti-adhesion and drug delivery products
• Negotiated significant research, development and supply agreements
• Executed secondary public offering and managed investment community and shareholder relationships
o $13.4 million
• Evaluated, negotiated and implemented IT platform
• Provided financial guidance to board and senior management team
• Negotiated lease and relocated offices upon hiring of CEO
9/92 until sold in 7/95
Director, Finance & Administration, Secretary and Treasurer
A privately-held, venture-backed, start-up biotechnology company specializing in the development of innovative therapeutic products for the treatment of cancer
• Negotiated lease, coordinated design and managed build out of facility for wet lab space office space
• Negotiated and executed venture lease equipment financing transaction
• Established accounting, finance, HR, IT and administrative functions
• Executed final venture financing round prior to the sale of the company
o $2.0 million
5/90 to 9/92
Director of Finance
A successful, innovative, fast-growing international healthcare company that develops and commercializes internally-discovered and other product opportunities in North America
• Developed and implemented accounting, finance and project cost budget/planning systems
• Provided guidance and recommendations to senior management in the areas of financial planning, budgeting, project accounting and controls enhancing confidence in the function at the group (US) and corporate (Japan) headquarters level
• Hired, trained and mentored finance and accounting staff
11/86 to 5/90
Director, Financial Planning & Controller
A NASDAQ-listed provider of bio-analytical contract services, Phase I/IIa clinical trials and later-stage clinical trials management
• Designed and implemented financial reporting, budgeting and planning systems resulting in more timely financial reporting to senior management and board
• Developed project cost accounting system
• Coordinated the evaluation, selection and staffing of IT platform and function
• Assisted in the negotiation, design and build out of headquarters including office, wet lab and clinical facilities
• Integrated foreign acquisition into corporate systems
• Negotiated and executed master lease transaction to finance equipment acquisitions
9/79 to 11/86
Corporate Controller & Assistant Treasurer
A NYSE-listed national homebuilder and mortgage company
• Centralized cash management and reporting system concentrating funds for maximum value
• Selected and implemented accounting system for homebuilding company and established initial accounting system, staffing and controls for the mortgage subsidiary
• Provided accounting guidance to corporate staff and formulated accounting policies and procedures for regional accounting departments
• Assisted in the negotiation, analysis and execution of asset-based financing used to finance manufacturing plants in multiple locations
• Public Accounting – 1/76 to 9/79
Auditor with regional public accounting firms doing financial and operational audits, general accounting services and tax preparation
EDUCATION
• Loyola College, Baltimore, Maryland MBA, Finance, 1982
• University of Baltimore, Baltimore, Maryland BS, Accounting, 1976
ACCREDITATION
• Certified Public Accountant, 1976 |
