SENIOR FINANCIAL EXECUTIVE
Versatile senior management professional with extensive multi-national financial experience in manufacturing and services, including 9 years with a Fortune 500 company. MBA and CPA with a proven record of accomplishment increasing enterprise value and capturing multi-million dollar savings. Public and private Board of Directors experience. Ideal candidate to develop and lead an operations-focused financial organization. Demonstrated strengths include:
- Strategic and Financial Planning
- Financial and Operational Controls
- Capital Raising and Financing
- Bankruptcy and Turnaround
- Investor Relations
- Tax Planning
- SEC/Regulatory Compliance
- International Joint Ventures
PROFESSIONAL EXPERIENCE
MISSISSIPPI CHEMICAL CORPORATION, Yazoo City, Mississippi 1998 - 2005
A $500 million, publicly held, manufacturer of agricultural fertilizers and industrial chemicals, with operations in the U.S. and Trinidad. Completed $400 million Chapter 11 reorganization and was acquired by Terra Industries, Inc.
VICE PRESIDENT OF FINANCE (2004 2005)
Chief financial executive, reporting to board of directors. Identified by board and external crisis management firm to head 27-person financial and information technology team. Charged with navigating the Chapter 11 proceeding while rebuilding the financial function and systems of the Company. Managed all financial operations including, SEC reporting, treasury, tax, investor relations, risk management, and information technology.
Negotiated and closed the successful sale of the company to a strategic buyer for more than $350 million. Managed post-acquisition transition and integration of financial operations.
Completed spin-out of $150 million manufacturing subsidiary to creditor group. Implemented new ERP system from JDEdwards to NetSuite - to support divested business in only six weeks.
Led development and implementation of a revitalized strategic growth platform built around core assets, increasing enterprise value by more than $150 million. Reduced annual corporate overhead costs more than $10 million. Improved liquidity over $25 million by improving working capital management practices.
Raised over $300 million in debtor-in-possession (DIP) financing from banks, hedge funds and private equity funds. Developed and delivered road show presentations to sophisticated institutional investors. In one case, attracted new lenders and funded loan in less than 45 days.
Managed all SEC reporting. Developed Sarbanes-Oxley Section 404 internal control documentation plan, obtaining approval by Audit Committee and external auditors.
Upgraded management reporting systems, focusing on performance metrics and forecasting. Consolidated numerous reporting formats into a concise three page analysis.
Restructured insurance programs, resulting in annual net savings of approximately $3 million.
DIRECTOR, STRATEGIC INITIATIVES & TAXES (2000 2004)
Reporting to CEO with regular board interaction, appointed to a new position charged with identifying strategic diversification opportunities. Retained responsibility for tax activities. When core business deteriorated, leading to Chapter 11 filing, assumed additional responsibility of leading operational and financial restructuring efforts.
Managed companys 50% interest in a $350 million Trinidad manufacturing joint venture. Realized exceptional returns and repaid the project financing four years ahead of schedule.
Successfully lobbied enactment of federal legislation, resulting in $40 million increased cash flow.
Built relationships in the investment community resulting in the generation of nearly $100 million of strategic investment opportunities.
Coordinated strategic reduction in force and early retirement window programs affecting approximately 200 employees. Managed defined-benefit and defined-contribution retirement plans.
Performed due diligence for multiple merger and acquisition targets.
DIRECTOR OF TAXES (1998 2000)
Senior tax executive, reporting to the Chief Financial Officer. Principal focus on strategic tax planning, transactional review, and financial reporting.
Realigned operations, generating annual tax savings in excess of $2.4 million.
Successfully closed two IRS audit cycles, producing tax benefits in excess of $3 million.
Developed and defended transfer pricing strategies, eliminating over $5 million of tax exposures.
Completed comprehensive sales and use tax review, resulting in over $200,000 in refunds.
SCHLUMBERGER LIMITED, Multiple Locations 1989 - 1998
A $10 billion, NYSE-listed, global technology company supplying products, services, and technical solutions to the oil and gas industry and numerous other industries in nearly 100 countries.
TAX MANAGER, NORTH & SOUTH AMERICA, Houston, Texas (1995 1998)
Managed all aspects of the North and South America tax, statutory accounting, and risk management functions for a technical products and services business group with revenues exceeding $1 billion.
Implemented an innovative U.S. partnership structure, resolving a critical workforce immigration issue and producing tax savings of $2.5 million.
Structured $60 million of Latin American debt and leases, resulting in $3 million tax savings.
Obtained government rulings in Mexico, resulting in tax refunds exceeding $1.3 million.
TAX COORDINATOR, NORTH AMERICA, Sugar Land, Texas (1994 1995)
Managed the North America tax and statutory accounting functions of two business groups with manufacturing, technical services, and software activities generating revenues exceeding $500 million.
SENIOR TAX ACCOUNTANT - FEDERAL, New York, New York (1991 1993)
SENIOR TAX ACCOUNTANT - STATE & LOCAL, Norcross, Georgia (1989 1991)
SOUTH CAROLINA DEPARTMENT OF REVENUE, Myrtle Beach, SC 1984 - 1989
District Audit Supervisor (1986 1989)
Auditor (1984 1986)
EDUCATION
Master of Business Administration, University of South Carolina, 1988
Bachelor of Science - Financial Management, Clemson University, 1983
PROFESSIONAL CERTIFICATION
Certified Public Accountant, State of Georgia, 1990 |
