WORK EXPERIENCE
Time Domain (02/2001-present)
- Chief Financial Officer
-Ultra Wide Band wireless technology startup with pioneer patents
· Responsible for company-wide financial and IT activities
· Reduced Burn Rate by 50%
· Devised financing strategies to bridge to closing of funding round
SBC/Ameritech (09/93-12/2000)
- Chief Financial Officer, MATAV Hungarian Telephone Company (05/99-12/00)
- $1.8 Billion in revenue NY Stock Exchange listed
· Direct 900 people in the Planning, Investor Relations, Treasury, Reporting, Accounting, Investment Analysis, and Administrative functions
· Net Income growth 35%, EBIT Margin improved 130 basis points
· Best Emerging Market Investor Relations award
· Acquired 49% of wireless subsidiary for 30% below equity analyst’s valuation
· Convinced SBC to sell 30% ownership to strategic investor for $1.2B gain in June, 2000—market has confirmed wise decision
· Asked to remain as CFO subsequent to the sale
· Board Member of Wireless Subsidiary with 1.5M customers
- Deputy CFO, Teledanmark Telephone Company (01/98-04/99)
· Shortened monthly closing from 25 Business days to 4, and revised the reporting from a data-dump style to a business issue focus
· Improved domestic cash flow by $41 million by optimizing the bill generation process and the allowable credit days.
- Vice President of Finance, Long Distance Industries Services (1993-1997)
· $2.4 billion Business Unit CFO: Directed 200 people in Contract Negotiations, Account Management, Billing, Planning, Reporting, Accounting and Investment Analysis
· Full P&L responsibility for $150 million product line – reversed decline into 15%/year growth
· Successfully negotiated multi-million dollar external savings
MCI Corporation (1985-1993)
- Executive Director, Finance
· Managed the reporting, accounting and controls of $2B Consumer Division
· Analysis redirected Telemarketing resulting in 20% productivity improvement
· Reduced vendor charges by over $15 million
- Managing Director, Corporate Development
· Responsible for acquisitions, divestitures and strategic planning
· Acquired Network Management company at a fraction of Marketing’s proposal and worked with Marketing to expand capability Nationwide
· Acquired Fiber network at attractive price and tied in a $15 million/year revenue contract
MCI Corporation (1985-1993) Continued
- Director, Customer Financial Services
· Managed 100 people in collections, accounts receivable, billing and fraud
· Substantially reduced customer service workload by moving the Mid-Atlantic Division from 7th to 1st in percent of calls billed in current month
· Devised solutions to National Account issues with MCI’s billing which retained largest customer.
Wang Laboratories, Inc. (1983-1985)
- Manager, Financial Planning and Control
· Direct financial planning for U.S. Operations - $1.9 billion in revenue
· Developed a market channel profitability model which has promoted Wang’s move into alternative marketing channels
· Managed the formulation and acceptance of region revenue, expense and manpower goals
Xerox Corporation (1975-1983)
- Manager, Marketing Finance
· Performed market planning and analysis for U.S. sales operation - $4 billion in revenue, 80 branch locations and 5000 people
· Presented monthly field sales forecasts to operations and marketing vice-presidents. Developed a model to forecast sales utilizing historical trends.
· Developed comprehensive branch revenue/unit goals during major field reorganization
- Financial Operations Manager
· Financial support to regional vice president of operations
· Designed and implemented expense forecasting process
· Resolved cross-functional issues and identified financial opportunities/risks
- Region Manager, Technical Service Planning
· Developed $100 million technical service expense plan
· Created service workload model to optimize branch staffing for 2000 tech reps
· Achieved expense budget while the region moved from fourth to first in service
SPS Technologies (1970-1973)
- Senior Manufacturing Engineer
· Project responsibility for solving major corporate-wide manufacturing problems for $150 million aerospace supplier
· Prevented the closing of a metalworking plant by solving numerous disabling quality control problems. Improvements resulted in a $5 million major account sourcing approval.
EDUCATION
Master of Business Administration - Finance/Accounting
University of Michigan
Graduated with Honors /Top 5% of class
Bachelor of Science - Metallurgical Engineering
University of Pennsylvania
Senior Honor Society |
