Results oriented senior financial executive with experience in finance(IPO's & debt), accounting, SEC reporting,investor relations, strategic planning, acquisitions,re-engineering, benchmarking, EVA, e-business transformation, budgeting, forecasts, information and planning systems, and international business. Broad industry knowledge specializing in high growth situations. |
CHIEF FINANCIAL OFFICER
International/Hi-Tech / Communications / Consumer Products /Manufacturing
Certified Public Accountant (CPA)
MBA - International Business Concentration
Certificate of International Business, Thunderbird
Major Strengths:
· Strategic Planning and Development
· Start-up and Fortune 500 company experience
· Mergers, Acquisitions and Divestitures
· Reporting: Management, SEC and Presentations
· e-business applications, (CRM, ERP)
· Budgeting, Forecasting and Cost Management
· International Business
· Financial Analysis, Modeling, Problem Solving
· Financing: IPO / Debt / LBO experience
· Benchmarking and Reengineering
Results oriented senior financial executive possessing broad industry knowledge specializing in start-up, high growth and turnaround situations. Excellent organizational, team building, communication and analytical skills.
PROFESSIONAL EXPERIENCE:
MGE/UPS SYSTEMS, Costa Mesa, California 1999 to 2001
Chief Financial Officer, Member of Parent Company Board of Directors
Reporting to CEO, responsible for leading all America’s Group ($275 million) Financial, Information Systems, Legal and Risk Management activities. MGE earned “Entrepreneur of the Year” Award in 2001.
MGE America’s Group experienced explosive growth and improved shareholder value by over $400 million during my time as CFO between 1999 and October 2001. During this time, revenues increased 150 percent from $110 million to $275 million and operating profit increased over 400 percent to $37 million. Despite increased demands of growth, MGE completely paid off its bank debt of $25 million and paid a $20 million dividend.
Major accomplishments during this period include the following:
· Utilizing a Focused Strategic Planning Process, I worked with the CEO and transformed a small manufacturing division into a “Best in Class” growth company with an empowered and motivated team.
· Created and deployed stock ownership and Stock Appreciation Rights (SAR’s) incentive for key employees. These programs were designed to attract and retain the top talent.
· Restructured customer terms and negotiated bank lines to improve cash flow despite tight LBO constraints.
· Helped create systems to monitor and control newly created Brazil, Argentina and Mexico subsidiaries’
Performance (500 percent growth).
· By aligning IT strategy with MGE’s business strategy, the MIS department was transformed and better able to exploit the full potential of rapid changes in technology. Some of the IT related changes include:
§ Implementation of Customer Relationship Management (CRM) System to better service MGE customers. This system fully automates the Sales Administration Process.
§ Launched service dispatch and call center software automation to enhance customer service.
§ Launched Credit Management System to accelerate dispute resolution and cash collection. MGE has reduced its outstanding accounts receivable by 50 percent since its inception.
§ Created enhanced reporting and planning systems utilizing Hyperion software to better identify important value and cost drivers.
CHIEF FINANCIAL OFFICER Page 2
NEW VENTURES / START-UP COMPANIES, Irvine, California: 1996 to 1999
Chief Financial Officer; Universal Electronics, Bristol Retail Solutions, Access Television Network,
During this three-year period I was responsible for all accounting, finance and administration for two rapidly growing NASDAQ and one smaller Start-up Company having revenues of $15 million - $80 million.
· Negotiated and raised $5 million acquisition line of credit, a $1.5 million bridge loan and a $15 million working capital line of credit.
· Successfully integrated three acquisitions, doubling size of company.
· Filed IPO and other SEC registration statements (S-1, S-8, 8K, 10Q, SB-2)
TIMES MIRROR COMPANY, Los Angeles, California 1983 to 1996
CABLE TELEVISION AND NEW MEDIA GROUP
Vice President, Corporate Planning and Financial Analysis
Reporting to CEO, responsible for leading all strategic planning, forecasting, budgeting, management reporting and analysis for $500 million Cable, Communications and Media Company.
Mergers and Acquisitions
· Participated in over 40 completed transactions (acquisition, divestiture, tax-free exchanges) having an aggregate value in excess of $1.5 billion
· Analyzed all new business development opportunities resulting in formation of ten joint ventures
Strategic Planning
· Led strategic planning process bringing company from losses of $20 million into a company earning $120 million in 1994 and becoming the most profitable division at Times Mirror. Shareholder value increased in excess of $1.0 billion.
· Helped launch strategic repositioning program utilizing Value Based Planning to create one of the most highly valued cable companies in the industry.
· Utilized scenario planning and financial models to evaluate complex corporate strategies.
· Assisted Times Mirror in converting its print businesses into new electronic media including; Internet, CD ROM and Cable Programming (Developed financial plan for Outdoor Life Channel).
· Developed analysis system used to identify strategies to eliminate or lessen competitive threats.
International
· Developed international strategic plan for Cable Television Division.
· Led and participated on international acquisition due diligence teams (UK, New Zealand, Latin America).
Corporate Planning and Analysis
· Created extensive analytical internal benchmarking system, leading to re-engineering cost savings.
· Created comprehensive Executive Information and Planning Systems, which allowed senior and field management to isolate trouble spots not visible to them under traditional measurement systems.
· Developed complex acquisition valuation models that were used to evaluate hundreds of potential acquisitions in a highly efficient and cost effective manner.
· Chaired New Revenue Committee, which examined over 20 new revenue sources and identified opportunities equal to $15 million in annual incremental revenue.
· Helped benchmark and re-engineer $250 million magazine division resulting in savings of $15 million.
· Analyzed and helped develop creative pricing techniques in response to increased competition and government regulation resulting in the development of entirely new pricing strategies.
· Developed IRR based capital priority system resulting in improved control and shareholder value
CHIEF FINANCIAL OFFICER Page 3
Finance
· Worked with investment bankers, attorneys and others preparing IPO registration statement for TMCT.
· Prepared TMCT offering brochure and participated in “road show” to investment bankers and potential investors (valuation of $2.3 billion).
· Participated in all financial matters relating to $6 billion merger and spin-off (became Cox Communications, Inc.).
· Prepared spin-off analysis that would lead to increased shareholder value
· Helped construct a unique financial strategy that allowed TMCT to self-fund $100 million annual capital expenditure programs, pay parent a 50 percent dividend and build $1 billion of shareholder value.
W.R. GRACE. New York, New York 1976 to1983
Assistant Group Controller and Director, Financial Planning and Analysis
Responsible for administration of most group controllership functions, as well as all financial planning and analysis for two $250 million restaurant divisions. Prepared analysis and performed due diligence leading to the growth from one company with sales of $100 million to five companies having sales of $500 million.
Financial Planning and Analysis
· Prepared analysis and due diligence leading to the growth from one company with sales of $100 million to five companies with sales in excess of $500 million.
· Developed computerized Business Plan and reporting system (used by 325 units)
· Relocated by co. to West Coast to help establish new division financial operation.
· Initiated and developed comprehensive competitive analysis system.
· Performed pricing analysis using competitive, cost analysis, and market research data.
· Prepared analysis and accounting for consolidation of two separate companies into one efficient division yielding overhead savings of over $3 million.
· Developed site selection model.
Accounting
· Developed and published Standard Chart of Accounts and Accounting Manual.
· Integrated four acquisitions with revenues of approximately $100 million each.
· Developed working capital analysis and reporting system resulting in more efficient use of cash.
· Performed analysis and accounting for corporate split-up and spin-off of subsidiary.
· Initiated accounting changes yielding over $800,000 in additional earnings.
STANDARD BRANDS INCORPORATED (RJR NABISCO), New York, New York 1975 to1976
Senior International Analyst
Planning, operations and risk analysis for overseas operations (21 countries) of consumer product’s company.
KPMG (PEAT MARWICK MITCHELL and Co.), New York, New York 1972 to1975
Audit Senior and Computer Audit Specialist
EDUCATION AND PROFESSIONAL AFFILIATIONS
MBA and BS – Accounting, Fairleigh Dickinson University, Rutherford, New Jersey
Certified Public Accountant
Certificate of International Business, American Graduate School of International Management (Thunderbird)
Member: American Institute of Certified Public Accountants |
