SUMMARY
· Eighteen years of financial management experience, including treasury management, debt and equity financings, foreign exchange and interest rate risk management, insurance, tax planning, accounting and financial reporting, financial planning & analysis, and managing relationships with bank, investors, and rating agencies.
· Managed, structured, negotiated, and closed more than $1 billion in financing transactions, including private equity, bank financings, and public debt offerings.
· Managed due diligence, and negotiated bank financing for a successful $100 million international acquisition.
· Worked with S&P and Moody’s to achieve investment-grade debt ratings, and executed a refinancing that improved liquidity and reduced annual interest expense by over $5 million.
· Experienced manager of accounting, finance, and business transaction personnel with team-building experience in start-up and international environments.
PROFESSIONAL EXPERIENCE
METRON TECHNOLOGY, N. V. April 2004 – Present
Corporate Treasurer, San Jose, CA
Manage international treasury operations for semiconductor industry company operating in 20+ countries. Responsible for working capital management, bank relations, management of credit facilities, FX risk management, insurance, and cash management.
· Increased available credit lines by over $3 million.
· Reduced foreign exchange hedging costs by over $600,000 per year.
· Implemented best practice cash management controls and processes.
outstanding A/R by more than $8 million.
AERIE NETWORKS, INC. July 2000 – June 2003
Vice President and Treasurer, Aerie Networks, Inc./Ricochet Networks, Inc., Denver, CO
Managed all finance, treasury, accounting, and risk management functions for a Denver-based wireless Internet service provider.
· Negotiated and closed transactions that raised more than $140 million in private equity and bank financing.
· Negotiated with key stockholders to implement a financial restructuring that included a successful preferred stock tender offer.
· Managed the real estate team, which negotiated and closed agreements with more than thirty cities and counties to allow the deployment of wireless network infrastructure in public rights-of-way.
PG&E CORPORATION June 1991- June 2000
Chief Financial Officer, PG&E Corporation Australia, Brisbane, Australia
Managed all finance, treasury, accounting, IT, and administrative functions for an Australian natural gas pipeline, which was acquired by PG&E in 1996.
· Assembled a bank group, and negotiated and closed a $100 million acquisition loan.
· Established offices in Brisbane, Sydney, and Perth, and built the finance team from the ground up.
· Managed the development of corporate structure, currency risk management strategy, and funding strategy to minimize currency exposure and maximize after-tax returns to the parent company.
· Developed and managed the accounting and management reporting systems, the IT and communications infrastructure, and the international treasury function.
· Managed due diligence, financial analysis, tax structuring, and financial engineering for several potential acquisitions.
Assistant Treasurer, Pacific Gas Transmission Company, San Francisco, CA and Portland, OR
Supervised the treasury department of a wholly owned $1.2 billion natural gas pipeline company.
· Managed financial planning and analysis, cash management, bank and investor relations, debt compliance, interest rate and liquidity risk management, and customer credit.
· Orchestrated a refinancing that saved over $5 million per year.
· Managed the company's $600 million initial public debt offering. Developed its refinancing strategy, prepared presentations to the board, managed relationships with rating agencies and banks, negotiated underwriting and distribution agreements, and managed the preparation and filing of SEC registration documents.
· Worked closely with ratings agencies to achieve investment grade debt ratings and to subsequently improve ratings from BBB+ to A-.
· Dramatically improved the company’s liquidity by recommending and establishing a $200 million commercial paper program.
Manager, Corporate Development, PG&E Corporation, San Francisco, CA
Developed and analyzed business initiatives, developed business plans, and educated senior management about business opportunities.
· Managed project teams to evaluate, develop, and implement business initiatives.
· Evaluated, structured, and negotiated deals with third parties to leverage PG&E’s existing assets and core competencies, with a focus on telecommunications.
· Worked with legal and regulatory experts to develop strategies to leverage utility assets.
Manager, Financial Management, PG&E Corporation, San Francisco, CA
Worked closely with the CEO to develop and implement business initiatives and financing strategies.
· Prepared recommendations and presentations for senior management and the board.
· Managed special projects, including the analysis of financing alternatives, buy/sell decisions, proposed transactions and other strategic options.
· Coordinated with PG&E senior management and business unit managers to implement business and financial initiatives.
Financial Analyst, Pacific Gas Transmission Company, San Francisco, CA
· Developed and maintained complex financial models, including short-term and long-term business planning models.
· Analyzed the applicability of FASB standards, and made recommendations for appropriate accounting policies.
· Analyzed the company capital structure and financial risk profile, and made recommendations that were subsequently implemented.
· Managed the execution of a successful interest rate swap program, and managed the interest rate risk on a $710 million project finance facility.
TRANSAMERICA REALTY SERVICES, San Francisco, CA November 90 - May 91
Senior Accountant (temporary assignment)
· Consolidated the financial statements of several subsidiaries and joint ventures.
· Prepared subsidiary general ledger through financial statements.
ACCOUNTANTS-ON-CALL, San Francisco, CA July 90 - November 90
Performed treasury analysis, financial analysis, and accounting functions.
AMERICAN GOLF CORPORATION, Santa Monica, CA Sept 85 - Feb 90
Assistant Treasurer
Performed financial reporting, budgeting, and cash management at American Golf Corporation, a $200 million (revenues) company.
· Supervised employees in treasury and budgeting functions.
· Produced pro forma financial statements and cash flow forecasts for four corporations, fifteen partnerships, and potential acquisitions.
· Improved financial reporting formats to make them more useful to management.
· Wrote the budget manual, and implemented improved budgeting processes for 120 locations.
· Implemented cash concentration and investment strategies that reduced uninvested balances by $1 million, and increased interest income by more than 20%.
Accountant
Prepared general ledger through financial statements for eight golf course and country club properties. Was promoted to Assistant Treasurer after six months of employment.
EDUCATION
University of Michigan – Bachelor of Arts Degree, 1984 – Majors in Political Science and Psychology. Studies included courses in economics, statistics, and intermediate and advanced accounting.
Chartered Financial Analyst (CFA) designation awarded September 15, 1990 – Successfully completed the three-year study program and examination process that covers financial analysis, accounting, corporate finance and investment management. |
