Executive Profile
VP Finance / Chief Financial Officer
Strategic, creative and driven VP Finance / Chief Financial Officer with a broad based background who uses entrepreneurial drive, IT and financial expertise and team motivation to achieve dramatic corporate turnarounds and spur startups to rapid growth. Dynamic team leader who works well in the boardroom, on the floor or in the field and consistently motivates employees to perform above goals. Demonstrated track record of growing earnings, improving cash flows and developing a strong team. Specialize in assessing organizational strengths, finding improvement opportunities and mobilizing resources to enhance business practices, financial performance and shareholder wealth.
Areas of Expertise
P&L Management • Create / Improve / Standardize Processes • International • Cost Reduction / Control • Performance Based Management • Increase Sales • Sarbanes-Oxley • Team Building / Empower Staff • Creative Problem Solving • Develop and Analyze Budgets • Strategic Planning / Development • Supplier Management • Application Technology
Selected Highlights
- Increased productivity 40%, operating income by more than 700% and sales by 30% on a $750 million budget [Exelon Energy]
- Turned around a $5 million annual loss multi-facility operating company to annual pre-tax profits of more than $30 million in 2 years [Exelon Energy]
- Grew store base by 100% after assuming leadership of Operations team in rural North Dakota communities while also increasing quality of customer service by more than 50% in less than six months [Verety, LLC]
- Designed, developed and implemented an in-house forecasting and billing system to accurately manage energy transactions for over 5000 customers replacing a manual, spreadsheet system [Illinova Energy Partners]
- Decreased receivables 30% in two months by developing new collection strategies [DCA]
Professional Summary
VERETY, LLC, Oak Brook, Illinois • 2006 - 2007
Remote order-taking business for the quick service, drive-through restaurant industry to enhance accuracy and speed of transactions. Annual revenues of over $1 million. Clients include McDonalds Corporation.
Vice President of Operations and Chief Financial Officer
Report to the CEO directing business operations, financial reporting,planning and analysis, forecasting, HR, quality and policy development. Manage 160 staff members through five direct reports. International experience.
- Developed financial model to raise capital facilitating an increase in company growth of over 80%.
- Selected to lead and integrate business activities and drive growth and profitability.
- Designed and implemented process improvements that reduced cash requirements by $400K/month.
- Increased customer satisfaction by 50% and reduced employee turnover by 40% via creation of an Agent Incentive Plan which aligned agent performance and customer KPIs.
EXELON ENERGY COMPANY, Westchester, Illinois • 1999 - 2005
$750 million retail energy marketing company servicing commercial and industrial customers.
Vice President and General Manager (2002 – 2005)
Appointed to streamline operations, turn around financial position and set-up future growth. Maintained full P&L responsibility for $750 million subsidiary of Exelon Corporation and managed over 60 professionals through nine direct reports including Marketing, Sales, Customer Service, IT, HR, Supply Procurement and Finance.
- Established and implemented a three-year business plan that increased sales 30%, decreased operating expenses 40%, and substantially improved shareholder value for parent company.
- Increased cash flow by $45 million and decreased Days Sales Outstanding over 150% in less than 3 months by introducing major system improvements.
- Created and implemented a comprehensive Risk Management Policy reducing exposure to market and volumetric risk.
- Selected to participate in the Exelon Leadership Institute and Mentoring programs, a high potential program for Company officers where action plans were developed and presented to the CEO addressing the 6 highest priorities identified by the CEO of Exelon Corporation.
Director of Financial Planning and Analysis (2000-2002)
General Manager, Customer Service and Billing (1999-2000)
ILLINOVA ENERGY PARTNERS, Oak Brook, Illinois • 1997 - 1999
A $150M regional energy retail services company. Subsidiary of Illinois Power Company.
Managing Director of Operations
Reporting to the VP, Midwest region, managed eight direct reports. Accountable for Supply Procurement, Customer Operations, Finance, Accounting, and IT system development.
- Assisted with creation of a $150M start-up entity for Illinois Power which provided significant revenues supported Illinois deregulation and aided in managing overall Risk portfolio.
- Successfully established all credit, financial and accounting processes for Corporate and Regional Office.
DIALYSIS CENTERS OF AMERICA, INC., Chicago, Illinois • 1996 - 1997
Venture Capital Healthcare Corporation that purchased physician-owned centers integrating back-office, supply procurement and operating processes to maximize profits.
Controller
Recruited to manage cash receipts and past due billings. Led staff of five professionals. Coordinated annual budget process for $90 million company and assisted in the financial analysis of five facilities acquired in three months.
EMPRESS RIVER CASINO CORPORATION, Joliet, Illinois • 1992 - 1996
Locally owned, start-up riverboat casino organization that returned initial investment within 6 months.
Director of Accounting
Managed over 35 staff and accounting operations for four companies, including SEC and internal financial reporting, cash management, accounts payable, audit and tax. Directed the five-year Business Plan enabling management to obtain $50 million for financing expansion resulting in expansion into the Indiana market. Led annual budgeting process for 26 departments.
AUCHAN/CUB FOODS, Woodridge, Illinois • 1988 - 1992
French Hypermarket start-up venture in Illinois with annual sales over $45M.
Store Controller
Responsible for oversight of all financial activities for a $45 million international business. Participated in strategic decision making for commercial operations, information systems, management control and human resources. Directly responsible for conversion of manual financial system to on-line at a savings of $175,000 annually. Instrumental in directing operations that increased cash flow ten-fold.
Education
Master of Business Administration, Finance
DEPAUL UNIVERSITY, Chicago, Illinois
B.S., Accounting, Business Information Sequence, Minor, Business Administration
ILLINOIS STATE UNIVERSITY, Normal Illinois |
