Six years as CFO for an international power plant development and operating company that became public and has revenues of $2 billion. Experienced in capital raising/publice offerings, M&A, SEC reporting/Sarbanes-Oxley, financial forecasting/scenario analysis, treasury, tax, risk management and credit analysis. |
FINANCIAL LEADERSHIP
Motivated finance professional with a broad base of financial knowledge and experience. Six years as CFO for an international power plant development and operating company with annual revenues of $2 billion and assets of $7 billion. Demonstrated skills in:
Capital Raising/Public Offerings ($19 billion) Treasury, Tax, Risk Management, Human Resources, IT International Operations (10 countries) Financial Forecasting/Scenario Analysis SEC Reporting/Sarbanes-Oxley Acquisitions/Divestitures
EXPERIENCE
EDISON MISSION ENERGY, Irvine, CA 1986 2005 (A developer/owner/operator of electric power generation facilities with a trading operation in Boston and a technical/plant operations office in Chicago. Before the sale of its international assets in 2004, Edison Mission Energy also owned generation facilities in 10 foreign countries and had offices in Europe and Asia. Edison Mission Energy is a subsidiary of Edison International, which also owns Southern California Edison Company, one of the largest electric utility companies in the U.S.)
Senior Vice President and Chief Financial Officer (1999 2005) Chief Financial Officer for Edison Mission Energy and three affiliates that are also SEC-reporting companies. Led financial affairs during periods of strong growth (1999 acquisitions totaled $10 billion) and periods of asset sales and tight credit conditions. Directed the activities for accounting, tax, risk management and treasury operations. At different times, also supervised the human resources, information technology, market analysis, and office services departments. Negotiated agreements and documentation for more than 17 financings that raised $14 billion. Many of the transactions involved complex, non-recourse financing structures for subsidiary companies. Generated financial forecasts and communicated key parameters and outputs to both Edison management and investors. The companys significant exposure to fluctuating power prices required statistical analyses to evaluate earnings impact, potential collateral requirements and the impact of hedging strategies. Responded to the credit crisis in the energy industry by instituting a rigorous approach to managing cash flows, refinancing maturing debt, and ultimately selling assets to permanently reduce debt in capital structure. Sale of international businesses in 2004 for nearly $3 billion completed strategy which allowed reduction of debt and provided $1.5 billion of liquidity.
Provided leadership through committees that oversaw new investments and allocations of capital, invested pension funds, and managed the trading activities in the U.S., England and Australia. Served on the Board of Directors for a number of Edison Mission Energy affiliate companies including Contact Energy Company, one of the largest public companies in New Zealand (NZ$ 1.276 billion in revenues). Maintained effective internal controls over financial reporting (no significant deficiencies or material weaknesses found by internal or external auditors). Provided Sarbanes-Oxley certifications for the four SEC-reporting entities: Edison Mission Energy, Mission Energy Holding Company, Midwest Generation, LLC and EME Homer City Generation L.P.
Treasurer (1992 2000, 2002 2004) Responsible for all aspects of corporate finance including capital raising, interfacing with banks and other financial institutions, cash management, wire transfers and bank account reconciliations. Arranged foreign exchange hedges, developed company hurdle rates and investment guidelines, compiled long-term financial projections, and acted as the primary liaison with credit rating agencies. Elected Vice President in 1994.
Manager of Corporate Finance (1989 1992) Structured and arranged corporate and project financing activities. Managed treasury operations for a rapidly growing company.
Financial Analyst (1986 1989) Compiled financial projections and supported efforts to finance cogeneration projects using non-recourse financing from commercial banks.
FLUOR CORPORATION, Aliso Viejo, CA 1980 1986 (One of the worlds largest engineering, procurement & construction firms)
Held various positions in the venture group, marketing research, and process engineering departments. While in process engineering, spent 14 months in the field at Texaco and Tosco oil refineries.
EDUCATION
MBA, finance emphasis, Graduate School of Management, University of California, Irvine
BS, University of California, Berkeley. Major in Chemical Engineering
PROFESSIONAL RECOGNITION
Structured financings that were recognized by leading financial and industry publications: Institutional Investor recognized the $830 million Homer City financing as one of the three most noteworthy project finance deals of 1999. Infrastructure Finance recognized the £400 million financing for the First Hydro project in Wales as one of the 10 most creative deals of 1996. |