SUMMARY:
Experienced and conservative CFO with vision, an entrepreneurial spirit, and a solid understanding of business. Capable of leading and negotiating at all levels of the organization with good intuition, strong analytical skills, and a broad based financial and legal background. Proven track record of successful execution of M&A transactions, S-1 filing experience and ERP implementation.
EXPERIENCE:
Worldwind Entertainment, Beverly Hills, CA and Long Island City, NY June 2005 to Present
Chief Financial Officer and Head of Finance and Administration
Responsible for Finance/Accounting, Treasury, Tax, Legal and HR activities for media production services company involved in television and film productions.
Primary oversight responsibility for $30M revenue television project in NYC requiring coordination, management, housing and transportation for more than 200 foreign and domestic employees.
Managed contract negotiations related to network (PSA), studio, set construction, props, and satellite and DSL broadcasting service requirements.
Led negotiations and successfully closed the sale of a blockbuster television project to a foreign network. The sale resulted in a substantially larger profit than originally anticipated, and the assignment and release of $3M+ in Worldwind obligations.
Candescent Technologies Corporation, San Jose and San Mateo, CA 2000 to Present
Chief Financial Officer and Vice President of Finance and Administration 2002 to Present
Primary oversight responsibility for Finance/Accounting, HR, IT and Facilities management, for up to 400 employees, while serving as a member of the Board of Directors and Trustee of the Company's 401K plan.
Manage relationships with institutional debt and equity investors ($650M), law firms, audit and tax providers, financial advisors, banking principals, equipment lenders and real property lessors
Evaluate various financing/investing, capital structure, risk management and capital raising transactions including numerous M&A, licensing, partnership and joint venture proposals, involving the negotiation of equity interests/splits, royalty rates, continuing obligations and other deal terms.
Developed and implemented strategic shift from manufacturing to licensing/sale business model and associated burn rate reduction in excess of $50M per year.
Led negotiations and closed the sale of substantially all of Candescent's assets to Canon Inc.
Generated alternative bids from Hitachi and Samsung and managed the sale and auction process through a Chapter 11 Bankruptcy proceeding in the U.S. and a Scheme of Arrangement in Bermuda.
Process will result in the restructuring of $350M in convertible debentures.
Negotiated settlements with lessors and other creditors resulting in savings in excess of $30M. Led the in-house environmental closure of a 40,000 square foot clean room space and early termination of 385,000 sq. ft of office and fab. space.
Negotiated $25 million in settlements with various secured lenders including Comdisco, Transamerica, Finova and GATX resulting in a 29% discount to the outstanding principal balance.
Director of Corporate Planning, Treasury and Tax 2001 to 2002
Directed financial planning process for 400+ employees, $100M annual budget, including: (i) strategic long-term plan; (ii) bottoms-up annual operating budget and quarterly forecasts; and (iii) monthly operating performance to budget evaluations with Exec. Committee, Audit Committee, VPs and Directors.
Participated in the design and implementation of the companys Oracle ERP platform.
Actively participated in the companys attempted IPO, including investment banker selection, due diligence, and the S-1 registration statement drafting and filing in early 2001.
Manager of Corporate Planning 2000 to 2001
Reviewed weekly status reports and monthly close activities with accounting; reviewed and participated in preparation of 10Qs and 10Ks for bondholders; and participated in all Audit Committee meetings.
Participated in preparation of the annual budget and Budget Management Committee Meetings.
Approved all expenses in excess of $2,000 consistent with departmental budgets.
Merck & Company, Inc. Whitehouse Station, NJ 1997 to 2000
Treasury Manager: Responsible for Global Capital Market Activities 1998 to 2000
Represented Treasury on various proposals involving capital investment, debt issuance, leasing, structured products and treasury stock policy. Evaluated economics and periodically presented findings to the AT, Treasurer and the CFO.
Coordinated various projects with: (i) bulge bracket investment banking firms; (ii) senior domestic and international tax planning depts.; (iii) accounting standards and audit depts.; and (iv) corporate legal dept.
Actively managed $6B in fixed income portfolios of various durations benchmarked against ML Indices.
Developed, evaluated and executed leveraged financial transactions including the use of derivative products to hedge interest rate risk, minimize credit and F/X exposure and enhance portfolio yields.
Senior Financial Analyst 1997 to 1998
Developed models for special projects to calculate NPV of new and existing drugs in product pipeline.
IBM Corporation San Jose, CA
Financial Analyst and Tax Specialist: Intern May 1996 to September 1996
Evaluated product flow to minimize manufacturing cost based on labor rates, taxes and service charges which achieved annual savings of more than $50M.
Developed strategic criteria to evaluate proposed manufacturing sites and perform financial analysis.
Assisted in the creation of a multi-billion dollar divisional foreign exchange risk management policy.
Fourth Dimension Work Systems, Inc. Canoga Park, CA
Financial Planning Coordinator/ Financial Analyst 1992 to 1995
Managed bottoms-up budget process, including monthly, quarterly, annual and long range plans.
Implemented JIT processes, enhancing cash flow and reducing obsolete inventory write-offs by 35%.
Entered into long-term raw material contracts resulting in a 19% reduction in material costs.
Responsible for negotiating and maintaining GSA contract
HONORS & ACHIEVEMENTS:
Received highest ratings and performance awards each year at Candescent
Received highest rating, Top Performer, each year at Merck
Recipient of 1998 CFO Option Award (Merck) and 1999 Board of Directors $10K Cash Grant (Merck)
Received pick of IBM new hire MBA opportunities in 1997 based on performance at 1996 internship.
Member of Financial Executives International (FEI).and FENG
Admitted to the California State Bar and Current Member of the California Bar Association.
Licensed California Real Estate Broker.
EDUCATION:
Carnegie Mellon University Pittsburgh, PA
Master of Science in Industrial Administration (MBA), Concentration in Finance and Strategy
Pepperdine University School of Law Malibu, CA
Juris Doctorate, Concentrations in Corporate Law and Securities Regulation
University of Southern California Los Angeles, CA
Bachelor of Science in Business Administration, Concentration in Finance
References available upon request |
