Chief Financial Officer 1991 to 2002
Directed financial and administrative operations of venture capital backed management company and subsidiaries. Collaborated with senior and executive management on strategic plans, goals and objectives. Advised and reported to Board of Directors on financial, strategic and shareholder issues. Managed relationships with lenders, commercial bankers, investment bankers and strategic partners. $1 million department budget.
Representative Accomplishments:
Instrumental in transitioning company from family run business through venture capital backed company to two independent companies under new ownership. Facilitated significant cultural change that directly contributed to company success. Raised $2.5 million in bridge financing and $10.7 million in Senior and Subordinated Credit facilities that initiated $20 million investment in R&D subsidiary that subsequently sold for $45 million. Coordinated installation of department network and participated in selection and implementation of MRPII software application that provided integration of standalone systems. Formalized bonus program and established human resources and benefits policies. Introduced 401(k) retirement plan covering all employees that resulted in company savings of $100,000 annually. Collaborated with management and vendors to achieve 66% reduction in inventory investment and improve management of receivables and payables. Participated in manufacturing automation program that reduced direct labor costs by 50%. Launched foreign operation to penetrate international markets prior to regulatory approval of products. Structured and negotiated research, development and product license agreement valued at $42 million with an international pharmaceutical company. Raised $26 million through sale of manufacturing subsidiary to financial investors in order to retire debt and fund R&D activities. Executed $32 million product development and product license agreement with international pharmaceutical company. Negotiated sale of parent company stock to financial investors for $42 million
Senior Accountant 1987 to 1991 ERNST & YOUNG LLP, Buffalo, NY Performed audit, due diligence and other consulting services to a broad client base, including manufacturing, service oriented and governmental entities.
Staff Accountant 1985 to 1987Concurrent with Education LAWRENCE M. DOHERTY, CPA, Kenmore, NY Provided compilation, review and tax preparation services to entrepreneurial individuals and small businesses.
EDUCATION
NIAGARA UNIVERSITY, Niagara Falls, NY; 1987 Bachelors of Business Administration in Accounting Graduated Summa Cum Laude
CERTIFICATIONS
Certified Public Accountant, New York
PROFESSIONAL AFFILIATIONS
American Institute of Certified Public Accountants New York State Society of Certified Public Accountants Financial Executives International Association for Corporate Growth |