CFO of Fortune 1000 public company, former Big Four Partner with transformational qualifications in strategic and financial planning, corporate finance and treasury, SEC reporting and compliance, investor relations, M&A, real estate and restructuring. Proven leader, business partner and team builder.
Chief Financial Officer of a Fortune 1000 public company and former Big Four audit partner with transformational leadership qualifications in the following areas: strategic and financial planning; complex corporate finance and treasury; SEC reporting and compliance; investor relations; mergers and acquisitions; real estate; restructuring. Proven leader, business partner and team builder.
SVP--Chief Financial Officer and Treasurer 2004 to present
$3 billion publicly traded (NYSE) manufacturing company headquartered in Southern California, with operations throughout the United States, Canada and Mexico.
? Managed complex capital structure with over $400 million of debt.
? Track record of successful transactions to raise debt and equity capital.
? Reduced annual operating expenses by $160 million over five year period, shuttered more than a dozen plants and shed non-core underperforming operations.
? Successfully negotiated sale of remaining core businesses to private equity and strategic buyers.
? Senior Vice President-Chief Financial Officer and Treasurer (2008 to 2010)
(Currently serving as a consultant to the Fleetwood Liquidating Trust)
? Senior Vice President-Chief Accounting Officer (2006-2008)
? Vice President-Controller (2004-2006)
Responsibilities and accomplishments:
? Lead treasury, investor relations, risk management, SEC reporting, financial planning, accounting and tax functions.
? Regularly briefed Board of Directors and serve as primary liaison to audit committee.
? Chairman or key member of executive, retirement, IT, deferred compensation and SOX committees.
? Served as CFO and board member for 50 plus subsidiaries, including captive insurance company.
Strategy and Development:
? Selected and partnered with large financial institution to develop income generating finance subsidiary.
? Negotiated contracts to initiate new profitable business line.
? Successfully executed sales of several underperforming operations.
? Reduced finance related corporate headcount by one-third to 40 associates from 2007-2009.
Capital Structure and Investor Relations:
? Negotiated and managed multiple refinancings of a $190 million syndicated revolving credit facility.
? Closed exchange offer to restructure $100 million of publicly-traded senior subordinated debt during peak of the financial crisis.
? Raised over $100 million in private and public equity offerings, primarily to existing shareholders.
? Generated over $50 million of proceeds from sale of excess real estate and $20 million in a sale-leaseback of the corporate facility to improve liquidity.
? Managed investor relations program, annual report, quarterly investor conference calls, news releases and road shows.
Financial Planning, Reporting and Compliance:
? Implemented scorecards, cut month-end closing period by half, revamped and streamlined management and board reporting.
? Successfully navigated first time through implementation of Sarbanes-Oxley and built subsequent infrastructure and processes for ongoing compliance.
? Partnered with IT organization to optimize IT finance infrastructure, strategy and budget; successfully converted to JD Edwards ERP solution.
? Directed company and Board through Chapter 11 bankruptcy process.
? Successfully obtained new senior debt facility.
? Negotiated divestitures of three remaining operating businesses.
? Sold or liquidated remaining corporate assets and commercial real estate.
? Managing Director, Audit Practice
Arthur Andersen 1987-2002
? Audit Division Head, Audit Partner (2001-2002)
? Audit Partner (1999-2001)
? Audit Manager (1991-1999)
? Audit Senior/Staff (1987-1991)
Broad range of audit, internal audit, consulting, mergers and acquisitions experience in public accounting for over 16 years. Advised companies and audit committees regarding accounting issues, corporate transactions, public offerings, IPOs and financial reporting matters.
Represented public and private corporations and financial institutions, as well as emerging-growth companies and start-ups in a variety of industries, including Financial Services, Manufacturing, Aerospace, Technology and Hospitality.
B.A. (Honors), Accounting and Finance 1987
Certified Public Accountant, State of California
Associate of the Institute of Chartered Accountants in England and Wales