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CFO, Treasurer, VP, SVP, EVP

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Position
CFO, Treasurer, VP, SVP, EVP
Location Confidential
Yes
Willing to Relocate
Yes
Industry
Consumer-Packaged-Goods
Function
FINANCE--CFO/Control/Acctg./Treas./Tax,etc.
Compensation
$200,000 to $400,000

Resume Summary
Senior Financial executive with track record of achievement in tax, accounting, treasury, M&A, strategy, businessdevelopment, internationaloperations, FP&A, capital markets, banking and investor relations. Large multinational experience. Record of building award-winning teams. Seeking CFO, Treasurer or senior financial management position.

Resume Body      CFO, TREASURER, VP, SVP, EVP

SENIOR VICE PRESIDENT FINANCE with high impact track record in strategic, financial and operating leadership with Fortune 500 companies in diverse industries (Avon, PepsiCo, Ford Motor). Qualifications across all corporate financial and operations finance in both domestic and international arenas. Solution-driven orientation with consistent success in optimizing operations, expanding market penetration, improving bottom line profitability and creating shareholder value in challenging environments. Strong CFO, general management, advisory, problem-solving and decision-making skills. Accomplished in due diligence, M&A and capital markets.

Highly effective critical thinker who communicates complex financial information in a clear, concise manner. Innovative and versatile team builder with very productive internal and external relationships.

FUNCTIONAL SKILLS

• Financial Planning & Analysis • Cash Management & Optimization • Debt & Equity Management
• Investor Relations • Budgeting (Capital & Operating) • Cost Reduction
• Accounting • Banking & Treasury Functions • Financial Reporting
• Tax • M&A • International Operations
• Performance & Profit Improvement • Strategy & Business Development

Start-Ups/Turnarounds/High-Growth Ventures/Fortune 500 Companies/Mergers & Acquisitions

M.B.A., Wharton School; B.S., Cornell University



AVON PRODUCTS, INC. New York, NY

Senior Vice President – Finance 2004 – 2006
Group Vice President – Finance and Treasury 1998 – 2004
Vice President – Treasurer 1994 – 1998
Assistant Treasurer – International 1990 – 1994
Finance Director and Area Controller – Asia and Latin America 1986 – 1990

Headed the financial planning and analysis, treasury, tax, M&A and business development operations for the world’s leading direct selling company with $8 billion in revenues, operations in 63 countries and 48,000 employees.

Financial Management

Financial Planning & Analysis - Led the global FP&A processes for then $5.3 billion in revenues and $0.5 billion EBT Corporation, including annual operating plans, monthly profit forecasting and capital expenditure budgets ($200 MM) review and analysis. Directed three regional financial planning directors. Introduced economic-value-added metric.

Global Tax - Directed the Corporate Tax Department. Initiated and implemented an international holding company structure, resulting in permanent 2-point reduction in effective tax rate for annual savings of $46 MM, including two significant intercompany debt push-down strategies. Closed IRS audits for eight tax years in 36 months, freeing over $100 MM in tax reserves. Effective tax rate reduced from 42% in 1998 to 24% in 2005. Negotiated $35 million in tax incentives for new R&D facility.

SEC Reporting - Strengthened financial disclosure controls as member of Certification Committee responsible for review of 10K, 10Q SEC filings and earnings releases. Responsible for and sub-certifier of financial statements relating to tax, treasury and risk management items. Wrote MD&A commentary on liquidity, capital resources and financial risk management; and financial statement notes on financial instruments, taxes, risk management and pensions. Annual presentations to Audit Committee on currency hedging, tax exposures and risk management processes.

Sarbanes Oxley Compliance - Responsible for development and management of internal controls over financial statements for Tax and Treasury items including controls over complex FAS 133 Accounting for Derivatives and FAS 109 Accounting for Deferred Taxes. Treasury Department recognized for zero ineffective internal controls in first year of Sarbanes-Oxley compliance. Experienced in FAS 141 Valuations.

Investor Relations - Assisted CEO in presentations, road trips and meetings with buy-side, sell-side analysts and institutional shareholders. Solely delivered all fixed income investor presentations. Media-trained and experienced in dealing with press.

Operations Finance - Headed Finance for Asia-Pacific Business Unit (then $450 MM in revenue and eight operating subsidiaries) and, subsequently, Latin American Business Unit ($820 MM in revenue and nine operating subsidiaries). Responsible for all financial operations, including accounting, financial reporting, budgeting, planning and finance decision-making support to SVP Business Unit Heads during high growth periods; 55% growth in revenues and 43% in EBT in two years in Asia and 48% growth in revenues and 89% in EBT in two years in Latin America. Managed close-in pricing process during hyperinflationary periods to protect margins.

Expense Reduction - Selected by CEO to lead corporate overhead reduction project, resulting in $30 MM in annual cost savings.

Strategic Management

M & A - Orchestrated financial analysis, due diligence, evaluation, tax planning and Board presentations of numerous acquisition opportunities, strategic alliances and minority shareholder buyouts both domestic and foreign. Experienced in seller negotiations, coordination with bankers, lawyers and rating agencies. Handled divestitures and partner negotiations in joint venture exits.

Initial Public Offering - Prepared plan for equity carve-out as CFO for an initial public offering of $820 MM revenue Latin American business on the New York Stock Exchange as a strategy to enhance parent company’s equity valuation. Structured holding company, service agreements and prepared subsidiary operations for NYSE listing, prepared SEC registration statement.

Financial Strategy - Architect of Company’s financial strategy and share repurchase program. Repurchased $3 billion in stock over 11 years. Developed and presented financial strategies to the Board of Directors, including dividend policy, share repurchase, debt and capital structure policy. Responsible for agenda and presentations to the Finance Committee of the Board of Directors.

Treasury Management

Capital Markets - Led Corporate Treasury Department during period of growth in Cash Flow from Operations from $292 MM to $896 MM. Issued over $2 billion in public and private debt offerings over 10 years including straight debt, zero coupon convertible, put bond and exchange offerings. Initiated and executed two $500 MM leveraged recapitalizations.

Hedging - Architect of Company’s foreign currency hedging and interest rate financial risk management programs (often cited in the press), covering $1.4 billion in currency exposures and $1.6 billion debt portfolio. Generated interest swap P&L gains of $110 MM, allowing the Company to capitalize on low interest rates. Generated $51 MM in currency hedging gains during ‘98-‘02 periods of weak foreign currencies. Achieved 15% reduction in annual $20 million insurance premium budget.

Credit Ratings - Strengthened relationships with credit rating agencies; building and maintaining targeted single A and A1/P1 credit ratings despite significant debt increases and business downturn.

Pensions - Converted $1 billion traditional U.S. pension plan to cash balance plan in 1998 to contemporize pension benefit for employees. Chairman of Avon’s Retirement Board and Pension Investment Committee. Fiduciary responsibilities for over $1.2 billion in worldwide pension and trust investments. Initiated funding and hedging programs for corporate deferred compensation and non-qualified benefit plans, totaling $100 MM.


PEPSICO INC. Purchase, NY

Business Planning Manager Europe and Pacific Regions 1982 - 1986

Operations Finance - Responsible for all aspects of financial and business planning for European and Pacific regions for $600 MM International Franchise Division of PepsiCo. Restructured and re-franchised international bottlers. Part of team that developed Eastern European barter and countertrade business.


FORD MOTOR COMPANY Dearborn, MI

Financial Planning Manager Ford Brazil - Sao Paulo, Brazil 1980 – 1982
Corporate Finance Staff - Controller’s and Treasurer’s Offices 1977 – 1980
International Operations - Financial Planning Manager and Deputy Treasurer for Brazilian Affiliate with $1 billion in revenue. Sent by Corporate HQ to Brazil to control rampant interest expense and foreign exchange losses during hyperinflationary period. Served three years in positions of increasing responsibility in prestigious Corporate Finance Staff in both Controllers and Treasurers Offices. Responsible for financial reporting and review of profit and manufacturing budgets and forecasts for Ford’s Latin American automotive subsidiaries.


EDUCATION

WHARTON SCHOOL, UNIVERSITY OF PENNSYLVANIA Philadelphia, PA
M.B.A. in Finance 1975 – 1977


CORNELL UNIVERSITY, College of Engineering Ithaca, NY
B.S. Civil and Environmental Engineering 1971 – 1975
Dean’s List 1972-1975


AFFILIATIONS/PERSONALS

Finance Executives International, Chair, Committee on Corporate Finance (2005-2006)
Board of Directors, National Association of Corporate Treasurers
New York Treasurers Group, Chair (2002-2006).

Married with three children. Lived overseas in Brazil, Hong Kong and Taiwan. Able to speak some mandarin Chinese and Portuguese.

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