Operational and Financial Management of Financial and Professional Services, Manufacturing, Distribution, Supply Chain Management, Multi-channel Retail Operations, Engineering, Quality, Accounting – GAAP, IFRS, Cost Accounting, Pricing including Transfer Pricing, Inventory Control, Audit – Internal and External, Treasury, Budgets, Modeling & Forecasting, FRX, Taxation, Risk Management, Information Technology for multi-national corporations. Mergers, Acquisitions, Joint Ventures and Partnering Agreements from candidate selection and assessment, through due diligence, negotiations, financing, closing and complete integration, formalize M & A policies & procedures, keep GAAP compliant. Cash Management for growing companies, including alternative opportunities to general commercial financing markets, including private placements, mezzanine and IPO’s. Continuous Strategic Planning, Execution and Implementation. New Business Development. All Quarterly and Annual SEC reporting requirements. Consolidated 85 global entities on a monthly and quarterly basis for internal and external financial reporting requirements. Major Software Revenue Recognition experience – SOP 97-2 and SOP 98-9, SAB 101, 104 and EITF’s. COSO IA and SOX 404 planning, test plan development, testing coordination, remediation and maintenance programs. Hiring, empowering and mentoring a professional team. SAP, Oracle, eCometry, Multiview, Viewpoint, PeopleSoft, OutlookSoft, JD Edwards, MAPICS, GP Dynamics, PeachTree, Microsoft Office Suite, Crystal, Hyperion, and many other financial and ERP information management systems.
EXPERIENCE
-Chief Financial Officer of the largest online supplier of equine supplies and consumables, and one of the largest online providers of pet supplies and consumables, camping and lawn & garden supplies. Distribution centers are in NE PA, SC and Central MO. Over 85,000 sku’s and some of the best single word URL’s are owned by the company – horse.com, dog.com, fish.com, bird.com, solar.com, wind.com, green.org, bike.com, farm.com, and 10,000 more. Privately held company with remote ownership. As the CFO I have responsibility for all cash management, financial reporting, financial operations, risk management, human resources, procurement and logistics, distribution centers, taxes and strategic planning. Recently upgraded all of the financial reporting systems to a scalable system to accommodate current and future growth of the business. Completed and integrated one acquisition.
-Chief Operating Officer and Chief Financial Officer of the Robotics company that holds the founders patents for PC based operating controllers for commercial robotic applications. Innova has robotic controllers in many of this nations automotive and truck parts suppliers. Divisions consist of robot controller manufacturing, software development and integration services, machine tool controller manufacturing and service, and medical robotic rehabilitation devices. As COO I was responsible for the growth and operational results of the business, new business development and acquisitions. As CFO, I was responsible for the company wide periodic reporting for the SEC, monthly internal reporting packages, all financial transactional processing, SOX processes and financial process improvements, and our global tax strategies and reporting. The company has operations in the US, UK and Spain presently. Principle customers are Microsoft, IBM, DCX, Becton Dickinson, NASA, Homeland Security and various US Military organizations and suppliers. Completed two acquisitions. Software revenue recognition required – SOP 97-2 and SOP 98-9, SAB 104.
-Corporate Controller for Global Leader of KVM (Keyboard Video Mouse) switching and network connectivity solutions for data centers of all sizes. Avocent has grown through product innovations, global expansion and strategic acquisitions. Avocent’s products combine powerful analog and digital connections in one switch using Avocent KVM over IP switching technology and CAT connectivity, allowing administrators to gain world wide access and control of their servers and serial devices from one single screen or mobile device. Presently over 13,000 SKU’s to serve the Global IT marketplace. Completed SAP R3 integration, 404 process finalization and set up 2nd and 3rd year maintenance program; lead Key Control Reduction efforts by Globalizing processes, completed quarterly and annual financial audits with PricewaterhouseCoopers, prepare all Qtr. Financial Internal and External reporting requirements, including 10-Q’s, annual 10-K and Quarterly earnings releases for Capital Markets analysts.. Established a formalized M & A due diligence and integration program in preparation of continued global acquisitions. Significant software revenue recognition work – SOP 97-2 and SOP 98-9 for multiple operating units. Completed seven acquisitions in two years, three of which had global operations - 3 over $100MM and 4 under $50MM. Manufacturing, Distribution, Sales and Engineering locations in the USA, Brazil, Australia, Japan, China, Taiwan, Korea, United Kingdom, Ireland, Hungary, Germany, France, Italy, Spain, the Netherlands, India, and use ECM’s in Malaysia, Taiwan, Brazil, Hungary and in the USA. Consolidated 85 global entities on a monthly and quarterly basis for internal and external financial reporting requirements, including all eliminations and currency translation accounts.
-CFO for Private International Testing & Engineering Company, 35% Annual Growth through Acquisitions, Joint Ventures, Licensing Agreements for Patented Technologies, with Primary Business Units in International Product & Safety Certifications, Quality Systems Certification & Registration (QS9000, ISO 9000 & 14000), and Testing & Engineering Services which Includes Accelerated Life Testing Processes; Primary Industries served are Automotive, Information Technologies, Telecom, and Medical Devices. Banking Relationships & Risk Management. Selected and Initiated Installation of ERP System for a Service Industry Business. Coordinated all external Audits, Legal and Shareholder relations including reporting processes and Annual Mtg., managed all retirement plans and programs.
-Managed International Private Investment Banking Company that specialized in Mergers & Acquisitions, Cash & Investment Management, Alternative Financing Strategies including Private & Public Debt Offerings, Corporate Finance for Growth Companies. Companies included Telecom equipment mfg’s, Electronics Equip. mfg’s, Automotive Parts Suppliers & Computer component manufactures & assemblers.
-Completed over Eighty (80) Mergers or Acquisitions in both Public and Private Markets, in North America, Europe and Asia. Eight completed in 2004/2007, and eleven transactions negotiated in 2004/2007. Acquisitions have been in the areas of consumer products, electronics manufacturers, software developers and distributors, builder and consumer hardware manufacturers, water filtration and technology, rocket fuels manufacturer, manufactured housing, automotive dot.com, machine tools, tech services, automotive parts manufacturers and distributors, telecommunications software provider, industrial computer manufacturer, engineering services and environmental services firms. Have been completing M & A work successfully since 1974.
-Raised Millions of Dollars in Corporate Financing for Public and Private Companies through Public & Private Placements, Commercial Financing, and Asset Based Lending, Factoring, Leasing, etc.
-Chief Operating Officer for a Major Automotive Supplier. Responsible for all Manufacturing, Quality, Supply Chain, Engineering, Finance & Accounting, Logistics Management, MIS, etc. Company growth from $16 Million to $250 Million Annual Revenues in Five Years, driven primarily through internal growth and strategic planning. Opened six new mfg. locations. Increased operating profitability 220% over a three-year period in a price reduction market by major OEM’s. Launched hundreds of new tools and new plants.
-Managed Corporate Audit, Investor Relations and Treasury for two multi-national, publicly traded, manufacturing companies. Designed & Implemented financial and operational audit plans for profit improvement in all aspects of the manufacturing and distribution operations. Completed all required SEC filings. Responsible for Risk Analysis & Management.
WORK HISTORY
2/08 – Pres CFO of Pets United, LLC Hazleton, PA $100MM direct to consumer and B2B supplier of Pet and Equine products and consumables, 65,000 SKU’s. Locations in PA and MO. #2 in both the Pet Supplies and Equine Industries. Company has buying offices in China and the US. 185 Employees.
10/07 – 2/08 Segment Controller of Flextronics, Inc. San Jose, CA $35 B Global Contract Electronics Mfg. with global manufacturing operations in 16 countries and offices in 46 countries. My Segment was the $3.5B Capital Goods Mfg. Group. Mfg. operations were primarily in the US, Germany, Japan and China. Most major consumer electronics companies used the services of Flextronics; 17,000 employees globally.
-12/06 – 10/07 Innova Holdings, Inc. Chief Operating Officer and Chief Financial Officer Global Manufacturer and Distributor of Robotic Device Controllers, Machine Tool Controllers, Robotic Software development and integration, and Software Development and Integration. Principal customers are Microsoft, IBM, Homeland Security, Harris Corp., Becton Dickinson, DCX, and various US military organizations and suppliers. Completed and integrated two acquisitions since arriving with more expected. Securing proper financing for a growth oriented company, investor relations, public relations, P & L and growth strategies are regular daily activities. Coordinating auditors, attorneys, bankers, customers, personnel in multiple professions are things that I enjoy and multi-task well with.
-12/4-10/06 Avocent Corporation Corporate Controller (Nasdaq: AVCT) Global Manufacturer and Distributor of KVM and digital switching systems and solutions for data centers, including hardware, software, embedded solutions and mobile solutions. Corporate offices located in Huntsville, AL with primary manufacturing locations in Redmond, WA, Huntsville, AL, Shannon, Ireland and Shanghai, China. Sales and Distribution offices are located in most industrialized countries globally. Sales run rate currently is approx. $750 MM to customers such as Dell, HP, IBM, SunMicro, TechData, Ingram Micro, US Government and most US Fortune 500 companies as well as most major European Banks, Insurance Companies and Conglomerates. Responsible for Group and International Controllers, ACC, Operations Controllers, Risk Manager and Compliance Manager – SEC & SOX report to me directly; 59 Total staff responsibility.
7/04-11/04 Jefferson Wells, Div. of Manpower, Inc. Accounting & Finance, Professional Consultant
I was to become Grand Rapids, MI office Managing Director and to launch Investment Banking Group for middle market companies in the Midwest. Initially working Sarbanes Oxley for Michigan based public manufacturing, retail and distribution clients. Automotive, Aerospace and Defense, Oil Field Equipment, Communications and Fiber Optic Equipment manufacturing clients, retail & distribution are primary clients.
-2/00-6/04 High Level Systems, Inc. CFO & Director. Vehicle Leasing, Manufacturers Rep’s and Financial Consulting business working from Grand Rapids, MI. Completed a $165+ Million financing transaction for Budget Rent a Car. Completed implementation of a financing plan for $125 Million with investors for a new concept vehicle for Ford Motor Company. Acquisition analysis, due diligence, modeling and securing financing for a variety of companies in the Intellectual Property, Service and Manufacturing businesses. Strategic Planning, Modeling, structuring and implementation. SOX 302 & 404 consulting. Maintaining contacts in Investment Banking, Legal, Manufacturing and Banking communities.
-9/98-2/00 Entela, Inc., Director, CFO and Vice President, Grand Rapids, MI with Five US & Three International Offices in Hong Kong, Taiwan and Canada, Affiliate Offices in Europe, Central and South America. $23 MM Billings. Privately held company that is the World’s largest Automotive Supplier Certifier of Quality Management Systems (QS9000) and a major ISO 9000 & 14000 Systems Certifier.
-6/88-9/98 Paramount Companies, Inc., President & CEO, Director, Grand Rapids, MI with US & International Offices in Europe. Boutique Investment Banking Company that specialized in Mergers and Acquisitions, corporate finance, alternative investments, international investment opportunities, and investment portfolio management. Sold company to a larger UK investment company.
-5/82-6/88 C & F Stamping Company, Inc., Chief Operating Officer, Grand Rapids, MI $250 MM in annual sales in 1988. Automotive parts supplier with operations in Michigan, Kentucky & Oklahoma. Specialized in painted automotive exterior plastic components and fabricated plastic and metal interior and structural components. Also had two vehicle conversion facilities. Privately held company.
-6/80-5/82 Shay Motor Corporation, Vice President & Division General Manager, Battle Creek, MI. $93 MM in Sales - 1982. Manufacturer of 1929 Model A and 1955 & 1956 Thunderbird replicars. The company had three large manufacturing facilities for chassis and body manufacturing and for the final assembly of the vehicles. Number 4 Automobile Manufacturer in 1981 & 1982.
-6/78-6/80 Park Electrochemical Corporation, Group Controller, Great Neck, NY. $440 MM in Sales. Producer of components for the auto, electronics, appliance and housing products industries. NYSE Co.
-7/74-6/78 Dayton Walther Corporation, Corporate Audit Manager, Dayton, OH. $685 MM in Sales. Major domestic and international supplier of heavy truck components, brass housing and industrial plumbing products, appliances and consumer products.
-5/72-7/74 M. J. Dolinka & Assoc., CPA’s, Audit & M I S Manager, Grand Rapids, MI
EDUCATION AND TRAINING
- B.S. Accounting & Finance, B.S. Econ & Banking from Northern Michigan University, Marquette, MI
- Certified Public Accountant in State of Michigan.
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