| V.P. Finance | IMI, PLC- Cannon Equipment | 2007-2008 |
Directed the finance function of a wholly owned subsidiary of London publicly traded company that provided
custom design, engineering, manufacturing, and fulfillment systems for merchandising, along with automation of newspaper and
dairy industry products. Managed revenue of over $100 million and 15 employees across 4 divisions.
- Built a strategic business model to reengineer capacity manufacturing around forecasted sales which provided a $5 million increase to profits.
- Revised company's interstate tax planning strategy resulting in time saving through consolidated reporting.
- Reduced collections by 5 days by correcting operational and billing problems to customers reducing capital requirements by $5 million.
- Revamped interstate sales and use reporting saving $500,000 in capital requirements.
- Developed accurate sales and profitability production forecasting system which provided management with new long and short term profitability forecasts.
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| Controller / Vice President | BioScrip, Inc. | 2005-2007
(declined relocation) |
Led financial department for a publicly traded pharmacy services and health benefit management company.
Channels included retail and mail order outlets. The company distributes through 34 domestic locations. Managed revenue of
$1.1 billion and 25-30 employees.
- Promoted to VP from Director Level after 1 year.
- Consolidated and integrated a decentralized corporate accounting functions from 2 separate companies within six months resulting in a savings of $5 million.
- Led implementation of internal controls, documentation for 404 Sarbanes/Oxley requirements while integrating accounting, information services, and consolidating corporate offices in six months.
- Converted accounting systems within six months (PeopleSoft/Lawson) resulting in a savings of $5 million.
- Seamlessly relocated Corporate Headquarters during the integration with no impact to business operations.
- Recruited, developed, and managed a strong team of professional from scratch.
- Met all filing requirement and deadline for First 404 filing, Fin 48, and FAS 123R
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| Controller | SOFAMOR DANEK | 2004
(declined relocation) |
Directed the finance function for a Memphis, Tenn. international subsidiary of Medtronic which manufactures medical devices for the treatment of a variety of neurological disorders.
Managed sales of $1.7 billion and 25 employees.
- Implemented internal controls, reporting, and disclosure requirement of Section 404 Sarbanes-Oxley Act which included testing of process and controls within 9 months.
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| V.P. Finance and C.F.O. | ACI TELECENTRICS INC. | 2000-2003
(closed) |
Directed the financial function for a publicly traded listed North American subcontractor of inbound and outbound customer service, internet-based sales, and marketing services. Including frontline customer service repair, interactive web-based customer service, e-commerce and Internet chat data. Sales $34 million and 11 employees with 13 locations both in USA and Canada.
Brought into organization to correct accounting controls while marketing the corporation for merger, acquisition, or consolidation.
- Corrected accounting irregularities in financial reporting within 6 months.
- Reduced monthly Domestic and International close by twenty days to perform within 8 days.
- Established international subsidiary, including incorporation and international income and value-added taxes.
- Reduced day's sales outstanding by 30 days reducing capital requirements by $5 million.
- Performed all investor relations functions including press releases, analyst reports, and financial presentations.
- Expanded three operations into Canada, requiring set up of new international tax and domestic account issue.
- Re-organized divisions after a significant event reduced revenues by 45%.
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| Director of Finance | KROLL/ONTRACK | 1999-2000
(purchased) |
Directed the finance function for a publicly traced computer data recovery and repair for hard drives, while expanding markets into data availability software and service solutions through e-commerce, retail distributors, and direct end users to help customers protect, manage, recover, and discover valuable data. Managed sales for $60 million and 25 employees.
- Laid ground work to correct accounting systems, and set up new billing systems.
- After organization was acquired, designed a uniformed accounting system.
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| Director of Finance/Controller | DIGI INTERNATIONAL | 1996-1999 |
Directed the finance function for a publicly traded international manufacturer of computer data communications hardware & software for multi-user environment, server based, remote access, Internet telephony and LAN connect markets. Sales of $200 million and 25 employees.
- Initiated turnaround strategies resulting in consolidation of 5 duplicate facilities, reducing costs by $6 million and increasing manufacturing utilization by 50 %.
- Completed successful acquisition of 2 international subsidiaries worth $100 million through to final SEC filings.
- Negotiated and managed lines of credit exceeding $25 million.
- Corrected monthly closing process resulting in reduction of in-process time by 15 days.
- Reduced days sales outstanding by 40 days saving capital requirement of 10 million.
- Reduced inventory levels by 25 % resulting increasing cash by $3 million.
- Evaluated accounting system requirements and implemented BAAN ERP system software.
- Reworked Risk and Hazard insurance saving $1 million in annual expenditures.
- Corrected international financial reporting for 5 international subsidiaries Asia Pacific saving $500,000.
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| Chief Financial Officer | BBA PLC Fiberweb & Southern MFG. | 1993-1996 |
Directed the finance, human resources, and information systems functions for an international manufacturer of textile fabrics for hygiene, medical, and industrial application. Managed sales of $225 and 86 employees.
- Conceived, developed, initiated and directed strategic re-engineering plan for an acquired organization while selling off another division to a combination of management/venture capital group. This was accomplished in six months resulting in increased net worth of $29 million.
- Raised private funding for divisional spin-off for management buy out (Southern Manufacturing), which was sold to Venture Capital Fund.
- Converted accounting systems from US GAAP to U.K. GAP (IFRS) financial reporting requirements.
- Reduced cash flow requirements from negative $2 million to $2 million positive in six months, by increasing production.
- Reworked contract with vendors for extended terms resulting in increased payables by 40 days, improving cash by $3.5 million.
- Reduced inventory levels by one-third, saving cash of $2.5 million.
- Directed the effective use of research and development by placing engineers in plants improving productivity by 10%
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| Director of Finance/ controller | Siemens Medical P&C | 1990-1993
(sold) |
Directed the finance and customer service function for wholly owned subsidiary of a German publicly traded company which manufactured Medical Dental equipment Managed revenues of $100 Million and 55 employees.
- Consolidated manufacturing facilities resulting in $10 million cost savings which returned organization to profitable status.
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| Chief Financial officer/Controller | GOWER CORPORATION | 1987-1990
(divested) |
| Directed the finance function for a holding company made up of 5 subsidiary companies that developed software, manufacturing, construction, and real estate development.
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| Audit Supervisor/Manager | ERNST & WHINNEY PUBLIC ACCOUNTANTS | 1984-1987 |
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| Staff Accountant | J.W. HUNT & COMPANY, C.P.A. | 1983-1984 |
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