SUMMARY

Profit and cash-oriented Finance Executive with significant domestic and international (Europe, Far East, Mexico and Canada) success in acquisition and divestitures, bank relations, cash management, cost reduction implementation, strategic planning, tax minimization, SEC reporting, refinancing and establishing cost effective accounting systems. Strong leadership and staff development skills combined with a team-oriented style generated significant contributions to results as well as respect from management team, outside professionals and employees.

PROFESSIONAL EXPERIENCE

h & h accounting and tax service, Elk Grove Village, IL 2002 – Present

Start-up Company focused on CFO accounting services for small to mid-size companies and preparation of individual tax returns.

CII Technologies, Asheville, NC 1994 – 2002

$200 million manufacturer of electronic components with locations in the United States, Mexico, Europe, China and India. Chief Financial Officer from 1994 through 1998 building company through acquisitions and organic growth from $30 million to $200 million. In 1998, moved to Libertyville, Illinois as VP finance to financially integrate and develop division management for the latest acquisitions representing over $100 million.

Vice President Finance, Libertyville, IL 1998 – 2002

· Created within the first 6 weeks from date of purchase an accounting, cost and perpetual inventory system for a $60 million acquisition saving $75,000 annually.

· Settled contractual differences with prior owners of acquired companies saving over $400,000.

· Executive team member that implemented Demand Flow Technology (DFT) within the organization which reduced Inventory in portions of company from 4 turns to over 12 resulting in $700,000 of cash savings.

· Reduced receivable days from 52 to 45 days generating $1.9 million of cash.

· Executed a tax savings plan that prevented a tax liability of over $100,000.

CFO, Asheville, NC 1994 – 1998

· Grew company through acquisitions from $30 million to $200 million in 4 years.

· Analyzed, financed, acquired and created proper purchase accounting information for 5 major acquisitions and a recapitalization.

· Prepared prospectus and participated in the successful road show for a $95 million public bond offering.

· Created excel based consolidating accounting system with key information that answered monthly financial and statistical requirements for reporting and management needs eliminating the necessity to purchase consolidating financial software.

· Negotiated over $250,000 reduction in printing and accounting fees associated with IPO preparation.

· Developed prospectus and participated in road show for IPO.

C.P. CLARE CORPORATION, Chicago, IL 1989 – 1994

Directed the worldwide finance function for this $77 million Leveraged Buyout (LBO) which manufactures electronic components in Belgium, Taiwan, Mexico, Boston, and St. Louis for the telecom, industrial control, security, and automotive markets. Set direction of company with CEO and COO. Responsible for the corporate financial operations including banking relations, treasury, planning and budgeting, audit, tax, cost and general accounting systems, credit, MIS, and human resources.

CFO, Vice President of Finance & Treasurer 1992 – 1994

· Reversed years of losses to profitability by reengineering the organization with CEO and COO. This resulted in a 25% employment reduction, 12% revenue improvement and the eventual successful public offering.

· Refinanced worldwide loans that reduced debt by 30% or $3 million and annual interest by $600,000. Lenders dropped from seven to four.

· Member of team that identified, reported and delivered approximately $3.5 million to $4.5 million of cost savings annually for the last three years.

Director of Finance 1991 – 1992

· Introduced, developed, and implemented with management team a long-range strategic plan for the corporation that resulted in first year cost reductions of over $4.5 million.

Corporate Controller 1990 – 1991

· Instituted aggressive cash management techniques under an LBO structure with tight cash constraints.

· Negotiated approval and managed a workout plan with a bank where financial covenants were not met.

· Implemented direct costing and economic value-added (EVA) methods of reporting.

Assistant Controller 1989 – 1990*

* Reported directly to CEO since 1990

· Generated financial package and participated in negotiations for General Instrument in the sale of the $55 million Clare Division. Also, financial representative in the $30 million LBO acquisition of Clare Division by investors and Clare management.

· Established and installed the following functions at time of merger, while also reducing the corporate finance staff by 40%:

· Financial reporting and consolidations	· Treasury function
· Annual audit report and procedures	· Banking relations
· Shareholder information	· Payroll systems

GENERAL INSTRUMENT – CLARE DIVISION, Chicago, IL 1971 – 1989

Manufacturer of electronic devices. Clare Division is a $55 million, multi-plant division of General Instrument Corporation with locations in Belgium, Taiwan, Mexico, St. Louis, and Chicago.

Assistant Controller 1988 – 1989

· Created offering memorandum with international investment bankers and internal management.

Manager of Cost & Budgets 1977 – 1988

Manager of Accounting & Budgets 1974 – 1977

Manager of Accounting 1972 – 1974

Budget & Financial Analyst 1971 – 1972

BELL AND HOWELL, Lincolnwood, IL 1968 – 1971

Supervisor of General Accounting 1969 – 1971

Staff Accountant 1968 – 1969

EDUCATION

BS, Accounting, Northern Illinois University, DeKalb, IL

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