Finance, Budgeting, Treasury, Forecasting, Strategy, Risk Management

Michael F. Sosh

** ******* ***** acdzbo@r.postjobfree.com

New Albany, OH 43054 Cell: 614-***-****

Home: 614-***-****

Summary Financial executive with broad management experience leading key financial improvement

efforts for both public and private companies in retail, real estate, manufacturing and service

industries. Expertise in crisis management includes finance, treasury management, IT and human

resources and has led to significant results in managing distressed businesses back to health and

success.

Experience

Cott Systems, Inc., Columbus, OH

December 2011-

Chief Financial Officer

Current

Successfully implemented strategies and initiatives to streamline processes, focus on key value

drivers, and renegotiated contracts resulting in a $1 million improvement in operating profit.

Implemented strategies to upgrade Customers to the Company’s current technology platform.

Revamped and streamlined the pricing model for contracts from a cost plus to a market base.

Restructured all financial reporting to a timely and actionable format.

Simplified and implemented a top down budget process.

Lane Bryant, Columbus, OH

February 2010-

Sr. Manager of Financial Planning

December 2011

Provided mentoring and guidance to develop staff of analysts. Presented weekly to VP of stores

and store directors, actual results to plan in order to develop go forward plans relative to

marketing efforts and inventory allocation.

Developed budgets, including daily sales and weekly payroll for entire chain of ~300 stores.

Conducted store manager meetings to facilitate better payroll management.

Stage Capital, LLC, Columbus, OH

July 2007-

Chief Financial Officer

October 2009

Managed the financial reporting, budgeting, global risk and treasury management of a group of

operating portfolio companies. Successfully implemented process improvements resulting in

increases to income from operations in excess of $3 million.

Developed strategic plans for performance improvements over various lines of business.

Implemented a new benefits program and outsourced payroll at the Holding Company level.

Selected and developed relationships with third party vendors to outsource IT needs and

provide a reporting infrastructure.

MRM Executive Leadership Group, LLC, Columbus, OH

November 2004-

Principal

June 2007

Provided management expertise and financial analysis to companies with an emphasis on crisis

management and strategic acquisitions. Clients included:

GUESS? Inc.; Deutsche Bank; APW Ltd.

Financial Advisor to APW Enclosure Systems, Inc., a subsidiary of APW Ltd., in a C11

Bankruptcy proceeding.

Completed treasury projects for GUESS? Inc., including cash management, hedging

strategies, and business review of a synthetic lease with outside counsel and bank.

In conjunction with Deutsche Bank developed and analyzed a bid in excess of $1 billion for a

real estate investment portfolio.

Developed acquisition models and analyzed numerous potential acquisitions in a variety of

fields such as real estate, in-home health care, distribution.

International Total Services, Inc., Cleveland OH

November1999-

EVP & Chief Financial Officer

March 2004

Assumed responsibility for all financial and human resource functions after company had lost

98% of market capitalization, had been de-listed, had announced accounting irregularities that

would require restatement of its financial statements, and was in default of its secured debt.

In less than two years, engineered operational turnaround and reversed >$10MM negative

cash flow to positive while replacing 90%+ of middle and senior management.

Earned confidence of Bank Group, obtaining lender forbearance and approximately doubled

borrowing availability (all of which was 100% recovered).

Consummated dispositions of two operating divisions and foreign subsidiaries priced above

expectations.

Lexford Residential Trust, Columbus, OH

January 1997-

Senior Vice President and Treasurer

September 1999

Senior member of the finance team charged with reengineering property management, financial

restructuring, analyzing and implementing operational changes, and strategic acquisitions. In

less than three years the company’s minimal annual cash flow increased to more than $40

million, translating to an increase in share price from $7 to a sale price value of $40 a share.

Direct reports included treasury and cash management, human resources, internal audit,

purchasing and risk management.

Key role in the consolidation of ownership of syndicated properties with approximately

12,000 limited partners with negative capital accounts (REIT election).

Restructured senior management, reducing administrative headcount from 300 to 120 while

improving operations and adding third-party management division.

The Bon-Ton Stores, Inc., York, PA

June 1987-

Divisional Vice President

December 1996

Increasing levels of responsibility through the financial areas of the company, including treasury

management, risk management, and financial planning. In conjunction with the accounting

department integrated all back office reporting systems onto a single platform. Maintained third

party relations, primarily with the Factoring community which was integral to merchandise flow.

Renegotiated over $300 million in bank facilities, taking the Company from an unsecured

borrower to a secured borrower while maintaining factor relations and continued shipment of

inventory.

Conducted financial due diligence and purchase price parameters for four acquisitions.

Placed and maintained all insurance coverage.

Reviewed all retirement plan initiatives including the closure of two defined benefit plans.

Selected Company’s financial analysis software and adoption of EVA as the financial

measure.

Meridian Bancorp, Inc. n/k/a Wachovia Bank, Reading, PA

July 1983-

Banking Officer

May 1987

Education

1983 University of Notre Dame, Notre Dame, IN

BBA in Accountancy, CPA Examination Passed

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