John Teague, CPA, CMA

* ******* ***** **********, ** 27455

336-***-****

acfcsz@r.postjobfree.com

Summary

• Financial executive with extensive hands on experience in manufacturing companies including

consumer products and pharmaceuticals.

• Diverse roles include two top financial positions reporting to division Presidents.

• Experience includes strategic planning, budgeting, forecasting, financial analysis, financial reporting,

general and cost accounting, staff hiring and development, international operations, multi-plant

environments, banking relationships, parent company reporting, due diligence, and cash management

and forecasting.

• Education: BS Business Administration, MBA, Master’s Degree Accounting

• Certification: CPA, CMA

Professional Experience

Banner Pharmacaps Inc. (division of Vion a privately held Dutch company) 1996 to March 2013

Banner encapsulated nutritional and pharmaceutical (RX and OTC) products with 1,200 employees in

Canada, Mexico, Netherlands, US, and for several years a joint venture with a company in India.

Customers include major pharmaceutical companies and retailers primarily in Europe and North and

South America. Annual sales were approximately $250 million. In 2012 Banner was sold, most

executive positions were eliminated including mine in March 2013.

2004 to March 2013

Title: Executive Director Finance Global

Reported to: Chief Financial Officer

Primary responsibilities: Provide accurate and timely historical and projected financial

information, clear and concise guidance to Banners regional accounting groups, serve as analytical

resource to Banner senior management and parent company finance group, and support of multiple

due diligence processes.

Accomplishments:

• Completed all month, quarter and annual historical financial reports, primarily utilizing Hyperion

Financial Management.

• Completed all future estimates including strategic plans, annual budgets, and quarter forecasts.

• Prepared annual audited US GAAP financial reports 2006 – 2011, all received unqualified

opinions and were critical to the 2012 sale of the company.

• Business Process Owner: Budget to Cash module, SAP implementation in Banner US.

• Presented monthly operating and financial results to Global Operations group.

• Implemented parent company required cash forecasting.

2000 – 2003

Title: Executive Director Finance United States

Reported to: US President, dotted line to CFO. US operations included manufacturing sites in NC

and California and the company’s primary R/D facility. Annual sales were $120 million.

Primary responsibility: all accounting and finance related functions including financial and

management accounting and reporting, preparation of forecasts, budgets, strategic plans, financial

analysis, commercial support, management of credit and collections.

Accomplishments:

• Finance leader for operating company, achieved budget financial targets 3 of 4 years. Staff of 13.

• Worked closely with commercial group to analyze customer bids and customer profitability.

• Developed AS400 based sales forecasting system which was used to meet financial and operating

requirements.

• Analyzed and presented manufacturing facility closure plan to Board of Directors, approved

project generated $6 million in annual savings.

John Teague Page 2

Banner Experience Continued:

1996 – 1999

Titles: Corporate Controller, Plant Controller

Reported to: Senior Vice President Finance

Primary responsibility: financial and management accounting for US operations, included a year as

Plant Controller.

Softsoap Enterprises Inc. (division of Colgate Palmolive) 1988 – 1993

Softsoap was a stand-alone subsidiary of Colgate Palmolive from acquisition in late 1987 until

consolidation with other US operations in 1993. Softsoap manufactured and marketed personal and

household care products to mass, drug and grocery classes of trade. A single manufacturing site

supported annual sales of approximately $120 million in 1992.

Title: Division Controller

Reported to: President with dotted line to Colgate-North America finance.

Primary responsibilities: all aspects of Cost and General Accounting, Credit, Customer Service, and

IT.

Accomplishments:

• Finance leader for the company, supported sales growth from

$60m in 1988 to $120 million in 1992.

• Completed strategic plans, budgets, forecasts, monthly reporting,

year-end audits (internal and external), and financial analysis of segment, customer, and product

profitability.

• Developed internal controls and accounting procedures.

• IT: implemented Colgate specified system, directed in house

development of software.

• Credit/customer service – Supported direct sales force and broker

network, accounted for trade promotion budget of over $20 million.

• Managed a staff of 30.

McGaw (division of American Hospital Supply Corporation) 1982 - 1987

McGaw manufactured and sold intravenous solutions, primarily to US hospitals. Three manufacturing

sites supported annual sales of $200 million. Positions included Plant Controller, Manager Financial

Planning, General Accounting Supervisor, Cost Accounting Supervisor, Cost Accountant.

Education

1994 – 1995 MS, Accounting, UNC Greensboro

1980 – 1981 MBA, University of Georgia Athens

1975 – 1979 BS, Business Administration, UNC Chapel Hill

Certification

CPA and CMA - passed all parts of both exams first attempt.

Professional Organizations

Institute of Management Accountants

North Carolina Association of Certified Public Accountants

Community

Treasurer, Guilford Day School, 2004 to 2010:

Developed and publish monthly graphical summary of financial results to Board with focus on actual

vs. expected cash position.

Implemented bi-annual budget and forecast processes.

Developed key metric driven integrated income statement/balance sheet model used in budget and

forecast processes.

Developed strategic plan to determine new facility feasibility.

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