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CFO

Location:
Davidsonville, MD, 21035
Posted:
August 26, 2014

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Resume:

G lenn E. Davis, CPA *** H a r tford Road Davidsonville, M D 21035 443-***-****

acflno@r.postjobfree.com l inkedin.com/pub/glenn-davis/13/a52/890

Corporate Finance Executive

Senior Management executive FP&A Capital and M &A evaluation Contract Negotiation

I nternal Controls Profit Improvement Strategies Financial Reporting B ank Financing

Developed profit improvement strategies delivering $80+M annualized profit imp rovement,

capital planning, real estate and M &A recommendations based on strategic analysis; critical to C-

Level capital planning and real estate decision making.

I ncreased business unit profitability $5.4M in 3 years and reduced inventory shrink valued at $20M

v ia f inancial stewardship and creative problem solving.

Saved $30M with favorable contract negotiations, $8M year-over-year with contract renewal and

a dministration and $4M i n additional annual income with strategic value-add agreements with a major

bank.

F inance Leadership Career Overview

SAFEWAY, I NC., VP Chief Administrative and F inancial Officer, Eastern Division 1995–Dec 2013

FP&A LEADERSHIP

• Led F inancial Budgeting Planning and Analysis, Industrial Engineering, Risk Management, Loss

P revention and Shrink teams that reduced inventory shrink $20M YOY since 2009 and achieved other

operational improvements.

• Turned around business unit profitability $5.4M in 3 years with P&L action plans, coaching and best

p ractice t raining.

• Saved $10M+ in operating losses based on asset disposal recommendation.

• Improved store inventory turnover which reduced inventory investment $13.2M.

• Reduced workers compensation claims frequency 30% over 3 years through a Culture of Safety

p rogram.

CAPITAL I NVESTMENT AND M &A STRATEGY AND EVALUATION

• Participated in union and state negotiations; drove financial evaluation and C-Suite justification to

replace outdated warehouse with a new $100M distribution center later outsourced with a third-party

supplier.

• Trusted to lead all capital investment and acquisition financial analysis, acquisition due diligence and

post-acquisition integration; achieved 91% capital ROI success rate.

CONTRACT NEGOTIATIONS AND ADMIN ISTRATION

• Led contract negotiations to outsource distribution function that reduced annualized distribution

expenses $30M the company’s only division to achieve deal of this kind; managed contract renegotiations

saving additional $8M annually.

• Generated $4M in annualized rental income via multiyear deal structure and negotiations with major

bank and $2M annualized sales via negotiated dry cleaning services agreement.

Glenn E. Davis, CPA 443-***-**** g acflno@r.postjobfree.com

PAGE TWO

Additional Finance Experience

T H E STOP & SHOP CO MPAN I ES, I NC. / BRADLEES, I NC ., Corporate Cont roller / VP Cont roller

a nd Assistant T reasurer

Responsible for all accounting operations including; internal and external financial reporting, budgeting,

forecasting, FP&A, merchandise planning, real estate investment analysis and working capital management.

Led cost reduction, improved reporting, finance and accounting during and following LBO and IPO.

Secured bank credit financing facilities in connection with Bradlees IPO through presentations to banks to

secure financing, negotiating bank covenants and monitoring compliance with bank covenants.

WOODWARD & LOT H ROP I NC., Divisional Vice P resident and Controller

Chief Accounting Officer responsible for all accounting operations including internal and external f inancial

reporting, credit operations and merchandise accounting. Supported all accounting and reporting aspects of

L BO.

ART H UR ANDERSEN & CO., Senior Auditor/Staff Auditor

Promoted to plan, lead and supervise audits for diverse retail, banking, insurance and government contracting

clients.

Certifications And Affiliations

CERTIFICATIONS

CERTIFIED PUBL IC ACCOUNTANT - VIRGINIA

AFFILIATIONS

MARYLAND SOCIETY OF ACCOUNTING & TAX PROFESSIONALS, Associate Member

NATIONAL CAPITAL GROUP OF CONTROLLERS, Former President and Treasurer

M ASSACHUSETTS SOCIETY OF CPA’S, Past Member

MASSACHUSETTS SOCIETY OF CPA’S RETAIL FORUM, Past Member

Education

B.S., BUSINESS ADMINISTRATION / ACCOUNTING, SUNY at Buffalo

Training

L EADERSHIP DEVELOPMENT PROGRAM, Management Development Institute, Eckerd College



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