JOSEPH A. MEDLIN
334-***-**** (Cell)
EXPERIENCE
President James 41316, Inc. A construction materials company with
operations in Birmingham, Montgomery, Mobile and NW
Florida.
January 2008 - March 2014 (Sold Business)
Montgomery, AL Generated a 250% return and over six years and then
sold business for 25% profit in March 2014 through more
active financial management and reporting.
. Achieved a compound annual growth rate of 15% in sales
during first four years by adding new product lines and
recalibrating salesforce.
. Streamlined sales territories to improve customer
responsiveness and employee morale.
. Secured significant PR coverage for environmentally
friendly recycled glass and for general operations
techniques.
. Implemented financial management, supply chain management
and human resources systems to improve productivity,
inventory levels and profitability.
. Reduced company debt by 75% and established a new working
capital line with three times the original capacity for
growth of additional locations.
Chief Operating ProEthic Pharmaceuticals. A national $70M specialty
pharmaceutical company.
Officer and July 2006 - November 2007 (company sold to Japanese
entity)
Chief Financial
Officer Implemented operational changes that led to a $2.7 million
improvement (prior year was at a loss) to profitability for
the operating brands and a 30% increase in net sales.
Montgomery, AL Contacted, negotiated and closed a $12 million
credit facility with Merrill Lynch and Oxford Finance
within eight weeks of employment.
. Developed KPI's, streamlined closing processes and created
reporting process for more efficient and productive
management.
. Negotiated the structure of a product license within a $1.2
billion market segment at terms that graduate based on
internal success.
Enhanced media relationships and prepared external
communications.
Implemented new financial controls, upgraded financial
team, and engaged Ernst & Young for audits in preparation
of planned Initial Public Offering.
. Led the development and implementation of the first
operating plans for the company.
Developed international relationships with existing and
prospective business constituents including supply chain,
partnering and investor relationships.
Vice President Altea Therapeutics. An $80 million pre-IPO device
and formulations company.
Finance, IT 2003 - July 2006
& Administration
Solicited, presented, negotiated and closed an equity
transaction that raised $32.8 million in cash to fund
research and development activities (This transaction was
awarded Deal of the Year for being the largest venture
round in the state in 2005.).
Atlanta, GA Secured $7.75 million in leveraged capital to purchase
equipment with GE Capital.
. Negotiated a real estate transaction involving the State
Department of Industry and developer funds of over $34
million with an out-of-pocket cost to the company of $400
thousand.
. Reviewed all corporate legal matters, interfaced with
counsel and negotiated all supply, consulting and service
contracts.
. Managed A/P, A/R, Inventory and other working capital items
to manage corporate cash position.
Finalized a comprehensive license and settlement agreement
with a large international pharmaceutical company.
. Established finance department and completed the initial
financial audit of the company (Ernst & Young) and
subsequent audits.
Joseph A. Medlin
Chief Financial Vision Correction Group. A $15 million medical device
and operations company.
Officer 2001 - 2003 (Lost key operating franchise license.)
Atlanta, GA Generated $4 million in aggregate savings while advancing
research and productivity.
Streamlined annual budgeting process, financial controls,
payroll, accounts payable and month-end closing processes
to increase availability of actionable information.
. Developed and maintained short and long term cash
management models.
. Managed human resources and legal aspects including
successful litigation defense.
. Established new business partnership that generated $750
thousand in new revenues.
. Restructured sales commission model to improve productivity
and employee satisfaction.
Directed licensing, M&A, and strategic planning issues
including securing a partner agreement with Johnson &
Johnson and a license agreement with General Electric.
Developed and maintained relationships with banks, venture
firms and investors as well as managed operating
covenants and reported results to the appropriate
stakeholders.
. Managed the financial reporting process including annual
audits by Ernst & Young.
. Managed critical personnel operations in California, New
York and Georgia.
Director HeadHunter.NET A $48 million publicly traded multi-site job
awareness company.
of Finance 2000 (Company sold.)
Norcross, GA Led the development of a new sales commission
program that resulted in higher quality and satisfaction
for customers and sales force alike while enhancing sales
growth.
Established SEC and financial reporting including completion of
S-1 registration statement, 10K, 10Q and Form 4 documents.
. Served as a principal in developing and executing
communications with the venture investors, board of
directors, public investors and bankers.
Acted as key liaison with outside auditors, legal counsel and
human resources contacts.
. Provided key inputs into acquisition activities in
negotiation, due diligence and implementation phases.
Analyzed financial performance indicators to improve
profitability and valuation.
Directed the treasury management process including creditor
relationships, cash forecasting, investments and working
capital management policies.
Channel FORESIGHT SOFTWARE A developer of ERP manufacturing software
systems.
Program 1999 (Y2K phenomena led to downsizing.)
Manager
Assisted manufacturing clients in identification of critical
functionality in implementation of ERP systems.
Dunwoody, GA Facilitated the development of product functionality
to support customer base.
Identified key benchmarking metrics and constructed a
competitive analysis for product positioning and sales
execution.
Director of CYTRX A publicly traded Phase III stage biotechnology company
Finance 1997 - 1998 (Clinical complications caused reduction to eight
employees.)
and Investor
Relations Developed and executed an investor relations road show
that resulted in a 40% increase in the company's valuation
(NASDAQ).
. Developed plans to support tactical and strategic planning and
business
Norcross, GA partnership initiatives.
Supported cash management function through forecasts, financial
analyses, currency policies and interactions with bankers.
Served in key roles in negotiating with investment bankers,
investors and banks on
divestiture activities, private placements and capital
markets endeavors.
Contributed to the successful divestiture of three company
subsidiaries including taking one subsidiary public.
Joseph A. Medlin
Manager of AGCO CORPORATION A publicly traded $3 billion equipment
manufacturer.
Corporate 1994 - 1997 (Left to pursue higher growth opportunity.)
Planning
Established budgeting process after MBO with ultimate
responsibility for eighteen brands in
in 140 different countries.
Developed strategies for increasing dealer sales
through cross-over contracting and product
homologations.
Assisted treasurer in structuring and negotiating $1 billion
multi-currency revolving credit facility.
Duluth, GA Facilitated annual strategic planning process involving
the Board of Directors.
Integrated standard costing components based on overhead
burden, forecasts, component costs, freight, labor, foreign
exchange, product liability and warranty issues for
management of brand profitabilities.
Evaluated financial reporting and budgeting systems.
Handled public relations and investor relations issues
including labor disputes.
. Contributed key inputs into numerous M&A transations
including presentations on target valuation, synergies, and
earnings impact for the board of directors and an array of
investment stakeholders.
Implemented EVA/ROIC methods to evaluate acquisitions and
brand management.
Consultant KURT SALMON ASSOCIATES, INC. A global strategy consulting firm
1993 - 1994 (Excessive travel and AGCO opportunity.)
Atlanta, GA
. Provided consultation to clients on mergers and acquisitions
projects and strategies.
. Assisted clients in developing financial strategies
including cost improvements, budgets, and financial
analysis procedures.
. Advised clients on marketing programs including distribution
strategies and product offerings.
. Served as keynote speaker at industry meetings on M&A trends
and processes.
. Presented engagement proposals and situation assessments to
clients' board of directors and internal and external
stakeholders.
Assistant THE FUJI BANK, LTD. A Japanese bank with approximately $350
billion in assets
Vice President 1989 - 1991 (Left to attend graduate school.)
. Generated $265 million of banking relationships including
credit and hedging instruments.
Atlanta, GA . Developed a strategy for re-negotiating the bank's $115
million share of a $2 billion bankruptcy restructuring
involving 83 institutions from 6 countries.
. Advised Japanese clients on establishing operations within
the U.S.
Analyst METROPOLITAN FEDERAL A savings and loan institution
1987 - 1989 (Left for international opportunities and graduate
school preparation.)
Nashville, TN . Constructed financial models to evaluate project and
loan performance.
. Developed and executed plans to divest foreclosed assets.
EDUCATION
THE UNIVERSITY OF MICHIGAN Ann Arbor, MI
School of Business Administration
Master of Business Administration, May 1993
THE UNIVERSITY OF TENNESSEE Knoxville, TN
College of Business Administration
Bachelor of Science in Business Administration, May 1987
. Major in Finance.