DARRYL L. CANFIELD, MBA, CPA

***** ********** ***** acvcwb@r.postjobfree.com

Shelby Township, MI 48317 www.linkedin.com/in/dlcanfield C: 617-***-****

SENIOR FINANCIAL / ADMINISTRATIVE OFFICER

Accounting and Finance Executive Level specialist in mid-sized life science, high technology, and consumer products companies. In-depth experience in the following areas:

Growing Shareholder value

Successful Stakeholder Management

SEC reporting

IPO preparation & execution

Corporate Governance

Sarbanes Oxley compliance

Mergers, acquisitions, joint ventures

Forecasting and strategic planning

IT management, systems conversions

Audit Committee reporting

Cash Flow Management

Investor & banking relations

Financial control over rapid growth companies

International financial management

and control

Treasury, risk management, corporate taxation, currency

PROFESSIONAL EXPERIENCE

HIGH BRIDGE PARTNERSHIP, LLC, Boston, MA & Greater Washington DC Metro Areas 2010 – Present

Co-founder, Managing Partner

• Financial Consulting Services to development stage and small companies in the Washington DC and Boston

metropolitan areas, primarily in life science, technology, and consumer products verticals.

PICTOMETRY INTERNATIONAL CORP., Rochester, New York Area 2007 - 2009

$50 million internationally recognized provider of geo-referenced, high resolution oblique and orthogonal aerial image

libraries and related software; captured over 50 million digital aerial images in over 600 counties in the United States

covering over 80% of the United States population; licensed in over 140 countries and territories around the world.

Chief Financial Officer & Treasurer, Chief Accounting Officer - Recruited by this high-growth start-up company

to plan and execute an IPO.

• IPO Preparation: Led all aspects of an IPO. Managed a “bake-off” selection process and rounded out the

investment banking syndicate. Held Organization and Analyst Meetings and numerous investment bank update meetings; and created the initial registration statement, Form S-1, ready for submission to the SEC.

• Budgeting and Forecasting: Installed a budgeting and forecasting system in anticipation of a public offering,

with new emphasis on key drivers – better visibility, accountability, and control of revenues and expenses.

• Revenue Recognition: Researched and led process to resolve a technically complex issue regarding

revenue recognition to achieve compliance with US GAAP. Initiated outside auditor national office contact

with the SEC and kept the Board informed throughout the process, which resulted in SEC approved

alignment of revenue recognition compliance and recasting of financial statements; savings of $1.2 million.

• Internal Controls: Upgraded internal controls and the corporate governance to comply with NASDAQ

requirements in anticipation of the IPO. Reduced risk of error in preparation of financial statements.

BIOPHAN TECHNOLOGIES, INC. (OTC:BIPH), Rochester, New York Area 2005 - 2007

Development-stage public biotechnology company with over 50 issued U.S. patents and over 100 international patents

in biomedical implantable device technologies and interventional MRI safety.

Vice President & Chief Financial Officer, Treasurer, Secretary, and Chief Accounting Officer

• Cash Flow Crisis Management: Successfully managed vital cash flows to avoid insolvency and bankruptcy,

despite a key investor default. Cut spending by over 50% to allow time to arrange alternate financing.

• Critical Refinancing: Implemented a critical $7.25 million (PIPE) refinancing for short term survival.

• SEC Filings: Prepared numerous SEC filings - periodic reports, Form S-3 and Form S-1 registrations.

• First-Year Sarbanes-Oxley Compliance: Led a team which documented, tested and evaluated key internal

controls. Reduced outside auditor fees by over $100,000.

GENENCOR INTERNATIONAL, INC. (NASDAQ), Rochester, New York Area 2000 - 2005

$400 million internationally recognized leader in the development and manufacture of innovative diversified products for the biotechnology and health care industries. Rated “Best Place to Work in America in 2005” among small and mid-sized companies.

Vice President & Corporate Controller, Chief Accounting Officer - Led an international professional staff of 65

with 30 in the US and 35 worldwide, comprising 13 legal entities.

• Successful IPO: Joined in April 2000, 4 months prior to the July scheduled IPO date.

Raised $130 million in new capital; one of the last successful IPOs in 2000.

• First Year Sarbanes-Oxley Compliance: Project director of a multi-national cross functional team to

ensure first year compliant with SOX 404. Organized and led this 100-person team to document key

internal controls, tested these controls, evaluated results, and performed remediation where necessary.

Coordinated outside auditor visits to locations worldwide.

• SEC Financial Reporting: Designed and implemented public company processes to support internal

management and SEC reporting which improved the quality of financial information for quarterly earnings

calls. Established a philosophy of continuous improvement, enabling the company to complete SEC

periodic reporting ahead of schedule.

• Technology Leadership: Led a 200-person multi-national project team in the successful implementation

of a major Oracle ERP software upgrade, with no disruption to normal operations. Organized the IT steering

committee into a project team; established a work plan for implementation; created modular testing with

defined acceptance criteria and established user training and acceptance procedures. Avoided use of outside

consultants and saved $2.5 million in consulting fees; and retained all the knowledge within the company.

• Financial Analyses: Directed financial evaluations of numerous proposed biotechnology acquisitions and

joint venture collaborations, including due diligence and overall financial assessment.

• Corporate Governance: Led implementation of corporate governance processes required for public companies.

• Investor Relations: Collaborated with the CFO and VP Investor Relations to create effective investor

communications. Assessed the composition of investors to ensure our messages were attracting investors

with performance expectations similar to those held by management.

SALOV NORTH AMERICA CORP., Hackensack, New Jersey Area 1995 – 2000

Over $100 million national distributor of consumer products

Vice President & Chief Financial Officer

• Designed and developed financial reporting systems that controlled 30% annual growth over 3-year period

• Improved the accuracy of key financial information that led to new profit opportunities for the company.

• Led a successful IT systems conversion to current technology, thus avoiding a major Y2K risk exposure.

Previous Employers:

CURTICE BURNS FOODS, INC. (AMEX), Rochester, New York area 1989 - 1994

$1 Billion, national, 10-division food processor of branded, private label, and food service products

Vice President & Corporate Controller

GENESEE CORPORATION (NASDAQ) Parent of Genesee Brewing Company, Rochester, NY 1988 - 1989

$160 million consumer products, equipment leasing, and real estate.

Vice President & Chief Financial Officer

PRICEWATERHOUSECOOPERS LLP - New York, Rochester, and Buffalo

EDUCATION

COLUMBIA UNIVERSITY, New York, NY - M.B.A. Finance, Graduate School of Business

CLARKSON UNIVERSITY, Potsdam, NY - BS, Accounting (Cum Laude)

PROFESSIONAL ACCREDITATIONS, MEMBERSHIPS, AFFILIATIONS, TRAINING

• Certified Public Accountant, New York and Virginia

• Member: AICPA, NYS Society of CPAs, Virginia Society of CPAs

• Past President and Current Board Member of Rochester Chapter - Financial Executives International

• Member, Capitol Chapter – Financial Executives International

• Past Treasurer & Executive Board Member, Rochester Chapter of American Red Cross

• Executive Advisory Board Member and Fellow - Roberts Wesleyan College

• Member: ACG – Association for Corporate Growth – Boston Chapter

• Frequent speaker to professional and academic groups regarding technical financial and business issues

• Recent Professional Training Updates:

• Sponsored by Financial Executives International:

• 2013, 2012, 2011 CFO Best Practices Update

• Annual IPO Seminar

• CFO Ethics Summit

• Cloud Computing

• 2014, 2013, 2012, 2011 Revenue Recognition – Recent Developments

• Lending Practices in Merger Integrations

• 2012, 2011 International Operations – Expansion, U.S. Tax & Employment Update

• ROI on Software-As-A-Service (SaaS)

• Sponsored by Deloitte:

• IFRS / US GAAP Update

• Sponsored by KPMG:

• How to Envision, Strategize, and Lead to Achieve Enterprise Resilience

• Corporate Governance

• MIT Sloan CFO Summit – 2013, 2012, 2011, 2010

PERSONAL INTERESTS

Competitive Singles Tennis, Golf, Gardening, Labrador Retrievers, American Period Antiques, Sports Cars

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