PATRICIA J. PARR, CPA
**** ********* ****, *********, ** 44286
*******@**********.*** ? Home 330-***-**** ? Cell 330-***-****
FINANCIAL EXECUTIVE
Chief Financial Officer / Controller / Accounting Officer
Financial Executive with over 11 years of diverse leadership experience
with publicly held, multi-national $1.7 billion manufacturer and over 13
years of audit experience with two Big 4 public accounting firms. Strong
technical and organizational skills with the ability to implement
innovative solutions to complex financial challenges and business
initiatives. Leader and team builder with proven communication and people
development skills. Experienced in interacting with the Board of
Directors. Demonstrated accomplishments in:
Financial Management International Business
Treasury Audit & Internal Controls
Accounting & Reporting Credit Management
Acquisitions, Divestitures, & JV's SEC Reporting
Spin-offs & IPOs Sarbanes-Oxley
Banking Relationships Financial Planning
PSC METALS, INC.
$1.1 billion scrap metal recycling company engaged in collecting,
processing and selling ferrous and non-ferrous metals. Operating in 48
facilities in the US and Canada, PSC Metals is one of the largest scrap
processors in North America. The Company is owned by Icahn Enterprises
L.P. (NYSE:IEP), an $8.0 billion diversified public holding company engaged
in a variety of businesses.
Corporate Controller & Assistant Treasurer (2008 to present)
. Function as the Company's chief accountant to ensure compliance with
generally accepted accounting principles.
. Manage the corporate accounting function, including consolidations and
reporting, SOX compliance, cash management, accounts payable, payroll,
pension accounting, and accounting policies and procedures. Direct the
annual audit and quarterly reviews with external audit firm.
. Provided accounting and tax advice and services for nine acquisitions
over the past two years.
QUALITY SYNTHETIC RUBBER, Twinsburg, OH
Privately-held manufacturer of precision tooling and molded elastomeric
components for the automotive and medical industries, with operations in
the USA, Austria and China.
Chief Financial Officer, Treasurer & Secretary (2005 to 2008)
Responsible for all finance related functions, including accounting,
operational analysis, financial reporting, treasury, risk management,
employee benefits, tax compliance and planning, and investment management.
. Managed all financial aspects of start up of manufacturing operation in
China, including plant set up, initiation of a Hong Kong office for the
operation of the "Hong Kong U-turn" for in-country sales, followed by an
analysis of process trading versus general trading for doing business in
China . China operation increased from start-up to over $ 2 million in
volume in 2 years.
. Led all financial efforts to sell this privately-held company to a
private equity firm, which was completed in late 2007.
GROSS SCHECHTER SCHOOL, Cleveland, OH
Privately-held Jewish school which educates nearly 300 children in pre-
school through grade eight.
Director of Operations, CFO (2002 to 2005)
Chief Financial and Administrative Officer responsible for all non-
educational areas of school management, including finance and accounting,
facilities, food services and nutrition, security, risk management,
investment management, purchasing, employee benefits and interaction with
the Jewish Community Federation and government agencies.
OMNOVA SOLUTIONS INC. (formerly GenCorp Inc.), Fairlawn, OH
$800 million manufacturer of performance chemicals and decorative polymer
products. GenCorp, Inc. prior to spin-off was a $1.7 billion manufacturer
of aerospace and defense, automotive and various polymer products.
Corporate Controller & Principal Accounting Officer (2000 to June 2001)
Director, Audit, Accounting and Tax (Principal Accounting Officer)(1995 to
2000)
Director, Accounting and Tax (1994 to 1995) ? Director, Corporate
Accounting (1990 to 1994)
Managed the corporate accounting and reporting, financial planning and
analysis, tax, internal audit and payroll functions which included 22
people with an annual budget of $2.5 million.
. Managed necessary changes to continually downsize functions from 55
people in 1990 to 22 people while maintaining high level of productivity.
. Directed all financial aspects of spin-off of Omnova Solutions from
GenCorp including SEC registration process, obtaining tax-free status
ruling from IRS, developing methodology to split consolidated net assets
as well as pension assets, support for the legal solvency opinion, and
the operational aspects of related transition agreements. Registration
statement cleared SEC in two rounds with less than 25 comments.
. Functioned as chief liaison with Board Audit Committee responsible
for planning meetings, coordinating speakers, preparing the committee
chairman and making most of the presentations. Board presenter for over
10 years on audit and accounting issues.
. Restructured audit function from one that included primarily career
auditors to a dynamic function that rotated new hires through the
function and into operational finance positions in the field.
. Supervised project that resulted in $144 million federal tax refund
for R&D credit which involved thousands of hours of work until ultimately
approved by the Joint Committee on Taxation of Congress.
. Managed cross-functional team that studied the impact of SFAS 106 on
the Company's retiree medical liability and implemented plan changes that
reduced the liability from $800 million to $400 million before the
required implementation date.
. Developed orientation program for new plant controllers to introduce
the corporate staff and related functions, company accounting policies
and corporate interfaces.
. Provided accounting and tax advice and services associated with 13
acquisitions and equity joint ventures and many divestitures over a five
year period including all areas of purchase accounting. Advice on equity
JVs was particularly critical to enable continued consolidation of the
businesses contributed to the ventures.
. Utilized strong accounting and reporting skills in the areas of stock-
based compensation, income taxes, business combinations, restructurings,
environmental reserves, pension and retiree medical liabilities,
intangibles and revenue recognition.
ERNST & YOUNG, LLP, Cleveland, OH
Principal (1987 to 1990)
TOUCHE ROSS & CO., Cleveland, OH, Washington DC, & Richmond VA
Senior Manager (1983 to 1987) ? Manager (1980 to 1983) ? Auditor (1976 to
1980)
Provided audit, accounting and business advisory services on 9 to 15
clients annually. Specialized in large and/or publicly held companies.
. Managed due diligence projects and consulted on complex SEC filings
for the Hallwood Group. Included $100 million restructurings of Brock
Hotel Corp. and GCA Corp, and acquisitions of a Dutch bank and a British
real estate developer.
. Managed services on proposed merger of U.S. public client and Swiss
bank which included complex multi-national registration statement and pre-
clearance conference with the SEC.
EDUCATION / AFFILIATIONS
B.S. Accounting, Virginia Commonwealth University
Certified Public Accountant, Virginia and Ohio
Financial Executives International and AICPA