Manager Vice President

GERALD R. KOLOSKY

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Peekskill, New York 10566

914-***-**** - Home 914-***-**** - Cell

********@*********.***

Senior Financial Executive with expertise in wholesale and retail

distribution, service and manufacturing organizations. Responsibilities

include finance, administration, operations, treasury and human resources.

1992 to K & H CORRUGATED CASE CORP., Walden, New York

Present Manufacturer - Corrugated Cartons

Chief Financial Officer/Vice President 1992 to Present

Member - Board of Directors 1993 to Present

. Prepare monthly, multi-plant individual and consolidated,

GAAP compliant financial statements including Balance Sheet

account analysis and P & L variance analysis.

. Prepare and publish consolidated annual and quarterly

operating results including management discussion and

analysis.

. Negotiate multi-million dollar banking relationships in three

states including mortgages, equipment loans, working capital

lines and cash management facilities such as lock box

receipts and controlled disbursement payments.

. Initiated environmental enhancements by eliminating on-site

diesel storage and by removing and/or decertifying all below

ground storage tanks in compliance with governmental

regulations at all levels.

. Responsible for financial and other presentations to the full

Board of Directors at regularly scheduled semi-annual

meetings. Conduct briefings to individual Board Members on an

ad hoc basis.

. Centralize accounting and computer operations in the Walden

headquarters office. Primary operational software was

transferred to a single IBM Risc 6000 Unix box with 56K

telephone line connectivity to the Vermont and Connecticut

plants. Personal computers were introduced to all

manufacturing machine Iocations and office work stations.

Insured Y2K compliance on all hardware and software.

. Transitioned trucking from a combination of aging, owned,

rented and leased vehicles to a modern fleet of leased

vehicles from a single provider. Later participated in the

conversion to dedicated logistics resulting in the

elimination of ten (10) drivers, forty-three (43) vehicles

and direct responsibility for workers compensation liability.

Service to our customers improved and total costs were

reduced marginally.

. Analyze, select and monitor the performance of business and

workers compensation insurance policies and all employee

benefit programs.

1980 to AQUASCUTUM OF LONDON, INC., New York, New York

1992. Importer/Wholesaler/Retailer- Fine English Tailored Clothing

Vice President - Finance/Secretary 1984 to 1992

Treasurer/Secretary 1980 to 1984

. Prepared monthly and year end statements in US$ and British

Pounds Sterling.

. Developed detailed annual budgets and strategic plans.

. Managed importing activities, foreign exchange transactions

and letters of credit.

. Negotiated new banking relationship which lowered the rate by

1,050 basis points and reduced usage of the line by refined

cash management techniques.

. Increased monthly statement transmittal to parent company

from 2-page outline to 20-page package of detailed

comparative statements and supporting schedules. Timing was

improved from 20th calendar day to the 5th working day.

. Redesigned all accounting and operational procedures while

converting to PCs and mini-computers.

. Established and administered all Personnel/Payroll policies

and procedures.

. Revised employee and business insurance packages to achieve

superior coverage and a cost reduction of 25%.

. Selected and installed computerized POS sales/inventory

reporting and control system for new national network of free-

standing stores and leased departments.

. Negotiated all retail support contracts and enforced terms of

license agreements.

1972 to 1980 ROSENTHAL (CHINA) USA LIMITED, New York, New York

Importer/Wholesaler/Retailer- Fine China

Vice President-Administration/Controller/Secretary 1974 to

1980

Vice President-Administration/Controller 1974

Controller 1972 to 1974

. As Controller of five operating and holding companies,

prepared all monthly and year end financial statements,

detailed annual budgets and periodic five year plans.

. Supervised 20 in accounting, EDP; warehouse, office and

showroom functions.

. Directed treasury activities involving multi-corporate bank

lines of credit in excess of $16,000,000 and inter-company

borrowings in excess of $10,000,000.

. Executed foreign exchange transactions. Managed importing

activities.

. Reduced over 60 day accounts receivable balances from 70+% to

20-% with a resulting decline in the provision of doubtful

accounts from 1% to 1/2 of 1%.

. Restructured inventory control procedures and improved

warehouse productivity.

. Directed the conversion of Univac 9200 card system to disk,

which significantly improved financial reporting and

analysis, statistical reporting, purchasing and inventory

control with the concurrent benefit of reduced net cost.

. Lead member of team which negotiated three union contracts

within corporate guidelines and without lost time due to

strikes.

. Key member of team which negotiated sale of retail store and

subsequent acquisition of a manufacturer of technical ceramic

products.

. Maintained contacts in the professional community, including

attorneys, bank officers and accountants.

1966 to 1972 AMERICAN CYANAMID COMPANY

Standard Coated Products Division, Buchanan, New York

Manufacturer and Distributor -Vinyl Wallcoverings

Manager-Administrative Services 1968 to 1971

Acting Credit Manager

Accounting Supervisor 1966 to 1968

Joined Standard Coated as Accounting Supervisor.

Responsibilities expanded dramatically to ultimately include the

accounting, systems, distribution, personnel and office

management functions.

. Instituted a training program and designed office layout for

a new wing which reduced office personnel by 15%.

. Directed conversion of billing, payroll and general ledger

systems. Meaningful savings resulted in the transfer from

manual to IBM 360.

. Prepared various financial statements and special reports for

the Treasurer.

. Supervised distribution of products to over 2,000 retail

locations.

. Responsible for all personnel functions and interdepartmental

liaison

1958 to 1966 ALLSTATE INSURANCE COMPANY, White Plains, New York

Insurance

Involved in multi-divisional atmosphere where I received an

excellent foundation in operations and problem solving

techniques. During this period I progressed rapidly through a

series of supervisory assignments in accounting and data

processing, moving from the Regional (production) Office to the

Zone (supervisory) Office.

EDUCATION: lona College - B.A. in Economics -1958 - Dean's List

AVOCATION: Instructor in Accounting

REFERENCES: Business and personal references will be furnished upon

request.

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