Management Project

PAUL J. MORETTI, CPA

***** **** ***** ***** 502-***-****

Louisville, KY 40245 abhv00@r.postjobfree.com

FINANCIAL EXECUTIVE

> Seasoned financial executive with 25 years of success in leadership

positions.

> Enthusiastic, passionate, collaborative, hands on, leadership style;

effective at leading change.

> Entrepreneurial vision; development of innovative strategies and

solutions.

> Analytical and systematic approach to problem solving; encourage

exploration of creative alternatives.

> Communicate effectively with diverse audiences; investors, board of

directors, senior management, staff.

> CPA with experience and consistent record of achievement in:

Business Development Planning & Analysis Reporting and Control

Capital Planning & Raising Strategic & Operational SEC & Regulatory

Planning Reporting

Profitability Improvement Process & Productivity Audit\GAAP

Optimization

Mergers & Acquisitions Opportunity Identification Accounting Policy

Strategic Alliances & Profit\Loss Management Financial Controls

Investors

Contract Negotiations Budgeting & Forecasting Policy & Procedures

Credit and Banking Project Management Treasury Management

Facilities

PROFESSIONAL EXPERIENCE

MINOVA NORTH AMERICA, Georgetown, KY 2010-Present

A leading manufacturer and supplier of chemical-based consumables, steel

strata support systems, associated equipment and services for rock bolting,

ground consolidation, ventilation and water control in the underground

mining, tunneling and civil engineering industries. Minova North America

operates six steel and three chemical manufacturing sites located in 7

states and Canada and has approximately 450 employees and $300 million in

annual revenue. Minova North America is a wholly owned subsidiary of Orica

LTD, an Australian publicly traded company with approximately 15,000

employees located in 52 countries and $7 billion in annual revenue.

CFO

Reporting to the CEO, manage a staff of 15 with overall responsibility for:

Finance (financial reporting, budgeting and forecasting, accounting policy,

audit, internal controls, tax and treasury management); Mergers &

Acquisitions; Information Technology; Payroll; Insurance; Legal and;

Compliance. Member of Executive Leadership Team serving on the Management,

Strategic Planning and Project Management committees.

. Lead Executive overseeing the implementation of $10 million in profit

enhancement initiatives.

. Led the acquisition of a $15 million Canadian based steel plate

manufacturer and a $1 million Chemical distributor.

. Led the development and implementation of major enhancements to the

financial and operating internal control structure in response to a

fraud that occurred prior to my employment.

. Developed a business and market driven based budgeting and forecasting

process.

. Implemented a project management process in the Information Technology

department that prioritizes resources and provides accountability for

completion of assignments.

. Restructured the Finance department from a transaction driven

operation to a reporting and analysis, budgeting and forecasting,

internal control and business support group.

PAUL J. MORETTI Page 2

HILLIARD LYONS, Louisville, KY (owned by PNC Financial Services from 12-1-

98 to 3-31-08) 1999-2009

A privately held Limited Liability Corporation (LLC) consisting of: a full-

service, self-clearing, regional broker/dealer; a registered investment

advisor and a Kentucky charted trust company with: approximately 1,100

employees, 75 offices located in 12 states, customer assets of $33 billion,

and $250 million in annual revenue.

Executive Vice President and CFO

Reporting to the CEO, managed a staff of 10 with overall responsibility for

credit and banking relationships, treasury management, sales force

compensation, management and regulatory reporting, budgeting and

forecasting, accounting policy, audit, tax and internal controls. Key

business unit liaison accountable for mergers & acquisitions, strategic

planning, new business initiatives and project management. Member of

Executive Leadership Team serving on the Executive, Operating, Strategic

Planning, Project Management, Compliance, Internal Audit and Credit

committees.

. Co-led the due diligence process for the $385 million divestiture of

Hilliard Lyons from PNC Financial; managed a $140 million private

placement offering; converted the parent company and all subsidiaries

from a corporation to a LLC partnership.

. Led the development and implementation of profit initiatives that

resulted in $30 million of incremental profitability; revised

compensation plans to meet business needs while reducing expense by $5

million; provided operating flexibility through the restructuring of

covenants for a $50 million credit facility; implemented a pricing and

resource allocation software and consulting system that increased

equity revenue by 10%; reduced finance staff by 40% while increasing

workload capacity and operating efficiency by aligning

responsibilities with skill sets and use of automation.

. Developed and implemented a strategic plan that established the

company's vision and direction; a project management system that was

used to prioritize initiatives and allocate resources; key business

driver scorecard to monitor business activities; peer group comparison

reporting to assist in identifying potential revenue growth and

expense control opportunities; business based budgeting and

forecasting process and model used to identify changes required in

operating plans.

. Developed and implemented a $30 million employee unit purchase plan

that provided ownership opportunities for non-accredited investors; a

private ownership purchase and sell transaction service to provide

liquidity for investors.

. Led the implementation of Sarbanes-Oxley and the process for the

selection of a new audit firm.

PNC FINANCIAL SERVICES GROUP, INC., Pittsburgh, PA 1987-1998

PNC Financial Services Group Inc. is the 5th largest institution based on

deposits. PNC Financial Services Group Inc. has assets of approximately

$280 billion and operates primarily in the northeastern section of the

United States.

Controller, PNC Advisors 1997-1998

Asset management, trust, brokerage, and private banking service business

for high net worth clients. Assets under management of $50 billion.

CFO, PNC Investments - a NASD bank broker / dealer with 250 financial

consultants 1992-1997

Manager, Consumer Banking Financial Reporting and Business Analysis 1991-

1992

Manager, Corporate SEC Reporting and Accounting Policy 1988-1991

Supervisor, Regulatory Reporting, PNC Bank 1987

PAUL J. MORETTI Page 3

PRICEWATERHOUSE, Public Accounting Firm, Pittsburgh, PA 1984-1986

Senior Accountant

Internship, spring semester of 1984

EDUCATION AND LICENSES

. Bachelor of Science, Accounting, The Pennsylvania State University,

1984

. University of Pennsylvania - Wharton Business School - Changing Nature

of the Financial Services Industry, April 2000

. Securities Industries Financial Management Association CFO

Roundtables, 1999 to 2010

. Certified Public Accountant

. NASD Series 7 and 27

. Chartered Wealth Advisor

PROFESSIONAL AND COMMUNITY MEMBERSHIPS

. American Institute, Kentucky State Society and Pennsylvania Institute

of Certified Public Accountants

. Financial Executives Institute

. Securities Industry Association

. Greater Louisville, Inc., Finance Committee Member

. Kentucky Council on Economic Education, Past Chairman of the Board

. Sacred Heart Schools, Vice Chairman of the Board and Executive

Committee Member, Former Chairman of the Finance Committee

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