CLAYTON W. WHITEHEAD, MBA, CPA
***** ****** ***** *****, *******, TX 77429 ? H: 281-***-**** ? C:
713-***-**** ? abigo8@r.postjobfree.com
Accounting and financial professional
SUMMARY
Savvy and Seasoned in: Accounting ~ Finance ~ Business Transformation
Versatile, motivated self-starter, who has often been specifically
recruited to direct critical financial operations restructuring because of
outstanding reputation for producing unmatched results. Drawing on a
variety of cross industry exposure, discernibly selecting and implementing
appropriate Best Practices to fit the situation. Seamlessly manages all
daily financial duties, while providing guidance and expertise in
negotiating with outside organizations, including lenders and auditors.
Hands-on developer and manager of highly qualified financial teams, who is
just as successful when tasked with assuming leadership of specific
projects. Outstanding oral, written and analytical communication skills in
interacting with all levels of the organization and providing owners and
Senior Management with detailed analysis and key insight for making sound
business decisions.
CORE COMPETENCIES
Standard Cost ~ Accounting ~ Taxation ~ SEC Reporting ~ Audits ~ Work Outs
~ Mergers & Acquisitions ~ Due Diligence
Operations Management ~ Debt Repayment ~ Change Management ~ Project
Management ~ Software Selection
Pro Forma Projections~ Budget Planning ~ Financing Agreements ~ Projections
~ Daily Cash Management ~ Cash Conservation
Team Development & Leadership ~ Lender Negotiations ~ Business
Transformation ~ Monthly Reporting Systems
EDUCATION AND PROFESSIONAL DEVELOPMENT
MBA, Houston Baptist University, Houston, TX
Bachelor's Degree, University of Illinois, Urbana, IL
Certifications and CPEs
. Texas CPA - Annually complete Texas CPE in tax, audit and accounting
areas.
. Successfully Completed IBM's Professional Consulting Boot Camp,
Project Manager Boot Camp, IT Strategy and Planning Methodology and
WISSDOM Project Methodology training.
Professional Development
. Partner, Whitehead & Chambers, CPAs, 1984 - 1996
. Adjunct Professor of Accounting, University of Houston, 1985 - 1987
RECENT EXPERIENCE
Tarkett, Paris, France
2004 - 2010
International flooring products manufacturing and dustribution company.
VP Finance and Controller - Commercial Tile Division, NA, and Texas Tile
Manufacturing, LLC, Houston, TX
Recruited to head critical organizational accounting and finance operations
restructuring, directing efforts to consolidate production from two
facilities into one, resulting in formation of a new JV of Houston factory.
Key member of the Acquisition/Due Diligence team that managed a $125M
purchase of a competitor. Oversaw operations for three manufacturing
facilities, seven legal entities and 12 operative reporting structures,
while restructuring the divisional accounting and finance departments.
. Directing the restructuring of a total of $20M in organizational losses
during a four-year period.
. Designing and implementing a new budgeting plan, standard cost techniques
and monthly reporting system and packages to comply with dual GAAP and
IFRS standards.
Tatum CFO Partners, LLP, Houston, TX
2003 - 2004
A national professional services firm.
Houston Partner
Provided expert financial and information technology leadership practices,
specifically serving organizations in the process of undertaking
significant change.
Source One Spares, Inc., Houston, TX
2002 - 2003
International provider of refurbished flight control, landing gear,
actuation and other rotable airframe components to commercial aircraft
operators.
CFO/Controller
Recruited by Senior Management to direct organization's critical Chapter 11
filing and turn-around efforts. Led filing requirements, consummating with
a filing within one month of start of employment. Worked extensively on
cash collateral budgets and performed extensive work on interim DIP
financing projections.
CLAYTON W. WHITEHEAD, MBA, CPA
PAGE TWO
. Developing and implementing a "Bankruptcy Confirmation Plan" budget and
performing and supplying thorough and detailed analysis on exit plan
financing agreements, projections, daily cash management and cash
conservation.
Hi-Port, Inc., Highlands, TX and HI-PORT Aerosol, Cleveland, OH
2001 - 2002
A PetroChem blending, packaging, distribution and aerosol filling
organization.
CFO/Controller
Specifically sought and selected by Senior Management to direct work-out
and turn-around efforts, leading to a successful conclusion through an
arranged foreclosure. Skillfully guided owners in lender negotiations on
financing amendments and financial covenants. Solely managed internal audit
efforts to revise billing procedures and worked extensively with Board
members to obtain additional funding of working capital, focusing on daily
cash flow requirements and borrowing base, negotiated payment plans and
debt repayment.
. Leading efforts to work extensively with potential purchasers and lenders
(Broad Reach Capital, Riverside Capital and Callier Interests) on due
diligence, pro forma projections, sale terms and interim financing.
FOUNDATIONAL EXPERIENCE
rpower (A division of the Realm.com), Houston, TX and New York, NY
A start-up Pre-IPO B2B Internet company with focus on commercial real
estate software space
Division Controller/CFO
. Directing and implementing a consolidation of accounting systems for a
consortium of software houses and managing transaction post closing
efforts.
Home Fragrance Holdings, Inc., Houston, TX
America's fourth largest candle manufacturing, importer and retailer.
(formerly Flintlock, LTD)
CFO/CIO
. Managing transaction due diligence efforts for acquisition with seller
and prospective buyers, while working extensively on formulating five-year
projections, forecasts and analysis in securing the $47M sale and
refinancing consisting of equity, senior term, mezzanine and revolving
credit lines, resulting in debt syndication.
IBM Global Services, Houston, TX
The world's largest information technology services and consulting
provider.
Senior Consultant
. Assisted numerous high-profile clients, including: Oreck Vacuum, Tyson
Foods, Stewart & Stevenson, FINA, Club Corp, Miller Insurance, Western
Auto, Amarillo Hardware, Lufkin Industries, Swope Parkway Medical
Clinic and Georgetown Hospital to perform strategic consulting
services.
JAYARK CORPORATION, Houston, TX and New York, NY (NASDAQ: JAYA)
International importer, distributor and manufacturer of home furnishings,
apparel, printing, seasonal items and electronics.
CFO/CIO
. Completing accounting, finance and IT functions including composition
and compilation of SEC (10Q, 10K, 8K, Proxy and Annual Report) and IRS
filings during 17-year career with company.
. Completing the purchase of two subsidiaries, selling two subsidiaries,
turning around two affiliated companies and providing due diligence
and financial analysis for four acquisition targets
TECHNICAL SKILLS
Systems: Advanced Excel and Access skills, MoveX, Cognos, Hyperion, Carot,
Magnitude, SAP, Peachtree, QuickBooks, Macola, MAS90, Siebel, ManMan, JD
Edwards, PeopleSoft, Vantive, Great Plains, FRX, Adage, Dcom, Platinum,
Libra, Solomon, Acc-Pac, Timberline, MS Project, Project Workbench,
proprietary PICK and WANG, UNIX, MS Query, Query 400, SQL, Visual Basic.
Limited Java HTML and C+. US GAPP, IFRS, SEC requirements.