Vice President Management
Resume:
HERBERT D. MONTGOMERY
Danville, CA 94506-2072
(Phone) 925-
***-**** (Fax) 925-***-****
(Cell) 415-***-**** (email)
**************@*******.***
Qualification: A highly experienced executive focused on high growth
environments in a broad number of industries: taken three companies
public; completed several secondary offerings; taken a NYSE company
private; acquired & merged over 30 companies; initiated 15 public
syndications; rolled up 26 public Master Limited Partnerships into a
corporate structure, and took it public; turned around 4 companies;
developed several new financial products for the insurance industry;
and is a key strategist in business development.
A motivational leader with excellent communication and interpersonal
skills, and a record of developing strong management teams. Industry
experience spans: high technology (hardware and software); financial
services; manufacturing; leasing; banking; pharmaceuticals;
engineering; and construction.
Education: CALIFORNIA STATE UNIVERSITY, Northridge
Master of Science - Management Science & Finance
Bachelor of Science - Finance & Accounting
Experience: LIGHTPOST HOLDINGS, LLC, Morgan Hill, CA, January 2001 -
December 2008
Executive Officer & CFO
Joined the Board in May of 1999 and joined the Company in January
2001. High growth $140 million NYSE Company, marketing through a
dealer network that lacked fundamental business structure and
required turnaround management to focus on core business growth.
Partnered with the interim CEO in recruitment and selection of 5 new
Board members; served as interim CEO and hired a permanent CEO.
Developed a restructuring plan aligning business process with
organizational responsibility, evaluated management fit to the new
structure, and replaced a majority of senior management. Initiated
firm wide systems & control requirements, while refocusing
management's responsibility on profitability. Reorganized and
staffed the finance function from a small company environment, to an
organization capable of supporting dynamic growth. Upgraded IT
operations to provide effective data metrics of critical
information. Implemented critical cash management controls to
minimize cash consumption. Arranged financing, negotiated valuation,
and took the company private in 2004.
STANDARD MEDIA INTERNATIONAL, INC. San Francisco, CA, November 1999 -
January 2001
Executive Vice President, Chief Financial Officer and Treasurer
Company grew from $38 to $150 million in one year. Privately held
publisher of "The Industry Standard" tech. magazine, and e-commerce
portal site; expected an IPO within 12 months. Ex officio member of
the Board.
Completed 1st round financing of $30 million with six major venture
capital investors. Established an international subsidiary for
Western European publishing operations. Evaluated and negotiated
acquisition opportunities. Recruited and developed infrastructure
staff, and implemented an ERP system (PeopleSoft) for financial
reporting and control of operational performance, and Human Resource
management systems. "IPO ready". Outsourced IT to an ASP provider.
Responsible for Strategic and Business Development, M&A, Legal,
Human Resources, and International Expansion.
COTELLIGENT, INC., San Francisco, CA, January 1998 - November 1999
Senior Vice President, Chief Financial Officer and Treasurer
NYSE listed $450 million, IT professional services company,
providing technical software, design, development, and turnkey
implementation. Ex officio member of the Board.
A high growth environment - driven by an active acquisition program
- integrated and completed 13 acquisitions in 2 years. Negotiated
and marketed a public secondary offering raising over $80 million,
that was 300% over subscribed. Developed a strategic plan to
reorganize in order to achieve a dominant market position. Developed
criteria for acquisition selection, pricing, and comprehensive due
diligence program for "pooled and purchased" methods of acquisition.
Qualified and listed company on NYSE. Arranged a syndicated line of
credit of $100 million.
GUY F. ATKINSON COMPANY, San Bruno, CA, June 1994 - January 1998
Senior Vice President, Chief Financial Officer and Treasurer
NASDAQ listed $650 million, international engineering & construction
company public and private sectors.
A turnaround and bankruptcy workout situation that required
restructuring and plan of reorganization, liquidity crisis
management, and a refocus of the core business to allow for the
possibility of returning to profitability. Divested three non-core
operations - raised $140 million in cash, and retired bank debt.
Developed an international banking syndicate, reducing capital costs
50%. Managed DCAA compliance and developed a margin improvement plan
resulting in a 60% improvement. Provided timely, and exception
oriented financial information. Increased bonding capacity 100%.
Completed bankruptcy plan of reorganization resulting in the sale of
the company.
HARDING LAWSON ASSOCIATES, INC., Novato, CA, August 1989 - June 1994
Vice President, Chief Financial Officer and Treasurer
NASDAQ listed international environmental remediation, engineering
company, grew from $60 to $120 million. Ex officio member of the
Board.
Refocused management team to key operational performance criteria
resulting in margin improvement of 25%, while growing at 30% and
achieving an 18% ROE. Selected, negotiated and acquired six
companies, resulting in 30% external growth. Arranged increased
lines of credit to support growth. Restructured overhead and legal
operations to a decentralized organization - reducing costs by 50%,
and upgraded key staff. Replaced computer and software systems with
online database network. Initiated human resources function -
improved employee benefits while reducing costs 10%.
THE PACIFIC COMPANY, Walnut Creek, CA, September 1987 - August 1989
President
Consulting practice focused on emerging high growth, and turnaround
environments.
Arranged a $30 million subordinated debt for a real estate
developer. Acquired investment properties for investors, and a
troubled commercial bank - completed a successful turnaround of the
bank and sold it for a 300% gain. Established a captive leasing
company for an equipment manufacturer. Provided direction for
("IPO's"), liquidity crisis management, strategic high growth
development, financial systems and controls.
PLM INTERNATIONAL, INC., San Francisco, CA, October 1981 - September
1987
Senior Vice President, Chief Financial Officer and Treasurer
AMEX listed investment financial services, and leasing company, with
growth from $12 to $150 million. Ex officio member of the Board.
A turnaround situation that required divesting non-core operations
and investments. Implemented a reorganization plan that provided a
basis for growth, and achieved a 28% ROI. Completed an Initial
Public Offering ("IPO"). Developed and marketed over 40 public and
private syndication's. Rolled-up 26 limited partnerships into a
corporate structure, and completed a "2nd IPO". Established
extensive bank and investment banking relationships. Arranged for
and negotiated over $600 million in syndicated debt structures.
ISU COMPANIES, INC., San Francisco, CA, March 1980 - October 1981
Vice President Finance and Treasurer
Venture capital start-up of Merrill Lynch & Co to franchise
insurance brokers. Ex officio member of the Board.
Designed, and marketed franchise financial products: 1) "MONEY
MAXIMIZER" a cash investment system for increasing insurance premium
income, 2) premium financing, and 3) an automatic multi-state bank
daily funds sweep network. Qualified franchising in 35 states.
NATIONAL SEMICONDUCTOR CORP., Mountain View, CA, November 1978 -
March 1980
Vice President Finance and Administration
NYSE listed $250 million subsidiary manufacturing IBM compatible
mainframe computers.
Engineered a turnaround and reduced operating expenses 60%. Reduced
inventory by 30% through JIT and MRP scheduling negotiated cost
reductions resulting in increased margins of 25%. Arranged $200
million line of credit, and established a third party leasing
program. Standardized contracts a 50% cost reduction.
PERTEC COMPUTER CORPORATION, Los Angeles, CA, October 1973 - November
1978
Vice President Operations Administration
AMEX listed manufacturer of mini computers that grew from $15 to
$200 million.
A high growth turnaround - required strong financial reporting and
controls - improved profitability and achieved a 45% IRR. Completed
four acquisitions. Implemented both direct and absorption cost
control systems for product profit analysis. Installed an MRP
inventory control system, and mainframe computer. Managed
construction of one million square feet of new plant. Restructured
benefit programs saving $300,000.
Associations: Chairman, Institute for OneWorld Health (non-profit) 2000 -
Present
Vice Chairman, Lightpost Holdings, LLC (Thomas Kinkade Company) 1999
- 2010
Director, Bank of San Clemente 1987 - 1991
Director, Center for Living Skills (non-profit) 1986 - 1991
Director, (Ex officio) for 7 publicly listed companies
Member, National Association of Corporate Directors
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