Ted Stokes Cell: 408-***-****
*** ******* ***., *** ****, CA 95125 abisy5@r.postjobfree.com
Financial Executive
Finance / Manufacturing Operations / Corporate Controllership
Results-oriented, highly accomplished financial management executive with
extensive financial and operational leadership experience encompassing
corporate finance, P&L management, financial analysis / forecasting, cost
accounting, acquisition due diligence, business reengineering, and
turnaround initiatives. Demonstrated ability to streamline operations
increasing efficiency, productivity, and bottom line profits. Visionary,
strategic, and conceptual thinker, able to analyze opportunities or issues,
generate new ideas, and initiate change. Resourceful problem solver with
ability to stabilize situations, execute due diligence, and resolve mission
critical challenges. Effective communicator with exceptional team building
skills and ability to coordinate cross-functional groups to accomplish
objectives and meet critical deadlines in high growth and diverse
environments.
Areas of Expertise
Leadership & Mentoring Productive Business Operations Management
Reengineering
Budgeting & Financial Startup & Turnaround Performance Measurement
Control Management
Business Model Strategic Planning & Staff Development
Development Execution
Professional Experience
Independent Consultant
2009-Present
Working with Start Up companies, building their Executive Summaries,
PowerPoint Presentations, and 5 year Financial Forecasts.
Also, providing introductions into the investment community.
Sigma Designs, Milpitas, Ca.
$100 mil Semiconductor Company
Consultant 2008-
2009
Assisted the Corporate Controller with Oracle 12 implementation for the
Cost Module and process control for G/L monthly closing.
Also managed the Sox Consultant Team with 1st pass testing for Finance and
Operations, and problem solving the GL, along with providing testation
document support.
Additionally, managed the CPA Firm's requirements from Finance that
resulted in meeting the quarterly close schedule for the first time in 3
quarters.
247 WorkSpace, Morgan Hill, CA 2006 - 2008
$18M leading office furniture and design company with worldwide
headquarters in California and offices in Texas and Malaysia.
Director, Finance & Operations
Recruited to manage financial and operational turnaround within distressed
furniture manufacturer / distributor resolving critical debt issues.
Directed Finance department managing daily cash flow to maintain solvency.
Reconciled critical balance sheet accounts and created tools to drive cash
collections. Ensured timely delivery of product and contract terms
communicating extensively with customers and vendors. Mentored Sales
Associates
In utilizing reengineered sales closure tools and techniques.
Major Achievements:
> Reduced DSO from 85 days to 55 days via reengineering of Finance
department and establishment of goal / corporate direction.
> Negotiated payment plan with California Department of Equalization
resulting in reduced up front cash requirement, resulting in 12 month
payout period.
> Realigned Sales and Sales Support organization increasing revenue
generation,(from 850k to 1.2 mil/month) along with enhanced customer
communication, and internal team building.
> Accelerated cash collections increasing short term cash flow by 60% and
developed two year growth plan for senior management execution.
Transmeta Corporation, Santa Clara, CA 2003 - 2006
$50M developer of innovative computing, microprocessor, and semiconductor
technologies and related intellectual property.
Operational Controller
Directed all aspects of operational functions to ensure financial
stability, corporate growth, and regulatory compliance. Managed operational
staff and provided support schedules / commentary for Q & K filings.
Selected Achievements:
> Implemented SAP Job Order System and installed Cost Module increasing
profitability, productivity, and cash flow management.
> Established monthly reconciliation with offshore manufacturer ensuring
clear communications and lean manufacturing.
> Key player within SOX implementation with emphasis on Operations and
General Accounting compliance.
> Participated in implementation of Rule 123R and provided critical
schedules to support SEC reporting and MDA content.
DRS Data Systems, San Jose, Ca.(headquartered in NJ) 2001 - 2003
$50M operating group within $1.0 Billion corporation manufacturing
ruggedized mission recording products and high capacity data storage
systems for government and commercial applications.
Group Chief Financial Officer
Managed group operations within Finance, Purchasing, Human Resources, and
Order Entry encompassing A/R, A/P, general ledger, cost accounting,
customer relations, and employee communications spanning three operating
entities, one located in Bulgaria. Identified acquisition and merger
targets to expand market penetration.
Selected Achievements:
> Achieved successful turnaround within San Jose operation utilizing cost
strategies and more effective reporting.
> Managed divestiture of San Jose, CA, Wisconsin and Bulgarian operations.
Law Cypress Company, San Jose, CA 1998 - 2001
$140M distributor of content management and eBusiness solutions.
Corporate Controller
Ensured successful financial operations within corporate headquarters and
two subsidiaries. Managed tax issues, cash flow, and banking relationships
including covenant compliance. Enhanced cost accounting controls and
measurements. Assisted in positioning the company to evaluate possible IPO
and move to Nevada.
Selected Achievements:
> Executed $3M acquisition and merger ensuring superior due diligence and
transition to integrate operations.
Advanced Component Labs, Inc., Sunnyvale, Ca. (Headquartered in Hong Kong)
1997 - 1998
$75M U.S. fabricator of "Quick Turn" High Density Interconnects.
Corporate Controller
Led turnaround through cost analysis and strategic marketing initiatives.
Directed financial operations for two sites. Placed subsidiary into Chapter
11 Bankruptcy and negotiated federal tax relief issues.
Carme' Incorporated, Novato, Ca.(Headquartered in Michigan) 1995 - 1997
$20M manufacturer and distributor of specialized skin care products.
Vice President / Chief Financial Officer
Identified fraud from previous CFO & CEO that resulted in placing company
into Chapter 11 Bankruptcy. Reengineered and restructured management
realizing corporate stability and growth in 18 months. Managed crisis
environment during turnaround and sale of company. Oversaw preparation of
materials for SEC investigation. Built and developed investment banker
relationships and prepared all due diligence materials for potential
buyers.
Selected Achievements:
> Preserved 100% of employee positions ensuring successful transition and
rapid corporate growth.
> Achieved 10% growth in revenue and 3% bottom line increase while in
Chapter 11 Bankruptcy.
> Saved $1.5M by reducing inventory and increasing sales during the
bankruptcy and prior to the closure of the company sale.
Prior tenure:
Assistant Corporate Controller, Operations, Wyse Technology, San Jose, CA
1990 - 1995
Company was in Chapter 11
Assisted management with restructuring and implementation of strong
operational financial controls and measurements, to help rebuild this
well known $450M computer terminal company's position in the
marketplace.
Systems:
SAP, Oracle, QuickBooks
[pic]
Education
B.B.A., Accounting / Finance, University of Massachusetts, Lowell, MA
Professional Affiliation
Member, The Turnaround Association of America
SVASE