Financial Executive / CFO
Action-Oriented leader with a strong track record of performance in
extensive and progressively challenging corporate finance.
Utilize analysis, insights and team approach to drive organization
improvements and implementation of best practices. Capable of resolving
multiple and complex (operational, financial, human resources, sales,
legal) issues, superior interpersonal skills and a passion to succeed.
Proven areas of expertise:
Financial & Strategic Planning Sales, Marketing & New Business Development
Public offerings Mergers & Acquisitions
Complex Business & Tax Issues Contract Negations & Strategic Partnerships
Business Expansion & Startups Accounting & Financial Operations
Budgeting & Cost Management Systems & Technology Utilization
PROFESSIONAL EXPERIENCE
E Ink Corporation, Cambridge, MA May
2007 - February 2010
Vice President, Chief Financial Officer
E Ink Corporation is the leader in the research, development and
commercialization of electronic paper display (EPD) technologies and
materials. E Ink is widely acknowledged as the global leader in electronic
paper, having pioneered the field since its founding in 1997.
Completed $500 million M & A Transaction
Completed $15 million equity funding
Completed $18 million debt refinancing
Implemented initial fully burdened cost accounting system
Managed major makeover of accounting and reporting system
Managed implementation of first companywide project cost tracking system
Managed revenue growth of 370% for the last two years. ($41mil-$152mil.)
Candela Corporation, Wayland, MA October
1996 - April 2007
Senior Vice President, Chief Financial Officer and Treasurer
Candela Corporation develops and manufactures medical lasers for use in
dermatological and urological applications. Candela is also the exclusive
distributor of cryosurgical devices for the treatment of prostate disease
and liver metastases. It is a $150 million publicly traded corporation that
markets and services its products in over 61 countries from offices in the
US, Europe and the Far East.
Initiated and completed $34 million public offering - Investment Bank
selection, S1 Registration, Road Show
Negotiated and secured $10 million debt financing
Engineered significant corporate turnaround
Implemented companywide conversion to Oracle ERP/CRM system
Managing companywide Sarbanes-Oxley compliance
Key Responsibilities:
Investor Relations
Banking and Investment
Presentations to senior management and board of directors.
Negotiations of major contracts.
Human Resource, Information Services, Facilities
Integrated Genetics, Framingham, MA
June 1994 - October 1996
Vice President of Finance
IG was a $44 million publicly traded medical and genetic testing
organization. The corporation operated laboratories, research, and service
centers in 11 locations in the U.S., Japan, and Europe. (Integrated
Genetics was purchased by Genzyme Corporation).
Reporting to the President and CEO, with a total staff of 26 and an
operating budget of $3 million per annum.
Key Responsibilities:
Financial management of multi site medical testing organization.
Conversion of companywide billing and reimbursement system.
Preparation of P&L, balance sheet, budget, and forecast reporting.
Presentations to senior management and board of directors.
Structure and negotiate third party reimbursement contracts.
Significant accomplishments included:
In addition to managing the SEC reporting and compliance responsibilities
associated with a public company, significant contributions to increasing
the revenue and the operating profit of the company were accomplished
through reduction of operating cost by consolidation of laboratories and
reimbursement centers.
Revenue was increased through analysis and subsequent revisions in billing
and collection policies implemented with third party reimbursement clients
and insurance carriers.
Successfully completed acquisition of business competitor through
preliminary analysis, due diligence, initial proposal, and final
acceptance. Negotiations with investment bankers on the sale of IG to
majority stockholder resulted in increase, over initial offer, of $6.7
million to shareholders.
LaserData Inc., Tyngsboro, MA 1987 -
1994
Corporate Controller
LaserData with sales of $16 million per annum is engaged in the design,
manufacture, and sale of electronic optical storage and retrieval systems.
Reported to the Senior Vice President of Finance and Operations with a
staff of eight.
Managed treasury function, including short/long-term investments and
negotiation of lines of credit.
Converted manual accounting system to a companywide management information
system (ASK).
Developed initial standard product cost and absorption system.
Reduced inventory and obsolescence through the design and initiation of MRP
& MPS programs.
Successfully managed annual audit, Coopers & Lybrand, through five years
without year-end adjustments.
Prepared Board packages.
Fully staffed and developed finance department.
Avatar Technologies, Hopkington, MA
1983 - 1987
Corporate Controller
Production Manager
Materials Manager/Manufacturing Controller
Avatar was engaged in the design, manufacture, and sale of electronic
interface equipment. Sales were $12 million.
Reported to President with two direct reports and a staff of seven.
Assisted President in negotiations and analysis of acquisition of similar
businesses.
Reduced DSO and improved cash flow through development and implementation
of cash collection programs.
Responsible for the effective control and management of the following
areas: Accounts Payable, Credit and Collections, Payroll, General Ledger,
Inventory Management/Cost Accounting and MIS. Coordinated all monthly P&L,
balance sheet, budget, and forecasting reporting.
Established first PCB production line and managed all PCB, mechanical and
cable assembly, test and rework areas. Planned for manpower, equipment and
space requirements.
Implemented initial development of standard cost and new product cost
system. Installed "ASK" Computer System modules for manufacturing, general
ledger, accounts payable and order management.
Coordinated production planning and control, under restrictive credit
conditions, to ensure timely and efficient flow of materials into
manufacturing process.
Data General, Westboro, MA 1979 -
1983
Senior Financial Analyst
Data General developed and manufactured computers and peripheral equipment
with sales of over $1 billion.
EDUCATION / INVOLVEMENT
Bentley College, Waltham, MA
Masters in Business Management, Finance
Bachelor of Science, Accounting
U.S Army
Vietnam Veteran
Board of Director
SOLX Corporatoin (former)
Mass. Medical Device (former)