ANTHONY R. CIROCCO
**** ******** ***** **. ********* Ranch, CO 80126
Mobile: 303-***-**** ***************@*******.***
SUMMARY
A seasoned Executive with progressively increasing responsibilities in
Management, Strategic Planning & Analysis, Finance, Accounting, Audit, and
Systems. This background, combined with a continued focus on performance,
quality, productivity, and process improvements, as well as a personal
drive that has consistently provided the basis for exceptional results.
Recognized by one Senior Executive as "a leader that takes an active role
in driving change into the organization" - documented in an annual
performance evaluation.
EXPERIENCE
COCHLEAR AMERICAS Denver, Colorado
2006 - Present
A wholly-owned subsidiary of Cochlear, LTD (ASX:COH), a $601 million (AUD)
Australian-based global leader in innovative implantable hearing solutions,
with over 100,000 recipients worldwide.
Senior Director - Controller
Responsible for a $200m division that operates in US, Canada and Latin
America, by providing leadership, direction and guidance over the company's
financial activities with the primary objective of assuring the
development, establishment and maintenance of a sound system of financial
control; reporting accurate and timely financial statements in accordance
with IFRS and US GAAP; compliance with federal, state, and local tax
regulations; and maximizing the repatriation of funds to the Parent company
while maintaining optimal liquidity for the division.
. Implemented a turnaround strategy for the Accounts Receivable/Credit
and Healthcare billing services teams by building the necessary
organization, formalizing key processes, and analyzing key metrics;
resulting in a vast improvement in cash flow by achieving an increase
in the average daily collections to over $1m per day, a 36% increase.
Reduced DSO to 45 days.
. Greatly improved the internal control environment resulting in the
division being used in a pilot program whereby the external financial
auditors performed virtually their entire year-end audit at an interim
period; streamlining the process, allowing issues to get surfaced and
remediated more quickly, and accelerating sign off. This program was
subsequently implemented in all divisions around the world.
. Developed fundamental reporting packages enabling key users, such as
the Division President, Division CFO, department heads, and the Parent
company to more effectively measure the financial performance of the
division. Many of the reports that were developed were replicated
throughout the Company.
. Partnered with the Operations and Regulatory teams to create a
manufacturing company within the US, reducing the dependency on foreign
parties when delivering products to US customers that reside in a
highly regulated environment (FDA).
. Built an Accounting & Reporting organization from the ground up to
support a division that has doubled in size in the past 5 years,
ensuring that reports were accurate, timely, relevant and included
meaningful analysis.
. Executed a strategy to get all 50 states tax compliant by participating
in the Volunteer Disclosure Program.
. Developed key metrics and forecasting models to ensure cash flows were
monitored on a daily basis, enabling the division to balance the
requirement to send excess cash to the Parent company so it can
optimize its cash position, while off shoring the division's excess
cash to maximize a return while ensuring the division maintained the
appropriate level of cash to meet its operating needs.
HARRIS CORPORATION (NYSE:HRS) Denver, Colorado
2002 - 2006
A $2.5 billion international communications equipment and systems company
focused on providing communication solutions for government and commercial
customers in more than 150 countries. In 2004, Harris acquired Encoda
Systems, Inc., a $150m division that operats in over 40 countries around
the world including Europe, the Middle East, Africa, Asia Pacific and the
Americas.
Harris Software Systems Division (formerly Encoda Systems, Inc.)
Director - Financial Planning & Analysis (2004 - 2006)
Responsible for ensuring division met its key financial objectives of
revenue growth, increased profitability, improved cash flow, and fiscal
discipline. Focused on strategic planning, pricing, performance-based
management, global financial reporting, internal policies & procedures, and
global financial systems.
. Increased the Division's worldwide earnings by 3 percentage points to
21% of revenue, while achieving year-over-year earnings growth of 19%,
by developing key tools for measuring performance, maintaining a
sustained focus on growing the sales pipeline, measuring the
performance of the customer fulfillment team, funding strategic
investments in R&D, implementing the systematic use of financial
justifications to support business decisions, and instilling spending
discipline throughout the organization to obtain tighter controls on
spending, without sacrificing high-growth initiatives.
ANTHONY R. CIROCCO
Page 2
. Achieved year-over-year growth in earnings of the Automation business
unit by 200%, by successfully integrating Classic Encoda with
traditional Harris Automation, improving the predictability, stability,
and profitability of the combined business unit by reducing the
resources in mature products while upgrading & redeploying key
resources into growth areas.
. As part of Harris' acquisition of Encoda Systems, Inc., led the finance
team that developed and successfully implemented the "100-day" plan of
integrating the financial functions around the world, resulting in a
newly formed world-class organization, including Sarbanes-Oxley (404)
implementation.
VP Finance & Business Unit CFO - Automation Solutions Group (2003 - 2004)
(with Encoda Systems, Inc.)
. Produced excellent results for 8 consecutive quarters, achieving year-
over-year growth in worldwide revenue of 89% in 2004 and 33% in 2003,
and EBITDA of 315% in 2004 and 120% in 2003.
. Established "tops down" financial targets and created key measurement
tools to ensure clear linkage between actions and results. Developed
stretch targets, representing revenue growth by an additional 40%,
after annual plan was achieved 9 months into the year.
. Divested non-core assets, such as a wholly-owned manufacturing facility
that after divestiture, converted fixed costs (10% of total operating
expenses) to variable costs, improving cash flow during non-peak times
and greatly reducing the need for future capital requirements.
VP Finance & Business Unit CFO - Multimedia Solutions Group (2003) (with
Encoda Systems, Inc.)
VP Finance - Financial Planning & Analysis (2002) (with Encoda Systems,
Inc.)
QWEST COMMUNICATIONS INTERNATIONAL, INC. (NYSE:Q) Denver, Colorado
1998 - 2002
A $14 billion global leader in Broadband Internet-based communications.
With one of the largest, most technologically advanced networks in the
world providing services in multimedia content images, data and voice.
Senior Director of Finance - Indirect Sales Channel (2001 - 2002)
Director - Financial Planning & Analysis (2000 - 2001)
Senior Manager - Corporate Accounting (1998 - 2000)
BECKMAN COULTER, INC. (NYSE:BEC) Fullerton, California
1994 - 1998
A $2 billion designer, manufacturer and marketer of laboratory instruments,
reagents and related products used in diagnostic laboratories, as well as
bioanalytical laboratories in the life sciences market.
World Wide Accounting Manager - Corporate Accounting (1996 - 1998)
Manager - Corporate Financial Reporting (1995 - 1996)
Senior Financial Analyst - Corporate Consolidations (1994 - 1995)
THE WALT DISNEY COMPANY (NYSE:DIS) Burbank, California / Orlando,
Florida 1990 - 1994
A world-class global entertainment conglomerate with operations in motion
pictures, theme parks & resorts, and consumer products.
Financial Analyst - Theme Parks & Resorts (1992 - 1994)
Senior Auditor - Corporate Management Audit (1990 - 1992)
ARTHUR ANDERSEN & COMPANY Los Angeles/Irvine, California
1987 - 1990
Worldwide certified public accounting firm with practices in Audit,
Taxation, and Consulting Services.
Supervising Senior - Audit Practice
EDUCATION California State Polytechnic University - Pomona,
California
B.S. in Business with an emphasis in Accounting
(1987)
CIVIC/AFFILIATIONS Certified Public Accountant (inactive) - Colorado
(2003) and California (1992)
Natural History Foundation of Orange County -
Treasurer (1989-1990)
Cal Poly Society of Accountants - President (1987)