RICK VANDERWAL
Financial Executive/Strategic Business Partner
*** ******* ******* **., *******, MO 63021 ? 815-***-**** ?
ablolz@r.postjobfree.com
Profile
Results oriented Finance leader with Operations experience and a successful
track record of building corporate enterprise value. Focus is on (1) being
a strategic business partner to develop and execute strategic initiatives,
(2) delivering accurate, timely and meaningful financial reports, (3)
maintaining excellent banking/investor/vendor relations and (4) fostering a
team oriented culture geared to providing unequalled customer service.
Proficient in the areas of:
Planning/budgeting/forecasting including weekly cash flow forecasts;
Developing key performance metrics;
Continuously improving processes, systems and personnel;
Negotiating and integrating mergers and acquisitions;
Crossing functional lines to provide assistance and facilitating
corporate success.
Career is differentiated from other Finance leaders as follows:
Serving as CFO in portfolio companies of four different private equity
firms;
> Ten years on the ground floor of two start-up companies that became
national;
Operations experience in Sales, Production and Distribution;
Extensive M&A experience, and
> Providing great service to all internal and external customers and
helping them achieve success.
Experience and Major Accomplishments
2009 - Present
Corporate Growth Consulting, LLC
Principal and Founder
Principal services are to assist clients with designing and executing
strategic growth initiatives. At the same time, business processes and
systems are reviewed to validate their capabilities of handling proposed
growth.
2004 - 2008
Life Uniform Holding Corp., St. Louis, MO and Tampa, FL
Vice President and Chief Financial Officer, Treasurer and Secretary
Recruited by private equity owner to this industry leading national
retailer of specialty healthcare apparel. Revenues were generated through
three venues; 200 stores, catalogs and e-commerce. Staff of 24; 3 direct.
> Grew enterprise value 300% in the first eighteen months by closing
unprofitable stores, introducing more fashion merchandise, creating a
loyalty rewards program, eliminating 10% of the corporate work staff,
and introducing gift cards;
> Facilitated the acquisition of an equal sized competitor and
subsequently led the integration of Accounting, HR and IT departments;
> Implemented $6MM of cost cuts in 2007 to prepare for an expected
weaker economy in 2008;
> Generated bank availability of $5.2MM by extending vendor payments
from 30 to 63 days, and
> Reduced small parcel shipping costs 20% or $588K.
2002 - 2004
Franchise Ventures, LLC, Homer Glen, IL
Principal and Founder
Resigned position at Gingiss to pursue advancement opportunities. The
corporate mission for Franchise Ventures was to assist entrepreneurs in
implementing growth plans or exit strategies.
> Served as interim President for two start-up ventures in the golf
industry;
> Consulted with telecom company attempting to penetrate European
market;
> Raised $14 million of acquisition capital for "fast casual" food
franchisor;
> Developed franchise program for "big box" laundry operator and sold
first four franchises;
> Consulted with furniture retailer regarding expansion, and
> Consulted with commercial maintenance company seeking a liquidity
event.
1986 - 2002
Gingiss International, Inc., Addison, IL and Van Nuys, CA
Senior Vice President & Chief Financial Officer, Treasurer and Secretary
Recruited by private equity owner to this industry leading men's formalwear
chain to direct the financial, IS and HR functions. Later assumed
responsibility for Production and Distribution. 70% of products were
contractually manufactured overseas and imported back to U.S. Total chain
consisted of 435 stores. Staff of 125; 5 direct.
> Grew company owned stores from 23 to 251;
> Improved average store profit margins from 2% to 19% through a
combination of events including development of "hub and spoke" model,
moving the production center for better highway accessibility and
revising store staffing model;
> Vertically integrated the company into wholesaling and manufacturing
increasing revenues 10% and decreasing cost of goods 25%;
> Reduced production costs per unit 20% by implementing changes in
processes and product flow;
> Directed the in-house programming, testing and implementation of a POS
system eliminating production overtime costs and improving customer
service;
> Eliminated 50% of combined accounting and data processing staffs with
new accounting software allowing for the switch from a mainframe
network to a PC network;
> Reduced tax liability by $500K with unique tax depreciation method;
> Facilitated leveraged buy-out of company in 1990 and again in 1999;
> Convinced Board to commence store expansion by proving that store
operating model and corporate infrastructure were capable of handling
rapid growth. Subsequently led the acquisition and integration of
over 50 stores in a fourteen month period;
> Facilitated the merger of a 135 store chain and simultaneous
acquisition of a 30 store chain in the year 2000 within a poor lending
environment, and
> Acted as a "change agent" to integrate cultures and business processes
with every acquisition, merger or change in ownership.
1985 and 1986
Healthcorp Affiliates, Naperville, IL
Vice President Finance and Treasurer
Healthcorp Affiliates was the holding company for a group of nine
healthcare subsidiaries including hospitals and nursing homes. There were
5 direct reports and 25 corporate staff members. Reporting to the
Executive VP, principal duties were the consolidation of financial and
budget reports, handling all Treasury functions (i.e. issuance of bonds,
monitoring covenants and cash management) and sitting on the Board of one
subsidiary. Strategic plan was to increase patient base by building
medical office buildings in new geographic territories and retaining
existing customers by supplying home health care services to the patient
after leaving the hospital.
> Raised $70 million for fixed asset development by issuing two separate
tax-exempt bond series;
> Maximized revenues by developing a point of sales software program
that provided for the private billing of home health care services,
and
> Created a "for profit" franchising subsidiary offering home healthcare
services and sold the first 9 franchises.
1977 - 1985
Car-X Service Systems, Inc., Chicago, IL
Director of Finance and Franchise Sales
Recruited to this "start-up" operator and franchisor of automotive service
shops by the VP Finance and supervised a staff of eight. The company grew
from 40 stores and $15 million in revenues to 100 stores and $55 million in
revenues. The company's solid growth led to its acquisition by Tenneco
Automotive in 1984.
> Integrated financial and operational systems with acquiring entity;
> Sold all real estate developments on a leaseback basis @ 12% despite
high prime rate of 21%;
> Eliminated a material contractual exposure by negotiating the
amendment of 31 subleases;
> Reduced past due receivables by 80%;
> Automated accounting system thereby reducing time to close monthly
financials from 30 to 7 days;
> Designed and implemented the corporation's first accounting system
including a detailed policy and procedures manual, and
> Reduced annual audit fees by approximately 65% and tax fees by 85%.
1974 - 1977
Arthur Andersen & Co., Chicago, IL
Associate-Audit Division
Member of the Regulated Industries Audit Division with exposure to
manufacturing and consumer product firms. Audit clients included K-N
Energy, Kraft Foods, Commonwealth Edison (now Exelon), Chicago &
Northwestern Railroad and others. Focus was on internal controls and
improving business processes.
Education
B.S. Accounting, Ferris State University
CPA, (Illinois)
M.B.A., (with emphasis in Finance & Economics), DePaul University
Community and Group Involvement
Volunteer as a mentor to companies within the BEGIN New Venture incubator
program
Volunteer at McKnight Assisted Living Center in leading various activities
and a men's discussion group
Executive Connections St. Louis
Financial executives networking group (FENG)