Ivan N. Salazar, CPA
**** ***** ******, ******* ****, NY 10547 . Mobile: 1-646-***-**** . E-
Mail: ********.*****@*****.***
EXECUTIVE SYNOPSIS
Solution-focused and profit-driven financial executive with the vision,
experience and business acumen to move beyond the financial statements
and formulate cost-effective strategies to maximize resources and
optimize financial and operational performance.
Proven track record in generating savings and operational efficiencies
through introduction of new processes and systems with the reputation as
a financial "troubleshooter" supported by over 22 years of successful
management progressive experience with organizations ranging from
entrepreneurial ventures to multi-national corporations.
Adept at developing and leading highly productive cross-functional teams
focused on achieving company and individual goals
Hands-on experience in Global P&L management, business development,
operational and strategic change specializing in integrated marketing &
communications services and professional services industries.
Valuable network of business contacts throughout US, Latin America and
Europe. Fluency in English, Spanish and conversant in Portuguese.
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Areas of accomplishment include:
International Business Management and Operations...Profitability
Strategies...Financial and Operational Analysis...Client Compensation
Agreements...Procurement Negotiations...Budgeting and Forecasting...Process
Redesign...Operational Execution...Mergers & Acquisitions...Start-
ups...Business Restructuring Programs...Divestures...Governance &
Compliance
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PROFESSIONAL EXPERIENCE
MRM Worldwide, New York, NY
Executive Vice President, Chief Financial Officer
November 2006 - Present
Full financial responsibility for a leading global digital and CRM
communications agency (a McCann Worldgroup and IPG company) with annual
revenue of $275 million; operating in 42 offices with approximately 2,000
employees across 33 markets worldwide.
. Financial and operational stewardship that strengthened the network in
North America by consolidating and integrating 6 separate operating units
down to 3 - generating $3 million in annual net savings.
. Developed key bench-mark performance indicators and financial forecasts
that led to the successful improvement in operating margin by 3 margin
points while delivering against agency goals and objectives.
. Direct operational leadership of West Coast agencies during a
comprehensive transformation process of new management teams and the
transition-off a significant piece of business. Strategic planning,
including development of short and long term growth plans.
Young & Rubicam Brands, New York, NY
(1999-2006)
Chief Financial Officer, Wunderman New York March
2006 - November 2006
P&L responsibility and control for a leading customer relationship and
digital marketing communications agency with revenue in excess of $80
million.
. Within six months, improved staff utilization and realization (client
funding), resulting in increased client profitability.
. Partnered closely with the President and CEO in establishing & monitoring
revenue and margin growth objectives through client compensation
negotiations, operational efficiencies, staff utilization and operational
cost control.
Senior Vice President, Global Client Finance Director, Y&R Brands
April 2002 - March 2006
Responsible for establishing and monitoring financial margins, targets and
performance metrics for Fortune 100 client partners totaling in excess of
$150 million in revenue.
. Implemented operational strategies, review and negotiate global client
contracts to enhance overall financial performance. Primary liaison with
outside auditors relative to compliance with contracts and scope of work.
Partnered with client leaders, regional and local CFO's, which
ultimately improved client relationships and A/R collections by 30-45
days across different lines of business.
. Executive Sponsor for several efficiency enhancement projects
implementing Lean Six-Sigma principles.
. Led several projects for the Global CFO including: analytical review of
business units, staff cost analysis, benchmarking, review of existing
affiliation and partnership agreements, and corporate restructures.
. Compliance Officer for agency's compliance with the FCPA and FARA acts.
Chief Financial Officer, Y&R Advertising Latin America
September 1999 - April 2002
Overall regional financial control and responsibility for this dynamic
region consisting of 15 markets throughout Latin America and the Caribbean
with annual revenue in excess of $100 million.
. Increased operating margin by aggressively identifying opportunities to
reduce operating expenses and successfully completed an overhead
reduction initiative, which resulted in savings of $6 million.
. Streamlined operations by implementing changes in management,
reorganization and consolidation of various under-performing business
units and offices.
. Established regional business objectives and successfully led and closed
several equity-based M&A transactions, joint-ventures and partnerships in
markets that facilitated the network to either expand or introduce
strategic operating initiatives.
. Led the successful unbundling of MediaEdge:Cia from Y&R Advertising
throughout the region.
. CFO for Y&R Advertising in Miami, Florida with $13 million in revenue.
Responsible for local finance, financial reporting, general accounting,
human resources and information technology.
. Effectively managed the due diligence process and transition of financial
control to WPP corporate group after its acquisition of Y&R.
D'Arcy Masius Benton & Bowles, Inc., New York, NY
Vice President, Finance Director, Am ricas Region
March 1997 - September 1999
. Developed and implemented business and financial planning procedures to
establish measurable performance and accountability for the first time in
the region; resulting in a 30% gross margin improvement.
. Managed, controlled and supervised regional and local business plans,
financial forecasts, cash management, taxation, international trade and
capital expenditure activities.
. Ensured compliance with corporate policies and procedures. Negotiated
relocation and remuneration packages for expatriates throughout the
region.
. Established and led the implementation of a uniform regional management
information and financial reporting system improving data integrity,
reliability and coordination across the region.
International Foreign Exchange Concepts, Inc., New York, NY
Chief Financial Officer
April 1995 - March 1997
. Full operational and financial control of a privately owned investment
advisor and manager of foreign currency risk with $30 million in annual
revenue.
. Responsible for general accounting, financial planning & reporting,
S.E.C. compliance, budgeting and cash management as company nearly
doubled assets under management from $2.8 to $5.2 billion
. Member of the firm's management committee. Trustee for the firm's three
pension and retirement plans.
Corporate Controller
November 1991 - March 1995
. Created a three-year company business plan and forecast for use in
preliminary initial public offering and private placement documents.
Developed, executed and monitored annual budgets for a total of ten
subsidiaries and foreign offices.
Arthur Andersen & Co., New York, NY
1985 - 1991
. Performed consulting services (CFM Practice) as Controller/Assistant
Controller for a financially troubled manufacturing client with annual
sales of $100 million. Responsible for risk assessment, planning,
administration and performing audits of various magnitudes and
complexities (including Fortune 10 SEC registrants).
EDUCATION AND PROFESSIONAL
Bernard M. Baruch College, New York, NY
Bachelor in Business Administration - Public Accounting, Cum Laude, January
1985
License - Certified Public Accountant, New York State
Member of the AICPA and NYSSCPA's