ROBERT D. SHINGLER
**** ******** ****, ******* ******, Georgia 30542 ? 404-***-**** ?
*********@*******.***
TECHNOLOGY INDUSTRY EXECUTIVE
Global Financial and Operations Experience in Leading Mid-market/Large
Enterprises & New Venture Start -Ups
Broad experience as President or CEO of five different international and
domestic companies in technology and technology services industries.
Recognized for expertise in quickly summing up a business - its strategy,
model, financials, technology and competitive position - then outlining the
right methods and building the right teams to accelerate top and bottom-
line success. Passionate leader for technology, software and services
ventures excelling in the delivery of B to B products and services. MBA in
Finance with over 20 years of P&L and M&A/investment experience.
Significant international operating experience as a four year expatriate.
Entrepreneur with strong leadership skills. Well-rounded blend of
strategic, operating, marketing and financial skills.
PROFESSIONAL EXPERIENCE
KMJ PARTNERS LLC, Atlanta GA 2008 to Present
Business Advisory & Executive Management Venture Specializing In M&A, Start-
Up/Growth, & Turnaround Leadership 2003-2005
Managing Director
Capitalized on 20+ years of corporate expertise in entrepreneurial
leadership, M&A and investment related activities, and Fortune 500
executive management to form a small business offering business strategy
and management services to investors and business leaders of start-
up/emerging and growth/M&A oriented companies.
Notable Achievements:
. Developed strategic alliances with private equity firms with
current/potential investments in technology-driven service companies
providing business case analysis, due diligence, management and
advisory services
. Served in an advisory capacity to provide companies guidance in
executing value maximizing strategies.
. Provided advisory services to CEO's looking for a fresh perspective to
take their business to the next level of success.
. Retained full time in 2004 by private equity firm Arcapita to develop
a business case and successful bid for Cypress Communications. Led the
company for two years through a successful turnaround and technology
deployment, re-establishing KMJ Partners in 2008.
CYPRESS COMMUNICATIONS, INC., Atlanta, GA 2005 to 2007
$75M voice and data communications provider with 350 employees serving 29
Tier I markets coast to coast. Provides TDM and sophisticated Voice over
IP communications through next generation national network purpose built to
deliver high quality VoIP services. Fully managed communications services
nationwide to 7,500 businesses with over 75,000 users in 1200+ office
buildings. Owned by private equity firm Arcapita following public to
private transaction in June 2005.
President & CEO
Retained by Arcapita in August 2004 to evaluate and develop a bid for the
company, which had been in decline for over two years. Developed plan to
grow the business from legacy shared PBX service to commercial office
buildings through transition to next generation VoIP services.
Successfully bid for the business in November 2004 and after necessary
governmental approvals closed the transaction and took over as CEO in June
2005.
Notable Achievements:
. Doubled sales in first six months, resulting in a stable revenue base
in 2006 following 7% declines in 2004 and 2005.
. Implemented network cost reduction programs, improving gross margins
from 56% in 2004 to 65% in 2007.
. Doubled cash profits (EBITDA) from core business from $8m in 2005 to
$16m in 2007.
. Implemented "profitable growth" strategy - invested increased cash
flow from core business to build staff and network utilized in new
VoIP business while maintaining overall levels of profitability for
the consolidated entity.
. Built national Voice over IP network to interconnect all markets,
previously operated as "islands".
. Built and staffed new Network Operations Center, Network Engineering
and Technical Support teams through recruitment of more than 50 highly
sought after VoIP engineering and technology professionals.
. Recognized by the Atlanta Telecom Professionals organization with
their 2006 Leadership Award
. Cypress Communications was voted #17 of the top 40 places to work in
Atlanta by Atlanta Magazine for 2007
BROADWING COMMUNICATIONS, INC., Austin, TX 2002 to 2003
$900M, 18,700-mile US fiber optic network with 1500 employees located
nationwide. Integrated voice, data and internet services to enterprise,
wholesale & consumer markets. Formerly IXC & Cincinnati Bell subsidiary,
sold to Corvis Corporation in 2003, and purchased/consolidated into Level 3
Communications in 2006.
President
Successfully turned around a $350M long distance voice business in just six
months. Based on performance, was asked to present an alternative
corporate restructuring plan for the entire business to the Board of
Directors in lieu of bankruptcy considerations. Earned promotion and moved
to Austin to lead an aggressive turnaround that would stabilize revenue,
reduce expenses and bring company to cash flow break-even within six months
in a highly competitive market.
Notable Achievements:
. Spearheaded the successful turnaround of a $900M+ company 50% faster
and at 50% the cost investment advisors predicted. Reduced cash burn
rate by 80%+ and reversed $200M in annual losses to break-even in six
months.
. Grew National Account business 43% in just six months.
. Aggressively reduced overall cost of service by grooming the network,
eliminating unnecessary circuits and more efficient routing of
traffic. Achieved sustainable, recurring cost savings of over $11M
per month.
. Refocused field sales efforts on the largest of opportunities, reduced
sales/support headcount 40% and shifted small account management to a
lower cost call center model. Maintained revenue while cutting SG&A
$80M and improved service response times by 65%.
. Preserved a high-value business and sustained operations in a volatile
market, resulting in an unsolicited acquisition offer and sale of the
company. Successfully transitioned business to new ownership in June
2003.
ALBION CONNECT, INC., Atlanta, GA 2000 to 2001
Emerging software provider of operating & support systems; Spin-off of
Albion International, a global systems integrator.
Chairman & Chief Executive Officer
Retained by owners to raise capital and restructure a $30M fledgling
technology company hit hard by market downturn. Provided strategic
direction and management oversight to 35 software developers, sales and
support personnel.
Notable Achievements:
. Revamped the product strategy, business case and the management team,
positioning Albion as an attractive candidate to secure $10-$15M
Series B funding. Led presentations and received interest from six
well-known VC firms.
. Raised $1M bridge loan, initiated actions to conserve cash flow and
placed company in a holding pattern.
. Continued development and maintenance of core product and existing
customers despite cutting overhead by 60%+.
BELLSOUTH CORPORATION
1983 - 2000
$80B corporation with 44M+ customers in the US and 16 countries. Acquired
by AT&T in 2006
President, Steadfast.net, Atlanta, GA & Austin, TX (1998 to 2000)
Start-up provider of high speed internet services using Digital Subscriber
Line (DSL) technology; BellSouth Venture Capital investment.
Developed a business case and received funding to launch a new
Internet/voice venture, SteadFast.net that would allow BellSouth to expand
outside its regional territory. Created a national infrastructure for low
cost on-line provisioning, billing, customer service and network
operations.
Notable Achievements:
. Won $8M seed capital from BellSouth's VC investment program to fund a
beta test. In six months, created and launched a complete business
and technology platform that became an immediate competitor to well-
established ISPs.
. Negotiated the sale of the business to a New York-based company after
a shift of BellSouth's vision and strategy. Facilitated the shutdown
of the business after transaction failed to close due to softening
capital markets.
. Lowered customer acquisition and support costs by 35% compared to
competitors by deploying true online marketing, provisioning, billing,
payment, customer service and account management tools.
. Completed more installations in six weeks than BellSouth accomplished
in six months of trials and two months of operation.
Executive Vice President & Deputy CEO / Board Member - SONOFON A/S,
Copenhagen, Denmark (1994 to 1998)
$4B national wireless carrier and minority investment of BellSouth
Corporation.
Appointed to the Board to oversee BellSouth's 29% investment. Became
actively involved in the business turnaround and transition to a full-
service provider. Facilitated business reorganization, relocating corporate
HQ, hiring senior staff, and recruiting a talented marketing team to
accelerate growth and move the business toward profitability. Promoted to
Deputy CEO and the only American in a 1000+ employee organization.
Notable Achievements:
. Negotiated $100M buyout of minority partners to increase BellSouth's
ownership to 46.5%
. Led Sonofon through an aggressive turnaround and first year of
profitable operation since its inception. Delivered consolidated net
income of $34M in 1997 compared to $40M loss in 1996.
. Realigned the business around the rapid development of new technology.
Introduced new products that pushed Sonofon's market value from $500M
to $4B in four years.
. Increased cumulative market share from 18% to 38%, gaining more
customers in 18 months than in prior three years.
. Restructured international long distance agreements, cutting cost of
service 50% for $18M+ in savings in 1997.
. Led successful government lobby, accelerating deregulation and
competition against the Tele Denmark monopoly.
General Manager, BellSouth Denmark Inc. - BELLSOUTH EUROPE, Brussels,
Belgium (1994 to 1996)
Holding company owned by BellSouth Europe responsible for business
development and management of operations in Scandinavia
Director, Financial & Business Planning - BELLSOUTH INTERNATIONAL, Atlanta,
GA (1993 to 1994)
$3B newly formed enterprise overseeing 12 partnerships in 10 countries with
Europe accounting for 40%.
Recruited into the international organization as the ad hoc CFO and
BellSouth's front man representing minority financial interests in 12
partnerships in 10 countries. Accepted an expatriate assignment to provide
operational support for start-ups in Denmark, France and Germany and others
expected in Spain, Italy, France and the Netherlands. Worked with
shareholders and company management to set direction and benchmarks for
revenue, profit and operating performance.
Notable Achievements:
. Appointed to New Zealand, Argentina and Venezuela Boards, and to
Germany and Denmark executive committees.
. Rationalized investments in France by negotiating sale of two
shareholdings to position for joint venture expansion.
Director, Financial, Business Planning & M&A - BELLSOUTH ENTERPRISES,
Atlanta, GA (1983 to 1993)
Bellsouth Enterprises was a holding company for global subsidiaries in
Cellular, Paging, Mobile Data, Long Distance, Advertising, Publishing and
Cable TV.
Charter employee in newly established BellSouth on fast-track promotion
from Treasury to Investments and Mergers & Acquisitions. Joined BellSouth
Enterprises to analyze and support non-regulated ventures worldwide.
Assessed revenue, profit and cash flow, benchmarked competitive performance
and adjusted budgets/projections based on market trends.
Notable Achievements:
. Justified investments that would accelerate the top line without
adversely affecting BellSouth's bottom-line. Led to continued
investments, which fueled BellSouth's four-year earnings growth from
1995 to 1999.
. Prepared business cases and due diligence. Advised Chairman/Vice
Chairman on valuation, earnings potential and/or strategic fit of
acquisitions in telecom equipment, systems integration, software and
printing.
. Implemented an active trading program for BellSouth's $1B fund of
taxable and tax-free money market securities. Delivered a 22% return
increase vs. 7% market improvement resulting in $10M added income
while in role of Investment Manager.
. Instituted a new approach for measuring subsidiary performance, which
replaced the previous system of accounting variance analysis and
resulted in resource allocation to value creators for the company.
. Designed a unique one-page summary of key operating indicators,
comparing actual/forecast performance to budget.
. Created a standard platform for reporting on 10 distinctly different
business units.
. Provided cost of capital analysis and expert testimony to FCC gaining
favorable access charges for BellSouth.
EARLY EXPERIENCE - Student Engineer with South Central Bell Telephone while
completing undergraduate degree. Gained experience in Data Center
Operations, Billing, Collections and Customer Service with Southern Bell
Telephone.
EDUCATION
MBA, Finance - Georgia State University, 1987
BS, Business / Computer Science - Vanderbilt University, 1980
PERSONAL
Avid sailor/racer and winner of numerous local and regional regattas
FAA Commercial Pilot's license - single & multi engine rating with
instrument privileges
3 children - 21 year old daughter and two sons 15 and 17