Randy Eakin, CPA
***** ***** **** ******, # **** Phone: (602)
Scottsdale, AZ 85255 E-mail:
******@********.***
SUMMARY
C-Level executive with 20+ years of total business experience serving
Public & Private Companies with annual revenues ranging from $50 Million to
$40 Billion.
High performing senior executive with clear track record of achievement and
value creation. Collaborates with executive teams on business strategy and
identifies and drives high-value corporate and operational initiatives to
results that achieve desired outcomes. Passion for staff and organizational
development with strong record of developing high-performance teams.
Excellent interpersonal and communication skills.
PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS
PHOENIX CHILDREN'S ACADEMY - Scottsdale, AZ 2006 to 2009
(www.mini-skoolfamily.com)
A rapidly growing, leading private provider of early childhood and school-
age education services to more than 15,000 children in the United States.
Phoenix Children's Academy operates more than 100 learning centers in 12
states and has annual revenues of $120M and 3,000 employees. Phoenix
Children's Academy is North America's 7th largest for-profit child care
provider and is majority-owned by Audax Group, a premier middle market
private equity investor ($4.0B in capital under management) headquartered
in Boston, MA
Chief Financial Officer
Responsible for all functional areas of finance, accounting operations,
financial reporting, internal control, tax, treasury, risk management,
financial planning & analysis, finance decision support, and investor
relations (debt and equity) for Phoenix Children's Academy. Served as
primary liaison to Senior (Cerberus Capital, LLC) and Subordinated (multi-
bank syndicate) debt lenders; accountable to private equity firm for all
financial matters of the Company.
Finance Achievements:
> Managed multiple investor relationships (equity and debt) through
credit market seizure and challenging business conditions during 2008
and 2009 providing stakeholders clear visibility and color
(quantitative and qualitative) on financial and operational
performance of business.
> Closed sale of Company in November 2007 for then industry-leading
earnings multiple in
highly-leveraged transaction to Audax Private Equity. Managed all
financial due diligence
and Road Show presentations to prospective equity and debt partners.
> Managed successful closing of multiple add-on acquisitions and
subsequent integration of more than 20 individual day care centers
generating more than $30M of annual revenue.
Operations Achievements:
> Led development of data intensive infrastructure for Company resulting
in robust multi-unit financial and operational reporting capabilities
(including balanced scorecard and related metrics) and significant
insights into performance of the enterprise.
> Primary architect of extensive and detailed plan for profitability
recovery during business
downturn in calendar Q3 2008. Plan drove annual EBITDA improvement of
$7.0M (88%+
improvement from base case).
> Drove implementation of 'best practices' through the enterprise which
had grown over many years through numerous add-on acquisitions but
lacked clear integration strategy.
Organizational Achievements:
> Inherited finance / accounting organization that was in disarray and
unable to produce basic monthly financial statements. Stabilized and
built team that generates timely and reliable monthly financial and
operating performance report of approximately 50 pages which is
utilized extensively by operating management, equity partner, and
lenders.
Randy Eakin Page 2 of 3
SWOPE COMMUNITY ENTERPRISES - Kansas City, MO 2004 to 2005
(www.swopecommunity.org)
A holding company with member companies operating in the healthcare, real
estate development, and urban planning industries. Prior to the divestiture
of FirstGuard Health Plans in December 2004, Swope Community Enterprises
had over $300 million of annual revenues and more than 500 employees.
Senior Vice President and Chief Financial Officer
Responsible for all functional areas of finance, accounting, finance
decision support, information
technology and supply chain management for Swope Community Enterprises and
its member
companies. Member of Chairman's Executive Leadership Team.
> Closed sale of FirstGuard Health Plans to Centene Corporation (NYSE:
CNC) in December 2004. Total transaction value exceeded $120M;
transaction value, on a per-member basis, was in excess of 2X the
average of comparable public market transactions during 2004.
> Led Executive Leadership Team to decision to initiate sweeping review
of enterprise-wide
business strategy, including business case development processes,
portfolio reviews of
operating companies, asset allocation methodologies and investment
policy statements.
> Developed enterprise-wide shared services strategy for administrative
support organizations (e.g., Finance, Information Technology, Supply
Chain, etc.) which resulted in significant organizational
restructuring. Restructuring was designed to yield value to the
enterprise as transaction costs are driven to lowest possible levels.
P.F. CHANG'S CHINA BISTRO, INC. - Scottsdale, AZ 2004
(www.pfchangs.com)
A fast growing, national, multi-unit restaurant company (NASDAQ: PFCB)
operating two concepts in the Asian niche with annual revenues of $1.2B and
29,000 employees.
Director
Served as assistant to CFO in a variety of corporate finance matters
including establishment of formal processes and infrastructure for Sarbanes-
Oxley compliance (including Section 404).
> Developed corporate governance processes for the enterprise including
establishment of
'whistle-blower' hotlines and 'ethics' policies.
> Led Sarbanes-Oxley Section 404 compliance initiatives and provided
educational and status updates to Audit Committee of Board of
Directors.
SPRINT NEXTEL CORPORATION - Overland Park, KS 1993 to 2003
(www.sprint.com)
A Fortune 50 global communications company (NYSE: S) offering a
comprehensive suite of wireless and wireline communications products and
services with over $40 billion in annual revenues and 60,000 employees
serving 50 million consumer, business and government customers.
Senior Director, Risk Management Services (2002 to 2003)
Developed and implemented enterprise-wide risk management strategies
designed to minimize financial impacts to Sprint of unexpected and/or
unplanned events; Developed, negotiated, and settled complex insurance
claims associated with Sprint's various property, casualty, and liability
insurance programs; Led a 50-person organization and managed a $65M annual
budget.
> Managed successful launch of Sprint's offshore (Bermuda) captive
insurance company resulting in economic value to Sprint of more than
$30M.
> Developed and implemented strategies designed to reduce Sprint's self-
insured workers'
compensation losses by 30%+ (conservatively, $6M annually).
Randy Eakin Page 3 of 3
Senior Director, Corporate Financial Planning and Analysis (1997 to 2002)
Prepared all enterprise-wide financial plans utilized in connection with
developing analyst (i.e., Wall Street) guidance, capital markets activity,
rating agency reviews, and M&A activity; Analyzed financial and operating
performance and reported on such performance to Sprint's Board of Directors
and Executive Management.
> Led multi-year initiative to drive cost structure of shared corporate
functional organizations to all -time lows. Initiative resulted in
44%+ improvement in expense/revenue ($100M+ in cost reductions from
peak levels).
> Transformed Sprint's enterprise-wide financial planning process to a 6-, 5-, 4-, 3-quarter model resulting in significant improvements in
quality, timeliness and relevance of related financial and business
planning information.
Director / Senior Manager, Corporate Audit Services (1993 to 1997)
Led planning, execution, and reporting of worldwide internal audit
activities for corporate audit
organization of 70 professional staff; Coordinated audit efforts with Ernst
& Young; Designed and
prepared reports on audit results to Sprint's Audit Committee and its
Chairman.
> Developed internal controls audit methodology for Sprint resulting in
substantial increase in audit effectiveness and quality, substantial
reduction in report cycle time, a 60%+ reduction in related audit
hours, and resultant $1M+ annual service cost savings.
> Led change effort to consolidate decentralized Internal Audit
organization consistent with Sprint's finance shared service strategy.
Initiative resulted in annual cost savings of $1M+ and enhanced audit
coverage.
PRICEWATERHOUSECOOPERS - Kansas City, MO 1985 to 1993
(www.pwc.com)
A leading professional services firm with 130,000+ employees in over 140
countries around the world.
Audit Manager (1991 to 1993)
Audit Supervisor (1988 to 1991) / Audit Senior (1987 to 1988)
Staff Auditor (1985 to 1987)
Delivered world-class accounting, audit, employee benefits, tax, finance,
acquisition due diligence, and consulting services to clients of varying
size and complexity. Experience included reviews of SEC filings (e.g., 10-
K, 10-Q and various securities registration statements) and initial public
offerings.
OTHER
. Participated in Sprint's Finance Leadership Development Program, an
executive development
program designed for high potential (top 10%) finance leaders (Director
and above).
. Served as a mentor in Sprint's Finance Management Development Program, a
management
sdevelopment program for high potential (top 10%) finance managers.
PROFESSIONAL QUALIFICATIONS
Certified Public Accountant
Kansas certificate # 5013 (December, 1985)
Missouri certificate # 12259 (December, 1987)
EDUCATION
Bachelor of Science, Accounting and Business Administration, University of
Kansas, Lawrence, Kansas
(May 1985)