Vice President Sales

CAL MCKAY

*** ********* *** *********, ********* 37027

Home 615-***-**** Cell 615-***-****

E-Mail Address ***********@*******.***

SENIOR COMPANY EXECUTIVE

Multi-disciplined operations and financial executive with a strategic,

analytical, creative and common sense approach to business. High profile

participant at all organizational levels. Outstanding corporate and

banking credentials, with an exceptional track record in performance,

reputation, integrity and company loyalty.

CAREER LADDER

C.MCKAY, CONSULTANT, Brentwood, Tennessee

. Partner, H Group 2009 to current

. Contract Interim CFO, Vaco Financial 2007 to current

. Contract Consultant, Focus Mgt. Group 2007 to current

. Self Employed 2005 to current

R&S SALES, LLC, Fountain Run, Kentucky

. Acting CFO, 2005 to 2006

HAYNES INTERNATIONAL, INC., Kokomo, Indiana

. Vice President -Finance/CFO and Board Director, 2002 to 2004

THE WORMSER COMPANY, Northbrook, Illinois

. President / CEO, 2001-2002

FRUIT OF THE LOOM, INC., Bowling Green, Kentucky

. Vice President - Corporate Controller 1997 to 2001

. Vice President - Finance, Domestic Operations 1996 to 1997

ACME BOOT COMPANY INC., Clarksville, Tennessee

. COO/ CFO 1995 to 1996

. Interim President & CFO 1994 to 1995

. Senior Vice President/CFO, 1990 to 1995

. Vice President-Finance/CFO, 1987 to 1990

. Controller, 1981 to 1987

PROFESSIONAL EXPERIENCE

C. MCKAY, CONSULTANT - Crisis and Turnaround Management, Business Advisor

Chief Restructuring Officer (CRO) for cable construction business.

Developed and implemented downsizing strategy to yield 50% working capital

reduction. Converted a significant fixed cost structure to a variable cost

model that provided positive Ebitda. Executed liquidation plan for excess

assets and led restructuring negotiations with banks and in parallel,

prepared for Chapter 11 proceedings.

Engaged as an Interim CFO for cash strapped over leveraged IT provider of

network solutions. Developed turnaround strategy incorporating significant

cost reduction recommendations and cash flow improvements. Implemented 13-

week cash flow forecast tool which provided forward visibility of the

liquidity troughs.

Successfully and quickly integrated into an Interim CFO capacity with a

golf bag / accessories distributor and sports licensee, wholly owned by a

private equity group, Stanford Financial...providing leadership to a

fragile finance/accounting organization. Re-engineered accounting and

business process. Developed plans for an infrastructure capable of

supporting aggressive acquisition plans. Complemented CEO& President

turnaround strategy. Implemented significant expense/cost reduction

initiatives and working capital (cash) reductions.

Partner, H Group, Management consulting and restructuring engagements

www.theHGrouponline.com

Consultant, Focus Management Group, turnaround/crisis management

engagements. www.focusmg.com

R&S SALES, LLC -Revenues $75M - Distributor of Branded and Generic

Pharmaceuticals, Private Company

Recruited by owner to restructure operations for cash flow improvement and

refinance/recapitalize the business. Successfully avoided liquidation

and/or bankruptcy by implementing cash reporting tools (daily reporting,

rolling 13wk cash forecasts and monthly/ annual forecasts), internal

controls and initiatives to effectively reduce working capital by 50%.

Downsized business and spun-off cash draining manufacturing business to

improve cash flow. Hired a permanent CFO and provided direction and

leadership to implement accounting controls, management reporting and

replaced existing credit line. Reversed cash burn rate with a business

model that provided positive earnings with free cash flow and eliminated

all debt.

HAYNES INTERNATIONAL, INC. -Revenues $500M - Manufacturer of specialized

nickel alloys, Public Company

Recruited by Senior Managing Director of Blackstone Capital Partners to

implement financial and internal controls. Directed and executed cost

reduction initiatives. Established financial discipline with policies and

procedures and created a functional Audit Committee. Improved Bondholders

communication and rapport with credit/banking community. Implemented

balance sheet restructuring converting $140M Public Senior Debt to Equity

and replacing existing $72M Credit Facility with a $100M working

capital/term loan with enhanced borrowing availability features. Directed

and implemented a "prearranged" bankruptcy. Segregated business reporting

and accountability based on Distribution channels. Substantially improved

SEC public reporting and corporate governance required by Sarbane Oxley.

Proactively managed $100M pension fund increasing net asset value 20%.

THE WORMSER COMPANY - Revenues $60M- Manufacturer of children sleepwear,

Private Company

Recruited by Private Equity Group, Wynn Capital to turnaround recently

acquired family owned business and develop short term exit strategy.

Closed Domestic manufacturing facilities and transferred operations to

Dominican Republic. Significantly reduced supply chain timelines and costs

through improved processes. Segregated business into defined product

groups. Refocused management and sales groups with discipline,

organization, policies and procedures. Significantly improved quality

through measuring and training. Improved external communications and

relationships with credit/banking community, vendors, customers and

licensors. Reversed Company losses to positive earnings in 8 months.

FRUIT OF THE LOOM, INC. -Revenues $2B - Vertically integrated manufacturer

of under/outer wear, Public Co.

Recruited by COO to strengthen financial organization, implement sound

internal controls in a decentralized manufacturing environment and manage

asset divestiture strategy with over $200M closed transactions including

preparing and selling two business units. Key "change agent", reengineer

of accounting process and financial staff developer (over 250+

organization). Responsible for consolidating enterprise financials and SEC

reporting including implementation of Worldwide Oracle Software. Upgraded

key personnel from existing business network. Responsible for bankruptcy

reporting for 32 entities.

ACME BOOT COMPANY, INC. -Revenues $250M - Manufacturer and Retailer ( 100+

stores ) of boots & footwear

Subsidiary of Public

Company

Dedicated career with the "World's Largest Bootmaker", promoted rapidly

through a series of increasingly responsible positions, rising to the

position of COO and CFO. Introduced and implemented an effective and

successful strategy to affect a company turnaround, increasing operating

earnings and shareholder value. Positively impacted revenue, Ebitda and

asset utilization as Chief Operating Officer. Downsized and closed plant

capacity and staff while moving production offshore. Developed systems and

controls for rapid retail store growth from 3 locations to 100+stores.

Prepared the Company for Resale. Spearheaded $80M public debt offering.

EDUCATIONAL AND PROFESSIONAL CREDENTIALS

B.S., Austin Peay State University, Clarksville, Tennessee

Major: Business Administration

Certified Public Accountant - 1981 Tennessee Society of CPA's

OUTSTANDING REFERENCES AVAILABLE UPON REQUEST

Confidential

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