Derrell E. Hunter, CPA
Braselton, Georgia 30517
*************@*********.***
SUMMARY
Former Big-4 Partner, Entrepreneurial Company CFO and COO, Public Company
CFO, and Investment Group Chairman. Successful in diverse environments as
both a financial and operational leader who always becomes the "go to"
problem solver and business driver. After a planned and successful
sabbatical, enthusiastically seeking a challenging position where an
operationally-oriented CFO is needed to help significantly increase the
value and opportunities of a progressive business.
EXPERTISE
CFO/Controller/VP Finance/Support Roles Managing Time Frames and Meeting Deadlines
Building, Motivating & Leading Teams Debt Financings & Banking Relations
Financial & SEC Reporting/SOX Acquisitions, Integrations & Dispositions
Compliance
Interpreting/Applying Complicated Venture/Private Equity Formation &
Accounting Relations
Strategic Vision & Annual Planning All Aspects of BOD Participation
Consuming, Understanding & Using Litigation Support and Strategy
Details
Operational IPOs & Other Public Equity Offerings
Reporting/Metrics/Dashboards
LEADERSHIP ATTRIBUTES
Unique Combination of Strategic Vision & Hands-On Focus on Details -
Innovative -
Proven High-Level Technical Ability - Operationally Oriented & Tested -
Broad Business Perspective & Versatility - Sense of Urgency - Creator
of Team Trust - Stresses Accountability and Team's Focus on Overall
Results
INDUSTRY FOCUS
Business Services - Professional Services - Technology - Construction
& Engineering/Design - Real Estate - Retail - Manufacturing -
Entertainment/Recreation - Private Equity Firms - Distribution -
Telecom- Other Commercial
CAREER SYNOPSIS (Details Attached)
Chief Financial Officer - $700 Million Public Professional Staffing Firm
- Kforce Inc., Tampa, FL
Over
1 Year
Initially CFO, then BOD/President/COO - Private, Venture-Backed Telecom
Turnaround
- iOnosphere, Inc., Greenville, SC
3
Years
Co-Founder/BOD/President/CFO - Golf Course Development/Ownership/Management
Start-Up
- GolfSouth, LLC, Greenville, SC
9
Years
Co-Founder, BOD, & Chairman for Investment Period - Hands-On Venture
Investing Firm
- Capital Insights, LLC, Greenville, SC (For 15 Years Concurrent with and
after Roles Above)
Big-4 Partner - Staff to Partner in 9 Years, Executive Office Professional
Practice, National Specialized Industry Practice Leader, Client Service &
Audit Partner, Office Managing Partner
- KPMG, Charlotte, New York City, Greenville, SC
20 Years
EDUCATION & PROFESSIONAL CERTIFICATION
University of South Carolina, BS in Business Administration (Major in
Accounting) - 1972;
1st Honors in Business School; Summa Cum Laude; Phi Beta Kappa.
Passed CPA Examination on first sitting; CPE current to maintain active CPA
Certificate;
Georgia Society of CPAs; South Carolina Association of CPAs; AICPA.
CURRENT
Currently on a planned and purposeful sabbatical in Atlanta, Georgia with a
focus on my family, personal development and renewal of enthusiasm for the
final decade of an already very successful career. Recently accepted
invitation to be vetted to join a $1 billion public company Board of
Directors.
CONTINUOUS PROFESSIONAL EXPERIENCE
CAPITAL INSIGHTS, LLC, Greenville, SC (15 years - Concurrent with Other
Activities) 1992 - 2007 Private, venture capital investments organized from
shareholders/BOD and other angel-type investors; raised and invested over
$15 million with an ultimate, overall annualized return in double digits;
actively invested throughout 1990s with last significant investment
monetized in 2007.
Co-Founder, Initial Chairman (investing period) & Active Board Member &
Advisor thereafter
. With co-founder, designed business and recruited primary group of 15
shareholders/investors/investee mentors.
. Lead frequent Shareholder/Board meetings, and provided oversight to
process of identifying, analyzing, negotiating, and promoting
investments in businesses in a variety of industries and thereafter
monitoring, governing, helping manage, and liquidating those
investments.
KFORCE INC., Tampa, FL (14 months) 2003 - 2004
Publicly traded, $700 million professional staffing firm.
Chief Financial Officer
. Lead all financial and administrative functions, including accounting,
treasury management, facilities, information technology, project
management, SEC and tax compliance, payroll, and legal activities
carried out by over 200 associates through 12 direct reports.
. Responsible for financial reporting, including operational reporting
and metrics for management, SEC filings, and Board reports.
. Made presentations on quarterly conference calls and at numerous
analyst conferences and visited clients.
. Responsible for due diligence, filings, and closing of a major public
company acquisition; directed immediate integration of corporate
headquarters and support functions of acquired company.
. Responsible for upgrading critical management information systems
without interrupting operations.
. Implemented SOX 404 for the first time.
. Managed relationships with banks, auditors, attorneys and risk
management providers.
IONOSPHERE, INC., Greenville, SC (3 years)
2001 - 2003
Early provider of VoIP long-distance telecom internationally that grew to
$50 million in annualized revenues; privately-owned by venture and
individual investors.
Initially Chief Financial Officer, then Board Member, President & Chief
Operating Officer
. Joined as EVP & CFO; late in first year, elected to Board and became
responsible for leading all areas of the business by earning the
following of the leaders of all functional areas; early in second
year, officially became President & COO.
. Responsible for all financial areas and communications and relations
with two venture capital firms and over 100 individual shareholders.
. Lead planning and prepared private offering documents that resulted in
recapitalization of company.
. Lead operational turn around from over $1 million monthly cash burn in
mid 2001 to near break-even operations for 2002.
. Participated in efforts to sell company to a strategic buyer that
resulted in it being under contract to sell when resigned to join
Kforce.
GOLFSOUTH, LLC, Greenville, SC (9 years)
1992 - 2000
Start-up golf course development/ownership/management company with numerous
affiliated partnerships and LLCs; privately owned; 10 new courses
developed/constructed; administered certain related residential real estate
development; operated up to 19 courses with numerous course purchases,
financings and sales.
Co-Founder, Board Member, President, and Chief Financial Officer
. Lead all financial and administrative aspects of business and certain
aspects of operations.
. Responsible for private placement of equity for the company and
related partnerships and numerous debt financings.
. Responsible for investor communications and relations.
. Responsible for the legal and financial aspects, and in some cases
negotiation, of numerous complex transactions, including course
purchases and sales.
. Responsible for all materials, due diligence and legal documents for
sale of company.
KPMG, Charlotte, New York City, Greenville, SC (20 years)
1972 - 1992
Big-4 International Public Accounting and Consulting Firm.
Greenville, SC Operating Office
1982 - 1992
Office Managing Partner
1986 - 1992
. Devoted substantial time to running the business of public accounting
and leading over eighty people.
. In addition to maintaining significant Audit Partner relationships,
lead recruiting, personnel development, marketing, sales, business
planning, community relations and development of all partners and
staff.
National Construction Industry Practice Director
1982 - 1987
. Before, during and after this period, directly involved with numerous
construction and engineering/design firm clients and potential
clients.
. Represented the Firm with industry organizations (e.g., AGC,
subcontractors groups, and CFMA, serving on its founding Board).
. Wrote/taught specialized training programs, looked to as the authority
in the Firm for industry issues and inquiries, and nationally involved
and known in and outside the Firm as one of the foremost authorities
on accounting and auditing issues for the broadly-defined Construction
Industry for well over a decade.
Client Service and Audit Partner
1982 - 1992
. Concurrent with roles above, responsible for audits and overall client
relationships.
. Directly managed and provided audit and consulting services to
numerous public and private clients in various industries.
New York City Department of Professional Practice in KPMG Executive Office
1979 - 1982
Senior Manager/Audit Partner
. Selected with less than a dozen others for DPP rotational program in
stiff competition with senior managers throughout the Firm, both
domestically and internationally.
. Elected Partner in 1981 upon nomination by leading Executive Office
partners who were the most respected technical partners in the Firm.
. Provided advice and technical guidance to operating office partners,
wrote and taught Firm guidance, interfaced with and provided Firm
positions to FASB, SEC and AICPA.
. Provided support full-time to Firm's attorneys in General Counsel's
Office (legal department) for the initial six months rotational
assignment, which became a continuing program.
Charlotte, North Carolina Operating Office
1972 - 1979
Audit Staff/Senior/Manager/Senior Manager
. Fast progression.
. Numerous audit clients in various industries.
Extensive MBA-type training in general business matters in addition to
accounting and auditing.