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Sales High School

Location:
Saint Louis, MO, 63141
Posted:
March 09, 2010

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Resume:

Joseph M. Strout

** *. ***** ******* *****

Saint Louis, MO 63141

Mobile: 314-***-**** Home: 314-***-****

E-Mail: abnggc@r.postjobfree.com

SUMMARY

Senior Financial Executive with multiple industries experience, a strong track record of developing, creating

and enhancing shareholder value. A Strategic and Persuasive Decision Maker able to quickly interpret and

convert complex business information into actionable outcomes with innovative solutions utilizing cross-

functional international teams. Assembles strong internal and external alliances with all levels of executive

management. Strengths and areas of expertise include:

Chief Financial Officer Budget Preparation and Analysis Internal Auditing/SOX

404

Strategic Planning Cost Analysis Information Technology

Mergers & Acquisitions Six Sigma Green Belt Human Resources

Treasury & Risk Management Due Diligence Project Management

Controllership/Accounting Business Integrations Board of Directors

PROFESSIONAL EXPERIENCE

MMMM, Inc. Saint Louis, MO 2007 to Present

$70 Million privately held industry leader in contracted facilities services to major corporations and to single

tenant campuses, educational facilities and large manufacturing facilities in 15 states.

Corporate Vice President & Chief Financial Officer (Member of Executive Leadership Team and

Member of Board of Directors)

• Negotiated and expanded the Corporate Operating Line of Credit facility by $1,000,000 with a

lower than market interest rate.

Secured additional debt financing of over $1,000,000 with a lower than market interest rates to be used to buy

out shareholders.

• Initiated the restructuring of over $500,000 of several shareholders notes with the corporation.

• Implemented direct deposit and pay card programs for 4000 employees saving over $100,000 in

lower payroll processing costs.

Negotiated the annual renewal of all the corporation’s property and casualty and workers compensation

insurance resulting in a reduction over a 20%, over $500,000 in annual premiums.

Completed the structure and implementation of a Joint Venture business strategically positioned as a certified

Minority Business Enterprise to capture key business contracts with large Corporate clients through diversity

spending programs. Business plan built around annual revenues of over $10 million. Appointed Corporate

Officer and member of Board of Managers of Joint Venture.

Implemented programs and reduced the Line of Credit by over $1,000,000 lowering interest expense by 60%

or over $100,000 annually.

Lowered the outstanding Accounts Receivable Days Sales Outstanding (DSO) from 26 days to 19 days in less

than 4 months.

Implemented process changes allowing the financial statements to be prepared, published and analyzed in

less than 10 business days from an average of 20 days.

Designed and implemented a company wide budgeting model and electronic upload into the general ledger

system reducing the annual planning and preparation of the budgets by two weeks.

Initiated a three year strategic planning process within the Information Technology group to align with the

corporate strategic plan and implemented over a $1 million in new project spending for growth.

Corporate Vice President & Chief Financial Officer/Treasurer – Affiliated Subsidiary (DFS, LLC)

• Initiated the creation of this newly formed Joint Venture of MMM, Inc. through the development and

negotiations of the Operating Agreements, Corporate Structure and Capitalization as a start up

enterprise focused large Corporate clients diversity spending initiatives. Member of the Board of

Managers.

Joseph M. Strout

Mobile: 314-***-**** Home: 314-***-****

E-Mail: abnggc@r.postjobfree.com

ZeaVision, LLC Saint Louis, MO 2005 to 2007

Provider of an advance testing device and nutritional supplement to Optometrists for the detection and

prevention of Macular Degeneration.

Chief Financial Officer and Member of Board of Directors

• Initiated and completed the restructuring of partnership debt to various share classes of equity.

Converted accounting software to more effectively integrate with internet and sales order process from

doctors. System allowed for credit card processing and ability to interface with order processing system.

Negotiated and implemented a full range of employee benefit programs and administered programs.

Renegotiated and lowered rates charged by four credit cards Company’s saving over 700 basis points on

transaction processing fees.

Arranged and implemented lease agreements on a new advanced office phone system, global mobile phone

contract, internet server capabilities and the closure and move of a fulfillment center.

The Solae Company, LLC Saint Louis, MO 1989 to 2005

A Joint Venture company between DuPont and Bunge Limited. A leading soy protein supplier to the global

food industry with 14 production facilities located in North and South America, Asia and Europe. Solae

operates in over 75 countries and employs over 3000 people with Net Sales that exceed $1 Billion.

Sr. Director – Financial Planning and Analysis

Reporting to the Chief Financial officer and with a staff of 6 – 10 senior level finance professionals provided

corporate financial and operational support to the Joint Venture, Steering Committee, Board of Managers and

parent company’s – DuPont and Bunge Limited.

Director – Internal Audit

Jointly reporting to the Audit Committee and Chief Executive Officer successfully created an internal audit

department, directed and implemented the Joint Ventures program for compliance with Sarbanes-Oxley 404.

Founded and implemented a corporate Compliance Committee of the Board of Managers and lead the

creation and implementation of roles, responsibilities, Board Charter/Objectives for the Audit Committee.

Director – New Business Development

Developed financial and technical feasibility analyses on new business research projects with largest potential

to add shareholder value. Presented recommendations to senior management that resulted in the expansion

of the Japanese market share by 3% and a lowering of manufacturing costs by 15% and a price increase in

the Japan market of over 10%. Initiated the development of a corporate Patent Board to drive innovation and

value for newly patented products and processes.

Director – Strategic and Financial Planning and Analysis

Lead the successful completion of two global acquisitions, two joint ventures and one business divestiture that

ranged from $14 million to over $1 billion in sales revenue. The project Net Present Value of the transactions

combined to exceed over $3 billion. Projects included discovery, synergy development, integration strategies

and finally execution of the new businesses strategies outlined to rationalize engaging in the transaction. In

addition, lead implementation of several software projects from SAP and Oracle to the development and

creation of a global data repository for the reporting and analysis of business results.

In addition held the following positions with Solae, LLC of:

Interim Chief Financial Officer Regional Controller – N. America Director – Strategic Planning

Joseph M. Strout

Mobile: 314-***-**** Home: 314-***-****

E-Mail: abnggc@r.postjobfree.com

Brown Group, Inc. Saint Louis, MO 1986 – 1989

Supervisor, Corporate Finance

Lone Star Technologies Dallas, TX 1985 – 1986

Senior Financial Analyst

Data Point Corporation San Antonio, TX 1984 – 1985

Financial Analyst

Kimberly-Clark Corporation Neenah, WI 1980 – 1984

Manager, Internal Controls and Cost Analyst

EDUCATION

Bachelors and Masters of Business Administration – Finance and Economics 1978 & 1979

University of Miami School of Business Coral Gables, FL

University of Michigan Graduate School of Business – Executive Program in Creating Shareholder Value

Rice University Jesse Jones Graduate School of Business – Executive Program Mergers & Acquisitions

ASSOCIATIONS AND BOARD AFFILIATIONS

Past Board Member – United States Field Hockey Association (US Olympic Committee)

Past Board Member – St. Louis University School of International Business Advisory Board

Past Board Member – Family Advisory Board of St. Louis Children’s Hospital

Member - Board of Directors of Barat Academy (Private Catholic High School)

Member – Villa Duchesne High School Board of Trustees (Private Catholic High School)



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