KENNETH A. HINKLE, CPA

**** ******** ****

York, PA 17403

abnggi@r.postjobfree.com

717-***-****

BACKGROUND SUMMARY

Supportive, ethical and responsive SENIOR FINANCIAL EXECUTIVEwith a proven record of success working

with field operations and senior management. A goal-oriented, influential leader, whose strong work ethic thrives in a

fast pace environment. Respected financial leader known for providing value-added advice to achieve strategic and

business objectives.

Restructuring Negotiation

Leadership

Treasury /Banking Budgeting

Financial Reporting

Acquisitions/Divestitures Planning &

Credit & Cash Management

Problem Solving

PROFESSIONAL EXPERIENCE AND ACCOMPLISHMENTS

Direct-To-Consumer Division York, PA 2007 - 2009

Lifetime Brands, Inc.

Vice President – Finance

Responsible for the accounting/finance functions for $87M retail operation with Pfaltzgraff & Farberware stores

nationwide, catalogs, and web. Supervise 3 direct reports.

• Reduced store payroll by 3.2% resulting in payroll savings of $1.4MM.

Instilled store and departmental budget responsibilities and performance measurements.

• Eliminated duplication of accounting functions between corporate

and divisional accounting departments resulting in one person

elimination (33% reduction in divisional accounting staff).

• Implemented internal controls on inventory cycle counts, employee discounts,

customer refunds, and all inventory adjustment codes resulting in a .8% reduction

in shrinkage.

Corningware Corelle Revere Factory Stores Greencastle, PA 2005 – 2007

A Division of World Kitchen, LLC

Vice President – Finance

Responsible for the total financial, logistics, IT, and planning & allocation (inventory) functions for $85M retail

operation with 79 stores nationwide. Supervised 5 direct reports and a staff of 21.

• Restructured the distribution center operational format which resulted in annual

payroll reduction in excess of $200K while all the productive metrics were increased.

Restructured the accounting department which eliminated a full time position and resulted in the timely distribution of

the accurate monthly financial statements.

•

Supervised the computerization of the financial statements which

eliminated the excel based financial statement package.

Designed and implemented a change in the ordering process which reduced the turn-around time

of merchandise processed through the distribution center by 3 days.

Hinkle Consulting Hanover, PA 2002 - 2005

Specializing in internal control, “best practice”, accounting/operational procedures, IT, budget, and cash flow reviews

with recommendations and implementation of procedures for maximum performance.

Spherion Corporation

Congressional Hispanic Caucus Institute (CHCI)

Duracraft Boats

Hanover Performing Arts Center

Constellation Energy

World Duty Free Americas, Inc. Baltimore, MD 1997 – 2002

Chief Financial Officer

Responsible for the financial, logistics, HR and IT functions for $500M “duty free” international

retail/wholesale company with five divisions, 180 stores nationwide. Supervised 5 direct reports

and a staff of 150.

Designed and implemented the change from a vertical five divisions accounting

function to one horizontal corporate accounting function which created consistency in

internal control and uniformity in GAAP applications.

Reduced annual Associate turnover from 60% to 20% by implementing fair & consistent

personnel & payroll policies . The retention of knowledge increased the reliability of the

financial reporting.

Consolidated the corporate functions that resided in four different locations (CT, NY,

MD, TX) for a cost savings of 22%.

Strategically planned the sale of one division and the divestiture of an unprofitable

international division.

Appointed liaison for the financial functions between the US and UK (Owner).

Eagleville Pharmacy, Inc. Eagleville, PA 1995 – 1997

Chief Financial Officer (Appointed by the Bank)

Responsible for the daily operation of the $125 M six store discount pharmacy chain.

Planned and implemented operational changes that resulted in a turn around break even

cash flow within 90 days.

Negotiated and executed the sale of the company to a national chain for $750K.

Restructured and satisfied vendor debts upon the sale of the company without personal

losses to the Owners.

Hess’s Department Stores, Inc. Allentown, PA 1976 – 1995

Chief Financial Officer

Responsible for the total financial, logistics, HR and IT functions for $750M “full line” department store chain with 72

east coast stores. Supervised 4 direct reports and a staff of 350.

Designed and implemented the financial budgeting system which mandated individual financial

responsibility and created immediate accountability for every area and level of the total operation.

Negotiated $60 million working capital lines of credit with the banking community and created partnership with 400

vendors that facilitated shipment of goods on open credit despite five years of losses, shrinking working capital and

minimal equity.

Restructured financial departments, which resulted in cost savings of $1.2 million in payroll and payroll benefits.

Strategically acquired four companies and merged 34 stores. Developed a change management plan, which

included both the financial and MIS functional support.

Implemented a profit improvement initiative downsizing of 72 stores generating $4.5

million in annual profits.

Restructured company’s debt, resulting in $32 million in debt exchanged for $9 million of preferred stock.

An annual interest savings in excess of $2.5 million.

Delhi Manufacturing Corporation Delhi, LA 1972 - 1976

Ernst & Ernst Harrisburg, PA 1968 – 1972

EDUCATION Pennsylvania State University Bachelor of Science in Accounting

PROFESSIONAL MEMBERSHIPS

American Institute of Certified Public Accountants PA Institute of Certified Public Accountants

ACCOUNTING INSTRUCTOR

Penn State University – Lehigh Valley Campus 1989 - 1996

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