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Sales Company

Location:
Troy, MI, 48098
Posted:
March 09, 2010

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Resume:

Cell Phone 239-***-**** Email **************@*****.***

Patrick J. Hopper

P.O. Box 771***-**** Herbmoor Dr.

Naples, Florida 34107 Troy, Michigan 48098

SUMMARY I am a results driven executive with financial, operational and entrepreneurial skills. As a

strong leader who has a proven track record in difficult and challenging situations I have

made key contributions in large and small, public and private, domestic and international

operations.

EDUCATION

Masters of Science in Professional Accountancy, Walsh College, 1991

Bachelor of Science in Business Administration/Finance, Duquesne University, 1984

PROFESSIONAL EXPERIENCE

B2BExecutive Consulting

March 2009- present PARTNER Troy, MI & Naples, Fl

• Part time CFO for small growing businesses

• Prepared international client monthly business plans and assisting with capital raise.

• Determined share price for high volume manufacturer looking to raise capital

• Coordinating research for Medical Career Agents, a health care recruiting company.

• Gaining knowledge of unique internet search tools and content search capabilities

• Training recruiting staff on technology tools

Luxury Ventures $18 m revenue

April 2003- March 2009 CO-PRESIDENT & CFO Naples, Florida

• Created the infrastructure to support growth of the business which involved extensive system changes to

enable the Company to run multiple stores.

• Drew upon my numerous years of financial, merchandise and distribution experience within the retail sector

to successfully implement systems which included: replenishment, store to store transfers, open to buy,

inventory roll-forwards, accounting, gross profit reporting and exception reporting.

• Numerous analysis capabilities were put in place to analyze sales by zip code, sales by customer year added,

sales by vendor, pricing strategies etc.

• Expand Company to six stores, four in Florida and two strategic seasonal stores in the Alaskan cruise ports.

• Implement first step of unique bricks and clicks strategy by opening of the first luxuryliquidators.com retail

outlet in Alaska.

• Developed framework for customer loyalty program analyzing customer history.

• Implemented unique marketing programs to drive traffic into stores as well as provide community support

and awareness for business.

• In November 2007, despite being EBITDA positive, the Company filed for chapter 11 protection due to a

liquidity tightening by its senior lender in response to the Florida real estate meltdown.

• Guided the Company through the bankruptcy process successfully exiting on 8/1/2008

• Developed plan of re-organization “POR” working closely with the creditors committee to garner full support

for a restructuring plan.

• The credit crisis of 2008 resulted in the company deciding to liquidate in 2009.

LITTLE SWITZERLAND - {LSVI} {Tiffany} $75 m revenue

June 1999- April 2003 EVP-CFO USVI, Caribbean

• In June of 1999, I joined a Company that was teetering on bankruptcy. Within two months I submitted a 3

Cell Phone 239-***-**** Email **************@*****.***

year restructuring plan to the senior secured lenders which resulted in them entering into a forbearance

agreement with the Company.

• After presenting the Company to investors for nearly three years, we finally completed a 45% sale of business

to TIFFANY & Co followed one year later by a tender for 100%.

• Secured $12 Million working capital facility

• In 1999 the Company received a Going Concern matter of emphasis and managed to operate for 3 years

restructuring through US expansion with limited capital leading to an eventual buyout by Tiffany & Co.

• Identified and sold redundant non-performing foreign companies.

• Stabilized and rebuilt infrastructure, which had suffered years of neglect.

TESCO PLC $ 3 Billion – International Consolidated $70 Billion

Dec 1997- Jan 1999 Central European Projects Director ENGLAND

• Compared financial data and identified synergies for Tesco within Central Europe and their newly acquired

acquisition from Wal-Mart in Asia.

• Acting Central Europe CFO for 2 months which gave me the ability to identify common issues and

recommend short term and long term synergies. This role also gave me the ability to improve the

communications between Central Office and individual countries

• Assisted in determining the centralized and decentralized decision rules to be used in the rollout of a new

integrated hypermarket system as well as Oracle financials.

• Worked closely with UK tax to hire and consult to a regional tax manager

• Board Member of Tesco BV Holdings, Netherlands holding Company for Central Europe

April 1996-Dec 1997 CFO/Director Fin & Admin $400 m rev. Prague, Czech Republic

• Managed the sale of the largest foreign retail investment ($115 m) in the region.

• At the closing of the Tesco acquisition, I was the only US expatriate asked to immediately join Tesco to lead

transition to new executive team.

• Seamlessly worked with UK executives on the understanding the traffic flow drivers in a non food

Department store setting.

• Created a process for local input into site research and selection process.

• Attended International Treasury Management Center, Cannes France, 1997

Kmart Corp $ 300 Million – CR/SR Consolidated $28 Billion

Jan 1994-April 1996 Director Finance and Administration Czech Republic and Slovak Republic

• Fully accountable for all significant financial and operational decisions in two countries.

• Lead Czech Republic’s 1st merger resulting in operational efficiencies, utilization of $6 mil tax loss carry-

forwards and cumulative $4 mil tax savings.

• Identified a banking crisis in the Slovak Republic one week prior to the actual crisis which enabled the

Company to quietly protect $6 million dollars prior to the actual crisis.

• Increased the income from 3rd party licensees to $5 m despite a decrease in space.

• Streamlined decentralized functions and maximized cash flow to $30 mil by developing a multi-

country/currency online reporting and planning system from manual process.

• Simplified physical inventory process (to overnight form 3 days) and cleaned accounts to minimize tax

exposure.

• In ex-communist countries, shrinkage was not considered a cost of doing business and I successfully

demonstrated to the Finance Ministry on business and tax advantages of allowing shrinkage deductibility ($8

mil cumulative savings)

Nov 1984 -Dec 1993 various planning and reporting positions Troy, Michigan

• Roles in corporate reporting, planning and strategic planning required considerable interaction with non-

financial areas providing the skills for my International Assignment. Exposure to well respected executives in

the merchandising, systems, transportation and operational areas, as well as financial helped me assume a

leadership role.



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