Tony Smith
Naperville, Illinois 60564 ***********@***.***
career
summary Highly motivated Finance and Operations Executive with extensive leadership skills. Broad and
deep expertise in controllership, information systems, accounting and treasury. Highly organized,
proactive, creative and innovative thinker. Demonstrated ability to communicate persuasively at
all levels – from clerical training sessions to presentations before boards of directors and
investment communities. Quick study with the ability to immerse self in problems and develop
effective, and actionable solutions.
professional
experience
SAFEWAY INC. Oak Brook, IL
2011-2012 Vice President Finance & Chief Financial Officer – Dominick’s Finer Foods.
Provide leadership to a Chicago based 72 store grocery chain with sales of nearly $2 billion.
2006-2011 Director Internal Audit - Retail Operations Audit. Provide leadership to a new audit group
across six divisions, covering 960 stores and 1,300 pharmacies with approximate volume of $20
billion.
2001-2006 TONY SMITH CONSULTING Naperville, IL
Managing Director. Provide consulting services for Sally Beauty Company, ARAMARK, RSM
McGladrey and HMS Host (formerly Host Marriott Services) focusing on Sarbanes-Oxley and
shared services for financial transaction processing. Helped client eliminate 350 positions in its
field accounting organization, improved accuracy, timeliness and control with limited investment.
1998-2001 ACCENTURE (formerly Andersen Consulting) Chicago, IL
Associate Partner. For this international consulting firm, worked as member of retail consulting
practice. Left following major downsizing in the aftermath of September 11.
• Partnered with leading retail clients to develop strategies to improve operational effectiveness
and drive out costs.
• Designed, built and implemented an integrated perpetual inventory and stock ledger system
for a national department store.
• Created shared services strategy, business case and design for a major operator of restaurants
and retail stores.
• Identified multimillion-dollar cost reductions for a national building supply chain.
• Developed customer relationship and revenue-enhancing strategy for a global dealership
network.
1996-1998 ERNST & YOUNG LLP Chicago, IL
Senior Manager. Recruited to join this Big 5 firm to help form a new retail practice. Left when
practice was dissolved after the practice leader left to join another firm.
• Built client relationships, pursued and sold new business, and managed revenue in excess of
$4 million.
• Developed strategy to reduce finance costs for global appliance manufacturer with projected
savings of $10 million.
• Acted as Chief Cost Accounting Officer of a super-regional bank holding company.
• Identified, recruited and staffed 17 senior managers and managers, on an accelerated basis, for
the firm’s second largest custom software development project.
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Tony Smith Resume
• Developed and implemented open-to-buy and open-order policies/procedures, tracking, and
reporting for a retail chain. Highlighted over- and under-bought conditions and trained buyers
and management.
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Tony Smith Resume
1994-1995 THE CALDOR CORPORATION Norwalk, CT
Operating Vice President - Assistant Controller. For this discount retail chain with 85 stores
and sales of $2.8b, relocated financial processing center.
• Managed and provided leadership to 210 employees. Directed payables for 5,000 vendors
and payroll for over 25,000 associates. New processing center resulted in annual savings of
over $2.5 million.
1992-1994 R. H. MACY AND COMPANY, INC. New York, NY
Group Vice President - Corporate Audit. Recruited to run the internal audit function for this
large retail chain shortly after if filed Chapter 11. Position was eliminated when company was
purchased by Federated Department Stores.
• Restructured and centralized Internal Audit functions into corporate headquarters, eliminating
redundant functions in divisions and increasing departmental productivity by 300%.
• Developed comprehensive risk-based audit plans for Audit Committee of Board of Directors.
• Reduced data processing costs of private-label credit card provider by $4.6 million.
• Worked with outside public accountants to reduce audit fees from $1.7 million to $1.1 million.
1991-1992 APPLIED INTELLIGENCE GROUP Edmond, OK
Senior Retail Consultant. First nontechnical consultant in this boutique systems integration
consulting firm specializing in retail and distribution. Developed two new retail clients and sold
$5 million in point-of-sale hardware, software and consulting.
1989-1991 BARGAIN TIME, INC. Oklahoma City, OK
Vice President, Finance and Operations -- Chief Financial Officer. Recruited to lead this new
off-price retail chain that was funded by Meshulam Riklis. Ultimately liquidated the operation
when cash flow was insufficient.
• Grew chain from 4 to 205 stores in one year; operated stores on a nearly paperless basis, using
technology.
• Led the implementation of comprehensive merchandising and distribution systems on IBM
AS/400 and opened data center and distribution facility.
1987-1989 C. R. ANTHONY COMPANY Oklahoma City, OK
Vice President - Finance and Chief Financial Officer. Recruited by Citicorp Venture Capital to
lead financial organization of this 247-store department store chain.
•Converted chain from cost to retail accounting in six months.
• Installed new general ledger package and developed all retail accounting systems, from
scratch.
• Planned and installed new IBM S/38 and IBM AS/400 computer hardware.
• Managed banking/finance relationships, SEC and IRS filings, following leveraged buy-out.
• Negotiated vendor terms, which increased payables from 25 to 50 days.
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Tony Smith Resume
• Designed, built, and provided associated training for a PC network for e-mail, cash/sales audit
reporting, payroll, and price change reporting. Improved general ledger closing cycle by five
days.
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Tony Smith Resume
1985-1987 HOWARD BROS. DISCOUNT STORES CORPORATION Monroe, LA
Senior Vice President - Finance and Chief Financial Officer. Recruited to lead financial
organization of this division of Wickes Companies with 67 stores and annual sales of $600MM,
reporting to the CEO of the division and the CFO of the parent corporation. Ultimately
responsible for liquidating the chain.
• Developed formalized strategic plan and implemented comprehensive financial
planning/reporting systems.
• Recruited/developed strong financial organization, including succession planning for each key
position.
• Redirected Information Systems to rapidly bring the company to state-of-the-art
mechanization.
1981-1985 GOLD CIRCLE STORES Columbus, OH
Vice President – Controller (1983-1985); Vice President - Audits, Payables, and Procedures
(1982-1983); Director - Internal Audit (1981-1982). For this 85-store division of Federated
Stores with sales of $800MM, held increasingly responsible positions.
• Led staff of 240 employees, including 40 finance professionals.
• Designed, developed and implemented retail inventory shortage programs to reduce shrinkage
from 4.1% to 2.0%, improving profitability by $12 million.
• Developed, implemented and managed shared services accounting and processing for new
retail company.
• Reengineered payables processing, reduced significant backlogs and eliminated gross
inaccuracies. Decreased the number of employees by over 40 full-time equivalents, saving
Gold Circle approximately $1.2 million.
• Developed and implemented automated systems, including GL, AP, AR, Payroll, and POS.
1974-1981 SEARS ROEBUCK & CO. Chicago, IL
Accounting Group Controller (1979-1981); Controller (1977-1979); Senior Auditor (1975-
1977); Controller Trainee (1974-1975). Began post college career with largest retail department
store chain.
education/
certification Saint Louis University St. Louis, MO
Received the degree of B.S.B.A. in Accounting.
Certified Public Accountant, State of Ohio – not active