WILLIAM E. WARRIN

Broomall, PA ***** 267-***-**** ac0eye@r.postjobfree.com

www.linkedin.com/in/billwarrin

CHIEF FINANCIAL OFFICER

Seasoned executive with demonstrated accomplishments in demanding business situations requiring long-term strategic planning and execution; corporate restructuring and turnarounds; team building; market-share improvements; multiple acquisitions and joint ventures; and strategic roll-ups in leveraged financial environment. Global business experience and leadership in e-commerce, retail, direct response, franchising, light manufacturing and service industries in both entrepreneurial and medium-to-large size firms. Highly analytical with keen ability to assess complex situations and effective in building strong financial operations and organizations. Key competencies:

Strategic Planning Financial Planning & Budgeting Corporate Restructuring Board Meeting Presentations

Supply Chain Mergers and Acquisitions Due Diligence Accounting Auditing Tax Planning

Information Technology Human Resources Treasury / Banking Accounts Receivable Insurance

SELECTED ACCOMPLISHMENTS

Led management buy-out, turnaround and sale for LA Weight Loss brand and in less than two years successfully completed a turnaround of the business which culminated in sale to Canadian company.

Drove 25% compounded growth rate and grew LA Weight Loss into an 850 location $500M business in six years. Supported franchise and corporate owned centers with financial, IT, and purchasing oversight. Growth was all organic and funded with self-generated cash flow.

Directed $70M Divestiture of a $60M subsidiary. Oversaw the transaction from the preparation of the initial offering to the final closing and transition to the buyer. Recognized a $50M gain on the deal, receiving recognition for success.

Developed Value Management Process to drive shareholder value linking key business decisions to critical operating metrics.

PROFESSIONAL EXPERIENCE

2nd Ave Value Stores, GreenDrop LLC, Bensalem, PA 2014 to 2017

$75M thrift store business supported by GreenDrop as the paid fundraiser soliciting individual households for clothing and household goods which were sold through 2nd Ave thrift stores.

Chief Financial Officer

Recruited for in-depth knowledge of all internal financial functions including controllership, budgeting, month-end close, financial statement reporting, financial/business/operations analysis, systems development and audit.

Supported 7% annual growth rate in retail sales along with 10% annual increase donations for 3 years.

Structured the generational ownership transition to allow one family member to buyout the other 50% owner and protect them from onerous estate tax liability.

Structured a $16M loan facility which consisted of revolving line of credit, growth capital for opening new stores, equipment line of credit for vehicles, and loans to support the generational ownership transition for the family. Reduced interest expense by $50K and opened new stores and donation sites.

Converted payroll processing to ADP Workforce Now for 1,300 employees, reduced two staff positions while reducing State unemployment rates saving $100K annually.

William E. Warrin Page 2

Corporate Interiors Inc., Conshohocken, PA 2011 to 2014

Largest commercial furniture dealer in the Philadelphia area supporting corporate, education, and healthcare. A Steelcase dealer specializing in workplace environments and selling sustainable products.

Chief Financial Officer

Leveraged experience in building relationships with banks, financial institutions, investment bankers and boards with keen ability to assess complex situations, identify underlying business and operational issues, and drive resolution of major financial and process problems.

Renegotiated $6M line of credit and term loan securing interest rates below 3%.

Reorganized the administrative functions to support the 3 year 23% compounded growth.

Evaluated site consolidation, reviewed purchase and sales documents, and negotiated a $6M bank financing package.

Weight Loss Services, LP, Horsham, PA 2008 to 2011

$40M privately owned partnership providing services through franchise locations and e-commerce.

Partner and Chief Financial Officer

Led management buy-out of the LA Weight Loss brand in 2008; stabilized the business and re-established the brand by launching an e-commerce platform. Remained cash positive immediately after the buy-out.

Consolidated point of sale customer databases to target past retail clients; used propensity to buy modeling and converted to e-commerce customers.

Established a continuity sales model to drive repeat sales to the site.

Re-established supplier and franchise relationships.

Sold the business to a Canadian Weight Loss Company after completing a 2-year turnaround and integrated the finance, IT, and purchasing functions into the Toronto office in 6 months.

LA Weight Loss Centers, Inc., Horsham, PA 2002 to 2008

$500M privately owned company providing weight loss counseling through 850 centers in both franchise and corporate owned locations throughout the U.S., Canada, Australia, and Costa Rica.

Chief Financial Officer

Directed all financial, IT, and purchasing functions including POS, telecommunications and inventory supporting a 25% annual growth rate. Effective in building strong financial operations and organizations.

Converted all operating and financial systems from legacy systems to an Oracle platform.

Developed field based controls over cash and inventory; reduced missing deposits and shrinkage.

Created a budgeting and forecasting system improving ability to react to changing market conditions.

Upgraded and enhanced a new POS using the TOMAX system which significantly increased the transaction flow and provided annual savings of $500K in credit card fees.

Developed an entire management reporting package to provide management with timely reporting.

Implemented a third-party financing alternative (Care Credit) to prospective clients increasing sales and average order size by 20%.

Developed a franchise intranet supporting the franchise system of owners that provides sales, royalty, refund, and statistical reporting improving efficiency and eliminating paperwork.

Renegotiated numerous contracts saving >$1M annually while improving service levels.

William E. Warrin Page 3

Blair Corporation, Warren, PA 2000 to 2002

$600M publicly owned direct marketing company selling women’s and men’s apparel and home furnishings.

Vice President of Corporate Development & Strategic Planning

Created an acquisition strategy to identify target companies and joint ventures to leverage existing core assets. Built relationships with investment banks, commercial banks, and other parties to source acquisition opportunities; led deal evaluations, performed due diligence, and negotiated terms.

Negotiated and closed an endorsement agreement with acclaimed actress Jane Seymour for women’s fashions and home furnishings. Sales were generated through catalogs, e-commerce, and home shopping channels.

Led the due diligence, structuring, and negotiations for two acquisitions and one joint venture providing the coordination with investment bankers, attorneys, internal resources, and other relevant external consultants.

Opened Blair International to launch offshore sourcing in the Pacific Rim and India reducing product costs by >$3M annually. Offices in Hong Kong, Singapore, and New Delhi.

Implemented an inventory management process, which reduced inventory by $50M (50%), while maintaining fulfillment and service levels.

ARAMARK Business Services, Philadelphia PA 1997 to 2000

Leading global provider of food, facilities and uniform services to education, healthcare, business and industry, and sports, leisure and corrections clients.

Chief Financial Officer with financial oversight of a $1.2B highly decentralized managed services business with >30K employees, 750 contracts in 45 states for Fortune 100 companies and government agencies.

Led the highly successful acquisition and integration of a $180M food service business in less than six months, achieving first year results 15% above plan. Piloted a value management program that enhanced shareholder value by linking key business decisions to critical operating metrics within the business.

Managed the design, testing and implementation of a new Oracle financial and metric system. Established a formal management development process that reduced turnover and promoted internal talent.

WearGuard Corporation, Norwell MA 1987 to 1997

A $250 million division of ARAMARK, direct marketer of work cloths, career apparel and uniforms. WearGuard was a private company prior to its acquisition by ARAMARK in 1992.

Chief Financial Officer managing staff of 50 responsible for the finance and accounting operations including financial planning, analysis and reporting, inventory control and credit and collections. Led the due diligence, structuring, negotiations and integration of two $100M businesses from the initial phases of analysis through closing. Developed and implemented an exit strategy for owners by turning around their retail division and divesting it; acquiring mail-order companies to add distribution channels. Worked with Goldman Sachs to position and sell the business for $104M to ARAMARK, realizing a large liquidity event for the owners.

EDUCATION and PROFESSIONAL DEVELOPMENT

Bachelor of Science Business Administration (BSBA), Accounting Major

Bryant University, Smithfield, Rhode Island

Certified Internal Auditor (CIA)

Penn State Executive Leadership Program

TECHNOLOGY SUMMARY

Microsoft Office; Oracle; Sage General Ledger; ADP Workforce Now

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