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Wyomissing, Pennsylvania, United States
January 24, 2018

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Wyomissing, PA *****



Chief Financial Officer/Vice President, Finance/Operations/Development

Professional Profile

Pro-active and result oriented executive, with broad experience in all aspects of accounting and financial management. Hands-on style in the development, implementation and execution of systems, continuous process improvement and strategic plans, building, leading and advising corporations through complex restructurings, international expansion, and capital markets transactions.. Deep operational involvement including advanced skills and implementation experience with distinct ERP systems. Versatile and highly organized, with expertise from startups to growth companies to Multinational Multibillion dollar companies. Accomplished in mergers and acquisitions, structuring and negotiating transactions and favorable terms with commercial and investment banks. Excellent leader with a track record of documented contributions leading to improved financial performance, increased shareholder value, heightened productivity, and enhanced internal controls.

Industry Specialization: Manufacturing, Supply Chain, Distribution, Professional Services, Healthcare (For-Profit, Medical & Dental), Real Estate Development, Medical Devices, Agriculture, Packaging, Apparel, Chemicals and Food and Beverage.

Professional Experience


CFOO – Chief Financial & Operating Officer

Investment Banking and Corporate Finance Services

CFO/COO Contract and Project Services

CJKANT Resource Group Holdings, LLC/AtWork Personnel Services/AtWork Franchise Inc.

Devon International Group

SmileSpa Family Dental LLC

Penn Dental Spas LLC

BioMechDirect, Inc./MedTech Direct

Lakeside/MedITLive Professional Billing LLC

CFOO for a $150mm National employment services company. Structured $30 million Line of Credit and $7 million Mezzanine Term Loan.

Acquired Companies and Real Estate. Land subdivision – residential and commercial.

59 acre residential parcel subdivided into 219, 55+ town homes.

Commercial land acquisition on several occasions and subdivided for suitor use.

Dental Industry – Penn Dental Spas – acquired two declining offices. Renovated, marketed and grew the offices 500% in collections. Collection growth from $740,000 to $4,050,000 in 3 years.

Medical Device Industry – acquired and grew a durable medical equipment company.

Created Systems for Due Diligence, Investment reporting, and financial reporting. M&A analysis.

Managed all daily financial and operational issues, business development, merger & acquisition due diligence.

Developed, coordinated, and evaluated the financial programs and supporting information systems of the companies to include budgeting, tax planning and conservation of assets.

Initiated and led projects from concept through all stages of development including funding, project management, and oversight to successful completion. Retention/manage and negotiated sales.

Successfully navigated within highly political environments in a manner that keeps projects on track and on budget, and working to achieve consensus of all parties in doing so. Developed reporting systems for each process.

Developed Budgets and deviation reporting systems for weekly Investment Committee and strategic planning meetings.

Established and implemented “Best in Class” benchmark goals in each industry sector to measure activities and provided dash board reporting to monitor against action plans.

Incorporated KAIZEN (Japan’s SIX SIGMA) techniques to facilitate strategic planning, process improvements, systems development, cost control, labor training, Kanban systems management reporting, continued business expansion and financial growth. Responsible for the management of the entire organization’s KAIZEN (Continuous Improvement) Groups.

Ensured compliance with local, state, and federal tax and budgetary reporting requirements.

Represented the Company to government agencies, funding agencies, and the media. Recruited, trained, and supervised department staff. Evaluated and measured performance goals.

Sale/Leaseback for owner/operators and financial institutions. Created and implemented a concept that reduced leaseholders overhead and resulted in acquiring a preferred developer status and facilitated continued company growth. Built assets of company to over $100 million.

Managed cash, Insurances (P&C, Workers Comp), Employee benefit programs, and shareholder interests.

Worked with management teams to analyze cash flow, cost controls, and expenses to guide Executives. Analyzed financial statements to pinpoint potential weak areas and monitor against budget.

Facilitated Board Meetings and presentations.

Developed Request for Proposals for projects. Managed construction of Infrastructure through final building and build out.

Created reporting systems from the RFP’s to award project bids based on price, service, and quality.


Chief Financial Officer, Board of Director (Turnaround - 1 year contract)

Devon International Group (DIG), a multinational group of companies spanning the healthcare, IT, and international business industries. DIG employs over 500 people in 20 countries and has headquarters in King of Prussia, Pennsylvania, USA, and Shanghai, China. Our principles are anchored two strategies: "Blue Ocean," in which we create and innovate business opportunities rather than engage in fierce competition, and "The World is Flat," in which we have developed offices and business practices internationally for success in today's global business market.

Devon Medical Products

Devon IT

Devon Health Services

Devon Office Furniture

Devon Management Holdings LLC

CH Holding Company, LLC/Coordinated Health - Lehigh Valley, PA Feb 2011 – Oct 2014

Chief Financial Officer, Board of Director

Integrated Hospital Network – For Profit

$200 million revenue annual

Orthopedic Surgery, Cardiology, Plastic Surgery, Pain Management

Two specialty surgical hospitals, one ambulatory surgery center, 17 outpatient offices including MRI and Physical therapy

Managing ERP system implementation – Medicare Bundled (Cycle of Care) ABC Costing

Real Estate development for corporate growth

oManage Bank Relationships - $60 million credit facility

oConstruction management for various projects (Acute Rehab building, MRI Suite, Land acquisition for outpatient facilities - $150 million in value

Accomplish tasks necessary to achieve the organization’s mission, vision, and strategy.

Work with CEO & COO to increase shareholder value.

Monitor internal controls, risk management, and asset preservation – Company Steward.

Manage Banking and Financing relationships.

Monitor structure of the Company’s accountability, Balance Scorecard, KPI’s.

Implement ISO 9001 and Continuous Improvement System.

Act as Business Partner to other decision makers – Company Catalyst.

Record Control (Financial records, GAAP, Audits, IRS Tax Code, Sarbanes Oxley)

F&P HOLDING COMPANY, INC. - Reading, PA 1999 – 2010

Vice President and Chief Financial Officer, Board of Director

F&P Holding Company – $2.4 billion revenue/annual

International Headquarters, P.O. Box 170, Blandon PA 19510 USA

Food Divisions Container Divisions

DiGiorgio Mushroom Co. Can Pack S.A. Holdings (Europe)

Giorgio Foods, Inc. Can Corporation of America

Giorgi Mushroom Co. Berks Can Co.

Ontelaunee Farms, Inc. CCA of Indiana

Real Estate Divisions

Ascoli Realty Co.

Maidencreek Plaza Co., LLC

Managed the financial structure of the entire organization (Global). Including continuous analysis of all company balance sheets, restructure credit facilities, invest excess cash, and manage the investment management of the companies’ profit sharing and 401k plan. Created daily dashboard reporting.

Integrated shared service technology SAP platform with USA and Europe. IBM AS 400 hardware. Improved efficiency and effectiveness of all financial processes and reporting.

Responsible for initiating and maintaining strategic planning and development at all companies. Enjoyed and stressed building close team relationships with all contributors and participants which facilitates an easy environment where all work together, in a positive manner, to achieve the common goals of the company.

Manage the corporate risk and developed models to enhance the analysis of financial transactions. (Global)

Responsible for improving shareholder value (Global).

Parallel to 5 Company Presidents.

During tenure with company, paid-off $65,000,000 in long-term debt. Resulted in cash surplus for the first time in company’s 75-year history. Worked with the Board of Directors and Divisional Presidents to create the Holding Companies Investment Criteria for business acquisitions. Searched, networked with Investment Bankers and the Merger & Acquisition Community to find appropriate businesses to evaluate.

Developed relationships and high integrity business network (Attorneys, CPA’s, Investment Bankers, and Commercial Bankers) to provide operating company and real estate acquisition opportunities (Deal Flow).

The 75 year old company was most profitable in company history during my 7 year tenure.

Reduced charge-backs from grocery customers through detailed effective reporting required by the customer. Integrated inventory on demand which increased sales and volume space with customers.

Obtained $500,000 in PA grant money and $1.8 million in tax credits working with the PA Governor’s Action Team, Berks County Community and Economic Development Fund.

Initiated, developed, and guided diverse professional individuals and groups in the process of development and business best practice continuous processes, stressing team participation.

Created Real Estate division and built its value to $125 Million in only 4 years.

Reviewed purchase agreements and due diligence documentation for proposed company and real estate acquisitions. Developed the Companies Due Diligence Package to follow the Board of Directors Investment criteria.

Company paid off all debt; first in 75 year company history and had cash surplus for corporate organic growth and acquisitions. Utilized detailed Bank software for internal purposes for Bank negotiations.

Created an EVA (Economic Value Add) Executive Bonus program.

Initiated acquisitions, due diligence, and purchase negotiations.

Integrated acquired companies into F&P Holding Company. Set up systems and processes.

The Companies credit facility was LIBOR plus 40 basis points. Lowest rate obtained in the industry through my negotiations.

Attended board of directors meetings, explained reconciliation of internal financial statements to external GAAP statements and feasibility and status of turnaround plans.

The companies incorporated KAIZEN management 25 years ago and strive for continuous improvement. Strategically utilized KAIZEN (Japan’s Total Quality Management, SIX SIGMA) techniques to facilitate process improvements, systems development, continued business expansion and financial growth. Responsible for the management of the entire organization’s KAIZEN (Continuous Improvement) Groups.

Studied and trained KAIZEN continuous process improvements equivalent to a Black Belt Six Sigma designation. Managed Quality Circles for cost reduction, manufacturing efficiencies, and human resources.

Structured financing on equipment and new business projects of $20 - $500 million. Including work with the European Investment Bank, taxable and tax exempt bond financing.

Extensive travel throughout Europe, UAE, Asia. Managed the International Business including facility oversight in China and India. Negotiated contracts and importing product from China, India, Poland, Italy, Holland, Belgium and other Countries.

ARTHUR ANDERSEN, LLP - Philadelphia, PA 1996 – 1999

Senior Manager in the Contract Finance & Process Solutions Divisions

Example engagements include:

Acting Senior Management for a multinational specialty chemicals start up acquisition. Managed venture and credit financing arrangement. Managed development of outsourcing accounting function with Deloitte Touch Co-Sourcing Division. Assisted CEO and Companies senior management in first five months after acquisition.

Acting Chief Financial Officer for a retail service provider with 33 locations in the U.S. operating in a crisis environment because of large recurring losses. Managed an accounting staff of 22.

Worked with CEO, COO on identifying operational issues and preparing profitability analyses.

Attended board of directors meetings to explain reconciliation of internal financial statements to external GAAP statements and feasibility and status of turnaround plans. Prepared short-term forecasts. Met with and explained the company’s financial position and prospects to its lenders.

Reviewed purchase agreements and due diligence documentation for proposed acquisitions.

Performed interim CFO duties two days per week at a specialty insurance underwriter and agency.

Prepared and presented to executive management detailed financial projections for a sweater manufacturer, cable television programmer and the roll up of court reporting agencies into a national firm.

Performed as a full time acting CFO/COO at high-end women’s apparel designer/manufacturer. Identified and managed through short-term cash crisis, reduced overhead by approximately 40% and noncurrent inventory by 95%; negotiated the termination of an unfavorable lease purchase commitment (generating approx. $ 6.0 Million in savings) and structured various agreements with senior lender. Improved closing cycles and instituted weekly flash reports and cash forecasting methodology.

Managed the outsourcing engagement for a vacation home developer at the CFO level and structured joint venture agreement with a US based subsidiary of a European parent. Structured various senior lender and equity transactions to finance operations.

Managed the financial analysis and trustee reporting review in the due diligence process for a successful acquisition of a $ 16.0 Billion CMBS servicing portfolio.

Acting Controller at a Casket Manufacturer in Mississippi

Acting CFO/COO at Physicians’ Practice Management Group in Bethlehem, PA.

Managed LIFO project for five acquired divisions of a Casket Manufacturer

Served as accounting consultant for a bulk carrier in Wilmington, DE. Recommended and instituted process improvements to strengthen controls and facilitate the financial closing process.

Acted as interim controller of a bulk carrier in Nashville TN. Managed a staff of eight client and four Andersen personnel.

Developed cash analysis and reconciliation procedures for a national bank’s Treasury Department.

Developed cost model and task tracking system for client proposal costing and internal resource management for Andersen’s Enterprise Center.

Served as interim controller of the U. S. subsidiary of a Chinese insurance company. Transferred the accounting function from a local accountant to Andersen’s Enterprise Center in Philadelphia. Effectively dealt with client personnel in China and Insurance Department regulators in Delaware.

Performed project work for several clients including a leasing company, startups, and a video training company.

CHARLES SAKMANN GOLF, INC. - Reading, PA 1991 – 1996

Controller/CFO, Board of Director

Start-up Company.

Responsible for Financial Management of Company.

Developed credit and collection policies to reduce bad debt expense and days sales outstanding.

Planned, developed and installed a 401k plan.

Developed an information systems plan, in conjunction with a consulting firm.

Managed the special assets borrowings by recommending optimal strategies, establishing contingencies and analyzing historical and projected profitability, cash flow position, continued viability, collateral coverage and inherent exposure level.

HERBEIN + COMPANY, INC., Reading, PA 1986 – 1991


Regional public accounting firm with offices in Reading, Pittsburgh, and Pottstown, PA.

Managed full engagements, audit, tax and business advisory.


MBA, St. Joseph’s University, Philadelphia, PA - 1991

CPA Certificate - 1987

B.S. Accounting and Finance, The Pennsylvania State University, State College, PA - 1986


Reading Central Catholic Youth Football

Co-Founded CYO football back into Berks County. Organized all Elementary feeder schools to Reading Central Catholic High School.

Coached youth football for 8 years

Holy Name High School, Middle School, and Youth Lacrosse

Co-founded high school, middle school, and youth lacrosse club which school endorsed within two years to make it a girls and boys varsity sport.

Organized all Berks County elementary catholic feeder schools for both Reading Central Catholic and Holy Name High Schools for the children to be able to participate.

Coach youth lacrosse for the past 5 years.

Birdsboro Optimist Club, 1990

Co-founded Optimist Club and resided as President of Club while living in Birdsboro, PA

Penn State Rugby Union Club, 1982 – 1986

Reading Rugby Football Club, 1988 – 1997

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