ac853y@r.postjobfree.com **** Inverray Road Inverness Illinois 60067 847-***-****

John E. Udelhofen, MBA, CPA

PARTNER / CEO / CFO / COO

● EXECUTIVE MANAGEMENT ● GROWTH MANAGEMENT ● STRATEGIC PLANNING

● CHANGE MANAGEMENT ● PROCESS IMPROVEMENT ● BOARD REPORTING

● MERGERS & ACQUISITIONS ● START UPS

A passion for success, impeccable integrity and a deep commitment to value creation are the cornerstones of the philosophy that drives my executive viewpoint. An entrepreneurial leader who understands today’s intensely competitive global market. Gifted in the ability to develop strategic discipline, direct company focus, and grow shareholder value by identifying systemic pathways to success. An energetic leader who is flexible and understands the value of people and process. A team player who relishes challenges to enhance organizational value and build winning organizations.

Professional Experience & Accomplishments

One North Interactive, LLC (a digital marketing agency) Chicago, Illinois

Chief Financial Officer July 2017 – Present

During a downturn in sales, evaluated overall business with executive team to right-size and optimize operations.

oFocused on structure, head count and systems.

oReplaced project system for new and more functional ERP system.

oRevised monthly operating metrics for executive team.

Managed accounting and human resource functions, leading six indirect and two direct reports.

Worked with Private Equity firm to streamline monthly and quarterly reporting.

Continuously evaluated acquisitions and organic growth strategies.

Prepared and presented Board meeting information.

Assisted company in sale process through LOI to strategic buyer. Created 2.25 time return on investment for shareholders.

Creative Group, Inc. (a subsidiary of Direct Travel) Schaumburg, Illinois

Senior Vice President-Finance, IT, Operations June 2015 – June 2017

Responsible for integrating systems, operations and ERP financial reporting of two companies.

Analyzed existing manually-driven business processes and developed new methods, structure, procedures and operations. Achieved enhanced client intimacy by becoming highly customer focused.

Led Senior Leadership Team in developing both organic and acquisitive growth strategy.

Implemented and managed budget process.

Identified and applied cost saving opportunities. Implemented three significant initiatives resulting in over $800K in reduction of annual operating expenses.

Led and managed business services including IT Support, Accounting and Finance, Travel, Supplier Relationships and Operations departments.

Worked with President, SVP Business Development and SVP Employee Services by providing strategic-thinking insights and coaching, bringing relevant and higher-level external concepts to the forefront to drive Creative Group’s value-added proposition in a commoditized travel and event industry.

Led and managed an acquisition of core focused competitor. Performed valuation, due diligence and implementation. Increased EBITDA by $4.0M in two year period.

Equivoice (a technology solutions company) Chicago, Illinois

Chief Financial Officer 2014 – 2015

Prepared for the sale of this $20M cloud-based technology solutions organization and marketed company to potential strategic buyers.

Performed strategic review of company to determine value enhancements.

Structured strategic reorganization and systems support.

Managed the implementation of cloud-based accounting systems and procedures.

Managed three direct reports: HR, Risk, Accounting and Finance.

Blue Stone International, LLC ($24M revenue financial solutions provider) Chicago, Illinois

Partner 2012 – 2014

Responsible for creating a flexible organization that would scale based on 70% growth rates. Redefined the organizational structure, team building and implemented management training.

Designed and managed the implementation of a back-office cloud-based system that was integrated and efficient for scaling a virtual workforce. Used Intacct (Accounting), Nexonia (Time and Expense), Salesforce.com (CRM) as well as internal applications (Hyperion) to prepare monthly financial closes and the reporting package for management.

Reorganized business development and delivery to support sales initiatives and marketing efforts.

Led and managed HR, Operations, IT, Accounting, Marketing and Business Development personnel.

Team member involved in the sale of company to Huron Consulting.

Managed pre-sale due diligence and performed post-sale integration.

Increased company value by three times and sold to strategic buyer.

Laurus Technologies, Inc. ($65M revenue value-added reseller) Itasca, Illinois

Partner/Founder 2000 – 2012

Defined financial and operational structure to provide foundation for growth; built from start up to 85 professionals. Acquired and integrated two solution-based companies.

Prepared business plan, raised capital and started company.

Managed investor relations and seven-member board.

Led and managed all functional areas; developed strategic relationships with customers and vendors.

Developed all processes and procedures for company.

Implemented business systems for managing and reporting.

Open Business Systems, Inc. ($32M revenue technology solutions provider) Chicago, Illinois

Partner/Founder 1991 – 1999

Grew the technology solutions provider from start up to 24 professionals.

Defined, sold, delivered and managed accounting-based solutions for small-to-midsized firms reselling accounting packages and Sun Microsystems servers.

Managed all functional areas; developed processes and procedures company-wide. Implemented business systems for managing and reporting.

Established and managed process of selling to public entity. Managed growth progression from 24 to 65 people upon sale to public entity.

Project-managed the integration across all acquired entities into corporate systems (Lawson).

Negotiated the sale of the company to Osage Systems, a public company.

Quixote Corporation ($165M revenue manufacturing holding company) Chicago, Illinois

Controller 1986 – 1991

Team member providing support to all operating divisions in all functional areas.

Responsible for consolidations of all locations under ownership.

Responsible for all SEC reporting, tax reporting, tax and financial audits, risk management, due diligence, merger and acquisition analysis, board reports, benefit programs, and support to all divisional accounting staffs.

Responsible for analyzing acquisition candidates, performing due diligence and integration activities for portfolio value enhancement.

Coordinated management teams on integration to existing division platforms.

Presented corporate policy and procedures to all levels of management of the companies owned.

Participated in Public Bond offering.

Previous

Held Senior Internal Auditor positions between 1980 and 1986 at Fansteel Corporation, a $250M revenue manufacturing holding company and Bansley and Kiener, CPA, public accounting firm.

Performed operational, financial and EDP audits.

Assisted in building an internal audit department for a division of a public company (H.K. Porter). Working with two other members, built a six-person department performing financial, operational and computer audits as an extension of Arthur Young. Division holdings included mining, precision metals, aerospace, electronic components and highway construction.

Education

Lake Forest Graduate School of Management, Schaumburg, Illinois - MBA, Marketing - 1995

Roosevelt University, Chicago, Illinois - BGS, Computer Science - 1986

Loyola University, Chicago, Illinois - BBA, Public Accounting - 1980

Personal Interests

Enjoy teaching strategic planning, execution, culture, change management and entrepreneurship to college and university level students and small business owners.

Avid reader and golfer. Enjoy travelling and learning about unfamiliar cultures.

Board member, First Step Foundation and Founder, Laurus Foundation. Both organizations are geared toward advancing the lives of people with disabilities. See www.laurusfoundation.org.

References

Available upon request

Contact this candidate