Financial Management

A DELEKE ADEGBERNO, MBA

******@*******.*** 859-***-****

VICE PRESIDENT OF FINANCE MULTI-INDUSTRY EXPERIENCE TURNAROUND EXPERT

Positioning Companies for Rapid Growth & Change Aligning Financial Strategy & Practices to Opportunity

Corporate finance leader with record of multimillion dollar impact as a driver of enterprise strategy. Introducing cost control,

growth enhancing capital investments, and clarifying/accelerating financial processes as trusted Board adviser. Leading

cross-functional coordination across hierarchy: a true catalyst for forward-looking financial vision built on objective analysis.

KEY ACCOMPLISHMENTS EXECUTIVE FINANCE SKILLS

Drove restructuring effort for $3B, global Internet business, re- Strategic Financial Leadership & Planning

engineering financial ops to support a new business model.

Financial Management & Analysis

Put leading Maryland healthcare organization on track to achieve

five-year profitability after more than a decade of losses.

Day-to-Day Accounting Operations

Introduced objective financial analysis criteria to seize emerging

Acquisitions & Transactions

opportunities and maximize corporate investments.

SUMMARY OF EXECUTIVE LEADERSHIP EXPERIENCE

Dimensions Healthcare System (DHS) 2007 to Present

A 470-bed, $400M healthcare delivery system providing services through 2,600 professionals across three hospital campuses in Maryland

CORPORATE DIRECTOR, FINANCE & STRATEGIC PLANNING (2011 – Present)

Handpicked by CEO to create and lead multiple initiatives in preparation for compliance with Affordable Healthcare Act

– a massive undertaking after a decade of depending on subsidies to show profits. Develop strategic financial programs

that ensure stability, cut waste, and reallocate funds to capital development, enhancing market differentiation. Heading

multiple, cross-functional teams, drive adoption of business case-focused model to close financial gaps four years

running on target to reach profitability by 2015.

$10M

TURNAROUND & OPERATIONAL EFFICIENCY: Developed turnaround plan to

Target

save costs and grow outpatient vists by 3% YoY. Outperformed bottom line

improvement goal by 42%: $10M achievement on $7M target in first year.

Achieved

$5M

Utilize internal and competitive analyses to align practices to market.

ORGANIZATIONAL MANAGEMENT & PROGRAM DEVELOPMENT: Saved $5M in

$0M

24 months by leading operations evaluation to trim 100 FTE overages.

Maintained effectiveness through education, productivity & organic attrition. Bottom Line Improvement to Date

TECHNOLOGY & VENDOR MANAGEMENT: Managed projected 10% cost reduction ($4M) for 2013-2014 via negotiations

with top 10 contracts. Re-engineering processes for efficient inventory management, RFP generation. Coordinating

revenue cycle installation of a $20M system-wide electronic medical record (EMR) implementation program.

BOARD LEADERSHIP: Drive enterprise strategic alignment, achieving targets in coordination with CEO and CFO by

identifying opportunities and leading communication with business heads.

Secured $24M State capital grant, preparing case and heading collaboration with all VPs to ensure accuracy.

o

Contribute to steering committees including Medical Finance Committee, Medical Executive Committee.

o

STRATEGIC JV’S: Accelerated venture with Ross University by heading business planning activities to establish a robust

family medicine program leveraging a projected 10% YoY growth in family care visits. Managed relationships with

stakeholders to demonstrate DHS’ fiscal strength, alleviating concerns. Support financial activities of UMMS alliance.

“My go-to guy for business case and high-level technical analysis” – President/CEO, Dimensions Healthcare

Adeleke A. Adegbenro P: 859-***-**** E: ******@*******.*** Page 2 of 2

CORPORATE DIRECTOR, FINANCIAL PLANNING & ANALYSIS (2007 – 2011)

Recruited to direct financial planning, analytics, and decision support. Enacted reporting and managed executive

leadership and Board relations while re-engineering financial processes. Headed cross-functional teams of up to 300

business managers and five direct reports, establishing enterprise frameworks for modeling, process automation, and

education clearing path for aggressive return to profitability. Coordinated 100% clear audits; zero cost impact.

EBIT/CASH MANAGEMENT & FINANCIAL PLANNING: Reduced annual budget planning cycle by 50% to 3 months using

sophisticated modeling and process re-engineering to enable team to focus on actionable, value-added analysis; thus

allowing the system to break free from “reactive” mindset to “proactive, forward-looking” one. “The company

brain trust.” –

o Reduced operating margins before subsidies by 3 percentage points from -8.8% to -5%.

COO, DHS

o Improved corporate treasury operations to 40+ days’ cash from an average of ~5 days’ cash.

OPERATIONAL IMPROVEMENT: Cut expenses via department-level variance analyses and coached department heads.

Improved staffing and capital planning, clarifying strategic goals by introducing objective, business case-based methods.

EXECUTIVE EDUCATION: Drove accountability by heading enterprise training programs on financial sustainability.

Built and strengthened relationships from C-level downward to foster a new culture of fiscal responsibility for DHS.

Developing Financial & Operational Strategies to Prepare Dimensions for The Affordable Care Act

Challenge: In light of reduced reimbursements and greater administrative requirements created by the Affordable Care

Act, Dimensions needed to shift to a population health-driven approach focused on global efficiency and productivity.

Reduced personnel expenses by ~$4M and brought hospital supply costs down an average of 10%.

Recouped $3M+ in awards through improvement in quality outcomes including hospital-acquired conditions

Supported roll out of new EMR system in 12 months, 40% of the average time, for 3.5% bottom line gains.

Black Entertainment Television (BET) 2007

A $600M Subsidiary of a fortune 500 company founded 1983, and being received by ~80% of U.S. households with television.

CORPORATE DIRECTOR OF FINANCIAL PLANNING & ANALYSIS

Recruited by senior executive team at parent Viacom to provide strategic guidance for financial planning. As financial

modeling Subject Matter Expert with broad mandate from Board, rolled out financial planning software and reporting

helping BET maintain financial stability and maximize investments during challenging period of 9% YoY growth.

TURNAROUND MANAGEMENT: Oversaw entire budget cycle within weeks as new hire by providing focused leadership.

TECHNOLOGY: Improved budgeting/reporting process with three-month rollout of new financial planning system.

COST CONTAINMENT: Identified $6 million savings opportunities across administrative and operational expenses.

AOL, Inc. 2004 to 2007

A leading provider of digital media content, whose online services attracted 30 million users & generated revenues of $3B+ at its peak.

SR. MGR, FINANCE (2006-2007); PRINCIPAL, FINANCE ANALYTICS (2004-2006); SR. FINANCIAL ANALYST (2004)

Promoted rapidly to finance liaison providing business development insight for partner discussions. Coordinated the

restructuring of $2B operation to facilitated new, media-focused business model. Led financial planning/analytics as architect

of financial model that helped rescue brand encumbered with “invisible” $400M contra-revenue item – cutting it to $40M.

“Best analyst I’ve ever worked with.” – Senior Director, AOL

EARLY CAREER: Senior Project Analyst, Johns Hopkins Hospital (2003) Lead Design Engineer, General Electric Co. (1998-2001)

Master of Business Administration, Thunderbird School of International Management

Bachelor of Science in Mechanical Engineering, University of Maryland

Professional Affiliation: AFP IMA NBMBAA CTC (Pending)

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