Company Executive

MICHAEL K. SHELTON

**** ********** ******** ****, **********, TN 37073 615-***-****

************@*****.***

SUMMARY

Financial Executive specializing in strategic planning, process improvements, and

financial management with more than 20 years of experience. Converted intent into

action for organizations ranging from $800 Million to over $5 Billion in revenues.

Effectively deliver tools for executive management to make timely and accurate

decisions. Provide calm, organized, process driven approaches in changing

environments.

Strategic Planning Budget Oversight Multi-unit Companies

Executive Reporting Board of Director Forecasting

Support

Cash Management Process Improvement Month End Close

Hyperion Administration Variance Analysis Mentor strong teams

PROFESSIONAL EXPERIENCE

Consultant/Contract work -2013 - Current

. HeathCo-Bowling Green, KY. Through a temporary contract assignment I am

leading the development of new revenue/margin analysis, new product

models, and forecasting tools/reports at this consumer products company.

. Franchise/Business consultant. Support Individuals interested in opening

their own franchise business through affiliation with the Franchise

Brokers Association (FBA), representing over 300 various franchise

concepts.

Central Parking, Inc., Nashville, TN - One of the leading providers of

premier multi-location parking services in the US with $800M in Revenue,

14,000 employees, and over 2,000 locations.

Vice President Finance -2010 - 2013

Directed all aspects of strategic planning, internal financial reporting,

cash management, budgeting, and forecasting processes and reports. Manage

a team of 25 individuals in the FP&A (6), Treasury(18), and Hyperion

admin(1) functions. Regularly met with and supported the Executive Team.

Position was eliminated after company was acquired.

. Recruited by new CFO specifically to rebuild a quality FP&A team and re-

design the budgeting, forecasting, and reporting processes which resulted

in reducing budget time-line by 2 weeks and month-end close reporting by 3

days.

. Maintained strong revenue and EBITDA performance by executing the first

strategic plan for a new management team which identified strengths,

weaknesses and competition, and evolved into specific strategic

initiatives that became the basis for the annual budget.

. Managed $50M revolver loan to ensure compliance with debt covenants by

developing new 13 week cash flow forecast.

. Researched and reported on potential acquisitions, new clients, new

products, and company sponsored initiatives.

. Played key role in centralizing accounting/support functions resulting in

over $8 million savings to overhead.

. Led the development and support of a web-based financial dashboard and

KPI's to allow the executive team to see daily and weekly results of the

business.

Movie Gallery Inc. / Hollywood Video. Wilsonville, Oregon - Multi-division

and location movie and game rental and sales retail company with revenues

of over $2 Billion, 30,000 employees, and 4,000 locations.

Director of Finance (FP&A) 2005 - 2010

Oversaw the operating plan/budgeting process as well as the

monthly/quarterly forecast updates. Created store cash flow analysis and

capital expense processes, and partnered with real estate and members of

the executive team on store open/close decisions and potential new

buisness. Managed a team of 5-7 financial analysts and Cognos TM1 admin.

. Proactively developed a comprehensive financial monthly business review

packet and meeting that enabled company-wide business owners to present

and review their data with company executives on a consistent and timely

basis.

. Decreased annual budget timeline by 2 weeks, monthly forecasting and

month-end close by 2 days, and sped up the accuracy and response time on

ad-hoc requests by implementing Cognos TM1.

. Created, produced, and automated daily revenue reports by brand and

revenue category down to the store level.

Custom DVD Design, Gresham, Oregon - Home based video production and DVD

marketing business.

Owner (home based business) -2004 - 2005

Fred Meyer Stores (a subsidiary of Kroger), Portland OR - $5 Billion dollar

multi-location multi-department and grocery retailer with 30,000 employees.

Assistant Vice President Budgeting and Reporting (FP&A) 1999 - 2004

Coordinated all budgeting, forecasting and internal reporting processes and

reports. In additional to the financial analysts, oversaw a group of IT

Hyperion administrators in maintaining the entire Hyperion financial system

of the company. Managed a team of 8-10 financial analysts and Hyperion

admins.

. Designed and implemented an innovated financial report delivery and

budgeting tool entitled "The Financial Desktop" using Excel, web-based

tools and Hyperion Essbase. This enabled management to make faster and

more valuable cost decisions, and find potential problems earlier.

. Oversaw all operating plan and financial analysis for stores, plants, and

distribution centers.

. Improved upon daily sales reporting by developing better data flow and

communication of leading indicators into an automated daily "flash"

report.

. Led the CAPEX and new store team from a financial perspective. Created a

standard ROI analysis form for evaluating, improving, and measuring

capital projects and new locations.

Boeing (formerly McDonnell Douglas), Long Beach, CA - 50 Billion dollar

international commercial and military aerospace manufacturing company

Finance Manager, Enterprise Budgets; Sr. Financial Analyst; Financial

Analyst - 1988-1992, 1994-1999

Led the annual and multi-year planning process for the fabrication and

assembly portion of the company, as well as all intra-year

(monthly/quarterly) forecast updates. Managed a team of up to 8 analysts.

. Built an internal interactive quarterly forecasting system using access

and excel that saved many weeks of time.

. Implemented better real-time reporting of manufacturing data in standard

hours, realization factors, and labor hours enabling quicker response

times of management to be aware of potential problems.

. Trained people, created handbooks, and was a leading expert on the

internal forecasting/budgeting system. Was instrumental in minimizing the

number of days for the quarterly and annual forecasting and budgeting time

cycle.

EDUCATION

Graduated from Cal State Long Beach with a Bachelors of Science degree in

Business Administration

. Continued education through many management training and various computer

application classes.

SYSTEM COMPETENCIES

. Oversaw Hyperion Essbase and Cogos TM1 Admin functions.

. Recognized as highly proficient on developing and implementing computer

programs/systems to automate and streamline current financial reports,

systems and processes to ensure consistency and accuracy across functions

and departments.

. Have worked on numerous computer programs including Excel, Word, Power

point, SQL, Oracle, Access, Hyperion Essbase and Planning, Applied Olap

(web based financial reporting/budget system), IBM / Cognos TM1 (Business

Intelligent tool), PeopleSoft, Quickbooks, and other various Dashboard and

KPI applications.

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