Financial Management

THOMAS W. VERRETTE

COO/CFO and Corporate Change Agent

Telephone: 954-***-**** Email: ************@*****.***

EXECUTIVE SYNOPSIS

Senior Finance and Operations Executive with an extraordinary record of

transforming underperforming areas. Proven success with implementing

effective, profit-driven strategies, tactical initiatives, and strong

financial/operational controls.

EXECUTIVE CREDENTIALS

Strategic Unique ability to integrate metric-driven benchmarks that generate solid

Planning financial performance.

Experienced corporate strategist with superior ability to clearly define

and communicate financial objectives to shareholders, board of

directors, senior management, and customers.

Solid experience with risk analysis, due diligence, GAAP, SOX, and all

regulatory compliance.

Tactical Extensive experience negotiating and closing complex domestic and

Management international contracts.

Astute financial management skills, generating maximum return on

corporate investment.

Outstanding ability to negotiate barriers and overcome obstacles; able

to analyze processes and procedures to ensure that new programs and

projects are clearly defined and achievable.

Superior reengineering skills, with extraordinary ability to find

solutions leading to greater operational efficiencies and increased cash

flow.

Leadership Extraordinary ability to lead high-profile, time-sensitive projects,

Profile coupled with professional financial management; experienced in

administration of multi-million dollar budgets.

Proven expertise in transforming underperforming areas with new ideas

and achievable plans.

Results-driven, analytical, and decisive thinker with superior ability

to resolve problems.

Experience with organizational change and transitioning through mergers

and acquisitions.

EXPERIENCE CARICO INTERNATIONAL - Fort Lauderdale, FL (2007-Present)

CHIEF FINANCIAL AND OPERATION OFFICER

Responsible for all financial and operational results for $40M direct

seller of health and wellness products. Re-engineered the financial and

operational process by conducting process flow analysis, establishing

new controls and expanding/improving the accuracy and timeliness of

reporting

Strategic Establishment of collaborative partnerships with internal and external

Leadership customers.

Developed cross functional teams to ensure consistency of corporate

direction.

Created budgetary process and key performance indicators for strategic

planning.

Assessment of barriers to entry, political and economic risk for new

markets.

Financial Optimized just-in-time inventory, which increased cash flow by 25%

Metrics Created cost saving initiatives and targets to return $1 million to the

bottom line by renegotiating existing contracts and elimination of non

value added processes.

Reduced account receivable delinquencies by 20% by developing tighter

financial controls and criteria, credit controls and accountability for

the company's financing division.

Development of financial framework by analyzing operational

requirements, developing control structures and systems, creation of

business unit reporting and creating profitability models

OKUMA CORPORATION - Charlotte, NC (2003-2007)

VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Overall responsibilities for financial health of a $330M wholly owned

subsidiary of a $1.6B Japanese machine manufacturer. In charge of

managing key performance indicators and all financial aspects of the

operation. Prepare and deliver accurate quarterly, semi, and annual

shareholder reports. In charge of financial systems, controls, and

reporting tools. Provide executive oversight for company's Human

Resources function. Ensure business processes meet all regulatory

requirements.

Strategic Key member of senior executive team charged with creating/executing

Leadership strategic turnaround plan.

Contributed to the development of profitable corporate internet and

e-commerce strategies.

Assure financial integrity of company in compliance with all local,

state, and federal regulations.

Transformation Significantly improved controls and implemented efficient cost

Management containment initiatives.

Created over $2M in annual savings by selling three dormant

manufacturing facilities.

Renegotiated vendor contracts, creating favorable distributor agreements

that saved over $1.5M.

Championed the development of an Inventory Control Team that reduced

stock levels by 30%.

Business Developed due diligence program to support proposed merger and

Development acquisition activities.

Serve as primary liaison and financial representative to parent company

officials in Japan.

Build ongoing positive relationships with vendors, distributors,

creditors and financial institutions.

Human Transformed working environment to improve employee morale and reduce

Resources turnover.

Established performance benchmarks; created and implemented competitive

compensation plan tied to company performance.

Spearheaded community service initiatives and partnerships with

charitable organizations.

SNAPPER, INC. - McDonough, GA (1998-2003)

VICE PRESIDENT CHIEF FINANCIAL OFFICER AND TREASURER

Held comprehensive financial management responsibilities for a $220M

wholly owned subsidiary of a publicly traded company which manufactures

lawn and garden equipment. Integral member of strategy-setting executive

committee. Expertly directed all accounting, financial reporting,

forecasting, and budgeting activities. Handled bank relations,

treasury, and cash management. In charge of preparing and releasing

quarterly and annual earnings reports. Co-chaired IT-steering committee.

Financial Spearheaded a $32M financial turnaround by implementing effective cost

Turnaround reduction programs.

Delivered a $15M cash flow turnaround by establishing new credit

policies and procedures.

Successfully authored debt reduction plan; paid off $10M in debt while

strengthening cash flow.

Established formal interest expense reduction plan that generated $3M in

savings annually.

Successfully renegotiated new bank line of credit; implemented

aggressive collection policies.

Transformed underperforming areas by redirecting corporate priorities

and eliminating costs.

Acquisitions Led due-diligence activities prior to the acquisition of Snapper by

Simplicity Manufacturing, Inc.

ENGLISH CHINA CLAYS, INC. - Atlanta, GA (1996-1998)

CORPORATE CONTROLLER

Directed a 35-member financial team for a $1.5B global process

manufacturer, with full financial accountability for controlling a $600M

operating budget and planning for 4 manufacturing facilities.

SANDS & COMPANY - Atlanta, GA (1995-1996)

VICE PRESIDENT OF FINANCE & ADMINISTRATION

Simultaneously directed and coordinated all financial, accounting, IS,

and human resource functions for a highly diverse 500-member work force

employed by a $50M processing/vending company.

THE REGINA CORPORATION - Rahway, NJ and Atlanta, GA (1986-1995)

TREASURER/DIRECTOR OF FINANCE

Maintained full accountability for all financial, strategic planning,

forecasting, price analysis, cost/plant accounting, cash/credit

management, and tax functions for a $200M vacuum manufacturer.

Accounting Held Managerial and Senior Staff Accountant positions in New York with

Amstar Corporation, Colgate Palmolive Company, Allied Maintenance

Corporation and Pirelli Tire Corporation prior to

EDUCATION FAIRLEIGH DICKINSON UNIVERSITY - Teaneck, NJ

M.B.A. IN ACCOUNTING & FINANCE, 1982

BRYANT COLLEGE - Smithfield, RI

B.S. IN BUSINESS ADMINISTRATION & ACCOUNTING, 1978

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