Officer Real Estate
Resume:
G. Jack Desatnick
Chillicothe, Illinois 61523
******@*****.***
Professional Experience
Hospitality Industry – 18 years of experience
Jumer Hotels and Casinos, Peoria, Illinois
Chief Financial Officer of a $54 million company with 1400 employees. Jumer’s owned 5 full service hotels, 1 riverboat casino, 1 service station, and various real estate holdings
Azar’s Inc., Fort Wayne, Indiana
Corporate Controller of a $45 million company with 2220 employees. Azar’s owned 40 dinner houses, Big Boy Restaurants, Charky Diners, 3 Marriott full service hotels, and various real estate holdings.
Healthcare Industry – 5 years of experience
Midwest Kidney Centers, East Peoria, Illinois
Chief Financial Officer for 5 years and promotion to Chief Executive Officer for 2 years. Midwest Kidney Centers was the tenth largest dialysis company in the country before it was sold in 2004. It was a $75 million company with 350 employees, 12 free standing dialysis centers, and 8 acute dialysis centers.
Manufacturing Industry – 5 years of experience
Enercon Engineering, East Peoria, Illinois
Chief Financial Officer for 5 years and promotion to Chief Operating Officer for 3 years. Enercon was a $70 million company dealing in switchgear and enclosures. It had 300 employees and 4 manufacturing plants.
Summary of Qualifications
Initiated and administered an extensive corporate wide budgeting process in three corporations.
Filed S-1 with Security and Exchange Commission for Initial Public Offering. Also included was the Red Herring.
Experienced in cost cutting and internal auditing to increase bottom line profitability
Negotiated the purchase of profitable properties. Also negotiated the sale of profit draining properties.
Refinanced debt to take advantage of lower interest rates.
Supervision of over 350 employees as Chief Executive Officer and as many as 1400 as Chief Financial Officer.
Placement of all forms of insurance, fully funded to self insurance. Bid out all insurance to ensure best possible rates.
Created and administered incentive programs that increased productivity and increased profitability.
Negotiated agreements with city, state, and county governments for tax abatements, land purchases, and incentives.
Wide range of banking relationships. Placed over $22 million of debt, which included permanent, line of credit, bridge loans, and bond placement.
Established Safety Programs and Committees in three corporations to combat rising insurance costs. Lowered Workers Compensation modification number in all corporations.
Completed the due diligence for the sale of two corporations. Sold both companies over the industry average of multiple to EBITDA.
Formed and administered 401(K) benefit programs.
Responsible for the year end audit of certified public accountant firms of four corporations. Responsible for workpapers, footnotes, and formulation of statements.
Invested cash for the best possible returns.
Education
University of Saint Francis Fort Wayne, Indiana
B. A. Degree in Business Administration and Accounting
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