Sr Finance and Accounting (including Tax and Treasury)

GARY V. CHOCHON

**** ******* ****** *** ****, CA 95129 Mobile:408-***-**** E-mail: *********@***.***

Chief Financial Officer Corporate Consultant

PROFESSIONAL PROFILE:

Dedicated CFO and management consultant highly regarded by clients, business partners and senior executives as a key advisor, creative problem solver, and results-driven financial professional. Demonstrated success in turnaround, crisis, and global management, with proven ability to “right-size” operations, create a winning M&A deal with key hooks to deliverables, improve P&L scenario, and implement crucial change initiatives while simultaneously winning employee and creditor loyalty and trust. Skilled negotiator and relationship builder, able to secure favorable terms, and guide teams through complex dealings. Backed by solid credentials - BS in Finance (Cum Laude), graduate General Electric Corporation’s (GE) Financial Management Program, MBA in International Management (Magna Cum Laude), passed all requirements for the CA CPA license.

Professional skills include:

Audit preparation and issue resolution Merger & Acquisition (successful integrations, 24+)

ABC Costing, Analysis and Management Operations

Analysis Personnel; Hiring and Development

Balance Sheet Management Planning

Bank Relationships and Cash Flow Management Professional Services support

Budgeting Proficiency (Advanced) in Excel and PowerPoint

Business Strategy Purchase Negotiations and Strategies

Computer modeling Revenue Recognition issues; SOP 97-2

Cost accounting Sales Operations

Capital Purchases and Contract Negotiations SEC reporting & SOX compliance

ERP implementation and optimization Start-up operations

Financial Projections and Forecast Justification Supply Chain Negotiations

Global Management System implementation (SAP and Oracle)

International Finance/ Cost (incl. tax and treasury) TCO

Managerial accounting VSOE

PROFESSIONAL EXPERIENCE:

Wave 2 Wave Solutions VP Finance and Accounting Data Center & Professional Services Milpitas, CA Current

Implement Global tax structure saving $800K+ in the first year

Hire and train global team,

Drive benefits and freight savings,

Restructure and renew bank line,

Bring up new accounting firms on a global basis,

Shorten annual audit by 5 months while rolling out a global audit for the first time.

F and B Consulting Finance and Business Consulting San Jose, CA 2001–present

Principal

GigaNetworks, CFO and Sales Operations

Complete Finance and Accounting along with Sales Operations (quotes, billings and receivables).

Advise C level team on M&A activities.

Becton Dickenson and Company (BDX) WW Operations Controller (Consultant)

Lead team of 6 Cost accountants and 4 Controllers to support a $1B division.

Partner with OPS and Service senior management to create new organizations which are more effective and efficient by 25 to 50% within 1 to 5 years.

Identified and began implementation of $90M in tax savings due to manufacturing and distribution improvements.

Supported SAP 6.0 implementation.

Adaptec, Inc. Ensured all financials were timely, accurate, informative & in accordance with US GAAP. Supported India Engineering expansion (relocation, leasing, hiring of GM vs. out sourcing).

Adaptec, Inc. Led company through Revenue Recognition issues (SOP 97-2) and set policy for transition. Averted a 5 year restatement.

Aero Union Corp, CFO Created short and long term operating plans; financial statements and loan structures (restructured debt outstanding), to allow company to grow while optimizing ROI.

M&A; developed separate analysis for sale of the business which increased final sales price by 88%.

HydraWeb Technologies, Inc., CFO Led process to raise Series B financing; increased initial target from $40M valuation to $68M thru separate valuation analysis (70% Premium).

Extensive start-up experience with different management teams.

CDNetworks Inc. $100M Korean Software Company San Jose, CA 2010

VP Finance and Operations

Head up Finance/Accounting, HR, IT, Facilities and Process Improvements (including SAP implementation)

Develop Commission plans for Domestic and International teams.

Review major Sales contracts.

Negotiate significant vendor contracts.

Prepare company for going public on NASDAQ.

Silicon Graphics Int’l Inc. $400M Computer Hardware Fremont, CA 2007 - 2009

Sr. Controller; Operations and Service

Partnered with CEO, CFO and Sr. VP Ops & Services to lead team through a turnaround.

40% reduction in Contract Manufacturing Costs

Disposition of $20M of Excess and Obsolete inventories (including recovery of $6M in Tax); set up reverse supply chain where vendors held key components.

Ensure proper revenue recognition for the service business (VSOE).

Responsible for Costing/Pricing of products using multiple cost files on Oracle.

Work with external auditors for quarter end and to ensure SOX compliance.

Conversion from Navision to Oracle 11i & supporting a new CRM system.

Exodus Communications Inc. (EXDS) $1.2 Billion - Data Centers & Professional Services Assistant Controller/ Sr. Director International Finance and Accounting 1999 - 2001

Complete Finance, Accounting, Purchasing and Systems for International Operations of a $1 Billion company (Oracle implementation).

Grew group from scratch to $220M run rate within 18 months.

Business Analysis and Planning for new Regions, countries and markets, including negotiations with development and tax authorities, M&A, landlord negotiations (synthetic leases, land and building purchases), price setting (customers and intra-company), vendor and reseller negotiations.

Partnered with the Professional Services team of 350 members.

Negotiated Pioneer (preferred tax) status in Singapore (savings est. at $100M).

Established Fire Wall monthly leasing programs, revenues incr. 100% in first year.

Rocketed equipment revenues $10M to $250M thru lease and price negotiations (kept $30M liability off books).

Teamed with Tax partner at PWC to establish International List Prices, Transfer Prices, Centralized Fees as well as entity structures.

Partnered with local managements to establish Country Specific Comp/Benefits/Commission packages.

Drove a 40% reduction in Cost of Revenue Space (w/ economic development boards).

Hired, developed and led team of 65 finance, accounting, systems & purchasing professionals.

Asst. Controller; responsible for SEC reporting.

Adaptec Inc. (ADPT) $1 Billion -Software firm, I/O devices

Director of Finance & Group Controller

Business Partner for 6 Divisions; staff included 2 controllers and 3 analysts.

Led company through ’95 wafer crisis;

oImpacted revenues over $750 Million

oMarket Cap by $4 Billion (doubled in 6 months)

M&A; worked with legal to drive enforceable key deliverables on acquisitions or significant reductions/ refunds of purchase price. Brought key management into the M&A process to increase success rate long-term.

Advanced Micro Devices (AMD) $1.6 Billion -Semiconductors

Controller, International Operations

Drove Material Purchase Savings of $13M thru Lowest Cost Qualified Supplier Program.

Restructured Capital Purchasing program to ensure latest Engineering plans were up to date and driving Capital purchases. Led to a savings of $100M (including closing and selling a building in Penang).

Implemented Activity Based Costing and began Activity Based Management.

Implemented SAP (1st semi-conductor company); drove the inclusion of yield percentage fields.

Developed and gained approval from Outside Auditors for global transfer pricing.

7 direct employees, 130 indirect employees globally.

General Electric Co. $40 Billion Conglomerate, Accounting Supervisor

Converted Cost Accounting from Project to Standard Cost (using mini-BOMs).

Education / Credentials:

Master of Business Administration, Magna Cum Laude, International Management; Golden Gate University 4.0 of 4.0

Bachelor of Science in Finance, Cum Laude; Univ. of Nebraska – Lincoln (Dean’s List)

Financial Management Program, General Electric Company (GE)

CPA exam passed along with all requirements

Systems:

SAP 6.0 Sun (Europe) Excel Microsoft Office

Hyperion Oracle 11i ESSbase QuickBooks

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