Management Information Technology

PETER T. MELLETT, MBA

**** ******** *****, ********, ** 30152 770-***-**** **********@*****.***

EXECUTIVE SUMMARY

Financial executive with increasingly responsible financial management positions including CFO, Treasurer, and AVP Financial Planning & Analysis. Successful track record with small to mid-sized companies in the retail, manufacturing, distribution and service sectors. Financial and operational accomplishments in rapid growth and distressed/turnaround situations, for both PE and individual entrepreneur companies, that include: negotiating credit lines, vendor terms, restructuring and inventory management through a team approach. Extensive experience with bank relationships, private equity, external auditors, risk management, Board of Directors and stakeholders.

GENERAL AREAS OF EXPERTISE

Financial Operations Management - short and long term business planning, budgeting & forecasting, monthly close process, year-end audits, cost control/improvement, activity based costing, new store proformas/modeling, operational analysis, internal controls and board relations.

Cash & Working Capital Management - cash flow forecasting, bank covenants, credit & collections, controlled disbursement, cash control, sales planning, inventory management, treasury / banking relationships, insurance risk management, bank and credit agreement negotiations.

Strategic Planning & Analysis - assessment of key issues and business drivers, key performance indicators, determining strategic alternatives, developing recommending and evaluating strategies, financial modeling and analysis, capital structure planning & expenditures, M&A, turnaround environment.

Computer Skills – Excel, Power Point, Word, Access, Aderant, NetSuite, Lawson, GERS, AS400 and Cognos 8.

SPECIFIC EXPERIENCE

Consultant

Warbird Consulting Partners

September 2016 to Present

Interim CFO for growing law firm with $180 million annual revenue.

Stabilize, strengthen and support finance/accounting area that lacks adequate resources to meet growth trajectory.

Implemented weekly cash flow model to project and manage 2016 attorney bonus payment.

Developed the 2017 operating budget.

Assisted in securing credit lines from 2 banks,

Working with external audit partner to address internal control issues within the firm.

Directed the cleanup of prior period balance sheet items including bank account reconciliations, fixed assets, unapplied cash and cash disbursements.

Preparing the firm to undergo 2016 balance sheet audit with new audit partner.

Developing training and related goals to produce a more efficient finance/accounting department.

Facilitated the finalizing of the NYC office lease.

Chief Financial Officer

Wedding Holdings, LLC (Multiple Business units – $45 mil. annual revenue)

January 2013 to May 2016

Responsible for multiple business units: residential roofing, car dealerships, real estate and financing.

Company’s initial CFO brought in to develop and strengthen banking and vendor relationship.

Responsible for all accounting, payroll, tax, treasury, HR and information technology.

Introduced and implemented daily cash management model, achieving an increased cash predictability to meet current and past liabilities.

Reworked risk management area of the company, achieving a $135,000 annual savings.

Conducted initial company physical inventory and fiscal audit.

Tripled the bank line within the first 60 days.

Restructured company support areas to navigate through historical revenue slowdown.

Generated additional cash flow through the sale of excess assets.

Negotiated banking facility to complete the purchase of new headquarters.

Daily contact with major vendors to ensure no disruption to supply chain during tight cash situation.

PETER T. MELLETT, MBA Page 2

3951 Tamarack Drive, Kennesaw, GA 30152 770-***-**** ********@***.***

Chief Financial Officer

Progressive Lighting, Inc. (Wholesale Distributor, Retail Operator – $50 million annual revenue)

June 2012 to January 2013

Brought into a turnaround situation as CFO to create system of internal procedures, strengthened IT resources and improved financial results to satisfy bank’s work-out plan.

Secured new $6,000,000 credit facility for company by working closely with financial advisors.

Responsible for all accounting, payroll, tax, treasury, HR and information technology.

Highly involved with inventory procurement and building operational efficiencies.

Oversaw the development of the online sales and distribution channel.

Completed a 2 year fiscal audit in a compressed time frame.

Drove a corporate downsizing that resulted in an annual savings of $600,000.

AVP Financial Planning and Analysis / Treasurer

Floor and Decor Outlets of America, Inc. (Retail flooring – $286 million annual revenue)

October 2004 to March 2012

Developed and published operational/financial reports for the company as it grew from 8 to 30 stores and revenue increased from $58 million to $286 million.

Handled all treasury and banking functions including loan draw downs and repayments, payment authorization, bank drafts, letter of credits and positive pay.

Responsible for submitting all covenant compliance calculations and certificates to company lenders.

Coordinated and finalized inventory valuation required by lenders for asset-based loan agreement.

Developed, automated and implemented 13-week cash flow model for equity owners when the Company was in a difficult cash position to emerge on growth trajectory.

Built and published daily, weekly and monthly management reporting packages for both internal and external stakeholders.

Responsible for finalizing monthly financial statements.

Helped in negotiating new bank agreement after company was non-compliant with bank covenants.

Negotiated additional asset based loans agreements that increased maximum loan amount from $8.5 million to $25 million.

Successfully completed due diligence and negotiation for $340 million acquisition.

Oversaw and developed the Company budgeting process for 30 stores, 4 port warehouses, e-commerce unit and 11 support departments.

Completed a dynamic profit and loss statement that allows the user to rank and compare store performance.

Developed a weekly profit and loss statement for each store.

Responsible for 5 year strategic plan

Reviewed new store letters of intent and leases.

Built and reported new store proforma model.

Negotiated $8 million payment plans and new payment terms with various merchandise vendors to maintain operating inventory levels.

Communicated and worked with private equity group on a daily basis.

Responsible for risk management and insurance renewals for general liability, property and workers compensation.

Director of Financial Planning and Analysis

After Hours Formalwear, Inc. (Retail rental formal wear – $220 million annual revenue)

May 2000 to October 2004

Assisted in the development of both short and long term strategic initiatives, corporate goals and 5 year forecast.

Built forecasting model to meet financial reporting requirements of credit agreement, including debt covenant measurements

Developed reporting metrics to manage and monitor the business to meet goals and initiatives, including reports to track daily sales, exchanges and other store activities.

Supervised and developed three financial analysts.

Responsible for all financial reports, including month-end financial preparation and MD&A review, to executive management, equity partners, bank syndicate and external relationships.

PETER T. MELLETT, MBA Page 3

3951 Tamarack Drive, Kennesaw, GA 30152 770-***-**** ********@***.***

Directed all aspects of raising capital raise efforts, including M&A due diligence, covenant negotiations and investor relations.

Directed financial analysis of business development with key financial metrics, including NPV, IRR and ROI for new stores and acquisitions.

Prepared, managed, consolidated and presented annual budget, for 335 stores and 8 service centers, to executive management and Board of Directors.

Negotiated $3.5 million funding for POS system equipment.

Developed and monitored capital expenditure budgets.

Plant Controller

Porex Technologies Corporation (Porous plastic manufacturer - $100 million annual revenue)

September 1998 to May 2000

Finance Director

Dittler Brothers Inc. (Commercial printer - $95 million annual revenue)

May 1995 to September 1998

Assistant Controller

Private Jet Expeditions, Inc (Charter airline - $100 million annual revenue)

August 1993 to April 1995

Budget Analyst

Atlantic Southeast Airlines, Inc. (Commercial airline - $300 million annual revenue)

April 1990 to August 1993

EDUCATION

SETON HALL UNIVERSITY, SOUTH ORANGE, NJ

B.S., Major: Finance

KENNESAW STATE UNIVERSITY, KENNESAW, GA

M.B.A., Concentration: Finance

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