LEO A. CHARBONNEAU

Uxbridge, MA ***** 508-***-**** (cell)

ad0pey@r.postjobfree.com

CONTROLLER • CORPORATE/PLANT/DIVISION EXPERIENCE

Industrial Manufacturing • High Technology/Biotechnology • Manufacturing & Development

Private Equity Backed Growth Stage, Middle Market & Fortune 500 Company Experience

A hands-on senior finance manager well practiced in managerial and manufacturing operations finance in fast-growth manufacturing and services companies Industry sector experience includes industrial manufacturing, software/hardware/services technology and biotechnology bioprocessing companies ranging in size from venture-backed growth stage to middle market and Fortune 500 companies Industry.

COMPETENCIES

* Division/Plant/Corporate Controller, Manager Cost Accounting

* Established/Implemented Policies, Procedures and Controls

* Extensive Mfg. Operations Cost Accounting/Finance Mgt. Experience

* Business Development/Revenue Strategies

* Budgeting/Planning/Forecasting/Modeling/Reporting & Analysis

* Lean Business Practices/Continuous Improvements/Simplification

* All Facets of Monthly Close – General & Cost Accounting

* Company Scaling/Rightsizing/Cost Control

* ERP/Standard Cost Accounting System Design/Implementation

* Technical Accountant/Extensive GAAP/IFRS Knowledge/Experience

* Timely, Accurate Operations Reporting & Variance Analysis

* GAAP/Revenue Recognition; SOP 98-9, 97-2, ASC 985, SaaS 2009-13

* Business Partner, Mentor & Consultant to all Levels of Mgt.

* Tax/Regulatory Compliance

* Inventory Valuation, Mfg. Performance Analysis

PROFESSIONAL EXPERIENCE

CONTRACT SERVICES (Dec 2022 – current)

Robert Half

Controller Services

Responsible for all facets of the financial functions for this services company

Assisted in sale and purchase of assets for energy services company

Year and month end close

Assist in financial and SOX audit

Set up new banks accounts, customer and vendor cutover

Managed staff of 2

Assist in HR function

Process month end entries, bank and account reconciliations

LEWA-Nikkiso America Inc, Holliston, Massachusetts (2016 – Oct 2022)

Corporate Controller - Americas (Business acquired in 2022)

Hands-on, collaborative financial controller responsible for the accounting/costing of 3 business sites

Completed merger of new business unit in 2017

Lead the migration of new business unit onto SAP platform

Cash flow/working capital management/strategy for this highly leveraged business

Work with staff in identifying opportunities for improved efficiencies, process improvements, pricing strategies, cost control initiatives and quality improvement reviews.

Simplification; redesign financial/business processes eliminating redundancies and enhanced office productivity

Project costing for large scale biopharma systems

IINTERSTATE CONTAINER CORPORATION, Lowell, Massachusetts Apr 2015- 2016)

Division Controller

Hands-on, collaborative plant controller responsible for the financial management of two manufacturing divisions

Co-lead the implementation of new financial and ERP software systems for both manufacturing divisions

Work with staff in driving profitability for each business; review opportunities for improved efficiencies, process improvements, pricing strategies, cost control initiatives and quality improvement reviews.

Implemented weekly updates with company’s managers to review performance progress to plan and, to identify solutions/enhancements needed to maximize financial performance

BOSTON SCIENTIFIC CORPORATION, Marlborough, Massachusetts (2011-2015)

A global medical technology leader and innovative medical device and solutions company.

Senior Finance Manager/Operations Finance (global project completed)

High visibility Finance Lead for Global Business Transformation initiative

Drove $300M in financial improvements in first 4 years of this 6-year initiative

Created, standardized and instituted new financial tools, models and best practices for global teams

Initiated key metrics and enterprise reporting package for executives and senior management

PACTOLUS COMMUNICATIONS SOFTWARE CORP, Marlborough, Massachusetts (2002-2010)

(ACQUIRED IN 2010)

A technology company that developed and licensed SIP based service applications, integrated custom systems and professional services to NexGen telecommunication providers.

Senior Corporate Controller/Officer (Company Acquired)

A hands-on senior finance officer and controller since company’s inception; created and managed the operational, financial, business functions and activities of this private equity-backed company from start-up, to commercialization, scale up through acquisition.

As the initial finance employee; established/managed the business, financial and accounting systems, processes and controls

Directly led and managed this start-up through company acquisition by Radisys Corporation.

Drove the business planning, annual budget and interim forecasts and reviews with all levels of management.

Performed timely monthly close and performance reporting including project/cost/general accounting, Project WIP valuation.

Optimized revenue and working capital through just in time inventory through prospects pipeline/order backlog review.

Grew professional service revenues to >35% of revenue by creation of new service programs with support director.

Maximized revenue and working capital through streamlined sales process; standardized commercial agreements to comply with GAAP / Revenue Recognition criteria; established VSOE on all services.

Achieved substantial cost reductions and increased GPM through third-party supplier negotiations; Oracle, Sun and IBM.

Negotiated Master Software Sublicense and Distribution Agreement with Oracle Software securing an 80% discount on Oracle Software used in connection with Pactolus licensed solutions.

Spearheaded supplier and customer negotiations including master purchase and license agreements with large telephony customers, resellers and distributors; Verizon, Webex/Cisco, Sonus Networks, Global Crossing, Cablevision, Radisys, Alestra, Telecom New Zealand and XO Communications securing over $50M in revenue.

Grew and mentored finance and administrative staff during period of growth.

IPHIGHWAY LTD, Framingham, Massachusetts - Jerusalem, Israel (1999-2002) (RE-START/Winddown)

A venture capital technology and professional services company serving the IP performance provisioning market.

Corporate Controller/Senior Financial Officer (Re-start)

Negotiated reduction in financial obligations with creditors and workouts with secured lenders for this technology re-start.

Established the finance, accounting, administrative, product and services distribution functions for U.S. parent.

Re-engineered the financial close process achieving a two day financial close with internal reports published day three.

Drove business process improvements achieving a 35% reduction in staff coupled a 40% reduction in professional fees.

Negotiated and managed inventory supply chain agreements resulting in improvements in the company’s cash burn.

Established/implemented project cost accounting system and practices for customized products and services.

NETECT LTD, Framingham, Massachusetts – Tel Aviv, Israel (1997-1999) COMPANY ACQUIRED

An Israeli based network security software development and license company.

Corporate Controller/Senior Financial Officer (Company Acquired)

Responsible for all financial, business and administrative functions of this turn-around technology company.

Drove the close of the acquisition by Bindview Development Corporation in March 1999.

Lean business practices. Established the finance, administrative and distribution functions/systems for the U.S. operations; centralized administrative functions and streamlined business processes leaning out administrative staff by 30%.

Significant reduction in cash burn through change in HR programs and benefits.

Re-drafted commercial agreements to improve working capital and mitigate potential financial exposure.

Instituted transfer pricing and intercompany policies and agreements to comply with tax codes.

LIQUID METRONICS INCORPORATED, (Division of Sundstrand Aerospace) Acton, Massachusetts (1995-1997)

Manufacturer of state-of-the-art industrial electronic pumps with manufacturing operations in India, Singapore, France and U.S.

Plant/Division Controller (Left for Corp Controller role – Tech Start up))

Responsible for the consolidated financial performance of this $150M industrial manufacturing business unit.

Drove annual revenue growth to >160% through strategic restructure of the global sales and distribution channels.

Accomplished a 175% improvement in net operating profits inside 24 months through improved efficiencies, process improvements, pricing strategies and cost control initiatives.

Significant improvement in working capital (200%) inside 18 months through aggressive trade receivables and inventory management practices; improved inventory turns by 300% requiring lower inventory investment and reduced cash burn.

Simplified the financial and business processes leaning out support staff by 20%.

Achieved recognition for outstanding financial performance in 1996.

REPLIGEN CORPORATION, Cambridge, Massachusetts (1992-1995)

Manufacturer of biopharmaceutical recombinant proteins for human health care.

Manager Cost Accounting

Designed and implemented the company’s first cell culture manufacturing standard cost accounting system.

CAMBRIDGE BIOTECH CORPORATION, Worcester, Massachusetts (1989-1992)

Controller, Manager Cost Accounting

Designed, implemented and managed the initial cost accounting system for this biotechnology bioprocessing company.

TECHNICAL PROFICENCIES

SAPB1, XERO, Hyperion, JD Edwards, ASKMANMAN, MFG Pro, MPAICS, Solomon, QuickBooks, Peachtree, Intacct, PPMS, SAP, Excel Power User, Sage

EDUCATION

B.S.B.A. Accountancy, CUM LAUDE - Northeastern University - Boston, MA

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