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STEWART D. T. TOWNSON

***** *. ********** *****, **** Dulce, CA ● ad0qn4@r.postjobfree.com ● 661-***-**** Finance & Operations Professional

PROFESSIONAL SUMMARY

I am seeking a Financial or Management leadership role or an opportunity where I can use my talents of empowering effective teams to explore major opportunities to improve performance and to save costs and my experience in conducting in depth investigations will improve profitability. Qualifications

Team Motivator and Developer Installation & Improved Computer Systems

Budgeting & Forecasting Financial Modeling and Costing

Financial Analysis Project plans and Reporting

Cash Management Leadership & People Skills

Inventory Management Financial Statements/Consolidations

Costing and customer profitability Audit and Internal Controls

MS Office, Excel, Power Point, Word Pricing

Epicor; Avante, Dynamics Microsoft and Warehouse management systems

Accomplishments:

• Integrated two accounting teams in different states into one location

• Integrated accounting systems and processes for a single annual audit

• Team leadership improved AR collections, reporting and prepared Board presentations

• Introduced product costing systems and customer profitability

• Completed budgeting and rolling 12 month forecast model.

• Eliminated waste and redesigned process, saving over $1million a year over 3years

• Project Leader in exploration of new raw material supplies, saving over $300k in costs

• Implementing new packaging equipment for Rico reed products, improving profits by $1M a year

• Completed project that relocated processes, saving costs over $500k per year

• Managed transfer of labor intensive manufacturing processes, from USA and France to Argentina, resulting in lower labor costs $500k, reduced warehouse rental $330k, & 30% reduced inventory

• Project Leader for IRS audit management, saving millions in taxes penalties and interest

• Produced plans that and reduced accidents and WCI costs, by 23%

• Successfully executed 3-year strategic plan for new products and automation at D’Addario

• Integrated foreign reporting requirements and consolidated multiple businesses into US Page 2 of 3

STEWART D. T. TOWNSON

PROFESSIONAL EXPERIENCE

Golden Queen Mining Mojave, CA

Financial Controller March 2017 to July 2022

Responsible for accounting, purchasing and IT and reporting Source Logistics LLC. Montebello, CA

Logistics and fulfillment distribution, warehousing and E commerce. CFO Nov 2013 to 2017

Financial Reporting, budgeting, forecasting and cash management. Responsible for all Operations monthly reporting and KPIs to management Integrated two accounting departments and systems into one Introduced Customer Profitability

Reported Financials for 9 separate legal entities completing Audits. Completed due diligence with Venture Capital companies and audits by various banks. Improved AR Dso’s and working capital as well as cash management Realized savings in WCI and medical benefit premiums and insurances over $500k per year Managed all Corporate administration for 7 legal entities with consolidations and reporting Introduced a new automated Purchase system to improve productivity, visibility and control of inventory Classic Cosmetics., Chatsworth, CA

Private Label Cosmetics manufacturer

Financial Controller May 2010 to 2013

Improved Costing systems and management information Reduced WCI and Medical benefit premiums

Improved AR collections and cash management transferring to new Bank Nominated CFO of the year two years in a row

Levlad Inc., Chatsworth, CA

International Cosmetics Manufacture owned by Arbonne Financial Planning and Analysis Manager June 2008 to 2010 Managed a team of three completing annual budgets, pricing quotes, and monthly financial forecasts Completed monthly reports, balance sheet reconciliation and analysis Presented financial reports via power point directly to the Board of Directors Maintained excellent relationships with our banking partners

• Completed cost and price quotes in 5 days

• Accomplished GL close in 5 days (for a yearly sales volume of over $90 million Consulting Assignments as Financial Controller May 2007 to May 2008 Wet Enterprises, Burbank, CA

Completed fiscal year-end accounting reports, audit and special projects. Nov. 2007 - Mar. 2008 Technicolor, Burbank, CA Assignment

Completed Sox Audit Sept. - Nov. 2007

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D’ADDARIO & COMPANY, INC., SUN VALLEY, CA

Rico International, the world’s largest clarinet and saxophone reed manufacturer Finance/Operations Director Dec. 1999 – Feb. 2007

Directed plan for lower cost sources of raw materials resulting sustainable financial gains. Managed projects that improved profit margins by redesigning the process resulting in lower inventory. Improved productivity by facilitating better relationships with manufacturing operations. Oversaw Finance, Manufacturing, Human Resources, I.T., French and Argentine subsidiaries reporting and Foreign Exchange Management.

• Project leader who reduced waste by 67% thereby saving $3 million over 3 years.

• Reduced manufacturing costs by $500K annually

• Automated packaging costs saving $600K annually

• Reduced Inventory levels by 30% over 3 years

• Implemented new ERP system saving $100K annually KEVEX (FORMERLY FISONS INSTRUMENTS), VALENCIA, CA

Vice President of Finance Jan. 1994 - June 1999

Responsible for the planning, analysis, forecasting, budgeting and operational performance of the corporation’s financial, operations, and monthly GL accounting, reporting and audits. Managed and directed staff, wrote company policies, controls, procedures, and established baseline data for improved key performance indicators to better monitor and manage the business. Completed all financial reporting internal and external. OTHER PROFESSIONAL EXPERIENCE

Fisons Instruments, UK Manufacturer of Laboratory equipment /Pharmaceuticals Financial Controller (Annual Sales $450 M) Consolidated results for Fisons a fortune 200 company Fisons Distribution, Australia - Import from 40 companies and 19 countries Finance Director ($40m Sales annually)

EDUCATION

Bachelor of Business Studies

Four-year College Commerce Accounting Certificate

Duke University, Fuqua School of Business

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