RICHARD C. LACY, CPA, CMA

859-***-**** ad44r1@r.postjobfree.com Midway, KY www.linkedin.com/in/richard-lacy-a1a9478/ CHIEF FINANCIAL OFFICER

Financial Planning & Analysis Executive Leadership Team Management Operations Budgeting

A collaborative, integrity-driven, and respected executive leader, consultant, and sought-after Chief Financial Officer and Certified Public Accountant with an affinity for finance. Excels in financial planning and analysis, drives growth and innovative solutions, oversees budgeting, and avoids micromanagement but remains abreast of all that is happening. Sees finance as the first critical juncture to identify opportunities and proactively address issues. Has a natural ability to be a "fixer," make sense of chaos, and grab complex tasks and run with them. Serves as an articulate team leader and people manager, inspiring and empowering junior staff, and providing advancement opportunities. Makes data-driven decisions and pays strict attention to detail and organization. Fosters beneficial relationships, collaborates cross-functionally, and consistently delivers profitable contributions and significant corporate impact. Core Competencies

FP&A & Forecasting

Align Planning with Operations

Budgeting & Financing

Business Judgment

Business Trend Monitoring

Strategic Planning & Execution

Compliance

Financial Reporting

M&A Transactions

Treasury Operations

Strategic Planning & Execution

Risk Management

Professional Experience

2022 – Present • PRIVATE CONSULTING ROLE • Midway, KY Conducts independent contracting, assumes fractional and full-time finance roles, and provides leadership support in the finance field. Multiple Fractional Finance Roles

Skillfully adapts to roles in various financially-driven entities, including tenure with a public utility (Kentucky Electric), a small manufacturing company in Indiana, and a private equity firm (Middle Ground Capital), providing expertise in senior accounting roles, finalizing audits, and completing diverse analyses.

• Revitalized the reporting and analysis function while consulting at Middle Ground Capital, focusing on the efficiency of the reporting systems, streamlining processes, enabling quicker access to financial data, and allowing for rapid growth. 2017 – 2022 • KENTUCKY ELECTRIC COOPERATIVE • Louisville, KY Electric cooperatives providing a high level of electrical service at the lowest possible price through Kentucky's 26 consumer-owned electric cooperatives serving more than 1.8M people in 117 of Kentucky's 120 counties. The business supplies materials, coordinates impending storms, and conducts legislative affairs. Vice President, Chief Financial Officer

Accepted the Vice President role and mentored five direct reports during a period of flux and restructuring under a new CEO with the entity organized in a siloed fashion. Tasked with assisting in the dismantling of the silos, initiating a more integrated approach, and reinstating monthly departmental meetings. Managed distribution operations, legislative advocacy, sales development, safety programs, and media and communication strategies, collaborating with senior leadership and C-suite executives.

• Served as a non-authoritarian liaison between departments, assisting with forecasting, budgeting, and spearheading integrated and collaborative efforts toward organizational goals.

• Assessed $150M of inventory and devised strategies to move outdated stock, incentivizing sales personnel to sell the older product and navigating engineering challenges as older parts did not fit new and specific models.

• Focused on maintaining essential materials with no stock-outs or utility wait times by shifting the focus of the supply chain.

• Optimized customer loyalty by measuring and analyzing profitability, pricing, and margin requirements.

• Devised innovative reporting presentations, delivering clear insights to management and the board.

• Maximized gross margin by 300 basis points after effectively controlling inventory and identifying best-selling items. 2013 – 2016 • BIG ASS SOLUTIONS (DELTA T CORPORATION) • Lexington. KY An American company manufacturing large-scale fans, evaporative coolers, lighting, and controls for industrial, agricultural, commercial, and residential use. Chief Financial Officer, Director of Finance

Optimized the accounting and analytical functions, aligned diverse company departments, and revamped the accounting system. Particularly re-engineered the cost accounting framework to better assess product costs, reevaluate overhead allocations, and forge Grew $685M

Revenue to $2B

Post-Acquisition

Grew Annual

Revenue 20%

and Tripled

Share Value

After

Acquisition

Grew Revenue

56% While

Maintaining

Expense Growth

at 11%

Managed

$135+M

Business

Distribution

Assets Across

22 States

RICHARD C. LACY, CPA, CMA CONTINUED

mutual interdepartmental understanding. Supervised a 10-member direct team, 27 indirect employees, and the Ph.D. staff in Data Science.

● Delivered a 30% international growth rate, with $230M in sales over a three- year period.

● Drove the company's international expansion into Malaysia, Singapore, Australia, and Canada, overseeing the alignment of audits and operations.

● Facilitated a 30% decrease in collection times by educating the sales force on quoting and invoicing.

● Managed debt structure after communicating corporate insights and implementing models.

● Partnered with the engineering and sales teams to drive better cross- understanding of resource allocation, incremental project costs, and revenue, hiring inexperienced personnel to align training schedules with sales cycles.

● Managed product development and the approval process, focused on regulatory compliance and educating junior team members on profit margins, production costs, sales expenses, and other associated expenditures.

● Launched optimized financial reporting procedures to accomplish shared financial objectives, goals, and models to evaluate market trends, forecast profit market profitability, and find ways to improve earnings and cash flow performance. 2004 – 2013 • TEMPUR SEALY INTERNATIONAL, INC. • Lexington, KY The world's largest bedding provider developing, manufacturing, and marketing mattresses, adjustable bases, pillows, and other sleep and relaxation products. Director, Corporate Financial Planning and Analysis Joined the company in 2004 and re-engineered the FP&A area, improving analytics, forecasting, and budgeting across sales, marketing, and operations, assisted by a three- member team. Collaborated with the Director of Finance on the streamlining and analytical capabilities for the FP&A process.

• Drove growth to $2B annually (from $685M) post-Sealy acquisition by deploying detailed forecasting and budgeting, serving as a key deal team member.

• Implemented per-unit analytics and dissected cost and revenue data to analyze performance at a granular level, which involved cost increases, revenue surges, and the impact of shifts from direct-to-consumer sales to a retailed-oriented business model.

• Contributed to new product development and market segmentation analysis after implementing extensive market-based research and competitive analysis.

• Minimized annual cost increases to 5-10% annually after establishing a comprehensive cost analysis.

• Assisted CFO and Executive Staff and Investor Relations VP to provide weekly on past performance, future forecasts, and any necessary cross-departmental collaboration to ensure accurate forecasting; also provided monthly and quarterly earning statements to leadership and investor relations.

• Assumed a critical role during the $2B Sealy acquisition, providing due diligence and reviewing international complexities, tax implications, financing, and post-acquisition integration strategies.

• Engaged with various acquisition teams, including investment banks and integration teams, to successfully blend the Tempur and Sealy operations.

• During the Sealy acquisition, reviewed diverse manufacturing processes and product lines, strategizing how to merge Tempur's chemical-based production and Sealy's focus on springs and textiles to ensure a seamless transition. Earlier Career Experience as a P&L Planner & Senior Analyst at Lexmark International, Inc., as a Finance Manager with Brown- Forman Spirits, as an Operations & Control Consultant at International Paper Company, as a Forensic Accountant & Auditor at Matson Driscoll & Damico, CPAs, and as a Cost Accounting Intern at Merck Sharp & Dohme (Italia) S.p.A. Education & Additional Training

Master of Business Administration/International MBA, major in International Finance, University of South Carolina Bachelor of Science in Accounting, University of South Carolina North Carolina CPA License (25050) and Certified Management Accountant (843003) Italian Language & Cultural Training, Luigi Bocconi University Growth

Opportunity

Identification

Financial

Performance &

Metrics

Policy

Establishment

Cross-

Functional

Team

Leadership

“Richard was both an excellent boss and a

smart and capable finance team lead. I

found Richard always willing to listen,

cooperate, and work together towards a

solution. I loved that he could "walk the

walk" and really get into the numbers when

necessary but also keep the bigger picture in

mind. Richard was always kind and helpful

and always ready with a calmly delivered yet

hilarious zinger that no one sees coming. I

can highly recommend Richard for any

leadership position withing a financial or

accounting structure.”

Ryan J., Sr. Director in Data & AI,

Big Ass Solutions

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