Michael Mazgaloff

**** ********** *****, ****** ******, CA 94552 phone: 415-***-**** email: adn0ha@r.postjobfree.com

Over 15 years of experience in senior management positions in Corporate Finance and FP&A gained in roles of increasing responsibility across global Fortune 500, privately held, and startup enterprises. Robust financial modeling, M&A and due diligence skills acquired in subscription business model environments and applied in three company acquisitions, two divestitures, multiple joint venture deals, equity transactions, capital raising, and debt refinancing support.

MBA in Finance with Financial Modeling & Valuation Analysis (FMVA) Certification, and BS in Engineering.

Financial Planning & Analysis

Financial Modeling & Valuations

P&L Responsibility

Business Partnering

Pricing/Product Margin Analysis

Budgeting and Forecasting

Long Range Planning

Scenario & Sensitivity Analysis

Mergers/Acquisitions/Divestitures

Due Diligence

BoD and Investor Support

Systems Implementation

Subscription Finance

Team Building & Leadership

Performance Management

Professional Experience

24 Hour Fitness Inc, San Ramon, CA 09/2008 – 03/2021

Accomplishments:

● Divestiture of California Fitness in 2013 ● Acquisition of 24 Hour Fitness by AEA Investors & OTPF in 2014 (with $500M initial bond offering and debt refinancing) ● Acquisition of Bally’s Fitness (Eastern US operations) in 2015 ● Divestiture of 24HF Mid-West operations in 2016 ● Launch of the BFit subsidiary in 2016 ● $1.2B debt refinancing in 2018 ● Implementation of new ERP (Longview) in 2017, POS/transaction processing & billing system SaaS (Zuora), and BI SaaS (Snowflake) in 2019 ● Key finance partner in the major restructuring effort of fitness center operations resulting in 12% annual labor cost savings ● Designed the Rolling Financial Forecast and Long-Range Plan (LRP) models used for strategic planning, scenario modeling, company valuation, and due diligence ● Supported Chapter-11 restructuring (COVID19) in 2020, change in ownership, and re-emergence in 2021

Senior Director Corporate Finance 01/2012 – 03/2021

Key contributor to the Corporate Business Strategy and leader of Corporate FP&A, Business Unit Finance, and Financial Information Systems functions, supporting 3 multi-unit business entities with full consolidated P&L ownership: 24HF U.S., California Fitness (Asia – divested), and BFit subsidiary, with ~ $1.5B in annual sales.

Ownership of internal & external corporate finance deliverables to the Executive Leadership Team (ELT), Sr. Operational Management, Board of Directors (BoD), Investors and Debt Holders (10-K/Q), and Audit & Valuation partners. Preparation of monthly, quarterly, and annual financial and management reporting, variance analysis, and executive and operational leadership presentations, improving upper-level decision making and risk/opportunity evaluation.

Design and processing of updates to the enterprise 5-Yr LRP and the company external valuation models.

Enhancements to financial systems, BI applications, and financial models and reports in support of company objectives, accounting for evolving organizational structure and changes to business operations.

Development and reporting on key business performance indicators (KPI), including subscription membership/revenue statistics, unit economics, LTV, CAC, and cohort retention/churn.

Predictive modeling of business drivers and KPIs based on current and historical trends, accounting for impact of ongoing and planned business initiatives. Cash to GAAP translation of modeled results in company financials (pro forma Income Statement/P&L, Cash Flow, and Balance Sheet) utilizing scenario & sensitivity analysis.

Creation of department-level and consolidated annual operating plans (AOP) and periodic financial forecasts. Partner with business segment leaders and ELT in the composition of comprehensive plans incorporating cross-functional input, resulting in AOP and forecasts in-line with executive expectations and evolving business strategy. Management of budget/reforecast submission, version control, review, approval, and presentation processes.

Delivery of weekly financial forecast updates to ELT, identifying performance improvement opportunities, and developing action plans to drive results in cooperation with Operations, Pricing & Products, and Marketing teams.

Partner with Accounting, Tax, Risk Management, Internal Audit, HR, and IT organizations in support of the monthly close process, annual audit, SOX compliance projects, and compensation and audit committee updates.

Monitoring and reporting on the progress of strategic business initiatives and their impact on financial performance.

Proactively leading and coaching front-line business leaders seeking financial expertise and guidance from the FP&A team.

Research and resolution to financial issues affecting business unit performance and team member compensation.

Respond to Investment and Debt/Equity financing related due diligence requests.

Valuation support to company M&A / Divestiture activities; Joint Venture / Royalty engagements financial management.

Creation of operational and financial pro forma models for all new business locations, relocations and/or closures and benchmarking projections against established ROI/IRR targets for BoD review and approval.

Integration of financial and statistical data in the company ERP system ensuring (in partnership with IT, Business Analytics, and Accounting organizations) that data integrity and continuation is maintained at all times. Leading ERP sourcing, selection, contract negotiation, and implementation/upgrade projects.

Michael Mazgaloff (continued) phone: 415-***-**** email: adn0ha@r.postjobfree.com

Director Corporate Finance 09/2008 – 12/2011

Management rotations overseeing Revenue, Operating Expenses, and Capital FP&A teams. Finance partner to BU Operations Shared Services, and G&A organizations with P&L controllership.

Nielsen Mobile (formerly Telephia Inc), San Francisco, CA 07/2004 – 05/2008

Accomplishments:

● A key player in the change management team charged with restructuring of the startup company and leading to a successful acquisition by Nielsen Co. in 2008 ● Participated in Series C-D funding (Megunticook/Alta/Centennial/Cedar Grove/AEA/Oak Hill/Prime New Ventures) ● Developed the company financial model for annual budgeting and short/long term forecasting utilized in the acquisition of Telephia by Nielsen ● Implemented Hyperion Financial Management and transitioned GL and Payroll to SAP post-acquisition ● Developed the “Opportunity Tracker” tool to measure effectiveness of GTM efforts and improve quality of revenue budgeting and forecasting

Director FP&A 10/2006 – 05/2008

Head of the Corporate FP&A team with full P&L responsibility to a mid-size startup (~$200M in annual sales) pioneering research on consumer usage & network data in the telecom and mobile media markets influencing business/investment strategy decisions for mobile service operators, device manufacturers, infrastructure companies, and enterprises by offering portfolio of proprietary marketing and network service & device quality information products.

Manager FP&A 07/2004 – 09/2006

Go-To-Market (GTM) finance partner to Corporate Strategy and Business Development organizations.

United Airlines Inc, San Francisco, CA 08/1999 – 06/2004

Accomplishments:

● Designed a tool for ROI evaluation of customer incentives programs (TIP/CIP) that was deployed enterprise-wide by both, passenger and cargo sales organizations ● Received the “Most Valuable Player” award from United Airlines in 2002 and 2003 ● Designed the “Target Setting” tool used by UA Cargo in its annual world-wide budget consolidation process ● Created Spot Pricing Database for dynamic tracking, benchmarking, and forecasting of pricing trends for UA Cargo services ● Elected to the UA Cargo “Business Charter Team” to consult senior leadership on strategy design and implementation

Senior Analyst Revenue Management 01/2001 – 06/2004

Lead Pricing & Products and Business Analyst for Western U.S., North & South Asia-Pacific Regions of UA Cargo Sales and Operations with ~$2.5B in annual sales.

Regional Sales Analyst 08/1999– 12/2000

Sales Finance Analyst supporting NW Region of UA Passenger Sales organization with ~$1.2B in annual sales.

Professional Skills

Solid background in financial and economic theory, financial modeling, accounting principles (U.S. GAAP), statistics, data mining, data management, KPI development, and engineering sciences.

Advanced computer skills. Power MS Excel/Access/PowerPoint user. Working knowledge of financial applications and ERP systems, including PeopleSoft, Longview, Epicor, Microsoft FRx, SAP, Hyperion Financial Management, Adaptive Insights. Experience with variety of BI applications (Power BI, MicroStrategy, CORE).

Demonstrated ability to multitask and manage high-priority projects with attention to detail and deadlines.

Strong oral, written, and presentation skills acquired through extensive experience in executive and operational management support. Ability to present complex financial information to non-finance professionals at all levels of the organization.

Experienced team leader. Managed high-performing finance teams of up to 15 employees. Known for inspirational, inclusive, and development-focused leadership style. Consistently placed among Top-10 leaders with high employee engagement scores.

Education & Credentials

MBA in Finance - San Francisco State University, San Francisco, CA

BS in Aeronautical Engineering - National Air Force Academy, Bulgaria

FMVA (Financial Modeling & Valuation Analysis) Certificate # 34593669 - Corporate Finance Institute (CFI)

Revenue Recognition – ASC 606 & IRFS 15 - Raffaelson Academy

SaaS Business Financial Planning, Modeling, Metrics/KPI, and Cash Management courses - SaaS Academy

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