CFO

George A Bares

***** ******** *******

Elm Grove, Wisconsin 53122

262-***-**** (home)

414-***-**** (office)

******.*****@***.***.***

PROFESSIONAL SUMMARY

Experienced manager and financial executive with a significant background in both manufacturing and banking.

PROFESSIONAL EXPERIENCE

Electronic Cable Specialists Inc., Franklin, Wisconsin

January 1994 to present

Electronic Cable Specialists, Inc. (ECS) is a privately owned company specializing in the design and manufacture of avionic installation kits. This 25 year old company has grown rapidly to become the premier provider of avionic support products worldwide. The company, as well as the aviation industry as a whole, was severely impacted by the economic downturn and the 9-11 disaster. We downsized the company from over 300 to 150 employees, slashed operating costs, moved our banking relationship, and strategically repositioned the company’s sales efforts. ECS resumed profitable growth by 2004 and attained strong profitability on sales of $54 million in 2008. In 2009 the company was sold to a strategic buyer for a substantial premium.

Chief Financial Officer

• A member of the senior management team and directly responsible for the accounting and pricing departments.

• Responsible for all administrative functions for the company including employee benefit plans, bank relations, legal matters, contract negotiations, taxes, tax compliance and insurance.

• Directed the downsizing and turnaround of the company by reducing payroll and non-payroll expenses by nearly 50%. Successfully negotiated new credit facility with new lender.

• Introduced traditional financial controls and concepts including internal management reporting, budgeting, cost accounting, credit and internal accounting controls.

• Developed and implemented the company’s pricing strategies.

• Initiated savings in numerous areas through negotiation with vendors and through internal process improvements.

• Developed or improved the company’s employee benefit and executive compensation plans.

Security Commercial Credit Corporation- Milwaukee, Wisconsin

October 1985 to January 1994

Vice President / Commercial Loan Officer

• Responsible for origination of new loan and deposit business, underwriting, documentation and management of a commercial loan portfolio

• Developed a portfolio that included real estate construction and development loans, equipment loans, lines of credit, SBA loans, leases and lease lines of credit. Creatively devised the most appropriate financing structure to meet a variety of customer requirements

• Eight years of networking with professionals and banking a variety of businesses instilled invaluable business acumen and ability to strategically evaluate what elements are necessary for a business to be successful.

Independence Bank Group, Inc. – Waukesha, Wisconsin

May 1982 to October 1985

Corporate Controller

• Chief Accounting Officer of a publicly traded corporation, responsibilities included all accounting and tax policies, SEC, annual report and other external and regulatory reporting.

• Additionally responsible for budgeting, tax compliance and planning.

• Responsible for analysis, pricing, regulatory application, general ledger conversion and accounting for a $115 million bank acquisition.

• Treasurer of mortgage subsidiary. Reported to CEO. Supervised accounting personnel on an as -needed basis

Price Waterhouse- Milwaukee, Wisconsin

January 1979 to May 1982

Audit Senior

• Supervised on variety of audit assignments including those in banking, healthcare and manufacturing.

EDUCATION

• Marquette University- Milwaukee, Wisconsin

• MBA, 1998

• B.S., Accounting, 1978

CERTIFICATION

• C.P.A. - State of Wisconsin

PROFESSIONAL AFFILIATIONS

• American Institute of Certified Public Accountants

• Wisconsin Institute of Certified Public Accountants

• Financial Executives Institute

• Wisconsin Association for Corporate Growth

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