cfo vp finance

John J. McDermott

Apt. # ** V, *** West End Avenue; New York, NY 10025

M: 646-***-****; ****************@*****.***

Senior Corporate Finance Executive

C-level finance expert and business executive that creates and enables superior cost management with exceptional team leadership skills for global consumer good Fortune 500 corporations competing in both the wholesale and retail channels. Highly experienced professional who travels and manages contractual relationships with distribution partners and factory direct sources to achieve profitability and aggressive budget goals in today’s turbulent marketplace. Excellent motivator, instructor, mentor and delegator to both direct and indirect staff increasing overall moral and team productivity.

Business Skills: Financial Planning, Reporting, & Analysis; Project Management; YTD & YTG Analytics; MD&A Reporting; SEC Reporting; Management of Direct and Indirect Staff; B/S, P&L, and Cash Flow Creation and Variance Analysis; Retail Finance; CPA In-Progress; Cost Reduction & Control; Customer Pricing & Revenue Analysis; ROI, IRR, & Payback Metrics; Capital Expenditure Request Approvals; Strategy and Financial Plan Alignment; In-Depth GAAP and IASB Knowledge; Valuation Analysis; Legal Document Analysis & Interpretation

Selected Career Achievements

ETPH Acquisition, LLC - New York, NY August, 2008 – Present

Private equity held wholesale fashion apparel company with annual sales of $200 MM.

Vice President of Financial Planning & Analysis

Share the Chief Financial Officer role reporting directly to the Chief Operating Officer

• Initiate internal management’s proactive cost management by reporting variance analysis of all actual figures compared to forecast resulting in successful reduction of costs by 23%

• Improve timeliness, accuracy and transparency of monthly financial reporting by developing ‘soft’ close procedures enabling Board reporting 14 days sooner than previously scheduled

• Develop and continually improve upon a complex corporate consolidation model in accordance with GAAP to better anticipate and predict results; model is company’s forward looking standard

• Increase visibility and create better transparency by producing and verifying the accuracy of all final financial and operational reports included in the quarterly Board of Directors books

• Streamline inventory values and create cash availability with the creation of innovative product forecasting techniques aligning retail, customer and production sales plans

• Manage a staff of two directors and provide additional leadership direction and guidance across multiple functional departments during the alignment of financial objectives with overall strategy

Steve Madden, LTD - Long Island City, NY January, 2007 – August, 2008

A publically held (NASDAQ: SHOO) fashion footwear company with annual sales of $500 MM

Senior Director of Financial Planning, Analysis and Reporting

Reported directly to the Chief Financial Officer in a newly created position to lead and implement best in class financial practices across all Steve Madden LTD brands

• Decreased overall operating expenses 6% by initiating headcount reporting by function and division resulting in a strong and reorganized buying, merchandising and marketing organizations

• Implemented detailed retail store planning methodology for sales and operations organizations resulting in new innovative forecasting technique that became company standard

• Managed indirectly a staff of 15 senior wholesale, retail and corporate cross functional department heads during projection creation ,consolidation, review and approval

John J. McDermott ****************@*****.*** 646-***-**** Page 2

L’Oreal USA - New York, NY March, 2004 – December, 2006

Domestic division of publicly traded Paris based beauty conglomerate with annual sales in excess of $5 B

Director of Financial Control

Lead all financial control and analysis of internal transfer price division tasked with creation of all new Ralph Lauren fragrances, a $500 MM annual global brand

• Recruited and hired to lead division in new role created to introduce the company global norms and standards by aligning operational expenses with forecasted internal shipments to worldwide subsidiaries while achieving intended goal of breakeven profitability

• Determined and the annual worldwide transfer price for catalogue, new and promotional products by zone providing transparency to local markets and enabling better budget allocations.

• Continuously refined advertising usage and production costs by benchmarking against comparable brands in the L’Oreal portfolio resulting in lower costs passed onto all subsidiaries

• Indirectly supervised three financial managers to restructure and develop best practices in forecasting and reporting of actual figures resulting in higher transparency and better allocation of resources

Coach, Inc. - New York, NY June, 1999– March, 2004

A publically held (NYSE: COH) fashion handbag company with annual sales in excess of $2 B

Senior Manager of Finance - International Division; January 2002 – March, 2004

Perform all financial oversight and control of a $200 MM annual revenue division

Manager of Finance - Corporate Division; June, 1999 – January, 2002

Consolidated all forward looking financial projections compared to external estimates during initial IPO separation from the Sara Lee Corporation and subsequent independent public filings

• Created pricing analysis allowing increase to both wholesale customers and retail consumers based upon foreign exchange fluctuations resulting in $3MM increased sales and margin dollars

• Instrumental in leading task force composed of business unit management team and corporate accounting team to most accurately represent financials on a monthly, quarterly and annual basis

• Managed international retail to wholesale sales link enabling greater visibility into distribution partner’s inventory levels convincing distributors to transfer product to necessary locations to maintain optimal inventory on hand levels

Unilever US, Toys “R” US & Chickmaster International May, 1990 – June, 1999

Three distinct financial roles in retail and wholesale consumer product corporations gaining specific understanding of the financial functions in both domestic and international capacities

Education & Training

Master of Business Education (MBA) Degree May, 2004

Fordham University, New York, NY - 3.9 GPA Management & Strategy

Bachelor of Business Education (BBA) Degree May, 1990

University of Notre Dame, Notre Dame, IN Finance

L’Oreal SA Good Controlling Practices June 2004

Paris, France Financial Management

Unilever NA Management Seminar June 1995

Westchester, NY General Management

COMPUTER SKILLS

MS Excel (Pivot & Lookup Tables, Macros); MS Access; MS PowerPoint; MS Word; ERP Systems (SAP, MS Axapta, Oracle, LAWSON, Jesta); Forecasting Tools(Hyperion, COGNOS, MS Forecaster)

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