Chief Financial Officer/Business Unit Executive

CHIEF FINANCIAL OFFICER / BUSINESS UNIT EXECUTIVE

EXECUTIVE PROFILE

Seasoned executive with outstanding record of improving profits and cutting costs through hands on, detailed-oriented approach and extensive experience in finance and operations, and comprehensive knowledge in areas of budgeting, financial reporting, forecasting, and operations analysis. Major responsibility includes day-to-day operational involvement including collections, reporting financial variances, and business plan development and recommendations.

Recognized for calm demeanor in mediating conflict and in delivering consensus with diverse agendas. Develops creative solutions to problems through strategic information gathering, data collection, and comprehensive scrutiny, which foster long-term employee commitment, creativity, and performance.

Strategic, methodical, and reliable individual who enjoys the challenge of resolving long-term issues and influencing revenue positive outcomes; an experienced self-starter, team player, and problem-solver with outstanding communication skills and keen attention to customer needs and details.

CORE COMPETENCIES

Financial Management

- IPO Preparation and Execution | SEC Reporting and Compliance | Merger and Acquisitions (Target Identification, Due Diligence, and Subsequent Integrations) | International Statutory Conformance and Consolidations | Budgeting and Forecasting | GAAP and SOX Compliance | Internal Control and Audit Procedures | Tax, Treasury and Information Technology Functions | Divestitures and Reorganizations

Operational Management

- Purchasing, Procurement, Distribution, and Vendor Management | Sales Order Administration and Fulfillment | Facility Management (Reorganizations and Relocations) | Manufacturing (Test and Quality Assurance)

Human Resources Management

- Personnel Function Management | Development and Implementation of Policies, Procedures, and Performance Evaluation Criteria and Metrics | Creation of Incentive Compensation Plans for Service and Sales Functions | Defined Contribution Plan (401K) Initiation, Implementation, Enhancement and Monitoring

Sales and Service Management

- Initiation of Revenue Enhancement and Cost Reduction / Control Programs | Creation, Implementation, and Monitoring of Formalized Policies and Procedures to Enhance Quality and Profitability of the Relative Functions

PROFESSIONAL BACKGROUND

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R.T. PEAK TRAVEL GROUP - San Jose, CA

Chief Financial Officer and Secretary 2007-2009

Work in a $120M travel management company responsible for supporting the identification of growth opportunities with respect to new customers and products.

- Assimilated an acquisition, which doubled the company’s size and profitability, by negotiating a 33% increase in the company’s primary revolving credit line in September 2008, this was during the tightest credit cycle in recent banking history, without sacrificing previous terms, conditions, covenants or pricing.

- Streamlined the entire financial tracking and reporting process, resulting to significant indigenous growth and profit enhancement. Expanded employee options on benefit plans program, attaining more than 10 percent cost reduction.

- Developed, championed, and implemented a customer profitability profile report which established metrics for pricing and resource allocations.

- Expanded and enhanced the client “proposal to contract” process maximizing financial control procedures and revenue assurance.

VOITH PAPER AUTOMATION, INC. -Los Gatos, CA

Chief Financial Officer and Business Unit General Manager 2003-2007

Worked as business unit general manager and CFO of the US headquarters, with $6B manufacturing and service conglomerate headquartered in Heidenheim, Germany. Managed the finance, human resources and facilities, manufacturing and external operations such as aftermarket U.S. service, and sales for the North American marketplace. Co-managed the R&D and Far East service functions of the division, consisting of 45 employees.

- Invented a maintenance service contract program for current customers, producing an incremental annual revenue enhancement of approximately $700K and yearly net income of $400K.

- Established the positive development of a new innovative product to provide demonstrated significant differentiation requisite to the long-term business plan of the unit.

- Executed internal “risk management” program for the sales organization, which effectively identified financial and technical risks on new product offerings “prior” to the commitment process.

- Developed cost savings and planned enhancement opportunities with respect to company’s 401K defined contribution plan, resulting in substantial cost savings to overall group of 50%.

- Designed a vendor monitoring and performance evaluation program, which yielded a positive 21% purchase price variance contribution against the prior three years purchases.

- Created a formal “legacy” customer and product evaluation program, which sustained revenue and profitability for the product line at historic levels for the past four years despite conflicting competing internal product offerings.

Vice President of Finance and Controlling 1999-2003

Performed all financial and administrative functions to process control subsidiary of a $5B manufacturing conglomerate that serves the hydropower, industrial transportation, industrial services, and paper industry worldwide. Provided hands-on management to corporate accounting, human resources, and certain foreign personnel including UK, Sweden, Germany, and Japan.

- Successfully combined previous processes, procedures, and financial statements, integrating the preceding public company into newly acquired private German company.

- Established new service compensation plan, which generated incremental revenue of $200K yearly. Conceptualized and implemented new sales compensation plan based on industry standards and concepts with respect to new product offerings as related to corporate business plan.

- Improved new product margins by 25% through manufacturing cost reductions and overhead reductions that resulted in incremental net income exceeding $1M.

- Designed a comprehensive research and development-monitoring program including software development and accounting control thereof, which helped focus R&D efforts on current viable product alternatives and established guidelines for advancement or abandonment.

- Member of the Board of Directors of two subsidiaries and Chairman of the Board of its UK subsidiary.

EARLIER CAREER

Corporate Controller / Controller, IMPACT SYSTEMS, Inc. -San Jose, CA

Senior Corporate Internal Auditor / Accounting Manager, GOULD Inc. -Cleveland, OH / Santa Clara, CA

EDUCATION

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Bachelor of Science in Business Administration, Major in Accounting / Finance (cum laude)

Ohio State University - Columbus, OH

Member, Beta Alpha Psi (Accounting Honorary Fraternity)

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