Management Accounting

HERBERT S. ROOT, CPA

*** ******* *** **** ********, Georgia 30068

404-***-**** Cell *******.****@*******.***

FINANCIAL CONTROLLER

Senior Finance and Accounting Executive

SUMMARY

Self-motivated, flexible, bottom-line oriented financial management executive with over twenty years of proven performance in corporate accounting, treasury and international reporting and finance. Experienced in manufacturing, healthcare, and project engineering organizations. Demonstrated leadership in systems integration, organizational excellence improvements and positive financial impacts. Earned a reputation as a strong problem solver who works well at all levels of the organization, plans effectively and executes with proficiency. Expertise and Core Competencies include:

• Financial Reporting/Planning

• Budgeting/Forecasting

• GAAP

• Monthly Income Statements

• Balance Sheet

• Public Accounting • Foreign Exchange

• Shared Service Center

• Strategic Planning

• Risk Management

• Acquisitions

• Tax and Regulatory Filings

PROFESSIONAL EXPERIENCE

VANDERLANDE INDUSTRIES INC. Marietta, GA 1999-Present

Vanderlande Industries is a global provider of automated material handling systems and services

Controller and Corporate Secretary

Member of key executive team that led the Company’s entry into the US market. Helped establish the strategic plan, operational objectives, organizational structure, and facilities layout. Managed the accounting , treasury and administrative functions including: human resource administration, tax planning, regulatory and management reporting, operations analysis, and project accounting. Prepared and controlled a $115 million annual budget, balance sheets, cash flow statements, financial statements. Provided executive leadership regarding all accounting initiatives. Worked closely with banking officials, auditors and attorneys.

• Generated cash flow of $26M which reduced interest expense by $1.5 million by working with CPA firm to maximize the percentage of completion tax planning on a $430 million project.

• Played a critical role in the tremendous growth of this global material handling materials organization from revenues of $10 million to more than $115 million.

• Cultivated and maintained productive working relationships with Surety Company that facilitated an initial Line of Credit of $40 million. Later negotiated the LOC up to present level of $340 million.

• A/P audit by third party firm reviewed in excess of $500M in invoices over a 4 year period resulting in a payout of only $1,800.00 to the third party (one invoice).

• Established and controlled cash and financial management for 10 bank accounts in 5 banks and 4 countries

• Core team member that established a new facility in Canada and Mexico; in first year Canada generated $18 million and Mexico $4 million.

• Implemented new processes and systems in order to streamline all accounting functions, establish all necessary internal controls and to improve on accuracy and timing of monthly financial information.

• Provide financial direction for long-term strategic planning and key financial objectives for annual plan

HERB S. ROOT Page Two

STRONGHAVEN, INC., Atlanta, GA 1997-1998

Stronghaven is a $130 million independent graphic packaging supplier with three plant locations

Chief Financial Officer and Treasurer

Built a formal accounting and finance function, created internal systems and procedures, established operating and project budgets, and designed monthly reporting methods to improve cash flow. Directed all corporate tax and insurance matters.

• Presented financial results at board of directors meetings

• Responsible for the accounting and financial reporting

• Provide individual financials and integrate financials for three separate facilities and operations

• Directed treasury operations, credit, accounts receivable, tax, risk management

• Prepared the annual business plan and operating budget

• Performed substantial due diligence procedures on acquisition candidates

FLEXEL, Atlanta, GA 1987-1997

Flexel, Inc. is a $150 million manufacturer of cellophane with four plant locations

Assistant Treasurer and Administrative Officer (1993-1997)

Member of Senior Management team responsible for internal and external financial reporting, cost standards, treasury functions, tax administration, annual budgets, consolidations and accounting policies and procedures.

• Successfully restructured over $40 million in secured and unsecured debt. Coordinated the activities of investment bankers in the “due diligence” process resulting in successful sale of one subsidiary for $14 million.

• Promoted from Corporate Controller to Assistant Treasurer and Administrative Officer in 1993

• Designed management information and reporting systems including detailed monthly spreadsheets and variance explanations, annual budget/forecast spreadsheets and presentation charts.

• Designed and implemented cash management systems and spreadsheets used to report sales, inventory and cash position to bankers on daily basis.

• Presided over and coordinated the closing of the Tecumseh, KS plant. Participated in the design of the severance policy, set up program to explain termination schedule and benefit plan options to employees.

• Member of labor negotiations team which negotiated union contracts with UNITE organization. Resulted in substantial cost savings and operational effectiveness.

CENTRAL HEALTH SERVICES, INC., Atlanta, GA 1984-1987

Vice President, Finance and Controller

Central Health Services, Inc. is a $50 million integrated health Care provider operating in three states.

Maintained full-charge financial responsibility for a multistate Home Health Care, Private Duty Nursing and Physical Therapy organization including general ledger, monthly financial statements, payroll, AP and AR, Budgeting, tax reporting and collections. Successfully integrated four acquisitions in two states on-line.

EDUCATION

BS, Accounting, Clemson University, Clemson, SC

Certifications & Professional Affiliations

Certified Public Accountant – State of Georgia

Member American Institute of Certified Public Accountants and Georgia Society of CPA’s

Institute of Management Accountant’s

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