Cfo Vp Of Finance

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Cfo Vp Of Finance with 21 years experience looking for a Executive position.

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Richard G. Rogers [email protected] 148 Main Street, Unit # O-506 North Andover, Mass. 01845 Cell: (978) 505-5619 SUMMARY Increasingly responsible financial management positions including CFO. Successfu l in medical devise, consumer products, engineering services, metrology equipmen t, financial Software, and manufacturing in private and public environments. Exp erience in raising capital and negotiation for bank or venture capital financing . Accomplished in financial and strategic planning and operation improvements, t hrough a team approach. Extensive experience with high-growth situations. AREAS OF STRENGTH Strategic Planning and Analysis Banking Relationships Contract Negotiation Financial & Accounting Controls Cash Management Medical Devise Products Reducing Business Risk Asset Management Supply Chain Management Team Building & Development Business Modeling Growth Oriented PROFESSIONAL EXPERIENCE Chief Financial Officer- Optikos Corporation - MA 2002 2010 Privately held $9 million manufacturer producing Optical Metrology Equipment, Op tical Engineering Services and Specialty Manufacturing. The key strategic adviso r to the business responsible for all Accounting and Finance including financial statements, audit, cash management, banking relationships, ISO Management Repre sentative, as well as HR, and Facilities, Strategic challenge was to survive in contracting industry. This required an ong oing challenge of cash and inventory management, expense and risk reductions, ex iting unprofitable businesses and growing through strategic investment in new bu siness venture. Recruited into a turn-around scenario by the CEO, tasked with being an agent of change. Within 90 days, non-profitable operations were eliminated, resulting in a year o ne positive cash flow. Launched Specialty Manufacturing Business, annual revenues now exceed 35% of Gro ss Corporate Revenues. Recruited and provided leadership for a staff of five focused on finance and pro curement activities. Reduced inventories by $0.5 million, focused efforts on driving inventory veloci ty. Reduced overhead expense from $2.5 million to $1.8 million over 3 years. Successfully re-capitalized business raising a total of $2.75 million in bank fi nancing. Paid down Corporation Debt by $2.1 million in an eighteen month period. Grew Top line Revenues from $3.9 Million to $9.0 Million over 8 years, in a down economy. Recruited, trained and advanced a staff of five. Vice President of Finance & Operations ZIPTRAN, Inc. MA 1999 2001 Founding member of ZIPTRAN, providing financial services focused on the B2B e-co mmerce exchange marketplace. Specifically these services included A/R financing, complete end-to-end financial transaction outsourcing, and credit risk transfer options.

Strategic challenge was to secure venture capital funding for start-up operation tasked with building a software platform to support B2B Exchange transaction vo lumes expected to exceed 100 million per annum. Services included A/R financing, transaction outsourcing, and credit risk transfer. Raised $1.5 million of seed stage venture capital. Established ZIPTRANs financing capabilities based on a fifty million commercial paper conduit at State Street Bank. Established Credit Insurance services with four of the largest worldwide AAA-rat ed Credit Insurance providers. Designed and implemented ZIPTRANs financial structure, including four unique leg al entities. Each designed to perform a specific function within the ZIPTRAN ser vice offering. Participated in road show presentations to venture capital, banking partners and potential customers. Established ZIPTRANs workflow protocols, benefits programs, and hired the operat ions and financial staff. Assisted in the implemented Oracle Financials and Oracle Database as a back-offi ce transaction-processing platform for ZIPTRAN. Chief Financial Officer Microline, Inc.- MA 1998 2000 Microline, inc. is now a subsidiary of PENTAX Inc. Microline is a premier manufa cturer of specialty surgical instruments focused on the laparoscopic reposable i nstrumentation marketplace. Strategic challenge: At the banks request, I was hired into a medical device ma nufacturing firm with annual sales of $1.5 million. I was tasked with building a n efficient infrastructure to drive growth and financial stability. During my 2. 5 years as CFO, we built a business strategy to drive product development, incre ase profitability, improve asset management, expand sales channels, and invest i n employee retention, training & advancement. Developed the policies, procedures and control systems to profit during dramatic growth. The resultant technology ultimately sold for $43.0 million to PENTAX Inc. in 2003. Implemented Microlines first data collection and revenue forecasting system. Gre atly, enhancing forecasting capabilities. Resulting in: reduced inventory invest ment, increased production throughput, eliminated backorders, accelerated invent ory turns and greatly increased cash flow. Working with the V/P of Sales, implemented Microlines first cohesive National Ad vertising Program. Implemented the first price increase, annual impact $120k. De signed Microlines first web site. Rewrote distributor contracts. Established a c ompetitor profiling system with strategic plans tailored to each competitor. Dom estic revenues FY99 vs. FY00 increased 34% Acting Operations Manager for four months. Successfully recruited replacement. W orking with the Director of Operations, implemented Microlines first manufacturi ng bonus program. Productivity climbed from 250 pieces per day to over 700 per d ay without additional labor. Shifted operations from make to order to make to st ock, backorders dropped from $80k per month to virtually zero. During FY00 reven ues have increased by 48% while inventory investment has decreased by 3%. Outsourced procurement of high volume machined parts to China, annualized saving s of $780k. Reduced machine shop from two shifts to one, annualized labor and be nefits savings of $210k. Reviewed, re-negotiated and or replaced all of Microlines insurance contracts. G reatly enhancing the quality of health care coverage and benefits package availa ble to employees. Resulting in a cost-neutral improvement in Microlines competit ive position in a tight labor market.

Implement Financial control systems to ensure timely, accurate and comprehensive reporting of Financials to our banking and financing partners. Controller Wakefield Engineering - MA 1996 1998 Wakefield Engineering manufactured highly engineered heat sinks for the electron ics industries. Heat sinks are attached to CPUs and used to dissipate unwanted t hermal energy. Strategic challenge: Hired into a turn-around of a failing company. Focused on t he development of systems to gather and interpret strategic information for the VP of Finance & CEO. Mission was to evaluate and ultimately replace most of the Financial Staff. Realigning the Finance Departments role from accounting to a Fi nance team structured and focused on information analysis and management decisio n support. Member of Wakefield Engineerings, Gang of Twenty, representing the top twenty ma nagers responsible for providing strategic guidance for the company. Responsible for all cash management, financial forecasting, annual budgeting, mo nthly closings, bank & corporate audits, customer credit terms, financial contro ls, banking and financing relationships. Responsible for directing operational reviews, including consolidation and analy sis of six manufacturing facilities, capital requirements review, facilities pla nning, vendor contract relations, standardization of policies and procedures, ma intaining GAAP compliance, inventory and asset performance reporting. Managerial responsibility for six direct reports and a dozen indirect. Including day-to-day direction as well as detailed skill and career development plans for each staff member. Successfully recruited and developed a fiercely loyal and hi ghly motivated financial staff. Based on leadership style anchored on personal e xample, honesty, fairness, compassion, drive and ambition. Supervisor of Financial Planning & Analysis Polymerics, Inc.- MA 1992 1996 Polymerics, Inc. manufactures and distributes a family of consumer craft product s under the brand name of Tulip. Company gross revenues exceeded $92 million in FY96. Company was acquired by Bain Capital in FY91. Bain Capital subsequently so ld the company to its number two competitor named Plaid Inc. Responsible for all aspects of the annual budgeting, forecasting cycles, and ope rational reviews. Implemented a project accounting system to track diverse Sales & Marketing progr am expenses. Implemented Divisional P&L reporting structure and standardized monthly operatio nal reviews. Responsible for CFOs long range strategic planning for Board of Directors presen tations. Implemented procedures to indentify erroneous credits issued, saving $75k annual ly. Designed and Implemented Polymerics Price/Cost/Volume reporting system. Other career experience: Cost & Budgets Analyst. C.R. Bard, Inc.- MA 1988 1991

Financial Analyst GenRad, Inc.- MA 1985 1988 Education: BSBA, Summa Cum Laude Northeastern University Boston, MA 1994 Software Proficiency in the following; Microsoft Office Suite, Excel, Word, Pow erPoint, JDEdwards Financials, Syspro Financials, Crystal Reports, Access & Para dox Database Management, Peachtree and QuickBooks accounting software.

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