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Click here or scroll down to respond to this candidateC. B. MIKE HARRELDAustin, TX Open(404) 226-8933 EMAIL AVAILABLE LINKEDIN LINK AVAILABLE MikeHarreld.com Consulting Fractional CFO Controller Board of Directors A dynamic and experienced Financial Business Advisor across various industries, including education, retail, investment banking, manufacturing, pensions, telephone, natural gas, electricity, and IT. Proven track record with entities of all sizes, from local organizations to General Dynamics, helping companies achieve financial goals. Extensive career as EVP CFO for Southern Company, a Fortune 200 company, with roles as CFO, Controller, mentor, risk manager, strategist, project director, and people and culture manager. Demonstrated expertise as a problem solver in business controls and procedures, mergers and acquisitions, energy solutions, start-ups, shut-downs, IPOs, sales of businesses, and board management. Electric Utility Expert in generation, supply chain, transmission, distribution, finance, HR, accounting, investor relations, IT, and regulatory affairs. A collaborative, highly inspirational executive who adds value by: Project Savings: Directed successful rate recovery of over $9 billion during a nuclear power plant construction project at Georgia Power and Southern Services. Identifying Turnaround and Improvement Opportunities: Achieved a 30% increase in four-year graduation rates for Atlanta Public Schools by implementing change initiatives as an interim management board member following a cheating scandal. Global Experience: Over 5 years of executive experience as an expatriate working and consulting in the UK, Germany, Holland, The Bahamas, and China. M&A: Leading the acquisition of Southwestern Electricity, improving overhead costs by reducing personnel from 6,000 to 4,000 and enhancing customer service ratings from worst to first. Cost Savings: Reduced operating costs by $300M through the development and implementation of cost-reduction policies. AREAS OF EXPERTISEFinance & Accounting Professional Consulting Strategic Planning Financial Reporting & Analysis Large & Small Businesses Project Management Risk Management M&As Mergers & Acquisitions Leadership Teamwork Business Knowledge Cost Management Global Business Accounting Cross-Functional Team Building Best Practices Organizational Analysis P&L Continuous Process Improvement Productivity Improvements Project Management SEC Startups Strategic Growth Planning PROFESSIONAL EXPERIENCECBH LLC, AUSTIN, TXCHIEF EXECUTIVE OFFICER PROFESSIONAL BUSINESS CONSULTANT JAN 2011 TO PRESENT Managed multiple teams, overseeing budgets of up to $10M for numerous clients on management issues, accounting, and financing. LJ Senior Investment Group: Advisory Board Member, consults on and evaluates the financials building a portfolio of senior living properties and managing them with a new model for operating senior living facilities. Accenture: Achieved two successful acquisitions for China Grid Corp by leading a project that educated top executives on Western business practices, ethics, and the acquisition process, enhancing their international business perspective before the company's strategic shift. Bahama Power & Light: Secured 90% of $20M in insurance claims for hurricane damage, alleviating the company's financial strain and ensuring the achievement of its financial plan through persistent negotiations with insurance providers. Consultant to Dean of School of Business Univ. of Kentucky: Improved stakeholder morale and student career readiness at the University of Kentucky's School of Business by facilitating better communication between faculty and staff and creating and teaching a Strategic CFO course based on extensive business experience. Georgia Atlas CBD Application: Completed and submitted a comprehensive 1200-page medical marijuana license application before the deadline by assembling and leading a team of experts to ensure all legislative requirements were met, positioning Georgia Atlas as a strong contender for one of six licenses. Atlanta Public Schools: Improved Atlanta Public Schools' 4-year graduation rate by 37% by developing and implementing a comprehensive culture change plan for Atlanta Public Schools, shifting focus from performance-based bonuses to meeting the educational needs of every student through enhanced cross-district communication and teamwork. SOUTHERN COMPANY, ATLANTA, GAEXECUTIVE VICE PRESIDENT JAN 2005 TO DEC 2010Led special projects, including ERP implementation for all entities owned by Southern Company. Managed closings down an unprofitable subsidiary while managing a team of 750 and overseeing budgets up to $500M. Established standardized workflows and quality control measures for the new transmission business units, improving efficiency, reducing operational costs, enhancing customer satisfaction, and increasing shareholder stock value by 3%-4%. C. B. Mike HarreldPage 2 Standardized finance and accounting procedures across all entities by implementing Oracle, reducing reporting by 75% from the 20th to the 5th of the following month, streamlining operations, improving financial reporting, and increasing productivity and profitability. Successfully implemented an ERP system at Power Secure, a newly purchased company, transitioning from weeks-late financial reporting to on-time preliminary close by the 5th workday by resolving project roadblocks and bringing in experts to educate stakeholders on the International Financial System. Reduced annual losses from $10M to $0 by renegotiating contracts and facilitating a smooth transition for business partners while closing an unprofitable alternate energy subsidiary, Energy Solutions, as CEO. GEORGIA POWER, ATLANTA, GAEVP, CHIEF FINANCIAL OFFICER JAN 2003 TO JAN 2005Promoted to CFO of Georgia Power, the largest subsidiary of Southern Company, to manage the Finance Department of Georgia Power, overseeing a team of 750 and budgets of up to $150 billion. EARLY GEORGIA POWER AND SOUTHERN SERVICES CAREER:SOUTHERN COMPANY SERVICES, ATLANTA, GA SR. VP FINANCIAL PLANNING AND ANALYSIS SOUTHERN POWER, ATLANTA, GA SR. EXECUTIVE VICE PRESIDENT; CFO FOR USA OPERATIONS EUROPE-MIRANT, AMSTERDAM NETHERLANDS EVP, CFO Prepared Europe-Mirant for a successful IPO by gathering three years of financial information, converting it to US GAAP, and consolidating it with other parts of Mirant, enabling the company to meet its IPO metrics. SOUTHWESTERN ENERGY LIMITED, BRISTOL, UK CFO Transformed the customer service ranking from worst to first by implementing a KPI-based compensation structure, leading to improved employee engagement and securing government approval for a 180 rate increase. GEORGIA POWER, ATLANTA, GA VP, COMPTROLLER, CHIEF ACCOUNTING OFFICER Led the successful recovery of over $9 billion in cost overruns for Georgia Power's Plant Vogtle Units 1 & 2 by convincing the FASB to allow the recording of projected income and coordinating with regulatory agencies for rate recovery approval. MILITARY SERVICEUNITED STATES ARMY FINANCE CORPEDUCATIONMASTER OF ARTS (MA) Accounting University of Missouri BACHELOR OF SCIENCE (BS) Business and Economics University of Kentucky EXECUTIVE PROGRAMS & CERTIFICATIONS: Executive Program, Stanford University CPA Certified Public Accountant, https://gsba.georgia.gov/ TECHNICAL ACUMENSYSTEMS: PC, Mac, iOSSOFTWARE & APPLICATIONS: Microsoft Office (Word, PowerPoint, Excel, Outlook), Google Docs, Calendar, Sheets, Oracle HONORS & AWARDS: Inducted into AICPA Hall of Fame in Industry; Honored as Volunteer of the Year, Metro-Atlanta YMCA; The Gatton College Alumni Hall of Fame AwardCORE COMPETENCIESProfessional & Leadership Skills: Budget Control, Budget Management, Financial Analysis, Group Facilitation, International, Large Budgets, Non-profit, Process Analysis, Process Improvement, Profit Improvement, Project Coordination, Regulatory Compliance, Resource Management, Resource Optimization, Manufacturing Facilities Management, Resource Utilization, Risk Management, Strategic Planning, Supply Chain & Purchasing Support, Accounting, Account Management |
