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Click here or scroll down to respond to this candidateCandidate's Name
8 Wistar Road Office PHONE NUMBER AVAILABLEVillanova, PA 19085 EMAIL AVAILABLE Mobile PHONE NUMBER AVAILABLE Qualifications Summary Experienced executive with strong operating experience in numerous businesses, including 16 years in senior financial positions at General Electric. Global CFO experience, including treasury operations, debt management, and foreign exchange hedging Leadership roles in start-up and early-stage companies, including complete infrastructure development and capital raising Extensive communication skills with Board of Directors and outside investors Strong leadership and interpersonal skillsWork ExperienceElectro-Petroleum, Inc., (EPI) Wayne PA President and CEO (8/07 present) Temblor Petroleum, LLC, Bakersfield, CA Managing Member (8/07 present) Assumed leadership of these two entities upon death of father. EPI EPI developed patented technology for secondary recovery of heavy oil using direct current stimulation of the oil in-situ company was not operating in 2007 Developed a new business plan and raised $3mm in capital in 2008 from Element Partners and private individuals. Hired new management team. Raised $4.6mm in second round in 2010 from existing investors, Potomac Energy Fund, and OMZEST (a group from Oman) Conducted successful field test and earned 10% ownership of an oil field in Canada Temblor Petroleum, LLC Temblor is oil and gas Exploration and Production Company based in Bakersfield, CA. Became Managing Member in 2007(Bell family owns 36% of Temblor) at that time Temblor had no cash and significant drilling commitments. Recapitalized the LLC, sold partial interest in one field, and commenced first cash distributions in 2008 since founding in 1999. Temblor has now distributed $6.8mm (on $2.9mm investment), repaid $1.7m of debt, and the valuation of the company has increased several-fold. Developed new properties including the discovery of a new field in Fresno County where Temblor is the operator. Led the development of the field including permitting with various agencies, construction of a fully automated facility, and construction of a gas pipeline and gas processing plant.Kaz, Inc, New York, NY and Boston, MAChief Financial Officer (8/04 8/07) Responsible for world wide finance, IT, and HR operations of this global manufacturer of home health care and home environment products under the Vicks, Braun, Honeywell, Duracraft, and Kaz brand names ($550mm in revenue). Lead over 100 employees throughout the U.S., Europe, and China. Served on four-person Executive Committee Played key role in acquisition of Brauns Health and Wellness Business from P&G, including leading due diligence, negotiating agreements, and raising $43mm in debt financing Completely re-organized and upgraded Finance team to enable Finance to serve as a pro-active business partner (upgraded over 60% of the leadership team). Implemented a Hyperion reporting and budgeting system to enable web-based budget/forecast input and reporting world wide Implemented very tight focus on cash flow and inventory inventory reduced 41% in one year and improved cash flow from $25mm usage to $20mm generation. Implemented improved accounting routines and standardized accounting processes globally Negotiated and implemented a $75mm global asset backed facility with Bank of America as agent, including separate facilities in North America, Germany, and Hong Kong. Promoted in 2006 to lead the Global Shared Services Organization, which includes the Finance, Human Resources, and Information Technology Functions FNX Limited, Conshohocken, PAPresident and Chief Financial Officer (1/02 8/04) Responsible for operations for this provider of Trading and Risk Management systems for global financial institutions ($20mm in revenue). Position includes responsibility over 100 employees in Philadelphia, New York, London, Tokyo, and Singapore, and Bangkok. Negotiated and executed management buyout of the Company from investor group in June 2002. Helped lead restructuring of the business, resulting in profitability and positive cash flow within six month of the buyout. Revenue growth was be 25+% in 2003 while EBITDA margins were positive vs.12% in prior year Hired investment banker and developed full offering memorandum and road show presentations, resulting in additional capital infusion Appointed to the Board of Directors by investors Fenway Partners and Blue Capital. ICG Commerce, Jenkintown, PAChief Financial Officer (11/99 8/00) Initial outside employee for start up founded by Internet Capital Group which provides comprehensive on-line procurement services Played key leadership role during growth from 40 employees to over 400 employees, including recruitment of top management team. Recruited finance organization and established financial infrastructure and reporting/estimating/analysis routines Led private placement of $120mm financing with Merrill Lynch Recruited entire management team for Asian Operations and led development of initial strategy for the regionGeneral Electric CompanyManager Finance, GE Power Systems Asia, Hong Kong (5/98 11/99) Finance leader for GE Power Systems Asia ($1.8B in revenue) Developed comprehensive Risk management program in response to Asia financial crisis and presented results to GE Chairman. Managed $400+mm receivables portfolio, reduced past due receivables by 50%, and collected $1.8B in cash during 1998 in crisis environment. Developed strong front-end credit controls and financing techniques to avoid defaults Managed foreign currency exposures and hedging contracts Successfully worked with commercial teams to structure large deals including both New Unit sales and after market parts and services Led manufacturing finance due diligence on Alsthom acquisition ($910mm acquisition) Participated on task force on E-commerce reporting to Chairman and Corporate Executive Council Manager - Finance, Gas Turbine. GE Power Systems, Greenville, SC. (5/96 5/98) Finance leader for $1.8B revenue business. Key responsibilities included sales and margin, manufacturing costs, engineering costs, cost estimating, inventory management and accounting, P&E investment, and Licensing Operation. Managed 21 people. Lead Finance role for the H Gas Turbine product development program. Supported Revenue Sharing discussions which led to $240mm co-development deal with Toshiba Led the Gas Turbine Inventory Management Team ($400+mm in inventory) Established separate licensing corporation in South Carolina - $4.5mm annual tax savings Participated on acquisition team for Stuart and Stevenson ($675mm) Manager - Finance, Laundry Products. GE Appliances, Louisville, KY. (2/93 5/96) Responsible for all financial aspects of $600mm product department, including profit and loss, strategy development, long range product plans, price/share analysis, management of program funds, and plant accounting operations Key member of team which successfully implemented the 90s Washer program, a $100mm product redesign and factory renovation program. Lead role in target costing process for identifying and implementing cost reductions on new washer product.Manager - Finance, GE Machinery Apparatus Operation, Schenectady NY. (2/92 2/93) Chief Financial Officer for a $500mm business serving the Nuclear Navy. Led a full scope finance function including payroll, accounts payable, general and contract accounting, and financial analysis Performed strategic study for the government to evaluate subcontractor structure Negotiated disposition of the business to Westinghouse Manager - Business Analysis, GE Meter and Control, Somersworth, NH (11/88 2/92) Led financial analysis and manufacturing cost accounting for a $300mm business Implemented Activity Based Cost Accounting System which resulted in exit from one product line and significant pricing methodology changes Revised Puerto Rican transfer pricing methodology resulting in $3mm annual savings GE Corporate Audit Staff, Schenectady, NY (8/85 11/88) Performed and managed audits at thirteen different GE businesses worldwide, progressing from Staff Auditor to Audit Manager. Managed audits of up to 10 auditors and presented results to senior GE management, including key business CEOs and GEs Chief Financial Officer Performed detailed reviews of all major financial cycles as well as process reviews of new product development, inventory management systems, and proposal pricing GE Financial Management Program, Schenectady, NY (2/83 8/85) Completed rotational assignments and class work. Rotations included Financial Analysis, General Accounting, and Customer Accounting. Ranked first in class. Elected President of the FMP Association, an 80 member organization of trainees EducationDuke University, Durham, NC. BA Economics, Cum Laude. 1982 |
