Betsy Wallace
Executive Director at Park City Institute- Claim this Profile
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Bio
Margo Garcia , Leadership Coach, MBA, ACCC
I had the distinct pleasure of working with Betsy at REC Solar when she stepped in as CFO. Betsy was able to quickly establish herself as a smart, generous and caring leader. She jumped right into what was a new industry; to a company in transition with a new CEO, and was able to bring calm, structure and leadership to both the Finance organization and the Executive team. I found Betsy to be a great listener, a powerful influencer and fun to work with. Most importantly, Betsy successfully turn around the company’s net earnings by controlling overall pricing and SGA costs during a two year period which global solar panel costs fell significantly from $2.60/kW to $0.60/kW. I highly recommend Betsy for her outstanding leadership of Corporate Finance, her ability to drive for improved results, and ability to inspire and motivate her team. Betsy is an outstanding executive and an asset to whatever organization she is associated.
Margo Garcia , Leadership Coach, MBA, ACCC
I had the distinct pleasure of working with Betsy at REC Solar when she stepped in as CFO. Betsy was able to quickly establish herself as a smart, generous and caring leader. She jumped right into what was a new industry; to a company in transition with a new CEO, and was able to bring calm, structure and leadership to both the Finance organization and the Executive team. I found Betsy to be a great listener, a powerful influencer and fun to work with. Most importantly, Betsy successfully turn around the company’s net earnings by controlling overall pricing and SGA costs during a two year period which global solar panel costs fell significantly from $2.60/kW to $0.60/kW. I highly recommend Betsy for her outstanding leadership of Corporate Finance, her ability to drive for improved results, and ability to inspire and motivate her team. Betsy is an outstanding executive and an asset to whatever organization she is associated.
Margo Garcia , Leadership Coach, MBA, ACCC
I had the distinct pleasure of working with Betsy at REC Solar when she stepped in as CFO. Betsy was able to quickly establish herself as a smart, generous and caring leader. She jumped right into what was a new industry; to a company in transition with a new CEO, and was able to bring calm, structure and leadership to both the Finance organization and the Executive team. I found Betsy to be a great listener, a powerful influencer and fun to work with. Most importantly, Betsy successfully turn around the company’s net earnings by controlling overall pricing and SGA costs during a two year period which global solar panel costs fell significantly from $2.60/kW to $0.60/kW. I highly recommend Betsy for her outstanding leadership of Corporate Finance, her ability to drive for improved results, and ability to inspire and motivate her team. Betsy is an outstanding executive and an asset to whatever organization she is associated.
Margo Garcia , Leadership Coach, MBA, ACCC
I had the distinct pleasure of working with Betsy at REC Solar when she stepped in as CFO. Betsy was able to quickly establish herself as a smart, generous and caring leader. She jumped right into what was a new industry; to a company in transition with a new CEO, and was able to bring calm, structure and leadership to both the Finance organization and the Executive team. I found Betsy to be a great listener, a powerful influencer and fun to work with. Most importantly, Betsy successfully turn around the company’s net earnings by controlling overall pricing and SGA costs during a two year period which global solar panel costs fell significantly from $2.60/kW to $0.60/kW. I highly recommend Betsy for her outstanding leadership of Corporate Finance, her ability to drive for improved results, and ability to inspire and motivate her team. Betsy is an outstanding executive and an asset to whatever organization she is associated.
Experience
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Park City Institute
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United States
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Entertainment Providers
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1 - 100 Employee
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Executive Director
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May 2023 - Present
Responsible for leading the organization in its mission to promote performing arts and cultural events in the community. Oversee Human Resources duties, direct management of the staff, and become the public face of the organization. Manage budgets, negotiate contracts, and create strategies to increase profitability. Collaborate to create marketing plans and public relations materials in order to expand community outreach and visibility across various media platforms. Work with the organization's Development Director in maintaining relationships with key stakeholders, vendors, and partners. Utilize data analytics to identify opportunities for growth and develop new programs that meet the needs of our target audience. Show less
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Sundance Institute
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United States
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Movies and Sound Recording
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200 - 300 Employee
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Managing Director
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Aug 2015 - May 2023
Sundance Institute is a non-profit organization founded by Robert Redford in 1981 that actively advances the work of filmmakers and storytellers worldwide. The Institute has offices in Park City, Los Angeles, and New York City, and provides creative and financial support to emerging and aspiring filmmakers, directors, producers, film composers, screenwriters, playwrights, and theater artists through a series of Labs and Fellowships. The programs of Sundance Institute include the Sundance Film Festivals in Park City, Hong Kong and London, premier platforms for American and international independent film. Show less
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PetSmart
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United States
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Retail
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700 & Above Employee
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Interim Chief Financial Officer and Chief Accounting Officer
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Oct 2014 - Aug 2015
PetSmart, Inc. (NASDAQ: PETM), a $6.9 billion publicly traded company, is North America's leading specialty provider of products, services, and solutions for the lifetime needs of pets. It employs approximately 54,000 associates and operates approximately 1,387 pet stores in the United States, Canada and Puerto Rico. PetSmart’s e-commerce websites include PetSmart.com, PetFoodDirect.com, Pet360.com, and OnlyNaturalPet.com and operates several content websites including PetMD.com. • Responsible for total corporate accounting, treasury, tax, internal audit, internal & external financial reporting oversight for the company. Responsible for all bank, lender and accounting firm relationships. Direct reporting to the Audit Committee of the Board of Directors. • Responsible for the Finance and Treasury integration and review of the $8.7billion highly leveraged buyout of PetSmart. Show less
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DSW Designer Shoe Warehouse
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Retail
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700 & Above Employee
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SVP Finance, Principal Accounting Officer
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May 2013 - 2014
DSW Inc., a $2.2 billion publicly traded company, is the largest branded footwear and accessories specialty retailer in the United States with over 400 company operated stores in 42 states, the District of Columbia, and Puerto Rico, as well as supplied footwear to 354 leased locations. It also has a large internet retail business. The company has over 20 million Rewards customers and has a significant eCommerce business. • Responsible for total financial, treasury, tax, internal audit, internal & external reporting oversight for the company. Additionally, responsible for developing new business, acquisition, and funding strategies for the company. • Successfully lead all financial aspects of the first acquisition by DSW of an international retail shoe company with an enterprise value of over CA$200M. Acquired company is the dominate footwear market leader in Canada with four separate banners and over 180 store locations. • Senior leadership member of both the Omnichannel Analytics governance and strategy committee and the Technology governance and strategy committee. • Member of DSW’s Senior Leadership team. Direct reporting to the board of directors and responsible for all investment banker, lenders, Audit and Technology board committees and accounting firms. Show less
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Mainstream Energy
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United States
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Renewable Energy Semiconductor Manufacturing
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1 - 100 Employee
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CFO (past Interim CEO)
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Jul 2011 - May 2013
Mainstream Energy is one of the largest consolidated downstream solar companies in the U.S. It was founded with the vision to bring solar and other renewable energies to the mainstream. Mainstream Energy is a integrated renewable energy company involved in the development of products, systems, projects and businesses that have the potential to help make solar-generated electricity a significant contributor to our total energy supply. • Responsible for total financial, treasury, budgeting, forecasting, legal and information technology oversight for the company. Additionally, responsible for developing new business, acquisition, pricing, project bonding strategies and funding strategies for the company. • Managed to control overall pricing and SGA costs during a two year period which global solar panel costs fell significantly from $2.60/kW to $0.60/kW while maintained slight growth in sales. • As interim CEO successfully turned the company’s net earnings from a two year negative trend to positive earnings implementing pricing, strategic product costing and SG&A cost improvements. • Responsible for strategic direction of the company with direct reporting to the board of directors and responsible for all investment banker, lenders, Audit and Technology board committees and accounting firms. • Founded in 2005, the Company achieved 49% revenue growth from 2006 through 2013. Company successfully sold in early 2014 to Sunrun, the leading home solar power installation, financing and leasing company in the U.S. Show less
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TravelClick
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United States
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Hospitality
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300 - 400 Employee
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CFO
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Aug 2009 - Aug 2011
International technology company specializing in the hospitality space with over 15,000 hotel customers in over 140 countries owned by two private equity firms that provide multi-product platforms including e-marketing, business intelligence, internet web services, mobile applications and software as a service (“SaaS”) to the worldwide hospitality industry. The SaaS platform includes reservations services and data intelligent solutions. • Responsible for total financial oversight of the company with three offices in the U.S. and international offices in Barcelona, Dubai, Melbourne, Shanghai and Tokyo. Responsible for developing new business, acquisition and funding strategies for the company along with all financial, treasury, budgeting, partnership & legal aspects of the company. • Responsible for the successful acquisition in May 2010 of a company specializing in internet based Guest Management services. • Reporting to the Chief Executive Officer as a member of the corporate executive team responsible for strategic direction of company with direct reporting to the private equity owners, investment bankers, lenders, and the accounting firms. • Total sales for the Company are approximately $200 million with a 5-year historical CAGR of approximately 25%. • Direct reporting to Company’s board of directors and the board’s Audit committee Show less
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American Skiing Company
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Retail
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1 - 100 Employee
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CFO
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Nov 2002 - Aug 2009
Publicly traded Resort Company with 8,500 employees backed by private equity preferred stock holders that owns and operates seven four-season ski resorts across the United States. • Responsible for Financial and operational management oversight of entire company, including multi-site, multi-state four-season resort operations that operate forty food & beverage venues, seventy retail and rental locations, nine hotels, multiple golf courses along with significant resort real estate development with total revenues exceeding $300 million; a revenue growth of 14.5% during my tenure. Responsible for all public financial reporting along with companywide budgeting. • Reported to the Chief Executive Officer as a member of the corporate executive team responsible for strategic direction of company, individual resorts and separate business lines including retail, hotels, golf, ski equipment rentals, real estate sales and food & beverage. Direct reporting to company’s board of directors and the board’s audit committee. • Direct reports include resort and real estate finance controllers, corporate accounting and financial reporting groups, investor relations manager, internal audit, treasury, information technology and most resort real estate sales groups • In depth understanding of capital markets. Successfully refinancing the company’s $320 million senior resort and revolver debt twice over four years while improving terms, covenant coverages and buying back $120 million in public debentures and junior subordinated notes. Restructured $30 million in senior real estate construction loan. • Successfully instituted internal controls and policies in a complex, multi-location, multi-business line business for SEC’s Sarbanes Oxley certification process. Show less
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Cyrano Sciences, Inc.
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Greater Los Angeles Area
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CFO
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Jul 2000 - Nov 2002
Large late stage start-up technology company that develops & manufactures intelligent wireless chemical sensing, remote detection & alert notification software. Founded in 1997 out of Caltech Institute and NASA’s Jet Propulsion Laboratory (JPL). • Complete financial oversight responsibility for business development and funding strategies for the company along with all other financial, budgeting & legal aspects of the company. Managed finance, treasury, information technology and human resource groups. • Successfully raised $23 million of Series E preferred stock investment from a consortium of international venture capital groups and individual investors during 4Q 2000, creating a post-money valuation for the company of over $100 million. • Successfully raised $10 million in federal funds through U.S. Senate Appropriations as a result of completely refocusing the company’s business plan from industrial applications to defense and homeland security applications in 2001. • Lead team in re-engineering effort providing 11% improvement in its operating expense line for the year 2001 and 37% improvement for the year 2002. • Drove revenues in 24 months from less than $500,000 to over $5 million, resulting in a shift from negative cash burn to a positive cash flow. • Managed patent portfolio with over 20 issued patents and over 30 patent applications. • Implemented efforts for the sale of the company to Smith Group PLC. Show less
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Citi
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United States
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Financial Services
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700 & Above Employee
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Vice President and Director
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Feb 1998 - Apr 2000
December 1998 – April 2000: VP & Director – Asia Regional Business Development: (Based in Singapore) • Dual reporting to the CEO of Asia Pacific Consumer Bank and to the Consumer Bank’s regional Head of Business Development. Responsible for financial reviews of all Citigroup’s merger, acquisition & divestiture projects within Asia Pacific for its consumer bank division with deal sizes ranging from $30 million to $500 million. • Developed complex country business, marketing and product development strategies in support for acquisition projects. • Lead Business Development team for several acquisition reviews as a result of a significant currency devaluation in Asia. Team reviewed over 50 different acquisition targets. • Lead financial team in the acquisition of Bank of America commercial bank business in India, Hong Kong and Taiwan. Acquisition price was in excess of $180 million net debt. • Lead financial team in the acquired Diner’s Club card portfolios in Japan and Australia. In two years, the Japanese acquisition added over $250 million in card portfolio business for the bank. • Re-engineered the Australia consumer retail bank providing 17% improvement in its bottom line for the year 2000. Redesigned a complex consumer branch system utilizing multi-strategies, improving both bottom line results by over 5% and increasing customer satisfaction. Divested country’s automobile loan portfolio, improving the country’s loan portfolio risk. February 1998 – December 1998: VP, Asia Regional Financial Controller – Citigroup (Based in Singapore) INVESTMENT PRODUCTS & DISTRIBUTION (IPD): • Direct responsibility for Asia Pacific regional level strategic planning and management of finance, budgeting, accounting for the Global Consumer Business’s Asset Management organization with assets under management totaling $2.5 billion. Show less
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Hubbell Incorporated
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United States
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Appliances, Electrical, and Electronics Manufacturing
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700 & Above Employee
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International CFO of Hubbell International, division of Hubbell, Inc.
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Jan 1996 - Feb 1998
Publicly traded international industrial manufacturing and sales company. • Direct report to the CEO of Hubbell International with full responsibility for finance, treasury, cash management, budgeting, accounting, tax and legal affairs along with strategic business planning and business development in Asia. • Held concurrent management oversight for new business and joint venture development, strategic planning and financial affairs in Asia. • Finance head for the development of three manufacturing joint ventures: China, Korea and India • Increased sales and Finance offices from four to seven throughout Greater Asia region, increasing regional net profitability by $20 million. • Acted as the direct liaison between U.S. senior executive management and each of the seven Hubbell Asia locations throughout Asia including the Middle East. • Greater Asia region, increasing regional net profitability by $20 million. Show less
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Esprit
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United States
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Retail Apparel and Fashion
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700 & Above Employee
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VP of Finance and Tax
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1988 - 1995
International clothing design and distribution (wholesale & retail) company • Finance and Tax Director reporting to the CFO for the U.S. business unit. • Responsibility for finance, treasury, tax, credit, debt/equity, international trade, import/export, and banking compliance affairs. • Managed finance, tax, import/export (sourcing in 20 countries), treasury and credit. Interim manager for Human Resources group and worldwide trademark-licensing subsidiary. • Successfully handled the Company’s annual large case audit review with the U.S. Internal Revenue Service for three consecutive years. • In-house tax & finance expert during the company’s $350 million leveraged buyout negotiations. • Strategic and tactical liaison with lenders and CPA firms throughout a $90 million refinance project. • Senior team member in companywide operations re-engineering program reducing operating costs by 30%. • Designed and implemented a $10 million Employee Stock Option Plan. Show less
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Tax Manager
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1979 - 1988
CERTIFIED PUBLIC ACCOUNTING INCLUDING DELOITTE & TOUCHE (THEN KNOWN AS TOUCHE ROSS): LOS ANGELES, SAN DIEGO AND SAN FRANCISCO, CALIFORNIA. 3 YEARS IN AUDIT, 6 YEARS IN TAX. CERTIFIED PUBLIC ACCOUNTING INCLUDING DELOITTE & TOUCHE (THEN KNOWN AS TOUCHE ROSS): LOS ANGELES, SAN DIEGO AND SAN FRANCISCO, CALIFORNIA. 3 YEARS IN AUDIT, 6 YEARS IN TAX.
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Education
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University of Southern California
Master of Business Administration - MBA, Accounting -
University of California, Los Angeles
BA, Psychology