Experience

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  CEN Properties

  • Rolling Hills, CA

  • President

    • Aug 2012 - Present
    • Rolling Hills, CA

    Buy, renovate, and re-sell real estate in the Palos Verdes, California area

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  Aecom Technology Corporation

  • Greater Los Angeles Area

  • Senior Vice President & Treasurer

    • Apr 2012 - Aug 2012
    • Greater Los Angeles Area

    Aecom Technology Corporation is a $8B global provider of professional technology and management services with 45,000 employees and projects in 130 countries. Responsible for leading the global treasury function including capital markets, managing currency risk, cash management and planning, and developing a global treasury team.

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  Owens-Illinois, Inc.

  • Perrysburg, OH

  • Vice President and Treasurer

    • Jan 2010 - Mar 2012
    • Perrysburg, OH

    Owens-Illinois, Inc. is a $7B glass container manufacturer with operations in 22 countries serving the food and beverage industry.Full responsibility for the planning and leadership of the corporate treasury and risk management functions. Support OI’s strategy of growth through acquisition by obtaining cost effective capital, financially evaluating targets and managing the treasury integration of acquisitions. Supervise a staff of 26. - Structured and executed a $690M convertible bond (3% up 40%) in conjunction with a $200M share repurchase to minimize potential dilution.- Raised 500M Euros in the Euro bond market to fund a $660M acquisition in Brazil.- Refinanced and increased OI’s multicurrency Bank Credit facility consisting of $1.1B in term loans and a $900M revolver. Used the additional $400M of proceeds to pay down more costly debt.- Reduced OI’s cost of debt from 5.81% to 4.96%.- Restructured the Treasury organization from regional teams to a global team with multi-regional knowledge and responsibilities.- Hedge currency, commodities and transactions on an as needed basis.- Evaluated and replaced the property insurance brokers resulting in a premium reduction of over $2M and a 50% reduction in deductibles.- Instituted a plant by plant loss control plan and tracking score card.- Trustee for the pension plan and OI’s charitable foundation.

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  NII Holdings, Inc.

  • United States
  • 200 - 300 Employee

  • Vice President & Controller

    • Oct 2008 - Jan 2010

    In 1999, a start-up Latin American cellular company owned by Nextel Communications. Went through Chapter 11 in 2002 and emerged as a stand-alone company valued at $250M. Grew rapidly to a market cap high of $14B in 2007 and currently with a market cap of $7.2B.Global responsibility for accounting and SEC filings, SOX compliance, fraud prevention and revenue assurance. Managed a headquarters staff of 23 and had dotted line responsibility for accounting operations in Mexico, Brazil, Argentina, Peru and Chile.- Streamlined and restructured the accounting organization for greater efficiency and cost savings.- Created a financial systems function to evaluate and upgrade financial applications in the global Finance organization.- Oversaw all SEC filings and adopted APB 14.- Evaluated the fraud prevention area and initiated process and system changes to increase effectiveness and reduce customer and internal fraud.- Managed relationship with external auditors.- Integrated the SOX compliance area into the Controllership organization.

  • Vice President & Treasurer

    • Nov 2002 - Oct 2008

    Global responsibility for treasury, investor relations and risk management. Managed a headquarters staff of 11 and had dotted line responsibility for treasury operations in NII’s subsidiaries.• Raised over $2.6B in the capital markets through a variety of transactions including a secondary equity offering, 4 convertible debt issues, a Mexican cross border syndicated loan and a Brazilian syndicated loan.- Reduced cost of debt from 11.62% to 5.56%. - Successfully induced the conversion of 2 convertible debt offerings.- Increased operational flexibility by paying off over $500M of secured vendor financing, thereby eliminating restrictive covenants and freeing company assets from liens.- Successfully executed a tender offer for high cost 13% bonds and eliminated a springing lien on the assets of the company.- Hedged the purchase of US dollar denominated handsets and telecommunications equipment in Mexico.- Responsible for Investor Relations upon emergence from Chapter 11 including speaking at investor conferences, preparation of investor presentations and earnings scripts, managing analysts and hiring Investor Relations personnel. - Recruited and developed a strong treasury team with integrity, a broad skill set, and cross functional capability.- Set up and executed $750M share buy-back program.

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  NII Holdings, Inc.

  • Reston, VA

  • Acting Treasurer, January 2002-November 2002; Assistant Treasurer, June 1999-January 2002

    • Jun 1999 - Jan 2002
    • Reston, VA

    - Successfully ran the Treasury department while operating under Chapter 11 despite a 50% headcount reduction.- Worked with the CEO, CFO, financial advisors and attorneys to restructure the balance sheet and convert $2.2B of unsecured debt into equity.- Transitioned cash investing and cash management from former parent company to NII Treasury with no process interruption. Negotiated terms and conditions with banks, developed bank account structure, selected and installed check printing software, developed processes and controls for new cash environment and invested cash funds.- Renegotiated vendor financing debt and restructured financial covenants.- Successfully negotiated the continuation of political risk insurance to avoid the acceleration of $200M of handset financing.- Worked with financial advisors and attorneys to safeguard the cash of the business and to fund the operations in the markets. Developed liquidity plans and forecasts under proposed capital structures.- Worked with bondholders and vendors to explain their rights and options.- Built strong relationships and good communications with market personnel.- Revised the cash forecasting and subsidiary funding process to provide better liquidity information and to reduce the process time from 10 days to 5 days.- Developed a uniform process for tracking capex dollars spent in the markets.- Negotiated loan covenants and prepared compliance packages.

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  BellSouth Corp.

  • Greater Atlanta Area

  • Senior Manager, Treasury and Operations

    • Oct 1989 - Jun 1999
    • Greater Atlanta Area

    Fortune 100 Telecommunications company now part of AT&T. Held positions of increasing responsibility in the corporate income tax, internal audit and treasury areas. Spent 10 months on international assignment in Sao Paulo, Brazil responsible for designing and setting up the treasury department for BCP, a $3.5B wireless subsidiary.

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  Arthur Andersen & Co.

  • Greater Atlanta Area

  • Staff and Senior Tax Accountant

    • Apr 1986 - Oct 1989
    • Greater Atlanta Area

    Staff and Senior tax accountant focused on tax planning and compliance for corporations in various sectors such as banking, manufacturing and real estate.

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  Staff

  • Staff Accountant

    • Oct 1982 - Apr 1986

    Staff Accountant performing general accounting functions including the preparation of financial statements and tax returns for small clients, preparation of payroll tax, general accounting.