Experience

LifeMed Alaska
• United States
• Hospitals and Health Care
• 1 - 100 Employee
• Chief Financial Officer

  • Apr 2023 - Present

Daylight Transport
• United States
• Truck Transportation
• 200 - 300 Employee
• Board Member

  • Mar 2023 - Present


GLS

• United States
• Architecture and Planning
• 1 - 100 Employee

• Chief Financial Officer

  • May 2022 - Oct 2022

  Leader of all finance activities including business planning, budgeting, forecasting, cash management, negotiations, and internal control environment. Managed the finance and accounting teams, as well as the other teams providing back-office support functions. Key Contributions • Provided leadership, direction and management of the US group finance and accounting teams. Manage all aspects of accounting including the monthly financial close, internal reporting process, and timely preparation of financial statements • Key contributor supporting the senior leadership team providing accurate financials supporting informed business guidance • Implemented weekly flash process with key metrics and visibility for leadership to support financial, productivity, and operational improvements Show less



TOTE Maritime

• United States
• Truck Transportation
• 100 - 200 Employee

• Vice President Finance

  • Jul 2018 - May 2022

  Managed finance organization with 28 team members. Actively reviewed data to areas for continuous improvement while collaborating across functions to drive success and support the risk and control environment. Applied high-quality communication to liaise between finance and internal/external auditors. Collaborated with executive leadership on financial policy development, implementation, and training. Evaluated IT initiatives and business intelligence prioritization while serving as continuous improvement champion, with a focus on culture development. Key Contributions • Successfully developed and implemented an innovative continuous improvement program, trained, and educated team on new processes; achieved 100% participation across the finance department. • Preserved key performance indicators (KPIs) for the Credit and Collections; improved Days Sales Outstanding KPI by 7%, reducing Net Working Capital Requirements by $2M annually. • Effectively reduced bad debt write-offs by 25% by ensuring diligent management of customer credit. Show less



Interstate Distributor Co.

• United States
• 1 - 100 Employee

• Chief Financial Officer

  • Jan 2017 - Jul 2017

  Responsibilities for this Pacific Northwest privately owned transportation company include both financial and IT areas, including finance, financial analysis, accounting, billing and collections, equipment financing, banking relationships, applications support, IT help desk support, strategic planning, mergers and acquisitions, and financial reporting. Lead the sell side acquisition to completion. Fiduciary responsibility for the retirement plan. • Accomplished creative re-organization with reduced staff through better processes and eliminating non-value add activities resulting in a 10% reduction in expenses. • Key role in sale of the company by providing data and modeling to M&A advisor for marketing materials as well as data room. • Primary Financial Officer for due diligence including auditor relationship for both company auditors as well as acquirers’ auditors. • Direct the accounting function and team including policy and process development, month-end close process, accounting operations, and financial reporting. • Maintained and monitored an effective system of internal accounting and financial reporting controls. • Continuous focus on improving policies, processes, procedures, and systems. Show less



XPO Logistics (Formerly Con-way Truckload)

• Vice President Finance

  • Nov 2009 - Aug 2016

  Executive Team member and officer of a Fortune 500 Company. Lead the strategy, long-range goals, plans and policies of the entire Finance department. Six direct reports and 80 indirect reports. Responsible for $550 million budget, public financial reporting and Sarbanes Oxley compliance. Fiduciary responsibility for the enterprise pension, retirement, and self-insured health plans. Plan, develop, organize, implement, direct, evaluate and report on company performance. • Lead the Finance and Administration group through culture change to collaboration and relationship building across all levels of the organization with continuous improvement of accounting and financial processes to achieve best practices and optimal output. • Initiated and utilized LEAN principles for the Finance department. • Through attrition, and creative re-organization reduced staff through better processes and eliminating non-value add activities resulting in a 17% reduction in expenses. • Through revenue equipment purchase and transparent competitive negotiations, saved the organization up to $3 million dollars of capital expenditures annually. • Negotiated sales of multiple excess real estate resulting in gains of $3 million. Accolades “Derek would be on my short list of people I’d want on my team. He’s an extremely hard worker. His integrity is beyond reproach, and he gets things done. Not many CFO’s are as broad thinking and results driven as Derek.” -- Herbert J. Schmidt, President, Con-way Truckload, (Retired) Show less



Con-way, Inc

• United States
• Truck Transportation

• Senior Finance Manager

  • Sep 2007 - Nov 2009

  Integrated a team of Financial Analysts and Accountants after Merger and Acquisition (M & A). Lead, coordinate, mentor and oversee their activities and practices. Create and execute high-level project for financial integration. Liaison between acquired organization and Con-way to facilitate merger of financial business units. • Managed the financial integration and the accounting requirements of the CFI Truckload merger & acquisition including compliance with Sarbanes-Oxley.• Technical Liaison and advisor for merger of Finance applications (Lawson, Oracle, PeopleSoft). Show less

• Controller

  • Jan 2005 - Sep 2007

  Financial advisor to the President and Executive Directors on all financial matters relating to accounting, budgeting, forecasting, fixed assets and any other matter with financial impacts for the start-up Truckload division. Execute start-up business plan for Truckload start-up, and responsible for annual plan budgets and forecasts. P & L responsibility of $45 million. Three direct reports; leveraged shared services to fully execute plan. Primary contact for both internal and external auditors. • Key player in implementation of technology-based management tools. • Successfully executed plan and profitable in 4th month of operation. Show less

• Management Accounting Manager

  • Jan 1999 - Dec 2004

  Direct and coordinate monthly management accounting processes for Con-way Transportation Services (CTS). Supervise CTS accounting staff (2 departments and 12 staff). Monitor monthly book closing and accurately publish financial & statistical reports from Income & Expense and Maintenance Accounting for over 300 operating locations in the U.S. Managed or performed variance analysis and reconciliations including shop and fuel inventory for Con-way’s largest operation component with over $3 billion in revenue and over 300 operating locations. • Lead on Oracle implementation: Consult with implementation specialist to create management accounting reports for 300+ locations. Show less