Donald Retreage, Jr. -CFO

Chief Financial Officer at AutoPayPlus
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Contact Information
us****@****om
(386) 825-5501
Location
Orlando, US

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Experience

    • United States
    • Financial Services
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jul 2023 - Present

      Orlando, Florida, United States A Personal Financial Management Service AutoPayPlus (APP) is a Company that helps everyday people improve their financial lives. Utilizing proprietary technology that simplifies and automates financial well-being, AutoPayPlus has helped more than 300,000 people over the past 20 years. Value-added services include vehicle valuation from Kelley Blue Book and vehicle recall and service maintenance alerts; the ability to enroll other household debts; and a free financial toolkit that… Show more A Personal Financial Management Service AutoPayPlus (APP) is a Company that helps everyday people improve their financial lives. Utilizing proprietary technology that simplifies and automates financial well-being, AutoPayPlus has helped more than 300,000 people over the past 20 years. Value-added services include vehicle valuation from Kelley Blue Book and vehicle recall and service maintenance alerts; the ability to enroll other household debts; and a free financial toolkit that includes a monthly VantageScore® 3.0 credit score with trending from TransUnion®, and credit monitoring and instant alerts from TransUnion® to help prevent identity theft Show less

    • United States
    • Executive Offices
    • 1 - 100 Employee
    • Partner
      • Oct 2021 - Present

      Orlando, Florida, United States A partnership of Chief Financial Officers (CFO) providing fractional (part-time) and interim CFO services. Founded in 2010, the Florida CFO Group provides part-time and interim CFO services to Florida’s growth companies. This includes assisting in raising funds, mergers and acquisitions, recapitalization, exit and succession planning, and structuring to meet ongoing opportunities. Our approach to client service includes two core guiding principles. First, we implement our CFO services to… Show more A partnership of Chief Financial Officers (CFO) providing fractional (part-time) and interim CFO services. Founded in 2010, the Florida CFO Group provides part-time and interim CFO services to Florida’s growth companies. This includes assisting in raising funds, mergers and acquisitions, recapitalization, exit and succession planning, and structuring to meet ongoing opportunities. Our approach to client service includes two core guiding principles. First, we implement our CFO services to leverage our client’s full-time permanent accounting and finance staff whenever possible. Secondly, we believe in a proactive approach to the CFO function and the financial leadership of our client’s executive management team. Show less

    • United States
    • Telecommunications
    • 1 - 100 Employee
    • Chief Financial Officer (CFO) & Senior Vice President (SVP)
      • 2018 - Aug 2021

      Orlando, FL 32826 LightPath Technologies (NASDAQ: LPTH) is a global leader in optics, infrared, & photonics manufacturing and solutions, with $50M revenue. As corporate CFO, I drove finance and accounting strategies for domestic and international (China and Latvia) operations. Partnering with the CEO, I transformed strategic direction to reinvigorate stalled growth and improve global marketplace positioning across diverse verticals, including commercial, industrial, telecommunications, defense, space, testing &… Show more LightPath Technologies (NASDAQ: LPTH) is a global leader in optics, infrared, & photonics manufacturing and solutions, with $50M revenue. As corporate CFO, I drove finance and accounting strategies for domestic and international (China and Latvia) operations. Partnering with the CEO, I transformed strategic direction to reinvigorate stalled growth and improve global marketplace positioning across diverse verticals, including commercial, industrial, telecommunications, defense, space, testing & measurement, and medical. In this role, I also prepared board presentations and mentored 23 direct & indirect reports. THIS POSITION ENDED AUG 2021. ✔ Galvanized innovation by establishing term limits for board of directors, ensuring growth focus and fresh ideas. ✔ Delivered financial turnaround, saving millions annually, by repositioning cash flow, relocating operations from New York to Orlando, implementing ERP system, & reorganizing finance department. ✔ Lowered interest payments and negotiated additional 8-figure secured credit to fund future M&A transactions and strategic initiatives, by cultivating new banking relationships. ✔ Increased employee satisfaction survey score 17.6% by driving employee engagement initiative. ✔ Explored business development opportunities related to M&A and advised executive team and board. Show less

    • Truck Transportation
    • 1 - 100 Employee
    • Chief Financial Officer (CFO) & Senior Vice President (SVP)
      • 2017 - 2018

      Charlotte, North Carolina, United States I was recruited as a business turnaround specialist for a 1-year contract to perform a comprehensive needs analysis and create action plans to improve company performance and employee engagement. I also diagnosed issues related to management behaviors and drove change management. ✔ Turned around underperforming business & established viability, resulting in successful sale of company. ✔ Realized 16% growth within 11 months, increased net income 14%, and boosted cash flow 23%.

    • United States
    • Business Consulting and Services
    • 1 - 100 Employee
    • Senior Business Consultant
      • 2016 - 2017

      Buffalo Grove, Illinois, United States This was a consulting role advising the owners and leaders of small to midsize businesses in distress. During the 2- to 4-week engagements, I conducted reviews of financial systems and balance sheets, income statements, and cash flow management; delivered turnaround strategies; and coached business leaders on business best practices. ✔ Delivered profitable transformations for 6 SMB clients.

    • United States
    • Executive Offices
    • 100 - 200 Employee
    • Financial Director (Country CFO) & Managing Director – (SOMC)
      • 2007 - 2015

      Freetown, Sierra Leone With this promotion, I reported directly to the Corporate CEO and CFO to oversee finance & accounting for the SOMC division, which focused on milling and animal feed across 85+ US and international branches. Concurrently, I also managed the growth strategy and corporate operations for West Africa. Here, I managed a team of 18 direct reports and a $32M P&L for Sierra Leone. ✔ Launched startups in The Gambia and added 8 new branches in Kenya (300% growth). Led market analysis, identified… Show more With this promotion, I reported directly to the Corporate CEO and CFO to oversee finance & accounting for the SOMC division, which focused on milling and animal feed across 85+ US and international branches. Concurrently, I also managed the growth strategy and corporate operations for West Africa. Here, I managed a team of 18 direct reports and a $32M P&L for Sierra Leone. ✔ Launched startups in The Gambia and added 8 new branches in Kenya (300% growth). Led market analysis, identified locations, established financials, and built & staffed new factories. ✔ Actively explored business development opportunities as the Africa-based senior executive. Partnered with branch managers to establish growth strategy and new branches, improve processes, and optimize revenue. ✔ Saved $1.4M annually by renegotiating supply chain agreements with intercompany and external vendors. ✔ Implemented Navision ERP software. KENYA: $55M revenue, 18 accounting staff, 420 employees ANGOLA: $55M revenue, 415 employees NIGERIA: $45M revenue, 10 accounting staff, 425 employees GHANA: $30M revenue, 8 accounting staff, 246 employees MOZAMBIQUE: $30M revenue, 385 employees SIERRA LEONE: $32M revenue, 382 employees THE GAMBIA: $26M revenue, 6 accounting staff, 218 employees

    • Financial Director (Country CFO) & Managing Director – Mozambique (SOMC)
      • 2005 - 2015

      Beira, Sofala, Mozambique When word of my success in Angola spread, I was asked to relocate to Mozambique to replicate my efforts. I also cultivated relationships with labor unions to prevent/mitigate business barriers. ✔ Transformed Mozambique & Kenya branches and reestablished profitability. ✔ Reversed 5-year $400K annual losses in Mozambique, resulting in successful sale of business. Participated in M&A due diligence.

    • Financial Director (Country CFO) – Angola (SOMC)
      • 2002 - 2005

      Luanda, Angola In this expat assignment based in Angola, I spearheaded the company’s international growth in Africa by introducing Kaizen, reorganizing and upgrading local talent, improving financial controls, and implementing financial software. I did this by first earning the trust of local leaders to facilitate change management. ✔ Improved profit $700K within 9 months by renegotiating supply chain contracts to yield better returns for raw materials. ✔ Achieved $30M (2%) turnover savings by… Show more In this expat assignment based in Angola, I spearheaded the company’s international growth in Africa by introducing Kaizen, reorganizing and upgrading local talent, improving financial controls, and implementing financial software. I did this by first earning the trust of local leaders to facilitate change management. ✔ Improved profit $700K within 9 months by renegotiating supply chain contracts to yield better returns for raw materials. ✔ Achieved $30M (2%) turnover savings by securing local government assistance with tax and port cost holidays, which ultimately heightened shareholder confidence in the company’s market sustainability. ✔ Cut costs by 22% by managing raw materials procurement and bolstering extraction efficiency rate from 73.2% to 74.6%, reducing daily manufacturing time by 2.5 hours. ✔ Reduced monthly close from 60 days to 20 days by instituting US GAAP (vs. just IFRS) reporting locally. ✔ Cut labor costs 35% and financial reporting time 60% (45 to 18 days) by automating corporate accounting system and converting to a more efficient ERP system.

    • Germany
    • Food and Beverage Services
    • 300 - 400 Employee
    • Interim CEO/President – Eurest Support Services
      • 2001 - 2002

      Lafayette, Louisiana, United States This was a 12-month contract as Interim CEO/President of Eurest Support Services, a $30M division of Compass Group. My objective was to transform a division with 80 jobsites serving oil rigs, schools, mineral mines, and prisons. I collaborated with a team of 5 senior executives and 185 operations staff to identify root causes of performance issues and developed and executed comprehensive turnaround strategy. ✔ Turned around operations from a loss to $400K profit and delivered $3.5M sales… Show more This was a 12-month contract as Interim CEO/President of Eurest Support Services, a $30M division of Compass Group. My objective was to transform a division with 80 jobsites serving oil rigs, schools, mineral mines, and prisons. I collaborated with a team of 5 senior executives and 185 operations staff to identify root causes of performance issues and developed and executed comprehensive turnaround strategy. ✔ Turned around operations from a loss to $400K profit and delivered $3.5M sales by restructuring entire organization, updating the ERP system, securing contract extensions and expansions, and negotiating a $1M major oil company contract – all within 9 months. ✔ Increased quarterly revenues by 9%, gross margins by 1%, and net profits by 12%. ✔ Reduced employee turnover by 23%, while reducing SG&A by 2%, by instituting retention programs, performance improvement programs, and a client-business partner satisfaction committee. Show less

    • France
    • Facilities Services
    • 700 & Above Employee
    • Vice President International Operations - Universal Ogden Services
      • 1990 - 2001

      LatAm | Caribbean | Bosnia & Herzegovina, Kosovo, Haiti & Somalia | GITMO After building Universal Ogden Services’ International Operations, I was promoted to VP to continue aggressive global expansion. I managed a $118M P&L and oversaw 16 international branches providing food and logistics services for O&G, refineries, mining, construction, and DoD/military sites, including Guantanamo Bay, Haiti, Trinidad, USVI, Brazil, Chile, Colombia, Mexico, Peru, Venezuela (22 sites), and conflict zones Somalia, Bosnia & Herzegovina, and Kosovo. Concurrently, I continued to… Show more After building Universal Ogden Services’ International Operations, I was promoted to VP to continue aggressive global expansion. I managed a $118M P&L and oversaw 16 international branches providing food and logistics services for O&G, refineries, mining, construction, and DoD/military sites, including Guantanamo Bay, Haiti, Trinidad, USVI, Brazil, Chile, Colombia, Mexico, Peru, Venezuela (22 sites), and conflict zones Somalia, Bosnia & Herzegovina, and Kosovo. Concurrently, I continued to serve as Corporate Controller for all the branches, navigating unique country regulations and cultures. ✔ Launched international operations and expanded company footprint beyond Gulf of Mexico and Alaska to 30 new startup offices worldwide. Built local business infrastructure and teams. ✔ Positioned company for acquisition by Sodexo in 2001 by propelling revenue 195.6%. Further increased valuation by driving business development and securing ongoing multi-year contracts. ✔ Implemented ERP systems JD Edwards & Peachtree, and designed proprietary job costing software program. ✔ Achieved 60% market share in Venezuela and 8-figure monthly revenue by growing oil & gas contracts. ✔ Grew Brazil to 35% market share. ✔ Uncovered $22M in new market opportunities by spearheading expansion to US military operations, partnering with defense contractor Kellogg Brown & Root (KBR).

    • Corporate Controller – Universal Ogden Services
      • 1992 - 1993

      Harahan, Louisiana, United States Universal Ogden Services was a $19.3B global remote-site services leader, which was acquired by Sodexho in 2001 and rebranded as Sodexo (Euronext: SW). In a dual role, I served as Corporate Controller, ensuring timely and accurate consolidated financial reporting, while also standing up the company’s international operations. ✔ Grew business more than 30% by establishing presence in various international geographical locations. ✔ Spearheaded implementation of ERP system Navision… Show more Universal Ogden Services was a $19.3B global remote-site services leader, which was acquired by Sodexho in 2001 and rebranded as Sodexo (Euronext: SW). In a dual role, I served as Corporate Controller, ensuring timely and accurate consolidated financial reporting, while also standing up the company’s international operations. ✔ Grew business more than 30% by establishing presence in various international geographical locations. ✔ Spearheaded implementation of ERP system Navision (now Microsoft Dynamics NAV), designing a custom job costing program unique to the industry. ✔ Minimized exposure to exchange rate fluctuations by effectively managing currency remeasurement and maintaining low cash balances on the books, and in local currency. ✔ Implemented strategies to circumnavigate local taxes and reduced losses from currency translations by paying parent company for supplies and management fees, under GAAP and IFRS rules. ✔ Reduced food cost by 2% and administrative labor by 3.5% by introducing accurate expense monitoring systems.

Education

  • University of Louisiana at Lafayette
    Bachelor’s Degree, Bachelor of Science in Business Administration, Accounting & Finance

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