Glenn Wiltgen

Chief Financial Officer at IGD Industries
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Contact Information
us****@****om
(386) 825-5501
Location
Cedar Rapids, US

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Experience

    • United States
    • Financial Services
    • 1 - 100 Employee
    • Chief Financial Officer
      • 2010 - 2019

      Cedar Rapids, Iowa Area As CFO, responsible for all financial activities of a family owned holding company, with 10 operating subsidiaries and over 20 commercial real estate LLC’s . Operating companies include real estate management, manufacturing, distribution, construction and service industries. As senior financial officer of the company, responsible for leading strategy, acquisitions, divestures, capital investments, income tax planning and maintaining bank relations.

    • Consulting CFO
      • 2008 - 2010

      Cedar Rapids, Iowa Area Provider of part-time CFO services to emerging to mid-market size businesses from $0 to $75 million in sales. Mentor to business owners on improving their bottom line, with primary focus on increasing cash flow. Facilitator of key relationships with financial institutions and venture capital resources. Improve working capital through process improvements in receivable collections and inventory minimization. Trainer of accounting personnel to improve timeliness and accuracy of financial… Show more Provider of part-time CFO services to emerging to mid-market size businesses from $0 to $75 million in sales. Mentor to business owners on improving their bottom line, with primary focus on increasing cash flow. Facilitator of key relationships with financial institutions and venture capital resources. Improve working capital through process improvements in receivable collections and inventory minimization. Trainer of accounting personnel to improve timeliness and accuracy of financial statements. Developer of budgets, long-term plans and short term strategies for business owners. Show less

    • Chief Financial Officer
      • 2006 - 2008

      Glenn served as financial officer, secretary / treasurer of the company, overseeing all administrative operations, including finance, human resources, information technology and inventory management. He maintained a confidant relationship with CEO, including the execution of special projects and communications with outside board of directors and banking institutions. He was the researcher of acquisition targets, communicator with prospective owners / senior management, financial evaluations… Show more Glenn served as financial officer, secretary / treasurer of the company, overseeing all administrative operations, including finance, human resources, information technology and inventory management. He maintained a confidant relationship with CEO, including the execution of special projects and communications with outside board of directors and banking institutions. He was the researcher of acquisition targets, communicator with prospective owners / senior management, financial evaluations, negotiation of purchase agreements, due diligence review and transaction closings.Glenn was responsible for the company’s risk management program. He oversaw human resource management, including recruitment of new talent, staff development, while administering ESOP, employee benefits programs, incentive compensation and non-qualified plans for executives. Show less

    • United States
    • Computer Hardware Manufacturing
    • 100 - 200 Employee
    • Vice President of Finance
      • 2004 - 2006

      Crystal Group, Inc. – Specialized Computer Server Manufacturer Glenn designed and launched the first activity-based cost accounting system (ABC), successfully integrating the new system with the company’s ERP software system. He managed a troubled debt load from a bank work-out group to a local asset-based lender. Glenn improved overall monthly closing procedures and processes that reduced the number of days to prepare financial statements from 20 to 5 days. He successfully reduced… Show more Crystal Group, Inc. – Specialized Computer Server Manufacturer Glenn designed and launched the first activity-based cost accounting system (ABC), successfully integrating the new system with the company’s ERP software system. He managed a troubled debt load from a bank work-out group to a local asset-based lender. Glenn improved overall monthly closing procedures and processes that reduced the number of days to prepare financial statements from 20 to 5 days. He successfully reduced annual 401(k) administration fees by transferring the company’s plan to a third party service provider, which also resulted in improved service to plan participants. Show less

    • United States
    • Pharmaceutical Manufacturing
    • 700 & Above Employee
    • Vice President Controller, Division Controller
      • 1992 - 2004

      Glenn was a divisional controller for Cambrex Charles City responsible for a manufacturer of pharmaceuticals, within a publicly-owned company. He was an integral member of the top management team that grew the company organically from $20 to $60 million. Glenn developed the entire finance & IT infrastructure from the “ground floor up”. He established cash management systems, the annual budgeting process, product costing methodology and credit management process. He secured corporate funds for… Show more Glenn was a divisional controller for Cambrex Charles City responsible for a manufacturer of pharmaceuticals, within a publicly-owned company. He was an integral member of the top management team that grew the company organically from $20 to $60 million. Glenn developed the entire finance & IT infrastructure from the “ground floor up”. He established cash management systems, the annual budgeting process, product costing methodology and credit management process. He secured corporate funds for over $70 million in capital investments to fund the company’s aggressive growth. Glenn achieved a record of incurring “zero” bad debts in credit management over a 10-year span, and consistently maintained the aging of receivables to less than 40 days. He developed processes and procedures that reduced the number of days to prepare financial statements from 20 to 5 days. Glenn designed and launched the company’s activity-based cost accounting system. Show less

    • United States
    • Accounting
    • 700 & Above Employee
    • Audit Manager
      • 1978 - 1985

      Glenn started his career as a CPA for McGladrey & Pullen, LLP, where he advanced to the level of General Service Audit Manager. He was responsible for a number of client audit and tax engagements. Glenn accepted his first CFO position for a client that was a closely-held family business. He was instrumental in growing the company from $7 million to $30 million, which led to the sale of the family business to a Fortune 250 company.

Education

  • University of Northern Iowa
    BA, Accounting
    1974 - 1979
  • University of Northern Iowa

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