James Demitrieus
CEO at EyeLock- Claim this Profile
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Bio
Experience
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EyeLock
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Retail Luxury Goods and Jewelry
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CEO
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2010 - Present
New York, NY Elected CEO of Eyelock in 2011. EyeLock is an advanced computer vision technology solutions company focused on developing next-generation systems for global access control and cyber security. EyeLock is transforming access control and changing the way identities are protected from theft and financial fraud. EyeLock has developed a revolutionary portfolio of solutions that utilize proprietary iris biometric technologies to enable governments, businesses and consumers around the… Show more Elected CEO of Eyelock in 2011. EyeLock is an advanced computer vision technology solutions company focused on developing next-generation systems for global access control and cyber security. EyeLock is transforming access control and changing the way identities are protected from theft and financial fraud. EyeLock has developed a revolutionary portfolio of solutions that utilize proprietary iris biometric technologies to enable governments, businesses and consumers around the world to overcome the extreme challenges of identity management. Show less
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Harsco Corporation
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Environmental Services
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700 & Above Employee
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President of Sherwood Valves and Harsco GasServ Division
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2006 - 2008
Harsco Corporation (NYSE – HSC) a $ 4 Billion Industrial Services Conglomerate. Led turnaround of Sherwood, a $90 million specialty manufacturing operation producing gas valves based in Buffalo, NY with sister operations in Cleveland, OH and Pittsburgh, PA. Prior attempts were largely unsuccessful, resulting in substantial accumulated losses and the termination of several Presidents/General Managers over prior years. Breakeven profitability was restored in approximately six months… Show more Harsco Corporation (NYSE – HSC) a $ 4 Billion Industrial Services Conglomerate. Led turnaround of Sherwood, a $90 million specialty manufacturing operation producing gas valves based in Buffalo, NY with sister operations in Cleveland, OH and Pittsburgh, PA. Prior attempts were largely unsuccessful, resulting in substantial accumulated losses and the termination of several Presidents/General Managers over prior years. Breakeven profitability was restored in approximately six months by refocusing value added engineering excellence towards higher margin specialty products. Initiated domestic and China based outsourcing of commodity price driven lines and restructured sales leadership to address more sophisticated medical market applications. Led sale of Sherwood with three other portfolio companies constituting HSC’s – GasServ Division. Developed a sales strategy for this $450 million Division, reshaping product development, manufacturing efficiencies and growth potential in emerging markets. Sale to Chicago based private equity buyers closed in December 2007 despite the most challenging financing environment in many years. Show less
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Aluma Systems
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Canada
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Construction
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700 & Above Employee
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President and CEO
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2002 - 2005
Toronto, Canada Served as an independent member of Aluma’s Board of Directors in 2002, elected as CEO in 2003. Founded in 1972, Aluma grew through acquisitions to become Canada’s largest industrial provider of ‘access – industrial scaffolding and concrete forming and shoring’ services. Acquisition debt left the company overly leveraged and unable to survive as an independent company during ensuing market contractions. Led the restructure and turnaround adding $ 100 million to the revenue line reaching… Show more Served as an independent member of Aluma’s Board of Directors in 2002, elected as CEO in 2003. Founded in 1972, Aluma grew through acquisitions to become Canada’s largest industrial provider of ‘access – industrial scaffolding and concrete forming and shoring’ services. Acquisition debt left the company overly leveraged and unable to survive as an independent company during ensuing market contractions. Led the restructure and turnaround adding $ 100 million to the revenue line reaching $320 million and doubling EBITDA from $24 to $50 million in 24 months. Refocused business towards higher margin, multi-year contracts primarily in Alberta’s oil sands. Solidified market leadership across Canada and selective US markets. Doubled backlog and pipeline opportunities. Reestablished Aluma’s international presence with a major emphasis in Dubai. Strengthened Aluma’s balance sheet and access to growth capital by refinancing all senior debt with a more flexible, less costly facility led by Wells Fargo. Led the sale process to JP Morgan Partners, a prominent private equity firm. Overall value creation, approximately $100 million in about 24 months. Show less
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Frontier Communications
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Telecommunications
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700 & Above Employee
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COO
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2001 - 2002
Rochester, NY
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IPC Systems, Inc.
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United States
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Telecommunications
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700 & Above Employee
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President
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1999 - 2002
New York, NY
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IXnet
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Telecommunications
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1 - 100 Employee
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President
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1999 - 2002
New York, NY Drove the lead car in a 3 year rollercoaster, restructuring two Citi Group private equity portfolio companies. Starting with the IPO of IXnet and next generation rollout of VOIP hardware at IPC; a sale six months later to Global Crossing (NYSE –GX) for $3.8 billion and ending as COO of GX’s NA operations in Rochester, NY with Frontier Communications.
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President and CEO
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1990 - 1999
New York, NY First non Korean CEO of a major Korean based company. SK Group is a $ 40 billion conglomerate dominating petrochemicals, manufacturing and telecom services in Korea. Led comprehensive restructure of SK operations in NA and Europe. Devised growth strategies, doubling NA revenues to $1.6 billion and restored profitability. Acquired and integrated Ecoban Finance, a 40+ year old boutique international merchant bank.
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Drexel Burnham Lambert
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Investment Banking
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1 - 100 Employee
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SVP Corporate Finance/COO Commodities Trading
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1986 - 1990
Wide range of responsibility across several business groups, representing DBL on several critical risk committees and Board member of DBL Realty. COO DBL Commodity Group.
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Freeport-McMoRan
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United States
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Mining
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700 & Above Employee
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Controller and Chief Accounting Officer
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1981 - 1986
Freeport McMoRan is a $5 natural resource company.
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Engineered Products Group
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United States
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Industrial Machinery Manufacturing
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1 - 100 Employee
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Assistant to the CFO of ITT and Group Controller
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1977 - 1981
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Arthur Andersen Business Consulting
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Accounting
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1 - 100 Employee
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Senior Audit Manager
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1970 - 1977
AA’s top recruit in 1970.
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Education
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Adelphi University
Bachelor of Business Administration (BBA)