Experience

BEDFORD TECHNOLOGY LLC

• United States
• 1 - 100 Employee

• Interim Chief Financial Officer

  • Jun 2019 - Present

  During a four month period from June 2019 until October 2019, acted as the Interim CFO of a $23 million plastic lumber manufacturer which included the transitioning of duties from the prior CFO to the hiring and training of the new CFO. Returned to the Company in December 2019 in the same role. After returning, assisted in the sale of the Company guiding the financial portion of due diligence and Quality of Earnings audit prior to the closing of the transaction. Subsequent to close, the finance team has worked towards the integration of Bedford with the acquiring company. Other responsibilities include all month end reporting and monthly financial packages sent to executive management team and private equity ownership as well as monthly presentations to that group. Enhanced and prepared bi-weekly cash flow reports and monthly compliance certificates for Bedford’s bank. During the interim period, tightened accounting controls on the month end closing process. Provided stable guidance and leadership during the transition period.



WSI Industries

• United States
• Defense and Space Manufacturing
• 1 - 100 Employee

• VP Finance & CFO

  • Sep 1998 - Feb 2019

  Experience included the following: Finance:• Twenty years of experience with SEC filings and requirements. Solely responsible for all quarterly and annual filings of the Company. • Performed all Controllership activities of WSI which included quarterly reviews and annual audits. Preparation of Quarterly Board of Director’s Meeting package. Supervision of accounts payable, accounts receivable and payroll.• All Treasury functions – negotiated and maintained deposit and line of credit banking relationship. Equipment leasing – negotiated and closed approximately $20 Million in equipment financing. Building mortgages – multiple successful building mortgage financings.• Taxes – responsible for annual filing of income tax returns (including two IRS audits) and monthly sales tax returns. Included Research & Development Tax credit project management.• Developed monthly financial package including key metrics for WSI management team.• Prepared and lead quarterly Board of Director’s Audit Committee meetings.Administrative:• Human Resources – was primary HR manager for WSI from 2002 – 2015. Supervised HR Manager 2015 – 2017. Handled all day-to-day personnel issues during that period including hiring, terminations, recruiting, disputes and investigations.• HR Benefits – Plan Administrator for the 401k, head of the 401k investment committee and responsible for the annual 401k audit. Also responsible for the annual renewal of Health, Dental and all other benefits.• IT systems – responsible for maintaining all hardware and software systems of WSI. Included being primary in-house reference person on Company ERP system. Implemented two major system upgrades in the past 10 years.

• VP Finance & CFO

  • Sep 1998 - Feb 2019

  Continued:Administrative:• Human Resources – was primary HR manager for WSI from 2002 – 2015. Supervised HR Manager 2015 – 2017. Handled all day-to-day personnel issues during that period including hiring, terminations, recruiting, disputes and investigations.• HR Benefits – Plan Administrator for the 401k, head of the 401k investment committee and responsible for the annual 401k audit. Also responsible for the annual renewal of Health, Dental and all other benefits.• IT systems – responsible for maintaining all hardware and software systems of WSI. Included being primary in-house reference person on Company ERP system. Implemented two major system upgrades in the past 10 years.• Risk Management – maintained all property, casualty, workers compensation, product recall, errors and omissions, cyber and director and officer insurance programs. Implemented safety programs that led to a 50% reduction in the state computed worker’s compensation modification factor. Negotiated insurance policies with rates that were held steady or declined even though the Company sales tripled. Acquisitions/Divestitures:• Negotiated and closed two acquisitions of privately held machining companies totaling $15 million.• Closed on a sale and divesture of a $12 million subsidiary. • Led the management team during the due diligence process with the sale of the Company to Polaris Industries. Extensive interaction with Polaris management during process responding to their requests. Involved with outside counsel to finalize and negotiate merger documents.• Polaris integration – was the principal WSI representative in the Polaris integration for all finance, IT and legal processes.



GRASEBY MEDICAL LIMITED

• United Kingdom
• Appliances, Electrical, and Electronics Manufacturing

• CFO

  • Jul 1996 - Jun 1998

  Recruited to join this newly formed $30 million subsidiary of Graseby plc, a British company that had just purchased the Infusion Therapy Division of 3M. The acquired business was a medical device manufacturer of volumetric infusion pumps and related disposable products. Directed all financial reporting, cash management, human resource and MIS operations of the firm. In the first 30 days, led the replacement of the 3M fringe benefit programs, which included the negotiation and implementation of a new 401(k) plan, health insurance program, medical reimbursement and disability plans. In April 1997, appointed Interim CEO, in addition to duties as CFO. Provided stability and leadership through the sometimes-tumultuous transition from the 3M to Graseby culture. After appointment, lead the senior management team in developing a 3-year Graseby Medical Global Strategic Plan. Graseby plc was bought out and merged with another medical device company which caused the elimination of the CFO position.