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Steve 'Pete' Petersen, seasoned finance expert, brings over 30 years of experience in accounting, financial management, and leadership to the table. As a self-employed consultant in Ventura, CA, he has successfully managed financial affairs for various clients, including Keauhou Kona Construction Corp, where he increased sales by over 100% and established a multi-million dollar revolving credit line. His tenure as CFO at Hamakua Sugar Company, Inc. and Lost Arrow Corporation / Patagonia Clothing showcased his ability to turn around troubled departments, improve profitability, and drive explosive growth. Petersen holds a BS in Accounting from California Polytechnic State University-San Luis Obispo and is fluent in financial analysis, budgeting, and auditing.

Experience

    • Owner
      • Apr 2014 - Present
      • Ventura, CA

      Relocated to Ventura, CA. Self employed consulting including construction accounting, business startup, bookkeeping, taxes.

    • CFO
      • Jan 1998 - Apr 2014

      Manage all financial and accounting affairs for this growing residential and commercial construction company including cash management, financial statements, financial analysis, tax reporting, and internal controls. Monitor financial performance and report directly to the owner. • Established streamlined accounting and reporting systems to keep pace with a more than 100% increase in sales in just two years, to current $40 million+.• Initiated contact and developed constructive dialogue with local banks; negotiated a multi-million dollar revolving credit line with flexible terms to fund company expansion.• Revamped and upgraded the company’s computer system to enhance performance and capabilities and manage the company network.• Created proforma for $600mil Palamanui land development, including 1,116 residential units, 77 business park parcels, and a town center including a hotel, supermarket, gas station, and 100,000 sf of retail space. Negotiated and obtained financing.

    • CFO / Assistant to Trustee
      • Jul 1993 - Jun 1998

      Initially hired to serve as CFO with an expansive scope of responsibilities covering financial affairs, operations, and human resources for this $40 million sugar company with 400 union personnel and 50 non-union managers. Challenged to improve profitability and ensure maximum payout to creditors. Retained as Assistant to the Bankruptcy Trustee and played a key role in bankruptcy liquidation planning and execution.• Turned around personnel problems and animosity resulting from previous mismanagement, using a leadership style that encouraged open communication and mutual trust and respect.• Created a sophisticated yet simple and informative monthly reporting system that effectively illuminated the company’s financial standing for creditors.• Surpassed all financial performance expectations, transforming an expected final harvest loss into a $4 million profit through aggressive cost cutting measures.

    • CFO
      • Jul 1978 - Jun 1987

      Advanced through a series of performance based promotions with this rapid growth manufacturer, wholesaler, and retailer of outdoor clothing and mountain climbing equipment (Chouinard Equipment, Patagonia Clothing, and Great Pacific Iron Works). Based on proven turnaround expertise, assigned increasing responsibilities and constantly challenged to improve efficiency, productivity, revenues, and profits of troubled departments.• Played an integral role in establishing the foundation that empowered the company to achieve explosive 3400% growth in revenues, from $2 million to $70 million.• Collaborated directly with the owners in strategic business planning and assisted with operations management in addition to CFO responsibilities. • Managed more than 100 employees in the areas of accounting, finance, credit, data processing, domestic and foreign production, quality control, distribution, legal, and insurance departments.• Analyzed existing policies and procedures and developed improvements that optimized inter-departmental interaction and communication and substantially improved productivity.• Recognized a critical need and negotiated real estate acquisitions that enabled the ramping up of manufacturing and distribution operations to keep pace with market demands.• Created standardized accounting and financial systems from the ground floor; built capabilities for accurate forecasting and performance tracking and analysis.• Interfaced with staff on a daily basis; built a team-based work atmosphere through a flexible yet results-oriented leadership style that encouraged cooperation to attain common objectives.

Education

  • 1973 - 1976
    California Polytechnic State University-San Luis Obispo
    BS, Accounting

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Industry Focus. “Accounting and Auditing”

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