Tony Yu

Chief Operations Officer and Director of Board at Trans-Lux Corporation
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Thousand Oaks, California, United States, US

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Experience

    • United States
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Chief Operations Officer and Director of Board
      • Sep 2019 - Present
    • United States
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • CFO and COO
      • Sep 2018 - Present
    • China
    • Events Services
    • 1 - 100 Employee
    • Financial Director
      • Sep 2018 - Present
    • Technology, Information and Internet
    • 1 - 100 Employee
    • Chief Financial Officer
      • 2013 - 2018

      Provides executive-level leadership while planning, directing, organizing, and synchronizing the financial functions of the Institution in accordance with financial/accounting principles. Develops financial strategies by forecasting capital, projecting acquisition prospects, identifying opportunities for augmentation, systems enhancement, and cost reduction. Appraises all accounting records to ensure compliance with GAAP, International Accounting Standards (IAS), and Chinese Accounting… Show more Provides executive-level leadership while planning, directing, organizing, and synchronizing the financial functions of the Institution in accordance with financial/accounting principles. Develops financial strategies by forecasting capital, projecting acquisition prospects, identifying opportunities for augmentation, systems enhancement, and cost reduction. Appraises all accounting records to ensure compliance with GAAP, International Accounting Standards (IAS), and Chinese Accounting Standards (CAS). • Conceptualized and presented business and financial forecasts to Venture Capitals, Private Equities, and other investors resulting in the acquisition of additional capital necessary to support and promote company growth. • Designated as Board Secretary and CFO to parent company located in China. • Contributed invaluable consultation in the successful listing of Lover Group on the Chinese market. • Introduced strategic and tactical action plans to increase revenues and leverage existing utilization to surpass all current industry standards. Show less Provides executive-level leadership while planning, directing, organizing, and synchronizing the financial functions of the Institution in accordance with financial/accounting principles. Develops financial strategies by forecasting capital, projecting acquisition prospects, identifying opportunities for augmentation, systems enhancement, and cost reduction. Appraises all accounting records to ensure compliance with GAAP, International Accounting Standards (IAS), and Chinese Accounting… Show more Provides executive-level leadership while planning, directing, organizing, and synchronizing the financial functions of the Institution in accordance with financial/accounting principles. Develops financial strategies by forecasting capital, projecting acquisition prospects, identifying opportunities for augmentation, systems enhancement, and cost reduction. Appraises all accounting records to ensure compliance with GAAP, International Accounting Standards (IAS), and Chinese Accounting Standards (CAS). • Conceptualized and presented business and financial forecasts to Venture Capitals, Private Equities, and other investors resulting in the acquisition of additional capital necessary to support and promote company growth. • Designated as Board Secretary and CFO to parent company located in China. • Contributed invaluable consultation in the successful listing of Lover Group on the Chinese market. • Introduced strategic and tactical action plans to increase revenues and leverage existing utilization to surpass all current industry standards. Show less

    • France
    • Industrial Machinery Manufacturing
    • 1 - 100 Employee
    • Financial Director, Fedders
      • Nov 2006 - 2012

      - Airwell Fedders North America Planned accounting and finance goals in alignment with company mission and objectives. Oversaw accounting system policies and procedures, internal controls, and provided financial/productivity reporting and analysis. Designed departmental budgets and oversaw accounting integration within the organization. Issued timely and complete financial statements including analysis of trends/fluctuations, strategic business plans, monthly operational forecasts… Show more - Airwell Fedders North America Planned accounting and finance goals in alignment with company mission and objectives. Oversaw accounting system policies and procedures, internal controls, and provided financial/productivity reporting and analysis. Designed departmental budgets and oversaw accounting integration within the organization. Issued timely and complete financial statements including analysis of trends/fluctuations, strategic business plans, monthly operational forecasts, and annual budgets. • Initiated project integration efforts in the acquisition to penetrate the U.S. market. • Negotiated a borrowing capacity of 10 million USD which provided viable resources for growth. • Streamlined inventory turnover processes and reduced more than 50% of SG&A through effective information and warehouse management. - Electra Argentina • Devised strategy that averted financial crisis and ceased management turmoil. • Directed major restructuring efforts to transform company which led to the successful sale of 80 percent equity with profit. - Airwell China Developed financial and operational policies and procedures. Prepared financial projections and models of operations. Researched and extensively analyzed influential factors on business performance. Effectively managed capital investment projects, business risks, credit risks, liquidity risks, and interests risks through hedging, insurances, and internal controls. Actively participated and influenced long-term strategic decisions. Enhanced capabilities by 70 percent through the introduction of Business Process Reengineering and cost reduction programs. • Constructed feasibility and profitability analysis of spin off leading to the relocation of the entire organization. • Engineered an increase in sales growth from 100 million USD to 150 million USD with three years. • Improved EBIT from a 2 million USD loss to a 12 million USD gain within one year. Show less - Airwell Fedders North America Planned accounting and finance goals in alignment with company mission and objectives. Oversaw accounting system policies and procedures, internal controls, and provided financial/productivity reporting and analysis. Designed departmental budgets and oversaw accounting integration within the organization. Issued timely and complete financial statements including analysis of trends/fluctuations, strategic business plans, monthly operational forecasts… Show more - Airwell Fedders North America Planned accounting and finance goals in alignment with company mission and objectives. Oversaw accounting system policies and procedures, internal controls, and provided financial/productivity reporting and analysis. Designed departmental budgets and oversaw accounting integration within the organization. Issued timely and complete financial statements including analysis of trends/fluctuations, strategic business plans, monthly operational forecasts, and annual budgets. • Initiated project integration efforts in the acquisition to penetrate the U.S. market. • Negotiated a borrowing capacity of 10 million USD which provided viable resources for growth. • Streamlined inventory turnover processes and reduced more than 50% of SG&A through effective information and warehouse management. - Electra Argentina • Devised strategy that averted financial crisis and ceased management turmoil. • Directed major restructuring efforts to transform company which led to the successful sale of 80 percent equity with profit. - Airwell China Developed financial and operational policies and procedures. Prepared financial projections and models of operations. Researched and extensively analyzed influential factors on business performance. Effectively managed capital investment projects, business risks, credit risks, liquidity risks, and interests risks through hedging, insurances, and internal controls. Actively participated and influenced long-term strategic decisions. Enhanced capabilities by 70 percent through the introduction of Business Process Reengineering and cost reduction programs. • Constructed feasibility and profitability analysis of spin off leading to the relocation of the entire organization. • Engineered an increase in sales growth from 100 million USD to 150 million USD with three years. • Improved EBIT from a 2 million USD loss to a 12 million USD gain within one year. Show less

    • United States
    • Wellness and Fitness Services
    • Controller
      • May 2005 - Nov 2006

      Achievements: • Built up Financial team, Human Resource Team and IT team • Implemented financial policies, procedures to ensure compliance with Eaton Financial Policies • Prepared financial statements to comply with GAAP requirements • Led a team to set up internal controls and launched SOX • Participated in the preparation of important tenders • Coordinated partners and organized board of directors’ meeting Achievements: • Built up Financial team, Human Resource Team and IT team • Implemented financial policies, procedures to ensure compliance with Eaton Financial Policies • Prepared financial statements to comply with GAAP requirements • Led a team to set up internal controls and launched SOX • Participated in the preparation of important tenders • Coordinated partners and organized board of directors’ meeting

    • United States
    • Chemical Manufacturing
    • 1 - 100 Employee
    • Financial Controller, BOSTIK
      • Jul 1998 - May 2005

      • Built a strong and lean team to manage financial, accounting and IT functions • Explored and built up a business model in China for free trading activities • Successfully built credit line with banks and controlled cash flow with prudent • Led implementation of enterprise wide Scala/ EPICOR ERP system, which facilitates information’s efficiency and effectiveness. • Involved in the business development and acquisition in China • Built a strong and lean team to manage financial, accounting and IT functions • Explored and built up a business model in China for free trading activities • Successfully built credit line with banks and controlled cash flow with prudent • Led implementation of enterprise wide Scala/ EPICOR ERP system, which facilitates information’s efficiency and effectiveness. • Involved in the business development and acquisition in China

    • Assistant Financial Controller
      • Jun 1997 - Jun 1998

      • Led and supervised accounting team to finish bookkeeping activities • Led preparation of financial statements • Monitored cash flows and effectively managed financial resources • Implemented the MRP program to optimize labor and material resource • Led and supervised accounting team to finish bookkeeping activities • Led preparation of financial statements • Monitored cash flows and effectively managed financial resources • Implemented the MRP program to optimize labor and material resource

    • United States
    • Manufacturing
    • 1 - 100 Employee
    • Accounting Supervisor
      • Jul 1995 - Jul 1997

      • Built a Finance and Accounting team • Developed financial policies and internal control procedures • Prepared GAAP adjustments • Built a Finance and Accounting team • Developed financial policies and internal control procedures • Prepared GAAP adjustments

    • China
    • Retail Luxury Goods and Jewelry
    • 1 - 100 Employee
    • Accounting Clerk
      • Jul 1994 - Jun 1995

Education

  • University of Minnesota - Carlson School of Management
    Master, Business and Administration
    2002 - 2004
  • Beijing Technology and Business University
    1992 - 1994

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