Andrew Almquist

Andrew Almquist Email and Phone Number

Chief Financial Officer @ Winston Flowers
Boston, MA, US
Andrew Almquist's Location
Greater Boston, United States
About Andrew Almquist

A seasoned financial executive with an exceptional career record of producing meaningful results, I bring a wealth of expertise in navigating the intricacies of financial operations across diverse industries. Starting my professional journey in grocery store operations, I cultivated a profound understanding of operational challenges, instilling a strategic perspective that continues to shape my leadership philosophy.Throughout my career I have demonstrated an ability to lead and motivate teams by fostering exceptional communications and establishing a culture of trust, particularly those traditionally labeled as challenges. By fostering an environment of respect and empowerment, I have successfully transformed attitudes and identified untapped talent, resulting in substantial contributions to organizational success.My passion lies in motivating individuals to reach their full potential, coupled with a commitment to cultivating positive relationships—integral components for effective problem-solving and successful change leadership. With a record of financial leadership in private equity and family-owned businesses within the retail and wholesale distribution sectors, I possess a nuanced understanding that transcends industry boundaries, encompassing grocery, restaurant/hospitality, and sporting goods.In my recent role as CFO/ SVP at Alex Lee, I identified a critical gap in the acquisition integration strategy and, leveraging my extensive network and change management acumen, established an Enterprise Project Management Office. This strategic move facilitated the seamless integration of four companies, doubling the organization's revenue from $2B to $4B.Beyond the boardroom, I am an avid reader of philosophy, an enthusiast of skiing, and dedicated to maintaining a disciplined fitness regimen. These personal pursuits underscore my commitment to tenacity, resilience, and strategic perseverance, principles seamlessly integrated into my professional life.If you seek an executive leader capable of simplifying complexities, translating financial intricacies into actionable strategies, and driving transformative change in challenging economic climates, I welcome the opportunity to connect. Let's explore how my strategic vision and operational prowess can contribute to the continued success of your organization.

Andrew Almquist's Current Company Details
Winston Flowers

Winston Flowers

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Chief Financial Officer
Boston, MA, US
Employees:
144
Andrew Almquist Work Experience Details
  • Winston Flowers
    Chief Financial Officer
    Winston Flowers
    Boston, Ma, Us
  • Alex Lee, Inc.
    Svp & Chief Financial Officer
    Alex Lee, Inc. 2016 - 2023
    Family-owned and operated $4B company that owns supermarkets, provides full-service, wholesale distribution to supermarkets and is a distributor of authentic Hispanic foods. The company employs ~16,000 people and is ranked 139 on the Forbes’ list of largest privately held companies in the United States. Responsible for financial strategy, financial planning & analysis, corporate development, enterprise program management, tax & treasury, accounting, internal audit, and risk management. Managed relationship with lending institutions. Led a team of 73 professionals through seven leaders. Reported to CEO.Key Achievements:- Part of leadership that collectively drove company revenue from $2B to $4B through organic growth and acquisitions, resulting in EBITDA growth of 290%. - Led integration and financial portion of four-acquisitions.- Refinanced the syndicated credit facility in 2023 prior to its 5-year expiration in a turbulent banking environment due to Federal Reserve interest rate hikes and the collapse of two regional banks. Successfully closed with the facility oversubscribed with three new banks joining.- Co-championed the launch of a multiyear master data management program to standardize and leverage massive amounts of data for insights on internal operations and competitive advantage with customers. - Assessed acquisition strategy and determined a lack of expertise to integrate acquisitions and manage large complex projects. Created an Enterprise Project Management Office to manage merger integration and major, complex, cross-operating company projects.- Transformed Alex Lee into an analytics-driven company via a multi-year project in collaboration with IT to implement an Azure cloud data warehouse and PowerBI. Resulted in a redefinition of key management decisions, increased accountability, and a single source of truth across all operating companies.
  • City Sports
    Chief Financial And Operating Officer
    City Sports 2013 - 2017
    Private equity-owned (Highland Capital Partners in 2008) 28-unit, $95M revenue, omnichannel, sporting goods retailer. It declared bankruptcy in 2015 and remained in bankruptcy until it reopened in May 2017. Oversight responsibility of store operations, human resources, distribution, accounting, finance, real estate, construction, and information systems. Led the development, execution, and evaluation of strategic plans. Managed relationship with lending institution. Communicated with board of directors and private equity firm. Reported to CEO. Key Achievements: - Step in to lead the company through the bankruptcy process after the board and CEO left. Served as trusted leader externally to make informed decisions and internally to advise and care for 800 employees. - Created a plan with Director of Warehouse Operations to improve e-commerce fulfillment supporting 40% revenue growth, 170% increase in inventory capacity, 8% lower order fulfillment costs, and 30% increase in peak fulfillment capability.- Increased Outlet sales by 32% by working with the store management team to improve shop ability, pricing, product placement, store staffing, and signage.- Refinanced business, generating additional $1M in liquidity, and closed two rounds of equity financing of $5M. - Implemented store capital budgeting process, site selection criteria, and ROI analysis.
  • Papa Gino'S, Inc.
    Svp Finance & Cfo
    Papa Gino'S, Inc. 2001 - 2013
    Privately held (PGHC Holdings financed by Bunker Hill Capital Partners) restaurant chain with 315 locations, $250M in revenue and the operator/franchisor of Papa Gino’s and D’Angelo restaurants. Responsible for leadership of accounting, budgeting, finance, risk management, and loss prevention. Member of executive committees responsible for all real estate, menu, and pricing decisions. Managed relationship with lending syndicate. Communicated financial results to the board of directors and private equity firm. Reported to CEO.Key Achievements:- Instrumental in the sale of the company to a new venture capital firm. - Negotiated and restructured financing agreements, resulting in covenant flexibility to support growth initiatives. - Successfully finished integration of D'angelo acquistion.
  • Rojacks Food Stores
    Vp Finance & Controller
    Rojacks Food Stores 1997 - 2001
    Senior management team member responsible for the development, execution and evaluation of the Company’s business plan for this 13 store, $175 million retailer of food and drug products. Led all aspects of accounting, finance, real estate, human resources and information systemsKey Achievements:- Successfully led integration to support acquisition that doubled size of company
  • Star Markets Company, Inc.
    Sr. Manager Of Operational Finance
    Star Markets Company, Inc. 1994 - 1997
    Responsible for the leadership of multiple accounting departments for this $1.2 billion retailer/franchisor of food and drug products. Member of cross functional teams responsible for outsourcing distribution, selecting and implementing a new buying and warehouse system, ensuring data integrity, and creating the Wild Harvest natural food retail stores.
  • C&S Wholesale Grocers
    Finance Manager
    C&S Wholesale Grocers 1991 - 1994
  • Star Markets Company, Inc.
    Group Accounting Manager
    Star Markets Company, Inc. 1987 - 1990
  • Mccourt Development Company
    Accounting Manager
    Mccourt Development Company 1986 - 1987
  • Star Markets Company, Inc.
    Accounting Supervisor
    Star Markets Company, Inc. 1983 - 1986

Andrew Almquist Education Details

Frequently Asked Questions about Andrew Almquist

What company does Andrew Almquist work for?

Andrew Almquist works for Winston Flowers

What is Andrew Almquist's role at the current company?

Andrew Almquist's current role is Chief Financial Officer.

What schools did Andrew Almquist attend?

Andrew Almquist attended Babson College.

Who are Andrew Almquist's colleagues?

Andrew Almquist's colleagues are Shabber Ahamad Shabber Ahamad, Tara Mccarthy, Ja Yeah, Catherine Donnelly, Scott Bosse, Benjamin Newbold, Kate Evans.

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