Daniel Benas Email & Phone Number

Palo Alto, Ca, Us

Leads Finance Organization for Berkshire Hathaway media-tech company.

Santa Clara, Ca, Us

Member of Platina's Technical Advisory Board. Work involves advising Platina's CEO and VP of Finance on Accounting, Budgeting and Regulatory matters.

Redwood City, Ca, Us

Hired by late stage pulmonary device manufacturer to lead company through S-1 process Recruited and built public company accounting team; took close from annual hindsight to 7 day monthly close in 6 monthsFirst S-1 filing done within 5 months of hire and 2019 FY filing done in 54 days with public flip on February 28, 2020 with minimal SOX deficiencies (non-reportable)

Us

Led late stage semiconductor company through restatement process to complete confidential S-1 filing.Cured 18 MW over 18 months allowing Silego to file with zero MW’s. Led effort to early adapt Topic 606, Revenue Recognition within S-1 filing process.Drove implementation of Microsoft Dynamics AX ERP systemBuilt multinational finance team of 12 in the US, Taiwan, Ukraine and PRCSet-up Offshore Tax structure to enable long-term tax rate of 5%Developed audit worthy cost accounting reporting process, timely close and budgeting processes Sold Silego to Dialog Semi. (DLG.DE) for $300M; retained for integration as Top 25 performer. Achieved 99% of deal potential via successful earnout. Retained by Dialog to lead Finance for their World-Wide Operations Group.

Mountain View, Ca, Us

Provided technical support on IPO's, M and A, SEC work and temporary controller positions. Projects included:Acquisition of 2 SaaS companies for Callidus Cloud which led to Controllership role. Acquisition of BRE Properties by Essex Property Trust (both public REIT's) valued at over $4Billion creating the largest public REIT on the West Coast. Post acquisition work for a SaaS firm acquired by Private Equity investors.10-K, 10Q and Proxy filings along with Workiva (automated SEC software) implementation for Applied Micro.Singapore Based IPO (IFRS) for Trireme Therapeutics (Medical Devices-Vascular Stent)Temporary Controller Roles for a Public Military Contractor and a pre-IPO Medical Device Firm where QAD was implemented.

Dublin, Ca, Us

Manage finance staff of 20 for an $100M+ public SaaS company directing all areas of accounting including revenue recognition.Performed financial due diligence and led integration for eight international acquisitions (combined purchase price of $40M+) in Serbia, India, New Zealand, and the UK; set up 200 person “in-sourced” entity in India saving company $5M in annual operating expensesImplemented financial segment of NetSuite ERP system

Milpitas, California, Us

Recruited to restructure the worldwide financial organization of a $400M late-stage electronics company with sales in Europe, U.S., Russia, and Latin America and manufacturing in Taiwan and China.Reduced audit costs by $1.1M (65%); Remediated four MW’s enabling Company to become IPO-readyShortened close from sixteen to four days resulting in a streamlined process for reportingRebuilt the financial staff through the recruitment of six key hires and termination of non-performers; managed a staff of eighteen in four worldwide locationsCoordinated the set up of the offshore trading company in Hong Kong and logistics center in South China Signed off as principal accounting officer on Company’s S-1 filings which were completed on scheduleRevamped revenue process resulting in removal MW and an overall reduction in delinquent chargebacks of $2M

Kirkland, Washington, Us

Recruited to turn around the financial organization of a $180M publicly traded firm facing numerous legal challenges and de-listment from NASDAQ. Directed the successful three-year restatement within two months of hire which enabled the company to avoid being de-listed.Successfully took company through Sarbanes-Oxley (SOX) remediation curing five material weaknesses (and 78 overall deficiencies ) and established normal financial operations with timely closes Rebuilt the financial staff with the recruitment of 8 key hires and termination of non-performers; managed WW staff of 20Set up operations and hired financial staff for MPS’s manufacturing facility in China in a SOX-compliant environment.Market Cap grew by 4x over tenure and is currently 40x greater than when I joined MPS.

San Jose, California, Us

Employee number 37 in a telecom transport equipment manufacturer utilizing proprietary semiconductor technology.Secured a $30M debt package with Silicon Valley Bank; Created two asset-backed loan packages totaling $10M which reduced operating burn by 10%Raised $167M in Series B-E financing from venture, corporate, and international government investorsCoordinated auction procurement tasks enabling Indium Phosphide Fab to be built for $15MEstablished an Indian subsidiary to perform software development saving $8M annually utilizing a government-sponsored tax holiday program; led site selection in Bangalore; Drove turnkey outsource-manufacturing process saving $10M+/yr.Involved in setting up initial $140M revenue transaction with Level 3 which led to IPOLed team that implemented Microsoft-Great Plains ERP system in preparation for IPOManaged Human Resources, IT and Facilities departments during tenure

San Jose, Ca, Us

Vice President – Corporate Finance (1999 – 2001)Led a 42-person team in a $1.3B corporation. Managed Internal, External and SEC Reporting, Consolidations, Financial and Strategic Planning, Shared Services and Financial IT Systems. Coordinated the annual audit as well as interfaced with audit committee. Oversaw preparation for Board of Director’s meetings and analyst conferences. Led overhaul of capital acquisition & planning processes resultimg in the successful completion of over $1B in capital projectsNegotiated and integrated ten successful acquisitions (totaling $300M annual revenue)Implemented new versions of Oracle and Ariba Travel and Expense systemDrove process improvements in finance transactional functions that enabled successful transfer to Cypress Philippines Director – Worldwide Sales and Marketing Finance (1998 – 1999) Directed all financial planning and accounting activities in support of Sales & Marketing worldwide including revenue and distributor accounting, commissions, and A/R.Led multiple cross-functional process re-engineering teams including automating and streamlining the consignment process which led to channel growth of $60M in one yearSimplified and automated the Distributor Accounting system saving the Company $3M per year in false debits.Finance Director – Worldwide Manufacturing (1996 – 1998)Directed financial planning and accounting for all manufacturing entities- $16M improvement in profitability during tenureSet up Finance department for the first 100% Cypress-owned Asian plant in the PhilippinesTransferred most manufacturing, cost accounting, and transactional activities to the Philippines saving $400K/yearController – Datacom Div. (1993 – 1995)Through acquisition and internal growth and market orientation grew division into the most profitable within CY. Revenue grew 8x during this time frame.Controller and Mgr. of Business Operations-Logic Div. (1989-1993)- Ran Finance and production control.

Norwalk, Connecticut, Us

Worked in the Internal Audit Group-North America performing financial and operational audits and consulting assignments in Xerox's high tech and copier groups. (1982-1985)Moved to the Electronic Typewriter and Printer Division in Fremont in 1985. Became the MemoryWriter Controller and later the Plant Manufacturing Controller

Houston, Tx, Us

Performed covenant compliance and SEC reporting activities for the $4B Chemical Division

Worked as an auditor in this international CPA firm (#10 at the time). Worked on audit engagements primarily in the oil and gas, manufacturing and leisure time industries.

Mba, Finance

Bsba, Accounting