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*Experienced Silicon Valley High Tech Finance Executive with extensive financial and operating management experience in the Semiconductor, Software, Telecom, Medical Device and Computer Hardware industries.* Recent Focus has been on scaling, ramping and monetizing pre-IPO and public companies.*Experience in Fortune 500, small cap and start-up environments managing rapid growth and financial and business turnarounds.* IPO experience on both GAAP and IFRS listings* Extensive experience in Asia setting up operations and plants (India, PRC, Taiwan, Philippines, Thailand, Hong Kong) * Public Company Controllership* Project Management—ERP/Systems installations, SOX remediation, Process Improvement, Infrastructure Enhancement, M&A integration, Restatements and troubled audits.*Venture financing, credit line, secondary offering, debt re-structuring, M & A integration and due diligence experience.Specialties: • Controllership• Project Management• Turnarounds • Manufacturing Finance and Operations• Rapid Growth Companies (Pre-IPO and Public)• Start-Ups-entrepreneurial enterprises
Business Wire-A Berkshire Hathaway Company
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Vice President Finance (Head Of Finance)Business Wire-A Berkshire Hathaway CompanyPalo Alto, Ca, Us
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Vice President FinanceBusiness Wire-A Berkshire Hathaway Company Nov 2020 - PresentLeads Finance Organization for Berkshire Hathaway media-tech company.
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Finance And Accounting Technical Advisor-Technical Advisory BoardPlatina Systems Sep 2015 - PresentSanta Clara, Ca, UsMember of Platina's Technical Advisory Board. Work involves advising Platina's CEO and VP of Finance on Accounting, Budgeting and Regulatory matters. -
Vice President-ControllerPulmonx Corporation Jul 2019 - Jul 2020Redwood City, Ca, UsHired 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) -
Vice President-Corporate ControllerSilego Technology Inc. (Acquired By Dialog Semiconductor) Nov 2014 - Jul 2019UsLed 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. -
Technical Accounting ContractorSoaprojects, Inc Jan 2011 - Nov 2014Mountain View, Ca, UsProvided 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. -
Vp Corporate ControllerCalliduscloud (Became Part Of Sap In 2018) May 2011 - May 2013Dublin, Ca, UsManage 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 -
Vice President-Corporate ControllerCorsair Components Feb 2009 - Sep 2010Milpitas, California, UsRecruited 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 -
Vice-President Corporate ControllerMonolithic Power Systems Feb 2006 - Feb 2009Kirkland, Washington, UsRecruited 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. -
Vice President FinanceInfinera Corporation Oct 2001 - Feb 2006San Jose, California, UsEmployee 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 -
Vice President-Corporate FinanceCypress Semiconductor Corporation (Acquired By Infineon In 2020) May 1989 - Sep 2001San Jose, Ca, UsVice 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. -
Product Line ControllerXerox Corporation Nov 1982 - May 1989Norwalk, Connecticut, UsWorked 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 -
Treasury AnalystOxy Dec 1981 - Nov 1982Houston, Tx, UsPerformed covenant compliance and SEC reporting activities for the $4B Chemical Division -
AuditorLaventhol & Horwath Jun 1980 - Dec 1981Worked 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.
Daniel Benas Skills
Daniel Benas Education Details
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Ucla Anderson School Of ManagementFinance -
University Of California, Berkeley, Haas School Of BusinessAccounting
Frequently Asked Questions about Daniel Benas
What company does Daniel Benas work for?
Daniel Benas works for Business Wire-A Berkshire Hathaway Company
What is Daniel Benas's role at the current company?
Daniel Benas's current role is Vice President Finance (Head of Finance).
What is Daniel Benas's email address?
Daniel Benas's email address is db****@****ast.net
What is Daniel Benas's direct phone number?
Daniel Benas's direct phone number is +192525*****
What schools did Daniel Benas attend?
Daniel Benas attended Ucla Anderson School Of Management, University Of California, Berkeley, Haas School Of Business.
What skills is Daniel Benas known for?
Daniel Benas has skills like Mergers And Acquisitions, Sarbanes Oxley Act, Process Improvement, Start Ups, Accounting, Revenue Recognition, Forecasting, Mergers, Financial Analysis, Financial Reporting, Cross Functional Team Leadership, Corporate Finance.
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