David Belmont Email & Phone Number

Chicago, IL, US

• Established and implemented a quarterly forecast process that drove business leader engagement and provided financial forecast visibility and transparency to senior management and other key stakeholders.
• Led team development of a robust balance sheet and cash flow forecasting model that was integrated into the company long-range financial planning model.
• Coordinated and managed cost actions that reduced net SG&A and capital spending by over $550 million (~65% reduction) from 2016 to 2023, providing the company with significant operational and financial flexibility.
• Reduced global facility footprint by over 50% to align facility presence with future company working model and operating needs.
• Increased average supplier payment terms by 2x or 30 days, materially improving cash flow.
• Supported five debt financings and amendments (revolver and convertible notes) to ensure the company had sufficient liquidity, including during the pandemic.

• Supported $1.6 billion sale of Orbitz Worldwide to Expedia in September 2015, including developing financial projections, preparing presentation materials, participating in due diligence meetings and preparing.
• Established and implemented a quarterly forecast process that drove business leader engagement and provided financial forecast visibility and transparency to senior management and other key stakeholders.
• Actively managed financial performance of the company in collaboration with the CEO, CFO and senior leadership team.
• Established governance for Sales Incentive Plans including creating a governance committee, issuing periodic performance reports and developing internal controls.
• Developed and implemented a more structured and rigorous interview process for the global finance team.
• Led global planning team of 33 people across multiple locations.

• Led effort to refinance $450 million term loan, including developing financial projections, preparing offering memorandum and presentation materials, and participating in presentations and diligence sessions with.
• Led global finance team of 150 people during a critical period in the company’s history.

• Assisted senior leadership team in successfully transforming the business to a model that was less dependent on consumer fees in response to an industry-wide shift in the business model.
• Facilitated $510 million IPO in July 2007, including developing financial projections, preparing materials for analysts and investors, and supporting completion of SEC filings.
• Developed Excel-based long-range planning model, including income statement, balance sheet and cash flow, for use with long-range forecasting, scenario planning and impairment testing.
• Built a planning team of ten people and established processes to support a newly created online travel group which included the Orbitz and CheapTickets consumer brands.

Brooklyn, New York, US

• Analyzed actual and forecasted financial performance of the Travel Distribution Services division for Cendant senior leadership team.
• Reviewed and evaluated over $100 million in capital projects, including investments in a travel reservation web site for small businesses and an airline hosting platform.
• Completed extensive analysis on the impact of introducing an innovative new airline pricing program in the United States.

US

• Facilitated company’s evaluation of strategic alternatives, resulting in the sale of Galileo International to Cendant Corporation for approximately $2 billion.
• Developed presentation for bankers’ meeting and contributed to Offering Memorandum to help secure a $450 million revolving credit facility to finance the acquisition of an online travel site.
• Developed presentations for due diligence sessions and investor road show for the company’s $1.4 billion secondary stock offering in May 1999.
• Led design effort to streamline and integrate the company’s business case and capital proposal processes in order to ensure consistency and rigor in analysis of capital investments.

US

• Promoted four times in six years from analyst to senior manager.
• Planned, developed and organized an award-winning meeting with analysts and investors. Stock price rose 15% during the week following the meeting.
• Managed quarterly earnings communications, including writing press releases and conference call scripts, and preparing analytical support for investor conference calls.
• Designed, developed and produced communications materials, including analyst presentations and marketing materials that delivered key investor messages.

Master Of Business Administration

Bachelor Of Science, General Engineering