Dipak D. Bhakta Email & Phone Number

Orange County, California Area

B2B CFO® provides Strategic Business Advisory Services to owners of privately held companies. We focus on increasing cash and company value. By redefining the way that these services are provided, we have created a new industry, which we dominate and lead. With a nationwide presence, B2B CFO® is the largest company of its kind in this industry. Founded in 1987, we have ranked four times in the Inc. 5000 and were recognized as one of Forbes Magazine’s “Small Giants.” Over the decades, we have published books and created numerous resources, including an award-winning and patented software. For more information about how we help business owners excel, please visit www.B2BCFO.com. For information about how we help business owners with exit strategy, please visit www.b2bexit.com.

Orange County, California, United States

MISSIONOur mission is creating, sustaining and enhancing Private Company value through the active use of Boards of Directors and Advisory Boards. We advocate for excellent practices in board formation and governance. We provide a national network where executives and professionals interested in board service can find and meet with those interested in securing exceptional board members.

Merced, California Area

Merced Irrigation District is a water and power utility providing irrigation and drainage operations, electric services, a hydroelectric project and parks and recreation services. The district maintains 800 miles of canals providing irrigation for 2,200 growers. Electric services are provided to more than 9,000 residential and business customers.Responsible for all finance, accounting, treasury, and customer service functions; manage relationship with Wall Street credit rating agencies, investment bankers, bondholders, and banks; present financials at board of directors meetings in a public setting. Achieved bond credit rating upgrade to “A+” for all outstanding bonds in 2019; $96 million balance.

Modesto, California Area

Responsible for all finance and accounting functions enterprise-wide; Direct reports were the Corporate Controller, the Sr. Director of FP&A, and the Director of Internal Audit. Total staff of 160 in accounting, tax, treasury, internal audit, and financial planning & analysis. Managed relationships with external auditors, taxing authorities, banks, payment processing providers, and supplier credit managers.* Successfully negotiated and secured a $125 Million revolving line of credit agreement with a major national bank* Collaboratively led a cross-functional team on a complex project to develop and implement a new inventory process at 210 stores to enable significant inventory shrink savings* Protected over $210 Million of monthly trade credit terms during challenging business cycles through proactive engagement and negotiations with suppliersThe Save Mart Companies is a $4+billion retail grocery business that operates 200+ stores, distribution centers, and a trucking fleet, employing approx 16,000 people in the Central Valley of California, San Francisco Bay area, and Northern Nevada, under the names of Save Mart, Lucky California, FoodMaxx, S-Mart Foods, and Maxx Value Foods.

Modesto, California Area

Responsible for enterprise-wide centralized accounting, treasury, and internal audit functions* Reduced invoice processing costs by 15% and increased annual cash discount savings by over $1.5 Million through innovative technology solutions and vendor interfaces

Modesto, Ca

A 501(c)4 non-profit organization of Save Mart employees that is governed by a fully independent board of directors* Strategic business guidance, Governance, and Oversight* Membership growth from approximately 9000 to over 11000, with balanced budgets

Xicom Technology, a subsidiary of Comtech (NASDAQ: CMTL) is a global leader in the development and manufacture of traveling wave tube based and solid state power RF amplifiers for the satellite communications industry. Responsible for general accounting, cost accounting, A/P, A/R, reporting, financial planning and analysis, internal controls, Sarbanes-Oxley compliance, Information Technology, customer contract administration, and export compliance. * Achieved timely Sarbanes-Oxley compliance for the formerly privately held company* 75% revenue growth and 160% profit improvement in part through better working capital management and manufacturing cost control

AOptix was a venture capital funded adaptive optics and laser communications startup. Responsible for all finance, accounting, human resources, and contract administration functions. * Enabled multi-million dollar federal government contract awards by transforming processes and systems to achieve compliance with federal acquisition regulations* Successfully passed Defense Contract Audit Agency examinations* Achieved Days Sales Outstanding of less than 20 days on federal government contract receivables

San Jose, Ca

Venture capital funded telecommunication network services startups

Santa Clara, Ca

US subsidiary of a Japanese technology company handling US distribution, sales and marketing.

Greater Atlanta Area

Consulting assignment to help secure development capital, and establish a financial management structure for a product development division.

Atlanta, Georgia

Established and managed a new Shared Services Accounts Payable team for a $3B division of Georgia-Pacific when it was a publicly traded Fortune 50 corporation. Prior roles at Georgia-Pacific included numerous positions of increasing responsibility in Internal Audit and Accounting in various business units.

Master Of Science, Finance

Food Industry Executive Program

Bachelor Of Science - Bs, Business & Accounting, And Minor In English