John Skolas

John Skolas Email and Phone Number

Turnaround Management @ Brownstein Corporation
441 E. Hector Street,
John Skolas's Location
New Hope, Pennsylvania, United States, United States
John Skolas's Contact Details

John Skolas personal email

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About John Skolas

Attracted to fluid situations, corporate boards, audit committees, management challenges, new business models, new applications of technology and transactions. Extensive experience in finance, law, general management in public and entrepreneurial private companies (tech, life sciences, entertainment). Negotiator, deal closer, manager & mentor. Currently – turnaround management, distressed companies.Prior roles include:CFO & General Counsel - Drug Development, Biotech, CombiChem; Interim CFO - NYC New Media Company; Medical Instrument Start up.President - Shared services subsidiary of foreign multinational: Treasury, Tax, Legal, M&A, Admin and Patent Licensing, Litigation ManagementGeneral Counsel - Finance, M&A, Corporate, Litigation ManagementSpecialties: Change Management, Governance• Restructuring, reorganization• Positive leadership in negative times• Entrepreneurial manager -- start up & restartFinancial & Administrative Management • Accounting, Treasury • SEC compliance; investor relations• HR • Modeling, budgets, projections• Boards of Directors; Public co. SecretaryTransactions• Equity & debt financing• Divestiture, M&A, demerger• Contracts: vendors, contract manuf. etc. • IP licensing

John Skolas's Current Company Details
Brownstein Corporation

Brownstein Corporation

View
Turnaround Management
441 E. Hector Street,
Employees:
1
John Skolas Work Experience Details
  • Brownstein Corporation
    Managing Director
    Brownstein Corporation Oct 2012 - Present
    Conshohocken, Pa
    Premier turnaround and crisis management firm focused on middle market. Also provides services regarding distressed businesses to creditors and lenders, and M&A/refinancing services to such businesses. Fiduciary services including Plan Administrator, Liquidating Trustee, Assignee for Benefit of Creditors. Litigation consulting/expert testimony, investigations and valuations.
  • Argyce Llc
    President & Ceo
    Argyce Llc May 2009 - Present
    Working with companies in transition entrepreneurs and new business models – we draw on broad financial, legal, intellectual property and industry experience to achieve best outcomes – even in difficult situations. With the Genaera liquidation virtually done we are open to new opportunities to realize value for stockholders from distressed assets. In the Genaera liquidation we put together creative deals for out-licensed development programs to fund cash distributions to former stockholders in an orderly, economical process. Rolled prior consulting practice into Argyce -- working with a medical imaging start up focusing on pediatrics and neonatology.
  • Skolas Management Advisors
    Principal
    Skolas Management Advisors May 2007 - May 2009
    • Medical imaging start-up (Q4-07 to present): Acting CFO, strategy, modeling, financing, licensing, agreements, operations.• Genaera Corporation (Q2-08 to present) – advising on license and intellectual property matters. • Cobbs Creek Healthcare (Q4-08 to present) – Modeling/research for big pharma company to forecast impact of recession.• Polymer manufacturing company (Q4-07): Evaluating Australian opportunity – Research and financial modeling, • NYC new media company (Q3/Q4,-07) Brought in by VC/Board to stabilize financial situation – Immediately addressed internal financial metrics & cash forecasts – developed contribution analyses and business line P&Ls. Negotiated and closed $5 million A/R based credit facility.
  • Genaera Corporation
    Cfo & General Counsel
    Genaera Corporation Oct 2003 - May 2007
    R&D boutique transitioned into drug developer in Phase II, Phase III trialsBroad role in transition: Direct reports included Finance, Legal, IT, Patents, Facilities, IR/PR, HR• In first 90 days: - Improved and formalized cash forecasts - Resolved personnel issue and cross trained accounting staff - Closed two registered direct offerings ($28.5mm)• Mentored promising staff. Upgraded internal and external financial reporting. SOX 404 compliance • Closed total of five financings ($92.5mm)• Led response to SEC comments: S-3, 10-K.• 100s of meetings/calls with analysts and investors with CEO and alone• On behalf of BIO, hosted two SEC Commissioners to advocate SOX 404, AS2 reform• Negotiated/structured contracts e.g. licenses, CRO, manufacturing• Restructured employee review processes. Set up new option plan• Oversaw software/hardware implementation: document control, drug safety; clinical data• Prepared, managed 2007 downsizing after Phase III failure
  • Skolas Management Advisors
    Consultant
    Skolas Management Advisors Mar 2001 - Sep 2003
    Provided management of finance and legal matters, supported financing transactions, completed merger of client company into acquiror. Served as acting CFO for multiple early stage start ups
  • Valigen Nv
    Cfo
    Valigen Nv Nov 2000 - Dec 2001
    160 person genomics/gene repair company operating in three countries following three company merger in 2000 Recruited to lead accounting, finance, treasury, IT, legal, IR and PR functions in anticipation of IPO. •In first 90 days: - Focused on cash flow forecasting. Wrote combined company’s first budget. - Developed and implemented successful defense to existential legal threat - Repositioned message to investors. Drove redesign of PR/IR materials. Replaced PR firm• Coached staff through rollout of accounting system and WAN across operations in Pennsylvania, California, Berlin and Paris • Developed restructuring plan to reduce staff and cash burn by 45% • Secured bank loan commitment in cash crisis. Restructured facility lease to defer >$600K.Closed 7 figure biotech collaborator’s investment. Managed diligence and contracts for equity round and proposed merger.• Following 9/11 equity markets downturn & collapse of merger talks -- shut down US operations
  • Coelacanth Corporation
    Cfo
    Coelacanth Corporation Jun 1999 - Oct 2000
    Combinatorial chemistry company transitioned from R&D start up to operating company. Merged into Lexicon Genetics as its pharmaceuticals divisionJoined 4 hours before CEO announced departure - 6 months before new CEO • In 1st ~90 days: - Wrote new budget, hired interim controller, put cash forecasting on track – hired new controller. - Put multi-million-dollar lab build-out back on budget and on time. - Reviewed business, addressed imminent legal, facilities and HR issues.• In 1st 180-220 days: - With COO negotiated & closed library sales with major pharmacy companies, - Established new accounting function and controls; set up and managed HR function. - Mentored young managers throughout the company.• Actively facilitated new CEO’s transition to company and equity raising process• Negotiated and closed: i) Equipment financing; ii) Credit facility; and iii) Venture capital round. • Led selection process and recommended investment bank that closed merger
  • Phytoworks
    Cfo & General Counsel
    Phytoworks Oct 1997 - Jun 1999
    Biotech company remediating environmental contamination with genetically modified and naturally occurring plants. • Immediately negotiated license to acquire core technology and rewrote business plan• Guided CEO in negotiations with investors and licensors as well as valuation, contracts, raising capital, and operations. Extensive modeling; settled shareholder dispute
  • Emi Group Inc And Others
    Consultant
    Emi Group Inc And Others Apr 1997 - Jan 1998
    • Continued as officer and general counsel of an EMI GROUP holding company. Negotiated and closed sale of California factory, set up credit facilities, and resolved contractual issues from divestitures. Advised on patent litigation and licensing. • Advisor to software start-up on international ownership, capital structure issues, reseller agreements and projections.
  • Emi Group Inc (Subsidiary Of Emi Group Plc)
    President
    Emi Group Inc (Subsidiary Of Emi Group Plc) Feb 1992 - Mar 1997
    Led shared services subsidiary w. 25 person staff: treasury, legal, tax, M&A, coordinated US restructurings• Co-negotiated 7 divestitures; major roles closing ~25 acquisitions/divestitures• Consolidated 3 corporate offices in 3 time zones into 1 new Delaware office reducing costs 30%• Mentored staff through process upgrade, e.g. Took out >$5mm cash float in 1 division• Closed >$1B debt (> 20 deals $20mm to $200mm+), e.g. Rule 144A; $200+ mm self-syndicated facility • Closed equipment leases for manufacturing equipment, aircraft• Sold and leased real estate in CA, NY, OH, DE, CO • Authored ~$1.5B spin-off planguiding >100 legal steps we executed • Managed licensing program: $240mm from patents retained in divestiture• Structured transactions to use ~$500mm NOLs, save $4mm+ state taxes/year• Initiated “Competent Authority” proceeding - recovered $2.6 mm Korean tax• Oversaw THORN EMI Venture Fund• Managed litigation, served as general counsel
  • Thorn Emi Inc (Subsidiary Of Thorn Emi Plc)
    Vice President & Legal Counsel - North America
    Thorn Emi Inc (Subsidiary Of Thorn Emi Plc) Aug 1988 - Feb 1992
    First employee of subsidiary created to restructure treasury, M&A, tax, legal functions dispersed in US and to coordinate M&A and divestiture efforts• In 1st 90-120 days: - Joined deal team for $300mm acquisition; Managed due diligence of proposed $130mm acquisition - Pivotal role to retain semiconductor patents on sale of Inmos – ultimately worth $240mm in royalties - Incorporated headquarters subsidiary, set up office and started building relationships with US business units - Took over review of new auction rate SPV proposal, reverse engineered I-bank model - killed proposal - Fired US outside counsel and curtailed costs of benefits advisory firm• Oversaw shutdown of failing software subsidiary and divestiture of related assets• Negotiated credit facilities and Rule 144A debt placements for > $250mm• Managed US insurance program• Managed litigation retained from divestitures, .e.g. took on case lost at trial settled for 50% ($4mm) of trial court judgment
  • Muchin, Muchin, Bendix And Skolas
    Partner
    Muchin, Muchin, Bendix And Skolas Jan 1980 - Aug 1986
    Built business focused law practice in Wisconsin: corporate legal work in real estate, manufacturing, hospitality, advertising and media industries. Represented clients in formation, purchases and sales of businesses, financing, limited partnerships, taxation, bankruptcy (debtor & creditor), corporations.Earlier employment also included Coopers & Lybrand CPA as a Tax Specialist.

John Skolas Skills

Due Diligence Mergers And Acquisitions Venture Capital Start Ups Strategy Corporate Finance Financial Modeling Entrepreneurship Mergers Restructuring Management Business Planning Finance Valuation Internal Controls Investments Forecasting Licensing Investor Relations Budgets Accounting Intellectual Property Ipo Corporate Law Investment Banking Change Management

John Skolas Education Details

Frequently Asked Questions about John Skolas

What company does John Skolas work for?

John Skolas works for Brownstein Corporation

What is John Skolas's role at the current company?

John Skolas's current role is Turnaround Management.

What is John Skolas's email address?

John Skolas's email address is sk****@****ast.net

What is John Skolas's direct phone number?

John Skolas's direct phone number is +161094*****

What schools did John Skolas attend?

John Skolas attended Harvard Business School, University Of Wisconsin-Madison, Luther College.

What skills is John Skolas known for?

John Skolas has skills like Due Diligence, Mergers And Acquisitions, Venture Capital, Start Ups, Strategy, Corporate Finance, Financial Modeling, Entrepreneurship, Mergers, Restructuring, Management, Business Planning.

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