John Tunison

John Tunison Email and Phone Number

CFO / Chief Financial Officer | PE | VC | Public | Renewables | Blockchain | AI/LLM | Manufacturing | Distribution | Technology | Energy | Building Products | Construction | Strategy | Debt & Equity Raising | M&A @ Soluna
John Tunison's Location
United States, United States
John Tunison's Contact Details
About John Tunison

Over the last decade, as CFO/Head of Finance, I have: > Sold two (2) mid-sized PE-Backed Companies with Enterprise Values >$200m and >$250m to large Domestic and International Strategic Buyers > Raised >$200m capital (Debt, Seed, VC, PE, Public) > Improved annual profit >$0.5B > Head of finance for organizations up to $2B+ annual revenue > Led teams up to 25 directly / 100 indirectly > Created, upgraded and rebuilt multiple functional teams > CFO for PE- and VC-Backed Companies and a Public Company> Worked in multiple Global CompaniesSome representative achievements:> Sold PE-backed Building Materials company, leading process to achieve price >2.5x expected EV when hired.> Sold PE-backed Chemicals Manufacturer to International Strategic Buyer in 6 months.> Drove earnings improvement from <$10m to >$100m in 3 years via risk-based pricing, commodity hedging and strategic sourcing during significant market and commodity pricing dislocations.>Led process to refinance debt, securing $97m Term and ABL financing during very challenging conditions.>Improved NWC by 30% via rebuilding A/R & A/P Teams within 6 months.>Uncovered major bank compliance issues/defaults and led process to negotiate resolution with syndicate.> Led challenging public equity raises, securing >$30M via placings and open offer on LSE AIM.Recovered from CFO and 100% finance function turnover and moved the function from UK/OH to TX.> Led Seed Round – closed >$650k of VC / Seed Investor Convertible Note Financing.Drove Cash Flow Improvement Plan to turn company around and grow EBITDA +$4M on $15M Sales.Keywords: Commercial, Negotiation, M&A, Financing, Capital Raising, Project Management, Global, Supply Chain, Strategy, Reporting, IFRS, GAAP, SOX, Sarbanes Oxley, ERP, LSE, AIM, UK GAAP, Equity, Debt, Venture Capital, VC, Private Equity, PE, Oil & Gas, Energy, Mining, Chemicals, Petrochemicals, Distribution, Technology, SaaS, Wood, Trusses, Building, Construction, Building Materials, Expat, Bilingual, Financial Ratios, Capital Projects, Team Building, Executive, Director, Vice President, VP, FP&A, Procurement, Supply Chain, Supplier Management, Commercial Analysis, Negotiation, Credit Risk, Cash Management, SAP, MS Dynamics, NAV, Netsuite, IFS, Chempax

John Tunison's Current Company Details
Soluna

Soluna

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CFO / Chief Financial Officer | PE | VC | Public | Renewables | Blockchain | AI/LLM | Manufacturing | Distribution | Technology | Energy | Building Products | Construction | Strategy | Debt & Equity Raising | M&A
John Tunison Work Experience Details
  • Soluna
    Cfo - Nasdaq: "Slnh"
    Soluna 2024 - Present
    New York, Ny, Us
    Appointed to lead Soluna’s finance and accounting activities with a specific focus on strategy and capital allocation for Soluna’s growing pipeline of data centers co-located with renewable power plants.Soluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna’s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute intensive applications. Soluna’s proprietary software MaestroOS(™) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit http://solunacomputing.com (link below). Follow us on X (formerly Twitter) at @SolunaHoldings.
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  • Verdant Specialty Solutions
    Cfo - Pe Owned
    Verdant Specialty Solutions 2023 - 2024
    Houston, Texas, Us
    Recruited to lead Finance and IT functions for a PE backed, international manufacturer with operations in 5 countries following multiple CFO turnovers during difficult carve out, liquidity and bank compliance conditions and to partner with the Executive Team and PE-Sponsor, OpenGate Capital, to drive strategic growth and continued development of world class functions and sale of the business. Company sold to Samyang Group in December 2023.Verdant is a global specialty chemical company that supports human well-being through the power of science and nature. With a growing portfolio of sustainable solutions, we are a leading provider of surfactants and specialty chemicals for the personal care, home and hygiene, and industrial markets ─ and we are continuously exploring new opportunities.-Sold the company to International Strategic Buyer (Samyang Group) in 6 months.-Stabilized company debt by negotiating forbearance concessions with primary lender and clearing all defaults with secondary lenders to address multiple issues created over the preceding year.-Achieved 100% audit / tax compliance in 6 months, completing first audits / filings in 2.5 year company existence.-Improved NWC by 30% via rebuilding A/R & A/P Teams within 6 months. -Reduced 25 member team turnover from >100% in the preceding 2 years to ~10% within 3 months.
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  • Trussway Manufacturing, Llc
    Cfo - Pe Owned
    Trussway Manufacturing, Llc 2018 - 2022
    Houston, Texas, Us
    Recruited to help the team enhance its finance, accounting, IT, purchasing and pricing functions, achieve world class performance and streamline interfaces with Trussway's PE owners, Highland Capital, and other key partners such as banks and suppliers.As the nation's leading supplier of framing components to large-scale builders and developers, Trussway's team works from the start to design and manufacture the best solution for each project. Responsible for all aspects of finance, accounting, IT, purchasing and pricing, directly leading 5 teams of 21 people.-Led process to sell the company to a Fortune 200 strategic, achieving price >2.5x expectation when hired.-Led process to refinance debt, securing $97m Term and ABL financing (at both OpCo and Sponsor levels) during very challenging financial conditions and during PE Sponsor bankruptcy.-Led initiatives to implement risk-based pricing, commodity hedging and strategic sourcing that resulted in less earnings volatility during significant market dislocations and substantial profit expansion from <$10m to >$100m in 3 years while more than doubling revenue. -Led strategy execution process enabling achievement of all strategic objectives for first time in 15 years.-Developed successful fixed price lumber sourcing model despite unified supplier resistance and initial internal lack of buy-in that saved the company over $30m in lumber / lumber hedging cost in 3 years.-Uncovered major bank compliance issues/defaults and led process to negotiate resolution with syndicate.-Identified cyber and systems vulnerabilities and led projects to significantly mitigate >$20m of risk.-Reshaped several teams, adding critical new roles and upgrading talent within 1st year at the company.-Served as the COVID-19 Coordinator and ensured 100% compliance, zero down time and successful transition, companywide to remote/hybrid work model-Significantly upgraded accounting capabilities via 100% change out of the accounting team.
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  • Velocys
    Interim Cfo - Lse Aim: "Vls"
    Velocys 2017 - 2018
    Oxford, England, Gb
    Velocys plc is an LSE AIM-listed renewable biofuels company.-Retained to lead, stabilize and relocate the finance function, raise public equity funding and drive strategy following departure of previous CFO.-Led challenging public equity raises, securing >$30M via two placings and an open offer on LSE AIM -Led Full Calendar Year accounting cycle, including Interims/Year-End audit, financial reporting and all LSE market listing / UK regulatory requirements.-Led 100% rebuilding of finance and accounting staff and relocation of functions from the U.K. and Ohio to Texas.-Led all financial aspects of M&A process to secure strategic investment into key projects that ultimately led to blue chip company investment in the company’s common equity.-Led ERP change selection, planning and procurement process.
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  • Pandora Management Consulting
    Cfo Consultant
    Pandora Management Consulting 2016 - 2018
    Interim CFO – Specialty Chemical Manufacturer Retained to stabilize finance function, cash flow and accounting immediately following a PE acquisition.-Setup cash flow forecasting, stabilized cash management and other key processes within 2 weeks. -Reviewed key business processes and made immediate improvements to increase controls.-Resolved several hold-over accounting issues and drove finalization of closing financial statements.CFO Consultant - Multiple Privately Held Companies -CFO consulting for oil & gas, travel and technology companies related to operations improvement and fund raising.
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  • Kaseware
    Cfo - Vc Backed
    Kaseware 2016 - 2017
    Denver, Co, Us
    Kaseware delivers Case Management SaaS (Software as a Service) for Government, Companies and Law Enforcement - www.kaseware.com -Retained to help startup launch and raise seed/VC funding.-Led scoping / initial setup of the company's processes, financials, HR and systems (CRM, ERP, Expense Management, HR Mgmt, etc.). -Led raising of a Seed Round - closing over $650k of VC / Seed Investor Convertible Note Financing.
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  • Eureka Resources, Llc
    Cfo - Pe Owned
    Eureka Resources, Llc 2016 - 2016
    Williamsport, Pa, Us
    Recruited to lead the finance, HR and IT functions directly and company operations indirectly. Responsible for all aspects of finance including Treasury, Accounting, Tax, Analysis and Reporting as well as IT, HR and Procurement. As COO I led all aspects of business planning, performance management, strategy development/execution and new business development. Executive Team member. Dual reporting to CEO and PE Board of Directors. -Changed banking relationship to unlock $1M of revolving liquidity and secure loan commitment of $500K-Drove Cash Flow Improvement Plan to turn company around and improve EBITDA +$4M on $15M Sales -Raised nearly $10M equity in order to enable turnaround and position company for growth-Led executive team to develop a strategy roadmap and laid foundation to implement proper operating rhythms to restore investor confidence and reduce execution risk-Led effort to develop new commercial business models including broadening service offerings, vertical integration of logistics, longer-term customer partnerships and potential mergers with competitorsEureka Resources provides services for the pre-treatment, recycling and disposal of wastewater from gas drilling and production operations in the Marcellus as well as the sale of byproduct salts and other chemicals.
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  • Ascend Performance Materials
    Cfo Chemicals - Pe Owned
    Ascend Performance Materials 2014 - 2015
    Houston, Texas, Us
    Recruited to take leadership over finance function for a complex manufacturing, logistics and commercial business unit.Led 4 finance teams (15 people/4 locations) supporting 2 world-scale chemical plants, commodity and specialty chemicals marketing/sales and strategy, planning and reporting. Spearheaded reorganization of company into 2 business units and establishing financial reporting, controls and operating rhythms. Responsible for all plant and business unit accounting, controls, deal/investment analysis and business/financial modeling & advice. Executive Team member. Key Accomplishments:•Reshaped finance team to significantly upgrade acumen including hiring and onboarding 9 new professionals in 6 months.•Led, as functional COO, a system of operating rhythms spanning business enabling real time operational control and nimble response to changing operational and competitive dynamics across sales, manufacturing, procurement & logistics.•Drove 20% improvement in bottom line from mid-year forecast to year end actual despite worsening market conditions - doubled result during first year.•Guided improvements to closing process, accounting policies and balance sheet management within first year.
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  • Univar Solutions
    Vice President Of Finance, Global Oil, Gas & Mining
    Univar Solutions 2013 - 2014
    Downers Grove, Il, Us
    Promoted and relocated within same company.Built a Global Finance Team – 5 direct reports and functional responsibility for 15+ globally. Spearheaded carve out of industry vertical (20% of Global Univar), accelerated integration of acquired $500M business and development of initial 5-year strategic plan. Responsible for corporate financial reporting to C-Suite and Board of Directors (BoD), management reporting and analysis, accounting decisions, capital investment program analysis and financial modeling/advice (M&A, commercial, investments) for business operating across six continents in >20 countries. Global Executive Team member. Key Accomplishments:•Led analysis and then negotiated for critical price increase with $400M+ customer, improving EBITDA by $5M.•Implemented new monthly reporting processes, enhanced financial analytics, and developed team’s commercial deal analysis capability that combined to drive an 8% turnaround of business performance in six months.•Achieved highest forecasting accuracy of any business in Univar and developed only market-based, multi-variable, predictive forecasting model in use within Univar (recognized by PE owners/BoD for achievement).•Put in place new accounting practices for two key customer-centric business processes enabling higher cost recovery/better profitability and improved revenue recognition and working capital efficiency.•Produced content for engagements with PE owners and BoD Advisory Council that successfully paved the way for rapid consolidation of all Oil, Gas & Mining activity within Univar and support for organic/acquisition growth.
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  • Univar Solutions
    Vice President, Finance, Purchasing & Administration
    Univar Solutions 2011 - 2013
    Downers Grove, Il, Us
    Recruited to take leadership over finance and administration functions for a complete Business Unit as Director of Finance and then promoted in role to Vice President and scope increased to include Purchasing and Administration (Sales Support/Inside Sales/Customer Service).Univar's Environmental Sciences business is a leading distributor of specialty chemicals and equipment with a leading market share in the US and growing share in the rest of the world.Built, then led finance, administrative and supply chain teams totaling 18 people providing commercial/finance support, administrative process management and procurement activity to the global business across 71 locations. Functionally responsible for Pricing Committee and Administrative Function (>100 people). Coordinated all financial and operational audit activity and responsible for all credit limit/terms decisions. Key Accomplishments:•11% top line / 16% bottom line growth in first full year in role, exceeding business plan.•Over $2M procurement savings delivered via implementation of strategic sourcing initiatives.•Over $500K margin improvements via pricing strategies developed via Pricing Committee that I established.•Instrumental in setup of a B2C online eCommerce platform expected to reach $20M sales in three years. •SAP Business Process Owner for Procure-to-Pay (PTP) (initial phase of SAP implementation).•Selected for Executive Leadership Institute (top 50 executives in Univar), promoted in role to VP early.
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  • Shell
    Commercial Project Finance Leader - Jiffy Lube
    Shell 2010 - 2011
    London, England, Gb
    Internally transferred to most critical strategic project for my business.One of three leads on a project to transform the Jiffy Lube Franchise Model from a Service Franchise to a Product Franchise.Key Accomplishments:•Put together and led team of 10 in a large commercial project targeted at existing service franchisees to convert them to a products franchise. $2.4B revenue over first 10 years. Uplift to bottom line vs. baseline premises of 40%.•Personally led negotiations with several customers and presented road-show materials to all customers.•Developed all commercial negotiating materials for all customers that assessed current deal economics vs. new offer, giving customers a view of the value and benefits and internal stakeholders detailed negotiating parameters.•Project awarded Shell Executive Vice President Award as most successful strategy project in 2011.
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  • Shell
    Finance Manager - Consumer Installed Lubricants
    Shell 2008 - 2011
    London, England, Gb
    Promoted and relocated by Shell.Led team of four analysts, providing comprehensive commercial/finance support to the business General Manager and 12 regional/sector managers in the US and Canada. Sales Leadership Team member responsible for driving closure of commercial deals, financial risk management, contract compliance, business assurance, business planning and MI reporting activities. (revenue $600M, expenses $35M, investment $75M and 200 employees). •Worked commercial deals totaling $500M+ revenue including analysis of and negotiation of new business, restructure of existing agreements, mitigation of changing commercial risk and overall structuring of contracts. Received two personal awards for results of leading final stage negotiations with customers representing over $50M of these deals.•Team analysis and direct financial support drove overall year-on-year bottom-line growth and a flat top-line/improved market share in a down-10%-market and 20%+ growth of key strategic product lines.•Improved overall portfolio risk profile by 10% through active management of credit terms, counterparty risk, and commercial terms via deal restructuring and work-out plans.•Played key role in complete restructuring of business, transitioning nearly 40% of customers to an indirect sales model, reorganizing to a sector-focused sales force, and full integration of the Canadian business. •Implemented off-shoring of all US Lubricants business MI reporting including scoping, process standardization/ documentation, organizational design, training, dual-processing, go-live activities and project look-backs.
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  • Shell
    Project Leader / Management Consultant
    Shell 2006 - 2008
    London, England, Gb
    Relocated via High-Potential Expatriate Program by Shell.Strategy & Management Consultancy provides internal leadership of key Downstream Leadership Team-driven strategy projects as well as support to all Shell businesses globally via a team of over 50 consultants.•Led $1B+ business divestment decision project, including financials, asset packaging, and buyer analysis.•Delivered comprehensive analysis/portfolio optimization framework for Shell’s largest market (>$50B assets).•Delivered mitigation plans to shape continued operations following major asset divestment in a large European country, reducing total exposure by $70M and restructuring all overhead functions (300+ people impact).•Led project to restructure Shell Europe Upstream HSSE (500 people, $50M), receiving personal award for result. •Delivered global niche product supply strategy, focused on supply forecasting and arbitrage. Saved $5M.
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  • Shell
    Business Analysis And Reporting Manager
    Shell 2004 - 2006
    London, England, Gb
    Promoted and relocated by Shell.Highly complex petrochemical refining facility (refining margin $1.4B, expenses $500M, capex $100M and 1,000 employees)Role Description: Led team of five finance analysts, supporting Leadership Team, analyzing business results, creating management reporting, leading business planning, supporting business decisions (investments, cost reduction, profitability), and driving period end closing process. Key Accomplishments: •Led design and implementation of an SAP-based fixed assets accounting system across US refining, resulting in off-shoring of accounting functions, and reduction of seven positions.•Drove $20M cost reduction plan through implementation of a Cost Leadership Process across US refining. •Led 15-member Global Fixed Asset Accounting Network with responsibility for 50+ manufacturing facilities. Team made key accounting decisions, process improvements and provided advice to local implementation of IFRS standards and Sarbanes-Oxley (SOX) controls.•Led nine-member US Manufacturing Capital Projects Network, developing/implementing SOX controls, adopting IFRS, including US GAAP to IFRS reconciliation, MI development, and ERP system integration.•Implemented project economic analysis framework resulting in over $5M available for value-driving projects.•Reshaped finance culture to focus on business results and financial analysis instead of accounting/reporting.•Selected from 25 high-performing peers to facilitate high-potential finance manager learning conference.
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  • Shell
    Business Analyst
    Shell 2003 - 2004
    London, England, Gb
    Recruited from Navy by specialty Junior Military Officer (JMO) Recruiter as the first hire in a newly created Shell Finance JMO Program.Highly complex refinery (refining margin $2.4B, expenses $600M, capex $150M and over 1,000 employees) - Motiva Port Arthur Refinery.Key Accomplishments:•Saved $14M in seven months through developing/implementing a sustainable Cost Leadership methodology. •Trained US refinery personnel on new ERP system due to recognized expertise (cost savings of >$100K). •Highest accuracy rate of monthly cash flow management via capital expenditure forecasting in US for two years.•Chosen as a participant in Parent Company’s US high-potential manager finance learning conference.
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  • Us Navy
    Program Director / Lead / Project Manager (Boost, Seaman-To-Admiral 21St Century, Sta-21/Nsi)
    Us Navy 2000 - 2002
    Washington, Dc, Us
    Promoted (job, not rank) in role from BOOST Company Officer to Program Director / Lead / Project Manager of the Seaman to Admiral 21st Century (STA-21) / Naval Science Institute (NSI) programs.Program designed to train 1500 students per year providing academic and military training in advance of transfer to universities to complete Bachelor’s Degrees before becoming Navy/Marine Corps Officers. Role Description:Selected in highly competitive process to lead a project to consolidate 14 existing Navy officer programs into one streamlined program and then to lead the first year of the program. Led team of 22 through a project and program startup involving new facility construction, curriculum development, training program creation, staff onboarding/training, legacy program wind-down, student onboarding/logistics and more.Key Accomplishments:•Achieved 100% academic success rate and <0.5% attrition during 1st year of the program, 4.5% better than target and 20% better than average of previous officer program over the previous five years.•Delivered project on time and on budget ($1.6M).•Successfully setup outsourced services/building contracts to deliver ongoing cost performance within budget.
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  • Us Navy
    Navigator/Communicator/Reactor Controls/Electrical Officer, Uss Parche (Ssn 683)
    Us Navy 1996 - 2000
    Washington, Dc, Us
    Promoted twice in role (rank and job/responsibilities).Nuclear Attack Submarine with 185 crewmen. Key Accomplishments:•Led team of 25 maintaining/operating critical ship systems. $25M equipment, $300K budget.•Redesigned maintenance systems, audit programs and risk management systems resulting in several zero-deficiency inspections, no safety/reliability incidents and 100% operational availability.•As Quality Assurance Officer, led zero-deficiency, six week, $60M+ overhaul (turnaround) of all major ship’s systems, including nuclear containment, pressure integrity, ship’s safety and other critical systems.•As Drill coordinator, led crew to top marks on three operational certification tests.•Engineering Watch Officer for three Operational Reactor Safeguards Exams, receiving top marks / no major deficiencies for each.•Ship’s Watch Officer for multiple tactical and operational certifications, receiving top marks / full mission and tactical certification.•Directly contributed to ship earning the prestigious Presidential Unit Citation while conducting challenging ocean engineering operations, cementing its record as the most highly decorated ship in US Navy history.
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John Tunison Education Details

  • United States Naval Academy
    United States Naval Academy
    Political Science/German
  • University Of Rhode Island
    University Of Rhode Island
    Finance
  • Prospective Nuclear Engineer Officer (Pneo)
    Prospective Nuclear Engineer Officer (Pneo)
    Certified Nuclear Engineer
  • Naval Nuclear Prototype Training Unit - Ballston Spa
    Naval Nuclear Prototype Training Unit - Ballston Spa
    Graduate
  • Nuclear Power School - Naval Nuclear Power Training Command (Nnptc)
    Nuclear Power School - Naval Nuclear Power Training Command (Nnptc)
    Nuclear Engineering
  • Capital High School
    Capital High School
    Hs Diploma

Frequently Asked Questions about John Tunison

What company does John Tunison work for?

John Tunison works for Soluna

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

John Tunison's current role is CFO / Chief Financial Officer | PE | VC | Public | Renewables | Blockchain | AI/LLM | Manufacturing | Distribution | Technology | Energy | Building Products | Construction | Strategy | Debt & Equity Raising | M&A.

What is John Tunison's email address?

John Tunison's email address is jo****@****way.com

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What schools did John Tunison attend?

John Tunison attended United States Naval Academy, University Of Rhode Island, Prospective Nuclear Engineer Officer (Pneo), Naval Nuclear Prototype Training Unit - Ballston Spa, Nuclear Power School - Naval Nuclear Power Training Command (Nnptc), Capital High School.

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