Ken Bayne

Ken Bayne Email and Phone Number

Chief Financial Officer at Jojo's Chocolate @ JOJO's Chocolate
Ken Bayne's Location
Salt Lake City Metropolitan Area, United States, United States
About Ken Bayne

Financial executive with proven success in leading and professionalizing financial organizations in private and PE-backed mid-market firms across a variety of industries within the manufacturing and professional services sectors. Veteran of three successful ownership exit transactions. A highly analytical, yet outgoing, professional with deep hands-on skill sets in M&A, manufacturing/cost accounting, transactional accounting, FP&A, treasury, and operational problem solving as well as developing and retaining the highest caliber of talent. A hands-on leader-by-example. Excels in translating ideas into strategic and tactical action plans and quickly adapting as the competitive landscape changes. A solution finder who advances the business in concert with multiple stakeholders including President/CEO, peer-group management, board of directors, direct reports, and external parties.

Ken Bayne's Current Company Details
JOJO's Chocolate

Jojo'S Chocolate

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Chief Financial Officer at Jojo's Chocolate
Ken Bayne Work Experience Details
  • Jojo'S Chocolate
    Chief Financial Officer
    Jojo'S Chocolate Mar 2024 - Present
    Sandy , Utah, Us
  • Mountain Group Logistics
    Chief Financial Officer
    Mountain Group Logistics Aug 2023 - Mar 2024
    Selected and implemented Microsoft Dynamics Business Central ERP. Insourced accounting functions and developed accounting processes to support company's future growth.
  • Dfs Gourmet Specialties, Inc.
    Chief Financial Officer
    Dfs Gourmet Specialties, Inc. Mar 2021 - Aug 2023
    Salt Lake City, Utah, Us
    Joined firm upon private equity (Promus Equity) purchase of company from its founders. Re-built finance team, policies, controls, and processes. Transformed from non-GAAP financials at acquisition to audited financials in 9 months. Implemented new ERP (Sage X3). Developed comprehensive manufacturing cost and inventory accounting processes providing insights into operations profitability. Designed and executed Company’s commodity hedging program to reduce raw materials price volatility.
  • Creminelli Fine Meats, Llc
    Chief Financial Officer
    Creminelli Fine Meats, Llc 2015 - 2020
    Member of core team driving successful founder exit/sale to PE buyer. Coordinated investment bankers, financial modeling, and legal teams.Sponsored & advocated actions to expand gross margin including new product development changes, focus on operational efficiency, and strategic outsourcing. Implemented a new FP&A / management reporting platform (Adaptive Insights), including creating a comprehensive annual budget and rolling forecast process along with insightful monthly management and board financial reporting packages.
  • Sport Court
    Chief Financial Officer
    Sport Court 2012 - 2015
    Salt Lake City, Us
    Restructured and re-staffed the financial organization, with emphasis on creating core financial competency, improving internal controls, and implementing actionable management reporting. Led sell-side due diligence activity. Clean diligence and well-documented adjustments contributed to a higher sale multiple. Analyzed and developed valuation strategy for acquisition of a major product line extension. Presented monthly financials and MD&A to PE-board of directors (Riverside Company portfolio)
  • Drmp, Inc.
    Chief Financial Officer
    Drmp, Inc. 2008 - 2012
    Orlando, Fl, Us
    Took decisive action to avert liquidity crisis during the 2008-2011 recession. Actions resulted in generation of highest annual operating cash flow in the company’s 30-year history. Reduced days sales outstanding by 20% by formalizing collections procedures and designing and implementing client credit risk management actions. Improved finance department productivity by over 40% through organizational and business process redesign while improving internal customer satisfaction and enhancing internal controls. Championed project to document and claim a $1.6M R&D federal tax credit (30% improvement to book equity of company / subsequent IRS audit resulted in no adjustment).
  • Bairnco Corporation
    Chief Financial Officer
    Bairnco Corporation 2005 - 2007
    Us
    Responsible for all financial affairs in $180M multi-entity/multinational (US + Mexico, China, France, UK) NYSE-listed micro-cap corporation, including investor relations and board of directors and SEC reporting. Developed asset valuation, conducted due diligence, and secured financing for acquisitions. Coordinated legal, PR, investment banking, and shareholder advocacy organizations during proxy solicitation process.
  • Boston Scientific
    Assistant Treasurer
    Boston Scientific 2003 - 2005
    Marlborough, Ma, Us
    Directed team of 4 responsible for core treasury activities in $3.8B F500 corporation, including FX and interest rate risk management, cash forecasting, equity comp programs, and 401(k) plan oversight. Developed and maintained corporate banking relationships, including management of $900M 15-bank syndicated credit facility.
  • Guidant Canada Corporation
    Director Of Finance/Controller
    Guidant Canada Corporation 2001 - 2003
    Executive-team financial leader for US$55M affiliate. Reported through EU HQ. Directed team of 15 in finance, customer service, logistics/distribution, and IT.

Ken Bayne Skills

Financial Analysis Strategy Management Cash Flow Accounting Financial Modeling Banking Analysis Strategic Planning Managerial Finance Due Diligence Leadership Budgets Operations Management Finance Business Process Improvement Project Management Microsoft Excel Mergers And Acquisitions Strategic Financial Planning Valuation Financial Management Manufacturing Forecasting Banking Relationships Cost Accounting Risk Management Solution Finder Management Accounting Treasury 401 Retirement Savings Plans Equity Compensation Executive Management U.s. Generally Accepted Accounting Principles Microsoft Dynamics Erp Working Capital Management Variance Analysis Private Equity High Growth Companies Consumer Package Goods

Ken Bayne Education Details

  • University Of Michigan - Stephen M. Ross School Of Business
    University Of Michigan - Stephen M. Ross School Of Business
    Operations Management
  • University Of Michigan College Of Engineering
    University Of Michigan College Of Engineering
    Aerospace Engineering
  • Nols
    Nols

Frequently Asked Questions about Ken Bayne

What company does Ken Bayne work for?

Ken Bayne works for Jojo's Chocolate

What is Ken Bayne's role at the current company?

Ken Bayne's current role is Chief Financial Officer at Jojo's Chocolate.

What is Ken Bayne's email address?

Ken Bayne's email address is ke****@****ail.com

What is Ken Bayne's direct phone number?

Ken Bayne's direct phone number is +180197*****

What schools did Ken Bayne attend?

Ken Bayne attended University Of Michigan - Stephen M. Ross School Of Business, University Of Michigan College Of Engineering, Nols.

What skills is Ken Bayne known for?

Ken Bayne has skills like Financial Analysis, Strategy, Management, Cash Flow, Accounting, Financial Modeling, Banking, Analysis, Strategic Planning, Managerial Finance, Due Diligence, Leadership.

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