Larry P. Wallace Email & Phone Number

Manage all aspects of accounting, financial planning/analysis, audit, cash management, riskmanagement and tax for this group of 3 companies owned by private individual with ~$20m in combinedsales. Diverse mix of businesses; a start-up in the distribution business, a growth company in therenewable energy business and a mature repair/service company. Key driver of day to day operationsand long-term business strategy, reporting direct to the owner.

Manage all aspects of accounting, financial planning/analysis, audit, cash management, risk management and tax for this privately held midsize information as a service provider. Key driver of day today operations and long-term business strategy, reporting direct to the CEO.• Significantly improved earned revenue recognition and financial reporting to provide more timely andaccurate information to drive the business forward.

Miramar, Florida, Us

Manage all aspects of accounting, financial planning/analysis, cash management and logistics for this $13M international avionics equipment manufacturer and distributor. Key driver of day to day operations and long-term business strategy, reporting direct to the CEO. Responsible for all financial reporting and analysis for private equity owners including very detailed monthly reviews.• Managed roll-out of new ERP system for the distribution and overall management portion of the business, including ensuring all AS9120 requirements met.• Significantly improved information provided for monthly reviews with private equity owners and internal customers such as sales.• Driving folding this business into another company recently acquired by private equity owners as part of a roll-up strategy.

Eden Prairie, Minnesota, Us

Business intelligence, US commissions and FP&A for this large worldwide legal technology company. Duties include business intelligence development/reporting, monthly commission program administration for ~35 US sales representatives, worldwide budget/forecast, analysis of actuals, and board presentations.• Consolidated U.S. commission process into one centralized function from three. Developed a new commission calculation model significantly reducing payment errors and improving reporting timeliness and transparency to sales representatives.• Prepared worldwide asset revaluation for $200M acquisition.

Eden Prairie, Minnesota, Us

Managed all controllership and some fp&a for the $25M RenewData legal technology subsidiary (acquired in late 2014 by KLDiscovery). Full ownership for closing the books, generating timely and accurate financials/reporting, cash management, billing, collections, ar, ap, payroll, fixed assets, financial and sales tax audits, income and franchise tax compliance/analysis. Shared ownership with CFO for budgeting, forecasting, banking, capex and risk management. Accounting complexities included revenue recognition/deferred revenue, tenant leasehold improvements, intercompany pricing, prepaid hardware and software maintenance, prepaid software licenses, preferred stock, capitalized leases and RLOC covenant reporting. Financial analysis included comparison and bridging of BS, P&L and department actuals versus budget, forecast and prior year.• Generated opening balance sheet including all acquisition related adjustments after purchase by KrolLDiscovery.• Managed settlement of Seller’s escrow funds post acquisition.• Analysis and reporting on revenue by customer. Detailed profitability analysis and pricing support for major customers.• Directed ERP system upgrade

Brought on by the CEO/owner to a) lead the finance and accounting team, b) identify and drive pre-tax income improvement of two to five points and c) drive improvements in cash flow management, risk management, systems, reporting, accounting discipline, financial analysis, and cost accounting.

Apopka, Fl, Us

Lead and manage all aspects of a 50-100 employee, high-reliability semiconductor manufacturing business focused on worldwide military and aerospace markets. Responsibilities include Sales, Marketing, Manufacturing, Strategy, R&D, Quality, Finance, IT and HR. • Led business turnaround to the highest annual profit ($ and %) in seven years. Changed approach to sales channels, markets, products and development.• Reduced break-even point by 20% to ensure acceptable profitability during initial year in this role. • Heavily involved in sale and transition of this business and sister companies from a private holding company to a private equity fund. • Transformed dysfunctional culture to a lean, functional team environment.

Apopka, Fl, Us

Managed the Austin Semiconductor subsidiary Finance, HR and IT functions. Responsible for consolidation and oversight of financials for subsidiary in UK.• Brought credibility and confidence back to a finance function plagued by poor accounting practices, missed forecast and a lack of standard processes. • Drove significant improvements in IT standardization and network security.

Austin, Texas, Us

Managed coordination, consolidation and reporting of Technology group’s budget, forecasts and actuals for financial, capital and resource analysis; group consisted of 16 worldwide R&D labs with combined $400M operating expenses, $150M capital and 1,900+ employees. Managed staff of three. Provided direct financial/business support to four labs with $95M of operating expense. Prepared CTO’s monthly financial presentation for CEO. • Provided financial management of a $25M+ technology joint development partnership with TSMC. • Led R&D Finance team in effort to standardize, simplify and centralize processes; efforts enabled year on year 25% reduction in Finance staff, while number of labs supported increased by 35%.

Provided business direction and guidance on financial performance, capital, program management and organizational effectiveness to a worldwide technology lab. Member of leadership team which managed all aspects of the technology lab’s operations in Asia Pacific and the U.S.; lab operating budget of $24 to $41M with 130 to 270 employees. Managed staff of five. Drove annual expense and capital budgets, including presentation and selling of planned programs and allocations to business units. Managed lab’s operating expense, capital and census against budget and forecasts in environment of ongoing financial constraints. Coordinated senior management presentations including LRP and Ops reviews. Provided financial modeling/evaluation of development projects and potential technology acquisition candidates. Coordinated roll-out of SAP systems. • Member of strategic planning team which evaluated and set factory/product rationalization strategy for 45 percent of manufacturing organization (back-end); resulted in $100M+ annual savings.• Managed a structured project management process focused on New Technology Introduction.

Austin, Texas, Us

Provided full P&L / balance sheet financial planning and analysis for Americas operations ($250M+ in sales) of a $600M division headquartered in Europe; accounting included orders, sales, manufacturing cost/variances, R&D, sales, marketing and administrative cost. Provided same for division’s worldwide 16 bit technology and design organizations. Led management of worldwide inventory exposure and $60M technology cost reduction programs. Managed interface to U.S. based group headquarters of business units. Managed staff of two.

Austin, Texas, Us

Prepared and analyzed factory actual, rolling forecasts, and budgets for a multiprocess facility (Bump, Probe, Assembly, Test and Burn-in) with 550 employees and $170M+ manufacturing cost. Provided analysis/business support for Factory Director. Championed introduction of Foundry work resulting in multimillion sales increase from unutilized capacity.

Mba, Finance

Bba, Accounting/Finance