Michael Chang Email & Phone Number

Los Angeles, CA, US

• Independent consulting and fractional CFO work with emerging and growth companies.
• Guided executive team through first structured planning process at a $1B food brand, establishing departmental KPIs and budgets.
• Co-developed a GTM strategy and forecast (by product, channel, customer) for a doctor led personal care company.
• Ongoing finance and M&A advisory work with a leading beauty formulation company and incubated brand.

• Operated 4 owned businesses as the fractional CFO/COO: a sports agency, a marketing agency / consumer incubator, UN/DN (nail polish brand) and a real estate tech platform.
• Developed and executed the consumer incubation strategy; launched the first incubated brand UN/DN, built an outsourced team, raised growth equity and generated significant revenues in year 1 with 40%+ contribution.
• Led strategic finance initiatives that resulted in 100%+ revenue growth in two years for the sports agency and real estate tech platform.
• Managed family office's cash flow and budget.

Santa Monica, California, US

• Served as the CFO and COO at influencer oriented consumer brand incubator that built Art of Sport (AOS; personal care products) and Seventh Spark (SS; streaming service for religious content), both backed by Lightspeed.
• Launched all three companies and executed key hires, including Sales VP for AOS and VP of Product for SS.
• Closed series B for AOS upon achieving $10M+ revenues by year 2.
• Led COVID-19 financial planning and cost reduction for all companies, in particular NWC by 30% and opex by 25% for AOS while growing online revenues by 30% and launching in Target nationwide ($6M+ revenues in the first.
• Implemented KPIs and enhanced analytics that led to a SKU rationalization of 50+ product variations and a strategic shift from artofsport.com to Amazon that resulted in 30% revenue growth and 3% EBITDA margin gain.
• Restructured to bi-coastal supply chain network, improving OTIF (98%), shipping times (5 to 3 days) and margin (2% blended) via new copacker and 3PL relationships and Netsuite ERP implementation.

Fullerton, CA, US

• U.S. division of the largest health food manufacturer in South Korea. Worldwide sales of $2+ billion for products ranging from tofu, baby food, ready meals to cold press juice.Executed growth initiatives including JV.
• Co-led Nasoya acquisition (largest U.S. tofu brand) and PMI, partnering with business units and advisors to deliver $7M profit synergies primarily via bi-coastal manufacturing, exiting unprofitable products and.
• Structured a $20M JV with a large food company across product, supply chain and finance verticals.
• Worked with executive team and Board to restructure Monterey Gourmet Foods via a copack strategy, saving $10M+ in annual opex.
• Project managed a significant ERP migration from Microsoft NAV to Oracle.

Santa Monica, CA, US

• Developed investment and incubation strategy for the licensing agency, including sourcing and strategic planning for the Mommy & Me brand.
• Advised Eastman Kodak and developed a new strategy whereby Kodak shuttered its digital imaging division and licensed the brand to its Asian supplier, savings $300M+ in annual operating costs.
• Co-created a growth plan to acquire No Fear (apparel brand) out of bankruptcy and to increase revenues to $20M.

US

• Executed both public and private, buy and sell-side M&A and capital raises mainly in consumer, tech, and business services. Worked closely with CEOs and CFOs to develop strategies, financial projections and valuation.
• Advised Pulmuone alongside BCG by assessing the BFY food market and growth dynamics in the U.S. and managed end-to-end execution of its beachhead acquisition of Monterey Gourmet Foods (ticker PSTA).
• Facilitated IrisGuard’s (biometric tech) hyper growth trajectory by raising from U.S. Private Equity, identifying and onboarding strategic advisors and providing financial analyses that enhanced EBITDA margin by 5%.
• Executed a $210M equity public offering and a Fairness Opinion to the Board to strengthen Hanmi Financial’s position as a large regional bank during the financial crisis.
• Achieved 2 promotions in 4 years; hired, mentored and trained analysts and associates, including after-hours financial modeling coaching, formal processes and templates creation, and career development guidance.

Cleveland, OH, US

• Actively contributed to 12 M&A and equity/debt financing transactions and led the expansion into Restaurant and Apparel by researching and synthesizing industry data into growth and M&A perspectives.
• Often served as the go-to analyst for complicated analyses using DCF, LBO, accretion/dilution, and merger models to help inform key client strategic options and decisions.

New York, NY, US

• Served as assistant trader to monitor trading positions for Municipal, Government Agency, Corporate, and Mortgaged-Backed securities. Analyzed yields, option characteristics, and structure of these securities.

Master Of Business Administration (M.B.A.)

Bs, Finance, International Business

Education record