Michael Henricks

Michael Henricks Email and Phone Number

Chief Executive Officer @ Community Brands
Michael Henricks's Location
Dallas-Fort Worth Metroplex, United States, United States
About Michael Henricks

As CEO of Momentive Software, I am dedicated to driving growth, innovation, and transformation for mission-oriented organizations. With over 30 years of experience across the financial services, business services, and technology sectors, I bring a unique blend of leadership in both finance, operations and GTM, focused on delivering exceptional business outcomes.At Momentive Software, I lead our team through our next phase of growth, ensuring that we remain committed to our customers, our people, and our vision for positive social impact. I am passionate about fostering a culture of innovation that breaks down barriers and enables our clients to thrive in today’s ever-changing landscape.Before becoming CEO, I served as CFO of Momentive, guiding the company through its acquisition by TA Associates. Throughout my career, I have held leadership roles at industry-leading companies, including Shermco Industries, BakerCorp, and Stream Global Services, where I drove significant revenue and EBITDA growth. I also gained valuable experience at Comdata and Ceridian, leading financial strategy and operational excellence in these pivotal roles.What sets me apart as a leader is my ability to seamlessly integrate financial strategy with operational leadership. I’ve not only managed financial functions like FP&A, treasury, and investor relations, but I’ve also led sales and operational teams, aligning strategies to drive growth and improve efficiency.I am committed to being a champion of change and a strategic partner for growth, always focused on building great teams, driving innovative thinking, and creating value for our customers. My expertise includes risk management, treasury and capital markets, investor relations, and leading complex integrations and acquisitions.I am GE Six Sigma trained and hold a bachelor’s degree in economics from St. Olaf College and a master’s degree in Accounting and Finance from the University of Minnesota’s Carlson School of Management.

Michael Henricks's Current Company Details
Community Brands

Community Brands

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Chief Executive Officer
Michael Henricks Work Experience Details
  • Community Brands
    Chief Executive Officer
    Community Brands Jul 2024 - Present
    St. Petersburg, Fl, Us
  • Community Brands
    Chief Financial Officer
    Community Brands May 2021 - Present
    St. Petersburg, Fl, Us
  • Self-Employed
    Advisor
    Self-Employed Nov 2020 - Present
  • Shermco Industries
    Chief Financial Officer
    Shermco Industries Mar 2019 - Oct 2020
    Irving, Texas, Us
    • Drove a simplification effort that helped the Company grow from $222M of revenue and $24M of EBITDA to $353M of revenue and $57M of EBITDA in first year. Closed 5 add-on acquisitions. • Merged six ERPs into one new ERP, consolidating four chart of accounts into one chart of accounts. Implemented a reporting and planning software, helping to cut close time in half. Implemented daily KPI tracking. Created real-time Company dashboard to track safety, training and utilization by person to increase compliance.• Revamped billing and collections process that resulted in DSO being reduced from 88 days to 52 days.• Started Union entity from ground zero, established 3 CBAs and grew to $10M in year one. • Moved Company’s infrastructure to Co-Lo from on-premise to reduce risk and improve performance.
  • Ruffalo Noel Levitz
    Interim Chief Financial Officer
    Ruffalo Noel Levitz Jan 2019 - Mar 2019
    Cedar Rapids, Ia, Us
    Served as Interim CFO of RNL. Lead its divestiture of RNL's Australian and UK businesses. Oversaw ASC606 workstream.
  • Bakercorp
    Chief Financial Officer
    Bakercorp Oct 2017 - Sep 2018
    Plano, Texas, Us
    $300M+ annual revenue specialty rental company. Owned by Permira. Led the successful sale of the business to United Rentals.Responsible for FP&A, accounting, internal audit, and treasury. Managed though going concern opinion and SEC comment letter as a public filer. Cut closing cycle and board reporting by 2 weeks.Helped drive TTM EBITDA from $68M to $81M at sale.
  • Mortgage Contracting Services
    Chief Financial Officer
    Mortgage Contracting Services Jun 2015 - Oct 2017
    Lewisville, Tx, Us
    $400M revenue company in the mortgage services space. Owned by a private equity fund (TDR) and a family office (CEP). Lead the successful sale of the business to American Securities.Responsible for FP&A, accounting, internal audit, treasury and investor relations. Successfully sourced and closed 3 acquisitions, helping expand the business into new product lines.
  • Sourcehov
    Chief Financial Officer
    Sourcehov Mar 2014 - Dec 2014
    Irving, Tx, Us
    $950M annual revenue transaction process outsourcing company in the medical and legal claims space. Owned by a private equity fund (TRG) and a family office (HGM)Responsible for FP&A, pricing, real estate, sales operations, accounting, internal audit, treasury and investor relations.Moved DSO from being an average of 61% current to 92% current.Oversaw the acquisition of BancTec, a $1B refinancing effort and redemption of the shares of the majority owner.
  • Stream Global Services
    Chief Financial Officer
    Stream Global Services Mar 2011 - Mar 2014
    Eagan, Mn, Us
    $1B+ annual revenue global call center outsourcing company. Taken private by Ares Capital, Providence Equity Partners and Ayala. (Ticker: SGS)Responsible for FP&A, pricing, real estate, sales operations, accounting, internal audit, treasury and investor relations. Rebuilt team to meet needs of larger company.Drove an increase in revenue of 26% ($800M to $1,009M) and 85% ($71M to $132M) in EBITDA in 3 years. Lead the acquisition of a UK competitor, including leading due diligence and securing financing. Acquired a company in Tunsia that represented a product extension.Lead the company's refinancing efforts of $230M of high yield debt.Implemented improved close and forecast process resulting in 2 week cycle time improvement and improved accuracy. Implemented new pricing processes to reduce “leakage” and better utilize company capacity. Improved reporting of financials to better understand company performance and drive company strategy. Reduced DSO by 29%.Lead new real estate strategy development, creating a more flexible footprint and produced $7.0M of in year savings. Created a capacity process that reduced capital expenditure in 2011 by $8M.Successfully negotiated an agreement with union in Milan representing our employees that saved Stream $4M.
  • Comdata
    Svp Finance, Cfo
    Comdata Sep 2009 - Apr 2011
    Brentwood, Tn, Us
    A $400M annual revenue payments company owned by TH Lee and Fidelity National Financial.Responsible for all finance functions including, FP&A, Treasury, Accounting, billing and SOX. Production and publication of stand-alone audited financials. Reduced team size from 86 to 68 people.Structured and placed a $300M securitization facility. Daily interaction with Private Equity owners.Lead $16M cost out-effort, driving EBITDA margins to over 50%. Implemented Check21 technology to generate $2.5M cash flow improvement. Implemented cash forecasting process for daily and monthly funding requirements. Improved controllership in business unit, eliminating over 100 unreconciled accounts and documenting significant accounting policies. General Manager for Comdata compliance solutions, leading staff of over 100 employees. Stopped double digit customer attrition and reduced penalties by over $100k monthly.
  • Ceridian
    Vp Finance
    Ceridian Dec 2007 - Sep 2009
    Minneapolis, Mn, Us
    Cut cash loss of the business unit from prior year $16M and budgeted $10M loss to $2.5M loss while faced with lower than expected revenue growth.Lead strategic efforts too enhance and develop multi-national services offering in over 47 countries.
  • Ameriprise Financial Services, Inc.
    Director - Strategic Analysis
    Ameriprise Financial Services, Inc. Jan 2007 - Dec 2007
    Minneapolis, Mn, Us
    Responsibilities included: (1) mergers and acquisitions target valuation, due diligence process leadership, negotiation support, and integration planning; (2) competitor benchmarking analysis; (3) long-range strategic planning and target setting; (4) analytical support of cross-business segment projects; and (v) development and oversight of financial analysis standards for the company. Ameriprise is an $8B in revenue company with 3 segments: Asset Management, Insurance and Annuity, and Broker Dealer.
  • Ge Capital
    Director Pricing
    Ge Capital 2002 - 2007
    Norwalk, Ct, Us
    Lead customer re-pricing effort driving over 23% increase in portfolio profitability. As a new business sales person achieved over 450% of quota.Managed team of five pricing analysts in pursuit of business goals and development of department strategic direction. Changes implemented represented addition of $450M of Net Earning Assets.Led the change of pricing from current portfolio to growth enablement focus. Implemented value pricing approach on new and existing products offerings. Worked cross-functionally to establish the pricing structure of two new products based on value to customer and competitive offerings. Created a competitive intelligence gathering process focused on compliance and allowing development of better deal strategy. Rolled out this process to all customer-facing functions in Fleet. This process was citied as a GE-wide best practice and presented at an internal pricing forum.Received awards from GE for three consecutive rotations as top manager in the Financial Management Program (FMP).
  • Northwest Airlines
    Senior Financial Analyst
    Northwest Airlines 2000 - 2002
    Us
    Responsible for $1B pilot budget. Drove savings efforts and assisted in pilot contract negotiations.Developed budget, forecast and reporting for $1B annual pilot payroll. Reduced forecast variance to two tenths of a percent from over three percent.Participated in the re-negotiation of pilot contract. Implemented rule changes worth over $30 million in reduced crew costs.Automated an operational process resulting in a 28% staff reduction resulting in a $1M cost take-out.Analyzed various capital proposals to determine operational feasibility and financial return based on NPV and IRR.Responsible for analysis of approximately $125M in capital budget requests and preparation of final $25M capital budget.
  • Ctc Distribution Direct
    Business Analyst
    Ctc Distribution Direct 1997 - 1998
    Determined feasibility of developing a new product line. Evaluated the ROI on potential business line in comparison to other business opportunities. Located and corrected inefficiencies in business operation equal to the net margin of $5M in new business. Devised and developed pricing model for existing customers representing a $450M line of business.

Michael Henricks Skills

Financial Analysis Financial Modeling Strategy Process Improvement Mergers And Acquisitions Finance Analysis Forecasting Strategic Planning Management Business Process Improvement Change Management Leadership Managerial Finance Business Strategy Outsourcing Business Analysis Financial Reporting Pricing Cross Functional Team Leadership Corporate Finance Negotiation Strategic Financial Planning Budgets Risk Management Due Diligence Financial Planning Mergers Budgeting Accounting Business Development Business Planning Banking Valuation Sarbanes Oxley Act Team Building Financial Accounting Corporate Financial Reporting Sec Financial Reporting

Michael Henricks Education Details

  • University Of Minnesota - Carlson School Of Management
    University Of Minnesota - Carlson School Of Management
    Accounting And Finance
  • St. Olaf College
    St. Olaf College
    Economics
  • Farmington
    Farmington

Frequently Asked Questions about Michael Henricks

What company does Michael Henricks work for?

Michael Henricks works for Community Brands

What is Michael Henricks's role at the current company?

Michael Henricks's current role is Chief Executive Officer.

What is Michael Henricks's email address?

Michael Henricks's email address is mi****@****hoo.com

What is Michael Henricks's direct phone number?

Michael Henricks's direct phone number is +197298*****

What schools did Michael Henricks attend?

Michael Henricks attended University Of Minnesota - Carlson School Of Management, St. Olaf College, Farmington.

What skills is Michael Henricks known for?

Michael Henricks has skills like Financial Analysis, Financial Modeling, Strategy, Process Improvement, Mergers And Acquisitions, Finance, Analysis, Forecasting, Strategic Planning, Management, Business Process Improvement, Change Management.

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