Mike Burnett

Mike Burnett Email and Phone Number

Chief Financial Officer / Financial Advisor
Mike Burnett's Location
Scottsdale, Arizona, United States, United States
About Mike Burnett

Experienced and versatile financial executive with record of achievement in each position throughout his career. A proven leader with strong communication and interpersonal skills with the ability to clearly and concisely articulate a company’s message. A trusted, action-oriented team player with poise, pervasiveness and credibility. Experience with all levels of company stakeholders, including board of directors, senior executives, debt and equity investors, financial institutions, rating agencies, insurance providers and tax professionals.

Mike Burnett's Current Company Details

Chief Financial Officer / Financial Advisor
Mike Burnett Work Experience Details
  • Offerpad
    Chief Financial Officer
    Offerpad Oct 2019 - Aug 2023
    Chandler, Arizona, Us
    ➢ Prepared the private company for a potential liquidity event which ultimately resulted in a $2.25 billion IPO DeSPAC in 2021. Led all aspects of the process culminating in the successful NYSE listing➢ Built a high performing, public company-ready Accounting, Finance, Treasury and Investor Relations organization that implemented first year SOX without any significant deficiencies, raised both private and public equity and debt capital, and established an effective IR program onboarding seven sell-side equity analysts in the first year ➢ Expanded and diversified the debt capital structure by adding two major institutions and two new lenders through asset-backed credit facilities and loan programs in excess of $2 billion➢ Raised over $350 million in equity transactions over three years consisting of Series C private placement, PIPE and follow on equity/warrant securities
  • Av Homes, Inc.
    Executive Vice President, Chief Financial Officer
    Av Homes, Inc. Oct 2013 - Oct 2018
    Scottsdale, Arizona, Us
    ➢ Executed five-year strategic business plan resulting in revenue growth from $140 million to a run rate of nearly $1 billion through a combination of organic growth and acquisitions➢ Acquired and integrated four homebuilding companies with a combined transaction value of over $260 million, two of which increased existing market positions to more effectively leverage the in-place cost structure, and two subsequently expanded our operational footprint and increased the geographic diversification ➢ Reversed trend of operating losses to one of sustainable profits, expanding operating margins by effectively leveraging our cost base and improving efficiency➢ Raised over $1.1 billion in aggregate debt capital, including the Company’s debut high yield offering, initial senior credit facility and convertible notes, subsequently refinancing and expanding each to increase liquidity and reduce borrowing costs➢ Evaluated and hired corporate and division finance and accounting VP and Director positions aligning skill sets for rapid-growth environment, creating high performing, agile team➢ Performed a lead role in the evaluation of strategic alternatives ultimately leading to the execution of a process resulting in a $1 billion merger transaction with a strategic buyer
  • Jda Software
    Group Vice President, Finance, Treasury And Investor Relations
    Jda Software Nov 2009 - Oct 2013
    Scottsdale, Az, Us
    ➢ Responsible for all Finance functions including Treasury, Financial Planning and Analysis, and Investor Relations➢ Lead the $275 million Senior Notes Offering in connection with the acquisition of i2 Technologies in 2009 and integrated the finance functions from the acquisition. Added $100 million Revolver with four national banks in 2010 to provide additional liquidity➢ Created and developed the company’s first internal Investor Relations function, establishing consistent and transparent communications to debt and equity investors and analysts. Expanded the company’s shareholder base toward long-term, high quality investors and increased sell-side analyst coverage by three institutions➢ Top graded FP&A talent and improved the accuracy, timeliness and value of the monthly financial/business review process that is a critical business tool for the executive leadership team. Lead the annual budget process and monthly forecasting process➢ Consolidated, optimized and integrated the cash management and treasury operations after two significant acquisitions. Executed successful hedging program mitigating risks associated with foreign currency fluctuations. Negotiated enhanced insurance coverage at reduced overall cost to the company ➢ Developed and successfully executed activist defense plan to address mounting shareholder activity➢ Performed a lead role in the evaluation of strategic alternatives for the company, ultimately leading to the execution of a Process to sell the company resulting in more than a $1 billion increase in equity value over a three year period➢ Lead the $2.1 billion bank credit facility to finance the acquisition of JDA by Red Prairie and New Mountain Capital in 2012. Continuing with the combined company in the capacity of Group Vice President, Treasury and FP&A
  • American Traffic Solutions
    Chief Financial Officer
    American Traffic Solutions Feb 2009 - Nov 2009
    Mesa, Az, Us
    ➢ Responsible for all finance and accounting aspects of this rapidly growing private equity backed company ➢ Significantly increased the capacity of the company’s credit facility, bringing in two new national banks and ensuring adequate liquidity for continued growth plans➢ Revised accounting organization structure to improve accuracy and efficiency. Also lead initiative to decrease the monthly close from 30 days to under 15 days➢ Created the Company’s first monthly reporting package and expanded the quarterly Board package, presenting the financial position to the Board of Directors➢ Developed proforma and synergy quantification models to evaluate the company’s first acquisition
  • Allied Waste Industries, Inc.
    Svp, Treasurer
    Allied Waste Industries, Inc. Jan 1998 - Dec 2008
    Us
    ➢ Responsible for a team of more than 40 professionals overseeing Corporate Finance, Cash Management, Risk Management and Insurance, and Tax ➢ Actively managed $7 billion debt portfolio, maximizing available liquidity, managing maturities, ensuring adequate covenant cushions and opportunistically reducing interest rates➢ Lead over $5.5 billion of debt markets transactions across the capital structure, including Term Loan, Revolver, Senior Note, Asset-Backed Securitization and Industrial Revenue Bond transactions, resulting in over $35 million of annual interest savings, increased financial capacity and diversification of borrowing base➢ Proactively maintained constructive relationships with the three major Rating Agencies➢ Oversaw transaction-rich cash management process focused on maximizing cash processing efficiencies, minimizing transactional cost and improving working capital➢ Chairman of Retirement Benefits Committee overseeing $350 million defined benefit plan and $450 million defined contribution plan. Chairman of Board of Directors for captive insurance company providing $400 million of capacity for financial assurance
  • Arthur Andersen & Co.
    Experienced Manager
    Arthur Andersen & Co. Oct 1990 - Jan 1998
    ➢ Audit and Business Advisory experience with clients ranging from small private companies to multi-billion dollar Fortune 500 companies in diverse industries, including industrial services, technology, manufacturing, and retail➢ SEC and technical accounting expertise ➢ Lead audit role for debt and equity capital markets transactions totaling over $1.5 billion, including two IPO’s➢ Performed financial due diligence and conducted acquisition audits on over 20 acquired companies

Mike Burnett Education Details

  • Miami University
    Miami University
    Accounting

Frequently Asked Questions about Mike Burnett

What is Mike Burnett's role at the current company?

Mike Burnett's current role is Chief Financial Officer / Financial Advisor.

What schools did Mike Burnett attend?

Mike Burnett attended Miami University.

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