Michael Welch Email & Phone Number

CFO ServicesCFO for a company in the manufacturing/construction business (2004 - 2008) -Produced a $1.5 million turnaround in cash by implementing expense controls.-Refinanced company twice with term and revolving loans.-Implemented budgets and controls to better manage the business.CFO for a start-up manufacturer of commercial water treatment systems (2008 - 2013)Developed financial projections and consulted on business and financing strategy for companies in personnel services, commercial surveying and Indian gaming.Advised on various acquisitions and divestitures in a range of businesses.

Mergers, Acquisitions, Divestitures, Strategic Alliances, Joint Ventures, & Capital Raises. Holds Series 79 and Series 63 licenses.

Local chapter of FENG (Financial Executives Networking Group), an organization of senior finance professionals. FENG is a national orgaization with about 70 chapters around the country and over 50,000 members.

CFO for this manufacturer of water conditioning equipment for irrigation, farming and industrial applications. Using no external power source and with no moving parts, the Aqua-Phyd system saves water, reduces the need for chemicals and fertilizers and reduces maintenance costs.

Chief Financial Officer

Pre-IPO Internet ventures in network security software and e-commerce. Developed numerous Private Placement Memorandums in pursuit of funding. Implemented Oracle financials and developed financial policies and procedures. Established financial controls and procedures. Improved vendor relations by creating weekly cash forecast and managing commitments.

Pro-IPO Internet biometric security software developer.

Pre-IPO e-commerce company (B2C)Performed Corporate Development function (capital raising, business plans)

Pre-IPO Internet venture in e-commerce. Developed numerous Private Placement Memorandums in pursuit of funding.

Responsible for SEC reporting, management accounting and reporting, investor relations, corporate treasury, financial planning and analysis, risk management, tax and IS functions for $160 million NASD-listed consumer products and promotions company. Directed 34 professionals.Reduced annual operating expenses $9 million by leading restructuring process.Added $30 million in profitable sales by acquiring and integrating three companies in 1998.Increased company's bank line to $40 million from $25 million during crisis period. Developed research coverage by six new investment banking firms.Reduced insurance costs 15% while increasing coverage. Managed $5.2 million implementation of SAP R/3. Conversion completed on time, under budget. Project fully justified by expense reductions and improved operational efficiency.

El Segundo, California, Us

Responsible for mergers & acquisitions, investor relations and corporate financial planning and analysis for NYSE-listed consumer products manufacturer. Managed 13 MBAs in fast track program. Corporate DevelopmentDeveloped strategy and directed acquisition program resulting in completion of 10 acquisitions in five years, representing 70% of company's growth from $1.0 billion to $5.0 billion in sales; market cap increased from $0.5 billion to over $12 billion.Consummated $1.2 billion merger with Fisher Price by developing antitrust strategy that prevailed in difficult FTC challenge. Structured and completed only pooling of interests ever with a leveraged ESOP. Developed strategy to enter various new businesses including company-owned outlet stores, direct marketing and sporting goods. Managed company's entry into the consumer software distribution business. Investor Relations/Financial Planning and AnalysisManaged all company investor relations activities; redirected efforts on targeted institutional investors and added research coverage by two major investment banks.Headed corporate/worldwide financial planning and analysis function.

Strategic planning/M&A for International banking groupRetail banking delivery systems

Us

Responsible for retail delivery systems, capital improvements, branch locations and consolidations and the ATM network for the second largest bank in California at that time.

Responsible for all retail banking systems and branch assets for the second largest retail banking network in the US. Previously responsible for international strategy and acquisitions. Consumer BankingDeveloped new quantitative ranking of relative branch performance resulting in consolidation of 47 under-performing branches with estimated annual operating savings of over $8 million.Introduced numerous cost saving and customer service improvements including branch automation, supermarket branches, drive-up ATMs, and simplified teller terminals.International BankingManaged all aspects of International Banking Group's strategic planning and acquisitions activities including acquiring Morguard Bank of Canada; Launched new overseas business managing Foreign Sales Corporations and subsequently acquired its major competitor, creating largest company in the industry.

Mba, Finance

Bs, Finance