Peter Borst Email & Phone Number

A petroleum products distributor with over $300 million sales and more than 200 employees. CFO Hired as a consultant for this severe turnaround situation. Tax returns had not been filed for three years, balance sheets had not been reconciled and the company was in jeopardy of losing its good standing status with the state. Hired full-time and promoted to CFO in November, 2004.Completely restructured the finance department and within two years replaced seventy percent of department staff with better qualified and better performing personnel. By reorganizing and rebuilding finance department staff, was able to reconcile balance sheet accounts for three years, file three years of delinquent tax returns and obtain a "Good Standing Certificate" from the State of California within three months.; Successfully negotiated a $24 million non-personally guaranteed line of credit with a major bank despite the fact that the company was in a severe "turnaround" situation. Divested the compays' assets and operations at owners' request.

Acquired this $1.2 million accounting firm with my son. Increased business value and sold the business four years later at double the acquistion price.Provided consulting services to various corporate clients, including operations analysis, business valuation, M&A, tax planning, and debt restructuring.

A $150 million manufacturer of pre-cast concrete veneer products. CFOResponsible for Financial Reporting, Strategic Planning, EDP Systems, Banking and other Treasury functions.Developed a monthly reporting package that included profit analysis by product, plant, and customer. Month-end close was reduced to 3 business days.Installed a standard cost accounting system and a break-even analytical system used for financial and operations modeling. Worked closely with sales, production and distribution department management to achieve substantial sales growth, significant production efficiencies and an optimized and dynamic product distribution system.Implemented the company's first IT Software system (MAPICS), and later migrated the system to JD Edwards. Successfully counseled the company founder and CEO through the housing recession of the early 1980's and the later sale of the company for $18 million in 1993.Counseled two successor owner/presidents in the implementation of strategic plans related to sales, marketing, manufacturing and corporate infrastructure which supported compounded annual sales growth of 25% to 35% per year, and operating income growth of 35% to 70%.Managed the successful sale of the company to Fibreboard Corporation for $52 million in 1996 (was the primary driver of this process).

An $80 million manufacturer of window shades and industrial fabrics.Controller Managed all aspects of accounting, financial reporting and budgeting.

Education record

B.S. Business Administration, Accounting

Accounting And Finance