Richard Hough Email and Phone Number

Served clients in the retailing, manufacturing, distribution, medical and computer industries. Conducted services in accounting, finance, auditing, business/strategic planning and operations. • Built complete accounting system, installed software and trained staff to control and save the business. Business improved dramatically and was later sold for a healthy profit. • Restructured financial design of 26 business entities to separate real estate ownership from retail business.• Set-up new asset-maintenance systems, and prepared adjusting journal entries to conform to GAAP.• Hired by investment bank to re-engineer manufacturing, accounting and the administration of an international manufacturing company.• Consulted to auto sales company who needed new location. Obtained bank loan and recommended the client buy it for $1.8M. He sold it 5 years later for $5.0M.• Was hired to evaluate, train or remove Controller who was not performing. Built rapport, trust and coached/taught this person the accounting details. The attitude, performance & skill set improved to the point where the Controller performed well and remained in the position.

Directly managed distribution, accounting, finance, IT, tax, risk management, human resources and office administration for this regional auto parts chain with 6 distribution centers and 300 stores. • Managed 6 distribution centers with 60,000 SKUs with a 40% increase in product movement.• Constructed 3-year monthly accounting/financial model for rapid store growth that successfully built 50 to 100 stores per year.• Obtained a 40% reduction in truck capital expenditures through better fleet utilization. • Obtained tax benefits, road improvements and utility concessions for a new distribution facility which saved 20% in on-site purchasing costs and annual expenses.

Handled accounting, finance, information systems, audit, budgeting, risk management and office administration for a $1.3B regional grocery chain with 175 stores and 13,000 employees• Consolidated financial reports of all U.S. holdings for the parent company in the Netherlands and represented them in the U.S.• Upgraded IT Group by restructuring staff, building new data center and installing new IT System• Set-up new/improved closing schedules for all accounting functions improving accuracy and timing.

Directed all finance and accounting assignments within a national client base covering the retail, manufacturing and medical industries.• In depth auditing saved more than $300,000 annually for one client• Conducted company valuation that justified & obtained 30% more for the sale of the business. • Developed and presented loan packages with 80% success

Supervised 300 employees (100 in IT) and managed accounting, audit, IT, HQ facilities and all administrative functions for a $2.3B integrated retailer with 150 stores and 6 manufacturing plants. • Designed unique cash flow model that accurately forecasted surplus cash on a daily basis. Enabled the company to invest $16M of surplus cash in longer-term financial instruments. • Captured a 50% improvement in manufacturing by analyzing material usage & revising cost standards.• Presented a speech on cost saving methods to an International Financial Conference, and published an article on the subject in a national trade magazine.