Rodney M. Nesbit Email & Phone Number

Dallas/Fort Worth Area

FaxLogic, LLC is a Texas limited liability company formed in 2010 and is engaged in the delivery of an advanced cloud-based Internet Fax service that securely sends, receives, stores and manages all forms of business documents. As pioneers in affordable, reliable Fax-over-IP (FoIP), FaxLogic offers flexible, scalable Internet Fax solutions with unmatched features and performance.The rapid growth of the company is due to a combination of the efficient addition of customers who value the unique, secure hosted fax services provided by FaxLogic and the industry shift from traditional in-house fax machines and fax servers. Along with the increased functionality of traditional fax services, the company also offers enhanced solutions for those customers who demand FoIP borderless solutions, fax-on-demand, broadcast fax and web-to-fax solutions. These service solutions enable companies to communicate and deliver information faster, smarter and easier, while increasing reliability and security and reducing costs.As Chief Financial Officer, I have assumed full responsibility for directing the organization's financial planning, accounting and tax practices as well as its relationship with lending institutions, key customers, strategic partners and suppliers. In this role, I take direct responsibility for driving business strategy to leverage growth opportunities in key market segments, such as the health care industry (hospitals, group practices and individual practices) as well as a diverse group of other industries and large enterprise users.

Dallas/Fort Worth Area

Gravity Energy Machine, Inc. is a Texas-based company formed to harness the power of gravity and transform it into electrical power providing clean energy that is pervasive, affordable, and easy to implement. The revolutionary Gravity Power Machine (GPM) is an elegantly designed system built on fundamental principles of physics. Developing alternative methods for energy generation is an urgent global imperative that can positively impact individual lives and organizations, as well as the growth of nations. The Company's principle goal is to deliver on-site power to those regions of the world where electricity is not available or is unreliable.

Dallas, Texas

Responsible for all GAAP financial reporting and tax compliance matters for the company as well as financial control and reporting systems. Oversee financial reporting and tax filings for 29 separate LLC partnerships with 2,500+ members'. Designed and implemented procedures to properly account for deferred revenue, equity method investments, variable interest entities as well as start-up, syndication and development costs. Manage financial projections and budgets in support of multiple private offerings.

Grand Prarie, Texas

Created first-time formal operating budget and annual business plan, with action plans and strategies and successfully appealed property tax rendition and exemptions resulting in 50% tax savings. Reduced past-due AR from 38% to 3% of outstanding balance; increasing cash flow by 40%. Led the identification of excess and obsolete inventory and alternative disposal options and improved external banking & insurance relationships to facilitate financial activities. Set up administrative controls for employee benefit program/COBRA. Recommended incentive plan changes to align with company growth initiatives.

Addison, Texas

Developed, mediated and negotiated comprehensive settlement agreement relating to post-acquisition representations & warranties, resulting in recovery of $7.5 Million of disputed warranty costs.

Houston, Texas

Settled complex international litigation case through analysis and negotiation of multiple US, European and Brazilian supply contracts and commission agreements, resulting in $6 Million exposure reduction.

Plano, Texas

Completed SEC 10-K and 10-Q filings (including restatement of prior filings), completed delinquent, multiple-year Federal/State tax returns under FAS-109, corrected stock options accounting under FAS-123R, implemented SOX-404 compliance and remediation program and adopted SOP 97-2 revenue recognition standards. Corrected accounting for stock warrants, deferred taxes, minority interest and stockholders’ equity as well as managed change of auditors and re-audit of company financial statements.

Addison, Texas

Managed all pre and post-disposition events of Dresser, Inc. in highly-leveraged $2.4 Billion private equity transaction and directed post-disposition Purchase Accounting Project, including company-wide asset valuation, requiring highly-technical interpretation and application of US GAAP (FAS-141, EITF 88-16, EITF 95-3). Project completed in six months with no audit adjustments. Managed post-disposition transition and settlement issues relating to sale of On/Off Valve Division in transaction valued at $255 Million, while simultaneously monitoring compliance with company policy, US GAAP, IFRS and statutory reporting standards and providing direction and assistance to other organizational units regarding accounting policies and procedures and utilization of financial resources.• Assisted Corporate Finance/IT organization in implementation of Oracle HFM. • Developed internal control policies, guidelines, and procedures for financial reporting, consolidations, cost accounting, reserves & accruals, SOX compliance and accounting.• Managed quarterly financial & operational reviews and directed multiple site remediation plans.

Stratford, Connectucut

Controller of $150 Million multi-national division (12 Business Units), reporting to the President - staff of 35. Directed financial planning, reporting and analysis activities encompassing all domestic & foreign operations. Managed operating & capital budgets, monthly & quarterly forecasts, long-range and strategic plans and policies & procedures implementation. Only division out of 18 to deliver accurate, on-time financial reporting every month over a thirteen year period with zero audit adjustments. • Managed $50 Million pre and post-disposition of Instrument Division to private equity firm. • Initiated multiple restructuring & cost reduction projects - yielding $10+ Million in savings. • Disposed of surplus plant facilities, non-core product lines - yielding $5 Million of proceeds. • Directed essential elements of planning and physical manufacturing relocation from US to Brazil – delivered $9 Million savings. • Directed division-wide working capital reduction program - delivered $15 Million savings.• Instituted division-wide transfer pricing methodology, yielding uniform, competitive pricing structure and increased product line margins.

Stratford Connecticut And Houston, Texas

Controller of $350 Million 3-division group (18 Business Units) reporting to Group President - Managed staff of 45. Directed all Finance, Accounting, Planning, Internal Control, Information Technology, Tax and Legal activities.• Managed group-wide activities associated with divestiture from Halliburton in April 2001.• Created comprehensive data room, drafted offering memorandum and management presentations. Appointed group interface between private equity/public buyer groups. • Established group-wide M&A process, evaluated acquisition targets and valuation scenarios. • Instituted systematic control of technology portfolio, royalty and licensing agreements.• Deployed comprehensive forecasting process at Business Unit level to identify operational issues and corrective actions that delivered accountability, across-the-board performance improvements.• Organized group-wide working capital management program - delivered $25 Million savings.

Stratford, Connectucut

Controller of $175 Million multi-national division (14 BU’s) reporting to the President - Managed staff of 45.Officer/Director (1992-2005) Dresser-Nagano, Inc.(Japan), Manufacturas Petroleras Venezolanas S.A. (Venezuela), Dresser-Al-Rushaid Investment Co. (Saudi Arabia) and Dresser Instruments S.A. de C.V. (Mexico)• Managed $13 Billion post-merger of Dresser Industries, Inc. and Halliburton Company.• Directed M&A process and concluded strategic acquisitions in the US and Germany expanding product lines, sales channels and adding new strategic technologies.• Performed complex due-diligence/investment proposal for prospective JV in Xian, China. • Reduced division financial close cycle to two days; audit ready, with zero adjustments.• Implemented Sarbanes-Oxley compliant internal control structure. Achieved lowest company-wide deficiencies score. • Reduced working capital by 25% or $15 Million through company-wide management program. • Implemented shared-services organization – managed corporate HQ payroll & AP activity. • Divested product lines, real estate and surplus equipment - delivered $2.5 Million proceeds. • Implemented five concurrent enterprise-level ERP installations across US operations ($5 Million invested over four years).

Montebello, California

Hired as Controller, promoted to Plant Manager in six months. Managed manufacturing and assembly operations of the $15 Million Masoneilan® engineer-to-order control valve operation in Montebello, CA., including manufacturing, quality control, plant maintenance, after-market service & repair, shipping, receiving, stockroom, purchasing, inventory control, human resources and information systems – Managed staff of 73.

Skelmersdale, Uk

Controller/Finance Director of $25 Million U.K. division reporting to the Managing Director, with overall responsibility for finance, accounting and information technology – Staff of 18 (2-year expatriate assignment). •Introduced U.S.-based product manufacture and distribution to U.K. operation. Developed justification to invest $2.5 Million. Also secured $900K U.K. government grant to introduce cellular manufacturing to this operation.•Increased operating earnings and return on investment (ROI increased 60% in first year, 25% in second year) through improved manufacturing techniques, diversification of pricing strategy and increased working capital turnover.•Instituted first company-wide gain-sharing program; rewarding individual employee’s for their contribution toward the companies overall performance.

Johannesburg, South Africa

Controller of $10 Million operation reporting to Managing Director of South African subsidiary, with overall responsibility for finance, accounting, planning and information technology – Staff of 8 (six-month assignment).

Pittsburgh, Pa

Led complex domestic and foreign operational and financial audit engagements, conducted fraud investigations to successful conclusion, managed forensic audits resulting in discovery and correction of material errors and developed customized audit programs, procedures and techniques to address diverse operational and financial requirements.

Bachelor Of Science (B.S.), Accounting And Business Law, 3.9

Associate'S Degree, Business Administration, 3.8