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.

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.

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.

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.

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.

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.
• 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.
• 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.

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.
• 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.

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..
• 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.

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.

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.
• 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.
• 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