Chief Financial Officer & Treasurer
Country Club Foods, Inc. (Dba “Clover Club”)
Turnaround of $100 million salty snack food manufacturer and distributor. - Managed 50 employees in GL, treasury, A/R, A/P, cost accounting, inventory, payroll, risk management, pricing, FP&A, purchasing, order entry, telecom and MIS.- Reversed $12 million annual cash burn, generated $1 million in EBITDA and 16 consecutive months of positive cash flow. Led company from $15 million annual loss to profitability.- Implemented detailed cash monitoring and forecasting. Consolidated facilities, negotiated contractual workouts with suppliers, distributors, customers.- Established approval and budgeting processes to cut promotional spending 50%.- Through focused asset management programs, improved DSO by 12 days (21%) in six months, increased inventory turns by 10 days (30%). - Reengineered finance and accounting to provide better reports with only half the resources.- Performed detailed analysis and reporting of products, routes and customers. Cut SKUs 50%, from 800 to 400.