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A strategic and results-driven operational finance executive with demonstrated expertise in financial planning/analysis, corporate strategy, capital planning, global treasury, M&A, debt financing, project management, investor relations, corporate events and travel services. Established capabilities in corporate communications, accounting, IT and procurement. Specialist in growing small businesses and assessing / implementing the structural, process and technology needed to make them larger, more profitable businesses (AT&T dealer stores, Simply Mac and Cricket stores).As a creative-thinking leader with exceptional business acumen, sets a strategic direction to secure the long-term success of an enterprise by employing a collaborative communication style and focusing on the development of people and teams to achieve results.Expertise: Leadership || Planning || Process Improvement || Change Management || Category / Operations Analysis || Strategy || Forecasting || P&L Management || Treasury || Mergers, Acquisitions and Divestments || Corporate Communications || Project Management || Industry and Competitive Analysis || Budgeting || Investor Relations || Development of People & Teams
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CfoCec Entertainment May 2024 - PresentIrving, Tx, Us -
Chief Financial OfficerFarmer Brothers Mar 2020 - Oct 2023Fort Worth, Tx, UsOversaw all financial operations, strategy, pricing, procurement, production planning and investor relations.Entry focused on turnaround efforts and quickly on COVID impacts to the business. Team acted quickly to return business to stability via:- Optimized production and warehouse footprints (exited Houston roasting facility and added DC to West Coast)- Right-sized national DSD sales channel (routes, personnel, facilities, etc)- Improved cashflow and availability for liquidity (working capital, debt restructuring, leverage of capital assets, etc.)- Implemented cost savings program to reduce ~25% of OSG&A - Assumed pricing, procurement and production planning areas to implement: AI pricing platform, better alignment with hedging / purchasing, reduction of inventories needed.Pivoted strategy to exit unprofitable business and inefficient facility that resulted in $100 million transaction that minimized leverage and allowed the high margin and high growth business to accelerate. -
Svp Financal Planning, Analysis & TreasurerGamestop 2016 - 2019Grapevine, Texas, UsAssumed responsibilities in January 2016 for: Global Treasury, Risk Management and Meetings & Travel departments in addition to existing role.Focus on driving transformation and innovation to establish viable financial future for GME. Includes test and learn methodology, new revenue streams, adapted vendor relationships, leveraging core assets (associates, stores, loyalty members) in new ways. Financial lead for successful divestiture of Spring Mobile (1,400 AT&T dealer stores), Kongregate (mobile gaming entity) and Cricket branded stores (mobile communications entity).Priority to increase efficient capital management including: cash optimization improvements, dividend payment management, share buy-back program, ABL (asset-backed loan) renewal. All functions performed with added synergies, cost-savings or more favorable terms.Regularly participate in world-wide equity, debt and analyst road show meetings and conferences in addition to Rating Agencies in order to message the GME story with key financial market participants.Partnered with procurement function to drive $20+ million of savings from financial / treasury operations over the next 5 years.Participated in Deloitte CFO Academy I and II in preparation to lead a company in that role. -
Svp Financal Planning, AnalysisGamestop 2015 - 2016Grapevine, Texas, UsFocus on worldwide operational analytics, forecasting, budgeting and key initiative performance. Finance lead on multiple acquisitions (700+ stores) in the AT&T dealer space, initiation of procurement savings task force and long term cost savings initiatives.Team implemented new data warehouse solution, revamp of store reporting, investment performance review diligence and many other operational and cost savings focused contributions.Restructured department to better support "internal customers" and key priorities of the company. -
Vice President, Financial Planning, Strategy And Communications7-Eleven, Inc. 2001 - 2015Irving, Tx, UsConsistently expanded responsibility over the years to most recent role which included leadership of the following departments: Financial Planning & Analysis, Capital Portfolio Management, Corporate Strategy, Project Management, Corporate Communications and Investor Relations.Key Accomplishments:• Ensured net earnings CAGR of 16+% and created $7,000,000,000 of enterprise value.• Attained/exceeded company financial plan yearly, except 2009.• Expanded store base in U.S. and Canada from under 5,300 units to over 8,300 units.• Functioned as project sponsor and lead for implementation of new intranet platform (SharePoint) with over 15,000 users, and increased usage by 50%+ while paying for the project within two years.• Launched franchisee magazine to build communication channels with franchise community.• Core team member on $1,200,000,000 tender offer (privatization) in 2005.• Core team member on cost savings initiative with realized savings of $150,000,000.• Developed leaders from Finance who now serve the organization in a multitude of areas. -
Consulting DirectorArthur Andersen 2000 - 2001Spearheaded projects to re-engineer finance functions for various retail, manufacturing, and distribution companies implementing turnaround initiatives. Also participated in business development, corporate and operational efficiency improvements.
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Director Of FinanceLa Madeleine 1997 - 2000Dallas, Tx, UsDirected all finance, planning, analysis, treasury, and tax department staff, as well as activities including cash management, budgeting, forecasting, projections, strategic planning, acquisition/merger due diligence, capital acquisition/management, and recruiting/analysis support for all departments. Performed credit/collections adding, cost analysis, and treasury/tax activities. Entity size measured in dollars and outlets more than doubled during tenure. -
Senior AnalystCoca-Cola Enterprises 1996 - 1997Uxbridge, West London, GbPerformed various tasks, including consulting projects, capital planning, annual budgeting, coordination and training of staff, and instructing division-level finance courses. Supported both field operations and acted as the division consolidation analyst. -
Senior AuditorPwc 1993 - 1996GbObtained understanding of diverse accounting systems and performed audit and merger/acquisition duties, including planning and supervising audit engagements and detail analysis of retail sales/cost of sales. Assisted in annual budgeting process and performed due diligence, 10Q, 10K, and S-1 procedures for SEC and non-SEC clients.
Scott Drake Skills
Scott Drake Education Details
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Mays Business School - Texas A&M UniversityCorporate Finance -
Mays Business School - Texas A&M UniversityAccounting And Finance
Frequently Asked Questions about Scott Drake
What company does Scott Drake work for?
Scott Drake works for Cec Entertainment
What is Scott Drake's role at the current company?
Scott Drake's current role is Chief Financial Officer at CEC Entertainment.
What is Scott Drake's email address?
Scott Drake's email address is sd****@****-11.com
What is Scott Drake's direct phone number?
Scott Drake's direct phone number is +181772*****
What schools did Scott Drake attend?
Scott Drake attended Mays Business School - Texas A&m University, Mays Business School - Texas A&m University.
What skills is Scott Drake known for?
Scott Drake has skills like Forecasting, Leadership, Strategy, Analysis, P&l, P&l Management, Income Statement, Retail, Budgets, Finance, Process Improvement, Financial Analysis.
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