Wayne E. Ackerman Email & Phone Number

New York, Ny, Us

New York, New York, Us

Following a highly successful career as a middle-market Chief Financial Officer, I decided to apply my skills in a consultative capacity. ► I excel at finding solutions for companies experiencing the following difficulties.————PROBLEMS————►Unforeseen loss of key staff members;►Changes to the economic climate;►Difficulties with financial providers;►Completing specific projects beyond the scope of current staff;►Vendor and liquidity constraints.————SOLUTIONS————► Short & long term Liquidity projections that involve multiple departments with cash management.► Acquisition Integration► Preparation of companies for sale►Upgrading of reporting capabilities►Translation of financial road-maps to practical strategies.☆☆I am happy to both lead the work-streams or lead the preparation of the actual work-product☆☆————SELECTION OF KEY ACHIEVEMENTS————► Partnered with CEO to build scalable global infrastructure, supporting growth from $63M to $350 M over 10 years.► Established and implemented financial and operational dashboards with aggregated data for the Board, Divisional Leaders, & Shareholders, resulting in improved visibility of working capital management, inquiry to order and beyond. ► Restructured corporate cost centers from $17M to $8M annually based on corporate footprint reduction and non-strategic asset divestiture.► Negotiated growth of asset-based loan facility from $30M to $70M, plus $15M term note and $22M of lease to support growth.► Managed the acquisition and integration of a $50M North America parts distributor & a $40M global parts distributor with operations in Europe and Asia.► Saved company $3.1M within the first year by effectively managing the production facility relocation from New Jersey to Mexico.Please review the ★★★★★ recommendations I have received, & the different projects I have completed further down my profile - to see how I could be of benefit your company.Tel: (201) 543 1591 / email wayne.e.ackerman1@gmail.com

New York, Ny, Us

Supervised 4 divisional financial Vice Presidents, and 3 corporate direct reports (Treasury, HR & Controller), to generate $350M in sales.KEY ACHIEVEMENTS►Liquidated five unprofitable business segments in 15 months, along with investment bankers, to generate $64M in gross proceeds while eliminating annual losses of $13M.► Achieved profitable growth of $284M, over 10 years, with new business creation & acquisition.► Prepared Quarterly Board of Director and Banking presentations ensuring best practices corporate governance.►Increased asset-based loan facility from $30M to $70M (plus additional $15M term note and $22M lease financing).KEY SKILLS► Aggressive cash flow management.► Corporate footprint reduction.► Non-strategic asset sales.► Liquidation of unprofitable business segments.► Rolling cash flow models.► Consolidation of International Reporting and cash flow management.► Sophisticated financial modelling.► Negotiation on term and asset-based loans.► Managing acquisitions and integrations.► Automating accounting practices.► Complex data analysis.

First CFO of $150M global, multi-divisional industrial distribution company.KEY ACHIEVEMENTS► Formalized reporting and financial processes.► Saved company $3.1M, within 1st year, by implementing production facility relocation.► Reduced bad debts by over 30% with formal AR management techniques► Returned to package and sell the company to strategic competitor for above market proceeds. KEY SKILLS► Negotiated asset purchase agreement and banking relationships.► Drove financial planning. ► Introduced risk management through financial analysis.► Enhanced accounting systems.

New York, Ny, Us

I was 4 years in this role and was rehired again in 2006

I was 4 years in this role and was rehired again in 2003

New York, Ny , Us

Worldwide, Oo

Master Of Business Administration (Mba), Accounting And Finance

Education record