QWEST INTERNET SOLUTIONS (Houston, TX)
A subsidiary of Qwest Communications International ( Formerly Ibex CMT Corporation)
1997 to Present
Vice President and Controller

• Ensured compliance with public reporting requirements in Icon’s successful Initial Public Offering (IPO) of common stock raising $38.5 million. Assisted in preparation of "road show" and related briefing materials. Simultaneously managed financial resources through severe cash austerity and extended IPO offering process.

• Converted general ledger system to Lawson 7.0, entirely redesigning system of accounts, budgeting units, reporting formats, controls, procedures and source documents. Assigned budgeting responsibility to over 60 new accounting units.

• Implemented the first annual budget. Orchestrated budget process with all departments and senior management concluding in the presentation of a final budget approved by the CEO and Board of Directors. Implemented weekly forecasting of financial results versus the budget and Wall Street's quarterly and annual consensus expectations.

 ELECTRONIC RETAILING SYSTEMS INTERNATIONAL (Norwalk, CT)
1994 to 1997
Vice President – Finance and Chief Financial Officer

• Raised $100 million of high yield debt in 1997, $12 million of common stock on the London Stock Exchange in 1996 and $12 million of preferred stock in a 1995 private placement. Participated in the marketing "road show" and orchestrated all due diligence efforts.

• Worked closely with chief operating and chief executive officers in developing a strategic rationalization of operations reducing expenses by over 30%. Realized significant savings in facilities, insurance, telecommunications and travel costs.

• Leading role in the implementation of a project accounting system designed to track costs by major business issue and cross-functional project. Identified previously unquantified customer acquisition costs and over $1 million of "hidden" costs in engineering research projects. Developed procedures, controls and management reports.

• Re-engineered the closing process to accelerate by two weeks the issuance of the quarterly earnings release, monthly management reports and SEC filings.
  

Primary technical advisor to GTE companies worldwide in financial accounting and reporting matters. Worked closely with business unit controllers on earnings issues critical to annual budgets and strategic plans. Recommended to senior management the method and timing of implementing new accounting standards. Created GTE’s accounting policy for numerous complex and technical issues.

• Researched and advised management on critical accounting issues involved in major new transactions including GTE’s $6.1 billion pooling with Contel and the $1.5 billion divestiture of GTE’s electrical products line of business. Reviewed all strategic requisitions and significant capital expenditures prior to Board of Directors’ approval.

• Directed Corporate Accounting’s preacquistion reviews including the privatizations of the Venezuelan and the Mexican national telephone companies. Reported to senior management on the financial accounting issues and other budgeting and operational implications to GTE.

• Championed break through adoption methodology to facilitate regulatory recovery of $2.9 billion charge for post retirement benefits (FAS 106). This adoption approach became the industry standard.

• Managed a department of nine professionals responsible for preparing the public reports of GTE Corporation and reviewing the financial statements and filings of GTE’s SEC registrants. Ensured compliance with generally accepted accounting principles and applicable federal regulations. Prepared annual reports for benefit and pension plans pursuant to ERISA.

PRICE WATERHOUSE (Morristown, NJ)
1978 to 1990
Senior Audit Manager

Planned and directed audit and special professional services to domestic and multinational clients in various industries. Active in the recruitment, training and career development of professional staff.

• Senior Manager in charge of the firm’s audit and professional services to Sony Corporation of America at the time of Sony’s explosive growth through headline entertainment acquisitions. Reported to US Chairman on preacquisition reviews and other confidential special projects.

• Oversaw all aspects of the firm’s professional services to Western Union during its multi-billion dollar reorganization. Motivated engagement team during this complex and protracted financial restructuring described by The New York Times as one of the most troubled in corporate history. Responsibilities required interfacing with investment bankers, prospective buyers, outside counsel, bankruptcy attorneys and telecommunications consultants.

• Planned and conducted initial audit of a new joint venture between Macmillan and McGraw-Hill. Assisted the parent companies in the resolution of formation accounting issues and a difficult dispute over publishing assets to be contributed. Reported the results of a preacquisition review directly to the chief executive. This acquisition established the joint venture as the largest schoolbook publisher in the United States.

• Served as office chairman of the performance evaluation and review committee of professional staff. Drafted the annual report and presented its findings to the partners for purposes of compensation recommendations and career mentorship.

REYNOLDS METALS COMPANY (Lodi, NJ)
1975 to 1977
Accountant

INSTRUMENTATION ENGINEERING  (Franklin Lakes, NJ)
1974 to 1975
Inventory Control Specialist

EDUCATION/PROFESSIONAL AFFILIATIONS

MBA, Accounting and Taxation, Fairleigh Dickinson University (Teaneck, NJ) 1978