David B. Willis, CPA Phone: (972) Cell: (214)

Transcription

1 David B. Willis, CPA Phone: (972) Cell: (214) KEY FINANCIAL EXECUTIVE SUMMARY Seeking a senior Finance Leadership role (CFO/Controller level opportunity) with a company having strong management ethics and leadership. As a financial and accounting leader with broad international strategic and tactical expertise in software and multi-national high technology businesses, I seek to provide value to the company as a member of the senior management team. My key strengths and experience are in public reporting, financial consolidations, international financial reporting standards (IFRS), stock option accounting, Wall Street due diligence in M&A activity, strategic planning, financial planning, risk management, auditing, Sarbanes Oxley documentation and compliance, and policy development. PROFESSIONAL EXPERIENCE ELTEK VALERE Inc., Richardson, Texas Corporate Controller Eltek Valere Inc (EV) is an international company with operations in over 40 countries that provides alternative power source for the telecommunications industry, and for select industry operations. EV is growing the capability to provide solar power options for industry and government operations. EV has over $600M in revenues and is a subsidiary of a Norwegian parent company named Eltek ASA. Operations in North America, Latin America, South America, Europe, Middle East, Africa, and Asia/Pacific regions. Corporate Controller for international company with operations in over 40 countries that resulted from the merger acquisition in 2007 of Eltek, a Norwegian company and Valere Power, a US company. Integrated the domestic and selected international companies with goal of taking the new consolidated group public in a spin off. Norwegian parent subsequently decided to retain EV as a wholly owned subsidiary as we grew it into a strong cash generating operation in a very competitive market and in a challenging economy. Developed new policies and procedures under International Financial Reporting Standards (IFRS) and implemented them across the domestic and international operations. Worked on the consolidation of US operations to eliminate duplicate resources, implementation of new ERP system, and implementation of a consolidated reporting system. Responsibilities included consolidations of global financial results, executive management reporting, preparation of board level presentations, financial policy decision making, treasury operations, risk management, and company s key contact point with public accountants. Worked on currency exposure challenges and effective cash management opportunities to help parent company finance other investment opportunities.

2 David B. Willis Page 2 of 5 METASOLV SOFTWARE, Plano, Texas Corporate Controller Metasolv Software, Inc was a developer of OSS software solutions for the telecommunications industry that was acquired by Oracle in The company went public in 1999 and grew into an international company through a series of global acquisitions with operations in North America, Europe, South America, Central America, and Asia/Pacific regions. Revenues exceeded $125M at the time of Oracle s acquisition. Member of management team that took the company public, made three acquisitions, grew into an international operation, and steered the business through a recessionary period. Led the accounting team in implementing a new ERP system (PeopleSoft) and establishing the infrastructure required to support a public reporting company as we successfully prepared for the IPO process. Responsibilities included general accounting, consolidations, management reporting, financial policy decision making, treasury, stock option accounting, financial planning, tax accounting, financial systems implementations, and development of young staff. Responsible for SEC filings (10Q, 10K, and 11K) and coordinating with external auditors. Significant involvement in the implementation and compliance of the Sarbanes Oxley (SOX) processes. Developed an inexperienced accounting team into becoming a strong successful team supporting an international and public company which provided the team with professional growth. INFOSTAF CONSULTING, Dallas, Texas 1998 CFO / Consultant Chief Financial Officer / Consultant for multi-business unit company leading a workout / bankruptcy process. I was able to turn the remaining business unit into a profitable operation but at an operating level that could not support retaining a CFO position. TEXAS INSTRUMENTS, Dallas, Texas Vice- President An international (operations in over 25 countries) multi-billion dollar high-tech firm involved in the development, manufacture, and sale of a variety of semiconductor products in the electrical and electronics industry serving the industrial, government and consumer markets. I held a variety of positions in various operations reflecting a steady promotion growth over 28+ years. Vice-President - Corporate Accounting Manager I managed both the corporate staff and the corporate consolidations accounting functions which included over 75 individuals in the beginning of this assignment and brought the total staffing level down to under

3 David B. Willis Page 3 of 5 fifty personnel over time; while reducing the closing cycle over 40%. Previous assignments included Division Controller, Cost Accounting, Group Planning Manager, and General Accounting. As Vice President, responsibilities included the following activities: Managed the preparation of consolidated financial statements for public reporting and presented to senior company management and Board of Directors. Was company s key interface with public accountants (E&Y). Conducted reviews of US and International subsidiaries to insure compliance with company policy and procedures. Managed the financial planning, budgeting and general accounting responsibilities for the corporate staff organization. Managed US payroll operations including the filing of all federal, state, and local payroll tax returns. Provided leadership and guidance for developing accounting policies and procedures, and Provided user oversight leadership of the fan out of financial systems installations. OTHER EXPERIENCE WHILE AT TEXAS INSTRUMENTS Division Controller Memory Division Accounting Manager Corporate level Semiconductor Group Cost Accounting Digital System Division Financial Planning Manager Semiconductor Group Financial Analyst Corporate, group, and division level Manufacturing Assembly (hourly worker during college) Academic Credentials B.B.A., Accounting University of Houston State of Texas M.S. Finance University of Texas Dallas Certified Equity Professional (inactive) CEPI Institute

4 David B. Willis Page 4 of 5 EXAMPLES OF KEY CONTRIBUTIONS Conducted financial reviews with subsidiaries worldwide to insure compliance with company, SEC and Financial Accounting Standard Board, and/or International Accounting Standards reporting requirements. (TI and Eltek Valere) Directed financial team during the implementation of new enterprise financial system (PeopleSoft) while preparing for an IPO. (MetaSolv) Provided financial support for successful IPO working with external accountants, legal teams, investor relations, and printing firms in (MetaSolv) Directed financial team through the SOX process with almost 200 processes being documented and passing audit reviews, only material weakness alleged for non US tax accounting which was challenged. (MetaSolv) No management letters from external auditors for the eight years. (MetaSolv) Successfully directed the due diligence process for various equity offerings in the debt and capital markets. (TI) Reduced my staff level over 30 percent, by computerization of many functions, re-engineering key processes, and placement of people into other organizations within the company or voluntary departures. (TI) Formed teams, with finance employees and customers, to address reporting issues and strategies for the long-term direction of Finance support for our customers, both internal and external to the company. (TI) Guided information technology financial systems to meet the changing requirements in the financial reporting process, generating changes when necessary in the systems being used in the process, both on the mainframe and on the desktop personal computer. (TI, MetaSolv, and Eltek Valere) Implemented stock option tracking system and expanded automation of stock option tracking, accounting, and other equity related compensation programs (RSA, restricted stock, etc.) (MetaSolv) Developed better communications and working relationships with the worldwide finance organizations and corporate finance that encouraged input from all parts of the world as we moved forward in changing many reporting processes. (TI, MetaSolv and Eltek Valere)

5 David B. Willis Page 5 of 5 Reduced the overall corporate close process for developing public reporting information from over two weeks down to five days in order to provide senior management and the Board of Directors with more timely financial data. (TI) Met all reporting deadlines with quality data output while shrinking staff size and incurring increased complexity of reporting requirements (stock options, segments, derivatives, inventory reporting, etc.) as changes in FASB requirements and SEC requirements developed. (TI) Provided mentor role to subordinates within my organization encouraging empowerment and taking responsibility for their own actions which yielded career growth for many of them within and external to the company when more appropriate. (TI, MetaSolv and Eltek Valere) Active participant and contributor during several M&A acquisitions to support expansion of the business both product offerings and global operations. (MetaSolv) Maintained a successful communications between the US HQ operation with a European HQ CFO, including informative meetings with parent company audit committee chairwoman, operating management, and senior finance leadership team while challenged with time zone differences. (Eltek Valere, TI, and MetaSolv)