A seasoned financial executive, my operational enhancing strategies drive operational improvement and revenue generation that has helped change the course of business for organizations such as the New York Times Company and Sleep Innovations.
As the CFO of a financially challenged organization, Sleep Innovations was transformed and operating cash flow was increased which allowed the stockholders to monetize their investment through the sale of the Company for a sales price higher than anyone expected.
Recognized by the CEO for my value-producing service as the corporate controller at the New York Times Company, a new senior vice president position was created around my talents for identifying profit building opportunities that yielded $100M the first year, and $150M the next. Moreover, other projects were initiated that captured another $250M+ despite the struggling economy. Further gains consist of:
§ Reclaiming $50M in tax, insurance, accounting, and purchasing by realigning multi-
departmental structure and accountability.
§ Spearheading sustainable cost reduction efforts including leveraging new
technology, process mapping, and innovation, yielding ~$45M.
§ Successfully implementing Sarbanes-Oxley.
§ Leading the creation of a shared service center delivering $30M+ in bottom line
benefits.
In addition, my background encompasses comprehensive financial expertise in, forecasting, budgeting, SEC reporting, Generally Accepted Accounting Principles, Accounts Payable Accounts Receivable, compensation tax, insurance, as well as benefits, and retirement plans for three multibillion-dollar organizations. Other endeavors include:
§ Directing accounting in the leveraged buy-out of R.H. Macy & Co., Inc. and two
high-profile acquisitions, as well as divestiture of a $1B credit card portfolio.
§ Proving vital in the Chapter 11 proceedings including the debtor-in-possession
financing arrangement and creditor due diligence operations review.
§ Reducing operating costs $1M and payroll expenses $750K annually by identifying
support functions for centralization, combination, or automation.
Also have a track record of creating, mentoring and motivating individuals and teams
Copyright © 2019 Stuart Stoller CPA - All Rights Reserved.