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Ray Frost
Interim CFO, COO, Turnaround
Ray has 35 years experience in corporate finance and operations with emerging, mid-market and distressed businesses. His accomplishments range from helping to launch start-up enterprises to successful roles in Turnaround/Distressed engagements.
After rising through the ranks from Controller to CFO, Ray purchased a struggling wood products manufacturer, he doubled revenues, implemented contemporary manufacturing, processes and put the company back on solid financial footing. He then moved into taking on interim CFO/COO assignments. Ray has held a number of positions as an interim executive, across a range of industries.
Ray has substantive business operations, risk management, and team building expertise. He is a hands-on executive, expert in long-term strategic planning as well as operational finance. Ray has extensive experience in cash management and resource allocation in both growth and distressed environments. He is known as a quick study, for the passion he brings to the work, and for getting more done with less.
SELECT INTERIM EXPERIENCE
Company Stage Focus: Startup, Early Stage, Private, Family Owned, Turnaround/Distressed
Interim CFO, Bankrupt Manufacturer
Reworked supplier agreements, reengineered the cash management process and was instrumental in helping to rebuild and reposition the company for eventual sale.
Turnaround, Wood Products Company
Doubled revenues, implemented contemporary Manufacturing, processes and put the company back on solid financial footing
Interim CFO, Steel Engineering Company
Company was in financial trouble because of its high overhead, operating costs and long cash cycle. Worked with owner to look at how they were managing insurance, payables and occupancy costs. Cut G&A expenses 23%, and began requiring earnest money deposits to mitigate cash cycle problem.
Interim CFO, Telecomm Equipment Company
Led cost reductions and cash management, re-engineered processes inside finance function, reworked terms and agreements with suppliers, negotiated agreements for private label products that gave company current technology to sell with no attendant R&D costs. Positioned company for sale.
BOARD EXPERIENCE
•Journeys Supported Living Services (Non-Profit)
•Marin Services for Women (Non-Profit)
CREDENTIALS/EDUCATION
•B.S., Finance & Accounting, U. C. Berkeley
•MBA, St. Mary’s College
•Graduate Work in Taxation, Golden Gate University
Years Executive Experience: (25)
# of Interim Roles: (10)
# of Board Roles: (2)
Company Size: ($20M – $200M)
SPECIALTIES:
• Strategic Planning
• Operational Finance
• Supply Chain Analysis and Management
• Audits
• Budget, Cost & Internal Controls
• Business Valuation
• Debt and Refinancing
• Financial Analysis
• Risk Management
• Bankruptcy
• Corporate Finance
• Distress
• Liquidation
• Board Advisory
• Corporate Negotiation
• Corporate Governance
• Joint Ventures
• Cost
• Cycles/Response
• ERP
• Logistics
• Offshore Development
• Outsourcing
• Planning/Modeling/Execution
• Process Improvement
• Company Sale
• Acquisition Integration
• Advancing & Emerging Technologies
• Systems Integration & Infrastructure
INDUSTRY EXPERIENCE
• Manufacturing
• Engineering
• Restaurant & Hospitality
• Semiconductor Equipment
• Telecommunications Equipment
• Software
• Structural Steel
• Wood Products
• Construction