B2B CFO® Expands in Pennsylvania
B2B CFO is pleased to announce its expansion in Pennsylvania with the addition of Dennis Kennedy. Kennedy is joining B2B CFO after a 37-year successful corporate career in finance. He joins eight other B2B CFO Partners in Pennsylvania who currently provide CFO services to local business owners. With close to 200 partners across the country, B2B CFO, is the nation’s largest CFO for hire firm. The as-needed CFO role is a hallmark of the firm that provides services exclusively to emerging and mid-market companies. Kennedy joined B2B CFO as a partner in May 2011. Kennedy’s clients will benefit from his combination of executive finance and consulting experience supported by the depth of resources provided by the national firm. Prior to joining B2B CFO, Kennedy served in several financial oriented positions including Corporate Controller and CFO at numerous organizations serving a broad spectrum of industries with annual sales volumes ranging from stat up to in excess of $1 billion. Previous to his senior financial roles, he was part of the founding team that designed, developed and installed retail point of sales computer systems for Servistar hardware stores and lumber yards throughout the country. While serving as CFO of Synergistic Partners, Inc Kennedy developed a significant amount of expertise with retirement plans, specifically Employee Stock Ownership Plans (ESOP’s). There he oversaw the conversion of the organization from a C Corp to and S Corp which resulted in millions of dollars being diverted from the payment of federal taxes to participant retirement savings. “We welcome Denny to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and...
Interpreting & Leveraging the Value of Your Assets as a CEO
Business Wire News Releases Research and Markets has announced the addition of the “Interpreting & Leveraging the Value of Your Assets as a CEO” audio conference to their offering. In Interpreting & Leveraging the Value of Your Assets as a CEO, ExecSense examines the most effective techniques that CEOs can use to determine the value of their company’s individual assets as well as how to take advantage of these assets in the current economy. Take the 60 minutes to view this webinar (on your computer, mobile phone, iPad, Kindle or printed out) to update your knowledge on the most up-to-date asset valuation methodologies and learn which types of assets are deemed most valuable so that you can understand the impact when pursuing growth strategies, new capital expenditures, raising any type of capital or financing, or any other situation where you can capitalize on the value of specific assets. Upon ordering, ExecSense will email you a link to download the webinar files for viewing on your computer, mobile phone, iPod, iPad, Kindle or printed out. The downloaded files will include the PowerPoint presentation, audio narration and jpeg images of the slides (for watching on your mobile media device). Take advantage of your next commute, flight, business trip, lunch, or free hour in your schedule to view this webinar. The webinar is led by an expert on CEO best practices for valuing a company’s assets, Peter Aronstam (Partner, B2B CFO Partners), and focuses on: Everything you need to know in 60 minutes about how to determine the value of your company’s individual assets in the current economy and how to capitalize...
CFO Of the Year
David Whitwell is a member of the B2B CFO Par tners network, which places part-time and interim financial executives in short-term assignments, typically with emerging and middle-market businesses. During a current assignment as acting CFO of Blue Bell-based Ansaris, a division of Locus Pharmaceuticals, Whitwell helped the then-CEO transform the business from a non-revenue-generating clinical company into an R&D business with sales. Whitwell’s responsibilities since joining Ansaris in 2008 include working with the CEO on long-term strategy and general strategic and operating issues, including cash flow; board meetings, new business plans and infrastructure and operating expenses. He uses information about revenue and profits and losses to help guide a long-term strategy for the company. Whitwell got high marks from Ansaris CEO Joan Lau for his assistance restructuring the company to focus on its scientific strengths and cost reduction. “David is not only an excellent strategist, he has adapted seamlessly into our organization in a way that is very effective,” wrote Lau in her nomination. “Importantly to me, he provides me his opinion, counsel and recommendations on the pros/cons of any decision, and then after a decision is made, supports the implementation of the decision fully. He works both with management as well as scientists with ease, and many come to him for advice/counsel before making proposals to senior management.” ? How did you arrive at your field?: I always was very analytical and strong with numbers which lead me to accounting and financial positions as building blocks to the CFO position. What have you done to strengthen your company’s growth or profitability?: We eliminated several expensive programs with low...
More Using ‘Rent An Exec’ Services
MTD Micro Molding has been around since 1972 with various names, but has never had a CFO. Dennis Tully, the president of the 20-person manufacturing company in Charlton, decided to change that last year and hired a part-time consultant to help him plan business finances. Now, he wishes he had done it earlier. That consultant is G. Leo Casey, a former CFO and CEO of various venture-backed high-tech companies and a small business guru. He works for B2B CFO, a national consulting company that provides CFO services to businesses on a part-time basis. Within a few months of hiring Casey, Tully said he had weekly financial metrics allowing him to analyze and track trends within his company and dedicate resources accordingly. “It’s a tool that we never really had before,” Tully said. “We always had all this financial information, but we never had the ability to assess the complete financial situation. This makes it a lot easier to steer the ship.” Looking Outside Small business consulting and the outsourcing of executive-level positions seems to be a growing industry, at least for B2B CFO, the organization Casey works for. Jerry Mills founded the company in the late 1980s in Arizona as an independent business consultant and since then it has grown from having nine consultants in 2004 to having almost 200 today, including Casey. Casey, who has worked with Tully for roughly the last year, said many of his small business clients can’t afford a full-time CFO, or have never thought about the benefit of having a financial adviser. “This is about taking a company to that next level, to...B2B CFO® are media experts on, and can speak to the media on:
- - Company Financials
- - Small Business Finance
- - Lending
- - Profit/Loss Statements
- - Exit Strategy
