LOCAL BUSINESSMAN JOINS NATIONAL FIRM TO HELP SMALL AND MID-MARKET BUSINESSES AS CFO FOR HIRE
B2B CFO’s Part-Time Chief Financial Officer Concept Helps Entrepreneurs Connect to Top Talent at Affordable Rates and on As-Needed Basis
OVERLAND PARK, Kansas — September 3, 2010 — Local business owners can now leverage Overland Park resident Ed Sammarco’s 31-year successful track record in financial managementby hiring him as their CFO on a part-time, as-needed basis. Sammarco will serve as part-time Chief Financial Officer for companies in diverse industries in the Kansas City area.
The part-time, as-needed CFO role is a hallmark of B2B CFO, the nation’s largest CFO firm that provides services exclusively to emerging and mid-market companies. Sammarco joined B2B CFO as a partner in July, becoming the firm’s third partner in Kansas and the first in Overland Park. Nationwide, the firm has 171 Partners spanning 39 states. Sammarco’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 his position at B2B CFO, Sammarco spent much of his career working with Fortune 500 companies in Houston, Texas, and the Kansas City area. While in these positions, Sammarco was responsible for the finance support of many business units, some with P&L responsibility that exceeded $1 billion annually. He has led numerous funding activities, one that resulted in an $800 million bank financing. Sammarco has also implemented multiple process improvements that resulted in company awards, developed and implemented numerous budget programs, credit analysis programs and was responsible for the financial integration of numerous companies that were the result of acquisitions.
“We welcome Ed to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and an entrepreneurial outlook, with deep roots in finance and strong connections in the community,” said Jerry L. Mills, founder of B2B CFO.
In his role as B2B CFOPartner, Sammarco offers business owners of privately held growth-oriented businesses the opportunity to have an affordable, trusted business advisor. Unlike a contract controller or interim CFO, a B2B CFOPartner works to create a long-term professional relationship to help the company grow its profitability and cash flow.
The economic environment for small businesses in the Kansas City area, as in the rest of the country, has proven challenging.
“The last couple of years have been difficult for small businesses both operationally and from a credit markets perspective,” said Sammarco. “This gives a decided advantage to those leaders who can drive incremental sales and profitability and also puts a huge premium on cash management.”
For the business owner, Sammarco draws on his broad industry exposure in financial reporting, cash management, decision support, credit management, credit analysis and process improvement. His considerable experience in these areas enable Sammarco to identify the value drivers for a business, implement strategies to increase value and to work with the business owner to develop a successful exit strategy.
“Difficult business environments sometimes force owners and CEOs to shift their attention away from the customer and the forward looking strategic view and focus on the day-to-day operations and support functions,” said Sammarco. “As a B2B CFO Partner with access to national resources, I can create significant value and benefit by adding affordable management leadership in these areas, allowing the owner and CEO to return his focus back to the customer.”
Sammarco holds a bachelors degree from Youngstown State University and a Master of Business Administration from the University of Houston. He and his wife Nancy live in Overland Park, Kansas,and have three children. When he is not working with clients, Sammarco is an avid bicyclist, a licensed pilot and a certified basketball official.
Direct Contact information:
ABOUT B2B CFO®
Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills who pioneered the “1099 CFO” concept. Today, B2B CFO is the nation’s largest CFO services firm serving entrepreneurial, growth and mid-market companies. The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise. Please visit online at www.B2BCFO.com to find out more about the company and B2B CFO careers.
Jerry L. Mills, CPA is also the author of “The Danger Zone – Lost in the Growth Transition” and “Avoiding The Danger Zone – Business Illusions” – non-fiction business books aimed at entrepreneurs. For additional information, or to purchase a copy, please visit online at www.dangerzonebook.com.
Note to editors: high-resolution image of the headshot is available upon request. Interviews, press materials, and any additional information can be obtained by emailing firstname.lastname@example.org