Randall Winton, Page 1
RANDALL K. WINTON, MBA, CPA, CMA, CFM, JD, CGMA
710 Bowling AvenueHome: (615) 679-9918
Nashville, Tennessee 37215E-mail:
Cell: (615) 498-6760
SUMMARY: An energetic and accomplished financial executive with extensive experience in manufacturing, distribution, telecommunications, services and law. Throughout his career, which has spanned an era of regulatory, technological and cultural change, he has led companies to financial success while providing value in the following areas:
Raising CapitalControlling Costs
System ImplementationMergers and Acquisitions
Operations ReviewManagement Reporting
Increasing Utilization of AssetsShort and Long-term Strategic Planning
Corporate Governance and ComplianceExternal Financial Reporting
PROFESSIONAL EXPERIENCE
2007 – presentWINTON CPA, PLLC Managing MemberBrentwood, TN
WINTON LAW, PLLC Managing Member
Accounting and legal practices focusing on business matters: accounting, contracts,
corporate governance, taxation, bankruptcy, and civil litigation related thereto
2013DAVID LIPSCOMB UNIVERSITY Adjunct Professor – Business Law Nashville, TN
2013BELMONTUNIVERSITY Adjunct Professor – Advanced Accounting Nashville, TN
2010 - 2012PDP HOLDINGS, LLC Senior Vice President – Finance Nashville, TN (An early stage health care products distribution company)
Major Accomplishments:
- Implemented company’s initial accounting systems
- Placement of lines of credit for parent and subsidiary operations
2006 – 2007OPERATIONAL AND FINANCIAL CONSULTANTNashville, TN
Managed major consulting projects including: major revamping of financial reporting and cost accounting systems for mid-size manufacturing company; major system implementation for mid-size manufacturing company; interim corporate controller for large service company; major system review for large distribution company; salary survey and compensation evaluation for mid-size software company; SEC reporting for large natural resources company, and system implementation for large health-care company.
2004 – 2006Mephisto, INC. Chief Financial OfficerFranklin, TN
(U.S. subsidiary of a $400 million manufacturing and distribution company)
Major Accomplishments:
- Managed year-long IRS audit with only 1% change in tax for the periods under audit;
- Reduced the company’s inventory levels via increased turnover through better visibility of on-hand, on -order, and staged inventory levels;
- Improved aging of accounts receivable via establishment of internal review process with sales department;
- Established new subsidiary companies with reporting system consolidation processes;
- Converted several customers to EDI based ordering system;
- Avoided cost increases on health insurance program via improved negotiations process;
- Converted treasury management from manual to automated with time and cost savings.
2003 – 2004AFL NETWORK SERVICES, INC. Corporate ControllerBrentwood, TN (A $100 million telecommunications services provider.)
Major Accomplishments:
- Managed the company’s Sarbanes-Oxley review and documentation process;
- Managed the relocation of headquarters from Lexington, KY to Brentwood, TN;
- Conducted major overhaul of percentage of completion accounting and reporting system;
- Revamped the company’s financial reporting system
2001 – 2003PHOENIX RESTAURANT GROUP, INC. Corporate Controller Nashville, TN
(A $200 million publicly-traded restaurant chain owner and franchisee)
Major Accomplishments:
- Management of the hiring, training, and relocation of the company cross-country
- Selection of a new accounting software package and its implementation and conversion
- Negotiations with senior lender for interim financing requirements;
- Selection of new lead bank and treasury management software and conversion to same;
- Reduced banking costs by 15 percent;
- Established twenty new operating companies and related accounting and reporting.
1999 - 2000UNARCO MATERIAL HANDLING, INC. Chief Financial OfficerSpringfield, TN
(A $100 million manufacturer of warehouse storage systems)
Major Accomplishments:
- Evaluated and closed off-site warehouse and remote sales office with annual savings;
- After evaluation, replaced the company’s 401(k) plan provider;
- Conducted a major review and revamping of company’s product costing system.
1994 – 1999UCI Vice President, Chief Financial Officer, Secretary/Treasurer Brentwood, TN
(U.S. subsidiary of a $300 million, publicly-traded, ISO certified, industrial products manufacturing company)
Major Accomplishments:
- Developed and implemented a greatly improved product costing system;
- Conducted reviews of all locations, products and customers, leading to reengineering of organization, product line rationalization, and revisions to pricing structure;
- Renegotiated financing arrangements with 20% price reductions and more flexible terms;
- Updated and standardized computer hardware/software, producing $50,000 cost savings;
- Redesigned risk management programs reducing costs by 25 percent;
- Reduced accounts receivable days outstanding from 75 to 50
- Increased cash under management seven fold;
- Reduced line of credit needs from $5 million to $2 million
- Quadrupled assets under management ad increased the rate of return seven fold on employee retirement plan
1988 – 1993CENTRAL PARKING SYSTEM, INC. Chief Financial OfficerNashville, TN
(A $300 million privately-held/publicly-traded, international retail service company)
Major Accomplishments:
- Made public offerings and managed financing in excess of $50 million through joint ventures, equity funds, and publicly-traded partnership;
- Conducted "road shows" and other information sessions for equity fund investors/ investment bankers/joint venture partners;
- Evaluated, completed, and assimilated four major acquisitions
- Improved cash management for $250M annual cash flow to significantly increase usable balances, quadrupled interest income and reduced borrowing needs;
- Doubled return on the employee benefit plan assets;
- Upgraded all computer hardware and software producing savings of over $100,000
- Negotiated multi-million dollar domestic/international credit facilities and achieved 10 percent pricing reductions
1982 – 1988NORTEL NETWORKS Assistant ControllerNashville, TN
(A multi billion dollar publicly traded telecommunications manufacturing company)
Major Accomplishments:
- Established and monitored product costs for 20,000+ item inventory under ABC system;
- Managed physical counts/valuations $40 million inventory, with 0% shrinkage/record time;
- Completed financial analyses on merger of two divisions, annual savings of $2 million;
- Identified cost savings opportunities of $1 million;
- Performed acquisition and divestiture reviews resulting in savings in excess of $1 million
- Promoted to this position after directing the internal audit group
1981 - 1982FIRST AMERICAN CORP. Vice President/ Assistant ControllerNashville, TN
(A publicly-held, multi-billion dollar, regional bank holding company)
Major Accomplishments:
- Analyzed financing implications of and prepared SEC filings associated with debt and stock issuance in conjunction with acquisitions;
- Completed analyses and assimilation of three major acquisitions; and
- Prepared financial reporting for Board/SEC/investor relations programs
1977 – 1981DELOITTE & TOUCHE Audit SupervisorNashville, TN
Big Four, International CPA Firm
EDUCATIONMiddle Tennessee State University; Murfreesboro, Tennessee
M.B.A., Concentration in Financial Management; 3.8/4.0 scale
B.B.A., Majors in Management, Finance, and Accounting. Minors in Economics and
Industrial Psychology; 3.4/4.0 scale. Top Student in School of Business
Nashville School of Law; Nashville, Tennessee J.D. Top Student in Class
CERTIFICATES:Certified Public Accountant, Certified Management Accountant, Certificate in Financial Management, Chartered Global Management Accountant, and Attorney. Licensed to practice in Tennessee, Federal Court in Middle District of Tennessee, U.S. Tax Court, Sixth Circuit Court of Appeals and United States Supreme Court.
ASSOCIATIONSAmerican Institute of Certified Public Accountants; Tennessee State Society of C.P.A.s; Institute of Management Accountants; American Management Association; American Bar Association; Tennessee Bar Association; Nashville Bar Association; Tennessee Association for Justice.