2
John M. Peterson, CFA 5508 Tamarack Circle C: 952-607-8142 H: 952-474-6256 Minnetonka, MN 55345 email: [email protected] www.linkedin.com/in/johnpetersoncfa SENIOR FINANCE EXECUTIVE (CFO, VP Finance, COO) Offer innovative solutions to complex challenges and serves both as a change agent and conduit for critical financial and operational information. Ability to navigate business challenges and foster financial and operational sustainability amidst global market uncertainty. High-performing leader with 20-year record of driving robust and scalable capabilities across business units and functions, while orchestrating cohesive, infrastructure-embedded efficiencies. Own the internal design and delivery of current / future finance, risk and compliance / systems initiatives; sustain business solidity through expansion, diversification and transformation. Empower teams with world-class support to deliver the same. Equally strategic and tactical in identifying, evaluating, selecting and executing the right options to drive company valuation—whether controlling costs or invigorating growth. Key player in numerous financing, M&A, divestiture, joint venture and IPO initiatives around the common theme of maximizing performance, profitability and return to stakeholders. Offer blended business, treasury and finance expertise to lead the charge. CEO / COO Strategic Partner: Set financial controls and processes at GMAC and post-acquisition Cendant that propelled transparency and satisfied public-company scrutiny. Integrated businesses and platforms to realize cost savings >$60. Infrastructure Building: Reduced working capital by $1 billion by efficiently using assets; improved Cendant cash flow by $100M through process redesign and automation. Financial Solutions: Created financing structure allowing acquisitions of hotel and timeshare properties to ensure revenue growth estimated between $50M and $100M. Funding solutions and tax strategies cut expenses by >$100M; and spurred uninterrupted growth in multiple industries. Planning and Analysis: Developed vigorous cash forecasting process to meet requirements of private equity owners. Narrowed error range from >$750M to <$50M in forecast accuracy. Private Equity Savvy: Managed and communicated key financial and cash flow information to Cerberus Capital following August 2007 market liquidity disruption. Managed due diligence efforts for investors or joint venture partners while at Cendant. MBA, Fuqua School of Business, Duke University. BS Econ., Wharton School, Univ. of Pennsylvania CAREER EXPERIENCE & ACHIEVEMENTS GMAC FINANCIAL SERVICES, Minneapolis, MN 2004 to December 2009 Global, diversified provider of innovative capital solutions to businesses, investors and consumers. Managing Director Led ResCap division treasury short-term funding initiatives ($24 billion) and liquidity positioning, cash flow forecasting, rating agency and bank relations, controls and compliance. Maintained liquidity in volatile capital market with a $60 billion restructuring. Improved integrity of cash reporting. Grew department from 3 to 40.; all direct reports were selected as leaders for GMAC global liquidity function 70% of Director-level positions. With a tenuous cash position, built cash flow forecasting process (13-week roll-forward; 26-week monthly) that satisfied the requirements of private equity owner (Cerberus), lender group and the Federal Reserve. Marshaled cross-functional business units’ collaborative creation of refinancing solutions, including $20 billion in bank line renegotiations and a $7 billion bond exchange. Averted bankruptcy that would have potentially taken down GMAC and GM—pre-bailout proposals. Recruited, hired and retained a team of 40 through economic / industry crises and ownership and management changes (four CEOs and six CFOs); sustained only one turnover in each of last two years. Introduced SOX and a suite of robust controls and compliance functions. Averted hitting triggers. Satisfied SEC and lender requirements; impacted filed debt; ensured ongoing compliance to financial covenants. Reduced capital requirements by $1 billion; lowered interest expense by $10M.

John M. Peterson January 2010

Embed Size (px)

Citation preview

Page 1: John M. Peterson January 2010

John M. Peterson, CFA5508 Tamarack Circle C: 952-607-8142 H: 952-474-6256Minnetonka, MN 55345 email: [email protected]

www.linkedin.com/in/johnpetersoncfa

SENIOR FINANCE EXECUTIVE (CFO, VP Finance, COO)

Offer innovative solutions to complex challenges and serves both as a change agent and conduit for critical financial and operational information. Ability to navigate business challenges

and foster financial and operational sustainability amidst global market uncertainty.

High-performing leader with 20-year record of driving robust and scalable capabilities across business units and functions, while orchestrating cohesive, infrastructure-embedded efficiencies. Own the internal design and delivery of current / future finance, risk and compliance / systems initiatives; sustain business solidity through expansion, diversification and transformation. Empower teams with world-class support to deliver the same.

Equally strategic and tactical in identifying, evaluating, selecting and executing the right options to drive company valuation—whether controlling costs or invigorating growth. Key player in numerous financing, M&A, divestiture, joint venture and IPO initiatives around the common theme of maximizing performance, profitability and return to stakeholders. Offer blended business, treasury and finance expertise to lead the charge.

CEO / COO Strategic Partner: Set financial controls and processes at GMAC and post-acquisition Cendant that propelled transparency and satisfied public-company scrutiny. Integrated businesses and platforms to realize cost savings >$60.Infrastructure Building: Reduced working capital by $1 billion by efficiently using assets; improved Cendant cash flow by $100M through process redesign and automation.Financial Solutions: Created financing structure allowing acquisitions of hotel and timeshare properties to ensure revenue growth estimated between $50M and $100M. Funding solutions and tax strategies cut expenses by >$100M; and spurred uninterrupted growth in multiple industries.Planning and Analysis: Developed vigorous cash forecasting process to meet requirements of private equity owners. Narrowed error range from >$750M to <$50M in forecast accuracy.Private Equity Savvy: Managed and communicated key financial and cash flow information to Cerberus Capital following August 2007 market liquidity disruption. Managed due diligence efforts for investors or joint venture partners while at Cendant.

MBA, Fuqua School of Business, Duke University. BS Econ., Wharton School, Univ. of Pennsylvania

CAREER EXPERIENCE & ACHIEVEMENTS

GMAC FINANCIAL SERVICES, Minneapolis, MN 2004 to December 2009Global, diversified provider of innovative capital solutions to businesses, investors and consumers.

Managing DirectorLed ResCap division treasury short-term funding initiatives ($24 billion) and liquidity positioning, cash flow forecasting, rating agency and bank relations, controls and compliance. Maintained liquidity in volatile capital market with a $60 billion restructuring. Improved integrity of cash reporting. Grew department from 3 to 40.; all direct reports were selected as leaders for GMAC global liquidity function 70% of Director-level positions.

With a tenuous cash position, built cash flow forecasting process (13-week roll-forward; 26-week monthly) that satisfied the requirements of private equity owner (Cerberus), lender group and the Federal Reserve.Marshaled cross-functional business units’ collaborative creation of refinancing solutions, including $20 billion in bank line renegotiations and a $7 billion bond exchange. Averted bankruptcy that would have potentially taken down GMAC and GM—pre-bailout proposals.Recruited, hired and retained a team of 40 through economic / industry crises and ownership and management changes (four CEOs and six CFOs); sustained only one turnover in each of last two years.Introduced SOX and a suite of robust controls and compliance functions. Averted hitting triggers. Satisfied SEC and lender requirements; impacted filed debt; ensured ongoing compliance to financial covenants.Reduced capital requirements by $1 billion; lowered interest expense by $10M.

Page 2: John M. Peterson January 2010

John M. Peterson, CFA Page 2 of 2

CENDANT CORPORATION, Parsippany, NJ (Split into several companies in 2006) 1998 to 2004With $14 billion in revenues at its peak, businesses included hotels (Ramada Inn, Days Inn, Super 8, Wyndham Worldwide); timeshare (Wyndham Worldwide); real estate (Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, ERA®, Sotheby’s International Realty® and Coldwell Banker Commercial®); rental car (Avis and Budget); mortgage and fleet leasing (PHH Corporation); and travel distribution (Galileo and Orbitz).

Vice President and Assistant TreasurerHeaded corporate finance, M&A, foreign exchange, cash management and investments. Implemented FAS 133, FIN 46 and Sarbanes-Oxley processes. Developed public market securitization for $550M relocation receivables ($500K annual interest expense savings); closed lease transaction ($35M tax savings over five years).

M&A: Structured $2.5 billion in acquisition financing to purchase Budget Rent a Car out of bankruptcy, saving >$2M. Managed the controlled integration of over 15 acquisitions.

Banking Relationships: Managed portfolio of 30 banks yielding >$10 billion in secured / unsecured financing and $10M in fees.

Corporate Finance: Oversaw issuance of debt, convertible debt and share repurchasing program. Participated in the development of tracking stock for dot com businesses, offering materials and targeting capital levels.

International Finance: Managed FX risk; set notional pooling structure optimizing cash use in non-US accounts.

Investments: Shaped and integrated policies and manager review process for a $1 billion investment portfolio.

Rating Agency Relations: Primary point-of-contact for three agencies across two different filing entities.

Partnered with CEO to create synergy opportunities across systems and cut post-acquisition costs of three timeshare companies ($400M in revenues). Sliced operating expenses by >$50M; borrowing by >$10M.Consolidated cash G/L; rationalized bank accounts; established Euro netting center (>$10M savings). Improved cash flow by >$100M, with same-day cash balance to senior team; consolidated 20 entities.

MBNA CORPORATION, Wilmington, DE 1990 to 1997Leading global provider of Master Card / Visa (acquired by Bank of America in 2005).

Senior Vice President, Corporate Finance (1995-1997)Oversaw capital issuance, securitizations and funding strategies. Promoted three times during tenure. Played key role on team that established treasury function following 1991 IPO.

Secured $2 billion in bilateral facilities and led syndication of first revolving credit facility.Managed first-ever tax deductible preferred stock of a bank holding company; yielded an $8M savings.Negotiated subordinated debt and first-ever UK securitization; spurred growth of MBNA UK 50% above plan. Worked directly with the Bank of England to obtain consent for these strategies.

MARYLAND NATIONAL BANK, Baltimore, MD 1983 to 1986; 1988 to 1990Assistant Vice President (1988-1990) Corporate Foreign Exchange Dealer (1984-1986) / Credit Training Program (1983-1984)

EDUCATION, CREDENTIALS & DEVELOPMENT

Master of Business Administration, FUQUA SCHOOL OF BUSINESS – DUKE UNIVERSITY (1988)

Bachelor of Science in Economics, THE WHARTON SCHOOL – UNIVERSITY OF PENNSYLVANIA (1983)

Chartered Financial Analyst (1996) ~ ResCap’s Executive Leadership Program (2006)