Managing Director

Bill joined Argus Management Corporation in 2007 and has been engaged as a CFO since that time. Bill has 20 years of professional experience in finance and operations. His past experiences have included executive level positions in both finance and operations with titles of Vice President of Finance, President, and Chief Operating Officer for large publicly traded companies, privately held organizations, and entrepreneurial start-ups. For the past 12 years, Bill has been involved specifically with turnaround management and has played varied critical roles in the successful turnaround of three companies. He is well versed in organizational reengineering, corporate restructuring and bankruptcy activities. Bill has vast industry experience, working with consumer products, service organizations including business to business and manufacturing environments. Prior to joining Argus, he worked in the marketing services, credit card services, soft drink, consumer household and outdoor products, theft prevention and security, and solar energy industries. Bill also served on the Board of a non for profit organization.

Recent engagement:

Primis Marketing Group, Inc. - Middle tier marketing services company with multiple locations. Bill has served as a CFO/COO and member of the executive team since joining the firm in October 2007.

Accomplishments:

Cash — improved DSO from 53 days to 38 days by implementing rigid collection practices while also reducing reserves by over $350K. Improved DPO from 39 days to 68 days by renegotiating vendor terms without disruption to the business. Reduced annual vendor commitments by 50%. Overall cash flow improvement in excess of $1M.

Financials — provided lenders with weekly 13-week cash flows, monthly financial reporting and quarterly compliance certificates. Also provided BOD with detailed monthly operating presentations.

Performance — disolved an underperforming division resulting in a cash gain in excess of $300K.

Leadership — Led consolidation and centralization of finance, human resource and IT departments resulting in annual savings in excess of $750K. Applied six-sigma techniques in re-engineering order through delivery process resulting in annual cost savings and scalable, repetitive process.

Reporting — enhanced company reporting by introducing daily, weekly and monthly operating and financial tiered metrics allowing company to improve competitive position by quickly identifying and reversing negative trends.

Cost Effectiveness — reduced the number of office locations from six down to two and renegotiated the corporate office lease resulting in over $1.5M in savings over 5 years.

Due Diligence — led the due diligence and transaction support schedule efforts in a successful APA

Background

Bill has an undergraduate degree in Finance and an MBA from Florida Atlantic University and is a Six Sigma graduate.