Thomas R. Noon
905 Poquoson Crossing, Chesapeake, Virginia 23320
Phone: (757) 639-8856 Email: tnoon@yahoo.com
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SENIOR EXECUTIVE- President/ COO/ CFO
Successful Start up, Turnaround and Growth Strategist
Results-oriented Senior Financial Executive with 30+ years of progressive experience leading business strategy formation, finances and operations for diverse organizations, generating millions of dollars to top and bottom lines. Particularly effective planning, reorganizing, streamlining, financing and strengthening business operations and processes to maximize profitability while meeting customer needs. Successful in building and directing high-performance, cross-functional teams to achieve aggressive business goals. Exceptional at formulating and executing strategic business plans to effectively align and manage key resources in support of business objectives in competitive environments. Transformational leader and pioneer with proven ability to both develop and oversee company initiatives to deliver innovative products and technologies that generate significant revenue growth on a national scale.
Executive Leadership Competencies
P & L and ROI Accountability
Business Turnaround
Operations Management
Equity & Debt Financing
Strategic & Tactical Initiatives
Business Metrics Management
Process Improvement
Technology & Business Integration
Product Development
Business Start up
Mergers & Acquisitions
Due Diligence
Technology Management
Financial & Tax Management
Legal and HR Management
Contract Negotiation
Management Team Development
Technology Development
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PROFESSIONAL EXPERIENCE
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C-LEVEL SERVICES
Chesapeake, VA Various periods 1997 to 2009
Founder of Consulting and Virtual CFO Company assisting mid-market and start up CEO’s with business growth strategies and financing alternatives.
President
• Managed private placement for Internet start up raising capital of $620,000.
• Developed initial business model and budget for $10 million Window Replacement Company.
• Developed referral program to systematically add new clients for a $12 million Media Placement Company.
• Counseled owner of 1,800 unit adult manufactured home community in raising $75 million permanent financing from Northwestern Mutual Life.
• Incubated a Windows software developer and raised $1.6 million in venture capital.
• Developed a direct marketing plan delivering over $1 million in first year sales. Assisted with selling the software and programming team to Borland (become “Sidekick for Windows”).
MR. ROGERS WINDOWS
Chesapeake, VA 2008 to July 2009
Recruited by owner from Consulting Relationship to help build this $10 million premium replacement window and door business into an industry leader along the entire East Coast. This position became a turnaround project due to perfect storm of start up of new market, housing industry crisis and recession.
President
• Developed strategy to bring Charlotte market expansion to cash flow positive within six months and have a positive income before tax of over $40,000 per month for May and June 2009
• Slashed operating costs to reduce overhead by $50,000 (33%) while continuing high customer satisfaction scores and improving operational efficiency.
• Installed improved enterprise system to improve marketing, sales and operational efficiency.
• Cut operating loss by $690,000 (60%) at end of initial year and achieved consolidated profit before taxes of $25,000 in May 2009.
INNOVATIVE BUSINESS AND MEDICAL DEVELOPMENT, LLC
Chesapeake, VA 2005 – 2007
One of two founders of this Consulting and Training Company helping primary care physicians add Med Spa services to generate additional cash flow into their practices.
President
• Created angel level private placement with outside legal counsel to raise start up capital of $450,000.
• Planned and coordinated set up of new corporate office including infrastructure and systems.
SONA MED SPA INTERNATIONAL, INC.
Chesapeake, VA 2000 – 2005
Recruited by the founder to help start this Franchisor of Med Spas. Began with opening Med Spas and developed and implemented the strategy to start franchising. Responsible for all financial and operational departments including the legal, accounting, human resources, information services, marketing, training, and operations support departments. Sona pioneered the med spa industry move away from physicians’ offices and into franchising.
Chief Financial and Operating Officer; Special Projects Officer
• Negotiated terms of the initial $1.5 million strategic investor agreement.
• Researched and managed franchising start up process allowing company to begin franchising in less than six months. Managed the development of the initial Uniform Franchise Offering Circular.
• Helped manage Sona from start up operating losses to $4.5 million of sales and $1.4 million of pre tax income in first full year of franchising.
• Developed the business model and all systems and procedures, hired employees, built an 11,000 sq. ft. corporate office with all systems and infrastructure.
• Directed operations consulting department that helped franchisees increase average monthly sales by 180% to $124,000 per month over a two year period.
• Developed Web marketing program to generate franchise leads at minimal cost and conducted initial interviews of franchise prospects.
• Assisted in the sale of over 150 franchise location commitments in less than two years.
• Assisted in the negotiation, due diligence and documentation of sale of the company to an outside investment group for $ 9 million.
• Planned and developed a hosted enterprise system for the entire franchise system which won a Microsoft Pinnacle Award in 2006 for excellence in use of Microsoft technologies.
JUBILEE TECH INTERNATIONAL, INC.
Virginia Beach, VA 1999 – 2000
Recruited by the founder of this Web and Software Services Company to help build the value of the Company. Responsible for the finance, accounting, human resource, and legal departments.
Chief Financial Officer
• Created strategic plans and negotiated $2.7 million and $7 million rounds of venture capital.
• Initiated incentive compensation plans and employee benefits including stock option plan.
ASIA PACIFIC MEDIA CORP.
BUSINESS INTERNATIONAL NETWORKS, INC.
Virginia Beach, VA
Recruited to manage this new $15 million venture fund by Pat Robertson, founder of International Family Channel, Regent University, and Christian Broadcast Network. Responsible for locating portfolio companies, performing due diligence and negotiating investment agreements. Opened offices in Beijing, Hong Kong and Vietnam.
Principle/CFO – Venture Fund President- Internet Start-up
• Founded Business International Networks, Inc., an Internet business to business site, as a subsidiary of Asia Pacific to take advantage of strategic relationships developed in China.
OSTER COMMUNICATIONS, INC.
Cedar Falls, IA; Chicago, IL; London, England; Paris, France
Recruited by the Founder of this $40 Million International Financial Publisher to help save 300 jobs and turn company around from near bankruptcy. Managed the finance, accounting, legal, telemarketing and human resource departments along with operational responsibility for a magazine, local shopper, and electronic information product. Owner subsequently sold several publications for seven figure amounts.
Chief Financial Officer and Enterprise Manager
• Planned and implemented strategy removing $1 million income tax liability.
• Managed cash crisis and turnarounds of several products for the Company. These products increased their income before tax in a single year by $771,000.
• Assisted with the planning and start-up of several products, including a magazine and an electronic financial information product.
• Sold two enterprises for $3.5 million, including finding the buyers and negotiating the transactions.
• Placed $20 million of financing needed to maintain operations and fund growth strategies.
• Negotiated state tax assessment down from $3.6 million to $250 thousand working directly with the state’s assistant director of revenue.
ARDAN, INC.
Des Moines, IA
Recruited to be the Assistant Controller of this $270 Million Discount Retailer and later became Controller then Chief Financial Officer. Helped Company to achieve highest return on investment in its industry. Managed corporate finance, accounting and information services departments.
Chief Financial Officer
• Developed growth strategies to help company grow sales from $110 million to $270 million.
• Helped Company to achieve highest return on investment in its industry.
• Planned, acquired approval and managed $50 million investment in expansion from 18 locations to over 60.
COOPERS & LYBRAND (Now PricewaterhouseCoopers)
Des Moines, IA
Promoted to Manager in less than 5 years with this Big 4 International CPA firm.
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EDUCATION & OTHER
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BS, Business Administration Iowa State University
Certified Public Accountant (not currently practicing as a CPA)
Microsoft Pinnacle Award in 2006 for excellence in use of Microsoft technologies
