1. VINCENT J. LOMBARDO
1946 West Bearss Avenue
Tampa, FL 33618
Telephone: (813) 451-4843
E-Mail: vjlombardo@tampabay.rr.com
SUMMARY
Senior financial, operational and IT executive with a unique background compared to most
CFOâs. Started career as an analyst that provided a strong understanding of business and
operations. In last position, reduced operating costs 20% by reviewing every expenditure. As
CFO at a publicly traded company, developed and led the companyâs Sarbanes-Oxley
compliance and strategic plan that increased revenue from $89 million to over $140 million.
Experience in professional services, manufacturing, distribution and high-tech.
Diverse experience in strategy, operations, IT, reengineering, mergers & acquisitions
including 34 companies acquired at FleetPride, workers compensation and risk
management.
Strong knowledge of accounting, treasury, tax, Sarbanes-Oxley/SEC compliance, audit,
investor relations and human resources.
PROFESSIONAL EXPERIENCE
CAPSTONE TROPICAL HOLDINGS, INC. â Land OâLakes, Florida 2007 â 2010
Professional real estate services company with 6 related businesses: residential brokerage
(Prudential Tropical Realty), commercial brokerage, mortgage company, title company,
property management business and warranty company. 15 locations.
Chief Financial Officer and Vice President,
Corporate Officer in charge of finance, accounting, acquisitions, information technology, human
resources, treasury, audit and risk management. Reported to CEO and managed staff of 20.
Eliminated 20% of operating expenses by developing and implementing a strategic cost
reduction plan that included a review of all expenses including headcount, facilities, office
equipment and marketing expenditures.
Implemented procedures for handling foreclosure and short sale transactions. Established
program with a local law firm that streamlined processes and reduced risk to the company.
Led acquisition of 6 companies and 4 new locations. Responsible for negotiations, deal
structure, due diligence and integration of acquired businesses.
Managed relationships and negotiated with lenders, law firms and insurance providers.
Implemented property management operating system and new company website.
Developed strategic growth plan. Designed incentive-based compensation plans and
reorganized the corporate structure to support the strategy.
Created financial and reporting packages for the Board of Directors and management.
Streamlined annual budgeting process and implemented periodic financial forecasting.
INDEPENDENT MANAGEMENT CONSULTANT 2006 â 2007
Interim CFO for a Fort Myers, Florida based start-up real estate company. Developed three
year strategic growth plan, standardized controls and a forecasting process.
Managed cash flow for a Boca Raton, Florida based $50 million telemarketing company
experiencing severe cash shortage and in default of loan covenants.
Oversaw for lender the operations and cash flow of a $60 million heavy equipment
distributor based in Jacksonville, Florida in default of loan covenants.
2. VINCENT J. LOMBARDO PAGE 2
ABLEST INC. â Clearwater, Florida 2002 â 2005
$137 million publicly traded provider of temporary staffing solutions, 56 U.S. locations.
Chief Financial Officer, Vice President, Secretary and Treasurer,
Corporate Officer in charge of all accounting, SEC reporting, treasury, planning, tax, audit,
information technology, risk management, business development and investor relations.
Reported to CEO and managed staff of 22.
Established three year strategic growth plan resulting in revenue and earnings increases of
34% and 117%, respectively. Determined appropriate planning process and growth areas.
Developed the procedures and established the team opening and integrating 30 offices.
Developed SEC, Sarbanes-Oxley and GAAP compliance policies and procedures.
Implemented standardized internal controls and processes for SEC financial reporting,
accounting, accounts receivable, accounts payable, payroll and budgeting.
Revamped workers compensation strategy to manage costs leading to a 30% reduction.
Selected and negotiated contracts with carriers and brokers. Implemented proactive
training, case management, monitoring and financial incentives.
Managed relationships and negotiated with lenders, law firms, investor relations and
insurance providers. Decreased committed credit facility borrowing rates by 75 basis points.
Reorganized and upgraded personnel in the Finance and IT departments. Reduced the
monthly closing to 8 days and provided detailed financial analysis and improved reporting.
Implemented Crystal Reports, Witness Systems online scoreboard and a disaster recovery
system. Led application software assessment.
FLEETPRIDE INC. â Deerfield, Illinois 1998 â 2001
Employed at inception of this private equity backed start-up that grew to a $500 million
distributor and manufacturer of truck parts. 34 companies acquired with 170 U.S. locations.
Corporate Controller / Treasurer,
Managed company-wide accounting, reporting, forecasting, budgeting, acquisitions, bank
relations, cash management, risk management and employee benefits. Reported to CFO and
managed staff of 40.
Established corporate accounting staff and standardized reporting and controls.
Created and filed initial SEC documents including the S4, 10K and 10Q.
Participated in negotiations to acquire 34 companies. Led due diligence and integration of
acquired companies. Develop plan and led integration of employees, processes and
systems.
Developed system to manage and account for $110 million parts inventory.
Implemented integrated cash management structure and lowered DSO by 5 days.
Coordinated amendments to the companyâs credit agreement and managed bank relations.
ANIXTER INTERNATIONAL INC. â Skokie, Illinois 1997 â 1998
$3.8 billion international distributor of wire, cable and network products.
Director, Financial Planning and Analysis,
New corporate level position established to direct worldwide strategic planning and lead the
implementation of a new PeopleSoft financial system.
Established standardized worldwide planning process.
Standardized consolidation of worldwide plans using Hyperion software.
Designed worldwide financial system which led to a three day closing cycle.
Developed plan and led implementation of PeopleSoftâs general ledger and Crystal Reports.
3. VINCENT J. LOMBARDO PAGE 3
GENERAL BINDING CORPORATION â Northbrook, Illinois 1990 - 1997
$900 million international office products manufacturer and distributor.
Corporate Treasurer, 1994-1997
Responsible for worldwide treasury functions. Reported to the CFO and managed staff of 35.
Established bank relationships, managed worldwide cash, performed acquisition analysis and
due diligence. Responsible for credit & collections, financial planning and 401(k)
administration.
Completed financial modeling and analysis for $160 million acquisition.
Negotiated and obtained $140 million unsecured revolving line of credit and foreign credit
facilities including $20 million in Australia, $10 million in Korea and $7 million in Holland.
Developed foreign currency hedging program that monitored worldwide exposures.
Secured $200 million of risk minimizing interest rate swaps and caps on debt.
Directed the implementation of a 401(k) plan with $50 million in assets.
Project Director, 1993-1994
Managed three overlapping reengineering and computer system evaluation projects.
Obtained Board approval to implement $20 million SSA BCPS computer system.
Directed re-engineering of administrative functions, resulting in savings of $2.3 million.
Manager, Financial Planning and Analysis, 1992-1993
Responsible for corporate planning and analysis. Developed annual budget, prepared monthly
âFlashâ of results, performed analysis of acquisition, prepared Board presentations.
Senior Financial Analyst, 1990-1992
INTERLAKE MATERIAL HANDLING, INC. â Lisle, Illinois 1985 - 1990
Financial Analyst, 1987-1990
Credit Representative, 1985-1987
THE JEWELERS BOARD OF TRADE â Chicago, Illinois 1983 - 1985
Credit Analyst
EDUCATION
M.B.A., Finance, DePaul University, Chicago, IL, 3.9/4.0, graduated with honors, 1991
B.S., Finance, Northern Illinois University, DeKalb, IL, Economics Minor, 1983