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Work experience

Apr 2009Present

FP&A Executive Services

Consultant

Designed, developed, and delivered a comprehensive 3-year planning model for Storeboard.com and led the creation and implementation of a long-range planning tool for Redi2 Technologies, among other consulting experience.

·Created a metric-driven model that comprised P&L, balance sheet, free cash flow, best/worst case sensitivity analysis, and valuation to accurately evaluate a $5.5M funding request.

·Designed and developed a tool that reliably projected revenue by customers, associated costs, balance sheet, and free cash flow.

Dec 2010Present

Financial Planning & Analysis

Wholesale Applications Community
Responsible for all planning, reporting and analysis.Open global alliance formed from leading organizations within the telecoms sectorFinancial modelingDeveloped detailed 3 year budget model including Cash Flow and Balance Sheet reconciling to high level plan previously delivered to Board of Directors.ProcessImplemented procurement approval process and purchase order tracking and reporting mechanism.Implemented new hire process approval and tracking to Budget.
Dec 2010Present

FP&A

Wholesale Applications Community
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Dec 2010Present

FP&A

Wholesale Applications Community
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Implemented procurement approval process and purchase order tracking and reporting mechanism.<o:p></o:p>

Dec 2010Present

FP&A

Wholesale Applications Community
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Developed detailed 3 year budget model including Cash Flow and Balance Sheet reconciling to high level plan previously delivered to Board of Directors.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

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Aug 2006Apr 2009

VP, Finance

Ask.com
  • Direct and supervise the business planning organization.Oversee revenue and cost planning, forecasting and budgeting for 29 P&L's and 200+ Cost Centers.
  • Counsel executive management team on key drivers
  • Lead 5 member team to coordinate MD&A, Planning, Weekly Forecasting, Quarterly Earnings, and Monthly Reporting.
  • Review and values Business Development proposals.Implemented valuation model that identified $11M of previously unrecognized Hosting expense.
  • Developed Free Cash Flow forecast and 10 year plan valuation model.
Jan 2000Sep 2005

Director, FP&A

Director Financial Planning and Analysis

  • Performs comprehensive analysis, evaluates new capital projects and other business and marketing related evaluations to increase effectiveness while managing business and department transitions.
  • Supervises a team of eight employees in minimizing downtime as well as reviewing systems status and determining areas where improvements will create efficiencies.
  • Oversees all international plans including joint ventures and wholly-owned subsidiaries.
  • Leads system conversion teams, including transitioning from Oracle to Great Plain Accounting.
  • Identifies and evaluates fundamental problems for major functional areas through assessment of intangible variables.
  • Serves as a key contributor to the Employee Survey Task Force to implement cross-functional initiatives which resulted in savings due to improved productivity, morale, and retention.

Director Financial Planning and Strategy

  • Generated savings of $1.5MM annually by recommending new pricing proposals including development of valuation assessment tool eliminating unprofitable pricing plans.
  • Devised alternative business cases scenarios and strategy of business wind-down and disposition resulting savings in excess of $1MM.
  • Led the design and implementation of multi-dimensional planning database and forecasting tool that accelerated planning process by 32 hours per month, annual savings of $25k.
Jan 1994Dec 2000

Managing Director, FP&A

Managing Director - International Financial Planning and Strategy

  • Accelerated the International Business Plan consolidation and modeling system by more than five days in the reporting cycle with significant improvements in integrity and reporting flexibility, accomplishing $30k in savings.

Staff Director -- Business Analysis

  • Served as a major contributing force in an upwards price of 20% premium paid in acquisition and a four-fold increase in IPO share price by developing industry benchmarking analytics leading to a world-class reputation as premier global wireless partner and technology leader.
  • Directed the Quality Action Team to implement monthly financial reporting production, content and methodology thus facilitating improvements in efficiency and $500K savings per year.
Sep 1986Jan 1994

Manager - Financial Assurance

  • Recovered over $300k by handling the wind-down and liquidation of the InfoSystems subsidiary.
  • Negotiated a multi-million dollar disputed purchase agreement and litigation which saved the company $197k in closing costs and improved valuation and over deductions.

Education

Skills

Oracle
Great Plains
Led implementation Great Plains
Microsoft Powerpoint
TM1
Implemented TM1
Hyperion Essbase
Implemented and designed Essbase systems.
Microsoft Excel

References

Sabina Ahmed

“Don was instrumental in managing and putting structural framework for AirTouch's international FP&A while the company experienced explosive growth. His ability to anticipate and resolve complex corporate and joint venture financial issues creatively while managing his team in his highly professional and calm manner made him invaluable to the CFO.'s organization and a great boss to work with.”

Paul Martin

“I worked with Don for many years at Vodafone. I found him to be a solid finance professional with great expertise in budgeting and planning. Don has a quick mind and is able to cut to the chase on a project or task to get it done with speed and accuracy properly prioritizing the most important elements to get the job done in the timeframe available. Don has a self-confidence that allows him to speak his mind and as such is a strong fiduciary for a company. He possesses a unique combination of systems insight and design skills along with analysis skills that allows him to bridge financial information systems and budgetary and project analysis.”

Jason Madison

“Don is an excellent financial executive. He is very thorough and detailed in providing decision support as our VP of FP&A. He is also very effective at setting and communicating deadlines relating to financial reporting deliverables. Don is very hands on and frequently drills down into the analysis rather than simply delegating to more junior staff. It has been a pleasure working with Don and I would welcome the opportunity in the future.”

Kristin Keeshen

“It was a pleasure working in Don’s organization at AirTouch. He is a true visionary with a unique ability to be detailed oriented with a big picture perspective. Don is driven to providing quality information to his customers and challenges himself and his staff to consistently think outside of the box. He is committed to process improvements and thrives on the opportunity to re-engineer an entire process; implement the latest technologies; gain efficiencies and maximize the value of his product. Don is a highly effective communicator; verbally and in Executive presentation materials. He has a great sense of humor and embodies the balanced life proposition. He is an innovative leader and a dedicated team player. I would love the opportunity to work with Don again in the future.”

Satish Narasimhan

“Don was a very valuable asset to the Vodafone Americas finance organization and it was a pleasure working for and with him during my years there. I was always amazed at how comfortable he is being detail oriented where it's needed, but could take a high level view at the same time. He's a great manager who recognizes both his role within the organization, as well as the role of his superiors & subordinates. He is very respectful of his co-workers, and has been a good role model for me personally. I wish him the very best in his future endeavors.”

Catherine Li

“As the VP of Finance, Don has made significant improvement on our planning and reporting processes. He constantly explores opportunities for innovations and encourages his employees to think outside the box as well. Don manages his team effectively by setting reasonable deadlines and communicating clear deliverables to his employees. His very calm manner and great sense of humor makes him a very approachable leader to his employees.”

Abram Hardin

“Don Sherwood is an excellent financial professional. He has superior analytic abilites which are coupled with top notch problem solving capabilities. In my numerous daily interactions with Don I always found him to be able to put issues in clear perspective and come up with a number of possible solutions. His sense of humor and committment to the organization were always welcome as well. I recommend him highly and without reservation.”

Summary

Dynamic professional with a demonstrated track record of cutting costs and increasing efficiency. 20 years of experience in interpreting business vision, developing strategies and translating ideas into successful projects, programs and policies.

High degree of proficiency in development of presentations, discounted cash flow and IRR modeling, concepts, and techniques.

Significant achievements in dealing effectively with major changes as a result of rapid growth, organizational maturity, and increasing competition.

Literacy and understanding of enterprise software platforms, budget and forecasting tools, data mining and analysis tools. Interfaces with customers and executives, playing an integral part in the organization while overseeing worldwide financial operations.

Links

Publications

The Bull-Market Wireless Report 2000-2001

Contributing Writer

DBMS 1995

Business Case Study for AirTouch Planning Model