Donald Vestrand

Summary

A top executive with extensive domestic and international finance and administration experience in diverse industries, including manufacturing, retail and wholesale distribution and services. Possesses the proven ability to improve operations, impact business growth, maximize profits through achievements in finance management, cost reductions, internal controls, and productivity efficiency improvements. Demonstrates strong qualifications in general management, business planning, system technology design and implementation, as well as staff development and leadership.

Work History

Work History
Feb 2005 - Dec 2009

Director of Finance, Chief Financial Officer

ADVANCED CONTROL SYSTEMS, INC
Directed financial management functions, including development of monthly/quarterly revenue recognition, financial statements, financial forecasts, budgets. Oversaw general accounting functions, AR/AP, account reconciliation, cash management. Developed highly skilled accounting and financial management team to achieve established objectives. Interacted with chief executive officer and president concerning financial forecasts and reports. Spearheaded implementation of technology related to new BAAN ERP system. Strategically restructured financial reporting processes in accordance with organizational changes. Negotiated/structured financing agreements, resulting in basis point reductions, easing/more favorable covenant restrictions and simplification of borrowing process. Served in sale of 32 year old privately held company to Portuguese conglomerate in 2007. Oversaw due diligence review by four prospective purchasers. Directed annual plan review process and strengthened accountability by partnering with senior level department managers. Assisted in financing for new U.S. manufacturing facility for foreign parent. Instituted weekly cash forecasting and management. Managed four professional and clerical employees.
Jun 2002 - Feb 2005

Controller

GIMBORN PET SPECIALTIES, INC
Held responsibility for all accounting, IT and human resource functions. Prepared financial reports, developed budgets, and performed variance analysis in accordance with business plan. Built and led teams to carry out special projects. Oversaw financial management systems, evaluating, integrating new applications. Developed policies and procedures. Researched new ERP manufacturing system and managed implementation of project. Held general ledger responsibility through financial statements. Performed financial statement analysis. Oversaw cost accounting, cash management and forecasting. Directed balance sheet management, financial analysis, payroll and risk management. Held external audit responsibility. Oversaw EDI transaction with Wal-Mart and PetCo. Managed staff of three clerical employees.
Aug 1996 - Dec 2001

Owner, Operator

CAFé GOURMET
Purchased deli in Tower Place office.
Aug 1999 - Jul 2001

Assistant Controller

META SECUR E-COM SOLUTIONS, INC
Developed policy, procedures, internal reporting for start-up IT security company. Held responsibility for all accounting functions/contract management. Managed general ledger through financial statements. Performed financial statement analysis. Oversaw contract management and costing, including review of contract, billing and collection. Increased productivity levels by developing project utilization reporting to increase employee utilization by 15% and contributed to increased project closing. Prepared contract revenue recognition. . Held responsibility for government contract with Sandia National Labs as well as external audits. Directed multistate sales tax and property tax. Oversaw payroll and IT department. Managed one staff member.
Aug 1988 - Jul 1996

Controller, Chief Financial Officer, Corporate Secretary

BWI FORDS HOLMATIC, INC
Served as key member of management team. Held responsibility for all financial and managerial accounting functions, including preparation of financial statements, financial analysis, and cash management. Directed cost accounting, risk management, IT department, HR, 401(k) trustee. Oversaw general ledger through financial statements. Led balance sheet, budgeting, forecasting, and financial analysis. Managed multistate sales/property tax, payroll, external audits and letters of credit. Achieved operating profits of 20% through management team development and efficiencies. Gained corporate recognition for balance sheet management with emphasis on cash flow. Developed internal reporting package with components implemented corporate-wide. Met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives. Led staff of six professional and clerical employees

Education

Education

B.S

Duquesne University