Anthony Salerno

  • Newport Beach US-CA
Anthony Salerno

Work History

Work History

Director of Finance & Administration, API, LLC

Onex Corporation (TORONTO: OCX)

$23 billion public Fortune Global 500 international manufacturing, services, & technology company.

Reporting to the divisional President/CEO, provided support for strategic planning & corporate development related activities while also overseeing financial operations of $300 million marketing, logistics & engineering division.

  • Participated in executing $100 million private equity offering, including development of the offering presentation, sourcing, qualifying & presenting to potential equity sources as well as supplying due diligence materials.
  • Performed valuation analysis on acquisition targets ranging from $5 - $50 million.
  • Heavily involved with Board of Directors meetings, worked with the CEO on the meeting's content as well as participating in meetings as member of management.
  • Appointed CFO for two operating companies. (marketing and engineering)
  • Successfully managed cash flow of multiple companies during difficult, challenging, and changing economic times.
  • Consolidated back office of two operations, resulting in annual cost reductions in excess of $3.7 million (4%).
Jun 2007 - Present

Managing Director

Lyndon Group, LLC

A professional services firm specializing in accounting, finance, IT and corporate governance projects that serves both public and private companies ranging from the Fortune 500 to middle market & emerging growth businesses.

Lead, design, develop, coordinate and execute all marketing communications & business development efforts for the firm as well as client, and referral source, relationship management and strategic vision of the firm.

  • Secured dozens of new clients accounting for over $1.0 million revenue per year in personal sales during the toughest economic conditions.
  • Integrated add-on complimentary service offerings including valuation, corporate governance, privacy, loss prevention, as well as financial & IT leadership services.
  • Enhanced marketing, PR & branding image & strategy including corporate identity, website and marketing materials.
2005 - 2007

North American Controller, Aston Martin

Ford Motor Company (NYSE:F)

Reporting to the Managing Director, responsible for all finance and business operations of the $300 million division.

  • Assisted with diligence materials & process supporting $925 million sale of division to private equity consortium.
  • Optimized expense levels, during 32% annual revenue growth, to the company's two most profitable years in history.
  • Negotiated with captive credit company to develop more marketable lease programs for retail customers thereby increasing sales penetration by approximately 5% ($850,000) without increasing residual risk.
  • Improved marketing and public relations budget performance from 25% cost overruns to 12% favorable variances.
2004 - 2005

Compliance / Internal Control Manager, Jaguar & Land Rover North America

Ford Motor Company (NYSE:F)

Reporting to the divisional CFO, responsible for implementation & maintenance of Sarbanes-Oxley compliance program for $5 billion division while also resolving accounting and control related issues with operations & internal/external auditors.

  • By combining operational and financial expertise, led team of 14 CPA's through two seasons of PwC certified "best in company" implementation of, and adherence to, Sarbanes-Oxley 404 compliance.
Aug 2002 - Dec 2003

Vice President of Operations

Saleen, Inc.

$40 million closely held niche / exotic vehicle manufacturer & tier one automotive supplier.

Reporting to the President/CEO, responsible for all facets of company's operations including two vehicle production lines, fabrication division, paint & coatings division, composites division, purchasing, warehouse, information technology, production planning, corporate strategy & development initiatives as well as sales and engineering support. Accountable for over 70 employees through 10 direct reports.   

  • Participated in executing the successful sale of the company to private equity firm ($20 million transaction), including development of the offering presentation and presenting to potential equity sources.
  • Lead successful negotiations and developed business plan for a five (5) year $43 million new vehicle assembly program (Ford GT sports car - MSRP $140,000) with Ford Motor Company.
  • Lead reorganization of company resulting in a $1.2 million (35%) decrease in labor associated costs.
  • Negotiated more favorable terms with suppliers and customers decreasing working capital by over $1 million (20%).
  • Implemented quality control program which reduced warranty claims by over $200,000 (50%) annually.
  • Reduced aftermarket sales division backlog by $470,000 (85%) by implementing supply chain disciplines.
  • Project managed automotive product (S7) manufacturing launch and engineering design with BOM of over 2,000 parts.
Mar 1997 - Apr 2000

Controller, California Speedway - Penske Motorsports (NASDAQ:SPWY)

Penske Corporation

$9 billion closely held international diversified transportation services company.

Reporting to the President/CEO, directed all accounting, finance, human resource, payroll and information technology functions of $40 million operation.

  • Reduced financial closing period by 10 days providing management with more timely & accurate information.
  • Performed multiple speaking engagements for company with audiences ranging from 10 to 2,000 people.
  • Mentored & developed four staff accountants into Controllers.
Jan 1996 - Mar 1997

Various Finance Positions - Penske Trucke Leasing (Joint venture with General Electric (NYSE:GE))

Penske Corporation
Jan 1994 - Dec 1995

Auditor - Public Accounting

ParenteBeard, LLC

A leading mid-Atlantic accounting and consulting firm which provides accounting, audit, tax and general business consulting services with offices in New York, Pennsylvania, New Jersey, Delaware, Maryland and Texas.

Audited, reviewed and compiled financial statements for clients in various industries including construction, utilities, media, waste management, insurance, financial services, healthcare, manufacturing, education and travel.

Education

Education

Bachelor of Science

Wilkes University

Activities: Alumni Mentor, Economics Council, Finance Council, Business Society

Summary

Diversified professional with over 16 years of experience who is a proven business leader and effective negotiator with a successful record of operational, financial & business development initiatives. Results & detail oriented team builder adept at increasing profits, adding value, identifying problems, defining solutions and executing strategies using strong communication and interpersonal skills.

Key Qualifications:

  • Strategic Planning
  • Operations Management
  • Entrepreneurial Spirit
  • Manufacturing
  • Corporate Development
  • Business Development
  • Corporate Governance
  • Financial Operations
  • Start-up / Turnaround

Industries of Expertise:

  •  Consumer Products
  • Marketing Services
  • Luxury Market
  • Event / Sports Entertainment
  • Professional Services
  • Automotive / Motorsports

Interest

- Family

- Automobiles / Motorsports

- Sports

- Economics

Volunteer Work

Board of Directors / President

Dana Point Concours d'Elegance

Non-Profit; Automotive industry

October 2009 - Present

Volunteer run, 501(c)3 not-for-profit organization, with excess proceeds supporting Southern California youth charities. The event showcases Southern California automotive and motorsports heritage.

Board of Directors

Lott Trophy / Pacific Club IMPACT Foundation

Non-Profit; Sports Industry

January 2009 - Present

The Lott Trophy® was established by The Pacific Club IMPACT Foundation® to honor college football's Defensive IMPACT® Player of the Year. The award is unique because it represents the first trophy to give equal weight to personal character as well as athletic performance