Retired Executive Officer, Diagnostek, Inc.
Tampa/St. Petersburg, Florida Area
- Past
-
- Director, Audit Committee Chair, COO at Frontline Communications, Inc. (AMEX)
- VP & CFO at Hudson Technologies, Inc (NASDAQ)
- President, COO, CFO at Diagnostek, Inc. [NYSE]
- Manager - Finance at General Electric
- Manager- Financial Planning & Analysis at General Electric
- Assistant Secretary & Treasurer at General Electric
- Chief Financial Officer and Secretary at General Electric
- Division Financial Analyst at General Electric
- Corporate Audit Staff at General Electric
- Financial Managment Program Trainee at General Electric
- Education
-
- Case Western Reserve University
- Horace Greeley HS
- Connections
-
26
connections
- Industry
- Pharmaceuticals
- Websites
William Barron’s Summary
Will consider Public Company Board positions; especially those needing Audit Committee members. Experienced in a very wide variety of industries.
William Barron’s Experience
-
Director, Audit Committee Chair, COO
Frontline Communications, Inc. (AMEX)
(Internet industry)
1999 — 2001 (2 years )
Pearl River, NY
(1) Board Member (1999-2001)
Chairman: Audit Committee
(2) Vice President and Chief Operating Officer (2001)
Senior Executive responsible for all operations of this $6MM full-service, nationwide internet service provider. Served in this interim role for 5 months during completion of restructuring program.
SELECTED ACCOMPLISHMENTS
o Closed 6 branch offices and 10 POPs, eliminated 75 marginal product lines, reduced headcount from 155 employees to 35, closed 4 affiliates simplifying corporate structure, exited unprofitable web-portal businesses.
o Reduced annual losses (burn rate) from approximately $6MM to cash-flow breakeven -
VP & CFO
Hudson Technologies, Inc (NASDAQ)
(Renewables & Environment industry)
1995 — 1997 (2 years )
Suffern, NY
Senior financial executive responsible for all controllership, treasury, and investor relations functions of this geographically diverse $20MM refrigerant reclamation company. Reported directly to the Chairman.
SELECTED ACCOMPLISHMENTS
o Implemented an alliance with major supplier (DuPont); including sale of 10% ownership
o Developed $1.3MM off-balance sheet line of credit for capital equipment expansion
o Consolidated affiliate financial operations resulting in manpower savings (3) and integrated financial systems
o Reorganized corporate structure, utilized NOLs ($1.8MM), and reduced goodwill expenses -
President, COO, CFO
Diagnostek, Inc. [NYSE]
(Pharmaceuticals industry)
1993 — 1995 (2 years )
Albuquerque, NM
Senior executive responsible for all operations of this NYSE pharmacy benefit management (PBM) company with annual revenues in excess of $700MM and net earnings of $20MM reporting directly to the Chairman. Directed sales, marketing, finance, pharmacy operations, customer & client service, MIS, acute care & clinical operations, business development and investor relations activities for a business operating in 39 states with 1,700 employees.
SELECTED ACCOMPLISHMENTS
o Led investment banking efforts, culminating in merger (~$500MM) with a major competitor (Value Heath)
o Developed 'RxChoice' product and related marketing and sales efforts. Resulted in increased covered lives under
management from 13MM (5/94) to 18MM (6/95) and 38% revenue / 50% EPS growth
o Initiated new market entries with DoD CHAMPUS ($100MM) and New Jersey ($25MM) contracts
o Integrated major 1993 acquisitions to position Company as major, full-service PBM supplier.
o Negotiated new $25MM Company line-of-credit with BOA to fund business growth
o Completed $6MM expansion and automation of mail dispensing facilities at Albuquerque -
Manager - Finance
General Electric
(Public Company; GE; Consumer Goods industry)
1989 — 1993 (4 years )
GE Installation and Service Engineering. Schenectady. NY
Senior financial executive for geographically-diverse $350MM electrical apparatus field engineering Division serving over 28,000 customers. Responsibilities included accounting, order service/billing, business analysis, government compliance, MIS, and purchasing.
SELECTED ACCOMPLISHMENTS
o Created targeted marketing programs and simplified rate structure, increasing sales $16MM
o Integrated billing with vendor payment routines; reducing MIS costs ($1.5MM)
o Established professional purchasing group, reducing material costs by $2.1 MM
o Implemented project tracking and incentive award programs, improving project margins 5%
o Doubled funds flow ($7MM) with aggressive working capital reduction programs
o Appointed interim General Manager (1989, 1992) and Sales Manager (1991 - 1992) -
Manager- Financial Planning & Analysis
General Electric
(Public Company; GE; Consumer Goods industry)
1986 — 1989 (3 years )
GE Aviation Services, Springdale. OH
Responsible for all financial functions for $750MM worldwide network of jet engine overhaul and component repair/fabrication shops, serving both commercial and military aviation industry. Extensive cost and government accounting, MIS, and forecasting roles.
SELECTED ACCOMPLISHMENTS
o Directed overhead reduction ($20MM) program despite rapid sales growth (33%)
o Reduced financial manpower 24% by consolidating administrative support functions
o Developed MIS strategy, implemented electronic vouchering and reduced costs $ I MM
o Created CAS-compliant Cost Estimating Manual , recovery pools, & proposal routines
o Established financial procedures for new U.S. subsidiary (ELANO) and joint venture in Turkey
o Implemented receivable reduction task force, reducing cash lockup $10MM -
Assistant Secretary & Treasurer
General Electric
(Public Company; GE; Consumer Goods industry)
1982 — 1986 (4 years )
GE Technical Services Company. New York. NY
GE International Operations Company, New York, NY
Principal financial officer for $ 1B network of domestic affiliates and 30 foreign branches sheltering GE Parent company's offshore activities. Responsible for corporate accounting, business analysis, MIS, taxation, employee tax equalization, and treasury operations. Extensive domestic and foreign taxation, exchange management, and MIS.
SELECTED ACCOMPLISHMENTS
o Eliminated corporate tax return backlog and resolved outstanding audit disputes
o Implemented worldwide wire transfer Systems and currency hedging processes
o Replaced timesharing systems with microcomputer-based multi-currency systems -
Chief Financial Officer and Secretary
General Electric
(Public Company; GE; Consumer Goods industry)
1980 — 1982 (2 years )
Australian General Electric. Sydney. NSW. Australia
Chief financial officer for network of 22 service and product distribution affiliates serving the Australasian market. Responsible for accounting, distribution and customs, taxation, treasury, business analysis, and communications.
SELECTED ACCOMPLISHMENTS
o Established integrated order/distribution system by modifying IBM34 MAPICS software
o Implemented GE Appliance sale to Rank, including related equity financing of $1 3MM
o Created treasury operation, expanded credit lines $3MM while lowering discount factors
o Introduced high-bay automated warehouse system, saving manpower and 20k square feet -
Division Financial Analyst
General Electric
(Public Company; GE; Consumer Goods industry)
1978 — 1980 (2 years )
GE Sade/Sadelmi Construction, Westport, CT
-
Corporate Audit Staff
General Electric
(Public Company; GE; Consumer Goods industry)
1974 — 1978 (4 years )
Senior Corporate Auditor
-
Financial Managment Program Trainee
General Electric
(Public Company; GE; Consumer Goods industry)
1971 — 1974 (3 years )
Corporate Accounting and Consolidation Services
Responsible for all SEC filings for GE & Canadian GE
including the Annual Report.
Responsible for Consolidation & Reporting of all
GE Financial Units to GE management
VP of Schenectady GE FMP program
Instructor for GE FMP program
William Barron’s Education
-
Case Western Reserve University
BA , Economics , 1967 — 1971
- Activities and Societies:
- Captain: CWRU Fencing Team 1968-1971,
Sports Editor: "The Observer" 1968-1971
-
Horace Greeley HS
1963 — 1967
Additional Information
William Barron’s Websites:
William Barron’s Interests:
Retired President/Director/CFO, Amateur Radio
William Barron’s Groups:
Sun City Center CERT - President,
Hillsborough County Deputy ARES/RACES radio officer,
Hillsborough County Citizens' Corp Council,
Financial Executives Institute (93-99),
Institute of Management Accountants (93-99),
Case Reserve Athletic Alumni – Life member,
United States Fencing Association – Life member,
Treasurer- Caloosa Golf & Country Club (2001-7),
President- Caloosa Country Club Estates POA (2001-3)
-
Over 50 Population - was **** -
General Electric Alumni -
ARRL HAM Radio Operators -
Community Emergency Response Team (C.E.R.T.) - US Membership -
Genealogical & Historical Research -
Case Western Reserve University Alumni -
United States Fencing Association -
GE Corporate Audit Staff Alumni -
The Official Horace Greeley High School Alumni Group
William Barron’s Honors:
Hillsborough Fire: 2003 CERT Volunteer of Year
ARRL: Official Emergency & Relay Station
ARRL: Mgr- West Central FL "Eagle" NTS traffic net
Served at Katrina & Wilma
William Barron’s Contact Settings
Interested In:
- consulting offers
- new ventures
- expertise requests
- business deals
- reference requests
- getting back in touch
