Tommy Page
CFO, Board of Directors Risk Management P & L Responsibility @Carolina Beverage Corporation
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WORK HISTORY
CFO, Board of Directors Risk Management P & L Responsibility @Carolina Beverage Corporation
Salisbury, NC, US
A group of four family-owned entities in the soft drink industry. Responsible for overall financial activities and risk management, reporting, IT and human resources oversight, including full P&L responsibility and serving as a member of the Board of Directors.• Led the transition to a group Captive for three (3) lines of casualty insurance, resulting in significant savings in cost and cash flow.• Redesigned the financial system, which was in disarray, and implemented changes in internal and external reporting, system infrastructure, staffing, and internal controls • Given responsibility for large human resources function in recognition of leadership example• Negotiated in savings with the IRS and state departments of revenue, while bringing the companies into compliance with payroll reporting requirements• Turned around a non-performing division that had continuously lost money• Advised CEO in two acquisitions and successfully integrated acquired companies• Recovered significant cost and cash flow by implementing a high deductible worker’s compensation program after researching alternatives to traditional expensive programs• Managed the self-funded medical plan, including benefit design, reinsurance attachment points, selecting TPA’s, and researching the impact and potential savings of ACA• Reduced the financial group by 33% in a period of 50% revenue growth
EDUCATION
Outward Bound
Cycle Touring, Ski Mountaineering
Bell Leadership Institute
Leadership Mastery Series, Organizational Leadership & Communication
Presbyterian College
BS, Business / accounting
NOLS
Baja Sailing, Backcountry Skiing
SKILLS
ABOUT TOMMY PAGE
Senior financial executive with 30+ years’ experience at the CFO and operating P&L levels. Big Four public accounting background. Responsibilities have spanned private company, family-owned, start-up, and non-profit environments. Innovative thinking within the traditional CFO / CPA shell. Exceptional knowledge in advanced risk management topics (self-funded medical plan and group Captive). Builds effective relationships and support to executive teams. Adept at developing innovative strategies to reduce costs. Expertise includes strategic planning, mergers & acquisitions, risk management, human resources, IT, financial analysis, treasury, audit, SEC, GAAP, and regulatory compliance. Board leadership at both private company and numerous not-for-profit organizations. Governance Fellow status with the National Association of Corporate Directors (NACD). CPA. Audit Chair Qualified.CHIEF FINANCIAL OFFICERCFO for Carolina Beverage Corporation• Led Risk Management program • Redesigned entire financial system. • Given responsibility for HR as a result of leadership role. • Recovered major cost and cash flow through Worker’s Comp overhaul.• Reduced financial group by 33% in a period of 50% revenue growth.CEO | COO• “With his leadership skills, Tommy is a force multiplier for the organization.” Carl Williams, former CEO of Spherion Assessment Services.• Presently have P&L responsibility for a large middle market business.• Turned around non-performing division that had continually lost money.OUTSIDE / INDEPENDENT DIRECTOR• Active Member of the National Association of Corporate Directors (NACD). Governance Fellow• Audit Chair Qualified. CPA• Director, Carolina Beverage Corporation• Director, Quality Beverage Brands, LLC • Director, Archway Insurance Ltd,(Cayman Islands)• Not-for-profit Board Leadership and volunteer involvement includes Treasurer and Benevolent Foundation Trustee at St. John’s Lutheran Church, United Way of Rowan County, Director Country Club of Salisbury.BEVERAGE | CONSUMER PRODUCTSP & L responsibility for Carolina Beverage Corporation (maker of Cheerwine). Affiliates distribute CSD’s, including Snapple products. Board member at Quality Beverage Brands, LLC.
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