Fred Shepard

Background

About Fred Shepard

CFO, Chief Financial Officer, VP-Finance, ControllerA proven financial leader offers expertise in driving significant and sustainable top-line contributions via organic growth and M&A activity. Leverages detailed understanding of accounting and financial systems to streamline fiscal operations, improve reporting, and optimize ROI. Handles investor and banking relationships, builds and develops teams from the ground up, and introduces strong financial controls and process improvements that lift profitability.Selected Career HighlightsTurned around poor financial performance and restored profitability for ePartners by reducing SG & A cost from $14M per year to $4M per year; streamlined back office functions, improved technologies, and cut bad debt. Integrated 18 of the 30 M&A Targets of ePartners allowing for consolidated reporting, consistent sales and consulting comp plans, and reduced administrative staffs.Introduced a close process at ePartners that allowed preliminary financial statements to be distributed within 6 business days of the end of the month and final packages to the board by the 15th calendar day of the month.Participated in multiple rounds of funding for ePartners, securing $35M in in 2005, and $10M in 2008; financing sources included venture capital, subordinated debt, and new bank revolvers and term debt.Directed a $100M inventory for CellStar Corp and improvement management by reviewing and reducing excess and slow moving inventory by 25%.