James B Boyd
CFO & Sr. VP
Link-A-Media Devices
2010 - 2012
Private - VC Backed
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Involved in all aspects of successful $260 million sale of company and the raising of a $13.2M Series D round with new and existing investors. Worked closely with CEO and VCs to put deals together and close on attractive terms.
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Implemented Oracle 11i ERP system to ramp business including: GL, HR and manufacturing modules and incorporating 404 internal controls. Implemented project management software to manage R&D function’s effectiveness.
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Set up international structure to minimize world-wide effective tax rate, including setting up of Hong Kong and Cayman subs to run all manufacturing and sales transactions through, as well as appropriate R&D and G&A expenses of US entity.
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Developed bottoms-up planning process and detailed Annual Operating Plan with bi-monthly revisions to Board due to rapidly changing business environment. Hands-on management of cash and expenses.
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Primary focus was critical business processes necessary to achieve success including: direct responsibility for manufacturing and inventory, implemented sales processes to ensure customer orders were met while minimizing inventory carrying costs, set ASPs for all products, heavy involvement in both customer and supplier negotiations and relationships.
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Improved timeliness and accuracy of all financial information, developed policies, procedures and controls to ensure effectiveness of R&D, sales, manufacturing, HR, and accounting functions.