Recently quoted:
“In order for a transaction to be successful, Treasury must ensure it has a place at the table early in the deal planning process to highlight and action the myriad of complex issues inherent in any carve-out, spin-off or merger,” says John Sanders, Interim Treasurer of Axalta, which recently was successfully divested by DuPont in a sale to The Carlyle Group. See full pdf.
John Sanders is an MBA with more than 20 years of financial management experience, including 10 years as a consultant in the turnaround industry and four years as CFO of Tenex Corporation, a $150 million privately held manufacturing company. John is a hands-on finance professional capable and comfortable in communicating with a wide range of audiences.
John specializes in troubled situations and is a Certified Turnaround Professional (CTP). John's capabilities include:
- Practical solutions to financial and operations issues
- Processing the many details that a company in transition faces
- Communicating the big picture to a broad audience
CFO experience includes accounting, finance, information systems (excellent systems capability understanding), human resources (knowledge of WARN act, 401k trustee and benefits negotiation) and administration.
Additional experince highlights include:
- 9 Interim CFO assignments for companies from $150 million to $2.2 billion in annual revenue.
- M&A transactions involving the sales of companies or product lines (carving out separate financial statements for each transaction)
- Formation of foreign corporate subsidiaries in Europe
- Litigation: Support, expert witness and testimony in federal court
- Creating and unwinding off-balance sheet receivables financing and off-balance sheet equipment lease transactions.
Additional experience includes loan workouts with lending groups. One senior debt loan went south with a $13 million over-advance on a $28 million balance. Required providing weekly cash forecast and borrowing base certificate to lending group.
John co-authored an article on the implementation of the Euro for Treasury Management magazine. He has hands-on foreign exchange and interest rate derivative management experience.