Description
SUMMARY Multi-cultural, creative, forward thinking, hands-on and result oriented leader with operation, finance and sales/marketing at multiple industries. Strong background in strategic, business planning and business development, initiation of culture change, processes improvement, system implementation and improvement, capital and operating budget management, and quality performance standards. Fluent in three Chinese dialects. ACCOMPLISHMENTS General Management * President and COO of pet treat manufacturing business. Turned companies from losses to profitability with quadrupled revenues in five years. * Board member of companies serving various industries * CFO and COO of semiconductor business. Turned company from verge of bankruptcy to EBITDA positive. Engineered and executed exit strategies. * Regional Managing Director of directories business. Turned companies from losses to profitability with expansion of new products, market and sales channel and tight cost control. Overseer and managed over 200 employees. Controllership/Finance * Improved internal control and Sarbanes-Oxley compliances by raising internal awareness through training, monitoring, enforcement and policies and procedures. * Managed and conducted accounting and finance operations including conversion of financial systems, initiated, designed and implemented monthly reporting package and provided in depth operational analysis. * Implemented cost structure reengineering, transformed regional net loss position to $20 million net income in two years. * Resolved inventory issues by implementing new system and control processes. * Raised required funding for expansion through debt and equity. Strategic & Financial Planning & Analysis * Formulated strategies and directions of companies based on internal and external elements * Developed product strategies and models, adopted by Latin America affiliates resulting in 5% market share gain. * Negotiated revenue sharing contracts, JV agreement, sales and suppliers' agreements. * Analyzed strategic and capital budget spending including ERP, real estate properties, manufacturing equipment, printing presses and binders, and telecom equipment. Mergers and Acquisitions * Analyzed and completed business plan and valuation of $30M printing plant. * Evaluated business model and strategies resulting significant savings in acquiring $1billion wireless license in Italy. * Spearheaded cross functional team in completing business plan, and won $300 million Latin America wireless license, valued over $1 billion revenues in five years. * Researched and developed marketing strategies and business case for North Africa license. Negotiated with local government, banks and consultants. Negotiated suppliers' agreement and financing plan. business plan, negotiation strategies and final bid documentation were recognized by department as "Best Practices". * Developed and presented business plans, valuations and dilution impact of Latin America wireline JVs. Led due diligence teams and interfaced with local executive management. * Prepared and reviewed valuations for several Asian telecom ventures. pg. 1 JAMES Y. CHENG (214) 287-6827 james.cheng6@att.net Page Two
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