Jerry Griffin: Summary
Senior Management
Experience
Management Consulting Experience
Investment Banking Experience
Education
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Jerry Griffin: Senior Management Experience
1994 - 1997
DEEP DISCOUNT NETWORK, Granville, OH
(Privately owned company engaged in providing electronic commerce solutions for industry)
Chief Executive Officer and largest shareholder. Conceived, developed,
financed and managed this innovative on-line business. Designed initial
product/service; directed software development; recruited and managed
marketing, technical, and financial/administrative staff. Selected
achievements:
- Personally raised startup capital from individual and institutional investors.
- Successfully managed start-up business throughout three-year history.
- Personally created the TransActive Marketplace™ - a new model for doing business on-line. Initial marketplace application led to customers listing over $1.5 billion in merchandise for sale in first year.
1986 - 1991
SAMEX TRADING COMPANY, INC., Columbus, OH
(Privately owned company engaged in domestic and international liquidations, buyouts, barter and distressed real estate; subsidiaries previously included Omni Exploration, Inc.)
Executive Vice President and CFO. Conceived and executed financial strategies that helped drive this aggressive acquisition/liquidation business. Deals ranged up to $15 million. Selected achievements:
- Arranged $20 million medium-term institutional financing line - a "first" in the entrepreneurial liquidation business.
- Financed more than a score of liquidation transactions.
- Arranged institutional financing for distressed real estate purchases, including the first bulk purchase of troubled real estate properties from the FDIC.
- Created innovative debt financing arrangement with an insurance company to eliminate personal guarantees and restrictive covenants while providing the lender with equity-type returns on investment.
- Played key role in defense of complex bankruptcy litigation by banks and others in $15 million liquidation purchase; negotiated favorable settlement with bank to complete the transaction.
- President of OMNI EXPLORATION, INC., Columbus, OH, a publicly owned company controlled jointly by SAMEX TRADING COMPANY and Leslie H. Wexner, that engaged in the acquisition and production of low cost, long-lived oil and gas reserves. Cleaned up troubled management situation: replaced top financial officers, completed long-stalled property purchase and joint venture negotiations, resolved threatened litigation, regularized commercial banking relations and developed and articulated long term business strategy. Eventually negotiated complex partnership split-up by which selected assets were spun off to SAMEX and control of Omni Exploration was acquired by Wexner.
1973 - 1983
ANGLO ENERGY LIMITED, New York, NY
(Publicly owned oil/oilfield service company with revenues of $350 million)
Senior Vice President, Chief Financial Officer, Director.
Directed transition from $2 million, family-controlled, passive holding company to highly profitable $350 million diversified and decentralized energy company with 2,500 employees. Selected achievements:
- In a four year period, accomplished 12 major financings totaling $290 million and three divestitures that generated $20 million in cash.
- Structured and led financial organization of a dozen key persons as primary links between corporate headquarters and widely dispersed and diversified operations. Built and managed 30 person corporate staff, $1.5 million budget.
- Created company's first rigorous management information and control system, installed or improved newly-acquired subsidiaries' accounting systems, and created computerized data processing capability to serve changing needs of increasingly complex organization.
- Developed external communications program. Conceived, wrote and directed production of nine annual reports to stockholders. Prepared and often personally presented business and financial performance reviews to internal management, suppliers, customers, financial analysts, funding sources and investor groups.
- Negotiated 13 acquisitions over nine years involving cash and securities totaling over $100 million.
- Raised $73 million in five innovative off-balance sheet/non-recourse transactions involving tax sheltered limited partnerships, leveraged leases and Eurodollar syndicated loans.
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