Current Company: Getzler Henrich & Associates
Current Position: Managing Director
Stephan M. Pinsly, managing director, is a veteran CFO/COO of public and privately owned middle market corporations, providing strategic turnaround leadership for thirty years. Through numerous interim management roles he has accumulated a wealth of experience in solving intricate difficult debt re-financings and complex business viability issues as well as the installation of cash flow management techniques and processes, systems and controls as well as reporting applications in retail and other industries.
Stephan has proven to be able to provide creative solutions, often working in high-pressured situations that require intense negotiations with varied constituents. He is considered an expert in the field of cost accounting and is well recognized in the middle market asset based lending industry. His general industry experience spans across many retail, distribution, manufacturing and services companies. Stephan also possesses significant experience in the design, development and installation of computer systems.
Stephan began his career at Price Waterhouse & Co. after receiving a B.A. in Accounting from Queens College, CUNY. As an entrepreneur in a private investment firm, he participated in transactions related to the acquisition and disposition of distressed companies. Prior to joining Getzler Henrich in 2005, he served four years as a Director and Senior Vice President of a regional middle market turnaround management consulting firm. Stephan is a Certified Turnaround Professional and a Certified Public Accountant. He is a member in the Turnaround Management Association as well as the AICPA and the NYSSCPA.
Interim CFO Experience:
- A market leading manufacturer of fasteners for the denim jeans, apparel and medical markets. He identified and corrected inaccurate costing, poor internal controls and instituted line item budgeting introducing credibility to the accounting function
- A $350 million telecom service provider. He guided the company through Chapter 11. At the request of the Board he performed a forensic examination quantifying the cash usage of international acquisitions made by the previous management
- A market leader in the manufacturing of truck and commercial scales. He refinanced the company by attracting a number of asset based lenders even though the company was in default of its existing lender. He introduced significant cost cutting techniques and procedures that were enacted to turn this 60 year old service and manufacturer to profitability
- Maker and importer of high quality fishing reels. He identified the opportunities to reduce costs and was instrumental in negotiating the transaction and managing the day to day financial activities before and after a sale of the stock of the company while under the stress of threatened foreclosure by its lending bank
- Cost Accounting:
- Author of Article in The Journal of Corporate Renewal -August/2007-” Bad Cost Accounting Plagues many Distressed Companies”
- Author of Article in ABF Journal -December/2011-”Correcting Cost Accounting in Service Organizations”
- Public electronics distributor in the US and South America: Led a team introducing Activity Based Costing into daily pricing and identifying variable contribution by customer and vendor
- Identified a major fraud committed by the previous CFO of a leading manufacturer of firearms by analyzing costing activities. Helped install a computerized inventory and cost system to maintain internal controls
- Mentee opportunity:
- I can offer 40 years of experience to anyone interested in a career as an entrepreneur looking to acquire and run a middle market company. I can also provide expertise to someone who owns or runs a company that is financially troubled and is looking for an understanding of what is important in their development as an executive.