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2015-11-17T00:00:00.000Z

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Wrong Duane Wolter?

Mr. Duane Wolter Roland

Partner

Sunera LLC

Direct Phone: (954) ***-****       

Email: d***@***.com

Sunera LLC

1208 E. Kennedy Blvd. Suite 225

Tampa, Florida 33602

United States

Company Description

Sunera is the leading provider of risk and controls consulting services throughout the United Kingdom, United States, and Canada. Founded by "Big-4" public accounting partners and professionals, Sunera is dedicated to helping organisations achieve and sus ... more

Find other employees at this company (267)

Background Information

Employment History

Director of the Finance and Accounting Consulting Services
Advanced Financial Solutions

Affiliations

Director and Treasuer
Financial Executives International

Diplomate
American College of Forensic Examiners

Member
marquette University President's Council

Audit Committee Chair
Broward County School District

Member
Wisconsin Society of CPA's

Member
American Society of CPA's

Education

BS Business Administration
Accounting
Marquette University

Certifications

Certified Public Accountant
State of Wisconsin

Biography

Mr. Wolter is a managing director with Sunera LLC. Prior to joining Sunera, he was a Principal with Advanced Financial Solutions. Duane has over 35 years experience working as a CAO, CFO, COO and CEO of some of the nation?s leading companies along with private equity portfolio companies. He has been a leader in providing financial consulting serves to large and mid-cap company services including corporate restructurings, equity financings, ERP implementations, interim CFO services, turnarounds and divestiture projects. Recent Relevant Experience ? Chief Restructuring Officer (CRO) for a $250 million retailer from recovery of additional assets through liquidation and distributions to creditors. ? Financial Advisor for a $150 million revenue apparel retail acquisition by a $4 billion manufacturer/wholesaler to double its retail base. Provide the prerequisite experience with retail acquisitions, purchase price negotiations, acquisition integration and technical accounting. Eliminated the need for an expensive 90 day transitional services process and agreement (TSA). ? Stand in CFO for a $120 million specialty retailer including overall supervision of accounting, finance and inventory control. Completed the fair valuation of the acquired assets and liabilities and established the opening balance sheet under FAS141R. ? Implemented FAS141R for a spin off a professional medical services company for the hospital industry, including the preparation of the opening balance sheet and all related valuations. ? Stand-in CFO for a $170 million specialty paper processor formed by a carve-out of two plants from an integrated paper processor. Established corporate reporting, corporate accounting, prepared the first annual budget and completed the annual audit. Established the opening balance sheet under FAS141 and reporting for the company?s revolving line of credit. Corrected the monthly accounting package issued to the ownership parent and achieved timely preparation of all reporting on schedule. ? Stand-in CFO for a $220 million specialty retailer including overall supervision of accounting, finance, inventory control and IT. Completed the annual audit and issuance of the annual report on time despite the process being over 6 weeks behind schedule. Established the opening balance sheet under FAS141, updated straight line rent accounting and completed other accounting cleanup work. Corrected the monthly accounting package issued to the ownership parent and achieved timely preparation of all reporting on schedule. Designed and implemented a manual open to buy accounting system for 68 locations to establish control over the order processing and approval process. * Stand-in CFO for a $500 million revenue home builder including overall supervision of accounting and finance functions; oversaw large-scale cleanup project of supporting general ledger amounts; successfully avoided bankruptcy proceedings by ensuring financial results were accurate, properly supported and available to numerous consultants including those from private equity firms, financial institutions, institutional investors, minority owners, previous owners, parent company as well as the independent auditors; supported their annual and interim audits. ? Research, analyze and document various technical matters related to issues at portfolio companies of large private equity firm including purchase accounting, sale-leasebacks, royalty payment treatments, impairment analysis and discontinued operations. ? Regional retailer with major deficiency in inventory accounting resulting in qualified opinion from its auditors. After 15 months and 5 previous inventory controllers failed to correct the deficiency, assumed responsibility for developing and implementing the strategy for corrective action. In 3 months resolved the internal controls deficiency, installed new procedures, designed updated systems and recruited full time replacement.

Web References (13 Total References)


Business and Accounting Consulting Leadership Team - AFS | Advanced Financial Solutions - South Florida Co-Sourcing / Outsourcing

www.advancedfs.com [cached]

Duane Wolter

...
Duane Wolter, Principal
Duane Wolter joined AFS in 2006 and serves as a Principal with particular focus on our Finance and Accounting service lines. Prior to joining AFS, Mr. Wolter served in a number of executive positions in private industry including CFO and Vice President of Finance of leading retailers in the United States, including The May Company and The Home Depot.
During his career, Mr. Wolter gained extensive experience with mergers and acquisitions and has led dozens of transactions. Since joining AFS, he has been involved with large and mid-cap company services including corporate restructurings, equity refinancings, interim CFO services and divestiture projects. Mr. Wolter began his career with Arthur Andersen & Co.
He has a Bachelor of Business Administration from Marquette University in Marquette, Wisconsin. Mr. Wolter is a Certified Public Accountant in the State of Wisconsin.


Advanced Financial Solutions

www.advancedfs.com [cached]

Duane Wolter Advanced Financial Solutions

...
DUANE WOLTER Principal
Mr. Wolter joined AFS in 2006 as Director of the Finance and Accounting Consulting Services. Prior to joining AFS, Mr. Wolter served in a number of executive positions in private industry including CFO and Vice President of Finance of leading retailers in the United States, including The May Company and The Home Depot. During his career, Mr. Wolter gained extensive experience with mergers and acquisitions and has led over 20 transactions. Since joining AFS, he has been involved with large public company transactions including corporate restructurings, equity refinancings and divestiture projects. Mr. Wolter's successful leadership in finance and accounting and merger and acquisition services promoted him to a Principal of AFS in 2008. Mr. Wolter began his career with Arthur Andersen & Co. He has a Bachelor of Business Administration from Marquette University in Marquette, Wisconsin. Mr. Wolter is a Certified Public Accountant in the State of Wisconsin.


David Richmond | Duane ...

www.expandingimagination.com [cached]

David Richmond | Duane Wolter | Arthur Guile | Jamal Pilger | Ron Burdine | Henry Schlueter

...
Duane WolterChief Financial Officer
Mr. Duane Wolter, CPA is the newest and among the most senior members of EI's senior management team and Board of Directors, having worked with the Company on several very complex projects, over a number of years.Both EI and our clients are extremely fortunate to have his extraordinary financial management experience in launching highly successful business operations, skill at financial negotiations and fund raising, extreme business savvy and acumen available to them.During his career, he has completed eight acquisitions, two divestitures, one IPO and over $3.0 Billion in public and private financings.He is also a NASD trained Arbitrator.
As CFO for EI he has full charge P/L responsibility and authority, as well as managing corporate finance, turnarounds and revitalizations, financial systems, contract, Broker/Dealer, Syndication and underwriting negotiations, financial risk management, cash management, acquisition analysis, due diligence, tax strategy, strategic and tactical planning for the Company.
Mr. Wolter brings an incredible wealth of experience, wisdom and immense financing success to EI.Among his considerable accomplishments, include having founded and run his own very successful financial consulting practice, specializing in Profit Recovery Auditing, Forensic Accounting, Crisis Management and Corporate Finance, for more than a decade.He served as Senior VP, Finance and CFO for L. Luria & Sons, a $200 million Catalog Show Room retailer, where he reduced expenses by over $7 million per year and inventories by over $12 million while introducing a highly successful private label credit card program.As Senior VP, Finance of Hecht's, a Division of May Department Stores, a $1.3 Billion Sales Department Store Retailer - in just two months, he successfully merged the back office operations of a 20-store department store division with $180 million in sales, consolidating the private label credit card systems and issued new cards to over 1.2 million customers.
For Ames Department Stores, as Executive VP, CFO and Murphy Division CEO, a $5 Billion Sales Discount Retailer - he improved earnings by 75% in the first two years, and completed $500 million of public and private financings.Additionally, he accomplished the consolidation of a 200-store discounter, with $3 Billion in sales; eliminated $40 million of redundant administrative expense, and restructured their $2.1 Billion balance sheet, ultimately selling their Murphy Division 70-store retail with $165 million in sales.
For McCroy Stores, a $1.4 Billion Sales Variety Store Retailer, as Senior VP, CFO and Wholesale Division President, he completed the merger of a 400-store discount retailer acquisition, with $900 million in sales while increasing sales and earnings by 25%, at their Wholesale division, which had $50 million in sales.
Under his tutelage, as VP of Finance for Home Depot, he completed the acquisition and merger of a $90 million in sales, 15-store warehouse retailer, along with negotiating and placing a $200 million working capital revolver.Further, he built the infrastructure to support the 500% increase in sales from $200 million to $1 Billion and beyond.This infrastructure is still in place today, supporting $80 Billion in sales.
For H. J. Wilson, Company, as Vice President, Corporate Controller, the $600 Sales Catalog Showroom Retailer, he completed the acquisition and merger of a 30-store retailer with $150 million in sales, converted from NCR to IBM computer mainframe and built the infrastructure to support a 300% increase in sales from $200 to $600 million.
As Assistant Controller for May Department stores the giant $10 billion in sales Department Store Retailer he was responsible for corporate planning and SEC, stockholder and financial reporting, along with the acquisition and merger of a 25-store for $180 million in sales retailer and the divestiture of a 100 store, $100 million sales division.
Mr. Wolter began his career as an Audit Manager for Arthur Anderson & Co., the International Certified Public Accounting Firm - where he was an expert in financial auditing, SEC practice and consulting for manufacturing, educational, financial services and health care clients.
During his career, Mr. Wolter has acquired Turn'style, Leeds, Bowater, TG & Y, Thalheimers, Zayre and HomePlace, on behalf of his employers for a total of $5 billion in sales at a cost of only $1.46 billion, which is an average 29.2% acquisition cost.He has negotiated and raised $1.9 billion dollars for May Department Stores, H.J.
...
Mr. Wolter is a Certified Forensic Accountant, an expert in the examination of accounting, financial and related records in comparison to expected procedures or results and observed behavior and methods to achieve the stated goals; answering the questions as to value, fraud, or explanation.Usually answering these questions are well beyond the experience or skills of an ordinary CPA or management accountant.He is a Member of the American Institute of Certified Public Accounts, a Diplomat and Member of the American College of Forensic Examiners, Marquette University - President's Council, Financial Executives International, Audit Committee of the School Board of Broward County Florida, Who's Who In America and Who's Who In Finance and Industry.Mr. Wolter enjoys living in the Fort Lauderdale, FL area with his wife, son and daughter and is an avid and accomplished golfer.


Advanced Financial Solutions

www.advancedfs.com [cached]

Duane Wolter


Sunera | Miami | Internal Audit, IT Audit, SOX, PCI & Information Security Consulting

www.sunera.ca [cached]

Duane Wolter M. Director

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