Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Afri
Chief Financial OfficerMike Berthelot, a Certified Public Accountant, serves as Mtell CFO, while also CEO of Cito Capital Corporation, a strategic and financial advisory firm.Mike joined Mtell in 2006 after retiring as CEO of TransTechnology Corporation; manufacturer of industrial and aerospace equipment.
In 12 years at TransTechnology, he presided over ten acquisitions and revenue growth from $54 to $328 million, and a successful strategic restructuring and divestment program.
World-over, Mike has served on more than 30 corporate boards.He currently serves on the board of Fresh Del Monte Produce Inc. and is chair of the governance committee of Pro-Dex Inc.Mike teaches corporate governance at the University of California San Diego's Rady School of Management and writes and speaks on corporate governance, management, and strategy on a national basis.In May 2010 Mike was elected Chairman of San Diego's Corporate Directors Forum, one of the largest director education organizations in the country.
Accomplished Rancho Santa Fe resident Michael J. Berthelot teaches aspiring/new directors how to navigate the boardroom
Kristina Houck Contact Reporter
Michael J. Berthelot
Michael J. Berthelot
Michael J. Berthelot
Michael J. BerthelotHaving served as a member of more than 30 public and private boards across the United States and around the world, Rancho Santa Fe's Michael J. Berthelot knows more than just a thing or two about board service.
"I've had a blast," Berthelot said.
"I've learned a lot, and I've met a lot of really, really nice and motivating people."
With decades of board experience under his belt, Berthelot, 65, now spends much of his time teaching new and aspiring directors how to navigate the boardroom.
Berthelot currently teaches the Governance Academy, which is facilitated by San Diego-based Corporate Directors Forum.
Founded in 1991, the nonprofit organization promotes high standards of professionalism and ethics in corporate governance by offering educational programs to help directors, officers and business leaders build more effective boards.
"The mission is that better directors make better boards," Berthelot said.
"The key to being a better director is education and networking.
Education will give you the formal knowledge you need, but networking will give you the real answers to how it gets done in the real world.
You learn from your peers, so we're big believers in peer-to-peer networking."
Originally from Ohio, Berthelot earned a bachelor's degree in accounting at the University of Akron and a master's degree in accounting and finance at Cleveland State University.In the early 1990s, Berthelot moved to New Jersey to serve as board chairman and chief executive officer of TransTechnology Corporation, a designer and manufacturer of lifting devices for military and civilian aircraft, including rescue hoists, cargo hooks and weapons-lifting systems.He retired in 2003 and relocated to Rancho Santa Fe, although he remained chairman of the board for another three years.Berthelot joined Corporate Directors Forum shortly before he moved to San Diego."Once I retired, I knew I wanted to be involved in corporate governance," said Berthelot, who was a founding member of the New Jersey chapter of the National Association of Corporate Directors."I've been involved ever since," added Berthelot, who later served as a board member and chief executive officer of Irvine-based Pro-Dex, Inc., another publicly traded company.
"This is a way for me to share what I've learned."
Berthelot has served as board chair and chair of Corporate Directors Forum's program committee.He currently serves as chair of the education committee, which is responsible for the Governance Academy's curriculum.The Governance Academy offers a variety of programs, including a half-day program, a two-day program, and custom, in-house programs for companies.
To further educate people in corporate governance, Corporate Directors Forum offers monthly panel discussions and an annual conference.
"We want to be able to cover the whole spectrum of organizations in San Diego and other areas for corporate governance," said Berthelot, who also serves on the board of directors of Fresh Del Monte Produce, a Florida-based consumer products company.In addition to working with Corporate Directors Forum, Berthelot currently serves as a chief executive officer of Mission Manager and chief financial officer of Mtell - two San Diego software companies where he also sits on the board of directors.Berthelot is also the founder of two consulting companies.He works with private companies through Cito Capital Corporation, which was founded in 2004, and he works with public companies through Corporate Governance Advisors, which was founded in 2005.
Lastly, Berthelot, a father of six and grandfather of five, also serves as a lecturer at UC San Diego's Rady School of Management, where he teaches a class called, "The CEO, The Board of Directors, and Corporate Governance."
"It's fun," Berthelot said.
Michael J. Berthelot has been the President and Chief Executive Officer of Mission Manager, Inc. and its parent company, Vigilys, Inc. since March 1, 2014.Mike has previously served as CEO of two publicly traded companies (Pro-Dex Inc. (NASDAQ:PDEX) and TransTechnology Corporation (then NYSE:TT).Mike has been a member of more than 30 public and private boards of directors in the U.S., Canada, England, Brazil, Spain and Germany.He currently serves as a director of Fresh Del Monte Produce Company (NYSE:FDP), a Coral Gables FL based Fortune 1000 consumer products company, where he serves on the audit and chairs the compensation committee.Mr. Berthelot also serves on the board of a privately held San Diego based software company as well as the Corporate Directors Forum, one of the nation's leading director centric education organizations.Mr. Berthelot is the Principal and Founder of Corporate Governance Advisors Inc., which provides board and director evaluation and consulting services and is the CEO of Cito Capital Corporation, which counsels privately held companies on strategic and operational issues.Mr. Berthelot is also an adjunct professor at the Rady School of Management at the University of California San Diego where he teaches a graduate level course on the CEO, the board of directors, and corporate governance.Mr. Berthelot holds a Bachelor's of Science in Accounting, cum laude, from the University of Akron, a Masters of Business Administration from Cleveland State University, and is a certified public accountant (Ohio).He served four years in the U.S. Coast Guard, including a tour in Southeast Asia during the Vietnam War, and was an agent with the Internal Revenue Service for three years following a one-year college internship.
Chief Executive OfficerMichael J. Berthelot founded Cito Capital Corporation in February 2003 following his retirement as Chief Executive Officer of TransTechnology Corporation, a New York Stock Exchange listed multinational manufacturer of industrial and aerospace equipment and components.Mr. Berthelot currently serves as a member of the board of directors and audit committee and chair of the compensation committee of Fresh Del Monte Produce Inc. (NYSE:FDP), a Fortune 1000 Miami based consumer products company and as a member of the board of directors and the audit and compensation committees and chair of the governance committee of Pro-Dex Inc. (NASDAQ:PDEX) an Irvine, CA medical device manufacturer.Mr. Berthelot also serves on the boards of several private and not-for-profit organizations in San Diego County and is an adjunct professor at the University of California San Diego Rady School of Management.
During Mr. Berthelot's twelve-year tenure as CEO of TransTechnology, the company completed ten acquisitions including fifteen different operations.
As a result, revenues grew from $54 million in fiscal 1991 to a peak of $328 million in fiscal 2001.
In association with these acquisitions, Mr. Berthelot led a one million share secondary issue of common stock and multiple rounds of senior and subordinated debt financing, including a syndicated $325 million senior and subordinated credit facility in 2000.
From 2001 through 2003, Mr. Berthelot led the company's successful restructuring process, divesting fourteen operations in a difficult environment.
The company's corporate governance practices achieved a ranking in the 98.3 percentile from Insitutional Shareholder Services in 2003.
Mr. Berthelot considers the management team he developed and built at TransTechnology as his most valuable contribution to the company.
Mr. Berthelot, 60, holds a Bachelor's of Science in Accounting, cum laude, from the University of Akron, a Masters of Business Administration from Cleveland State University, and is a certified public accountant (Ohio).He has served as a member of more than 30 boards in the U.S., Canada, England, Brazil, Spain and Germany.His past affiliations include owning his own certified public accounting firms in Ohio and Florida; partnership in Barnes Wendling Cook & O'Conner, Inc., Certified Public Accountants and Management Consultants in Cleveland, Ohio; principal shareholder and director of EWI, Inc., a privately held automotive supplier; and a major shareholder and director of Golf Card International, Inc., (OTC:GCIC), a golf membership services and publishing organization.
Additionally, he served four years in the U.S. Coast Guard, including a tour in Southeast Asia during the Vietnam War, and was an agent with the Internal Revenue Service for three years following a one-year college internship.Mr. Berthelot is a member of Beta Alpha Psi, the national accounting honors fraternity, and Beta Gamma Sigma, the national business honors fraternity.Mr. Berthelot's professional affiliations include the Ohio Society and American Institute of Certified Public Accountants, the National Association of Corporate Directors' Directors' Institute, and the Corporate Directors Forum of San Diego, where he serves as Chairman of the Board.Mr. Berthelot also serves as a mentor and was formerly a board member of Chairmens' Roundtable, a San Diego organization that provides free mentoring for small businesses and is a mentor in the University of California San Diego's Rady School of Management's MBA program.Mr. Berthelot has previously served as a member of the faculty of the University of Phoenix Online, where he taught Organization Behavior.Mr. Berthelot earlier served as a member and president of the Board of Trustees of the Hudson Montessori School in Hudson, Ohio.Mr. Berthelot writes and speaks on corporate strategic and governance issues on a national basis.
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