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JOHN (JACK) A.

MARHOFER JR CMA, CTP


Williamsville, NY 14221 330-990-2067 johnmarhofer78@yahoo.com

FINANCE AND ACCOUNTING LEADER


Startups Joint Ventures International Business IPOs Highly accomplished and experienced Senior Finance and Accounting Executive with a record of achievement developing viable strategic plans and enhancing the financial and operational performance of organizations in biotechnology, retail, transportation and financial services. Adept in preparing companies for successful IPOs and subsequent equity issuances. Proficient in SOX compliance as well as SEC regulations. A proven Chief Financial Officer, Corporate Controller and General Manager with more than two decades of creating and improving core finance and accounting functions including financial reporting, budgeting, expense control, internal controls, audits, financial statements, accounts payable, accounts receivable and general ledger. Proficient in cost/benefit analysis, financial analysis, financial reporting and financial statement development. Skilled in equity financing and administration, foreign currency hedging, liquidity management, private equity valuation and intellectual property licensing and valuation. A respected team leader, manager and mentor well versed in the management and improvement of all facets of the company including HR, IT, investor relations, infrastructure, facilities management, compliance and governance. A leader who strives to empower employees towards continuous improvement in an ethical and customer-driven manner. CORE COMPETENCIES Consolidated Financial Reporting Equity Financing and Administration SOX Compliance SEC Reporting Risk Management Corporate Governance Budgeting/Forecasting Financial Analysis Foreign Currency Hedging Government Contract Management Project Management Job Costing Staff Leadership Human Resources Infrastructure Development Liquidity Management Cost Reduction Investor Relations IT Administration

PROFESSIONAL EXPERIENCE Cleveland BioLabs, Inc., Buffalo, NY


2005 2011 A $210M (market capitalization) public biotechnology company specializing in the development of biodefense, tissue protection and cancer treatment drugs. Chief Financial Officer (2006-2011) Corporate Controller/General Manager (2005-2006) Served as a trusted advisor and partner to the CEO and other senior executives and the board of directors in developing and executing strategic and operational plans aligned with the goals of the business. Drove delivery of financial, accounting, treasury, HR and IT functions while closely managing the efforts of seven professionals tasked with improving operational proficiency and compliance. Incorporated project management in related key initiatives focused on identifying risks, improving internal controls and sustaining government and SOX compliance. Secured and administered more than 20 major government contracts and grants with a total value in excess of $87M. Deals included: A $10.3M Department of Defense contract. A $15.6M Biomedical Advanced Research and Development Authority contract. A development and procurement contract from the Chemical Biological and Medical Systems Medical Identification and Treatment System of the Department of Defense valued at up to $45M. Positioned the company for a successful IPO. Executed five equity financing deals valued at more than $78M.

JOHN (JACK) A. MARHOFER JR CMA, CTP PAGE TWO


Cleveland BioLabs, Inc. (continued)
Enabled the organization to successfully navigate a credit crisis. Rapidly cut monthly cash burn from $1M+ per month to less than $250,000. Implemented accounting and internal control systems to sustain SOX and government compliance at minimal cost. Led improvement in finance and accounting functions of a majority-owned foreign subsidiary. Implemented accounting policies including global cash management, financial statement consolidation and foreign currency translation. Enabled the organization to rapidly adapt to constantly changing strategies goals and drug development projects. Created automated budgeting system that allowed what-if analysis on a project level. Led team in developing accounting system and infrastructure. Established viable financial, accounting, corporate, HR, and IT policies and procedures.

Litehouse Products, Inc., Brunswick, OH

2001 2005 A $50M retailer of recreational products with eight company-owned and 21 licensed stores in OH, MI, and PA. Corporate Controller Quickly promoted from Accounting Manager for significant contributions in short and long-term forecasting, rolling budgets, cost control, inventory management and product-line profitability analysis. Resolved a variety of finance and accounting issues while improving the accounting system. Orchestrated the efforts of five finance and accounting professionals tasked with operating an efficient accounting system in a fast-paced environment. Planned and restructured accounting system into four separate entities to better address company needs. Realized a 50% reduction of bad debts while sales increased over 100% from the preceding year. Implemented credit and collection policies including cross-border letters of credit for wholesale Christmas division. Completed due diligence that justified the sales of the distribution center.

CAREER NOTES
Early career success as a Financial Analyst with Bank One, Sales Audit Supervisor with Jo-Ann Stores and as Senior Accountant and Cash Manager for Flight Options International. Analyzed the entire expense structure for the bank and automated cost controls for the facilities department of Bank One. Developed cash management process improvements for fraud control and other treasury areas and implemented SAP cash management system for Jo-Ann Stores. Spearheaded development of a new accounting method to accrue for maintenance on aircraft engines that complied with GAAP principles at Flight Options.

EDUCATION, CERTIFICATION
MBA, Business Administration and Finance (with Honors), University of Akron, OH BA in Accounting and Marketing (with Honors), Miami University, OH Certified Management Accountant Certified Treasury Professional Certified Financial Manager

AFFILIATIONS
Member, Association for Finance Professionals Member of Institute of Managerial Accountants - Buffalo Chapter Member of Financial Management Association - National Honor Society