Bank Financing | Read the Transcript
CFO Studio Magazine Article: How to Finance a Turnaround, 4th Quarter 2012
Member of the CFO Studio Advisory Board
Andrew Savadelis is a senior executive with demonstrated success in finance, strategy, operations, planning and sales in public, private and multinational companies. He has served in the CFO capacity in both public and private organizations, effectively as the COO in several companies, and on the audit committee as a Board member of a public biotech company. He has successfully completed private, public and IPO financings in both growth and turnaround companies.
As past CFO of AE Polysilicon Corporation, Andrew most recently worked with the Department of Energy to negotiate a $250 million loan guarantee as part of a $500+ million project for a high tech chemical plant through the DOE’s loan guarantee program. He also secured significant tax credits through both federal and state programs. Andrew has directed and managed financial, accounting, human resources, investor and IT activities in high tech and biotech companies. His experience also includes significant cash management including managing a $2.4 billion cash portfolio and worldwide cash flows for Bristol-Myers Squibb.
Andrew is adept at identifying strategic and operational issues and implementing optimal solutions. He has extensive experience in M&A and strategic alliance negotiations as well as raising debt and equity financings for both public and private companies. For example, he deployed new strategic directions with detailed operational follow through to ensure the successful turnaround of a biotech company which increased the market capitalization of that company by 600% to over $130 million in less than nine months.
Prior to earning his M.B.A., Andrew provided IT and general management consulting for industrial and wholesale clients. Andrew analyzed client businesses and implemented full systems solutions to automate and streamline operations.
Andrew earned his B.S. in biology from Albright College and his M.B.A. from Cornell University.
Andrew Zezas, SIOR, President & CEO of New Jersey based Real Estate Strategies Corporation, a corporate real estate advisory and transaction services firm interviews finance executive and CFO Andrew Savadelis. Mr. Savadelis answers Mr. Zezas’s questions and provides great insight into a number of timely economic issues, including his recent experiences in securing traditional bank vs government sponsored debt financing, and the drivers behind venture capital versus strategic investors. He discusses how the government acts like a bank, while managing its policy agenda. Mr. Savadelis discusses U.S. government green energy programs, and how, in less than one year, he led a successful turnaround of a company that was burning $60 million annually on $70 million in revenue, with a $20 million market cap. He describes how some venture capitalists ask themselves if the companies they consider investing in have management teams “they can believe in.”, whereas other vcs seek an exit strategy, with strategic investors seeking control over the intellectual property as a competitive advantage. Andrew Savadelis draws on his years of experience leading finance and strategy for biotechnology and technology companies, having specialized in turnaround and commercialization stage companies.