John Passauer

Experience

• 

  OAO Corporation (Now Lockheed Martin)

  Jan 1981 - Jan 1985

  Senior Accountant

  Responsible for payroll, billing and contract accounting in addition to job cost accounting in accordance with the US Federal Cost Accounting Standards.

• 

  MCI Corporation

  Jan 1985 - Jan 1996

  Managed a department of 30 employees. Handled one of the first FAS 121 asset impairments with a $520 million asset write-down in 1995 that identified obsolete assets for disposal. Accounted for capital expenditures in excess of $3 billion per year. Served in a variety of positions including Manager of Financial Reporting, supervisor handling payroll and commissions accounting and supervisor of construction accounting.

  • Senior Manager of Property Accounting

    Jan 1991 - Jan 1996

  • Manager

    Jan 1985 - Jan 1991
• 

  MCI

  Jan 1996 - Jan 1998

  Senior Manager

  Corporate Accounting - Managed internal accounting functions with a team of 25 employees including Accounts Receivable, Operating Costs, General Accounting and General Ledger Systems. Coordinated various merger initiatives and strengthened controls over accounts receivables.

• 

  Embratel Participações

  Oct 1998 - Jun 2003

  Controller

  Located in Rio de Janeiro, Brazil. Responsible for a team of 130 employees in Accounting, Tax, Budgeting and External Reporting (listed on NYSE and BOVESPA). Transformed former government-owned business to a market-based public company. Resolved substantial tax contingency issues and restructured the company to achieve cost savings.

• 

  MCI (now Verizon)

  Jul 2003 - Apr 2006

  Vice President of Accounting

  Returned to MCI (formerly WorldCom) in Ashburn, Virginia to help lead efforts to emerge from one of the largest bankruptcies and accounting restatements in history including $1 trillion in bankruptcy claims. Responsible for bankruptcy accounting (fresh start accounting) and restatement of impairment testing. Directed a team of approximately 210 employees in Accounts Payable, Payroll and Property Accounting.

• 

  AES

  May 2006 - Apr 2012

  Vice President & Assistant Controller

  Joined AES in Arlington, Virginia to strengthen financial reporting and to put together an accounting team to ensure consistent application of US GAAP for a global power company with 25,000 employees in 29 countries. Developed regional accounting leadership team. Improved accuracy and timeliness of US GAAP financial statements.

• 

  Ascom Network Testing Division

  May 2012 - Oct 2016

  Chief Financial Officer

  SaaS business - developing software and solutions for wireless network testing Directed the sell-side due diligence and conducted road shows to successfully pitch the sale of TEMS to various private equity investors on behalf of Swiss parent company. Implemented the Adaptive Insights system to improve planning and forecasting. Supported various M&A initiatives.

• 

  International Justice Mission

  Dec 2016 - Sept 2019

  Chief Financial Officer

  IJM is a high-tech, growing, international non-profit operating in 25 countries.- Implemented the Workday financial system (ERP) resulting in 40% more timely financial statements and improved financial visibility and analysis. - Collaborated with senior leaders / Board of Directors to identify 16% in urgent budget reductions to ensure ongoing viability following an unexpected shortfall in revenue.- Launched the Adaptive Insights system to strengthen financial planning in light of 17% revenue growth and the need to anticipate foreign currency impacts on operations. Show less

• 

  IDE (International Development Enterprises)

  May 2020 - now

  Vice President of Finance

  Lead global finance for a growing international organization with more than 1,100 team members and an annual global budget of $30M and over $100M in multi-year grants and contracts across 14 business units in 11 countries.