Charles Newcomb

Experience

• 

  Digital Electronics Corporation - dba DeeCO

  Jan 1983 - Jan 1993

  VP Finance / Controller

  Entered private industry from public accounting to establish and manage the accounting department for this LBO, which was spun out from Worthington Industries.Established and installed all Internal Controls and Accounting Systems including: G/L, A/R, A/P, P/R, Purchasing, Inventory, Financial Reporting, and Budgeting.Spearheaded analysis and implementation of its first ERP System for manufacturing.Established and implemented 401(k) and ISO plan.Formed a DISC (Domestic International Sales Corporation) to minimize corporate income taxes on foreign sales.Along with key management, negotiated the company's sale to Lucas Industries, a publicly traded firm. Managed the due diligence including a clean audit opinion from a Big 4 accounting firm.Retained as VP of Finance by the acquiring company and supported transitional programs and projects for the new firm. Show less

• 

  Adastra Systems and JUMPtec Industrielle Computertechnik AG

  Jun 1993 - May 2002

  VP Finance / CFO

  Co-founder of high tech embedded computers design and manufacturing firm.Boot-strapped "sweat equity" start-up with four engineering founders.Private equity placement and SBA funding achieved to meet early-stage growth needs.Filed timely "Small Business" status with IRS and State to qualify for reduced capital gains treatment for shareholders.Established accounting department and all systems including GL, AR, AP, Inventory, and PR.Established an Incentive Stock Option plan (ISO) for employees.Established and implemented 401(k) plan.Led and managed the installation of the MRP/ERP system and controls.Successfully sold the company to a publicly traded German firm. Show less

• 

  Kontron America

  Jun 2002 - Oct 2005

  CFO

  Kontron America is a subsidiary of Kontron AG, both which design, manufacture, and sell embedded computers into the OEM market.Chief Financial Officer, responsible for Financial Reporting, Accounting, Finance, and IT systems.Promoted from CFO of North American operations to Finance Director of Kontron AG, the German parent company.Supported management team and the CEO in a successful "turn-around" in North America.Led transition teams in computer conversion and Internal Control compliance.Implemented early adoption of IFRS reporting.Served on management team of a successful negotiation, due diligence, and closing of a U.S. acquisition. Show less

• 

  Kontron AG

  Jun 2004 - Oct 2005

  Director of Finance

  Kontron AG is a leader in the high tech embedded computer industry.Oversaw all accounting functions of multiple international subsidiaries.Member of the Vorstande, the German Management Board.Responsible for Financial Reporting of this German publicly traded company.Performed presentations and road shows to the financial and investing community.