Maria Oppegard, MSA, CPA: Executive Vice President, Finance in newport coast, CA
Maria Oppegard, MSA, CPA
Executive Vice President, Finance
newport coast | United States
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Work experience
Hitachi Solutions America, Ltd. - Products and Services Group
Executive Vice President, Finance | 10/2013 - Current
Executive Vice President, Finance 2014 - Present
Vice President, Finance 2013 - 2014
Hitachi Solutions America, a $200 million subsidiary of Hitachi Ltd. (publicly traded on Tokyo Stock Exchange), is a leader in Microsoft Dynamics applications sales, implementation and support. It also is a distributor of selected Hitachi IT products and services including Hitachi Starboard (interactive white board) and various solutions for bio-med, geo/satellite tracking, and other.
Most Senior Finance Executive, reporting to the CEO, and leader of a 30+ person global finance and accounting team in US, Canada, Europe and India. Responsible for global financial reporting and analysis, budgeting and forecasting, internal controls, external audits, tax, treasury, facilities, insurance and financial shared services. Serve on the Board of Directors to Hitachi Solutions Canada, Europe, Singapore and India. Partner with Executive Team and cross-functional leadership to identify areas of opportunity to improve top and bottom line financial performance. Key leader in Human Resources and IT matters.
• Key leader in due diligence and integration for three successive strategic acquisitions in Canada and US, which added ~400 employees and ~$90M in annual revenue.
• Reduced DSO from 78 to 47 days, and improved operating cash flow by $17 million in twelve months.
• Partnered with HR to create a new 401(k) plan for ~300 employees, which will reduce average investing cost by 25%.
• Key leader in the restructuring of European subsidiaries, which improved operational efficiencies and increased profitability.
SRS Labs, Inc. (acquired by DTS July 2012)
Vice President, Finance | 06/2005 - 01/2013
SRS LABS, INC., Santa Ana, CA (acquired by DTS, Inc. July 2012)
(Publicly traded, industry leader in surround sound, audio and voice technologies.)
Vice President, Finance, DTS, Inc. 2012-2013
Vice President, Finance and Chief Accounting Officer, SRS Labs, Inc. 2012
Chief Accounting Officer , 2011 - 2012
Corporate Controller, 2005 – 2011
Directed accounting and finance department to serve and support hundreds of global licensees, and employees located throughout the world, including six foreign offices. Managed and directed $40M corporate cash and
investment portfolio. Prepared and filed all SEC documents. Prepared annual worldwide budget and quarterly forecasts. Presented financial performance updates to Executive team and Board of Directors. Oversaw all external audits and outside providers to finance, including auditors, attorneys, bankers, and consultants.
Communicated corporate strategy and financial performance to key analysts and investors. Managed and accounted for the Company’s stock-based compensation program and stock repurchase program. Key leader in Human Resources matters and Legal/Contract negotiations.
• Appointed by CEO as Integration Leader during the pre-close phase of the acquisition.
• Retained by DTS to lead finance and accounting integration post-close.
• Served as Acting Principal Financial Officer for interim period.
• Key leader in the formation of international subsidiaries in Japan, China and Europe.
• Key leader in the divestiture of Hong Kong subsidiary and US joint venture.
• Recovered $3.5 million in under-reported royalties and drove $5.0 million in new licensing agreements.
• Successfully directed and implemented Sarbanes Oxley, Section 404.
KPMG
Audit Manager | 09/1998 - 10/2004
KPMG, LLP, New York, NY 1998 – 2004
(“Big 4” accounting firm.)
Audit Manager, Orange County, CA 2003-2004
Audit Supervising Senior, Orange County, CA 2001-2003
Audit Senior, Atlanta, GA 2000-2001
Staff Accountant, Atlanta, GA 1998-2000
Managed multi-location teams ranging in size from 10 to 20 persons on audits of public and private companies with annual revenues ranging from $100 million to $27 billion. Industry experience focus on the consumer market, manufacturing, information, communication and entertainment industries. Collaborated with Senior Management in the preparation and review of SEC filings including, 10-K, 10-Q, S-8, 8-K and proxy documents. Analyzed and audited accounting treatment of M&A transactions. Made presentations to Board of Directors and Audit Committees.
• Recognized with KPMG’s 2004 Encore award for outstanding engagement performance.