RICK WEBER 73 Otis Road Barrington Hills, IL 60010 Cell: 847-627-0280 Office: 423-648-0569 rweber73@gmail.com www.linkedin.com/in/charlesrickweber SUMMARY Full P&L executive grounded in financial disciplines, with a successful career in the retail industry. Served on various corporate Boards of Directors, and as a COO and CFO of companies with scale and complexity. Skillful in building shareholder value in a variety of business settings and cultures, leading business transformations, growing businesses and improving results, and championing and implementing cutting edge technologies. In depth knowledge and keen insight on key drivers, consumer behaviors and market trends for regional, specialty and mass merchant retail chains. Extensive experience and a successful track record in recognizing, addressing and resolving virtually every strategically critical issue facing a business. Holds MBA, JD and CPA. CAREER HISTORY THE VINCIT GROUP DECEMBER, 2013-PRESENT CHATTANOOGA, TN A family owned corporation engaged in the sanitization of food processing plants and the production of related chemicals. Chief Financial Officer. WEBER STRATEGIC CONSULTING, LLC 2008-PRESENT BARRINGTON HILLS, IL An independent consulting practice serving Boards and senior management of private companies, including private equity firms and their portfolio companies on matters of general management and finance, with expertise in the specialty retail industry, among others.. Clients include: private equity groups, traditional brick and mortar specialty retailers, Internet retailers, consumer goods manufacturers and service providers. Founder and Principal. Started up this enterprise. Now lead a staff of seven professionals. Client work has included: assuming interim senior management roles (e.g., CEO,CFO, others); mentoring executives; conducting due diligence and business reviews on target companies; and evaluating strategies, business processes, and operating standards and practices. Most recently, as Interim CEO & CFO Dean & Deluca, the world’s premier gourmet grocery retailer, achieved the following results: Introduced micro-merchandising, work content based payroll planning, and GMROI to produce increased comparable store sales of 6.3% (2012 over 2011); an EBITDA increase of 19.8%; and improved catalog and website contribution of 187%. Reduced corporate overhead 25%. REC ROOM, INC. ALGONQUIN, IL 2006 to 2008 $12M high-end furniture and home entertainment retailer with 50 employees, 4 locations and 50,000 product SKUs; acquired from the founder by a private equity group in 2006. Chairman of the Board & CEO Reported to the private equity firm/investor group. Had full P&L responsibility for the business. Recruited to develop and execute a strategic plan, combining a business transformation and aggressive growth to transform a niche, entrepreneurial company into a market-leading national chain. After the plan was developed and well received, accomplishments included the follows: Rebranded and transformed this historically unprofitable business ($2M+ in annual losses) into one that was growing revenue, improving margins, and poised for profitable growth (both organic and through acquisition) to $145M over 5 years. Installed core business principles of fact-based strategic planning, fiscal discipline and consumerfocused marketing. Improved operating, financial and marketing disciplines. Upgraded and rebuilt senior leadership team. Created new performance metrics, restructured the compensation system and shifted team focus to customer satisfaction. Created value added marketing and sales programs, boosting revenues and store traffic without increasing advertising costs. Introduced major brands, new categories and products to enhance cross selling and market reach. Increased average sales transactions by 16%. Upgraded the professionalism within the stores. Reconfigured inventory, floor space, brands and products, based on their profitability. Introduced bar scanning and GPS technologies. Sustained the business through initial market downturn by gaining management concessions without attrition. Presented fact-based strategic options to the private equity firm including liquidation, sustainability and longer horizon expansion. Led an orderly liquidation. Maintained ongoing investor relationships, and consulted on other acquisitions and portfolio company operations. ULTA SALON, COSMETICS & FRAGRANCE, INC. ROMEOVILLE, IL 1996 to 2006 $750M (now $1.5B) publicly traded specialty retailer of cosmetics, fragrances and personal care, full-service salon with 2,000 employees, 275 stores in 30 states, 30,000+ product SKU’s, and a website of 9K branded products Chief Operating Officer & Chief Financial Officer Reported initially to the CEO, and later, directly to the Board. Recruited by CEO to be the new CFO of this 6-year-old, money-losing, venture-backed “start-up.” In 2000, promoted to COO (while remaining CFO) and had full P&L responsibility for the business. As CFO, charged with providing disciplined business, operating and financial leadership, and directing a 50+organization covering finance, accounting, treasury, audit, strategic planning, risk management and loss prevention. As COO, added oversight for store operations, real estate, human resources, information technology, procurement and logistics/distribution. Also, served on the Board of the company’s e-Commerce subsidiary. Accomplishments include: Led a successful major business transformation that achieved sustained business growth. Developed a winning strategy to turn a money-losing company into a profitable one in the first year. Business grew from $100M revenue, negative EBITDA and 50 stores to $750M revenue, $70M EBITDA and 275 stores. From 2000 to 2005, operating earnings increased from $8.5M to $32M. Overall, company paid out $90M in preferred shareholder dividends. Also guided the eCommerce business from start-up into a viable product market and distribution channel. As CFO, averted impending bankruptcy and restored investor confidence within 6 months of my arrival through a recapitalization with private investment and a series of new bank loans with more favorable terms. Thereafter, orchestrated 3 rounds of equity financing totaling $45M. Installed Sarbanes-Oxley governance practices and mapped a successful IPO, which ultimately raised $150M+, exceeding expectations. Put in place strategic planning, financial and marketing disciplines, a high performance leadership team (recruiting key players), improved operating infrastructures and processes, , performance metrics and systems, optimum technology platforms, improved HR policies and compensation structure, and a winning culture (minimal attrition and workers’ compensation claims). Installed and implemented conversion to SAP (2d retailer in the U.S. to do so) without business disruption, and added industry leading point of sale, inventory and HRIS modules. Thwarted 2 union attempts to organize 300 distribution center employees. Established industry-leading supply chain management standards through continuous improvement initiatives. Improved inventory turns from 1.7 to 3.5; cut store inventory 50%; maintained 98% in-stock levels; achieved 8% compounded comparable store sales growth; eliminated $750K of discontinued/damaged merchandise; and reduced shrink 50% to 1.4% of sales, saving $9.7M. Developed clearly defined real estate strategy for selecting target markets, store placement and lease terms by converging market analytics and consumer demographics. Selected and opened 97 stores, doubling the operating footprint and adding $300M+ in annual revenues. Reduced design, contracting and start-up cost from $2.8M to $1M by accelerated construction cycle time by 4 weeks. Established a combined retail and service footprint comprised of 10K sq2 of space and generating $3M in sales per store. DOMINICK’S FINER FOODS, INC./DODI MANAGEMENT, LLC 1989 TO 1995 NORTHLAKE, IL $3B supermarket chain, and 2nd largest in Chicago, with 15,000 employees and 100+ locations. Founded by the DiMatteo family; divested in 1995 to The Yucaipa Companies, a private investment firm. Sale proceeds and $250M+ in real estate assets placed into a family holding company, Dodi Management, LLC (which included Trident Development). President – Dodi Management, LLC & Trident Development (1995 to 1996) Chief Financial Officer and Board Member – Dominick’s Finer Foods (1989 to 1995) Reported to CEO and served on the Board of Directors of Dominick’s. Recruited as CFO to build a new generation of executive management and facilitate a leadership transition from a family patriarch to a new CEO. Specifically, oversaw finance, accounting, investments, real estate development, store design and construction, and IT. Built and managed a 9-person staff responsible for 120+ employees. Following business sale in 1995, appointed President of the company’s investment business unit which oversaw $1B+ in assets and a family-owned commercial real estate development, property management and leasing services business. Accomplishments included: Led successful business transformation from strategy development through execution. Over 6 years, business growth accelerated; number of stores expanded 30%+; and sales increased 71% (from $1.75B to $3B). Structured a recapitalization ($150M private placement) to fund the growth strategy. Secured $250M in additional capital by assembling a 12-bank syndicate. Obtained a $75M line of credit. Generated $2.5M through investment gains in the capital markets and interest rate swaps. Upgraded talent significantly; introduced stronger quality, efficiency and controls; and made strategic investments in technology, connecting the store-level point of sale equipment to corporate-wide financial systems. Added $6M to the bottom-line by overhauling vendor relationships and other corporate expenses. Led site selection process, construction and opening of 20 stores averaging $26M in annual sales. Introduced the first in-store banks and ATM services in the Chicago area, which drove higher traffic and sales tickets Managed a $250M real estate portfolio of 15 retail/office shopping centers. Led the sale of the company to The Yucaipa Companies, which generated a superior return, by applying then cutting-edge investment/asset allocation principles, including performance benchmarks by asset class. . EARLY CAREER CSK Auto Corporation-Chief Financial Officer 1988 to 1989 Osco Drug, Inc -Vice President, Finance & Administration 1981 to 1988 Jewel Companies, Inc.-Assistant Corporate Controller 1977 to 1981 Other Corporate Finance Positions 1972 to 1977 At CSK Auto (in Phoenix, AZ), managed the financial function and activities of the company. Negotiated bank loan covenant waivers to maintain ongoing operations during a period of financial insolvency for this 800-location chain of auto parts stores owned by a private holding company. At Osco Drug, played a key role in the growth agenda for a newly created, $3B, 600-location operating division through strategic acquisitions and a 3-way merger, including the post-merger integration of people, operations, assets, and financial and accounting systems. At Jewel, became one of youngest corporate officers in company history (then a Top 10 US retailer with $3B+ in revenue and 500 locations). Participated in divesting 4 non-core retail entities and investing in higher growth, higher margin businesses. Consolidated financials from 13 divisions, subsidiaries and foreign affiliates for SEC reporting and compliance. Chaired the Management Development Council of operating company representatives engaged in best practices development. EDUCATION, CREDENTIALS & AFFILIATIONS MBA with Honors – UNIVERSITY OF CHICAGO JD with Honors – LOYOLA UNIVERSITY SCHOOL OF LAW Admitted to Illinois Bar; Member – American Bar Association and Chicago/Illinois chapters BS, Accounting with High Honors – UNIVERSITY OF ILLINOIS-URBANA Edmund J. James Scholar Certified Public Accountant (CPA) Member – AICPA and Illinois Society of CPAs Hyde Park Angels (University of Chicago, Booth School of Business) 1993 1977 1972 1972