About David Richards
David has seventeen years of senior finance and administration management experience leading public and private manufacturing, distribution and venture capital companies, including experience leading human resources, payroll, risk management and information technology. David has helped manage fast growth companies, as well as led companies through recessions and reorganizations, acquisitions and sales, including the “restart” of a Company that had to be downsized from over 150 to just 5 employees and then source, acquire and successfully commercialize new technology.
He has developed strategic and cost improvement objectives and initiatives. He has teamed with Sales and Marketing leaders to build economic support to successfully commercialize new products, managed new product development projects with R&D leaders, providing financial models for project go/no go decisions and collaborated to minimize project costs. To better manage inventories, working with operations management, he developed cost accounting and inventory management systems for public and private companies. Most recently, as the CFO/consultant for a fast growing, consumer goods manufacturer and distributor, David was responsible for reforming the Finance team, developing and implementing a cost savings initiative with the COO in order to bring the company back to profitability and formalizing the HR function. At a life science manufacturer, David oversaw Finance, Human Relations and IT and helped lead the company through several rounds of financing, establishment of new banking relations and, with the executive team, secured a national distribution agreement. Areas of expertise include:
- Cash and Resource Management and Planning
- Sourcing Debt and Equity Capital
- Planning and Budgeting
- Mergers and Acquisitions
- Business Exit Strategies
- Key Metric Dashboard Development
- Systems Selection and Integration
David has served the community as the CFO and board member for a food bank, as a founding committee member of a medical device industry advocacy group, Device Alliance, and as a founder of a medical device networking group, OC Medical Device Network.
David is a California native and with his wife of 24 years, two children and two Scottish terriers resides in the Inland Empire/Orange County area.
MBA, University of California, Irvine
BS, California State University, Long Beach
Certificates & Licenses:
CPA California (Inactive)
Certificate of Investor Relations, Univ. of CA, Irvine
Food for Life Ministry, Device Alliance, OC Medical Device Network