Larry A.

May
11038 Hildreth Ct.
Camarillo, California 93012
805-491-0379
lmfa291a@westpost.net
I am a creative and performance oriented financial executive with proven success
in emerging companies and established international companies. I have created a
dvanced financial, analytical, reporting and planning systems to guide corporate
growth, product line diversification and global expansion. My experience refle
cts a successful merging of business experience and financial disciplines, that
have been applied to geographically dispersed operations to achieve common goals
and financial objectives. I am decisive, energetic, determined and have outsta
nding merger, acquisition, joint venture and partnering experience.
Work Experience
Chief Financial Officer
8/2003 - Present NeoStem, Inc,
NeoStem, an AMEX listed company, is a diverse company with operations in the Uni
ted States and China. In October, 2009 the company completed a merger with China
Biopharmaceutical Holdings, Inc. which resulted in a 51% interest Eyre Pharmace
utical Co. Ltd., a generic pharmaceutical manufacturer. NeoStem is also pioneer
ing advanced therapies using stem cells and the pre-disease collection, process
ing and storage of adult stem cells for future medical treatments.
Responsible for the preparation of all financial statements and filings with the
SEC and responding to inquiries on accounting and financial disclosure matters.
Developed policies and procedures and such documentation to insure the Company
is in compliance with SOX when public compliance is required.
Responsible for developing business plans and strategy.
My major operational accomplishments have been:
Currently implementing reporting systems and procedures to bridge gap between US
GAAP and China GAAP.
Negotiated a license agreement to acquire wound healing technology.
Submitted and received approval for research grant from Department of Defense fo
r the development of advanced therapies using stem cells.
Negotiating equipment leases to purchase lab equipment for stem cell bank.
Negotiated a critical partner relationship with a company that collects platelet
s and stem cells on a national basis to provide stem cell collection facilities
and services for our clients.
Negotiated a marketing contract with a cord blood bank to market our adult stem
cell banking services to its existing client base and to undertake marketing di
rectly to consumers in direct mail and print media.
In 2006, I negotiated the sale of NeoStem, Inc to Phase III Medical, Inc. based
in New York and was retained as the CFO of the Phase III Medical (in August 2006
Phase III Medical changed its name to NeoStem, Inc.)
Chief Financial Officer
1/2001 - 5/2003 SARONYX, INC., Brentwood, CA
Start up software company developing software and secure network for pre-clinica
l development scientists. Software provides tools for design of toxicology studi
es; communications with toxicology labs, collaborators, and internal associates;
tools for managing study data reports and communications. As Chief Financial Of
ficer responsible for developing business plans and strategy, identifying potent
ial sources of venture capital and presenting the business to potential investor
s and customers.
Senior Vice President, Finance and Chief Financial Officer
4/1998 - 12/2000 BioSource International, Inc., Camarillo, CA
$30 million, NASDQ listed, product manufacturer for the biotechnology, pharmaceu
tical and medical research industries with seven manufacturing, distribution and
sales operations in the US and Europe. Member of a 10-person executive manageme
nt team leading this business through a "growth through acquisition" initiative
to capture new products and markets. As CFO, totally responsible for all financ
ial functions and IT systems with additional responsibility for label and packag
ing functions, technical services and purchasing.
Negotiated a $20 million line of credit with major banking institution, identifi
ed potential acquisition candidates, led due diligence and closed two acquisitio
ns valued at $16 million. Provided significant operating profits to the company
and no dilution to shareholders.
Responsible for the preparation of all financial statements and filings with the
SEC and responding to inquiries on accounting and financial disclosure matter.
Assessed manufacturing operations and streamlined processes, which reduced labor
and overhead by 10%. Redesigned product configuration to achieve a 70% reductio
n in packaging lead times.
Implemented a comprehensive voice/data communications system and WAN to link geo
graphically- corporate headquarters, research, manufacturing and distribution op
erations nationwide.
Lead the integration and reorganization of newly acquired operations to create a
comprehensive product portfolio and market presence.
Vice President / Controller/Treasurer
1/1983 - 4/1998 Amgen, Thousand Oaks, CA
Vice President / Treasurer (1997 to 1998) Vice President / Corporate Controller
/ Chief Accounting Officer (1988 to 1997) Corporate Controller (1983 to 1988)
Recruited during start-up to build the corporation's accounting, finance and IS
organizations. Over the next 15 years, created a multi-site business organizati
on and financial infrastructure successful in supporting company growth to $2.2
billion in annual sales. Led staff of 76 in Finance and Accounting and 110 in In
formation Systems. Secretary to the Board of Directors Audit Committee.
Business & Operating Leadership:
Created financial, business and information systems and participated in managing
$250+ million Hoffmann-LaRoche joint venture, European expansion, and third par
ty distribution network. * Participated in the successful completion of Amgen's
IPO and two additional equity rounds, raising a total of $150 million in equity
and a $75 million R&D Limited Partnership. *
Spearheaded acquisition and implementation of $100+ million in information and t
elecommunications technologies (e.g., AS/400 platform, DEC VAX platform, data ne
tworking, business and financial systems solutions [CODA Accounting system & JD
Edwards Enterprise Financial System] with supporting PC systems, e-mail, and sch
eduling).
Credited with contributions to transitioning the company from a small, intimate
culture into a large and diversified global corporation. Addressed core cultura
l issues throughout growth cycle.
Developed a highly effective staff of financial professionals that have grown wi
th the sophistication and complexity of the company.
Guided long-term achievements in cost control, sales growth and profitability. F
inancial Management Achievements:
Developed meaningful management reporting systems to provide financial, operatin
g, revenue, consumption and cost data. Delivered month-end closing results in t
hree days. Designed forecasting process and achieved 20+ quarters of meeting/ex
ceeding analyst projections.
Managed up to $300 million annual accounts receivable portfolio. *
Represented Amgen before the SEC on reporting and disclosure issues. Testified
before the FASB on proposed changes in accounting practices.
Promoted in 1997 to Vice President / Treasurer with full management responsibili
ty for banking, cash management, tax, customer finance organization and corporat
e information systems. Administered a $1 billion cash portfolio. Managed a staf
f of 150. Shortly after assuming responsibility:
Implemented tax-planning strategy to enhance offshore manufacturing strategy.
Initiated a $500 million shelf register and medium term note program to leverage
market position.
Completed a $100 million debt offering.
Initiated a $1 billion stock repurchase program.
EARLY CAREER EXPERIENCE
Vice President of Finance / Director of Accounting - IDC SERVICES, California &
Illinois (1978 to 1983)

Manager of Accounting - VALLEY INDUSTRIES, Missouri (1974 to 1978)

Staff Auditor, CPA - ARTHUR ANDERSEN & CO., Missouri (1971 to 1974)
Education
6/1971 University of Missouri, Columbia, MO
* Bachelor's Degree in Business Administration -- emphasis in Accounting

PROFESSIONAL QUALIFICATIONS PROFILE:

Strategic Planning & Analysis Integrated Financial Manag
ement
New Venture & New Business Development
Long-Range Financial Planning
Team Building & Leadership
Integrated Accounting Systems
Cost Reduction & Avoidance
Information & Telecommunications Technology
Multi-Site Operations Management
Productivity & Quality Management
Issues & Crisis Management
Joint Ventures & Alliances
Skills
Excel Power Point Word