RICHARD L.

WALTERS, CPA
Gahanna Ohio 43230 614-361-7883 rwalters159@gmail.com

CHIEF FINANCIAL OFFICER A dynamic and talented financial management professional who is an expert at analyzing underlying processes and developing improvement plans. Skilled manager who inspires others to achieve their personal best. A strong leader with deep knowledge of financial systems, processes and compliance issues. Areas of expertise include:
Public & Private Equity Experience Investor Relations Experience Asset Management Strategic Analysis Financial Management Capital Budgets Employee Benefits Planning Insurance Purchase Regulatory Compliance Financial Reporting Negotiations Continuous Process Improvement

PROFESSIONAL EXPERIENCE BODY Central Corp, (NASDAQ: Body) Jacksonville, Florida 2007- 2011 A $300 million, publicly traded, womens specialty retailer with a target market of young fashion oriented women looking for casual to fashionable styles at affordable prices. Operations consist of 226 stores in 24 states throughout the east and southeast, including a catalog and internet operation located in Jacksonville, Florida. Stores are predominately located in enclosed malls and range in size from 2,200 sq feet to 9,800 sq feet, averaging 4,200 sq ft, and produce approximately $1M in sales per year. Approximately 14% of overall revenue is derived from an ecommerce operation which generates revenues through catalog mailings, email, and website offers throughout the year. Executive Vice President/Chief Financial Officer Responsible for all financial activity for the company including the treasury, budgeting, audit, tax, forecasting and insurance activities for the organization. Directed the financial planning, accounting practices and financial reporting requirements for the company. Managed the companys working capital position and financial activities to ensure sufficient liquidity to run the business. Proactively analyzed functional issues impacting the organization. Coordinated all aspects of a successful initial public offering and follow-on offering. Financial/Operational Highlights: Successfully worked with investment bankers, analyst and investment funds to complete an IPO and follow-on raising over $175 million. Participated in the successful turn around of the company after acquisition by private equity when performance failed to achieve financial thresholds requiring revitalizing the business model and negotiating senior debt covenant waivers and refinancing. Saved the company $350K annually by renegotiating credit card service contract. Reduced company healthcare costs by $118K by establishing a tiered health plan and cafeteria plan. Created first company budget cycle and monthly financial reporting cycle. Streamlined accounting and reporting procedures, increasing departmental efficiency. Developed financial modeling applications, enhancing inventory and cash management areas of the business.

RESUME

RICHARD L. WALTERS

Page 2

rwalters159@gmail.com

HEARING HEALTHCARE MANAGEMENT, INC., Columbus, Ohio 2001-2006 $50 million audiology and hearing care practice operating 200 offices in 17 states. Chief Financial Officer Directed all financial efforts for 200 audiology and hearing care centers. Instituted the financial function of the company. Established administrative processes and financial functions in collaboration with overseas parent company. Developed standard metrics and budgets, and created acquisition models, financing methods, and integration plans to ensure growth. Maintained adequate operating cash flow. Financial/Operational Highlights: Implemented monthly consolidated financial reporting. Developed and launched new benefit plans. Analyzed prospective acquisitions and transitioned them into existing business. Reviewed and put into place new back-office reporting system, standardizing all business processing and reporting functions. Implemented expense savings programs with credit card services, business insurance, and tax planning.

VALUE CITY DEPARTMENT STORES, INC. (NYSE: VCD) Columbus, Ohio 1985-2000 Publicly traded, Off-price department store chain with 196 stores and $2.4B in sales. Vice President of Finance/Controller Managed all financial activities of the company including its financial reporting, cash management, inventory control, budgeting, forecasting, payroll processing, property management, tax administration, and internal audit areas of the business. Ensured that all internal and external financial reporting met with GAAP, SEC and other reporting requirements. Managed the integration of acquired business into company operations. Financial/Operational Highlights: Provided financial analysis and support for a $300M revolving-line-of-credit facility which was used to acquire a new business unit. Instituted tax planning programs, saving over $6M in federal, state, and local tax filings, and processed over 4K returns annually. Successfully coordinated all aspects of an IPO and following SEC reporting, securing over $100M. Streamlined accounting and reporting procedures, increasing departmental efficiency. Developed financial modeling applications, enhancing inventory/cash management areas of the business. Led the implementation/upgrade of a sophisticated financial system. Directed the analytical justification for new locations and capital expenditure programs. Led integration process of new businesses. Managed weekly forecasting/reporting of operating results, and provided analysis and commentary to Executive Committee, identifying areas of potential cost savings. EDUCATION Bachelor of Science in Accounting The Ohio State University, Columbus, Ohio MEMBERSHIPS American Institute of CPAs Ohio Society of CPAs

RESUME