William is a trusted finance and business leader for small and mid-market companies in a wide array of industries. His success as a CFO includes assisting a motorsport startup raise $50 million in seed funding, assisting $1 – $3 billion financial services, media, and technology entities grow long-term value by conducting M&A due diligence and decision support analysis as well as improving finance operations in numerous SMB organizations.
Generated $50 million in seed capital funding for regional sporting and entertainment development; created business plan, proformas and pitch deck as well as conducted investor presentations and provided CFO advisory services.
Accelerated financial recovery of a $22 million regional media company; assessed debt and cash flow issues; provided analysis and recapitalization strategies.
Contributed to improved financial management of a $9 million non-profit organization; instituted process improvements and improved financial analysis; provided CFO advisory services.
Expanded a $5 million technology firm by doubling the revenue base through acquisition; formulated business plan and proformas for the capital raise.
Introduced a redesign of accounting processes, budgeting, cash flow forecasting, and investor financial reporting for a $4 million independent film production company; provided CFO advisory services.
Improved the profitability of a $1 million regional transportation company by 40%; developed the asset utilization study, profitability analysis, and cash flow forecast; provided CFO advisory services.
Xenith Bankshares, Inc. (f/k/a Hampton Roads Bankshares, Inc.)
Eliminated inefficiencies in SEC reporting processes reducing production time by 25%; selected and implemented superior technology solution; improved overall production process and quality of SEC reports (10-K, 10-Q, 11-K, 8-K); revamped regulatory compliance processes.
Streamlined annual capital and operating budget process reducing time to complete by 33%; with improved reporting functionality for all levels of management and board.
Maximized accounting accuracy, timeliness, and audit results for a $600 million mortgage subsidiary; assessed and redesigned accounting processes and procedures.
Decreased tax provisioning and asset/liability valuation by 25%; resulting from redesigned internal tax planning and compliance procedures.
Minimized operational disruption by serving as contributor to post-merger integration team.
Principled Advisory Services/William M. Wright II, CPA, LLC
Founded and operated an independent CFO consulting business serving small and mid-market enterprises, assisting organizations in all stages of the business life cycle to work through strategic and operational challenges.
Division President; Division VP; CFO; Controller; HR Director
1997 - 2008
Virginian-Pilot Media Co.'s (division of Landmark Media Enterprises, LLC)
Produced 20%+ IRR on capital improvement funds; increased production capacity, improved efficiency, and generated 10% revenue growth; completed project under budget and on time.
Orchestrated growth in market reach from 23% to 40% in less than 18 months; aggressively competed for and won 33% more government contract awards.
Grew division revenue and profits by 300% by negotiating and completing two acquisition after analyzing almost two dozen deals.
Achieved 25% growth in subsidiaries revenue and profits through acquisitions; conducted financial and operational due diligence and ROI analysis.
Gained double-digit productivity gains in the accounting and finance department by shortening monthly close by 33% and reducing budget process by 50% through improved technology. Streamlined procedures and hired high-performing talent.
Reduced employee turnover and legal costs by 20%, through heightened focus on employee relations, benefit administration, leader development, and work environment.
Served as Corporate Finance leader for a $40 million New England region property/casualty mutual insurance company. Led Accounting and Finance teams and served as a member of the company’s investment committee.
Maximized investment returns on a $45 million portfolio of securities.
Developed tax-planning procedures to minimize liability and improve cash flows.
Developed and maintained internal financial analysis reports to assist management with critical business decisions.
Developed and maintained external reporting procedures for statutory and GAAP purposes, and delivered training to non-financial managers.