L. Dupuy Sears
Mr. Sears has over 30 years of financial, operating, consulting, and senior management experience. He has been CFO of numerous companies ranging from large NYSE listed corporations to small, privately-held businesses. His experience includes restructuring and turnaround services and he has served as a Court Appointed Officer in bankruptcy proceedings. He is skilled in dealing with varied and often conflicting stakeholder interests. Mr. Sears has worked in the following industries:
- Consumer Products
Selected highlights of Mr. Sears' career include:
- Led a Fortune 500 company through a two year restructuring culminating in a successful asset sale.
- Led an inventory reduction effort that reduced working capital by $100M.
- Executed a $200M manufacturing restructuring plan generating $60M in annual savings.
- Negotiated refinancing on a $165M second lien facility, a $100M public bond offering, and numerous working capital facilities.
- Negotiated two acquisitions in two years totaling over $200M in revenue.
- Implemented accounting, budgeting, and cash management systems in a company that grew from $7M to over $20M in a 24 month period.
- General Management and Consulting Assignments: Publicly traded furniture manufacturer/retailer, Private Equity backed manufacturer of industrial and consumer products, and privately held newspaper and magazine publisher.
Before joining Interlochen, Mr. Sears held various positions with the following companies whose revenues ranged from $100M to $1.8B including:
- WestPoint Stevens, Inc. — Senior VP and CFO
- Glenoit Corporation — Executive VP and CFO
- Perfect Fit Industries — Executive VP and CFO
- Springs Industries — Consumer Products Division Controller
- Haskins & Sells (now Deloitte) — Small Business Consultant
Mr. Sears is a CPA and holds an MBA with a concentration in Finance and Operations from Wake Forest University, a BA in Economics from Wake Forest University, and has completed post graduate studies in accounting at the University of North Carolina in Chapel Hill. He is a former Major in the U.S. Army reserves and has served on numerous civic and non-profit boards. Mr. Sears received national recognition by the David Rockefeller Foundation for Business/Arts partnership and he chairs the Board of the WestPoint Fund, a charitable foundation.