Our Professionals
Ken Mahoney, Principal
Ken has significant experience with companies of varying sizes in both the closely held and public sectors. Ken completed his MBA at UNC-Greensboro and has worked in public accounting in accounting, audit and business advisory services. He has worked as controller and officer of a publicly traded textile company and, from 1992 to 2007, served as CFO of a portfolio of privately owned operating companies and real estate holding companies. After successfully assisting the majority shareholder exit the businesses, Ken has served as fractional CFO for a number of mid-sized companies located throughout NC. Ken has substantial experience in finance, HR, IT and in managing businesses through various business cycles. The most significant of his clients' needs have included enhancing financial reporting, establishing and refreshing costing and control systems, obtaining capital, renewing lease and debt obligations and serving as a sounding board to objectively examine business decisions under consideration.
Michael Spohn, Principal
Michael is a senior financial executive with extensive experience providing financial, operational and managerial expertise for small to medium sized organizations. He has served as a fractional CFO for companies within the financial, service, manufacturing, distribution, health care and technology industries. Most of his engagements center around the implementation of operational processes focused on efficiencies to maximize financial reporting, cash flow improvement, bank and equity financing, strategic plan development and measurement, human resources, risk management, acquisition-sale due diligence and succession-exit strategies. Michael received a Bachelor of Science in Finance and Economics from UNC-Greensboro and a Bachelor of Science in Accounting from High Point University. Established in the triad community, Michael serves in many capacities with local community organizations promoting the continued economic and social growth of the region. A highlight for Michael was completing a cross-country bicycle ride benefitting physically challenged citizens for the organization PUSH America.
Barry Safrit, Principal
Barry, who joined NextGen CFO in 2010, has extensive experience with small, mid-size and large companies. He spent nearly ten years as Senior Vice President and CFO of Bassett Furniture Industries. Previously, he worked 8 years as CFO of CHF Industries in Charlotte after starting his career in the audit division of Arthur Andersen. With his background in manufacturing, retail, investments and real estate, Barry's focus is on improving companies' financial organization, processes, reporting and results. He has significant knowledge and experience in business planning, financial planning, cash flow improvement and with senior level financial matters such as banking relationships, credit facilities, mergers/acquisitions/divestitures, investor relations, insurance renewals, risk management, SEC reporting and employee benefit plans. A graduate of UNC-Chapel Hill, Barry is active in the Triad community serving on the Greater Greensboro ADA Father's Day Council, the Board of Trustees of the High Point Community Foundation, the board of the Central North Carolina MS Society and as a coach at the Spears YMCA.
Brandon Harris, Associate
Brandon holds a Master's degree in Accounting and has over 15 years of experience with public accounting, internal and operational audits, financial and accounting management and business consulting. Since beginning her sole proprietorship in May 2008, Brandon serves businesses as interim Controller and performs special projects in a variety of industries for public and private companies. The projects include managing financial and accounting systems implementations, improvement of operational processes and internal controls, SOX documentation and testing, revising general ledger account structures to improve reporting and training and developing her clients' personnel. Also, as a Certified Fraud Examiner, Brandon provides forensic accounting services for attorneys and their clients and helps organizations in the prevention, detection and deterrence of fraud. Brandon continues her professional development with active memberships and training in the NCACPA, ACFE and the AICPA, with special emphasis on the Forensic and Valuation (FVS) Section. www.accountableresource.com
R. Gary Armbrister, CFO
Gary has over 30 years of experience in all phases of financial management including financial reporting and planning, internal control and risk assessment, taxation, employee benefits, acquisitions, restructurings and other specialized accounting areas. A former financial officer for Stanley Furniture Company and Hooker Furniture Corporation, he has consulted with other businesses in the home furnishings, retail and leisure industries. Founder of R. Gary Armbrister, CFO Services, he provides CFO, Controllership and transaction-based accounting and finance services. Based in Wytheville, VA, he serves the five-state region of Virginia, North Carolina, South Carolina, Tennessee and West Virginia. Gary graduated from Virginia Tech with a Bachelor of Science in Business Administration, Major – Accounting. Active in his community, he has served as Council President and in other volunteer roles with the Blue Ridge Mountains Council of the Boy Scouts of America.
Glenn Rayle, CFO / CEO
A veteran CFO, Glenn spent 20 years with a Triad print production and fulfillment company where he and his team developed and implemented accounting and information systems to support profitable growth from a local market provider to an international manufacturing presence. He played a key role in the company's financial restructure and integration when acquired by a private equity group and, later, a Fortune 500 organization. Glenn then founded MidState Partners of NC to assist companies who have an accounting staff, but need regular advice and hands-on assistance with financial, accounting or operational issues. He has served a variety of manufacturing, logistics and industrial service companies as a fractional CFO and CEO. Services provided include cash flow improvement, debt restructure, employee compensation programs, ERP software selection, corporate budgeting, reorganization plans, merger & acquisition due diligence, strategic planning and executive advisory services. Glenn received his BA from UNC-Chapel Hill and MBA with a concentration in Finance and Marketing from Wake Forest University.
S. Edward McKee, CFO
Ed is a seasoned executive with 25 years experience in financial management. He spent nine years as Finance Director with Novant Health providing financial analysis, accounting, budgeting, business planning, product and service profitability analysis, operational improvement and compensation plan development services to more than 400 employed physicians. Prior to this, he was Vice President of Finance for Blue Cross Blue Shield, overseeing corporate budgeting, business planning, product development and merger and acquisition services. He also has 6 years experience as a Vice President of Finance/Acquisitions for a boutique real estate investment firm managing the property acquisition activities and working closely with investors, lenders, project developers, accountants and outside counsel to bring complex investment transactions to closure. Ed is based in Winston-Salem where he has been active in the community for more than 20 years. He holds a BS in Business and an MBA, both from Wake Forest University.
George Sealey, CFO
A seasoned CFO, George has over 30 years' experience in small, mid-size and large companies. He spent eight years as CFO of CF Holding Company, one of the largest furniture transportation companies in the U.S. Earlier, he held various financial management positions with the Planters and LifeSavers Divisions of Nabisco Foods Group, including Manager of Business Analysis for Planters and Manager of Financial Reporting for both Planters and LifeSavers. Previously, he worked in the audit division of Ernst & Young. George has extensive experience helping clients develop business plans, improve cash flow (and cash management), raise capital, reduce costs and perform due diligence procedures related to sales and acquisitions. He has helped clients streamline and improve processes and procedures in the areas of financial reporting, financial analysis, budgeting, human resources and risk management. He has also assisted and advised companies electing to file for Chapter 11 reorganization. George is a native of Winston-Salem and a graduate of UNC-Chapel Hill.
Tom Keeter, Principal
Tom has more than 30 years experience helping small to medium sized companies. A graduate of UNC-Chapel Hill in Business/Accounting, Tom spent 16 years in public accounting with BDO Seidman LLP, serving as a partner for his last 7 years with the firm. He has also served in the banking sector, working 4 years with Barclays Business Credit and Wachovia Commercial Finance. Tom founded Keeter CFO Services in 2000. Typical services that Tom provides include upgrades to financial reporting used by management and outside providers of capital, development of a comprehensive business plan, implementation of financial controls, assistance in obtaining capital for the business from banks, business acquisition due diligence, business sale-side advisory services and participation in technology, human resource and other company upgrades. Tom is a member of the Vistage Trusted Advisor Program and is active in several community organizations including The Boys & Girls Clubs.
Tom Schultz, Principal
Tom began assisting small to medium sized businesses over 20 years ago as a consultant for the Small Business Development Center while working toward his MBA at the University of South Carolina. While there, he worked with over 100 clients, helping 11 of them obtain financing totaling over $2.6 million, and helping 25 others to develop their business plans. After earning his MBA, Tom held positions as financial analyst for a computer manufacturing plant, controller of a retail store, controller at a graphics arts shop and, most recently, chief financial officer of Pharmagraphics, a pharmaceutical package printer with annual sales volume of $50 million. Tom started his own consulting practice in 2006 in which capacity he has worked with over a dozen companies as a part-time CFO or on CFO-level projects. Through the years, he has gained substantial experience in all facets of finance, accounting, IT, strategic and business planning, and mergers and acquisitions.