The CFOS Team
Kent L. Thomas
Kent Thomas is the founder and managing member of Advanced CFO Solutions. Since founding Advanced CFO Solutions in 1996, Kent has lead the Company to successfully serve over 300 companies ranging from start-up to $70 million in annual revenues. During this time Advanced CFO Solutions clients have raised over $470 Million in equity, debt and lease financing. Kent is a frequent speaker on finance, entrepreneurism, accounting and related topics. In addition, he has served in numerous volunteer capacities including executive or advisory roles for the UACPA, Utah World Trade Center, Grow Utah Ventures, The Wayne Brown Institute, various universities and the Mountain West Capital Network. Kent served as chief executive or chief financial officer/controller of seven companies between 1984 and 1996. Kent started his career in the Salt Lake City office of Ernst & Whinney (currently Ernst & Young) in 1979. Kent has a Bachelor of Science degree in Accounting from Brigham Young University, an MBA from the University of Utah, and is a licensed, Certified Public Accountant.
Jerry L. Vance
Jerry Vance has eighteen years of management experience as a COO, CFO and controller. Jerry has provided CFO consulting services, including, management, acquisition, fundraising, forecasting, valuation, equity, debt and other business consulting and accounting services for over 100 of CFO Solution’s clients and has experience with numerous industries. Jerry has significant experience working with public companies including all SEC reporting. He has accounted for hundreds of millions of dollars of debt and or equity transactions and has been instrumental in securing numerous debt and equity rounds of financing with various companies. His international experience includes finance and accounting of foreign operations in Mexico and the UK. Jerry holds a Bachelor of Science degree in Accounting from the University of Utah.
JB Henriksen has over 20 years of experience in financial management and accounting for growth businesses. JB has served as CFO for over 20 businesses ranging from pre-revenue to over $1 billion in various industries. JB was a principal with Mavericx, where he served as CFO for both venture capital and private equity-backed companies. He has experience with mergers and acquisitions and has worked closely with investment bankers and private equity investors. He also has expertise in implementing new accounting systems. JB became a Certified Public Accountant while working for Deloitte and Touche. He is an experienced speaker, and is an adjunct professor at both the University of Utah and Brigham Young University, where he has taught accounting for over 20 years. He volunteers time to consult entrepreneurs through the Wayne Brown Institute, Utah Technology Transfer Office, BYU Student Mentor Group and advises other entrepreneurial groups in the community. JB graduated from the University of Utah with a Bachelor of Arts in Accounting.
Lee Stephenson has over 25 years of experience in financial management, tax planning and accounting. He has served as the CFO for companies ranging in size from 150 to 650 employees. He is experienced in business turn-arounds and has completed several mergers and acquisitions. In addition to traditional sources, Lee has also raised money using a city sponsored, tax-exempt municipal bond. Prior to this, he served as the Director of Tax for a privately held business in Denver, Colorado and assisted in structuring over 20 entrepreneurial ventures in oil and gas, ranching, ski resort operations, and aircraft leasing. He started his career in the Denver office of KPMG. Lee is a CPA currently licensed in Utah and Colorado. He holds a Bachelor of Science degree in Accounting from the University of Utah.
Marc brings over 20 years of financial leadership expertise and a passion for value optimization, with particular emphasis on planning and reporting organization performance. Marc has helped lead a number of venture capital and angel-backed international technology firms as CFO, Interim CFO, Sr. Consultant or Board member/adviser. He has directed multiple mergers and acquisitions, and has been instrumental in facilitating millions in equity and debt funding and deployment. Marc has held various accounting, tax and finance positions including Group Treasurer for a $1 billion international manufacturing organization. Marc has been a presenter, panelist and speaker at a variety of conferences and workshops. Marc speaks conversational Japanese, earned honors with a Bachelor of Science degree in Accounting and holds an MBA from the University of Utah.
Richard Fillmore has 35 years of operational and financial experience in commercial banking and in private sector finance. After seventeen years in commercial banking, Richard left the industry in 1990 to pursue a career in corporate financial management. During this time Richard served as CFO of a construction equipment retailer, as Vice President of Finance of an Internet based medical records retrieval service, and as controller for Business & Financial Solutions L.L.C. Richard currently serves as Controller/Consultant for Advanced CFO Solutions. Richard excels in the areas of operational policy implementation, personnel, accounting systems, controls for small to mid-sized organizations and financial modeling. Richard is a Certified Quick Books Pro advisor, and holds a Bachelor of Science degree in Finance from the University of Utah.
Jill J. Salter
Jill Salter has 24 years of experience in general accounting with specific experience as a controller and financial auditing. Jill specializes in inventory accounting and manufacturing. Throughout her career, she has been responsible for accounting, office operations, information systems, inventory design and implementation, general administration, human resources and payroll. Jill has experience in the design and management of office workflow, accounting, and inventory operations. She was instrumental in managing accounting operations for a manufacturing company that grew from $10 million in annual sales to over $25 million. Jill is a licensed Certified Public Accountant and holds a Bachelor of Science degree in Accounting and a Masters of Professional Accountancy from the University of Utah.
Casey has over ten years of management experience as a controller, CFO, or consultant. He has worked in various sectors including public accounting, education, distribution, manufacturing, MLM, retail, non-profit, automotive, and restaurant services. Casey also owned and managed construction and real-estate development businesses. Casey has implemented new accounting systems including MAS 500, SAP Business One, ComputerEase, Netsuite, and Quickbooks Enterprise. Casey has deep spreadsheet and database skills and is very capable with analytics and forecasting software programs such as Oracle Crystal Ball, SAS JMP statistical analysis, and derivatives modeling. Casey enjoys helping businesses streamline their accounting systems and find innovative solutions to the complexities of their business environment. Casey holds an MBA degree from the University of Pennsylvania’s Wharton School of Business with an emphasis in finance and a Masters of Accounting degree from BYU’s Marriott School of Management.
David Chase has 14 years in small to medium private companies and large public companies as a senior operational and financial leader. With 13 years experience in global finance, a CFO of multiple entities and divisional EVP experience, Dave brings a breadth of experience. Dave has led or been instrumental in raising multiple rounds of equity and debt in excess of $450 million. After earning an MBA from Brigham Young University, he launched his career in finance working 9 years for Honeywell International Inc in their Phoenix and New York offices. His roles at Honeywell included duties typical of his roles as a financial analyst, business manager, director of finance & operational CFO. Dave returned to Utah in 2007 as CFO, and ultimately the Consumer Division Executive VP, for a large private equity owned company in consumer products manufacturing and retailing before beginning to use his experiences to help Advanced CFO Solutions clients in 2011.
Randi Letendre has over 20 years of experience as CFO, controller, and Financial Analyst. She worked as an Auditor for Ernst & Young and has extensive experience in business consulting. She consults businesses on effective cash management, strategic financial planning, budgeting and forecasting, and loan funding. She is an expert in company formation, and due diligence for mergers and acquisitions. As a consultant for new companies her expertise in credit management, operations and financial analysis and statement generation are invaluable. She has experience in systems implementation and trains and mentors companies on strategic tax planning and tax preparation. She is on the board of directors for the Ogden Weber Convention and Visitor’s Bureau. Randi earned a Bachelor of Science degree in Business Economics from The University of California, Santa Barbara
Craig is an experienced financial executive with expertise in tax strategies and preparation. Craig has served as a financial executive and financial consultant for many businesses in several industries. He has worked with venture capital-backed companies as well as bootstrap funded developing companies. His experience includes positions as Director of State Taxes and Director of Tax Research and Planning at American Stores Company, a $19 billion company. He started his professional career with 10 years experience at Ernst and Whinney (Ernst and Young). He consults with businesses and individuals about income and other tax strategies. Craig received a Masters of Accountancy degree from Brigham Young University.
Francis A. Lyman
Francis Lyman has considerable experience as an outsourced CFO, providing a financial oversight and reporting role for some clients, and a full accounting and bookkeeping function for others. Francis’ consulting experience involves leveraging technology to build and implement custom information and accounting systems. His specialty is in finding creative solutions to manage the financial and non-financial data of a company. Francis is an expert at integrating information systems including front-end systems with accounting systems, or inventory systems with the general ledger. He is also an expert at automating routine and mundane accounting and reporting processes that are often done inefficiently, non-timely, inaccurately, and at high labor costs in most companies. Francis holds a Bachelor of Science degree in Accounting from the Brigham Young University.
Tommy E. Auger
Tommy Auger has over 17 years of financial accounting, operational and management experience for growth businesses. For the first 10 years of his career, Tommy worked in public accounting at the international firms of Deloitte, Andersen and KPMG where he provided businesses with accounting, financial statement audit and business consulting services. He has significant experience working with SEC registrants and required filings, including IPO and merger and acquisition. He has serviced mid to large sized public and private companies in the real estate, hospitality and entertainment, high-technology, trucking and professional service industries. His specific experience in the real estate industry includes working with homebuilders, land developers as well as golf course and property management companies. He graduated from Oklahoma City University with a Master’s of Science in Accounting and is a Certified Public Accountant. He is actively involved in the Utah Association of Certified Public Accounting (UACPA) and was instrumental in developing the Pronet Council, which helps accounting students throughout Utah.
Scott D. Boman
Scott Boman has over 30 years of experience in financial management and accounting. During his career Scott has worked in CFO/Controller roles in a variety of industries including 20 years in senior financial management roles with Convergys Corporation. During his time at Convergys Scott served as the Senior Finance Executive for the one of its fastest growing multinational divisions that saw revenue growth from $20 million to $300 million a year in a period of five years. In his various roles, he has spearheaded profit improvement initiatives that have produced millions in annualized savings, has worked to achieve increased operating margins during periods of declining revenues and downward pricing pressures, and has developed sophisticated pricing models and other financial reporting tools. His focus on key performance measures has helped insure that the companies he worked for were focusing on improved profits, financial accountability, and building shareholder value. During his career, Scott has implemented numerous accounting systems and has been involved in number of M&A projects.
Scott is an adjunct professor at both Weber State University and Webster University, where he has been teaching accounting for over 10 years. He also volunteers his time to serve on the Weber State Accounting Advisory Board and as a Board Member for the Salt Lake Art Center. Scott began his career with the Salt Lake City office of Haynie, Larson, and Gabrielson (currently Haynie and Company) in 1982. Scott has a Bachelor of Arts degree from Weber State University, an MBA from Utah State University, is a licensed Certified Public Accountant, and a Certified QuickBooks Pro Advisor.