Ronald Parkinson

A partner for the strategic imperatives of business

Built a high performance finance team for a Hasbro startup that grew from $5 million to $250 million with offices in 5 countries in 3 years.  This required balancing hands-on strengths with strategic thinking and there could be no more fast paced environment.

Marshalls growing profitably from $600 million to over $3 billion while I served at different times as VP of Finance, Store Operations, Real Estate and Strategy.

Acquired- Atari, Microprose (public company) and other Consumer Software  companies, a $30 million manufacturer, 4 packages of retail stores including stores in Puerto Rico.
Sold-
an enterprise software company and a 386,000 square foot real estate portfolio.
 
Strategic Planning- Planned the $7 billion off-price retail industry consolidation that led to TJX acquiring Marshalls.
Developed Matshalls middle management by with cross-functional, teams to for Strategic Goals.
Metrics Based Budgets
- for a dashboard of performance at Marshalls created a data-driven management environment that I have applied at Hasbro, Transparent and Ames.

Strategic Plan- for geographic dominance strategy for Marshalls, doubling the number of new stores opened and increasing new store capital return rates.  

Cost Savings- 
saved $4.5 million by improving the control and audit of leases at Marshalls. Reduced cash burn by $2 million in one year at Transparent Language, a software publisher by changing the product release plan and tighter management.  Reduced inventory and expenses at Ames, a manufacturer paying off $4.5 million in bank debt within one year.
 
IPO-Transformed the financial reporting of Transparent Language to meet the GAAP reporting standards of a public company and prepared for an IPO.  Prepared the S-1 filing but not submitted due to the market collapse.

Bank Lines-
Negotiated $18 million loans for mid-sized company.  Monitored credit lines of hundreds of millions.