Larry LaFranchi
Engineering graduate from UCLA, with MBA from MIT. Financial executive with extensive breadth and depth of experience serves in part-time CFO role for early-stage companies. Currently working as Independent Consultant.
| Headline: | Entrepreneur |
| Skills: | Business, Engineering, Leadership |
| Groups: | Ignite Clean Energy (ICE) |
| Interested in: | Brainstorming, Finding business partners, Finding cofounders, Finding team mates, Meeting new people, Professional opportunities, Promoting my startups, Recruiting for my startup |
| Schools: | Massachusetts Institute of Technology, University of California System - Los Angeles |
WORK EXPERIENCE
| Employer: | Various organizations |
| Position: | Independent Consultant |
| Time period: | December 2006 - Present |
| Description: | L-Squared Services, Winthrop, MA
CFO-level business consulting services to emerging companies for setting strategic direction and undertaking initiatives for business planning and development; provides hands-on accounting support, financial modeling and financial projections for inclusion in business plans among other projects and responsibilities on a part-time basis. MFA Risk Services, LLC, Tewksbury, MA Project team member engaged to improve financial reporting for a $500 million global private company with the direct responsibility to support the largest foreign subsidiary of the firm. |
| Employer: | Interaction Associates, Inc., Cambridge, MA |
| Position: | Chief Financial Officer |
| Time period: | December 2001 - November 2007 |
| Description: | Company provides consulting services and training programs to the corporate market for leadership development, facilitation skills, meeting management, and change management.
Scope – Responsible for directing and overseeing the company's overall financial functions including accounting, controls, audit, cash management, financial planning and reporting, budget and analysis, bank relations, all contract review, insurance, tax, and treasury. Other functional responsibilities include information technology, human resources, and facilities. Mission – Work collaboratively through the management team and others in key sales, delivery, and operations roles to ensure execution of predictable financial and operational plans that yield profitable results. Results – • Led financial performance that built book stock value by more than $88 per share. • Secured line of credit that reduced financing costs by more than 50%. • Ensured that pricing strategies and master service agreements support company success. • Led initiatives to reduce costs and improve process and systems. |
| Employer: | Solar Electric Light Company, Chevy Chase, MD |
| Position: | Vice President, Finance ; President |
| Time period: | December 1998 - November 2001 |
| Description: | Start-up Company developing the market for off-grid solar energy systems in India, Sri Lanka and Vietnam. Venture capital financing totaled $7.0 million.
President (2000-2001); hired as Vice President, Finance and then promoted to President. Vice President, Finance (1999-2000) Scope – Lead subsidiary operations; refine the business model; raise capital through Investors, lending institutions and development agencies. Mission – Drive the Company to profitability and high growth. Make presentations to investors and prepare supporting written communications and business plans. Secure appropriate sources of financing. Results – • Achieved annual revenue growth of 100% and profitability at the subsidiary level. • Company received more than $3.0 million of venture capital in 2001. • Led effort to secure debt financing from OPIC and IFC. • Created investment vehicle for CO2 emission offset funding. |
| Employer: | Various organizations |
| Position: | Independent Consultant |
| Time period: | December 1996 - November 1999 |
| Description: | Fidelity Investments, Boston, MA
Corporate Finance Department support for improved reporting of business unit performance. PCD INC., Peabody, MA Supported the acquisition of a leading supplier of test and burn-in sockets for semiconductors. |
| Employer: | Analog Devices, Inc., Norwood, MA |
| Position: | Work experience |
| Time period: | December 1975 - November 1997 |
| Description: | Global market leader for the design, manufacture and marketing of high performance semiconductors. ADI grew from $40 million to $1.2 billion in revenue during this period.
Foundry Procurement Manager, Worldwide Manufacturing (1996-1997) Responsible for worldwide purchasing functions including procurement for subcontract manufacturing. Logistics and Planning Manager, Wilmington Manufacturing (1993-1996) Managed the production planning process for site with revenue of $500 million during an explosive growth phase requiring an increase of output by 70%. Operations Controller, Semiconductor Division (1989-1993) Responsible for financial control and IT functions at $200 million division. Corporate Controller (1985-1989) Responsible for the corporate control and IT functions. Focus led to changes in the planning and performance measurement system and to major IT initiatives. Controller, Components Group (1976-1985) Responsible for financial, IT and purchasing functions at division and group level during period of profit growth at an annual rate of 34% and sales growth of 28% per year. |
| Employer: | Texas Instruments, Inc., Attleboro, MA |
| Position: | Control and Finance Manager, Metallurgical Materials Division |
| Time period: | December 1972 - November 1976 |
| Employer: | National Parks & Conservation Association, Washington, DC |
| Position: | Special Assistant to the President |
| Time period: | December 1970 - November 1973 |
EDUCATION
| University: | Massachusetts Institute of Technology |
| Time period: | 1971 |
| Degree: | MBA |
| University: | University of California System - Los Angeles |
| Degree: | Engineering, BSc |
Larry is Following (1)
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Clean Energy Innovations
The company develops control systems leading to substantial improvements in the charge and discharge characteristics of advanced batteries.
Larry's Contacts (3)
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Renee Fry
Operations and Logistics graduate from Pennsylvania State University, with MBA from Harvard. Currently working as consultant for various organizations.
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Helen Fairman
Cleantech strategic marketing and program development. Current projects include Co-Directing the New England Clean Energy Council Clean Energy Fellowship, the Governor's Clean Energy Challenge, and REBN (national). Also cleantech client B2B marketing
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Michael Hawes
Chemical engineer with Graduate diploma in Marketing. 25 years of successful track record in broad General Management roles, with focus on marketing and business development, across Asia, Pacific and US, now transitioning into clean tech.