Patina Adds Joseph F. Smorada as Practice Director - Finance and Restructuring
Tuesday, 15 February 2011 21:03

Patina Solutions, a unique professional services firm that provides seasoned executives and professionals on a flexible basis to help companies achieve their business objectives, announces that it has added Joseph F. Smorada as Practice Director - Finance and Restructuring.

Smorada will help the company secure and execute a wide range of finance and restructuring engagements including part-time and interim CFO engagements. In addition, he will assist in building Patina's portfolio of talented finance professionals who provide valuable expertise and leadership to organizations.

"A global finance and restructuring expert with significant operations and Board of Director/Audit Committee skills and accomplishments, Joe is an exceptional overall corporate professional," said Mike Harris, Founder and CEO of Patina Solutions. "With Joe's assistance, our highly skilled Finance and Restructuring Practice Professionals will make an impact on many programs at companies in our four markets and beyond."

Smorada has experience in many areas, including strategic planning, business development, IT, commercial banking and Wall Street relations, mergers, acquisitions, divestitures, audits, internal controls, SEC reporting, Program Management Offices (PMO's), and growth and profitability improvement programs. Further, he was a member of the Board of Directors and the Audit Committee expert for seven years at a NASDAQ traded company where he co-led its IPO.

"I joined Patina Solutions because I believe that the idea of giving both companies and individuals the opportunity to obtain or use skills and expertise on an as-needed or as-wanted basis is terrific," said Smorada. "I was impressed by the quality and professionalism of the people that I met at Patina, and I look forward to sharing the expertise of our Portfolio of Talent with our client companies."

Prior to joining Patina Solutions, Smorada was the Executive Vice President, CFO and Global Leader - Restructuring for JohnsonDiversey Inc., a $3.4 billion specialty chemical and solutions company, which is SEC registered with publicly traded bonds and does business in more than 175 countries.

Prior to his position with JohnsonDiversey Inc., Smorada was the Executive Vice President and CFO of Axel Johnson Inc., a $2.6 billion company with global business interests (public and private) in communications technology, energy, environmental, and other manufactured products and services. In this role, he directed an acquisition program and negotiated transactions which contributed to sales and growth from $600 million to $2.6 billion. Smorada also negotiated the sale of six unrelated subsidiaries, either non-strategic or having attained significant growth in value, yielding after-tax gains of $1.7 billion.

Prior to this, he was the Senior Vice President and CFO of Lone Star Industries, a $2.0 billion publicly traded international manufacturer of cement and other construction materials where, in concert with the CEO, he was responsible for the entire Chapter 11 process. Before Lone Star, Smorada was CFO of Conrac Corporation, a NYSE electronics and technology company. He began his career with Continental Can Company, where he rose to CFO of its International Operations.

Smorada has a B.A. degree in Economics, graduating with honors, and has completed Executive Management programs at Harvard, Wharton and Columbia University. In 2009, he was awarded the large company "CFO of the Year" by The Business Journal Serving Greater Milwaukee.

 

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