207 Wabash Avenue
Linwood, NJ 08221
President and General Manager with solid financial background and strong P&L
management. Took a struggling, privately held wastewater collection company, which
was operating on a manual basis with an old-fashioned journal system and typewriters,
to a stable, computerized, profitable and marketable utility with a Standard & Poor debt
rating of A+. I am a member of the Board of Directors and serve on the Executive
Committee of the Board. Key qualifications include:
Integrity and Credibility
Budgeting and Cost Controls
Financial Analysis and Operational Planning
Quality and Productivity Improvement
Bachelor of Science - Accounting - Indiana University of Pennsylvania, Indiana, PA
THE ATLANTIC CITY SEWERAGE CO., Atlantic City, NJ
President and General Manager 1990 to Present
Prepared rate relief petitions filed with the New Jersey Board of Public Utilities that
included testifying before the agency and coordinating the data and testimony of
outside consultants in addition to the daily administrative and financial duties
commonly associated with the position.
Evaluated three separate takeover attempts of the Company. Coordinated the true
value analysis of the Company's net worth with an outside consulting firm, and
personally negotiated the sale of two parcels of land for over $11 million.
Arranged the private placement of $17 million of tax-free bonds and negotiated the
refinancing of $1.5 million of high coupon bonds gaining the Company an S&P rating
Implemented new procedures and computerized all accounting and administrative
functions of the Company, inclusive of the utility billing system which encompasses
over 7,300 customers. The efficiency created by procuring an "in house" computer
system has led to an increase in the collection rate of accounts receivable as well as
an increased level of customer service.
Increased Company revenues by 207%, net income has increased by 308%, capital
assets have grown by 278% and equity has increased fivefold.
Negotiated all collective bargaining agreements with union employees resulting in a
favorable outcome for both employees and the Company.
Robert Fitzgerald Page 2
Supervised the maintenance aspect to the sanitary sewer system by developing and
implementing numerous preventive maintenance procedures, which have not only
saved considerable operational costs, but also led to increased system reliability.
EARLY POSITIONS: Vice President of Finance and Assistant Secretary (1985 to
1990) and General Office Manager (1984 to 1985)
DODGE FOUNDRY AND MACHINE CO., Philadelphia, PA
Controller 1978 to 1984
Supervised a staff of six persons in accounting, data processing and purchasing areas
for the Company that manufactured carbon and high alloy steel castings primarily used
in the valve and oil producing industries.
Handled complete set of books through general ledger and financials. Prepared all
fiscal year ending work papers and tax schedules for certification by an independent
Supervised union payroll of 200 people and salaried payroll of 50 people: Accounts
Receivable, Billing Collection, Accounts Payable and Stores.
Performed all purchasing functions including price and value analysis, researching
new projects and sources for cost stability, buying all supplies and materials.
Compiled all costs data annually as to compute departmental burden rates based on
Company projections of the market place rates used in pricing of all castings and
Prepared quarterly taxes, salesmen commissions, internal auditing and managed
$15 million in sales per year.
ENVIRONMENTAL TECTONICS CORP., Southampton, PA
Controller 1976 to 1978
Supervised 3 persons in accounting areas for a manufacturer of sterilizers and
environmental simulation devices.
Prepared set of books through general ledger, quarterly 10-Q, annual 10-K SEC
filings and fiscal year audit package.
Installed a standard cost system and departmental budgets.
Organized stores inventory and modified requisition and disbursement procedures.
Published annual stockholder report.
Accountant 1975 to 1976
Prepared monthly entries of cash receipts, cash disbursements and labor. Compiled
materials costing for complete bill of materials. During this costing project suggested
many improvements to plant operations resulting in promotion to Controller.
Robert Fitzgerald Page 3
Director - New Jersey Utility Association
Former Director - Greater Atlantic City Chamber of Commerce
Former Member - Atlantic City Economic Development Coordinating Council
New Jersey Utility Association - Tax & Accounting Committee
New Jersey Utility Association - Rates & Regulations Committee
Former Director - Boy Scouts of America, Atlantic County Council
Former Member - Rotary Club of Atlantic City
Former Trustee - Atlantic City Rotary Scholarship Fund