From Home Furnishing Business
IPO Veteran Joins IMC as CFO
William F. Lacey, a financial executive who's helped take two companies public, has joined home furnishings showroom operator International Market Centers as chief financial officer.
Lacey takes over the CFO position from Kathy Venezia, who has been with International Market Centers since the company's inception in May 2011. Venezia will stay with IMC through the end of the year to assist with Lacey's transition.
Lacey will provide day-to-day leadership to all aspects of the finance function across the organization, lead the development and monitoring of the budgeting process, the development and implementation of procedures and controls for accounting practices, as well as the collection, analysis and production of financial data for operating reports. He also is responsible for ensuring the proper accounting controls are in place to prepare the company to comply with all regulatory reporting requirements of a public company.
Lacey has more than 30 years of broad-based experience in public companies as well as private equity owned enterprises. He has led two companies through their IPO processes and has significant capital markets and transaction experience as well.
According to Karen Olsen, IMC vice president of marketing for home furnishings, an IPO is one of the possible future scenarios for IMC, so having this expertise in-house will be helpful should the need arise.
Most recently, Lacey was an executive vice president/CFO for GSE, a manufacturing company based in Houston, where he completed an initial public offering in February 2012.
Prior to that, he held the position of senior vice president/CFO for Animal Health, a leading distributor of animal health products. He also held senior financial positions with Rawlings, a sporting goods manufacturing and distribution company.
"We are very fortunate to have someone of Bill's professionalism and track record to lead a best-in-class financial organization at IMC," said Robert Maricich, CEO of International Market Centers. "We will look to his capabilities and leadership to actively manage our capital structure and lender relationships, in addition to optimizing operational performance based on strategic corporate objectives and market opportunities."
"I am thrilled to have the opportunity to join IMC's talented and capable team and be a part of a company that is well positioned in its respective industries and with incredible growth potential," said Lacey. "I look forward to working with our various stakeholders to add a dimension of deep financial rigor, insight and controls, which will translate into even greater operational value to IMC."