CFO Enterprise Firm Leadership

Philip is an innovative business leader with over 30 years experience in the business planning, management and operations of various types of entities in the manufacturing, processing and distribution of both consumable and durable goods and services.   Accomplished in strategic business planning together with formulating and executing tactical day-to-day solutions, Philip is skilled in accounting, auditing, cash flow management, acquisitions, divestitures, finance, expense control, financial reporting and operational metrics analysis.  In addition, he has significant experience in the operations of both privately-held and public entities during periods of rapid expansion and restructuring.  Philip is a creative executive with public accounting experience both as a consultant and auditor.  He has a proven record of proactive leadership in highly competitive and cyclical businesses and teaching experience as an adjunct professor of accounting.

From 2000 to 2010, Philip was Chief Financial Officer for Denman & Davis, a privately-held processor and distributor of carbon and stainless steel products with revenues of $50 million generated from 3 facilities in the northeast United States.  He was also a member of the Executive Committee and the Board of Directors.  He was responsible for all accounting, finance and administrative functions including IT, HR, budgeting, credit, e-commerce, banking relationships and customer requirements management.  He helped develop and implement a cost reduction and business re-structuring program and was responsible for obtaining, implementing and maintaining several asset-based lending facilities.

Prior to this, Mr. Carnevale held various officer and management positions for several entities ranging from a privately owned regional processor of ferrous and non-ferrous metals and nickel based alloys serving markets principally in Europe and the Far East, a privately owned manufacturer of plastic and paper bags, and a publicly traded entity with operations in 30 states that had industrial uniform rental, garment manufacturing, security services and commercial cleaning business activities.  He also helped develop a regional chain of retail dry-cleaning establishments in the Southeast.  This diverse range of career experience has provided Mr. Carnevale with a broad knowledge of what it takes to be successful in today’s demanding business environment.      

Mr. Carnevale began his career at Touche Ross & Co., one of the Big Eight public accounting firms at the time where he was a member of their Audit department and Computer Auditing Implementation team.  He worked on the audits and consulting engagements for clients in a diverse range of business activities including insurance, manufacturing, processing and distribution both in the public and private sectors.  He ended his career in public accounting after being promoted to the position of Supervisor, when he accepted the position of Controller at one of his audit clients.

Mr. Carnevale is a graduate of Seton Hall University.  He obtained a B.S. degree in accounting, an MBA in finance and a Certificate in International Business.  He is a past president of the New Jersey Chapter of the Institute of Scrap Recycling Industries, a past chairman of this industry trade association’s legislative committee and a member of its national board of directors.  He is also a past adjunct professor of accounting at Montclair State University, Montclair, New Jersey.  Mr. Carnevale is a CPA certified in New Jersey and currently holds an inactive license.