CHALFONT, Pa., March 14, 2005 (PRIMEZONE) -- Jeffrey M. Gilmore, president of GFO Consulting, LLC announced today the addition of long-time finance executive and acquisitions specialist Paul A. DeJuliis a member of the Chalfont-based financial support services company. DeJuliis will be responsible for Turnaround Management Services and brings a track record of success as a CEO with a number of area companies plus experience in both domestic and international markets.
"It is not every day that we are fortunate enough to get a man of Paul's diverse abilities and level of achievement," Gilmore stated. "Over the past 25 years, Paul's hallmark has been to lead companies, large and small, successfully through periods of transition. He always makes a company better because of his contributions and presence.
"With our stated goal to develop recognition in the Philadelphia region as the premier provider of controller and CFO services to privately held businesses, Paul's extraordinary knowledge of many of the key players is a critical advantage."
Before joining GFO Consulting, DeJuliis served as the interim COO for two trucking companies, Mystic Transportation, Inc. in Astoria, NY and Penn Tank Lines, Inc. in Lionville, PA. With both companies undergoing successful business reorganizations, his duties included closing unprofitable terminals, renegotiating labor agreements, improving customer rates, restructuring debt and streamlining information and reporting processes.
From 1998-2003, DeJuliis was CEO for Polychem Corporation in Phoenixville, PA where he led a turnaround effort that righted an ailing company and resulted in a 66% increase in sales. He had assumed this position after spending five years as the CEO of an investment holding company in West Conshohocken, PA where he piloted the operation during a highly successful acquisition phase that netted over $100 million in revenues.
DeJuliis is a CPA who holds a BS in Finance and Accounting from the University of Delaware in Newark and also did graduate work at the University of California, Berkeley.