Michael Hare, CFO

Professional Overview

Michael Hare is an accomplished finance executive with over 30 years of experience in the retail industry. As the Chief Financial Officer (CFO) at Boyds Philadelphia, he is responsible for overseeing the company's financial strategy, reporting, and operations, contributing significantly to its long-term growth and profitability.

Experience Summary

Current Role

As the CFO of Boyds Philadelphia since 1990, Michael has been instrumental in steering the company's financial direction. He is accountable for financial planning, budgeting, and reporting, ensuring the organization maintains a strong financial position and effectively allocates resources to support its strategic objectives. Under his leadership, Boyds Philadelphia has achieved consistent revenue growth and improved operational efficiency.

Career Progression

Prior to his role at Boyds Philadelphia, Michael served as the Senior Vice President and Treasurer at Barneys New York from 1970 to 1989. In this position, he was responsible for managing the company's treasury operations, including cash flow management, banking relationships, and investment strategies. During his tenure, he played a key role in the company's expansion and financial stability.

Academic Background

Michael holds a Bachelor's degree in Accounting from the University of Pennsylvania, where he graduated with honors.

Areas of Expertise

Michael's expertise lies in financial management, strategic planning, and operational optimization. He has a deep understanding of the retail industry and a proven track record of implementing innovative financial solutions to drive business growth. His strong analytical skills, coupled with his ability to effectively communicate financial information to cross-functional teams, make him a valuable asset to Boyds Philadelphia.

Professional Impact

Throughout his career, Michael has been recognized for his contributions to the finance and retail sectors. He has been an active participant in industry events, sharing his insights and best practices with peers. Additionally, Michael has served on the advisory board of the National Retail Federation, providing valuable guidance on financial and regulatory matters affecting the industry.

Conclusion

With his extensive experience, strategic vision, and financial acumen, Michael Hare is a respected leader in the retail industry. As the CFO of Boyds Philadelphia, he continues to play a pivotal role in the company's success, driving financial stability and enabling the organization to navigate the ever-evolving market landscape.