John Giove – Principal, Montreal
John has 35 years of experience in finance and operations management. Recognized in the food industry as a turnaround expert and successful entrepreneur. He has held positions as CFO, CEO and COO over the last 25 years in the food industry and previous to this a career in public practice with a major accounting firm . John has completed requests for financing, government grants , expansion projects, preparation of public stock offerings and merger & acquisition files.
In 2002 John took on the reins and became shareholder of a Quebec based bottled sauce manufacturer in financial difficulty. With less than 15 employees and $ 4 million in sales , he grew the company to 75 employees with over $25 million in sales in less than 5 year. In 2007 John sold the Company to a well known public Company in Quebec for $20 million.
In 2009 John invested in another insolvent company in the pizza industry in the State of New York, with a capital injection of $2 million funded mostly by Canadian banks, at a time when the world economy was under financial crisis. Borrowing during the financial crisis was no easy task, but borrowing from a Canadian bank to finance a US Company in financial distress was an even bigger challenge. In December 2010 , after just 2 years, John sold the business for an enterprise value of $ 9 million USD to a major US pizza crust manufacturer.
Throughout his career, John has demonstrated expertise in human capital and he credits his success today to what he has coined the “Party Principal” . People are the number one reason a company will succeed or fail. If you want a good party, you invite the right people . If you want to build a good company…then hire the right people. .. That’s the Party Principal !
John holds a Bachelor of Commerce degree from Concordia and has his Chartered Accountant Designation (CPA, CA) since 1984. Nominated for Entrepreneur of the Year in 2006 by Ernst & Young .