Barbara Crofts is a Partner in the Orange County office of Hardesty. When Loma Linda University Medical Center partnered with community physicians to construct a new 106 bed ($220 million) acute care general hospital in Murrieta, California, Barbara was engaged as the for-profit LLC’s Development Stage CFO, where she personally handled all aspects of accounting, financial reporting, treasury management, budgeting, and risk management until the 2011 opening. As CFO/Controller of a $150 million regional distributor of materials to the commercial building sector, she improved net income by over $500,000 through changes in treasury management and benefits administration. While serving as interim Accounting Manager for an investment firm managing assets exceeding $60 billion, she instituted process improvements that resulted in reduction by 15% in departmental costs. For a $12 million manufacturer of plumbing supplies, as CFO she devised and implemented the plan to move production offshore, thereby restoring the business to profitable operations. While Interim Controller of a 120-location Jiffy Lube franchisee with $50 million revenue, she reduced the financial close cycle time by 75%. As controller of a multi-division $50mm manufacturing company, she fully implemented within 60 days a new Ross ERP general ledger, A/R and A/P. In the role of Interim Financial Reporting Director for $40 million Medical Device client, she transitioned the entity through a merger from filing with the SEC as a foreign private issuer to its first US domestic report, including translation and reporting of stock options into US currency.
Barbara holds MBA degrees from both Thunderbird School of Global Management and USC Marshall School of Business, and a Bachelor of Arts in International Relations from the University of Southern California.