Patrick Walters

Biography

Mr. Walters is a hands-on senior executive with over 25 years experience in finance, accounting and operations of small to medium size companies in a wide range of industries.  Since 2001, Patrick has been the President of the Group1, LLC, an advisory firm specializing in small to medium size companies in need of infrastructure and financial restructuring. Patrick usually assumes the Chief Operating Officer or Chief Financial Officer position of these companies and creates disciplined professional management systems to support the success of the company. From 2005-2007, Patrick was Executive Vice President Finance and Operations for a Shamrock Holdings portfolio company in the luxury magazine publishing business with a national network of 12 city luxury magazines and 13 other publications.  During this period, he was instrumental in creating the financial structure that increased the valuation of the company from $54 million to $235 million through the sale of the company to an investor group. His other client assignments have included reorganizing the family operations of a Forbes 400 company; structuring an Internet radio station’s sales department; setting the business strategy for an Internet global youth portal; reorganizing the infrastructure of an entertainment company; setting up a business lending operation at a financial institution;  setting up the reporting structure of a production company; and keeping a global trade association from closing down due to lack of controls over cash and expenditures.  Patrick was employed by Sony Pictures Inc. from 1984 to 2000, holding senior executive positions. His last title was Senior Vice President, Operations, Worldwide Marketing for Sony Pictures Inc.   Patrick started his business career at Deloitte and Touche in Los Angeles and earned his Certified Public Accounting license while in their employ.  He is a graduate from California State University – Northridge with a B.A. degree in Economics with a minor in Accounting

Research Interest

 Finance, accounting and operations