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Gary Hayes
Managing Director & Co-Founder- Scale Finance - Leader in Fractional based CFO support
Professional Background
Gary Hayes is a seasoned financial executive with an impressive 35-year career, showcasing his expertise particularly in the IT sector where he has dedicated over 24 years of his professional life. His comprehensive experience encompasses a variety of leadership roles, making him a noted figure in finance, technology, and business management. In 2008, he co-founded Scale Finance, where he took on the role of Chief Operations Officer and Managing Director. Scale Finance specializes in providing part-time Chief Financial Officer (CFO) and controller support for small to mid-sized companies. Additionally, the firm offers project-based financial advisory services for larger enterprises and transaction advisory support for raising capital. Under Gary's leadership, Scale Finance has successfully expanded its reach, currently serving over 100 clients across North Carolina, Washington D.C., and Florida, supported by a team of 42 skilled professionals. His strategic vision and commitment to fostering financial success for his clients have established Scale Finance as a leader in the industry.
Prior to founding Scale Finance, Gary Hayes held significant executive roles in various startups within the Research Triangle Park (RTP) area from 1999 to 2003, where he served as CFO, contributing to the growth and management of these burgeoning companies. Earlier in his career, he was the Vice President and Controller for a $250 million software and services firm based in Northern Virginia, gaining invaluable experience in financial operations, strategy, and corporate growth during a management buyout and subsequent Initial Public Offering (IPO).
Education and Achievements
Gary's educational background is rooted in finance and accounting, having earned both a Bachelor of Science in Accounting and a Master of Business Administration in Finance from the prestigious University of Maryland. This strong academic foundation has been instrumental in shaping his analytical skills and understanding of complex financial systems, which he has effectively applied throughout his career.
Beyond his executive roles, Gary has also played an active part in nurturing the next generation of entrepreneurs. He served as a coach for the 'Launching the Venture' program at the UNC Kenan-Flagler Business School, where he shared his wealth of knowledge and practical insights with aspiring business leaders. His involvement on the Board of Directors for the Council for Entrepreneurial Development (CED) further highlights his commitment to fostering innovation and entrepreneurship.
Key Achievements
Gary Hayes possesses a diverse skill set that includes expertise in venture and angel fundraising, mergers and acquisitions, sales compensation and planning, business forecasting, treasury and banking operations, facility management, systems implementation, and advising small businesses on growth strategies. His specialties position him as a well-rounded advisor capable of guiding companies through various financial landscapes.
Throughout his career, Gary Hayes has consistently demonstrated a deep understanding of the financial services sector, with a particular focus on enabling the growth of technology-oriented businesses. His successful tenure as CFO for companies such as Ateb and Koz.Com, as well as his leadership roles with Saga Plc. and Software AG, showcase his ability to drive financial success and support strategic initiatives in varied environments. Moreover, as the Director of Business Management at Martin Marietta Data Systems, he has honed his skills in managing complex business operations, ensuring that he remains at the forefront of industry trends and demands.
