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Scott Mayfield

VP of Finance and Administration at Alucent Biomedical, Inc.

Professional Background

Scott Mayfield is an accomplished business manager and finance and accounting executive with a remarkable track record of success in building companies from the ground up. His expertise lies in creating and enhancing value in organizations, attracting capital and top talent, and effectively positioning technology and products to drive significant revenue and profitability. With considerable experience in guiding high-tech products within the life sciences, IT service solutions, and consumer products sectors, Scott has played a pivotal role in contributing to several highly successful companies that have caught the attention of Fortune 500 acquirers.

Scott’s leadership capabilities extend across total financial, accounting, and administrative functions, along with broader operational management. His proficiencies encompass financial planning and analysis (FP&A), funding, financial reporting, mergers and acquisitions (M&A), as well as transaction transitioning and integration. Armed with a deep understanding of management reporting and effective communication mechanisms, Scott ensures seamless connections between companies, their employees, boards of directors, and investors.

Scott is driven by a passion for operational efficiency, clarity in communication, and the dedication to making a positive impact on customers, partners, employees, stakeholders, and, importantly, on the organizations' bottom lines. His commitment to enhancing return on investment and enterprise value creation profoundly resonates in all his professional endeavors.

Education and Achievements

Scott’s educational background is impressive, showcasing his dedication to the fields of finance and management. He earned his MBA with a specialization in Finance and Management from the renowned David Eccles School of Business at the University of Utah. Scott also holds a degree in Business and Engineering from the Utah State University’s Jon M. Huntsman School of Business, equipping him with a solid foundation in both business principles and technical skills.

Throughout his career, Scott has held numerous prominent positions, illustrating his versatility and willingness to take on challenges. Currently, he serves as the Vice President of Finance and Administration at Alucent Biomedical, Inc., a role that underscores his expertise in managing the financial health of innovative companies in the biomedical sector. His previous role as VP and Financial Officer at Techna Glass Inc. allowed him to leverage his financial acumen in a fast-paced environment, further solidifying his reputation as a leader in finance management.

Scott has also contributed as the Director of Finance at Perseon Corporation, where he played a vital role in steering the company's financial strategies. His tenure as Chief Financial Officer at Larada Sciences, Inc. is marked by significant achievements that helped the organization reach new heights in its financial performance. Moreover, Scott's experience as Interim Chief Financial Officer at Platinum Protection, LLC demonstrates his adaptability and leadership during challenging transitions.

In addition to his corporate roles, Scott has shared his knowledge as an Adjunct Professor at LDS Business College, imparting his expertise to the next generation of business leaders. His various roles across different organizations, including VP and Financial Officer positions at Dymicron, Inc., Aradyme, and financial officer roles at notable companies like Boston Scientific/Catheter Innovations/BMW Medical and InnerDyne, Inc. have equipped him with a vast skill set in corporate finance and governance.

Notable Achievements

Scott Mayfield’s noteworthy accomplishments are evident in his specialties, which include a wide array of financial and operational skills:

  • Financial Reporting & Analysis: Scott has consistently ensured accurate and timely financial reporting, aligning organizational objectives with stakeholder expectations.
  • FP&A/Budgeting: His ability to perform detailed financial planning and analysis enables companies to maintain sound financial health and allocate resources effectively.
  • Audit Preparation and Coordination: With extensive experience in audit procedures, Scott has successfully navigated audit preparations, ensuring compliance with regulatory standards.
  • SEC Reporting/Compliance: His comprehensive knowledge of SEC reporting requirements has positioned the companies he has served favorably in the public arena.
  • SOX Implementation/Compliance: Scott has played a crucial role in implementing and maintaining compliance with the Sarbanes-Oxley Act, facilitating accountability and transparency in financial practices.
  • Public & Private Offerings/Fund Raising: His expertise in fundraising and capital acquisition greatly contributes to the growth potential and expansion opportunities of the organizations he supports.
  • M&A/Business Valuation: Scott’s deep understanding of mergers and acquisitions aids in determining business valuations, a vital component in strategic growth planning.
  • Corporate Governance: His focus on corporate governance ensures that organizational practices align with legal requirements and ethical standards.
  • Lender/Bank Negotiations & Relations: With a knack for building and maintaining lender relations, Scott secures favorable lending terms for organizations.
  • ERP Systems Evaluation/Procurement/Installation: His insights into ERP systems enhance operational efficiencies and support scalable growth.
  • Investor and Public Relations: Scott’s effective communication strategies engage both public and private investors, allowing for stronger relationships and better stakeholder confidence.

In every role, Scott has demonstrated a strong commitment to enhancing operational excellence and driving profitability through effective financial management. His career is a testament to his dynamic skill set and ability to navigate the complexities of finance and corporate operations with precision and foresight.

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Location

South Jordan, Utah, United States