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- Strategic Planning
- Mergers & Acquisitions
- Cross-Functional Team Leadership
- Change Management
- Leadership Development
- Corporate Transformations
- Process Innovation
- Management Reporting Systems
- Internal Controls
University of Illinois
Patrick M. Worsham
Finance|Management Reporting Systems| M&A
Growing Sustainable and Profitable Companies that Employees Admire, Communities Cherish and Industries Follow
Pat is Partner and CFO of ProspEquity Capital Partners. He brings a wealth of knowledge, skills and experience to the firm and is a highly-admired executive. Pat is noted for his skills in developing world-class financial reporting systems and internal control structures, identifying and developing outstanding people, and leading effective, cross-functional teams. He has a passion to continually identify and act upon opportunities to make people, processes and systems more effective in adding value to the enterprise and identifying how each individual can contribute to value creation. Pat continuously explores ways to use his considerable professional network to add value to our constituencies.
Pat served in senior financial leadership positions during his 20-year career with The Coca-Cola Company. He was recruited by the company to direct the world-wide internal audit function and is credited with transforming this function into one considered “state of the art” and a primary source of financial leadership talent for the company. He authored Coca-Cola’s Code of Business Conduct and administered the business ethics program, reporting directly to the audit committee of the board of directors. Pat went on to become Vice President and Controller, responsible for the management and external financial reporting processes and systems, strategic planning processes, and operational and capital budgeting.
As Senior Vice President and CFO of Coca-Cola North America, Pat developed:
• a multi-year, billion-dollar co-investment program in cold drink sales equipment.
• a daily sales reporting system, necessitating the cooperation of 100 independent bottlers throughout the entire United States.
During his career with Coca-Cola, Pat served on the boards of directors of the French and German bottlers, led M&A activity exceeding $1 billion and was involved in what was then one of the largest IPOs in U.S. history when the company took its largest U.S. bottler public.
Pat began his career with Ernst & Young, progressing to Audit Manager with a variety of publicly traded and private clients in industries including fast moving consumer products, healthcare, construction and manufacturing. He then became CFO of a family-owned, middle market grower and distributor of fresh produce, where he re-financed the company’s debt and led the process to buy out a 50% shareowner.
Prior to joining ProspEquity Partners, Pat was a partner in three different professional services firms where he provided fractional and interim CFO services to middle market and publicly traded companies. Through these partnerships, he has also been on the board of advisors of two technology companies.
Pat has served on the board of advisors of the business schools at both the University of Illinois and Georgia State University. He was honored to be an executive in residence at the University of Illinois. He currently serves on Board of Fellows at the University of Tampa. He is a past board member of the Georgia Cystic Fibrosis Foundation and a member of the American Institute of CPAs and the Georgia Society of CPAs.