Chris Arndt
About Chris Arndt
Chris Arndt serves as the Chief Financial Officer at Hart Energy, where he has been instrumental in implementing operational strategies that significantly enhance efficiency and revenue generation. With extensive experience in restructuring and financial management, he has held various leadership roles across several prominent companies.
Work at Hart Energy
Chris Arndt has served as the Chief Financial Officer (CFO) at Hart Energy since 2016. In this role, he has focused on operational strategy, restructuring, and revenue generation. He has implemented a rolling forecast system that significantly reduced the month-end close process from 45 days to just 7 days. Arndt played a key role in the divestiture of Stratas Advisors, aligning with Hart Energy's strategic refocus. He also led the transition from print to digital media, achieving a 34% reduction in operating expenses and a 39% reduction in vendor costs. Under his leadership, Hart Energy experienced a 30% revenue increase, with a substantial portion contributing to improved EBITDA.
Education and Expertise
Chris Arndt holds a Master of Business Administration (M.B.A.) in International Finance from Georgia State University's J. Mack Robinson College of Business, where he studied from 1991 to 1993. He also earned a Bachelor's Degree in Political Science and Government from the University of North Carolina at Charlotte between 1987 and 1989. Arndt's educational background includes studies in Medical Sciences at Muhlenberg College from 1985 to 1987. His expertise encompasses operational strategy, restructuring, and revenue generation, supported by his extensive experience in finance and management.
Professional Background
Before joining Hart Energy, Chris Arndt held various significant positions in finance and management. He worked at PriceWaterhouseCoopers in the Investment Banking Group as a Senior Associate, focusing on restructuring, M&A, and crisis management. His experience also includes roles as Portfolio CFO/COO at Vertrue, VP Finance/CFO at Cox Automotive Inc., and Mergers and Acquisitions Manager at Scientific Atlanta (Cisco). Additionally, he served as a Restructuring Professional at Ernst & Young LLP / Macquarie Group and as Financial Officer at ChoicePoint (LexisNexis).
Achievements in Revenue Generation
At Hart Energy, Chris Arndt achieved a 30% increase in revenue, with 87% of this growth contributing to improved EBITDA. His strategic initiatives included developing and executing reseller agreements and modifying sales incentive plans to eliminate operational logjams and divest unprofitable business units. These efforts have positioned Hart Energy for sustained financial performance and operational efficiency.