PORTLAND – MaineToday Media has hired a new chief financial officer as part of the company’s ongoing effort to modernize accounting systems and bolster its executive leadership.
Patrick Sweeney, former CFO and chief operating officer at Portland-based real estate firm Eagle Point Cos., joined MaineToday on May 30.
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“We continue to fine-tune our organization and our executive team,” said MaineToday CEO Richard L. Connor in a statement. “Pat is yet another strong link in the building of that team, and like many other of our executives, loves Maine.”
MaineToday Media owns The Portland Press Herald/Maine Sunday Telegram and the daily and Sunday newspapers in Augusta and Waterville.
Sweeney, an executive with more than 30 years of financial, sales, marketing and operations experience, said his top priority is to make MaineToday’s finance division better able to provide financial data needed to manage the business.
“Fundamental systems need to be upgraded. We are processing transactions, and what we need to do is provide business information,” said Sweeney.
He said computer programs, some of them 20 years old, will be modernized within one quarter. New programs will be simpler, faster and more user-friendly.
MaineToday’s finance division needs to provide “better information faster,” he said.
Sweeney describes himself as a “change agent.”
Prior to joining MaineToday, he spent 2½ years helping transform Eagle Point Cos. from a real estate development company to a real estate management company.
Sweeney said the restructuring was driven by the housing market crash.
Earlier, he was vice president and managing director in North America for the Consumer Testing Services division of Geneva, Switzerland-based SGS, a testing and inspection firm.
He has also worked for Wellesley, Mass.-based Gemini Investors Ltd. and has held senior posts at Contact East, a supplies distributor to the semiconductor industry, commercial testing firm Intertek Testing and the development firm Waterville Co.
Sweeney has a master’s degree in accountancy from Bentley College Graduate School and a bachelor’s degree in economics from Colby College.
He lives in Waterville Valley, N.H., and keeps an apartment in Portland.
Staff Writer Jonathan Hemmerdinger can be contacted at 791-6316 or at:
jhemmerdinger@mainetoday.com
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