About David Johnston CFO
Former CFO David Johnston currently serves as the principal of dbj Consulting LLC, a firm that advises and provides fractional CFO services to companies in the life sciences. Johnston was a chief financial officer for several Massachusetts-based biotech and life sciences firms.
Present Situation
In 2019, Johnston established dbj Consulting LLC. Johnston spent over thirty years as a chief financial officer before starting his firm to help emerging life sciences businesses that lack the resources to hire a full-time CFO. Many of his customers are small, virtual businesses with ten or fewer employees. His company offers its clients the services of a seasoned CFO on a fractional, part-time basis. His wealth of experience allows him to formulate and execute strategies quickly and effectively.
Johnston thinks it's good for everyone involved when startups have part-time C-suite executives. He can strike a better work-life balance now that he has a consulting business and is a fractional chief financial officer for several companies. It protects him from burnout and makes him healthier and more productive. It keeps him interested because he gets to try new things.
When it comes to finance, small, up-and-coming biotech companies can greatly benefit from having a chief financial officer (CFO) on staff. Chief Financial Officers (CFOs) also have the potential to improve the firm's stability and transparency. CFOs working part-time for businesses are typically paid an hourly or flat rate for the time they put in. Part-time chief financial officers (CFOs) can save businesses money compared to full-time CFOs because they are paid only for their work time.
The Chief Financial Officer (CFO) of a biotechnology company is responsible for a wide range of tasks, including but not limited to securing capital, managing grants, preparing financial reports and budgets, ensuring regulatory compliance, and mapping out the company's strategic future direction. When cash flow is particularly important, CFOs may take on the CEO role.
Even though they have Chief Financial Officers, some of his clients still hire him because of the strategic counsel he provides. He thinks entrepreneurs can succeed by combining humor and professionalism.
Words on Paper
In addition to his work in biotechnology and finance, As a former CFO, David Johnston is an active blogger and author. Among the many online business and medical publications that have published his work are Medium, Tumblr, the Buckeye Business Review, DrBioScience, and others.
Since 1998, Johnston has held various executive-level finance positions in the life sciences industry. At Genzyme, he served as senior vice president of corporate finance, corporate planning, and analysis for his first life sciences financial sector job. This biotech firm was founded in Cambridge, Massachusetts, and was later acquired by the Paris-based pharmaceutical and healthcare conglomerate Sanofi. Following his time at Genzyme, Johnston worked as the chief financial officer for two multinational corporations headquartered in Boston, researching cancer drugs.
He has worked as a finance professional for various businesses in different sectors before reaching the executive level at a biotech firm.
For his financial and strategic insight, he has received numerous accolades.
Competence and Expertise
When advising dbj Consulting's clients, Johnston uses his extensive background. He has experience in the following:
Education
Former CFO David Johnston attended Washington and Lee University in Lexington, Virginia, and graduated with a bachelor's degree in science. He attended the University of Michigan in Ann Arbor and graduated with an MBA from the Stephen M. Ross School of Business.
Volunteer Work and Philanthropy
Johnston contributes his knowledge of finance and strategy to several different charity boards. For instance, he once held a position on the RAW ArtWorks board of directors. RAW Artworks is a youth arts organization in Lynn, Massachusetts, that provides free classes and workshops in various art forms. Johnston has also been an executive for the largest ocular tissue bank in the world, Tissue Banks International Inc.
Recreational Interests and Pastimes
Johnston enjoys books very much. The Oregon Trail: A New American Journey by Rinker Buck is one of his all-time favorite books. It's not just that the book's tales of the Oregon Trail on a mule-drawn wagon are fascinating; its advice to would-be biotech business owners is just as sound. The book details the two hikers' efforts to overcome obstacles and maintain their focus on the trail's end.
Johnston and his family make their home in the Boston suburb of Marblehead, Massachusetts.
Present Situation
In 2019, Johnston established dbj Consulting LLC. Johnston spent over thirty years as a chief financial officer before starting his firm to help emerging life sciences businesses that lack the resources to hire a full-time CFO. Many of his customers are small, virtual businesses with ten or fewer employees. His company offers its clients the services of a seasoned CFO on a fractional, part-time basis. His wealth of experience allows him to formulate and execute strategies quickly and effectively.
Johnston thinks it's good for everyone involved when startups have part-time C-suite executives. He can strike a better work-life balance now that he has a consulting business and is a fractional chief financial officer for several companies. It protects him from burnout and makes him healthier and more productive. It keeps him interested because he gets to try new things.
When it comes to finance, small, up-and-coming biotech companies can greatly benefit from having a chief financial officer (CFO) on staff. Chief Financial Officers (CFOs) also have the potential to improve the firm's stability and transparency. CFOs working part-time for businesses are typically paid an hourly or flat rate for the time they put in. Part-time chief financial officers (CFOs) can save businesses money compared to full-time CFOs because they are paid only for their work time.
The Chief Financial Officer (CFO) of a biotechnology company is responsible for a wide range of tasks, including but not limited to securing capital, managing grants, preparing financial reports and budgets, ensuring regulatory compliance, and mapping out the company's strategic future direction. When cash flow is particularly important, CFOs may take on the CEO role.
Even though they have Chief Financial Officers, some of his clients still hire him because of the strategic counsel he provides. He thinks entrepreneurs can succeed by combining humor and professionalism.
Words on Paper
In addition to his work in biotechnology and finance, As a former CFO, David Johnston is an active blogger and author. Among the many online business and medical publications that have published his work are Medium, Tumblr, the Buckeye Business Review, DrBioScience, and others.
Since 1998, Johnston has held various executive-level finance positions in the life sciences industry. At Genzyme, he served as senior vice president of corporate finance, corporate planning, and analysis for his first life sciences financial sector job. This biotech firm was founded in Cambridge, Massachusetts, and was later acquired by the Paris-based pharmaceutical and healthcare conglomerate Sanofi. Following his time at Genzyme, Johnston worked as the chief financial officer for two multinational corporations headquartered in Boston, researching cancer drugs.
He has worked as a finance professional for various businesses in different sectors before reaching the executive level at a biotech firm.
For his financial and strategic insight, he has received numerous accolades.
Competence and Expertise
When advising dbj Consulting's clients, Johnston uses his extensive background. He has experience in the following:
- Leading Initial Public Offerings
- Creative, non-dilutive royalty financing
- Advising companies on strategic stock buy and sell solutions
- Managing SEC reporting and financial analysis
- Investor relations
- Corporate finance
- Strategic planning and the setting of Key Performance Indicators (KPIs)
- Financial modeling
- Mergers and acquisitions
- Advising startups on how to raise funding and plan their financial future
- Corporate development
- Financial analysis
- Acquisition integration
- Revenue recognition
- Due diligence
- The Sarbanes-Oxley Act
- Developing and rethinking capital allocation strategies
- Improving operational efficiencies by analyzing bottlenecks
- Helping companies use financial data to make decisions
Education
Former CFO David Johnston attended Washington and Lee University in Lexington, Virginia, and graduated with a bachelor's degree in science. He attended the University of Michigan in Ann Arbor and graduated with an MBA from the Stephen M. Ross School of Business.
Volunteer Work and Philanthropy
Johnston contributes his knowledge of finance and strategy to several different charity boards. For instance, he once held a position on the RAW ArtWorks board of directors. RAW Artworks is a youth arts organization in Lynn, Massachusetts, that provides free classes and workshops in various art forms. Johnston has also been an executive for the largest ocular tissue bank in the world, Tissue Banks International Inc.
Recreational Interests and Pastimes
Johnston enjoys books very much. The Oregon Trail: A New American Journey by Rinker Buck is one of his all-time favorite books. It's not just that the book's tales of the Oregon Trail on a mule-drawn wagon are fascinating; its advice to would-be biotech business owners is just as sound. The book details the two hikers' efforts to overcome obstacles and maintain their focus on the trail's end.
Johnston and his family make their home in the Boston suburb of Marblehead, Massachusetts.
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