661: Finding Your Finance Port of Entry | Dan Stokely, CFO, Ampio Pharmaceuticals

Thinking back to his days as a charter boat captain off the coast of Point Loma, San Diego, Dan Stokely marvels at the responsibilities that he shouldered as a young adult. Serving a mix of customers, Stokely would routinely welcome on board groups of small business owners, executives, and doctors before setting off to sea on 3- to 15-day jaunts. “Whether it was dealing with people experiencing some kind of medical emergency at sea, or really rough weather, or mechanical failures—you just had to be on top of your game all the time,” recalls Stokely, who says that the experience forever shaped his mind-set when it comes to taking on challenges. Initially, Stokely had set his sights on acquiring equity in a boat, but conversations with different customers piqued his interest in business and led him to begin a college career alongside his sea captain vocation. Upon graduation, Stokely feared that the lack of an accounting internship on his oceangoing resume might lessen the odds of him landing a job with a big-name accounting house. However, Stokely says, the partner in charge of Deloitte’s San Diego office at the time hired him after summing up the college grad’s seafaring days this way: “You had to make quick decisions, and very often with not a lot of information. And you had to live with the outcome.” Another factor that no doubt contributed to Stokely quickly finding his groove in the accounting and finance realm was that he was accustomed to having gray-haired customers turning to him for answers, a qualification that few hiring officers would likely miss. Such conditioning perhaps served him well at Sithe Energies, where he was hired as a financial analyst inside one of the firm’s divisions but within weeks found himself working alongside the company’s CFO as they mapped out an aggressive acquisition strategy involving the medical waste industry. This led to Stokely crisscrossing the county to meet and consult with the owners of different medical waste firms being targeted. Says Stokely: “This might have scared a lot of people. But with my fishing background and having taken some risks before, I knew how to manage it.” As it turned out, the company would acquire nearly 12 new firms over a 3-year period and reformulate its division known as Recovery Corp. of America. – Jack Sweeney Signup for our Newsletter