Charles “Rique” Flato V
Charles “Rique” Flato is a director of Warren Whitney. Rique generally serves his clients in the role of controller or CFO. He has a consistent record with various companies, utilizing financial expertise to improve accounting practices and turn problematic business conditions into profitable operations. The primary businesses served include construction, retail, real estate, and service organizations.
Rique has broad experience in financial reporting in accordance with GAAP. He has been successful in developing appropriate internal accounting control systems and is also skilled at introducing and managing change while maintaining organizational relationships and management processes.
Prior to joining Warren Whitney, Rique was the controller for Fountainhead Development Group, a real estate development company. Rique played an integral role in helping to generate historic tax credits on development projects that the company owns and manages in Shockoe Slip, Shockoe Bottom, and Manchester areas of Richmond. Before joining Fountainhead, Rique was an independent business consultant to small- and medium-sized businesses. Services provided were similar to controllership and consulting services provided under the current Warren Whitney business model.
Rique also served as vice president and corporate treasurer for Fas Mart Convenience Stores, which operated 160 convenience stores in three states with annual revenues of approximately $200 million and 500 employees. During his tenure at Fas Mart, Rique was in charge of managing the accounting and financial record keeping with respect to the operating company, its affiliates, and related entities, including financial planning, budgeting, and profitability planning. In addition, he was responsible for the management of financial accounting systems and implementation of policies and procedures with respect to the control of cash and other elements of loss control. Responsibilities also included managing deposit and credit relationships with banks and for cash management and treasury operations.
Prior to joining Fas Mart, Rique was treasurer of Brooks Transfer and Storage Company and supervisor at McGladrey and Pullen, a national public accounting and consulting firm. During his five-year tenure at McGladrey, Rique supervised multiple audit teams led by senior auditors, revised audit documents to ensure proper compliance with GAAP, trained staff members in auditing procedures, and prepared and reviewed corporate, individual, proprietor, Sub-chapter S, and not-for-profit tax returns.
Education and Professional Associations:
Rique holds a BBA in Accounting from Sam Houston State University in Texas. Rique has served on the Board of Directors of Ducks Unlimited as treasurer, is a member of the West Richmond Businessman’s Association, Willow Oaks Country Club and is involved in many sports organizations in the Richmond community.