CHRISTOPHE LECHARNY, Group CFO

CHRISTOPHE LECHARNY

Group CFO

ACE Global Depository

Location
United Arab Emirates - Dubai
Education
High school or equivalent, CESA Finance
Experience
35 years, 8 Months

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Work Experience

Total years of experience :35 years, 8 Months

Group CFO at ACE Global Depository
  • United Arab Emirates - Dubai
  • My current job since August 2014

Collateral Management, Inspection and Supervision, Operational Risk Management Services in Commodity business - Structured Trade Finance Commodity - US$25 million

Responsible for developing and managing the Group:
- 27 countries
- 900 people

Restructuration of all the Group finance department (40 people in finance)

Regional CFO Middle East & Africa at LOUIS DREYFUS COMMODITIES
  • United Arab Emirates - Dubai
  • September 2011 to July 2014

Louis Dreyfus Commodities is a leading global merchandiser of commodities - US$63 billion (2013)

Responsible for implementing the finance strategy of LDC Group in Middle East and Africa:

-18 countries / 40 reporting units
-90 people in finance of which 20 in direct management

•Accounting & consolidation :

Monthly Consolidated P&L and Balance Sheet according to the Group guidelines
Implementation of accounting process through the region
Relationship with the external auditors

•Financial & business control :

Preparation of budgets, forecasts and cash flows
Daily/Weekly P&L analysis
Timely production of statutory and internal financial reports
Internal controls
Hedging policies

•Tax :

New business model implementation
Transfer pricing documentation
Monthly production and analysis of the Effective Tax Rate (ETR) of the region
Tax audits

Group CFO at SSI – Paris - France
  • France
  • January 2002 to December 2010

SSI was a trading company in agro business sector - 10 subsidiaries in Africa & Asia - US$ 400 million

Member of the Executive Committee - Director of the subsidiaries

• Accounting and financial management:
Responsible for the accounting, reporting and consolidation
Coordination and preparation of the annual budget and the business plan
Management and optimization of the working capital
Relationship with the legal auditors (Deloitte)

• Bank relationship, treasury management & financings:
Bank relationship (20 banks - US$100 million of facilities)
Management and optimization of the treasury
Foreign exchange management (buy/sell of US$150 million / year)

• M&A
Development of new subsidiaries (Angola, Ghana, Senegal) - Equity requirements / business plans
Sale of 3 companies in Vietnam for US$ 100 million (2007 /2008)
LBO process (2008)
Active participation in the sale of SSI Group (in coordination with advisors : pwc, kpmg, Rotschild Finance) : financial and legal due diligences, management presentation, assessment (2009 / 2010)


•Project manager : implementation of a new software (ERP) : JD Edwards (Oracle)

•Human resources :

Development and management of the human resource department
Design and implementation of the payroll, training policy and procedures (i.e. status of the expatriates)

In January 2011, SSI was bought by Louis Dreyfus Commodities. During the first months of 2011, my main task was to work on the financial integration of SSI Group in Louis Dreyfus Commodities Group. This integration was a full success.

Country CFO at HoChiMinh - Vietnam
  • Vietnam
  • January 1998 to January 2002

1998 - 2002 Country CFO - HoChiMinh - Vietnam
Vietnamese subsidiaries of the Group:
Proconco: Animal feed - 1 million MT - 4 factories - US$ 100 million
Baconco: Fertilisers - 0, 3 million MT - 1 factory - US$ 30 million
Baria Serece - One of the main port in the south of Vietnam - 3 million MT - US$ 10 million

In charge of the financing policy
Interlocutor of the local and international banks
Management of the treasury and FX exposure
Implementation of the industrial management control
Implementation and supervision of the budget and business plan process
Management of the finance team and supervision of the accountings (20 persons)
In charge of the relationship with the auditors (pwc)

General Manager at La Reunion Island
  • France
  • January 1996 to January 1998

1996 - 1998 General Manager - Prodis - La Reunion Island
Agro business - Distribution Company - 30 persons - US$ 15 million

Development and management of a store network for agricultural products

Finance Manager at La Reunion Island
  • France
  • January 1991 to January 1996

1991 - 1996 Finance Manager - Proval - La Reunion Island
Animal feed factory - 60 k MT - US$ 30 million

Finance strategy of the company
Accounting, Reporting, Budget
Treasury management and financings

Head of reporting of the international division at La Reunion Island
  • France
  • January 1990 to January 1991

1990 - 1991 Head of reporting of the international division - Paris - France

Project analyst at Agence Française de Développement (AFD) at Ivory Coast
  • January 1988 to January 1990

1988 - 1990 Project analyst at Agence Française de Développement (AFD) - Abidjan - Ivory Coast
French financial institution for economic and social development in emerging countries

Education

High school or equivalent, CESA Finance
  • at HEC
  • January 2002

2002: CESA Finance - HEC Management - France

Master's degree, Finance IGIA
  • at ESSEC
  • January 1988

1988: Master in Finance IGIA - ESSEC - France

Master's degree, Agronomy
  • at ENSAIA
  • January 1987

1987: MSc in Agronomy - Agronomic Engineer- ENSAIA - France - www.ensaia.inpl-nancy.fr

Specialties & Skills

ACCOUNTING
FINANCE
FINANCIAL MANAGEMENT
FOREIGN EXCHANGE
TREASURY MANAGEMENT
STRUCTURE TRADE FINANCE COMMODITY

Languages

English
Expert
French
Expert
Spanish
Expert

Hobbies

  • Golf / Stock exchange trading / Books / Comics Travels (Middle East / Asia / Africa and America)