Group CFO
ACE Global Depository
Total years of experience :35 years, 8 Months
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)
Louis Dreyfus Commodities is a leading global merchandiser of commodities - US$63 billion (2013)
Responsible for implementing the finance strategy of LDC Group in Middle East and Africa:
-18 countries / 40 reporting units
-90 people in finance of which 20 in direct management
•Accounting & consolidation :
Monthly Consolidated P&L and Balance Sheet according to the Group guidelines
Implementation of accounting process through the region
Relationship with the external auditors
•Financial & business control :
Preparation of budgets, forecasts and cash flows
Daily/Weekly P&L analysis
Timely production of statutory and internal financial reports
Internal controls
Hedging policies
•Tax :
New business model implementation
Transfer pricing documentation
Monthly production and analysis of the Effective Tax Rate (ETR) of the region
Tax audits
SSI was a trading company in agro business sector - 10 subsidiaries in Africa & Asia - US$ 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.
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)
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
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
1990 - 1991 Head of reporting of the international division - Paris - France
1988 - 1990 Project analyst at Agence Française de Développement (AFD) - Abidjan - Ivory Coast
French financial institution for economic and social development in emerging countries
2002: CESA Finance - HEC Management - France
1988: Master in Finance IGIA - ESSEC - France
1987: MSc in Agronomy - Agronomic Engineer- ENSAIA - France - www.ensaia.inpl-nancy.fr