Chief Financial Officer
UTS Carrier
Total des années d'expérience :39 years, 0 Mois
CFO - UTS Carrier - U.A.E. (JV with United Technologies)
Distribution and maintenance of air conditioning equipment Building automation and energy services for the building lifecycle
Sales = $ 220 M
• Strong partnership with Sales organization to help grow business by 30%
over 3 years (2013-2015)
• Outsourced non-value add finance roles (Accounts Payable) to gain efficiencies and cut costs (-15%)
• Managed the debt;equity ratio to acceptable levels by revising dividend distribution policy
• Increased banking relationships (3 to 5) substituting partner funding
• Implemented business line P & L segmentation including measurable balance sheet KPIs allowing differentiated business line incentive plans
• Led the Finance SAP upgrade implementation team and managed the overall costs ($ 2.5 M) within budget
Involved in all strategic, financial, legal, and, operational aspects of setting up a retail business in the U.A.E.
CFO - Majid Al Futtaim Ventures - U.A.E.
Major Middle-East/North Africa regional player in Shopping Mall/Mixed-Use Development, Retail (Carrefour), Leisure/Entertainment (Ski Dubai/Magic Planet/PlayNation/VOX)
Sales $ 275 M (Leisure/Entertainment division)
• Worked on key strategic projects to help turnaround (Fashion) or grow businesses (Cinemas, Leisure)
• Opened 12 Fashion stores (closed 30), 40 Cinema screens, and, 2 leisure zones
• Launched new businesses (Financial services including a credit card, a candy concept, a clinic)
• Build up the Finance function as the company was growing and in weak financial health as well as having a severely compromised control environment. Introduced management reporting systems, built up the Risk Management and IT functions, initiated projects such as the revamp of Policies and Procedures throughout the businesses
• During my tenure revenues grew more than 60% with EBITDA margins growing from 13% to 18%
Regional Finance role
WW Products and Marketing Controller (based in France)
Regional Finance role
Corporate Restructuring Director, (based in France)
E-Business/Global Services Controller (based in France)
Controller (based in France)
OTIS ELEVATOR INTERNATIONAL
Controller Europe (based in France)
Assistant CFO (based in Switzerland)
M.B.A. (Master Business Administration) University of Hartford (1984), USA
BA in Business Administration (cum laude) University of Hartford (1980), USA