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PRADEEP GOEL, Group CFO

PRADEEP GOEL

Group CFO·Ghazzawi Group

Saudi Arabia

Master's degree, Finance, Accounting, Strategy, Commerce, Management, Leadership

Work experience

Total years of experience: 31 years, 0 months

Group CFO

December 2024 - Present

Ghazzawi Group

Jeddah, Saudi Arabia

December 2024 - Present

• Provided strategic direction and actively engaged in Board discussions to drive organizational success.
• Fostered business partnerships that led to significant growth and profitability improvements.
• Oversaw Capex management, ensuring optimal allocation of resources for maximum return on investment.
• Streamlined cash flow and working capital management to enhance financial stability and operational efficiency.
• Negotiated and managed banking facilities to support business expansion and financial needs.
• Led audit and taxation initiatives, including Zakat compliance, ensuring adherence to regulatory standards and minimizing risks.

Company industry:
Real Estate

Country GM Finance and Head of Process & Controls (P&C)

December 2018 - Present

Al Futtaim Retail,

Riyadh, Saudi Arabia

December 2018 - Present

• Spearheaded strategic finance initiatives to optimize retail operations for the group in KSA.
• Led the Finance and Accounting department, ensuring accuracy and compliance in financial reporting.
• Oversaw process improvements and compliance measures to enhance operational efficiency.
• Coordinated brand financial parameters, driving alignment and performance across various segments.
• Managed post-merger operations with Marks and Spencer, facilitating a smooth integration process.
• Analyzed store profitability, providing actionable insights for performance enhancement.
• Strengthened cash control measures at the head office and across retail locations.
• Delivered comprehensive management reporting to KSA and Dubai group head office, supporting informed decision-making.

Company industry:
Retail & Wholesale

Chief Financial Officer

July 2020 - November 2024

Innovative Foods Industries,

Riyadh, Saudi Arabia

July 2020 - November 2024

• Spearheaded financial leadership for the group, driving strategic initiatives to enhance key growth indicators.
• Delivered comprehensive planning and analysis, implementing robust budgetary controls and management reporting systems.
• Provided critical decision support for new store openings and optimizing profitability of existing locations.
• Fostered collaboration across departments to enhance operational efficiency and support business objectives.
• Managed franchisee relationships, ensuring compliance with agreements and supporting healthy P&L, royalty, and COGS calculations.
• Executed effective cost control measures, including strategic product pricing, to maximize profitability.

Company industry:
Food & Beverage Production

Director Finance.

April 2017 - December 2018

United Yousef Naghi Group,

Jeddah, Saudi Arabia

April 2017 - December 2018

• Spearheaded Profit Center growth, driving substantial revenue increases.
• Fostered business partnerships and provided finance leadership to enhance business growth.
• Led strategic business transformation initiatives for the electronics sector, enhancing operational efficiency.
• Contributed to the expansion and diversification of business portfolios, identifying new market opportunities.
• Oversaw P&L reporting and control, ensuring financial integrity and performance tracking.
• Coordinated effectively with cross-functional teams and key stakeholders to align business objectives.
• Evaluated new store opportunities, facilitating informed decision-making for expansion.
• Implemented cost optimization strategies, significantly reducing operational expenses.
• Managed cash flows, inventory, and capital expenditures to maintain financial health.
• Executed accounts, audit, and SOP implementation, ensuring compliance and operational excellence.
• Led VAT implementation initiatives, aligning processes with regulatory requirements.

Company industry:
Retail & Wholesale

Chief Financial Officer (CFO) for Group

December 2015 - January 2017

Landmark Arabia,

Riyadh, Saudi Arabia

December 2015 - January 2017

• Led strategic financial initiatives to enhance operational performance and profitability for a company with an annual turnover of 12 Billion Riyal.
• Guided a team of over 220 professionals in addressing complex business and financial challenges.
• Provided strategic insights on investment opportunities to drive sustainable revenue growth.
• Developed and implemented comprehensive policies, short-term and long-term business plans, and annual budgets (CAPEX & OPEX).
• Spearheaded the achievement of key performance indicators, including Volume and Net Revenue, ensuring alignment with organizational goals.
• Fostered a culture of continuous improvement and financial excellence within the organization.

Company industry:
Retail & Wholesale

AVP Finance

July 2008 - December 2015

Vodafone - India

Mumbai, India

July 2008 - December 2015

Company industry:
Telecommunications
Job role:
Management

Finance Leadership Roles

April 1995 - July 2008

Various Large and Reputed Companies

Delhi, India

April 1995 - July 2008

Company industry:
Financial Services
Job role:
Management

Education

Institute of Chartered Accountants of India

November 1994

November 1994

Master's degree, Finance, Accounting, Strategy, Commerce, Management, Leadership

India

GPA (rating): Excellent

GPA (rating): Excellent

ICAI

January 1994

January 1994

Master's degree, CPA

India

ICMA

June 1992

June 1992

Master's degree, CMA

India

Hans Raj College, Delhi University

March 1991

March 1991

Bachelor's degree, Bachelor of Commerce

India

Skills

Business Planning
Expert
Business Planning
Expert
Control M
Expert
Control M
Expert
Management Planning
Expert
Management Planning
Expert
Financial Management
Expert
Financial Management
Expert
Leadership
Expert
Leadership
Expert
FINANCE
Expert
FINANCE
Expert
LEADERSHIP
Expert
LEADERSHIP
Expert
STRATEGIC LEADERSHIP
Expert
STRATEGIC LEADERSHIP
Expert
ANALYTICAL THINKING
Expert
ANALYTICAL THINKING
Expert
BUSINESS PARTNERING
Expert
BUSINESS PARTNERING
Expert
COMPUTER NETWORKS
Expert
COMPUTER NETWORKS
Expert
MERGER INTEGRATION
Expert
MERGER INTEGRATION
Expert
ACQUISITION PROCESSES
Expert
ACQUISITION PROCESSES
Expert
CONSULTING
Expert
CONSULTING
Expert
OPERATIONS
Expert
OPERATIONS
Expert
planning
Expert
planning
Expert
negotiation
Expert
negotiation
Expert
treasury management
Expert
treasury management
Expert
auditing
Expert
auditing
Expert
team management
Expert
team management
Expert
annual budgets
Expert
annual budgets
Expert
accounting
Expert
accounting
Expert
working capital management
Expert
working capital management
Expert
mergers
Expert
mergers
Expert
risk management
Expert
risk management
Expert
Leadership and Management Skills
Expert
Leadership and Management Skills
Expert
Business Planning
Expert
Business Planning
Expert
Control M
Expert
Control M
Expert
Management Planning
Expert
Management Planning
Expert
Financial Management
Expert
Financial Management
Expert
Leadership
Expert
Leadership
Expert

Languages

English

Expert

Memberships

ICAI

Member

April 1995

Training and Certifications

Certifications
Cost & Management Accountant

Hobbies and interests

Industry analysis, Chess, Cricket, Reading, Movies

Chartered Accountant Cost and Management Accountant Company Secretary B. Com (H)