Dhahran, Saudi Arabia
Strategic CFO with 25 years of international executive leadership and a demonstrated track record of business success by driving value creation, aligning financial discipline and mitigating risk. Very broad and deep experience in Strategy and Business Development , Corporate Governance, Budget and Capital Structuring, Investor Relations, Accounting, Tax, Treasury, Audit & Controls, Pensions & HRD.
Fedrus International is a Belgian group, active in the production and distribution of roofing materials that acquired VMZINC from Umicore in 2017 (7 industrial sites in Europe and sales offices around the world) which tripled revenue and manpower to $1B and +1,600 respectively. Strategic partner to the CEO and Board of Directors to set-up and integrate the finance organization and processes.
Principal financial officer for multiple companies: - Holdcos in Luxembourg and Belgium: valuation and consolidation, addressing impairment issues, various M&A activities, US-Dutch-Belgian-Lux-Swiss GAAP, IFRS - Director of the EMEAF Treasury Center and 3 active finance companies: co-lending, project financing, transition to new Treasury Management System - Upstream activities related to Groningen gas field in The Netherlands: first time publication of NAM JV annual accounts, director and transparency report in a challenging business and political climate - First adoption of lease accounting for LNG vessels - Advise on two refineries investments , hydrocracker and delayed cooker - Managed continuous growth in exploration entities (100+) by streamlining statutory reporting process - Leading a team of 23 people - Member of General Assembly of the Belgian Pension Fund, the Business Practices and Disciplinary Committees - Managing the external auditor (PWC) activities and relationship for Belgium-Netherlands-Luxembourg-Switzerland
Benelux Upstream Financial Reporting Manager: Equity reporting (US and Dutch GAAP) for NAM and GasTerra JVs (Production, Exploration and Marketing of Dutch gas) and European XTO entities: actively influencing governance through several advisory positions. Addressed handling of abandonment reserves, tremor claims, recognition of provisions, gas price arbitrations, underground storage contract and a redundancy program
Director, Vice president of multiple companies (finance, holding and operating companies) • Support business line activities through efficient financing • Plan and coordinate financial flows within the company, e.g. all dividends in and out of EMEAF and FSU • Interface with in-country staff to manage affiliate capital structure and distributions • Coordinate inter-company and external affiliate borrowing • Interface with Tax, Law, and Controllers in managing the impact of affiliate financing activities • Cash management finco • Belgian and Lux finco’s • International Tax • Belgian Notional Interest Deduction
- Started as auditor for controls on processes and financials - Moved on to become lead auditor for pan European audits - leading teams up to 12 auditors - Last period mostly focused on investigations related to contractors and or own personnel