Matthew Frost

Chief Procurement Officer | Supply Chain Director | Procurement Digital/AI Transformation | Merger-Takeover Integration Synergies | Sustainability | ESG | Engineering | Consumer Goods | Industrials

Zug, Zug, Switzerland

About

Chief Procurement Officer and Global Supply Chain Leader with over 20 years of international experience driving procurement transformation, strategic sourcing, and supply chain resilience across FMCG, beverages, telecoms, and industrial sectors. I have successfully led >$7B global spend portfolios, delivered >$400M in annual cost savings, and executed end-to-end, digital Source-to-Pay (S2P) transformations that unlock value, strengthen compliance, and leverage agentic AI and augmentation. My expertise spans strategic sourcing, supplier relationship management (SRM), risk management, category management, ZBB, M&A integration, and digital(agent AI procurement platforms. Beyond financial impact, I am recognized for building and inspiring high-performing global teams (100+ FTEs) and for championing sustainability and ESG initiatives—from achieving 100% renewable electricity sourcing to developing circular packaging, responsible agriculture, and supplier-led innovation programs. Passionate about positioning procurement as a strategic enabler of growth, innovation, and resilience, I thrive on forging supplier partnerships, transforming operating models, and delivering measurable P&L impact while advancing organizational sustainability goals.

Experience

  • Vice President Business Services Sourcing at Ericsson
    May 2021 - Present · 5 yrs 2 mos

    Global leadership of Indirect Procurement at Ericsson including Professional Services, Real Estate & Facilities Management, HR Services, Marcomms, Finance Services, Management Consultancy, Travel and Legal Services. Via a transformation project, I have raised annual cost savings from 1% to 7.5% averaged over all spend. In this position I am also leading an initiative to leverage Agentic AI, AI augmentation, Digital contract Management and Autonomous Tailspend solutions to radically transform Procurement workflows across Ericsson.

  • Independent Consultant at Freelance
    Apr 2020 - Apr 2021 · 1 yr 1 mo

    Various Consulting & Advisory Projects Digital Procurement, post-COVID Supply Chain restructuring; Advanced Commodity Hedging; Risk Management; Supplier Performance improvement & compliance; Procurement restructuring;

  • Global Vice President Procurement & Sustainability at Anheuser-Busch InBev
    Oct 2016 - Mar 2020 · 3 yrs 6 mos

    Accountable for Supply Assurance and annual P&L savings of $400 Million/year plus Working Capital Improvement of $150 Million/year on an annual global Raw Materials & Utilities/Energy spend of $7 Billion/year, via a team of 120 Procurement professionals supported by a global matrix of service centres. Leadership of all category Sustainability initiatives including the 100% Renewable Electricity by 2025 program . Leadership of 270 Agronomists & Researchers in the Global Agricultural Development program covering 30,000 growers worldwide and over 3 million tes/year of own originated crops. Developed a novel, tech-enabled integrated Ecosystem approach to Energy ‘Prosuming’. Designed and rolled out an improvement to the ABInBev Global Procurement Operating Model, enabling a lean, matrixed approach to Global Sourcing & Procurement Operations. Implemented a focused SRM program, enabling OTIF & other Supply KPI optimisation as well as substantial ‘outside-in’ Supplier-led Product and Process innovation. Consistently achieved highest team engagement scores in global Procurement.

  • SABMiller (Full-time · 6 yrs 1 mo)
    • Chief Procurement Officer - Africa
      2014 - 2016 · 2 yrs

      Accountable for Supply Assurance and annual P&L savings of $150 Million/year plus Working Capital Improvement of $80 Million/year on an annual Procurement spend of $3 Billion/year, across 13 African countries. Concluded and anchored an end-to-end Procurement transformation across all markets to bring Africa in to line with the best practice Global Procurement Operating Model, achieving 100% spend under management. As a Member of the Africa zone Management team, worked closely with Sales & Marketing on new product development, leveraging supplier innovation capabilities via SRM programs.

    • Global Indirect Procurement Vice President
      2010 - 2014 · 4 yrs

      Built a best-in-class, integrated global Indirect Procurement function for SABMiller from scratch, based in Zug, CH. This enabled the company to leverage scale and skill across all Indirect categories (Capex & MRO; Sales & Marketing, Logistics, IT, Travel & Office services etc.) delivering $100 Million/year of savings and $50 Million/year in Working Capital improvement. Subsequently rolled out a new, global Source-to-Pay operating model, including ‘Buy-Sell’, transforming Procurement at SABMiller, raising performance to World Class levels.

  • Mars (Full-time · 5 yrs 1 mo)
    • Indirect Procurement Director (Europe)
      2006 - 2010 · 4 yrs

      Led the design and implementation of an Indirect Procurement transformation and integration initiative, including roll-out of a new ERP system and back-office out-sourcing. Subsequently led the new organization delivering €50 Million/year on €1.2 billion/year of spend.

    • Factory Director
      2005 - 2006 · 1 yr

      Responsible for management and continuous improvement of Safety, Quality, Output, Costs and Assets at the confectionary production site at Stupino ($350M sales from 100kt/yr with $250M fixed assets). Leadership, motivation and development of ca. 500 permanent employees and 500 temporary employees via a management team. Recruitment and development of management. Member of Business activity management team driving new business and innovation. Preparation of site strategic development plans; commissioning and operation of new production lines (typical investment rate at ca. $30M/year). Implementation of HACCP & ISO9000 certification of all lines and Lean manufacturing techniques. Ownership of site external relations and legal compliance of all site operations (including safety, health & environment).