Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
A highly experienced finance executive who has developed broad, deep, and international experience over 30 years in senior finance roles in the energy sector. Curious and open-minded with a passion for learning and personal growth. Extensive experience inspiring staff, bringing people together, engaging in creative problem-solving and leading teams through major business changes, including reorganisations and major downsizing, as well as growth periods. Strong business acumen with care for people and results orientated. Passionate about change, innovation, and digitalisation. Impactful leader and an effective contributor to the wider leadership agenda, leading strategic and operational decision making.
ADNOC Gas is a world scale gas processing, operations and marketing company that provides a strong platform for ADNOC’s downstream gas and LNG processing operations and marketing activities. ADNOC Gas provides reliable, secure and competitive supplies of natural gas, LNG and associated products to customers. ADNOC Gas Plc is listed on the ADX in Abu Dhabi [Ticker: ADNOCGAS].
JSC Naftogaz is the Ukrainian state-owned oil and gas company. As the sole shareholder of Naftogaz, the Government of Ukraine seeks to increase security of supply of natural gas, energy independence and create a transparent and competitive gas market. A transformation from a highly bureaucratic structure into an efficient energy company in the region is in progress (50,000 staff, revenue of EUR 4.8-6.0 billion p.a., and capital expenditures of EUR 500-800 million p.a.). My role was to lead the Finance organisation and set the Group strategy and transformation of the company as an Executive Board member. Transformation activities included improving operating performance, setting accountabilities for business delivery, standardising processes, developing a robust control framework, finance and investment policies and procedures, redesigning the system landscape, and setting up a European trading operation. I also engaged on a regular basis with investors of our EURO Bonds, host government, and ensured that the financial framework remained robust.
In this role I am responsible for the internal reporting and analysis of Group-wide financial results, external financial reporting of the Group’s operations (Annual Report and Form 20-F), business systems (mainly SAP), setting appropriate accounting and reporting policies, interpreting, communicating and providing representations on external developments from organizations such as the IASB, the SEC and FASB, and supporting the Group planning process. I have led the implementation of new accounting standards IFRS9, IFRS15 and IFRS16. I have successfully undertaken digitalisation efforts and currently setting the strategy for Shell’s new reporting landscape. Further migration of reporting activities and business advisory activities to Finance Operations in Krakow is currently ongoing. I am leading a team of approx. 35 professionals in the Hague and Houston (excludes some 800 staff in Finance Operations in Chennai, Manila and Krakow).
My role was to manage Shell’s communication with the international financial community of analysts and investors. In the role I have worked closely with the RDS Board of Directors, Executive Committee, Company Secretary Office, Media Relations and Business finance and strategy teams. I was leading a team of 9 IR professionals. Early 2014 a new RDS CEO was appointed and I managed successfully the transition with investors, including setting 2014-15 priorities: competitive financial performance, capital efficiency and project delivery. During that year I have further developed and improved Shell’s Environmental, Social and Governance (ESG) program. In April 2015 Shell announced the proposed combination with the BG Group and the transaction completed on 15 February 2016. I have developed the equity storyline for this $70 billion transaction including $50 billion new equity, and set the market and media engagement programme. I delivered the 2016 Capital Markets Day including Shell’s strategy up to 2019-21. During the assignment my ESG team successfully position Shell in the market
In this role I was tasked with delivering the full suite of finance functions for all M&A, New Business Development, and Portfolio activities. My prime focus was to identify and execute New Business Development opportunities, provide finance expertise, and provide country or regional strategies for new entries. In addition I have provided finance expertise to (re-) structuring and (re-) financing of Operating Units or joint ventures, and managed external service providers on transactions, both Investment Banks and Big-4 service providers. I have lead several negotiations for complex transactions and delivered a number of asset and corporate transactions in the oil and gas domain including the USD 6bln corporate acquisition of Duvernay in Canada, USD 12bln bio-fuels downstream JV in Brazil, Oil fields in Iraq as part of Government License Rounds, strategic asset swaps with other IOCs, Technical Service Agreement for development of certain Gas fields in Kuwait, acquisitions and divestments in the Middle East and North Sea, divestment of infrastructure in Norway, various LNG import and export schemes, conventional and unconventional exploration plays, and, finally, lead Shell’s take-over of Cove Energy, an AIM listed company focused on Mozambique (note: Shell was outbid in this deal by EP PTT of Thailand). In this role I have lead a large M&A organisation with well-educated M&A professionals; the team in Houston had 15 staff, and in the Hague 35 staff.
Shell Nederland Pensioenfonds Stichting is a Defined Contribution fund, one of the first in the Netherlands, with a one-tier Board. My focus is largely on asset allocation, investments and governance. The Dutch Central Bank (DNB) supported my nomination in November 2017.