Peter Arnfield

International CFO

Saudi Arabia

About

CFO with 30 years experience working for saudi Electricity, Thales, Schlumberger, Shell, Baker Hughes, ACWA and KPMG in Europe, Middle East & Globally. Expert in leading through change INTERNATIONAL ACHIEVEMENTS TO DATE: • Leading change in Multinational Teams & International Environments • Growing Businesses • Helps people get motivated and happy in their work • Brings cost savings through world class planning and data • Drives Operational cost saving • Extensive bid and contract awards • Real life experience of leading compliance & Internal Control improvement • Chartered Accountant and Qualified Corporate Treasurer

Experience

  • Advisor to CFO at Saudi Electricity Company
    Sep 2023 - Present · 2 yrs 10 mos

    Advising and Supporting CFO of Saudi Electricity Company. Supporting the transformation of Finance in SEC. Part of the ambitious Vision 2030 agenda in Saudi Arabia.

  • Regional CFO at Thales
    Jan 2018 - Nov 2023 · 5 yrs 11 mos

    CFO for the Saudi Arabia business of Thales. Full responsibility for Finance in a multi business Region with key focus on transformation, Mergers and Acquisitions, cost restructuring and Cash generation.

  • Director - Controller and Corporate Finance at Acwa
    Jun 2016 - Dec 2017 · 1 yr 7 mos

    Head of Finance for ACWA working in Power, Water, District Cooling, Transport, Waste and Manufacturing Sectors across Middle East. Bank relationships, IFRS reporting, Business Partnering, Taxation, Planning, Controls and Corporate Finance.

  • Baker Hughes (4 yrs 11 mos)
    • Director of Treasury Middle East & Asia Pacific
      Jul 2013 - Dec 2016 · 3 yrs 6 mos

      Treasury Director for Region with $5 billion of revenue: • Built strong Bank relationships and standardized loan documentation across 4 different facilities. • Medium Term Note + swap programme development in Malaysia • Introduced debt/capital structures in Saudi Arabia, Australia, China, Indonesia and Oman • Reduced reported FX cost by 50% between 2013 and 2014. • Set up FX management process & introduced successful hedging strategies in China and India • Managed down the overall operating cash balances in the region by more than 20% • Identified and implemented cashpool structures in Saudi Arabia, UAE & Malaysia • Defined & rolled out standard Treasury processes for MEAP subsequently adopted globally Responsible for a team of six professionals managing all treasury activities in Region covering Saudi Arabia to Australia in 30+ countries.

    • Finance Manager - Africa
      Feb 2012 - Jul 2013 · 1 yr 6 mos

      Finance Leadership across multiple businesses with total revenue $1 billion. • Reduced number of reported internal audit issues from more than 200 to low teens for Africa • Rebuilt accounting records in Gabon after a failed SAP implementation including 4 year OHADA statutory accounts • Rebuilt records and filings for multi-million VAT recoverable positions in West Africa • Merged and rationalized an acquired business with operations in multiple countries • Overhauled finance in Libya after the conflict Leading a team of 50 in Nigeria, Algeria, Tunisia, Libya, Congo, Gabon, Chad and Equatorial Guinea to provide finance support across multiple product lines.

  • Shell (Den Haag, NL)
    • Senior Finance Manager - Planning & Analysis
      Jul 2008 - Mar 2012 · 3 yrs 9 mos

      Managing the Planning and Performance Management process for the multi-billion Functions portfolio in Shell. - Reduced Shell’s Global Functions total spend of approximately $2 billion over a four year period - Modernizing the process and delivery of management information across a $10 billion business. - Delivering ambitious offshoring - Linking strategy and plans to actual business performance - Motivating and developing teams in Netherlands, UK, Italy, Malaysia and Chennai.

    • Finance Manager - IT Planning and Analysis
      Jan 2006 - Aug 2008 · 2 yrs 8 mos

      Managing the Planning and Performance cycle for IT Function in Shell.