How to change an existing team from administrators to creators through collaborative leadership, straightforwardness and open communication? Giving goals and responsibility, with the necessary freedom to do so, enables a willingness to change and thus generates a spirit of optimism. An example of a successful turnaround.
As part of this mandate, an experienced interim CFO was deployed in an international engineering group to realign the finance function to a proactive business partner role. The main objective was to take the lead of the finance function, build a top finance team, develop the finance department to financial excellence, optimize financing, build a powerful finance structure and ensure transparency along the key value drivers.
Medical technology / pharmaceutical industry
International group of companies
The company’s DACH organization showed declining sales and revenue figures, and EBIT was clearly negative. A clear sales strategy was not in place, and internal cooperation with the product development, quality assurance and production departments was clearly strained.
medium-sized company construction industry
50 million turnover, 250 employees
The position of COO as 2nd Managing Director was successfully found and filled. The profile was a seasoned top manager with industry experience as well as years of excellent leadership experience. Expertise in restructuring and change process implementation and good P&L experience.
80 Mio.€ turnover
Head of Supply Chain Management / SCM, optimization of production planning, consolidation of product range and optimization / reduction of working capital.
150 Mio.€ turnover
Restructuring and production management, in particular layout changes and personnel adjustments at international level, process optimization in all production stages and establishment of site in Eastern Europe.