INTERNATIONAL FINANCE EXECUTIVE …
Offer record of performance for global businesses in several industries. Proven ability to drive strategic initiatives, garner support for new programs, and deliver results on schedule and within budget. Expertise in global working-capital management. Corporate executive experience in North America and Germany. Authorized to work in several countries. Fluent in English and German
INTERNATIONAL FINANCE EXECUTIVE …
Offer record of performance for global businesses in several industries. Proven ability to drive strategic initiatives, garner support for new programs, and deliver results on schedule and within budget. Expertise in global working-capital management. Corporate executive experience in North America and Germany. Authorized to work in several countries. Fluent in English and German and conversational in French.
Specialties:Executive Management in international operating groups with manufacturing world wide.
Controlling, accounting financing and hedging
CFO @ From November 2012 to Present (3 years) Bad HomburgCFO @ Deleveraging of the company
Sale of the group to Magna Powertrain From October 2010 to Present (5 years 1 month) CFO @ BÖWE SYSTEC is a publicly listed German company with over $600 million in annual sales. It is the world's leading solution providers for modern mailroom equipment -- including high-performance inserting and sorting systems, systems for dispatching sensitive documents, and software solutions.
As CFO of Böwe Systec AG, developed and implemented group-wide financial management strategies. Responsible for plants in Europe and the US.
•Successfully implemented refinancing plans in Europe and the US
•Captured 20 m Euro (= ~ $27 million) annualized savings in overhead expenses
•Liberated 45 m Euro (= ~ $61 million) working capital in accounts receivables and inventory
•Reduced net debt by 10% in 2009 From September 2007 to February 2010 (2 years 6 months) CFO Business Unit Aerospace / Superprecision @ As CFO of the Schaeffler Group’s Aerospace division, responsible for 5 legal entities world-wide and ~$300 million in annual sales.
Based in USA (Danbury, CT) directed global financial management team that oversaw all business activities -- including production, sales, and cost control of overhead expenses.
• Directed successful divestiture of non-core entity -- yielding + $2 million in EBIT improvement.
• Controlled 50% increase in profit margins while sales grew by 30 % over a 5 year period.
• Implemented a working capital program resulting in a 15% improvement in cash flow.
• Championed the formation of a new business unit that augmented production by refurbishing flight critical aerospace components -- yielded a $2 million revenue increase in its first year. From January 2003 to August 2007 (4 years 8 months) Vice President, Corporate Controlling – FAG Group @ Led corporate controlling functions for FAG Group, a publicly listed company in Germany then acquired by the Schaeffler Group. From January 2000 to December 2002 (3 years)
Master, Master of Mechanical Engineering @ Technische Universität Darmstadt From 1996 to 2001 Harald Nippel is skilled in: Managerial Finance, Management, Budgets, Manufacturing, Finance, Accounting, SAP, New Business Development, Executive Management, Cash Flow, Sales, Working Capital..., Accounts Receivable, Business Strategy, Process Improvement, M&A experience, Cross-functional Team..., Financial Analysis, Strategic Financial..., Business Process..., Automotive, Financial Reporting, Continuous Improvement, Lean Manufacturing, Mergers & Acquisitions, Cost Accounting, Business Planning, Internal Controls, Strategic Planning, Forecasting, Restructuring, Corporate Finance, Change Management, Due Diligence
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