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CFO

Location:
Hong Kong, Hong Kong Island, Hong Kong
Posted:
June 03, 2016

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Resume:

Carl

R.

Dowell

Tower

*,

Apt

*A,

**

Repulse

Bay

Road,

Hong

Kong Phone:

+852

6323

7700

Email:

acu2pm@r.postjobfree.com

PROFESSIONAL

EXPERIENCE:

Energetic CFO with management experience spanning luxury goods, branded apparel, manufacturing, services, and technology. Experience working/living in U.S.A., Asia Pacific and

Europe.

Managed

all

finance

functions

including

accounting,

tax/tax

challenges,

treasury and banking relations. Seasoned in managing strategic and annual planning, reporting, analysis, IS&T, Operations (customer service, import, export, warehousing, warehouse fulfilment, customs duty issues/challenges, transfer pricing), Internal Control (internal / external audits), and purchasing. Accomplished in the setup of new entities (fully owned operations,

joint

ventures,

representative

offices)

as

well

as

restructuring

operations.

Have been

involved

in

three

business

sale

transactions. 04/06

12/15:

LVMH

Louis

Vuitton

(Moet

Hennessy

Group) Euro

30

B

Luxury

Goods

Company:

Headquarters

in

Paris,

France 01/13

12/2015:

Director/CFO

Moet

Hennessy,

Asia

Pacific

(Hong

Kong).

Moet

Hennessy

is

a

leading supplier

and

distributor

of

luxury

wine

and

spirits

products

globally.

- Reporting

to

Region

President

Asia

Pacific.

Responsible

for

all

financial

activity

throughout

this

19

country Region

(plus

4

representative

offices)

including

planning,

reporting,

and

performance

analysis.

- Responsible

for

Central

Distribution

and

warehousing

operations

(3PL

platform

in

Singapore),

IS&T,

Internal Control,

Treasury,

Tax,

and

Region

Accounting.

- Asia

Pacific

Region

includes

fully

owned

subsidiaries,

JV’s,

Representative

Offices,

and

Joint

operating agreements

(with

Diageo)

in

the

various

countries.

Member

Southeast

Asia

liaison

committee,

Greater

China Liaison

committee,

and

Asia

Pacific

Steering

Committee

guiding

operations

with

Diageo.

- Member

Board

of

Directors

for

Sichuan

Wenjun

Spirits

Co.

Ltd.

(JV),

Statutory

Auditor

for

MHD

Moet Hennessy

Diageo

K.K.

(liaison

office

with

Diageo)

as

well

as

numerous

Director

positions

in

our

fully

owned subsidiaries.

- Led

Regional

Team

of

50

with

6

direct

reports

(excluding

the

finance/operations/internal

control

teams

in each

market

which

reported

to

me

on

a

dotted

line

basis).

- Regional

Sales

=

approx.

USD

1.6

B. Achievements:

• Set

up

new

JV’s

in

Cambodia

and

the

Philippines.

• Restructured

the

importation

flow

in

Vietnam

in

response

to

legal

changes

in

the

country.

• Implemented

SAP

B1

in

four

countries

now

all

operations

running

on

SAP

or

SAP

B1.

• Expanded

Distillery

operations

(baijiu)

in

China.

• Implemented

an

on line

selling

site

in

Australia.

• Participated

in

the

Set

up

two

wineries

in

China

and

one

in

India.

• Involved

in

Duty

Free

operations

throughout

Asia Pacific.

• Significant

slowdown

in

China

following

anti corruption

campaign

announced

Dec.

2012

leading

to difficult

duty/tax

solutions

to

be

implemented. 04/06

12/12:

CFO

Moet

Hennessy,

USA

(New

York,

NY,

USA)

- Reporting

to

the

President

Moet

Hennessy

USA.

Responsible

for

all

financial

functions

including

strategic and

annual

planning,

reporting,

and

performance

analysis.

Also

responsible

for

accounting

operations, banking,

internal

control,

liaison

with

external

auditors,

banks,

and

tax

and

customs

authorities.

- Responsible

also

for

operations

management

(customer

service,

warehousing,

warehouse

fulfillment,

product requirements

planning),

IS&T

and

purchasing.

- Use

of

third party

distributor’s

is

a

requirement

in

the

U.S.

and

there

are

thus

one

or

more

distributors engaged

in

each

individual

state

making

warehousing

and

logistics

operations

a

critical

component

of

success. Our

third party

distributor

network

in

the

United

States

comprised

a

selling

force

of

approximately

8,000

and we

tracked

very

closely

the

inventory

at

each

distributor.

- Team

of

50

with

7

direct

reports

(excluding

a

small

1 2

person

team

in

each

of

the

6

regions).

- Regional

U.S.

Sales

=

approx.

USD

1.0

B. Achievements:

• Implemented

SAP

into

the

U.S.

Operation.

• Over

7

years,

four

of

my

planning/analysis

team

joined

the

marketing

teams

(10

different

teams),

which shows

the

strong

support

provided

to

the

marketing

teams.

• Created

a

purchasing

team

to

drive

efficiency

into

an

operation

with

significant

marketing

budgets.

• Enhanced

internal

controls,

particularly

on

the

bank

payment

process.

• Member

of

the

Pension

Committee

and

401K

plan

for

all

LVMH

companies

in

the

U.S.

• Created

a

Charitable

Foundation

for

MH

USA

to

support

events

and

charitable

contributions.

• Involved

in

Duty

Free

throughout

the

U.S.

and

U.S.

Military

sales

globally.

• Drove

organizational

cost

savings

during

the

2009

financial

crisis. 11/96

04/06:

Sara

Lee

Corporation

$18

B

Branded

Consumer Products

Company:

Headquarters

in

Chicago,

IL,

USA 08/01

04/06:

Director

Finance

Seamless

Group

and

Eastern

Europe

Manufacturing

Operations.

Sara

Lee Branded

Apparel

Europe

(Paris,

France).

- Reported

to

European

Branded

Apparel

Group

CFO.

- Initially

responsible

to

prepare

the

Capital

Authorization

Request

and

present

it

to

establish

a

new

green field seamless products

manufacturing

operation

in

Killarney,

Ireland

(knitting),

in

Curtici,

Romania

(sewing),

and the

development

operation

in

Sutton in Ashfield,

England.

-

The

production

output

of

these

plants

approximated

$250

M

annually,

utilizing

a

structure

of

4,500 employees

working

in

Sara

Lee

or

third party

subcontract

operations.

- In

addition

to

Curtici,

Romania

which

was

entirely

devoted

to

seamless

operations,

the

Sara

Lee

sewing operation

in

Vize,

Turkey

was

also

entirely

devoted

to

seamless

sewing.

We

had

other

third party

sewing operations

throughout

Romania,

and

Bulgaria. 07/00

08/01:

Director,

Portfolio

Synergy

Programs

Sara

Lee

Branded

Apparel

Europe

(Paris,

France).

- Reporting

to

European

Branded

Apparel

Group

CFO.

Responsible

to

develop

and

implement

programs

(organization

structure

and

process

change)

to

realize

synergies

across

the

Sara

Lee

portfolio

of

European companies

($7.0

B

group

of

companies).

- Implemented

projects

to

leverage

common

direct

materials

at

the

Sara

Lee

Europe

total

company

level. Outsourced

indirect

materials

procurement

management,

and

defined

strategies

to

reposition

the

Branded Apparel

production

operations

from

a

brand based

to

a

geographic based

structure

creating

efficiency

in

the manufacturing

structure.

11/96

06/00:

Group

Controller,

Sara

Lee

Branded

Apparel

Europe

(Paris,

France)

($2.4

B

group)

- Reported

to

Group

CFO.

Responsible

for

planning,

reporting,

analysis

and

the

central

HQ

accounting

and

MIS functions.

- Appointed

as

acting

Finance

Director

for

Hanes/Champion

Europe

($350

MM

annual

sales

Gent,

Belgium) during

12

months

(7/97

6/98)

to

address

administrative

difficulties

in

that

operation

prior

to

divestiture

of this

sportswear

activity.

Achievements:

• Restructured

operations

in

the

Killarney,

Ireland

knitting

plant.

• Restructured

operations

in

the

Curtici,

Romania

sewing

plant.

• Negotiated

and

sold

the

sewing

operation

in

Vize,

Turkey

to

a

local

Turkish

company

(Inditex).

• Represented

the

Branded

Apparel

group

in

a

synergy

council

across

all

Sara

Lee

Europe

businesses

in Europe

($7.0B

in

revenues).

• Restructured

manufacturing

operations

from

a

brand based

to

a

regional based

organization.

• Involved

in

the

sale

of

the

Sara

Lee

Branded

Apparel

Division

to

Sun

Capital

Partners

and

transitioned with

the

new

owners

before

leaving

the

business. 12/90

11/96:

Schlumberger,

Inc.

Industrial

Technology

and

Petroleum

Services

Company:

Headquarters

in

Paris

and

New

York. 10/94

11/96:

Director

Finance,

Schlumberger

Gas

Management

France

Division

(Paris,

France).

- CFO

for

this

division,

reporting

to

France

Division

Managing

Director.

- Production

operations

in

Paris,

France

(specific

costing

for

large

meter

production),

and

Epernay,

France

(highly

automated

production

of

small

home

gas

meters). 09/92

10/94:

Director

Finance,

Schlumberger

Security

and

Control

Division

(Paris).

- CFO

for

this

division,

Reporting

to

the

Security

and

Control

Managing

Director.

Production

operations

in Paris

(standard

costing

for

high

volume

airport

machines)

and

in

Belgium

(specific

costing

for

large

low volume

machines).

- The

decision

was

made

to

divest

this

activity.

Heimann

(a

German

company)

purchased

the

division.

I participated

in

all

aspects

of

the

sale

and

post sale

transition

support

and

then

transferred

to

another Schlumberger

entity.

9/91

9/92:

CFO,

Anadrill Schlumberger.

Far

and

Middle

East

Unit

(Singapore).

- CFO

for

this

division,

Reporting

to

VP General

Manager.

Responsible

for

all

planning,

accounting,

tax, treasury

and

IS&T

functions.

- I

was

then

transferred

to

Paris

manufacturing

operations. 12/90

9/91:

CFO,

Dowell Schlumberger.

Western

U.S.

Division

(Denver,

Colorado).

- CFO

for

this

division

(not

related,

a

joint

venture

between

Dow

Chemical

and

Well

Services

of

Schlumberger), Reporting

to

VP General

Manager.

Financial

Manager

for

this

petroleum

services

division

of

Schlumberger with

$120

million

in

annual

service

billings.

Responsible

for

all

planning,

reporting,

analysis,

and

IS&T operations.

- The

oil

industry

became

volatile

in

the

U.S.

and

rig

count

declined,

so

I

transferred

to

Singapore

where business

was

still

strong.

Achievements:

• Heavy

R&D

on

x ray

machine

development,

kept

costs

in

line

with

budget.

• Volume

manufacturing

costing

for

small

x ray

machines

(airport

type).

Specific

costing

for

large

scale

x ray

machines

(trucks/train

car

scanning).

Production

in

France

and

Belgium.

• Sale

of

the

x ray

machine

business

to

Heimann

(German

company).

Highly

involved

in

the

sale

of

the business,

transitioned

with

the

new

owners

and

then

moved

to

another

division

of

Schlumberger.

The

gas

metering

business

was

in

Paris

and

Epernay.

Paris

production

was

specific

costing

for

large meters

for

plants

and

factories.

Epernay

production

was

in

a

highly

automated

plant

producing

small meters

(for

homes).

7/83

12/90:

Advanced

Micro

Devices,

Inc.

(AMD) Manufacturer

of

integrated

circuits:

Headquarters,

Sunnyvale

CA. 09/87

12/90:

Director

of

Finance,

Austin

Manufacturing

Division

(Austin,

Texas).

- Reporting

to

manufacturing

site

VP,

managed

a

group

of

23.

- Emphasis

on

manufacturing

cost

control

in

this

Semiconductor

production

facility.

- This

facility

employed

1,800

with

a

capital

base

of

$3

Billion

USD.

- $200

million

annual

operating

expense

budget

and

a

$60 80

million

annual

capital

expenditure

budget. 03/87

09/87:

Manager,

European

Distribution

Center

Project

(Brussels,

Belgium).

- Reporting

to

VP International

Finance.

- Set

up

a

strategy

to

centralize

importation

into

Western

Europe

(product

being

held

duty

free)

from

the

U.S. and

to

efficiently

distribute

product

within

the

Western

European

markets

so

we

were

importing

into

each country

(there

was

no

European

Union

at

the

time). 01/84

03/87:

Manager,

Finance

&

Administration Japan/Asia

Pacific

Region

(Tokyo,

Japan).

- CFO,

Reporting

to

Region

President.

- Supervised

a

team

of

11

in

Tokyo

and

Hong

Kong,

managing

all

financial,

IS&T

and

admin.

functions. 07/83

01/84:

Marketing

Finance

(Sunnyvale,

CA).

- Reporting

to

Marketing

Finance

Director,

hired

to

go

to

Japan

once

I

was

acclimated

to

the

Sunnyvale,

CA operation.

- Responsible

for

sales

team

cost

and

performance

analysis. Achievements:

• Business

increased

three fold

while

in

Asia Pacific

from

USD

30

million

to

USD

100

million.

• Opened

offices

in

Osaka

and

in

Seoul

during

my

assignment.

• Intensive

Capital

structure

in

Austin,

Texas.

Three

wafer

fabs,

each

approximately

USD

1.0

Billion

in capital

structure

(USD

3.0

Billion

capital

asset

base).

USD

200

million

operating

expense

budget annually,

USD

60 80

million

Capex

budget

annually. 06/79

07/83:

Honeywell,

Inc.

Computer,

control

Systems,

and

Aerospace

Technology

Company:

Headquarters,

Minneapolis,

MN. 11/82

07/83:

Supervisor,

Reporting.

Synertek,

Inc.

(Honeywell

Subsidiary).

Sunnyvale,

CA.

- Reporting

to

VP

of

Financial

Control

- Legal

and

management

financial

reporting

to

internal

operating

groups

and

Corporate

HQ

in

Minneapolis.

- Left

the

business

when

we

lost

our

largest

customer

and

then

joined

AMD. 06/79

11/82:

Staff

Auditor

/

Audit

Supervisor.

Corporate

Financial

Audit.

Minneapolis,

MN.

- Conducted

reviews

of

Honeywell

operations

worldwide,

with

responsibility

to

plan

and

supervise

reviews

of financial,

reporting

and

operational

processes/procedures.

- Conducted

audits

in

multiple

U.S.

(CA,

TX,

MA,

NY,

MN,

NM,

etc.)

and

international

operations

(Australia, Canada,

Hong

Kong,

Italy,

Japan,

Singapore,

Spain,

Switzerland,

Thailand). Education: Masters

of

Business

Administration

(MBA) The

University

of

Texas

at

Austin

(Austin,

Texas). B.A Accounting:

University

of

Northern

Iowa

(Cedar

Falls,

IA). Credentials: CPA

Personal: Married,

2

children

Mother

Language,

English

Other

basic

French



Contact this candidate