PHILIP BOSCO, CPA
713-***-**** Houston, Texas ***********@******.***
www.linkedin.com/in/philip-bosco
RESULTS-DRIVEN FINANCE LEADER
Strategic & Commercial Mindset
Accomplished finance professional with diverse expertise, having held leadership roles with Shell Oil Company, King Ranch and Louis Vuitton. Served as Chief Financial Officer (CFO) for start-up biofuels joint venture commercializing new technologies. Core talent lies in combining financial acumen with strategic and commercial mindset, resulting in ability to meet challenges head-on with effective solutions. Recognized as strong communicator with genuine, approachable style who establishes and maintains effective rapport with internal and external parties at all organization levels.
Areas of Expertise:
Performance improvement
Commercial negotiation
Joint Ventures
Strategic planning
Treasury & cash management
Financial analysis
Acquisitions / Divestitures
Forecasting / Budgeting
Valuation
PROFESSIONAL EXPERIENCE
SHELL OIL COMPANY, Houston, TX 2000-2016
Commercial Manager, Base Chemicals Americas (2015-2016)
Hand-selected for developmental role to lead contract negotiations for sale of gasoline/diesel products & purchase of chemical feedstocks at manufacturing sites in Alabama, Louisiana and Texas.
Improved margin $10M, delivering fuel sales agreement with strategic business partner; led complex negotiations requiring continued senior management engagement.
Designed and implemented feedstock plan (ethane/propane/butane) for chemical plant expansion projects in Louisiana and Texas.
Regional Finance Manager, Base Chemicals Americas (2009-2014)
Provided financial expertise and commercial leadership to Americas regional business ($13B revenue, $1.5B capital employed), covering full range of base chemicals products – ethylene through aromatics, helping drive dramatic improvement in financial performance. Managed finance team in Houston and Calgary (5 direct reports).
Key contributor to successful business turnaround – driven by changing feedstock strategy, reducing asset footprint and improving contract portfolio.
Increased Net Income $500M over 3-year period, moving from -15% to 25% ROACE.
Reduced Capital Employed $200M, identifying and implementing opportunity to reduce working capital exposure via change in procurement strategy.
Led all financial aspects of joint venture exit/asset shutdown decisions, improving business profitability.
Chaired Contract Review Panel (Tender Board) for feedstock procurement and chemical product sales; implemented new contracting process focused on monte-carlo simulations and key value driver analysis, strengthening pricing effectiveness.
Led business planning, forecasting and performance review process; generated financial modeling, driving decision making.
Integrated Canada-based Natural Gas Liquids business into Chemicals governance; scope included financial results, contracting governance and management reporting/computer systems, resulting in more effective business performance appraisal.
Streamlined financial reporting process, reducing costs through process standardization and utilization of shared service center in Chennai, India.
Global Finance Manager, PDO & CORTERRA Polymers (2008-2009)
Provided financial leadership to start-up business seeking to commercialize Shell proprietary technology and introduce a new polymer into the US carpet and Asian textile markets.
Key member of PDO/ CORTERRA Leadership Team, contributing to development of business strategic direction, supporting IP licensing activities and serving as voting member for project stage-gate and portfolio reviews.
Managed successful exit of PDO/CORTERRA value chain; driving strategic and financial analysis supporting exit recommendation, demonstrating case to senior leaders and obtaining approval.
Coordinated shutdown activities with Shell Manufacturing, Shell Global Solutions and external joint venture partners; managed and coached China-based commercial team during shutdown.
Chief Financial Officer, Biofine Renewables, Boston, MA (2006-2008)
Served as CFO for start-up joint venture (50% Shell-owned), building business based on licensing technology for conversion of cellulosic materials into biofuel.
Led all financial aspects of company, reporting directly to CEO of joint venture.
Supervised construction of $5M demonstration plant, working with general contractor, major subcontractors, architectural, engineering, and field personnel.
Participated in development of commercial strategy and sub-license negotiations, supporting commercialization of core technology.
Managed treasury, developed and implemented appropriate control framework and assurance plan; maintained banking, audit and tax relationships.
Strategy & Portfolio Finance Advisor (2003-2005)
Provided financial leadership for Downstream portfolio activities in USA.
Ensured best finance practices were consistently applied throughout all stages of Acquisitions and Divestments process, ranging from initial valuation to deal structuring, negotiation and due diligence. Worked on projects with top line value between $10M - $1B.
Served as Project Manager, delivering $50M divestment of Shell’s interest in a major refined products pipeline.
ADDITIONAL EXPERIENCE
Broad experience prior to joining Shell in the agribusiness, luxury retail and manufacturing industries. Held various financial roles of increasing responsibility with several firms, most notably King Ranch in Houston and Louis Vuitton in New York City.
EDUCATION
Master of Business Administration (MBA), University of Houston, Houston, TX
Recipient of Dean’s Award for Academic Excellence
Bachelor of Science (BS) - Accounting, Marquette University, Milwaukee, WI
INSEAD-Shell Executive Program - Mergers, Acquisitions and Divestments, Fontainebleau, France
Professional Certifications
Certified Public Accountant (CPA), State of Texas