David Howe

CFO Finance Director

075******** adyehu@r.postjobfree.com

Position: Finance Director CFO

Resides in Norwich London

Languages: English French

Education & Professional Development:

MBA Master’s in Business Finance 2002

FCPA: Fellow Certified Public Accountant of Great Britain

PROFILE

Accomplished International Finance Director CFO Controller with significant experience that spans over 2 decades including, but not limited to; Monthly and Annual Financial Reporting, Tax Management, budgets and cash flow, corporate recovery, change management, process mapping and ERP Implementation, financial analysis in addition to business review at country, industry, and business unit levels across a wide range of industrial sectors. From small to large organisations. Management of Procurement Function in Oil and Gas Sector. Sitting as Chairman of Tender Boards. Global Financial Reporting including UK AIM with Lekoil, Canadian TSX with Addax Petroleum and US Listed NYSE with Bristow Helicopters.

Professional background in the following industry sectors; Property Development Housing and Commercial Buildings, Heavy Construction, Oil & Gas, Mining, Manufacturing, Logistics & Aviation. These sectors have been in Europe, North America, Far East Asia, Middle East and 17 years’ experience in West Africa as CFO or Finance Director. Most of my roles have been International with global financial reporting.

Ability to communicate with various types of people and personalities which has aided in cultivating client relationships, diffusing difficult situations and having positive interactions with colleagues. Mentored Financial teams in the UK, Nigeria, Gabon, Angola, UAE, Hong Kong, and Norway.

Thrives in environments that require the capacity to prioritize concurrent projects both calmly and efficiently. To achieve optimum results. Finds challenging and difficult start-ups and recoveries as enjoyable.

Proficient at utilizing; Numerous Software Tools to enable the investigation of risks, fraud, and business espionage. Sun 15 years’ experience, Infor ERP, SAP, Microsoft Dynamics 365, SAGE ERP X3, Agresso, Navision, Hyperion. Oracle Net Suite.

Highly knowledgeable in corporate finance: capital, debt, bonds & tax, International Statutory Requirements, across many different Legislative areas. UK, Canada, USA, Germany, Nigeria, Angola, Hong Kong, Singapore

Currently seeking a new and challenging Finance Director CFO Controller position.

SKILLS MATRIX

Business management profit growth budget management IFRS budget review forecasting cost savings cost reduction P&L international finance tax management tax structures cash flow management financial reporting relationship management people management stakeholder management solutions delivery issue resolution Project WIP financial risk risk analysis risk management business turnaround corporate recovery change management business change treasury management cash management strategy balance sheet evaluation regulation compliance compliance management business planning financial fraud process mapping ERP debt recovery debt management capital management performance management KPIs SLA continuous improvement asset management financial guidance finance systems

COGNITE EXPERIENCE:

2017-2023 Managing and Finance Director D J Howe Limited

Additional Roles: Roles occupied whilst using D J Howe Limited for Interim Role

November 2022 to April 2023: Interim Financial Consultant Bowe-Systec UK and ROI

Handover from existing Finance Director for a £20 million Turnover Entity with Operations in UK and ROI to complete audits for UK Company for 2021(late submission) and 2022 for ROI Company.

Monthly reporting to German Parent and Ultimate Parent also in Germany via SAP uploads.

Update of Net Suite to establish tool to be more effective for Group and External Reporting

May 2022 to date: VP Oil & Gas RHF Group Limited (part-time role D J Howe Limited)

Object is to create and Oil & Gas Division for RHF on a global basis to offer Asset Management to the Oil & Gas Sector providing Funding and Technical Services. First area of Development will be West Africa. Setting up Investor Groups in East Africa with large scale funding exercise.

October 2021 to May 2022: Interim Tax Manager Aquaterra Energy Limited (Hybrid working) PAYE

Aquaterra Energy expertise is mainly in Oil & Gas global solutions for Platform and Riser Structures.

Recent contract was for $76 million in Nigeria.

Reporting to Executive Management for Tax Reporting in UK, Nigeria, Angola, Norway, New Zealand, Australia, and R&D Tax Credit Claim made almost £1 million

Advising on Nigerian Project Completion

January 2021 to date: Chief Financial Officer Cedar Street Capital LLC (part-time role D J Howe Limited)

Cedar Street specializes in raising capital for small cap and emerging markets.

Reporting to the Principal for global transaction for Capital Raise.

Currently raising $250 million for the acquisition of 3 Oil & Gas Marginal Fields in Nigeria

Currently raising $130 million for the acquisition of Oil & Gas fields in California and Nevad

July 2019 to December 2020: Chief Financial Officer Africa Bridge Capital Management London (part-time role D J Howe Limited)

Africa Bridge is a UK Based financial services institution focused on Sub Saharan Africa

Reporting to Global CEO for Sovereign Facilities for approved Infrastructure Loans for Africa.

In charge of the Finance Function, reporting at CEO level to Head Office in London.

Client Facing with African National Oil Companies and Ministry of Finance for Bank of China backed loans/bonds

Negotiation of Transaction’s with Ugandan National Oil Corporation, Ministry of Finance in Sierra Leone, Nigeria, and Uganda.

November 2020 to July 2021: Interim Finance Manager Acenet Limited (Remote working) PAYE

Acenet represents all companies who design, deliver, and manage the nation’s infrastructure. It has around 420 members who contribute around £15 billion to the UK Economy. Turnover £5 million 3 Companies.

Reporting to Director

Took over from Finance Manager who had left organisation in a financial mess. Accounting system not updated for 10 years. Bank accounts and CRM not integrated with SAGE; prior years audited accounts inaccurate.

Introduced seamless reporting with SAGE 50 using bank link, CRM, and AP

Prepared Financial Report for 2020 Financial Year Audit.

October 2019 to July 2020: Head of Finance BenchMark Wireline Products Limited Norfolk UK PAYE

Benchmark Wireline manufactures a full range of wireline surface equipment for the oil and gas industry. Turnover 2020 £7 million 45 staff

Reporting to US based CFO for UK Business Unit

Completed 2019 Financial Statements to UK & US reporting standards.

Introduced Manufacturing Financial Reporting, trend analysis, standard cost review.

July 2018 to July 2019: Subcontract to BIE as Regional Controller Lekoil West Africa UK

Lekoil is an Aim Listed exploration and production company with assets in Nigeria and Namibia, revenues around $50 million pa around 800 staff/ contractors 15 in Finance.

Handled complex JV negotiations with JV Partner on only producing asset. On commencing, the JV was almost at a stand-still and possible breach of contract. I negotiated with the 2 parties and resolved the problems and contributed towards a $15million saving and a significant amount of time which was expected to conclude the negotiations.

Put In charge of the Finance Team of Lekoil & Gas Limited (LOG) in London and Nigeria, which was under performing. LOG is listed on London AIM.

Improved Month End close from 15 to 8 days Developed ERP X3 to achieve this objective

Completed 2018 Half Year Financial Statements and 2019 Budget.

Completed 2018 Financial Statements to AIM. Implemented new IFRS in the Financial Statements.

2017/8: Tate Petroleum Limited Chief Financial Officer UK (part-time role D J Howe Limited)

In charge of the Finance Portfolio of Oil & Gas interests in West Africa, reporting at CEO level to Head Office in London.

Successfully raised $100m for 2 Nigerian Oil Licences, with further credit lines for future well development plans.

Negotiated Loan with Shell Trading and Offtake Agreement

Supplied financial guidance and advice on international tax structures across international borders.

Set up Financial Reporting from scratch. Planned to use Sage ERP X 3.

2016-2017: MD CFO: Essel Group ME JV Simba Energy Canada and Gensource Canada UK Canada PAYE

Essel Group is a diverse group of companies operating across many markets

Set up Company from scratch in UK, with all UK Reporting

In charge of the financial portfolio of Oil, Gas and Mining interests across Canada, Kenya, Chad, Liberia, and Guinea, reporting at CEO level to Head Office in Dubai and listing responsibilities on the Canadian TSX V exchange.

Successfully raised $350m for Kenyan Oil Licence and introduced a technical partner to farm into the asset.

Managed acquisition of a Potash Mine in Canada in addition to coordinating the creation of a JV for a $200 million investment for a 250,000 ton mine with potential 1million to extension capability and 3 additional licenses.

The JV was with Gensource who are listed on the Canadian TSX, and the Project is called Vanguard which generated approximately $50 million EBITDA by 2019/20 while Gensource cancelled the JV as of 30 September 2017 as Essel did not provide any funding. Using SAGE ERP X3 and Canadian Reporting Software for Canadian TSX.

Supplied financial guidance and advice on international tax structures across international borders.

2014-2015: CFO Brittania U Lagos

oInvestigated the Complex Bank Transactions for the 3 Principal lenders to the business following a complaint by the Banks. Identified fraudulent transactions that had been instigated by a Bank Officer.

oWorked in conjunction with Nigerian government which included coordinating crude oil marketing, raising financial capital for new ventures in shallow off and onshore regions also pre-wrote Corporate Governance Policy to meet the standards of Chevron, Nigeria also produced IFRS Financial Statements and improved balance sheet by $12m, recasting previous FS to incorporate the deterioration of the Naira and decline in oil prices.

oManaged re-financing with $100m enabling survival of the company due to oil price decline.

oDelivered $12 million balance sheet improvement implementing improved systems and procedures.

oManaged the successful re-negotiation of sole risk shallow water operations with Chevron.

oDevised and introduced new procedures manual in conjunction with PWC Consultants.

oSupply Chain and Procurement Function Management

2013-2014: CFO Ladol Integrated Logistics FZE Lagos

Ladol is a fully integrated hub for the oil and gas industry offering base facilities for heavy construction Led the financing of JV build of an integrated quay for Total Engina FPSO project which enabled Nigerian Content of 6 modules topside and FPSO integration.

oPrepared and delivered road show for 16 financial institutions raising $500m re-financing.

oDelivered commercial objectives as part of a JV with Samsung Heavy Industries supplying a Korean built Floating Production Storage Offloading (FPSO) part of $3.5bn project.

oSourced above target, $500m, through investor presentations at international road shows.

oReported to Nigerian and South Korean Stock Exchange

oMentored Nigerian Finance and IT staff

2011-2013: Head of Integration SMIT Lamnalco Nigeria Dubai Holland

Smit Lamnalco is a vessel management company with 45 vessels in West Africa Turnover $15 million

oHeaded up the delivery of organisational change in a highly diplomatic environment.

oGlobal Reporting to Dubai and the Netherlands

oMerged financial and commercial management of 9 Country operations creating a regional hub. Mentored all Financial teams in all 9 West African countries.

oUtilized expertise to reduce tax liability from $10m to $1m including penalty / interest in E Guinea.

oMarine Operations for an Iron Ore mine in Sierra Leone with African Minerals Location Financial Reporting and Tax was my responsibility.

2008-2011: CFO ERP Project Manager Pan Ocean Oil Corporation

Pan Ocean is an oil and gas exploration and production company with 1,200 employees and turnover of $1.25 billion.

Managed all accounting, budgeting, tender boards, contracts, tax planning, and cost recovery management functions. Developed audit and corporate finance strategies, mentored finance team members, and improved relationships with Nigerian government officials and joint venture partners.

oEarned the designation of Employee of the Year in 2009 for the implementation of the company’s ERP solution, as well as for retraining 100% of the finance and commercial teams.

oActed as project and change manager for the company’s procurement of a Sun Systems and INFOR EAM asset management system, procuring $125 million for PSC Phase 1 and 2 drilling project financing and delivering all aspects of the project both on time and on budget.

oManagement of Procurement and Supply Chain and active member of Tender Committee

oMentored 2 Nigerian CFO’s who were to take over from me at the end of my contract.

Earlier Career:

2007-2008: Financial Controller Pacific Andes Hong Kong Singapore Japan China

2006-2007: Finance Director Addax Petroleum listed on Canadian TSX

2006-2006: General Manager of Finance Bristow Helicopters Listed on US NYSE, Lagos UK

2004-2006: Group Audit & Finance Manager Intels Logistics London West Africa

2000-2003: Director of Finance Managing Director Bonny Allied Nigeria Norway

1998-2000: Finance Manager Prodeco and Intels Logistics West Africa

1994-1997: Financial Controller Company Secretary Mayers and Shaw Norfolk

1989-1994: Corporate Controller Dreco UK Norway Listed in Canada on the TS

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