Executive / chief financial officer (cfo)

PHILIPPE LANGLET

San Jose, CA ***** – USA • Cell: 408-***-**** • ********@*****.***

EXECUTIVE / CHIEF FINANCIAL OFFICER (CFO)

Strategic executive in two businesses that gained market share and improved margin by 10% of sales. Multi-functional and international track record in technology, consumer products and healthcare from an entrepreneurial growing company to a large public corporation:

• Develop effective and innovative strategies; continuously drive for business excellence and results.

• Drive bottom line to full potential through product pricing and cost control.

• Build and lead teams to execute strategies and improve overall financial support of the business.

• Develop multi-level senior relationships with shareholders, financial institutions, customers and suppliers.

• Negotiate favorable acquisitions and strategic alliances, and effectively integrate acquired businesses.

• Secure financing with efficient banking relationship, and optimize cash flow throughout value chain.

• Create and introduce processes to improve strategic control and ensure compliance with Sarbannes-Oxley while maintaining the entrepreneurial spirit of the organization.

• Develop IT roadmap and leverage systems, enhancing productivity and performance.

PROFESSIONAL EXPERIENCE & ACHIEVEMENTS

CHIEF FINANCIAL OFFICER / BUSINESS DEVELOPMENT Since 2009

THRIVE RESEARCH (private, Health 2.0 / SAAS, 6 employees) – Los Altos, California

• Structure company and plan, raise capital to bring company to breakeven.

CHIEF FINANCIAL OFFICER 2005 - 2008

PHILIPS HEALTHCARE / NUCLEAR MEDICINE (public, formerly ADAC LABS & MARCONI MEDICAL SYSTEMS, $400M, 900 employees) – San Jose, California

Reported to the General Manager. Responsible for Finance, Internal Audit, Compliance with Sarbanes-Oxley, Taxes, M&A and IT Management for a global business unit including 3 product lines, 2 factories and 4 R&D centers. Supervised a staff from 52 employees in 2005 to 32 in 2007 with a $15 M budget.

• Initiated and led phases of an aggressive restructuring, contributing to 7% market share gain and 10% margin improvement:

- Designed and presented to senior management the restructuring plan and important management team changes. Promoted the

financial agenda to maintain positive productivity among employees.

- Developed with marketing a systematic and value-based price-building process (Kano classification), ultimately leading to a 7%

margin improvement on legacy products.

- Led a $5 M reduction of headquarter costs: restructured departments, cut real estate (18% or 30,000 square feet) and outsourced

facility management.

- Recommended the centralization of manufacturing, resulting in a $2 M savings per year.

• Led the finance and IT teams in an unsettled environment of restructuring, and proved capacity to motivate (Egon Zehnder 360 & Kenexa: leadership in top 20%). Moved headquarter functions from California to Ohio, reduced the cost of finance from 1.6% of sales in 2004 to 0.7% in 2007.

• Built the business case for and organized the acquisition of a key supplier of Lutetium based crystals to reduce COGS by 15% and fuel growth in emerging economies.

• Migrated Nuclear Medicine’s fragmented IT infrastructure in 2005 onto a unique SAP platform in 2007.

• Ensured compliance of Nuclear Medicine with Sarbanes-Oxley and GAAP rules.

CHIEF FINANCIAL OFFICER 2003 - 2005

ARCADYAN TECHNOLOGY (listed on 11-Mar-09 - TPO:3596, $200M, 400 employees) – Hsinchu, Taiwan

Reported to the Chief Executive Officer. Participated in the foundation of the company. Accountable for Finance, Treasury, Fiscal and Legal affairs, extended its role to include Strategy. Led a staff of 9 employees.

• Developed, promoted and drove a strategy to grow revenues by 70% and achieve sustainable profitability:

- Led the business to a more focused strategy in Broadband and Wireless.

- Initiated the reduction of R&D expenses by 25% with continuous revenue growth.

- Clarified responsibilities of marketing and sales, strengthened supply chain vs. R&D.

• Originated an Activity Based Costing (ABC) analysis that led to the following results:

- Product pricing was modified, increasing the percentage of profitable products from 70% to 90%.

- Number of projects was cut by 50%, R&D efficiency increased (PCB revision from 2.7 to 1.9 per platform) while customers’ needs were better met (project finalization in time from 30% to 70%).

• Successfully integrated finance into the business and partnered with management team, raising standards in a Taiwanese entrepreneurial environment generally offering a limited role to finance.

• Secured financing up to 2x Arcadyan’s equity and reduced the working capital by $12 M.

• Reduced DSO from 99 to 66 within 6 months by developing stricter customer relationships, renegotiating terms, and driving cash management process in company.

• Led the integration of two American and Taiwanese businesses. Managed relationships with Board of Directors, coordinated negotiations to open the capital to new investors and started the IPO preparation.

CORPORATE M&A SENIOR DIRECTOR 2000 - 2002

PHILIPS ELECTRONICS (public, €30 B, 160,000 employees) – Amsterdam, The Netherlands

Reported to M&A Executive Vice President. Sourced and led for M&A transactions from initiation to conclusion, coordinated disentanglement / integration, facilitated internal decision process and got Board’s approval.

• Merged Marantz (public company) and Denon (VC backed company) in a record time of 4 weeks into D&M holdings (public company / TSE:6735, $850 M), doubling the stock price within 12 months.

• Executed various acquisitions (SystemonIC & Ishoni) and divestments (MicroWave, Automotive Display, Dosimetry, CDD Image Sensors).

• Played a pivotal role in teams developing groundbreaking strategies for Philips’ Board of Management by integrating market dynamics into financial plans (spin-off of semiconductors, swap of analogic vs. wireless with Intersil, IPO of DAP, transformation of DAP into a Consumer Packaged Goods company).

PRODUCT DIVISION TREASURER 1997 - 2000

PHILIPS DAP (public, €2 B) – Groningen, The Netherlands

Assistant to the CFO, in charge of the Treasury and M&A, supported the executive management in developing strategies and managing the business portfolio.

• Initiated a portfolio analysis that profoundly influenced the strategy by segmenting product lines by business dynamics and entry barrier level.

• Built the rationale and led the financial team in the acquisition of Optiva ($150 M).

• Recommended to renegotiate a partnership with Sara Lee and repatriate the production from China to Poland, ultimately improving Café Senseo’s margin from -25% to 9%.

• Managed the global currency risk (net cash flows > €300 M - 44 currencies).

CORPORATE BANKING MANAGER 1995 - 1997

PHILIPS ELECTRONICS (public, €30 B) – Eindhoven, The Netherlands

Reported to the Corporate Treasurer. Monitored banking actions to secure liquidity and reduce bank fees, executed long-term funding.

• Promoted and monitored globally the reduction by 40% of Philips’s bank relationships. Drove the European task force to improve Philips’ cash management, stimulated and conducted the implementation in the record time of three months (1 bank/country, 50% saving).

• Implemented a $2.5 B facility (59 banks), supported launch of various bonds.

CORPORATE TRADER 1994 - 1995

PHILIPS ELECTRONICS NV (public, €30 B) – Eindhoven, The Netherlands

Dealt on short term markets (FX, IR, $1.2 B per day) and managed the international cash pooling.

• Led a team of ten traders, accountants and IT specialists to implement an integrated software performing both financial instruments and back-office / accounting.

NATIONAL ASSISTANT CASH MANAGER 1992 - 1994

COMPAGNIE FRANÇAISE PHILIPS SA – Paris, France

Led the work of 7 persons in order to manage the cash position (€6B cash flows per year, 22 entities).

• Optimized cash management of Philips France (fees -20% and overdraft -50%).

• Evaluated and deployed for Philips Electronics NV the European cash pooling.

LECTURER 1988 - 1990

NATIONAL ENGINEERING SCHOOL – SFAX, Tunisia

Gave lectures in linear systems, as part of a 2-years cooperation program (military service).

EDUCATION & ADDITIONAL INFORMATION

• MBA HEC, Institut Supérieur des Affaires – Paris, France 1990 - 1991

#1 MBA in France and among Top 10 in Europe (FT # 1, Wall Street Journal # 4 worldwide)

• MS in ELECTRICAL ENGINEERING INSA – Lyon, France 1983 - 1988

• French mother tongue, fluent and professional practice of English, moderate Dutch, basic Mandarin.

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