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DUKE&KAY MANAGED THE FINANCE AND CONTROL AREA REORGANIZATION AT A EUROPEAN LEVEL FOR A MULTINATIONAL GROUP, FOSTERING THE COMPANY GROWTH THROUGH NEW ACQUISITIONS

Situation

Subsidiary of a multinational Group, with a turnover of 50M€, producing synthetic and natural products/ingredients for many applications such as food and beverages, feeds, cosmetics, industrial applications.

The Company launched a project to reorganize the Finance and Control Area at European level to manage some financial difficulties, to implement a control and reporting system towards the Indian HQ and to develop the strategic M&A activity.

Duke&Kay activity

Duke & Kay managed the search and selection process to hire an experienced CFO Europe to guide the Finance and Control operations for Spain, Italy, UK, Russia and Turkey and to be a reference for reporting to HQ in India.

The biggest challenge for our Executive was the deep understanding of the business strategy, the set of objectives to be specifically achieved and how to create a continuous improvement system in different cultural contexts.

The European CFO, reporting to the COO Italy and the Group CFO, was also appointed member of the Board of Directors of the Italian subsidiary.

Results

The implementation of the reporting activity and the optimization of the M&A process was really successful and clearly appreciated in a very short time.

The interim management assignment ended in 1 year and the mission turned into a permanent contract.

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