Rune Damgaard

Rune damgaard

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  • Timeline

  • About me

    Co-CEO Offshore Wind, Philippines

  • Education

    • Handelsskolen randers

      -
    • Mba - london south bank university (distinction)

      2013 - 2016
      Master of business administration (mba) business administration and management, general

      With Distinction award

    • Aarhus university

      2019 - 2019
      International construction law

      Master class 10 ECTS

    • Handelshøjskolen i århus

      -
      Graduate diploma in business administration (bachlor) accounting and economic management
  • Experience

    • Bombardier transportation

      Mar 2007 - Jan 2017

      Met corporate goals by developing and executing a transformation program that promoted team collaboration and resource allocation in line with business requirements. Proactive member of the senior country management team and coordinated team across all divisions. Reduced cost and improved efficiency by optimising clerical tasks to low cost country shared service centres.My key contributions were:-> Led the team of 26 employees in Sweden with a yearly turnover of above €500M and more than 1700 employees.-> Boosted team efficiency leading to reduced team size in a year with growing sales volume.-> Improved working capital by 15% by re-negotiating conditions with clients.-> Lead tender preparation for commercial scope for several mega projects with successful awardingKey Scope:Finance management; Forecasting, Tendering, Governance and optimization of revenue, profit and cash managementBusiness partnering for executive management peers; transparent business cases and business strategies. Played an instrumental role in Transformation program leading to incremental savings in direct cost and overhead Show less Co-lead the Swedish management team, driving operational improvement initiatives, and organising commercial negotiations. Restructured supply chain division to improve efficiency, increase competitiveness, and save cost. Played an instrumental role in the turnaround of the Nordic business to a profit-generating unit by redesigning the team structure and leading the functional team.My key contributions were:-> Recognised and nominated as high potential leader to have one of the presidents as mentor in 2015.-> Increased profit by 25% by replenishing backlog with competitive offers, cost saving, and concentrated production load.-> Reduced trapped cash in inventory by 20% and overdue to as little as 3% by demonstrating weekly attention from management peers and establishing proactive relationship to clients.Key Scope:Finance management for Division; Forecasting, Governance and optimization of revenue, profit and cash managementGeneral management, including; restructuring program, business improvements, efficiency project for supply chain. Show less Designed and implemented a competitive cost structure and increased profitability through right-sizing of the Nordic countries. Minimised team cost by outsourcing more clerical tasks in a specialist team working across all divisions in the respective countries. Combined four countries as one unit to achieve company goals and shared commitments by applying ardent leadership approaches for cross country teams.My key achievements were:-> Fixed project backlog and turnaround to a profit giving unit in three years due to restructuring of Nordic organisation, cost savings, and re-negotiation of terms.-> Directed and guided the Nordic finance team of seven employees, including Sweden, Denmark, Norway, and Finland with value of more than €120M and approximately 500 employees. Show less

      • Director - Head of Controlling

        Apr 2016 - Jan 2017
      • Head of Finance and Deputy Country Business Leader

        Jun 2015 - Apr 2016
      • Head of finance, Nordic

        May 2014 - Jun 2015
      • Country Controller Sweden

        Mar 2013 - May 2014
      • Country Controller, Denmark & Norway

        May 2011 - Feb 2013
      • Project and Business Controller

        Mar 2007 - May 2011
    • Siemens gamesa

      Jul 2019 - Aug 2022

      Leading Regional project portfolio in APAC and mobilization of Nacelle assembly factory. # PnL accountable, revenue exceeding €1BN YoY# Negotiated significant adjustments to contracts with client Senior Management representatives# Recruited diverse staff and mobilized local project execution team# Relationships with key clients at Senior Management level# Attention and appreciation of customers business case# Governing of project portfolio with special attention to commercial scope# Mobilization of assembly factory; staff recruitment, IT, readinessKey scope:- Project Management; Cost, Time and Quality- Project Portfolio finance; Cost, Revenue, Profit, working capital and Cash management- Contract Management; Claims and Variation management- Senior Client & Consortium relationships and Steeco's/boards- Governance Show less Leading regional project portfolios (TSA & EPC) across Europe, USA, and Asia with yearly turnover exceeding €1,5BN and a backlog of more than €5BN. Exceeded profit target by >20% in collaboration with key stakeholders across organisation and carrying out actions in case of potential deviations. Achieve project portfolio goals by leading and guiding a direct team of >25 professionals, including commercial project directors/managers, contract managers, project controllers, and team heads. Lead all functions related to the project governance such as review of financial forecasts, risk and opportunity monitoring, contract/claim management, and clients at senior management/VP/director level. My key accomplishments are:-> Increased client loyalty and satisfaction by over 30 points as a result of superior service delivery.-> Advancement of cash by suggesting win-win proposal to senior client representatives.-> Closed dispute with profit enhanced settlement with C-level executives.-> Mobilized and recruited execution team in new markets, most recently Taiwan to execute €3BN project backlog Key scope:- Project Management; Cost, Time and Quality- Project Portfolio finance; Cost, Revenue, Profit, working capital and Cash management- Contract Management; Claims and Variation management- Senior Client & Consortium relationships and Steeco's/boards- Governance Show less

      • Commercial Head of Projects APAC | Senior Director

        Nov 2020 - Aug 2022
      • Head of Commercial Project Execution, Offshore │ Senior Director

        Jan 2017 - Nov 2020
      • Head of Projects (acting)

        Jul 2019 - Dec 2019
    • Copenhagen offshore partners

      Aug 2022 - now

      Procurement & Contracts Director for Taiwan Round 3 projects Spearheading all Procurement & Contract activities for CIPs round 3 Projects.- Strategizing Procurement & Contracting across all packages, including local supply chain strategies in support of bid development/offtake- Leading a multinational team of professionals, including; Procurement Managers, Contract Managers and Legal counsels. - Develop and execute procurement and contract management strategies to secure value optimization, offtake and bankability of the project- Develop and maintain key relationship with senior stakeholders- Leads critical negotiations and resolve escalation topics with senior stakeholders- Interfacing Lenders advisors on commercial matters Show less

      • Co-CEO Offshore Wind Philippines

        Jan 2024 - now
      • Deputy CEO Fengmiao Offshore Wind Farm

        Mar 2023 - Feb 2024
      • Director, Procurement & Contracts

        Aug 2022 - Feb 2024
  • Licenses & Certifications

    • Contract and legal document writing

      British legal centre
      May 2022
    • Project finance foundation

      Four quadrant learning
      Feb 2020
    • Claim & dispute resolution

      Fidic - international federation of consulting engineers
      Nov 2019
    • Negotiation mastery

      Harvard business school
      Mar 2021
    • Complex negotiation tips

      Linkedin
      Nov 2021
      View certificate certificate
    • Fidic advanced

      Fidic - international federation of consulting engineers
      May 2019