Glenise Durrant-Freckleton Bsc, Msc, FCA

Experience

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  PricewaterhouseCoopers Jamaica

  Jan 2000 - Sept 2001

  Light Senior Auditor/Accountant

  - Responsible for monitoring the effectiveness of internal controls in business processes and working with management to improve processes requiring attention.- Performed audits, including the preparation of the financial statements for medium and large sized publicly held corporations and privately owned companies in manufacturing, banking, retail, and distribution industries.

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  Carreras Jamaica (Subsidiary - British American Tobacco)

  Oct 2001 - Feb 2003

  Management Trainee

  Training and on the job experience in all areas of the business. Key achievements include leading on the Price Elasticity as well as the Material Requirement Planning and Procurement Projects.Accomplishments• Implementation of the Fixed Assets, Inventory Control & AP Modules and creation of a Draft Policy Manual.• Project Manager involved with integrating the Sales and Inventory Control Modules.• Key involvement in the implementation of the Wrapping Materials Inventory Management and Master Production Scheduling Projects. Show less

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  Diageo (Red Stripe - A Diageo LA&C Subsidiary)

  Mar 2003 - Mar 2008

  Granularity on the business cost base and driving value to the Production Leadership team. Focused on leading and co-coordinating cost reduction and waste management initiatives with Procurement, Brewing and Packaging business partners addressing non- compliance/inefficiencies discovered. Accomplishments• Key driver in ensuring that Red Stripe’s Inventory Management Processes are in accordance with world-class standards with on line/ real time result analysis and publication. Also a key driver in the Inventory reduction strategy and processing time for counts from 5 to 3 working days.• Implementation of site waste reporting led to waste reduction of waste and a mindset change in waste management. This resulted in significant reduction of inventory losses on site.• Recognized with the Key Initiative Award for contribution to waste management, improvement in process efficiencies and inventory management/working capital management. Show less Charged with managing the internal audit function of Production to provide assurance on the effectiveness of corporate governance and control procedures. Roll out of CARM and Project Manager for annual CARM process to ensure Sarbanes-Oxley compliance, including user training.Context• Influenced a step change in process efficiencies particularly around embedding CARM (Controls Assurance & Risk Management) controls within the Production function. • Achieved significant improvement in audit assessments as a result of support through process reviews, mini audits, one-on-one sessions with Production leadership and direct coaching of the teams. Recognized by receiving the Star Performer Award.• Provided support to the Global Audit & Risk Team during their audit at Red Stripe. Show less

  • Manufacturing Process Finance Manager

    Jan 2005 - Mar 2008

  • Process Improvement Facilitator & Supply Auditor

    Mar 2003 - Dec 2004
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  Jamaica Flour Mills (Subsidiary -Archer Daniels Midland Company)

  Mar 2008 - Mar 2009

  Assistant Financial Controller

  Monthly performance reporting for Jamaica Flour Mills & Jamaica Rice Mills. Priority focus on; Monthly management reports, Annual audited financial statements, Analytics on key drivers behind business performance, and managing working capital particularly around Accounts Receivable, Foreign currency, Inventory, and Accounts Payable Management. Context• Instrumental in the reduction of the reporting deadlines from six working days to four.• Acted in the Financial Controller role for 2 months • Supervised the finance team of 3 persons and monitored the overall team performance.• Streamlined the inventory management system from manual to JDE system and the work attitude towards the management of it. Show less

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  Diageo

  Mar 2009 - Sept 2015

  Manage key “Strategic Projects” to reduce drive value in support of the business strategy. Focused on driving out cost, manage tight capital expenditure and inventory management, to provide effective reinvestment in growth. Accomplishments• Senior finance manager, reporting to the Head of Finance• Member of the Finance & Supply Leadership Teams• Strong stakeholder management with the local Executive and Production Leadership teams, as well as Diageo WESTLAC Supply to own and manage the Risk & Opportunities process. • Finance lead for the repatriation of USA production to Jamaica. Worked with major stakeholders to define optimal work streams that delivered a very cost competitive product from Jamaica.• Developed a Cost to Serve model ensuring the delivery of “right cost” to stakeholders, resulting in the best pricing decisions. Model will extend to profitability analyses across all Brands.• Lead strategic outlook on total delivered cost (TDC) with a view to delivering planned costs and efficiencies. • Lead process with the Production Leadership team in identifying and implementing Inflation mitigating actions.• Lead in reduction of the business cost base. Flat Cost of production delivered in 2015.• Lead the Production financial planning process. • Managed 3 diverse and multi-skilled Finance/Accounting professionals in delivering key finance, leadership, working capital, costing and financial objectives Show less Outcome oriented role focused on driving efficiency throughout the entire value chain, optimizing opportunities to grow the business, managing any gaps that would impact delivery of key financial and operational KPIs. The role managed a team of 4 diverse and multi-skilled Finance/Accounting professionals.Accomplishments• Led Red Stripe’s financial planning process, ensuring appropriate challenge to deliver stretch targets.• Key lead on the Driving Out Cost initiatives that delivered savings of over $380m in 2014Brought key insights from previous roles to motivate and lead a high performing team in influencing business delivery of NSV over $8bn, outstanding Trading Profit and operating working capital. Delivered and in some instances over delivered on key metrics while improving Operating margin. The contribution gained the Inspirational Leader Award• Gained the Brand Value Creation – Innovation at Scale Award through rigorous, insightful value chains. Enabled growth on commercial acumen - Proud achievement in completion of pricing papers. Show less Focused on managing inventory, the total cost base for Red Stripe over $5bn, managing the Innovation agenda, and financial analyses for key business projects. Accomplishments• Financial analytics around driving value to the business resulted in savings of $203m for the year. The business continues to realize big savings on this project.• Implementation of change in accounting treatment of Returnables • Streamlining the financial approach to the innovation agenda to deliver value to business through costing, financial bench marking and insights.• Spirit of Supply Award as key Finance lead in project to produce spirits locally Show less Charged with bringing about a step change in the quality of monthly reporting within Production and embed a monthly Risk and Opportunities culture; utilizing process improvement capabilities to drive out costs. Context• Successful delivery on strategic plans reflecting the financial vision for the Production function• Developed excellent business partnering relationships with Engineering, Logistics & Distribution, Procurement, Packaging and Brewing to drive breakthrough performance - full recovery of Production costs despite a task of over £2m in 2011. • Embedded a culture of ownership that enhanced the entire Production chain operations. Show less

  • Supply Chain Controller (Supply Finance Manager)

    Jul 2014 - Sept 2015

  • General Controller ( Business Performance Finance Manager)

    Jul 2013 - Jun 2014

  • Inventory & Costing Finance Manager

    Jul 2011 - Jun 2013

  • Supply Finance Business Performance Manager

    Mar 2009 - Jul 2011
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  Red Stripe (a subsidiary of Heineken) HEINEKEN

  Oct 2015 - May 2017

  Red Stripe Jamaica, a subsidiary of Heineken, is a US$160m revenue business that manufactures and sells beer, spirits and non-alcoholic drinks in Jamaica, North America, Europe and the Caribbean. Local distribution is run by a Joint Venture.• Senior finance manager, reporting to the Head of Finance• Member of the Finance Leadership Team• Manage and own the planning agenda• Regional liaison for Planning and Reporting cycles• Own the Monthly financial reporting, forecasting, and Management reporting• Support the development and maintenance of the medium and long term Company strategy.• Be the Business Partner for the Company Executive/ Management Team to facilitate effective business decision making and optimal resource allocation.• Owns the Measurement & Evaluation process for the Commercial business and executes the Pricing Strategy.• Pricing Committee Member• Treasury management in managing the free operating cash flow.• Assure compliance to the company governance cycle and business control processes.• Lead/Support the implementation of the global Finance agenda and drive efficiency in Business Control.• Maximize business performance by working closely alongside, challenging and influencing the Executive / Management team.• Monitor and develop insight on the quantitative and qualitative performance of the Company, and communicate this insight through the preparation and delivery of streamlined reporting including commentary and KPI’s.• Create a high performing Controlling team through leadership, individual/ team development plans, effective performance management, on the job coaching and constantly raising standards, and implementation of efficient enabling technology. Show less Manage key “Strategic Projects” to reduce drive value in support of the business strategy. Focused on driving out cost, manage tight capital expenditure and inventory management, to provide effective reinvestment in growth. Accomplishments• Senior finance manager, reporting to the Head of Finance• Member of the Finance & Supply Leadership Teams• Strong stakeholder management with the local Executive and Production Leadership teams, as well as Heineken Regional Supply to own and manage the Risk & Opportunities process. • Finance lead for the repatriation of USA production to Jamaica. Worked with major stakeholders to define optimal work streams that delivered a very cost competitive product from Jamaica. Project was delivered on Schedule.• Developed a Cost to Serve model ensuring the delivery of “right cost” to stakeholders, resulting in the best pricing decisions. Model will extend to profitability analyses across all Brands.• Lead strategic outlook on total delivered cost (TDC) with a view to delivering planned costs and efficiencies. • Lead process with the Production Leadership team in identifying and implementing Inflation mitigating actions.• Lead in reduction of the business cost base. Flat Cost of production delivered in 2015.• Lead the Production financial planning process. • Managed 3 diverse and multi-skilled Finance/Accounting professionals in delivering key finance, leadership, working capital, costing and financial objectives Show less

  • Business Control Manager

    May 2016 - May 2017

  • Supply Chain Controller (Supply Finance Manager)

    Oct 2015 - Apr 2016
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  Seprod Group of Companies

  Jun 2017 - Nov 2019

  Serge Dairies is the largest Dairy manufacturer in the English speaking Caribbean with annual revenue of US$70 million. The General Manager leading a business of 180 employees is responsible for the following:- Grow the export business- Innovate at scale to retain and grow market share- Lead the Productivity agenda for the business- Develop key Strategic Partnerships to improve business profitability- Cost Management & Revenue Management Lead- Attract, Recruit, and Retain the best People to guarantee the Strategic planAchievements:- Through leadership having the Management Team work together as a cohesive unit- Stabilizing the business as it goes through a massive Consolidation- Streamlining the Planning and Warehousing functions to drive operational improvements- Leading business profitability turnaround through Cost and Revenue management initiatives Show less Seprod is the largest Food manufacturer in Jamaica with annual revenues of US$155 million per year. Key businesses include: Dairy, Oil, Grains and Cereals, Juices/Drinks, and Sugar. Key business focus will be on Exports expansion and Innovation growth.Led critical strategic transformation efforts including: New business acquisitions Business development for strategic projects from incubation to commercialization. Liaise at all levels internally and externally. Provide financial analysis, decision support modelling, forecasting, sensitivity analysis insights and commercial direction on Strategic projects. Developing business cases for new strategic initiatives. Considering options for these new initiatives. Sizing the opportunity, pricing/ margins, performing risk and economic analysis and other financial considerations. Led in building annual and long-term strategic plans. Key Financial Planning & Analysis to Improve overall business results consistent with the Group’s strategy. Head of Supply Chain  Pricing Committee Chair Managed.a team of 16 diverse and multi-skilled professionalsAchievements:- Engagement across the Group on Seprod's strategy. Bringing the Vision to life and holding Key Stakeholders to account.- Delivery of 2018, 2019 Strategic plan to the Executive, Chairman, and Board- Leading Gap closing initiatives in 2017 and 2018 to ensure Business targets were met- Leading on key Strategic projects that focused on Growing the business- Successful reorganization of the Supply Chain Function Show less

  • General Manager - Serge Dairies

    May 2019 - Nov 2019

  • Head of Strategy

    Jun 2017 - Apr 2019
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  GraceKennedy Ltd.

  Dec 2019 - Sept 2023

  Leading the effective and efficient management of the Supply Chain across GK Foods global operations. Executive experienced in Strategy, Accounting, Financial Analysis & Planning, General Management, and Supply Chain at the GraceKennedy Group. Own and execute the overall strategic plan for Supply Chain Management. Craft, design and execute Supply Chain Management tailored to the needs of diverse product categories, brands and customers Advise and update Senior Management and Executives – GK Foods on strategy and cost saving initiatives Monitor cost, service levels and efficiency initiatives through regular interactions with General Managers/Customers. Evaluate the performance of the Supply Chain Management business processes within GK Foods and develop an action plan to drive performance improvements. Negotiate prices and terms with suppliers, vendors, or freight forwarders in collaboration with Product Managers and Logistics Officers. Ensure that supplier relationships are protected through regular meetings and timely resolution of issues. Design or implement supply chain processes that support business strategies adapted to changing market conditions, new business opportunities, or cost reduction strategies. Manage activities related to strategic or tactical purchasing, material requirements planning, and inventory control. Optimizing the use of information technology on Supply Chain deliverables. Lead and motivate a team of 39 Supply Chain Professionals covering: Procurement, Sales & Operation Planning, Logistics, Warehousing & Distribution. Show less - Work with the Group CEO to set and drive execution of key strategic initiatives for the Group and leads the development of the Group’s Balanced Scorecard.- Work with the Group CEO and Executive Committee to develop, evaluate and execute plans for growth initiatives. - Lead the preparation and submission of the Group's Annual Strategic Plan, ensuring alignment across the Group.- Co-lead strategic transactions with GK Capital, including joint ventures, acquisitions, and dispositions on behalf of Grace Kennedy Ltd. including the phases of evaluation, review and implementation supported by financial models and analyses.- Manage a wide variety of initiatives and special projects. - Manage the Group’s Loyalty programme ensuring successful execution of programme and marketing KPIs.- Perform Competitive analysis and Business Units performance reviews by monitoring relevant benchmarks and internal financial results.- Act as a trusted strategic advisor to the Group CEO.- Director of Grace Kennedy Properties Limited- Finance Committee Member (Grace Foods USA)- Board Invitee: GraceKennedy Foods & Services Ltd and Key Insurance Company Limited- Member: Hi-Lo Stores Advisory Committee Show less

  • Chief Supply Chain Officer

    Oct 2021 - Sept 2023

  • Head of Strategic Planning (Grace Kennedy Group of Companies)

    Dec 2019 - Sept 2021
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  Aventa

  Oct 2023 - now

  Chief Executive Officer

  - Leads the overall operations of Aventa Jamaica Limited- Execute and develop Company Strategy to support business growth- Drive profitability in line with the mandates of the Pharma Group- Monitor, Report and Forecast business performance- Delivers on the financial objectives of the annual operating plan- Drives business development initiatives for the Company- Manages new business development to improve business profitability- Improve overall business efficiency and effectiveness- Build key and strategic relationships across the industry- Lead a team of motivated professionals and develop strong culture of accountability- Promote and maintain excellent customer execution throughout the chain- Key liaison with regulatory and industry stakeholders- Delivers accurate, credible and reliable financial data and insights- Accountable to the Board of Directors for the overall performance of the business Show less