Alexandros Patsantzopoulos, BSc Economics, MBA, PMP

Experience

• 

  Procter & Gamble

  Jan 1993 - Jan 2003

  Group Manager Finance

  July ‘02 – July ‘03: Finance Group Manager reporting to Finance Assoc. Director, responsible for:• Internal Audit Coordination and local deployment of Financial Stewardship principles aiming at strengthening Governance & Internal control procedures. Led the annual Risk Assessment procedure & analysis of Control Self Assessments, coordinated several audits with the Regional Auditors.• Logistics & Sales Financial analysis, ensuring that actual sales expenditure and total Logistics costs funding & tracking process, are aligned with budget appropriation & company strategy.• Competitive Intelligence analysis/reports for all main competitors in key business categories Sept ’00 – June ‘02: Customer Financial Services & Accounts Receivable Group Manager reporting to the Finance Director & Customer Service Manager having 3 direct reports, responsible for:• Financial consulting to Sales Dept on Trade Profitability & Terms, customers’ financial performance appraisal & monthly tracking of trade rebates.• Competitive analysis/forecasting & reporting of DSO, Payscore & their effect on Working Capital • A/R management, Credit Risk management, Pricing policy & Trade terms control.• Led the EURO conversion project Team representing Finance & Customer Service Feb ’97-> March ’98 -> Sept ’00: Assistant Manager promoted to Customer Finance Manager Reporting to Sales Director & CFO having 4 direct reports, with key responsibilities focused on:• Financial support/consultancy to Customer Teams in daily business with Trade (special focus on quantifying Trade Profitability & back margin), A/R Management, Credit management, promotional funds payment, pricing control & customers master data maintenance• Member of the project Teams assigned to rollout the SAP R/3 program & the Y2K project Mar ’93-Jan ’97:Senior Accountant at Accounting Dept. reporting to Accounting Group Manager Λιγότερα

• 

  Lafarge

  Jan 2004 - Jan 2005

  CFO of Lafarge Beton SA

  Main responsibiliies & achieveements were:• Improving the company’s EVA by optimizing the operating capital employed in relation with Operating profit via strict control over fixed assets base, CAPEX, working capital management & monitoring of expenses• Financial control i.e. annual Budget preparation & periodic revisions as well as monthly full Reporting requirements (B/S,P&L,CF), both statutory to Heracles & IAS based towards the Group HQ using reporting tools Hyperion/Cognos• Credit & Treasury management with target to re-establish Credit Control mechanisms & procedures , optimize cash management practices, renegotiate payment terms with suppliers, set up cash flow tracking tools, eliminate cash payments, meet the Group’s Working Capital targets by improving DSO/bad debt• Reviewing with the CEO the Strategic planning of the company with regular assessment of possible acquisitions/ divestments based on Vertical Integration studies & Lafarge Performance plan.• Integrating in Lafarge Beton a recent acquisition after involving in the due diligence process• Restructuring the pre-existent Finance organization to be more effective & internal controls compliant after benchmarking with the best performing company of Lafarge in France• Internal Audit & local deployment of SOX requirements, design & implementation of action plans to resolve controls issues & comply with Lafarge rules, with overall project sponsorship as being the key Business Process Owner of the company while lead the Steering Committee.• Transition from in-house systems & rollout of new IT tools Λιγότερα

• 

  Covidien (Medtronic Minimally Invasive Therapies Group)

  Jan 2006 - Jan 2008

  Finance & Administration Manager, member of B.O.D.

  My reposnsibilities in Covidien were including,among others :• the restructuring of the Finance dept & later on the whole Internal Operations dept. by selecting, recruiting & training many new managers & key employees• Re-established a robust controls environment, set up policies & procedures, closely monitor its implementation. Passed successfully 15 various internal & external audits in the last 21 months• Improved drastically reliability & accuracy of financial reporting (in Hyperion) in both US GAAP & Statutory GAAP• Achieved high level of forecast accuracy as a Key Performance Index• Re-assessed Banking relations, raise new tools to effectively track cash flows & A/R level• Gradually changed the culture & attitude of team members towards a results oriented, ethical, committed & team driven cooperation• Performed a detailed gap analysis on installed ERP system, coordinated all necessary actions to mitigate operational & tax compliance issues• Supervised all legal pending litigations & regulatory issues as a member of the B.O.D. with full legal representations Λιγότερα

• 

  S&T

  Jan 2008 - Jan 2013

  Director of Internal Operations of the Shop & Trade Group- member of B.O.D.

  As the Director of Internal Operations I reported to the CEO & to the shareholders, managing a broad team of 50 reports (7 managers & staff) with responsibilities on the Group’s Internal Operations functions including:Accounting & Tax,Treasury,Financial Analysis & Control,Credit Control & Collections,HR,IT, Logistics, Legal, Purchases & Facilities.Key tasks/achievements were including:•Restructure the organization, create new departments with clear roles & responsibilities in the new structure of Internal Operations•Provide leadership to the BOD on all issues related to strategic plans & priorities, new investments and business development decisions in the Retail or Wholesale segments•Establish the controls environment in the Group by setting up new policies/procedures & closely monitor its implementation.•Effectively changed Credit procedures by setting Credit insurance programs with Euler Hermes & Atradius, put new processes to best manage the credit risk, introduce credit limit/ratings to each customer, obtain guarantees from customers, reassess payment terms•Raised new procedures with the HR manager towards best People management (a Performance Appraisal process,define & calibrate organization levels and match these with com/benefits, create new job descriptions,reorganize & outsource the Payroll process• monitor a big investment of 33 M€ in new company’s Head Office throughout all its phases,liaise with the Bank/constructor/tenants in negotiating terms,handle Tax issues Λιγότερα

• 

  The Estée Lauder Companies Inc.

  Jan 2013 - Jan 2015

  Finance & Administration Director Greece & Balkans

  In this role:• I deploy the EMEA Finance strategy with local relevancy, support the CEO & the Brands in cascading the affiliate’s Strategic & annual Plan in all countries of our cluster.• Provide financial leadership & insight on business decision making with financial tools like profitability per brand/door, evaluation of new store opening projects & CAPEX effectiveness, financial analysis of competitors and key customers, OPEX spending analysis, customer profitability analysis • Responsible for ensuring compliance with company policies/procedures & SOX/FCPA. Launched successfully-as pilot country in EMEA-the CSAs and improve significantly the level of internal controls vs all prior audit rating.• Monitor monthly KPIs on working capital & cash flow improvements in all countries (DSO-DPO-DTS)• Lead together with the Site Lead the migration from 4 legacy IT systems to the on-going implementation of SAP ERP to all the countries of our cluster• Ensure Tax compliance on all countries and personally lead Tax planning projects in our affiliate, s.p.o.c for internal & external Auditors and for Treasury/Banking managememt • Overview the Finance & administration Teams in the Balkans countries providing guidance, support & control on their operating activities & business processes• Utilize the Procurement Team to maximize cost savings and best negotiation of terms & conditions with suppliers Λιγότερα

• 

  Avramar

  Jan 2015 - Jan 2021

  Responsible to coordinate, support, monitor & control, perform reporting & presentations to CEO on all strategic initiatives/projects derived from the new 5-years strategic business plan of AVRAMAR Group. Responsible for Accounting & Tax compliance,IT strategy & migration to new system Navision,Credit control & working capital management,monthly management reports,annual Budget & monthly estimates, Internal Controls,Invoicing, Organization strategy/formation

  • Project Management Office Director

    Jan 2020 - Jan 2021

  • Integration Director Finance & IT

    Jan 2018 - Jan 2020

  • Acting Group CFO

    Jan 2015 - Jan 2018
• 

  WATT+VOLT

  Jan 2022 - Jan 2023

  • Chief Financial Officer

    Jan 2022 - Jan 2023

  • Executive Advisor

    Jan 2022 - Jan 2022
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  MYTILINEOS S.A.

  Jan 2023 - now

  Finance Processes Director