Michael Powell FCA

Experience

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  PwC

  Jan 1982 - Jan 1991

  Manager, M&A and Manager, External Audit

  Advised clients on mergers and acquisitions, due diligence, corporate reconstructions. Identified buyers, valued businesses, negotiated and closed deals. Led and managed external audits for major public and private companies in UK and Canada.

• 

  Bank of Montreal

  Jan 1988 - Jan 1990

  Manager, Corporate Finance

  Led and managed BMO team of Corporate Business Analysts (MBAs) to prepare corporate financial analyses for commercial lending and credit purposes. Assessed business performance, business risks and recommended credit ratings for clients operating in energy, manufacturing, real estate, financial services sectors.

• 

  Boots

  Jan 1992 - Jan 1995

  Group financial reporting and business analyses for Boots' UK and overseas pharmaceutical and healthcare operations. Evaluated strategic investment decisions, and ongoing business performance, reporting to Group CFO. Led and managed Internal Audit team for Boots Pharmaceuticals and Healthcare UK and international business operations. Responsible for assessing and reporting on internal controls for European, US and Asia Pacific business operations.

  • Group Business Controller

    Jan 1994 - Jan 1995

  • Manager, Group Internal Audit

    Jan 1992 - Jan 1994
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  Molson Coors Brewing (UK) Ltd

  Jan 1995 - Jan 1997

  Senior Business Analyst, Strategic Projects

  Provided accounting and finance support to cross-functions project teams responsible for business acquisitions, sponsorship deals, new product launches and capital expansion plans. Assignments included business acquisitions in China and successful renewal of the UK Carling Premiership Football sponsorship renewal.

• 

  Rank Group

  Jan 1997 - Jan 1998

  Business Consultant, Performance Reporting

  Designed and implemented divisional operating report and KPIs for group of UK public companies. Reviewed existing internal financial reports for six business units and developed an Executive Operating Report and KPIs to be used by each business unit and consolidated for group purposes.

• 

  Powell Business Solutions Ltd

  May 1997 - now

  President & CEO

  Mike helps companies implement ESG (environmental, social and governance) sustainability and IFRS (international financial reporting standards) projects. He is an accomplished Finance Executive who has held senior VP Finance/Controller roles at Corporate/Business levels for major Canadian/UK public and private companies. Mike is a Chartered Accountant (FCA - UK) with over 30 years' experience working on major business projects.

• 

  Ryder Integrated Logistics

  Jan 1998 - Jan 2000

  Interim Business Controller

  Business Controller responsible for managing major contract for UK division of international logistics company. Worked closely with CEO to stabilize contract, develop and grow the business with major UK customer operating from a purpose built, new warehouse and distribution centre.

• 

  Experian

  Jan 2000 - Jan 2001

  Project Leader, Business Processes Optimization

  Led and managed business processes transformation project for key business processes. Worked closely with cross-functional project team of 12 managers to improve sales and procurement business cycles. Generated significant cost savings and business efficiencies.

• 

  Nomura International

  Jan 2001 - Jan 2002

  Business Consultant, Internet Start-up

  Internet start-up business which provided the leisure sector with online portal to purchase consumable products. Identified vendors, negotiated contracts and integrated vendors onto web based platform. Worked closely with cross-functional project team to launch online business.

• 

  PricewaterhouseCoopers

  Jan 2004 - Jan 2008

  Director, Business Development

  Targeted, prospected and secured new business for PwC mid-market Private Companies Services group. Business development activities included participation in trade associations, events, seminars and networking events. PCS Calgary new business revenues doubled over the 4 years that Mike led the business development activities.

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  Western Financial Group

  Jan 2009 - Jan 2009

  IFRS Implementation Consultant

  Performed detailed financial analyses on technical accounting issues (financial instruments, convertible preference shares, loan loss provisions, taxation etc) to support IFRS conversion project. Assessed business impact and recommended alternative accounting policies.

• 

  HSE Integrated

  Jan 2009 - Jan 2011

  Project Leader, IFRS Conversion

  Led and managed full IFRS accounting conversion for public oilfield services company from Canadian GAAP to International Financial Reporting Standards (IFRS). Led cross-functional project team consisting of three PBS Consultants and seven HSE managers, and worked closely with Steering Committee to ensure successful and timely completion of project.

• 

  Strike Group

  Jan 2011 - Jan 2012

  Project Leader, IFRS Conversion

  Led and managed major IFRS accounting conversion project for private oilfield services company from private enterprise GAAP to IFRS. Worked closely with client to prepare detailed impact assessments, select accounting policies, draft white papers, calculate accounting adjustments, and draft first IFRS compliant set of financial statements.

• 

  Western Financial Group

  Jan 2012 - Jan 2013

  Project Leader, Business Processes Optimization

  Led and managed major project to improve and optimize Western's business processes and controls. Worked closely with senior management of Western's six business units to agree deliverables and manage project within tight timetable. Resulted in significant cost savings and efficiencies in business processes and external audit.

• 

  Canadian Energy Solutions

  Jan 2013 - Jan 2013

  Business Consultant, ERP Implementation

  Worked with Enterprise Resource Planning (ERP) team to document the key business processes for CES major Canadian chemicals production operations. Travelled to facility to observe business processes and identified key activities through discussion with local management. Provided foundation for new, improved business processes and ERP system.

• 

  Calmena Energy Services Inc.

  Jan 2014 - Jan 2015

  Interim Corporate Controller

  Interim Corporate Controller of TSX listed international oilfield services company with operations in Canada, US, Mexico, South America, Middle-East and Africa. Responsibilities include External Financial Reporting (quarterly and year-end), Regulatory Filings, Monthly Close, External Audit, internal controls and CSOX compliance.

• 

  Strike Group

  Jan 2014 - Jan 2014

  Business Consultant, M&A

  Performed financial and operational due diligence work to support business acquisition for mid-market, oilfield services company.

• 

  Calgary Fasteners and Tools Ltd

  Jan 2015 - Jan 2016

  Business Consultant, Financial Effectiveness

  Developed and implemented internal financial and operating reports, and financial forecasting to produce high-quality, timely business information. Evaluated and documented the existing business processes and strengthened internal controls, resulting in more efficient business processes. Identified several cost savings opportunities and facilitated their implementation.

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  STEP Energy Services

  Jan 2016 - Jan 2017

  Project Leader, IFRS Conversion

  Led and managed IFRS Conversion Project and drafted first IFRS annual financial statements in preparation for the subsequent Initial Public Offering. Worked with client to prepare detailed impact assessments, select accounting policies, draft position papers, calculate accounting adjustments, and draft first set of IFRS annual financial statements.

• 

  TERRAPRO Inc.

  Jan 2017 - Jan 2019

  Project Leader, IFRS Implementation

  Led and managed project to implement new accounting standards for IFRS 16 Leases, IFRS 15 Revenue and IFRS 9 Financial Instruments. Evaluated the impact of new IFRS on major commercial contracts and recommended practical business solutions. Prepared position papers, drafted accounting policies, core financial statements and note disclosures.

• 

  WestJet

  Jan 2017 - Jan 2017

  IFRS Implementation Consultant

  Provided IFRS consulting and project management services to facilitate implementation of the new accounting standards IFRS 15 Revenue and IFRS 16 Leases.

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  Flair Airlines

  Jan 2021 - Jan 2023

  Project Manager

  Led and managed major financial reporting projects, including conversion to IFRS.