Georges De Schryver

Chief Financial officer for this operating unit with revenues of $40 million. Managed the finance function in this division of Japan Tobacco International ( a previous division of RJ Reynolds Tobacco) including planning and accounting.  Office closed and remaining activities transferred to other locations after business divestiture.

• Prepared 3-year strategic plans, annual operating budgets, and quarterly forecasts.
• Developed financials for the North America, South America, US Military and Micronesia market units.
• Heavily involved in SAP implementation project in R2R module, developing process flows, organization structure, testing scripts and data in FI, CO and AA.
• Expertise in variance analysis, brand performance analysis, production planning and price mix analysis.
• Supervised RJ Reynolds Tobacco Company credit and collections for Logistics and Distribution activities.

Directed Financial Planning Department of this $1 Billion revenue region.  Coordinated development of Strategic and Operating plans for 13 distinct markets ensuring sound financial budgets.  Directed consolidation, analysis and financial reporting to Regional Management and Company Headquarters.  Acting CFO for four entities.

• Revitalized 18 member Finance Department increasing efficiency 15%.
• Instituted revised policies, procedures and control systems to improve budgeting accuracy and expenditure control.
• Uncovered deficiencies in accounting for a major factory construction progress in Vietnam. Installed controls and procedures and replaced Finance Manager.

Coordinated overall financial planning, forecasting and related reporting activities for Asia and America Regions with revenues of $1.6 Billion. Managed efforts to ensure the achievement of volume, earnings and cash flow targets.  Designed and implemented actual and budgeting reporting systems and procedures.  Evaluated projects and recommended appropriate actions on investment proposals.

• Changed project authorization procedures reducing approval time from 8 weeks to 4 weeks.
• Designed standardized reports showing common KPIs reducing nearly 2000 man hours of preparation time yearly.

Chief Financial Officer for this operating unit with revenues of $150 Million.  Directed the finance function including planning, general accounting, MIS and credit & distribution.  Supervised 15 Belgian staff.

• Improved substandard staff performance within six months.
• Transformed poor corporate audit ratings in 1991 to an excellent rating in 1992 by planning and establishing policies and procedures.
• Set direction and strategy as member of the local Executive Committee, one result of which was the implementation of a new organizational design terminating ten Finance and Administration headcount with annual savings approaching $ 2 million.

Managed all the finance and administrative functions within the Special Markets - Latin America unit with revenues of $ 25 million.Prepared strategic and operating plans, forecasts, financial analysis and actual reporting.

·Managed $ 15 million accounts receivable and collection activities.Achieved a reduction of Average Days Sales Outstanding from 110 days to 66 days improving cash flow by $5 million.

·Established procedures making sales organization accountable for earnings in addition to volume increasing profits by $ 1 million first year.