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Erik ter Horst

Vice President/ CFO


Seasoned senior executive; cross-functional and highly financial and business experienced

Executive profile

Highly accomplished and senior level executive offering solid financial and business experience. A trusted result-focused pragmatic leader with talent for pro-actively identifying and resolving problems, maximizing returns on investment through paradoxical idea's and increase stakeholders value by increased efficiency and effectiveness within the wider organization.

Strong focus on organizational health resulting in maximized productivity of employees and aligning departments through optimized organizational structures within the company’s strategy.

Strength in team-building, leadership and communication skills coupled with paradoxical thinking, change management/transformation, and drive for decisions.


Strategy and vision, cost transformation and restructuring, organizational transformation, build strong relationships with Senior/Executive management with in debt business knowledge on top of financial capabilities,create winning teams and talent recognition.

Governance experiences

SOX, Turnbull (UK), Tabaksblat (Netherlands), IFRS, US GAAP, several local in country requirements.

Personal objective

Want to be able to contribute to the purpose of an organisation by acting as a pragmatic senior executive. Be a sparring partner for the organisation and non executive members driving the company towards improved sustainable results and efficient/effective operations. I like to work in a challenging environment which operates as a strong team, and has high values, not afraid to challenge each other. Being a reliable keeper of company policies and procedures as well as a solid safeguard for financial results by strong control, paradoxical thinking, close monitoring and a challenging attitude.

Work experience

Apr 2017Present

Vice President Finance and CFO Global Offerings

DXC Technology

Washington D.C. Metro Area, USA


DXC Technology is created by the merger of CSC and the Enterprise Services business of Hewlett Packard Enterprise representing $24 billion revenue

Apr 2015Mar 2017

Vice President/CFO and COO EMEA Enterprise services

Hewlett Packard Enterprise

London, UK


EMEA CFO and COO  for Hewlett Packard's Enterprise Services Division, representing $8 billion revenue responsible for all finance related aspects including the operations mainly focussing on change management.

Main achievements:

  • Transformation of cost base by resource management, location strategy and procurement action resulting in significant sustainable reduction of the cost base
  • Strong improvement of recurring and sustainable cashflow management through major changes in working capital and capex management
  • Driven change in top line approach by focussing on bottom line and cashflow contribution improvements
  • Implement radical change of the CFO mindset towards business partnering and change management
  • Started several ad hoc projects focussed on sustainable bottom line improvements
Jan 2009Apr 2015

Vice President/CFO and COO EMEA and Latin America


London, UK


Responsible for all financial and operational related aspects in EMEA and Latin America (Approx. EUR 4.5 billion revenue) including transition of the organization through transformation into a best in class organization, defining the future strategy of the business in this region and optimizing organizational structure.

In addition global responsibility for Global Telecom Markets with a revenue of approximately EUR 1.3 billion

Main achievements:

  • Implementation of new operating model
  • Turn around cost structure
  • Strong improvement of working capital and working capital management
  • Sustainable double digit EBITDA growth
  • Building strong finance department through transformation towards strong business partnering
  • Implementation of Center of Excellences and Shared Service Centers concept in both EMEA and Latin America
  • Strong improvement of automated environment and systems including associated processes and procedures
  • Implemented strong compliance environment by standardised models
  • Rationalisation of existing legal and tax structures
Feb 2007Jan 2009

CFO/COO Benelux and Board member


Amsterdam, the Netherlands

Brussels, Belgium


  • CFO and board member BT Global Services Benelux
  • Ad interim COO BT Global Services Benelux (September 2008 - January 2009)
  • Ad interim CEO BT Global Services Benelux (January 2008 – June 2008)


Responsible for all broader financial related aspects (Transaction processing, controlling, billing, C&C, treasury, compliance etc. etc.) in the Benelux (Approx. EUR 950 million revenue) including transition of the financial function into best in class, strategy of the organization and optimizing organizational structure. Board member of BT Netherlands Holding owning a total equity of approx. EUR 14 billion. Acted as a CFO/ad interim CEO for 6 months and CFO/ad interim COO for 5 months. Reporting under IFRS, US GAAP and Sarbanes Oxley Act compliant

Main achievements:

  • Improved sustainable profitability
  • Optimization of the organization by implementing efficient shared service activities
  • Implementation of optimizing procurement organization and procedures 
  • Implementation of working capital improving processes 
  • Implementation of tax planning and tax structures
  • Strongly improved management reporting aligned with business requirements;
  • Implementation full end to end model for all service operations processes 
  • Leading large world wide media project out of the US (billion's euro project).
Aug 2006Jan 2007


Freetime Telecom

Amsterdam, the Netherlands


Freetime Telecom was a startup MVNO (Mobile Virtual Network Operator) exploring a niche area within the Telecom markets. Joined this company in the middle of the start up process having problems on sustainability. The business models appeared not to be viable and as such the company filed for bankrupcy.

Mar 2003Aug 2006

CFO and Board member

Liberty Global

Amsterdam, the Netherlands


  • CFO and board member Priority Telecom N.V.     November 2005 – August 2006
  • CFO and board member Priority Telecom Norway      March 2003 – June 2006
  • Vice President Finance Priority Telecom N.V.     March 2003 – October 2005


CFO of the Priority Telecom N.V. group (revenue EUR 130 million) financially leading the business from a loss making and cash burning business to a profitable and cash generating company. Responsible for the financial strategy within the management team and sparring partner of the board of management, audit committee and Supervisory Board. Initiator and responsible for the turn around of the international financial departments into a shared service center resulting in improved efficiency and effectiveness creating substantial financial gains. In addition responsible for the operations of the Norwegian subsidiary (revenue EUR 25 million); turned it around from a loss making business to a profitable organization with doubled revenues and strongly reduced cost structure increasing stakeholders value considerably.

Reporting under IFRS, US GAAP, Dutch Gaap and Sarbanes Oxley Act compliant

Main achievements:

  • Delist the company from the Euronext at 1,8 times revenue
  • Improve profitability substantially by several transformation projects
  • Reorganize finance organization, implementing a shared service centre and improved reporting systems;
  • Reorganization of the largest subsidiary increasing enterprise value
  • Implementation of procedures and internal controls aligned with the Sarbanes Oxley Act
Mar 1993Mar 2003

Senior Manager


Amsterdam, the Netherlands

10 years of experience as retail specialist within audit work (50%), corporate finance advisory work (10%) and transaction advisory services including due diligence activities (40%). Client portfolio included mainly large national and international clients partly listed (involved in holding activities) and partly for major shareholders. Majority of the client base focused on retail customers (consumer goods: fast moving goods within food and non-food as well as wholesale distribution).As part of the high potential program obtained MBA certificates at the RSM (Erasmus University Rotterdam) in human resources (2002), operational management (2001) and strategic management (2001).


HR management

RSM/Erasmus University Rotterdam

Operational management

RSM/Erasmus University Rotterdam

Strategic Management

RSM/Erasmus University Rotterdam

Chartered Accountant

Nivra/University of Amsterdam