1.
CFO – Mergers & Acquisitions
International Development and Investors’ Relations
C a r e e r E x p e r i e n c e
01/2011 to 03/2013 SOFEMA GROUP (Paris- France)
Subsidiary of Safran, Dassault Aviation, DCNS, Nexter, Thales, RTD - Export trading of defense and aeronautic equipments
www.sofema-international.com - 4 subs in France and worldwide – Rev. > EUR 80 Million – 100 people
CFO – Sales Administration – M&A - Executive Committee member
Lead during 18 months the restructuring of the company’s support functions and operational processes in order to better align them with
strategy and business needs. Implement indicators and tools allowing for performance measurement and follow up,
Overhaul the Information System - ERP and Business Intelligence / Reporting,
Drive transversal projects such as: Logistic sites relocation, Cotporate web site design, legal & operational reorg. of foreign subsidiaries,
Manage a team of 18.
01/2010 to 01/2011 COPARLEAD - IPSOFINANCE (Paris – France)
Consulting in restructuring, crisis management, Human Resources and Finance & Administration - www.coparlead.com & www.ipsofinance.com
Entrepreneur – Associate Director
Create a Consulting practice (IpsoFinance) and complete audit, consulting and divestment assignments,
Develop the « Finance & Administration » business line for COPARLEAD as freelance – Define the service offer and lead commercial
prospection with companies for crisis management and change management.
05/2003 to 06/2009 MANUTAN INTERNATIONAL (Paris – France & Europe)
A European leader in BtoB distance selling / e-commerce of non-strategic equipments and consumables - www.manutaninternational.com
Family owned business, listed on Paris stock Exchange EuroNext (float ~25%) - 23 subs in Europe - 1350 people – Rev. > EUR 500 Million
Group CFO - M&A Manager – Investors’ Relations - Executive Committee member
Structure the Group Finance & Administration function (people & processes) and support Group’s revenue growth from EUR 320 to 500 Million,
Manage a team of 12 directly and 50 people functionally (Subs’ Finance departments),
Set up and lead the M&A function – 3 acquisition deals completed in 18 months – Organize and supervise integration operations,
Participate in the set up and operational launch of 4 new green field subsidiaries in Central Europe and Russia,
Design and lead the Group’s “operational processes efficiency” initiative - Achieve over EUR 2 Million/year in sustainable savings.
02/2000 to 05/2003 HEWLETT–PACKARD Corp. & COMPAQ COMPUTER Corp. (Houston-USA & Paris-France)
ICT services and products - > 50.000 people – Rev. > USD 140 MM – www.hp.com
09/2002 to 04/2003 Program Manager – Post-Merger Integration – HP Corp. (USA & France)
Manage integration projects, worldwide, of Compaq financial processes following its merger with HP. Supervise a team of 6 project managers
across the globe, tasked wit rationalizing and transitioning financial transactional processes into HP’s off-shore shared services centers.
03/2001 to 09/2002 Corporate Controllership Manager – Compaq Computer Corp. (Houston–USA)
Run, functionnaly, on behalf of the Group Corp. Controller, the worldwide network of Regional Finance Directors on topics such as : Definition
and roll out of « corporate financial policies», organization of « business reviews » on site, management of various ad hoc projects.
02/2000 to 03/2001 Accounting Manager - Compaq Computer France (Paris-France)
3 legal entities - 1 600 people - Rev. : EUR 1.4 MM
Structure and manage the accounting & reporting department (20 people). French and US GAAP financials,
‘Acting’ Financial Controller for 6 months – ‘Acting’ Tax Manager for 7 months.
11/1998 to 02/2000 PRIMEXIS (Paris – France)
PWC privileged partner for interim management assignments - 300 people – Rev. EUR 40 M – www.primexis.fr
Transition Manager / Consultant – Compaq Computer & Digital Equipment Corp. – 12 months assignment
Advise and support Compaq France in translating in operational terms the consequences of the absorption of Digital Equipment, in a context of
vast people and organizational restructuring. Overhaul accounting and financial departments: Hiring, local and Corporate procedures roll out,
ERP implementation / adaptation. Acting Accounting Manager - cf position above.
09/1992 to 11/1998 FITECO Accounting, Audit & Consulting firm - 900 people. – Rev. EUR 60 M – www.fiteco.fr (Paris - France)
Senior Associate - Manage a portfolio of clients and missions in various industries, as an apprentice (4 years) then full time (2 years).
Olivier Petit
2 Avenue Malvesin
92400 Courbevoie – France
+33 (0)6 71 19 71 89
mail@olivierpetit.com
• CPA equivalent (« Expert-Comptable ») 2000
• Master in Finance – Univ. Paris 1 Sorbonne 1999
• Master Management & Finance – Univ. Paris 5 1995
Program followed in apprenticeship
• Fluent English – lived & worked in the USA ~2 years
• Born 02/22/1973 – French
Over 15 years of experience of CFO extended functions - 6 years of consulting and accounting practice
Gained within French and American international Groups listed on stock exchanges, as well as medium size, private or family owned companies
Extensive experience of pan European and international operations – 2 year mobility in the USA
Industries knowledge : Multichannel distribution & e-commerce, ITC, Aeronautic / Defense, Consulting
Organizing and restructuring back offices – Managing change in context of uncertainty
Managing and unifying cross functional teams around projects aimed at fostering company’s performance

2.
C o m p e t e n c i e s & A c h i e v e m e n t s
Management
& Organization
Accomplished manager of : Controlling and FP&A, Accounting, Consolidation (IFRS, US GAAP), Reporting, Treasury
and Financing, Tax & Legal, Internal Audit, IT and Information Systems, Business Development and M&A, Sales
Administration, Personnel Administration…
Experience with relationships among Executive Committees, Management and Directors Boards (Sofema, Manutan)
Manage hierarchically and functionally cross-disciplinary teams, in international and multi-sites settings (Sofema,
Manutan, HP, Compaq), totaling up to 50 people
Organize and/or restructure company’s back office functions in contexts of change (Sofema), organic growth
(Manutan) or external growth (post-merger integration Compaq, HP), as well as subs inception (Manutan)
Hire, Manage, appraise and grow financial and administrative teams (Compaq, Manutan, Sofema)
General Manager of a Czech subsidiary (Manutan) and Director of foreign subs (Sofema)
Optimization
& Financial
performance
Structure Group Treasury management by implementing a cash-polling and dematerializing financial flows. Optimize
Investment policy and reduce banking costs. Negotiate bank debt (Manutan, Sofema)
Professionalize and rationalize reporting. Closing time reduced by more than 50% (Compaq, Manutan, Sofema)
Devise and roll out financial and accounting standards. Control their implementation (Compaq, Manutan, Sofema)
Roll out budgeting process ad its revision, as well as monthly/quarterly management reporting, for activity monitoring
(Manutan, Sofema)
Define performance indicators (KPI), ensure their measurement and follow-up action plans (Manutan, Sofema)
Implement indicators for monitoring working capital (DSO, DPO…). Define improvement goals and action plans,
improve credit & collection policies (Manutan, Sofema)
Organize business reviewsofr subsidiaries / business units (Manutan, Compaq)
Modeling &
Enhancement of
operational
processes
Improve financial closing processes : delivery time / cost / quality (Compaq, Manutan, Sofema)
Lead pan European project “operational efficiency” for the Manutan Groupe, improving the cost effectiveness of its
key business processes, and achieve over EUR 2 Million of sustainable annual savings
In the context of a redundancy plan, draft out operational and system processes used by accounting department.
Recruit, train and supervise personnel. Operations stabilized in 3 months (DEC/Compaq)
In cooperation with Internal Audit, develop an internal controls self-assessment tool. Roll out through the Compaq
Group worldwide (Compaq)
Draft « order to cash » business process for Sofema’s sales administration. Adjust the functional requirements in
SAGE ERP. Revise sales admin. Organization and adjust workforce
Design financial, tax, accounting and internal controls policies (Sofema, Manutan, Compaq)
Project management
-
Functional and
Information Systems
Implement Hyperion HFM (consolidation & reporting) ; participate in Group ERP project (Microsoft AX) and sponsor
the financial / inventory management sides of the project (Manutan)
Operate gateways between 2 SAP platforms and rationalize transactions. Set up SAP modules and adapt functional
processes accordingly (Compaq France & USA)
Rebuild SAGE ERP and adapt it to business needs. Drive functional and technical aspects of project (Sofema)
Initiate and lead the « Business Intelligence »initiative (functional and IT) of the Manutan group. Devise and
homogenize indicators (KPIs). Follow-up Group’s performance monitoring (Microsoft Performance Point)
Set up intranet and collaborative tools - MS Sharepoint (Sofema)
Manage the acquisition, administration and renovation of a 20.000 sqm logistic site in Czech Rep. (Manutan)
On a worldwide perimeter and in a post-merger context, Program Manager tasked with integrating Compaq’s financial
operating processes (functional & IT) in HP’s off-shore shared services centers organization. Reduce administrative
costs meeting merger synergetic expectations.
Strategy & Business
development
Participate in defining 3 year strategic plans. Lead 2 out of 10 strategic priorities: External growth and Operational
efficiency (Manutan)
Take part in setting up 4 “green field” subsidiaries in Central Europe and Russia. Support business launch (Manutan)
Structure and lead the M&A department in order to reach Group’s external growth goals. Complete 3 acquisitions in
18 months (France, UK, Czech rep.) and 1 divestment (Manutan)
Project manage the integration of an entity acquired in the UK in the Group on financial and operational aspects.
Symbiosis achieved in 6 months whilst preserving business performances (Manutan)
Translate the accounting, financial, legal and tax implications of the merger of DEC and Compaq entities in France
Lead consulting activities as a freelance entrepreneur (IpsoFinance, Coparlead)
Financial
Communication
& Investors’
Relations
Conceive and draw up Annual and Financial Reports for a listed company on EuroNext (Manutan)
Participate in managing investor’s relations / Road shows / Relationships with AMF (COB equivalent) (Manutan)
Assume company secretary function for Sofema’s Board of Directors and Manutan’s Supervisory Board
Prospect fund raising with Private Equity and Banks – equity and debt – for MBO purposes.
Risks management
Carry out risks mapping, including Hygiene/Security/Environment risks. Roll out internal controls and audits. Follow-up
with corrective action plans (Manutan)
Set up a Group insurance policy. Reduce premiums by ~25% (Manutan)
Manage Corporate Legal Affairs. Rationalize organization charts, holdings and directorship mandates (Manutan,
Sofema)
Overhaul and draw up transfer pricing policies (Manutan), optimize foreign tax losses (Manutan), roll out a new
transfers pricing policy worldwide (Compaq)