CFO
"CURRICULUM VITAE
Andrea Picello
Born in Milan at 15.06.1972
Mobile phone: +393496057405
andreapicello72@gmail.com
Military service free
Married
Residence
Via Capeleo 65/8
30039 Strà
Italy
PROFESSIONAL EXPERIENCE
From July 2010 - to Present
I'm joining NLMK Group, one of the Russian biggest steel producers, listed in the London stock exchange.
From July 2014 - Present
Company name: NLMK Verona | Verona, Italy
Description: NLMK Verona S.p.A. is an Italian branch of NLMK, one of the Russian biggest steel producers, listed in the London stock exchange.
Group details: 10.9 Bil$ Sales (NLMK
-
Annual Report @ FY 2013)
Company details: 233 Mil€ Sales (Statutory Books @ FY 2013)
Role: C.F.O.
Directly reporting to: Managing Director
Functionally reporting to: Corporate CFO
Directly reporting to me: Accounting (4), controlling (3), Finance (2), Credit Management (1).
After more than two years of experience as European director of accounting, finance and credit I'm now joining my former position in Verona. In addition I'm supporting the group for European cross boarder projects.
From April 2012 - June 2014
Company name: NLMK Europe | La Louvière, Belgium
Description: NLMK Europe is the European headquarter of the Russian Group OJSC NLMK Steel one of the Russian biggest steel producers, listed in the London stock exchange.
Group details: 12 Bil$ Sales (NLMK
-
Annual Report @ FY 2012)
Company details: 1,4 Bil€ Sales (Annual report @ FY 2012)
Role: Group Accounting & Finance Director
Directly reporting to: European CEO and BU CEOs
Functionally reporting to: Corporate CFO
Directly reporting to me: European Credit Management (1), European Treasury Manager (1), Country Finance managers (4), Europe Consolidation Manager (1).
I'm responsible for the European consolidated division that includes 20 legal entities among Belgium, France, Denmark, Luxembourg, Germany, Spain, Italy and some other minors. The role implies the responsibility of:
statutory - local, IFRS and US GAAP consolidation and reporting, audits, tax (including transfer price) and legal related matters;
finance and treasury management: according to the Corporate Risk Manager I'm responsible for the implementation and follow-up of finance policies, relationship with the banks (about 20 banks and 1 million Euro credit lines), daily treasury management;
credit management and controlling: according to the Corporate Risk Manager I'm responsible for the relationship with credit insurer, credit policy implementation, credit risk management;
IT-Finance implementations manager:
o 1st January 2014: SAP roll out in Italy;
o 2014: expected roll out of SAP in Belgium and Denmark;
M&A
o 2013 NLMK Europe group restructuring: leader of finance, legal and tax issues related to the NLMK Europe restructuring. The operation consisted in reorganizing all European companies below a new mother company with the purpose to create a JV with the Belgian wallon state-own company.
July 2010 - March 2012
Company name: NLMK Verona | Verona, Italy
Description: NLMK Verona S.p.A. is an Italian branch of SIF SA a former Duferco / NLMK joint venture. Duferco is a world leader trader in the steel making sector and NLMK is one of the Russian biggest steel producers, listed in the London stock exchange. NLMK has exercised the option in April 2011 becoming the sole owner of SIF SA and consequently of NLMK Verona S.p.A.
Group details: 6 Bil$ Sales (NLMK
-
Annual Report @ FY 2009)
Company details: 182 Mil€ Sales (Statutory Books @ FY 2010)
Role: C.F.O.
Directly reporting to: Managing Director
Functionally reporting to: SIF SA CFO
Directly reporting to me: Accounting (4), controlling (3), Finance (2), Credit Management (1).
The role requires all statutory, controlling and finance skills related to such position for Italian, IFRS and US GAAP. In particular the Finance portion is particularly strong with over 150 Mil € of debt position which requires a deep knowledge in this area. Also controlling needs to be implemented both in industrial controlling, standard costs, working cycle, etc., and management reporting. The company is relatively new, acquired in 2005 by Duferco and immediately after being part of NLMK - Duferco joint venture in 2006. The company is still in start-up and the investment plan is still on-going, requiring a deep understanding of market benchmark, pay back analysis, etc. The management is very young and a business partner role is strongly required.
March 2007 - June 2010
Company name: Parker Hiross | Padua, Italy
Description: Parker Hiross S.p.A. is an Italian branch of the Parker Hannifin Corporation an American group leader in the motion and control.
Group details: 10,3 Bil$ Sales (Annual Report @ FY 2009)
Company details: 53 Mil$ Sales (Consolidated Division @ FY 2009)
Role: C.F.O.
Directly reporting to: Managing Director
Functionally reporting to: European Divisional Controller
Directly reporting to me: Accounting (5), controlling (3), HR payroll (1)
The role implies the responsibility of the European consolidated division and the Italian legal entity. Reporting, budgeting, income statement and balance sheet (sales & margins, costs, working capitals - ITO, DSO, DPO - cash flow, inventory controlling, US GAAP), forecasting, SOX manager, Compliance Officer Manager (observance of the group financial and not financial policies), M&A sourcing committee team-mate, trade union committee team-mate, board of directors' and shareholders' meetings, yearly statutory balance, general accounting, cash allocations, account receivables and payable, HR payroll, ICO reconciliations, other tax and legal requirements, agreements and contracts, statutory auditors' activity, tax declarations.
August 2003
-
March 2007
Company name: Blue Box Group | Padua, Italy
Description: Blue Box Group S.r.l. multinational Italian group, operating in the Air Conditioning business.
Group details: 57 Mil€ sales (Consolidated Statutory Balance Sheet @ FY 2006)
Role: Group C.F.O. (last covered)
Directly reporting: General Manager
Directly reporting to me: Accounting (6), Credit department (2), Controlling (2), Information Technology (5)
From May 2006 (including other roles mentioned below)
Group C.F.O. Reporting, budgeting, income statement and balance sheet (sales & margins, costs, working capitals - ITO, DSO, DPO - cash flow, inventory controlling), yearly statutory balance, yearly consolidated statutory balance, board of directors' and shareholders' meetings, responsible for all administrative activities, tax declarations, general accounting, accounts payable and receivables, credit controlling.
From June 2005 (including other roles mentioned below)
IT Manager. Coordination of all IT projects, definition of all IT medium and long terms strategies, priority definition for all short terms activities, infrastructure, help desk, software implementation, budget.
From September 2004 (including other roles mentioned below)
SAP R3 Implementation Manager. Start-up analysis, implementation and go live: R3 (administration [FI] & controlling [CO], sales & distribution [SD], MRP and MPS, CAD integration, supply chain, inventory and production [MM, PP and WIP add on], product configuration), CRM (Customer Relationship Management), BW (data warehouse) and SEM (SAP Business Intelligence).
From August 2003
Group Controller and Corporate Manager. Monthly profit and loss statements of 7 Italian operations, consolidated profit and loss statements, monthly reports of inventory, account receivables, trade payables and bank accounts statements. Other controlling activities: organization of year-end inventory physical counts, sales control and market strategy support, price list definition support, make or buy analysis, monthly presentation to the board of directors, auditors' relations, MBO agreements and year-end calculation, support for extraordinary operations.
September 2000 - August 2003
Company name: Liebert-Hiross | Padova, Italy
Description: Liebert - Hiross S.p.A. a multinational American group operating in the High Performance Air Conditioning sector parts of Emerson Electric Corporation.
Group details: 25 Bil$ Sales (@ Annual Report FY 2002)
Company: 215 Mil$ Sales (Group Consolidated @ FY 2002)
Role: Group Consolidation and Reporting Financial Manager.
Directly Reporting to: CFO
Functionally reporting to: Liebert Consolidation Manager.
Directly reporting to me: Controllers (2)
September 2002 - August 2003
Consolidation & Reporting Manager
October 2001 - August 2002
Group Consolidation and Reporting Financial Controller (Reporting to the Consolidation Manager) Activity: monthly consolidated financial statements of the 20 European operations (Hyperion software used), monthly consolidated revised budget, general reporting according to the US GAAP and to the policies stated by the US mother company, market sales and margins analysis, cost accounting analysis, working capital (DSO, DSI, DPO, capex,) and balance sheet controlling, corporate presentations. Co-ordinator of IT and re-engineering projects related to the Finance organization.
September 2000 - September 2001
Group Sales Controller
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Business Analyst. Activity: monthly consolidated revised sales budget, orders, backlog, margins and market analysis, finished products analysis (slow moving, inventory level, stock list delivery). Weekly reports on sales, orders and cash collections.
January 1998 - July 2000
Company name: PriceWaterhouseCoopers | Milan and Padua, Italy
Description: I worked for the Auditing Company Coopers & Lybrand (now Pricewaterhouse Coopers)
Role: Senior Auditor
Directly reporting to me: As senior auditor I've been coordinating the activity of maximum 4 people
June 1999 / July 2000 - Padua
January 1998 / May 1999
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Milan (Italian Headquarter)
My position required deep understanding of the accounting and administrative fields of industrial and commercial companies. I also had to organise and manage the work of audit teams being responsible for their activity. I was a member of audit teams of several industrial companies in the Milan Stock Market and privately owned ones (Italian and foreign ownership). I have drawn up several balance sheet according to the IAS and to the Italian Accounting Principles and I took part in different "special works", such as mergers, acquisitions and due diligence.
October 1997 - November 1997
I worked for Gras Malte S.r.l. a private construction firm, founded by my father; activity: accounting.
FURTHER PROFESSIONAL INFORMATION
2010 - 2013
Completion of three years period as Tax and Statutory Auditor. This is mandatory for the application to the national register: I've not held the examination yet.
2009
Project-Teacher on Finance & Control tools and methods to the Università Cà Foscari di Venezia: real case study (direct experience of the students in the company), lessons at the university, publications, workshops, meetings, round tables.
1998 - 2007
Member of the board of director and shareholder of the Gras Malte S.r.l., Via Venezia 54, CONA (VE) which is owned (50%) by Calce Dolomia S.p.A., Via Tonio da Belledo 30, 23900 LECCO. Activity: statutory financial statements approval, monthly financial statements analysis, support to all other extraordinary activities (contracts, board of directors' and shareholders' meetings, etc.). The company is been fully sold out in the 2008.
LANGUAGES
Italian: Mother tongue
English: High level of reading, writing, understanding.
French: High level of reading, writing, understanding.
COMPUTER KNOWLEDGE
Operating systems: Windows, Linux;
E.R.P.: AS400, SAP R3, JDE.
Further programs: Office package, Lotus package, Hyperion, S.A.S., SAP CRM, Outlook soft and many others.
EDUCATION
Business administration degree
Graduated on July 7th 1997 at the University of Venice "Cà Foscari". Final degree 94/110. Subject and title of the graduation thesis: "Marketing of the internet shop".
High school
High school five-year diploma at the Technical Institute (Ragioneria) G. Maddalena, Adria (RO), July 1991. Final degree 52/60.
ACTUAL COMPENSATION
Base Salary: 140,000 € gross per year;
Bonus: 50.000 € annual bonus;
Benefits: mobile, car, relocation package;
Level: Director.
I authorise the treatment of my personal data as per the law 196/2003."
CFO
"CFO with broad experience in accounting, auditing, controlling and finance. Experience with manufacturing industries, Italian and Foreign multinational groups and with one of the big auditing firm. Strenghts: Controlling, Italian GAAP, Belgian GAAP, French GAAP, IFRS and US GAAP reporting and consolidation, M&A, corporate finance and treasury, compliance and internal audit, ERP project implementation, trade union negotiation, integration manager, SOX, special projects."