Michael Karb

Chief Financial Officer at medneo GmbH
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Contact Information
us****@****om
(386) 825-5501
Location
Greater Munich Metropolitan Area, DE
Languages
  • Deutsch Native or bilingual proficiency
  • Englisch Full professional proficiency
  • Spanish Elementary proficiency

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Chua Soon Tzer

I know Michael to be a CFO with uncompromising integrity and ethical standards. Whilst confident, he is never an arrogant person. With strong business fundamentals and a good understanding of the company's operations and business model, Michael proactively helps to create and executes business plans. He has demonstrated strong leadership within the financial departments and with the management team as a whole. As a CFO, Michael not only has a result-oriented mindset, he is very hands-on and rolls up his sleeves to help! Another attribute that sets him apart as a CFO is his willingness to admit mistakes and the ability to offer input without insisting on being right. This is what I appreciate most about Michael.

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Experience

    • Germany
    • Hospitals and Health Care
    • 1 - 100 Employee
    • Chief Financial Officer
      • Mar 2021 - Present

    • Germany
    • Insurance
    • 100 - 200 Employee
    • Chief Financial Officer
      • Jun 2017 - Feb 2021

      ottonova is Germany's first digital private health insurance and is fully licensed by German regulator BaFin. We are offering the same digital experience you are used to from eCommerce, classifieds or health apps. Investors include Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v Ventures, and Germany's #1 private health insurer Debeka. ottonova launched its commercial operations in June 2017 and is currently employing 100+ staff. My role includes oversight of all financial and human resource aspects, and, on an interim basis, I am also in charge of online marketing and consumer sales. Key results include the restructuring of HR and setting up a financial steering function from scratch. I am also responsible for the overall planning cycle, setting company-wide priorities, tasks, and a product roadmap on a quarterly and annual basis, and tracking delivery against the target. Show less

    • Singapore
    • Technology, Information and Internet
    • 700 & Above Employee
    • Chief Financial Officer Europe
      • Jul 2016 - May 2017

      Launched in 2012, Lazada is the #1 eCommerce company in South East Asia, with presence in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. It employs 7,000+ staff and works together with 140,000+ local and international sellers, as well as 3,000+ brands. Lazada Group is majority-owned by Alibaba Group Holding Limited, listed at the New York Stock Exchange.In Germany, I was in charge of a restructuring by merging Germany-based holding companies in order to streamline the Group structure and reduce admin work and costs. Show less

    • Chief Financial Officer
      • Jul 2015 - Jul 2016

      In Singapore, I was responsible for Finance, Financial Steering, Treasury, and Internal Audit. Key achievements included setting up financial steering, internal audit, treasury and purchasing functions from scratch, reducing monthly reporting cycle from 16 to 3 days, and securing a US$1bn equity investment from Alibaba, the largest investment of Alibaba outside China as well as the largest internet investment in SE Asia at the time.

    • Singapore
    • Software Development
    • 700 & Above Employee
    • Chief Financial Officer
      • Jan 2013 - Jun 2015

      PropertyGuru is South East Asia's #1 property platform to search for and advertise the commercial or residential property. PropertyGuru employs 400+ staff and is active in Indonesia, Malaysia, Singapore, Thailand, and Vietnam. It also offers print publications and sponsors property awards across South East Asia. PropertyGuru is owned by Texas Pacific Group (TPG), Square Peg Capital, and Emtek, among others. I was responsible for all finance and legal matters. Achievements included setting up a financial steering function from scratch, building a regional financial service center in Malaysia, implementing a unified banking platform across countries, cleaning up tax/social security/audit matters, and moving to a Big 4 auditor. I was also in charge of preparing the company for an initial public offering at the Australia Stock Exchange, including the selection of advisers and independent board members, analyst briefings, due diligence, and prospectus drafting, and then responsible for a private S$175mln funding round led by private equity firm TPG after the IPO was canceled. Show less

    • Germany
    • Technology, Information and Internet
    • 100 - 200 Employee
    • Vice President Controlling
      • Jan 2011 - Jan 2013

      Scout24 is a leading operator of digital marketplaces for real estate and cars in Europe. It generates €400m+ in revenues and employs 1,000+staff. While being VP Controlling, I headed investment management, managerial accounting, as well as the purchasing and M&A functions at Scout24 Group. Achievements included the S$75m investment into PropertyGuru, where I was subsequently posted.

    • Head of Strategic Controlling
      • Feb 2007 - Dec 2010

      While being Head of Strategic Controlling (investment management), I was responsible for subsidiaries management of all Scout24 subsidiaries (AutoScout24, ImmobilienScout24, FriendScout24, etc. at the time) in Germany and other European countries. Key achievements included the introduction of a Group-wide Oracle Hyperion ERP software (planning and consolidation) as well as an MIS software package.

    • Germany
    • Telecommunications
    • 700 & Above Employee
    • Senior Investment Manager
      • Apr 2002 - Jan 2007

      Head of M&A and Investment Management for international assets (ya.com/Spain and Club Internet/France) at T-Online Head of M&A and Investment Management for international assets (ya.com/Spain and Club Internet/France) at T-Online

    • United Kingdom
    • Financial Services
    • 200 - 300 Employee
    • Investment Manager
      • Jun 2001 - Nov 2001

      Investment Manager for venture capital in telecommunications and media Investment Manager for venture capital in telecommunications and media

    • Junior Investment Manager
      • Dec 2000 - May 2001

      Investment Manager for venture capital in telecommunications and media Investment Manager for venture capital in telecommunications and media

    • Germany
    • Banking
    • 700 & Above Employee
    • Senior Project Manager
      • Nov 1996 - Nov 2000

      Trainee program for export and project finance and Senior Project Manager for project financing for mining and telco projects Trainee program for export and project finance and Senior Project Manager for project financing for mining and telco projects

Education

  • Universität Paderborn
    1996, Wirtschaftswissenschaften
    1991 - 1996
  • University of Illinois at Urbana-Champaign
    Business Administration/Finance
    1994 - 1995
  • Rudolf Rempel Schule Bielefeld
    Fachhochschlreife, Business/Commerce, General
    1986 - 1988
  • Theodor-Heuss-Schule, Bielefeld
    Realschulabschluss, Economics
    1984 - 1986

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