Thierry Servel

Interim CFO / DAF / Manager de Transition at 400 Partners
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Contact Information
us****@****om
(386) 825-5501
Location
St.-Cloud, Île-de-France, France, FR
Languages
  • French Native or bilingual proficiency
  • English Full professional proficiency
  • Spanish Limited working proficiency

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Richard Lours

Thierry is an interim CFO who demonstrates his full coverage of financial work in a short and binding time frame. He proved very responsive to my needs (budget, forecasts, BU allocation, daily and short term cash flows,..) when I had to manage the recovery and sale of the FINSECUR Group, and answered to the many requests of the LBO project stakeholders. A detailed understanding of the ground issues has been immensely appreciated to immediately understand what needed to be done (accounting and inventory cleanup, client collection).

Olivier de Roaldès

I have worked as interim CEO alongside with Thierry in Clermont-Ferrand for Béal/Iseki before and after the safeguard proceedings and company turnaround. Thierry has been a key contributor to the project success during this tough and limited period and proved a great ability in aligning the LBO issues and shareholders constraint to reach the only possible way to save the company which was to sale to Iseki japan. Thierry has a bright strategic & business vision as well as a perfect organization in his work.

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Experience

    • France
    • Business Consulting and Services
    • 1 - 100 Employee
    • Interim CFO / DAF / Manager de Transition
      • Dec 2012 - Present

      Point P TP - wholesale & distributor : 250 M€, 58 outlets •Performed the carve out from Saint-Gobain global ERP & SSC to Frans Bonhomme environment Finsecur group - Fire Safety (7 months) // Interim CFO : 40 M€ - 180 FTE, 5 subs France/UK/Spain •Secured financial, treasury functions during Rothschild's group sales by BU & severe cash issues •Performed multiple strategic business plan, group Y/E closing, monitored investor's dataroom Christies's (4 months) // Transformation Manager "Continental Europe" : Hammer sales 480 M€ •Assesment & role mapping of CE finance team / Revisiting global process & risks with UK SSC Iron Mountain - Recall (7 months) // Interim CFO : 90 M€ - 450 FTE- 30 sites •Merger, legal & tax integration of 5 French IRON & RECALL entities to French & US Gaap standard vs IFRS •Run ERP Oracle migration & cut over / set up to the SSC Cap Gemini in Poland (26 FTE) Coallia Group (18 months) // Interim CFO : 245 M€ - 3000 FTE -230 sites Migrant workers housing, public housing, EPHAD- 2500 FTE - Turnover 204 €m, 285 sites •Restructuring all accounting, controlling, IT, purchasing teams (45p) •Implementation IT tools and processes (SAP BPC) to fit quick authorities’ requirements Gaussin Group (6 months) // Lederlease CFO : 34 M€ - Belfort •Wrote the offering circular on Leaderlease ' IPO for Alternext •Set up the rental & maintenance business model (legal contract, financing, software) Iseki France (18 months) // Interim CFO : 55 M€, 117 FTE, Clermont-Ferrand •Provided business visibility to LBO/senior management before & during the safeguard proceeding •Performed monthly closing, rolling forecast & cash management during the downsizing processes •Prepare financial actions to restore profitability (-4.8 M€ to +0,5 M€) & ISEKI smooth takeover Avaya France (5 months) Following US takeover - Interim CFO - assess IFRS to US Gaap - Monitor the global restructuring follow-up in accordance with the Transitional Service Agreement Show less

    • Mining
    • 100 - 200 Employee
    • Secretary-General / CFO
      • Dec 2009 - Nov 2011

      Coordinated the Finance team, credit & risk management, contracts, legal and tax (25 headcount) : Objective: Refocusing the business model from low margin steel wholesale activities to more profitable outsourcing long term supply contract solutions •Implemented financial performance indicators within 25 family product lines to identify business risks and real operating company contribution profitability •Validated financial assumptions on projects and strategic bidding (industry, aerospace, military) •Reinforced and optimized the net working capital during the severe TK credit rating downgrading •Take hands-on lead position of developing and implementing the aerospace customs program Achievements: •Generated € 5 million working capital reduction by revisiting credit insurance programs, process of invoicing, collection & inventory. •Created in 4 months of a bonded warehouse under the inward customs processing for the € 250 M Airbus contract. Show less

    • United States
    • Construction
    • 700 & Above Employee
    • Chief Financial Officer
      • Aug 2007 - Sep 2009

      Managed the Finance team, credit management / collection, insurance, quality and IT (32 people) on 2 sites Trappes & Nantes: Objective: Consolidated of the financial organization and the network of branches, particularly in terms of indicators and tools to measure profitability. •Developed an operational business control by branch and region , •Directed the matrix organization of finance (global centers of expertise, shared services in Dublin) and outsourcing of support functions (Property & facilities, IT, Procurement), •Designed the French restructuring plan and relocation of Finance department Achievements: •Analysed, planned & executed reliable tools & indicators leading to restructuring business operations during the 2007-2009 downturns (19 branches closed) aligned with US HQ. •Streamlined the entire finance functions to the European facility. Show less

    • Canada
    • Financial Services
    • 1 - 100 Employee
    • Chief Financial Officer
      • Jan 2005 - Aug 2007

      Supervised the Finance team, Credit scoring , Contracts, Pricing (15 headcount) Objective: Create the CFO function, establishment of steering tools for contract / activity, validation of different strategic options •Reviewed the business model after massive P&L adjustments (including residual values impairment, remarketing costs), analysis of risks and opportunities for the shareholder •Designed critical key business indicators and operational controls (Return On Equity, return on contract, car sales profitability, annual volume bonus, maintenance grid) Achievements: •Strengthened reporting and action plan to company group standards, •Severe accounting cleansing to fit strategic reorientation •Preparation of the due diligence and negotiations to sell to Lease Plan Car Rental Show less

    • Switzerland
    • Tobacco Manufacturing
    • 700 & Above Employee
    • Chief Financial Officer
      • May 1998 - Jun 2004

      Camel, Winston, Benson & Hedges, Mild 7 Excom Member, directed the entire financial functions, Purchasing & Procurement, Supply Chain and IT (27 people) Objective: Planned & structured the Costs & management optimization of Finance / IT / Marketing Purchasing / Facilities and implementation of an ERP (SAP) •Designed a decision tool for improving the tobacco logistic flows between the German plant and the French distribution network (former Seita-Altadis) • Implemented of SAP FI/CO/MM in 10 months and migration of all accounting transactions to the Shared Services Center in Manchester. Supervised the 2 projects, redesign, change of organization. •Created a centralized purchasing department. Streamlined the reliability of budgeting procedures and hierarchical intranet rights and management procurement by tenders: outsourcing of the promotional logistics and optimizing the car fleet, telecom and IT costs Achievements: •Coordinated the SAP and Siebel implementation on time, •Designed process reengineering with the financial SSC in Manchester •Achieved 20% working capital reduction & 13% cost reduction Show less

    • Sweden
    • Telecommunications
    • 700 & Above Employee
    • Chief Financial Officer
      • Dec 1992 - Jan 1998

      ExCom & Board member, In charge of Finance, Administration and IT (10 people) Objective: Provided leadership and financial information in a very competitive telecom environment •Organized operational business control tools, Sales analysis / deals & tenders margins, by products and categories, by distribution channels. •Optimized finished goods inventory management, spare parts, negotiating Swedish transfert price Achievements: • Improved EBITA margin by 20% despite hard technological competition with strong KPI follow-up, •Generated Net working capital gain of 15% Show less

    • South Africa
    • Equipment Rental Services
    • 100 - 200 Employee
    • Accounting Manager
      • Jan 1989 - Aug 1992

      Avis Lease (sold to GE Capital & Arval) Avis Lease (sold to GE Capital & Arval)

    • Business Consulting and Services
    • 700 & Above Employee
    • Senior Auditor
      • Sep 1984 - Aug 1988

Education

  • Conseil de l'Ordre des Experts-Comptables
    French CPA-Chartered Accountant (Diplôme d'Expertise Comptable)
  • IAE de Paris
    Master CCA (Comptabilité Contrôle Audit) - IAE Paris - Sorbonne Business School)
    1983 - 1984
  • Institut Supérieur de Gestion
    Business and Financial School
    1979 - 1983
  • HEC Paris
    Visa for IFRS : HEC / OEC / CNCC

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