Petri Nikula
Chief Financial Officer, CFO at Boskalis Terramare- Claim this Profile
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Bio
Experience
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Boskalis Terramare
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Finland
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Maritime
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1 - 100 Employee
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Chief Financial Officer, CFO
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Sep 2017 - Present
I direct and supervise a 10-member finance team across the Nordics and report to Boskalis Group CFO. I am a Management team member and Boskalis Group’s global financial leadership network member. I manage and oversee Terramare’s finance operations, including budgeting, forecasting, financial accounting and reporting, and financial risk management. I administer tax activities and ensure compliance with all relevant tax and regulatory legislation and guidelines. Moreover, I operationalize and champion the group’s financial framework and governance policies to mitigate risk and optimize resource use. KEY CONTRIBUTIONS - Built a well-functioning and seamlessly operating Nordic finance team, including the payroll function. - Enhanced organizational resource utilization practices, leading to greater efficiency and cost reduction, by planning and conducting the adoption of Infor LN, a finance ERP system. - Strengthened data visualization efforts, resulting in in-depth and meaningful insights for data-driven decision-making by leveraging MS Power BI for reporting and forecasting. Company info: Terramare Oy, a subsidiary of the Dutch Boskalis Group, offers construction, dredging, and civil engineering services in the Nordics and Baltics. 2022: annual turnover - 63.9 M€, employees - 132. Show less
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Bravida Finland Oy
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Finland
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Construction
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100 - 200 Employee
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Business Controller
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Oct 2015 - Aug 2017
After the acquisition of Halmesvaara in 2015, I transitioned to Bravida. I played a pivotal role in facilitating Bravida’s successful entry into the Finnish market and seamlessly integrating Halmesvaara’s systems into Bravida’s. I engaged extensively in budgeting, forecasting, consolidation and financial analysis and presented actual vs target results to Bravida’s head office in Stockholm. Reported to the CFO. KEY CONTRIBUTIONS - Established controller function in Finland. - Delivered greater synergy and minimized disruptions arising from the acquisition and ensured the overall viability of the transaction; planned and executed a streamlined organizational and systems integration plan. - Chosen to co-develop and roll out guidelines and schedules tailored for Bravida’s Finland operations. - Systematized processes and functions by deploying an ERP system for further M&A transactions. - Played an active role in conducting detailed reviews and analyses of investment opportunities and in facilitating mergers, integrations, and organizational restructuring efforts. Company info: Bravida is a leading Nordic construction and building service technology company providing and installing electrical, heating, plumbing, HVAC, and other technical solutions in business and industrial settings. 2018: annual turnover- 88M €, employees -560. Bravida is also the largest employer in electrical, heating and plumbing, and ventilation in the Nordic region. Show less
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Halmesvaara Oy
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Espoo, Finland
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Chief Financial Officer, Group CFO
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Dec 2009 - Oct 2015
I managed a team of three professionals ( invoicing, payroll, and administrative support). I was a Management team and Board of Directors member, served as secretary during board meetings, and was entitled to vote as a shareholder at Annual General Meetings. Reported to Managing Director and Board of Directors. I established and operated a well-running finance function comprising all necessary processes, practices, controls, and systems to maximize financial performance and comply with relevant legal, regulatory, and risk management guidelines., I also engaged in HR and IT functions when overseeing Halmesvaara’s transition from a family-owned business to a new, demanding private equity ownership concept. I worked with the Board to complete due diligence and negotiations for acquiring Bravida AB. KEY CONTRIBUTIONS - Transformed financial management systems and processes from a traditional to a high-quality, sustainable concept, generating positive feedback from a publicly-listed Swedish buyer. - Propelled more robust strategic decision-making and implementation systems while navigating transition processes by architecting and launching a solid new monthly reporting system. - Engaged extensively in negotiations with financiers to secure a loan and related covenants; planned capital structure. - Key player in the acquisition of Taterat, an electrical installations company - Ideated and implemented a more transparent and well-organized information structuring system. - Improved cash flow monitoring and analysis by concepting and executing a new invoicing process. Company info: Halmesvaara provided construction and building installation technology services and solutions. It comprised 6 limited liability companies. 2015: annual turnover - 30M €, employees - 100. In 2015, Halmesvaara was aquired by Bravida. Show less
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Skanska
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Sweden
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Construction
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700 & Above Employee
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Business Controller, Nordic Procurement Unit
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Sep 2008 - Nov 2009
I planned, completed, and strengthened the Nordic Procurement Unit reorganization in line with Skanska’s broader financial, profitability, and operational goals. To ensure optimal unit performance, I set targets and KPIs, and monitored actual results. Furthermore, I introduced new IT systems to leverage automation and increase efficiency. I also implemented new reporting and governance measures.KEY CONTRIBUTIONS- Bolstered financial management goals in line with broader company vision and objectives by overseeing critical planning, budgeting, and follow-up efforts; ensured effective allocation of resources.- Strengthened information accuracy, process efficiency, and decision-making quality by introducing IT-powered reporting systems for financial information.- Planned and conducted audits to ensure full compliance with commonly agreed operational principles.- Provided leadership and supervision to Finnish procurement staff; credited for growing team capacity. Company info: Skanska is a construction and civil engineering provider. 2019: annual turnover - 1.072 M €, employees - 2196. Show less
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Business Controller, Civil Engineering/ Infra, Construction and Manufacturing
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Jan 2004 - Aug 2008
I led key financial, economic, and strategic functions, including financial reporting, budgeting and forecasting, controls/revenue recognition, project audits, and transactions; acted as Managing Director of Skanska Betoni Oy after the disposal of the business. I was a member of a Division Management Team, Skanska Business Support Team, and Nordic Controllers’ Group.I explored transaction opportunities and conducted in-depth reviews, analyses, and due diligence for ongoing M&A activities. KEY CONTRIBUTION- Played a pivotal role in negotiating and executing an M&A transaction that resulted in the successful sale of Skanska Betoni Oy's business. Show less
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Finance Manager, Skanska Kodit
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Jan 2003 - Jun 2004
I managed financial and management reporting functions, ensuring the accuracy and timeliness of relevant information as reported to the group’s management. I led an accounting and ledger team of 4 to 5 professionals. Acted as residential Project Development unit business controller, Management team member. Reported to Managing Director. I also engaged in budgeting and cash management, provided strategic insights and support to organizational leaders, and navigated challenging VAT issues.
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Finance Manager, Skanska Etelä-Suomi Oy, Construction & Building
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Nov 2000 - Dec 2002
I led a 15-member team (accounting, finance, and reporting). I was a Management team member. Reported to the Managing Director of Skanska Etelä-Suomi.I managed financial and management reporting functions, ensuring the accuracy and timeliness of relevant information as reported to the group’s management. I also engaged in budgeting and cash management, provided strategic insights and support to organizational leaders, and navigated challenging taxation issues.
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Outokumpu
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Finland
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Mining
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700 & Above Employee
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Business Control, Financial Analyses, Planning and Reporting
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Nov 1990 - Oct 2000
Business Controller | Outokumpu Copper Products, Espoo, Finland / London, UK, 2/2000-10/2000 Controller (Metal) | Outokumpu Rawmet (UK) Ltd., London, UK, 4/1997-1/2000 Financial Analyst, Assistant Controller | Outokumpu Copper, London, UK, 1/1996-2/1997 Assistant Finance Manager | Outokumpu Copper Oy, Espoo, 9/1993-12/1995 Finance Planner | Outokumpu Oyj, Espoo, 9/1992-8/1993 Assistant Controller | Outokumpu Unimec/Technology Oy, Espoo, 11/1990-8/1992 Business Controller | Outokumpu Copper Products, Espoo, Finland / London, UK, 2/2000-10/2000 Controller (Metal) | Outokumpu Rawmet (UK) Ltd., London, UK, 4/1997-1/2000 Financial Analyst, Assistant Controller | Outokumpu Copper, London, UK, 1/1996-2/1997 Assistant Finance Manager | Outokumpu Copper Oy, Espoo, 9/1993-12/1995 Finance Planner | Outokumpu Oyj, Espoo, 9/1992-8/1993 Assistant Controller | Outokumpu Unimec/Technology Oy, Espoo, 11/1990-8/1992
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Education
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Aalto University
Master of Science - MS, Accounting, Finance, Economics