1 FS Partners AG Bahnhofstrasse 19 CH-9100 Herisau Tel Fax Profile Simon Frei Managing Partner projects optimization Head of Finance Consulting SAP implementation Asia board of directors CFO Finance Organization Reporting IT Strategy Rolling Forecast Efficiency improvements Shared Services Merger Business Transfer Integration Business Model Compliance 1. September 2013
2 Name Year of Birth Simon Frei 1969 Nationality CH Education Bachelor degree in Economics MBA Rochester-Bern Controller Academy Deyhle Certificate of Proficiency Languages German, mother tongue English, proficiency level French, good level in read and word Spanish, good level in read and word Contact details Areas of expertise: Industry and Function Industrial products High Tech products Textile machinery Beverages Clothing Management Consulting Head of Finance/Regional Controller/Head of Consolidation Segment CFO / Regional CFO Legal Unit CFO Manager / Managing Partner Professional experience Up to now (4.5 years): Managing Partner FS Partners AG 3.5 years segment CFO and CFO Asia / Shanghai Oerlikon (January 2006 May 2009) 2 years Thurella (January 2004 December 2005) 2 years Strellson (March 2002 December 2003) 2 years Financial Controller for Financial Holdings Holcim (December 1999 February 2002) 1.5 years Consultant on Manager level PricewaterhouseCoopers (March 1998 November 1999) 10 years as Head of Finance & Controlling/Consolidation/Reg. Controller Sulzer (May 1988 February 1998)
3 Areas of expertise: Management Positions as Chief Financial Officer Streamlining/Optimizing global business activities (tax, business models) Localizations into China and Singapore Definition of business models for Asian subsidiaries General Consulting in connection with doing Business in China Optimization projects for net working capital and free cash flow improvements Setting up worldwide cost reduction programs for large Swiss corporations Leading the financial part in restructuring projects (Restructuring Controlling) Building up shared services for large corporations Implementation of MIS tools Implementation of ERP Solutions (SAP, Navision, Axapta) Implementation of Consolidation tools (COGNOS, Hyperion) Implementation of Business Warehouse Solutions on the basis of SAP-BW M&A transactions (carve-out, integrations, due diligence, etc.) Transfer pricing (Analysis and documentation) Building up of monthly rolling forecasts Strategy and long term financial planning Implementation of IFRS and Swiss GAP FER Implementation of reporting manuals and booking guidelines International experience 1 year UK 6 month Spain 5 years China Example of Mandates under FS Partners Acting as Interims CFO China (2 years, 7 month) for a large Swiss corporation in the Textile industry. Localization of products into China in order to achieve lower manufacturing costs and increased market share. Increasing workforce from 400 to 1200 employees while increasing sales from 35M CHF to 200M CHF within 3 years. Investment of CHF 80M into new production plant. At the same time restructuring the Chinese legal entities in order to optimize cost levels and processes. Acting as interims global operations Controller for a large Swiss Manufacturing company for a period of 6 month. Setting up a worldwide continuous cost reduction program within the a Division with a turnover of 1.5B CHF. Implementing and controlling the tool, tracking of all initiated savings across 25 legal entities.
4 Detailed description of professional experience OC Oerlikon Group Vice President, Chief Financial Officer Asia Turnover ca. CHF 800 Million, 1300 employees Heading the local CFO s in 20 subsidiaries across Asia Member of the board of all Asian subsidiaries Heading the local accounting department of Oerlikon Shanghai Ltd. Supporting the Asia president and the local CEOs in all financial matters and activities Support the BU and segment CFO s in various projects in Asia Develop and direct the activities of the professional staff involved with the financial aspects of regional operations, including forecasting, planning, budgeting, credit and collections, cost accounting, financial control systems, reporting, cash management, foreign currency hedging, intercompany financing and handling of third party accounts, etc. Building up of new shared services centers in Asia, especially after the integration of the Saurer group of companies. Securing that integration to the shared services function finance is happening all over Asia. Implement and maintain the Budget-, Forecast- Investment- and Reporting processes as per Corporate Guidelines and instructions Actively review and implement the business models decided for each division in close co-operation with Corporate Finance Coordinate with Corporate Internal Audit regarding the development and implementation of an efficient and effective system of internal control processes Share knowledge, train and consult the F&A team in Asia Continuous support and service to Oerlikon internal customers Representation tasks Building up an Asia cash pooling across all legal entities in Asia together with City Bank Implement a business warehouse solution for the Oerlikon Balzers Coating Business Building up the Oerlikon Solar Activities in Singapore (green field) OC Oerlikon Group (Division ESEC) Vice President, Chief Financial Officer Turnover ca. CHF 250 Mio., 800 employees Heading the Finance & Controlling department of the ESEC headquarter as well as all subsidiaries Board member of all ESEC subsidiaries Consolidation of the ESEC subsidiaries (14) on Hyperion (IFRS) according to corporate guidelines Responsible for all finance activities of the ESEC subsidiaries Implementation of a new production site in Singapore (business model, EDB, tax, etc.) Ensuring timely and accurate closings Monthly establishment of the MIS reporting and cockpits Heading the project of divesture of ESEC out of the Oerlikon group Implementation of new pre- and post calculation tools Cash management
5 Thurella Turnover ca. CHF 200 Mio. 300 employees As member of the executive board Full responsibility for all accounting, HR and IT matters of the Thurella Group of companies Implementing totally new structures in the accounting department: ERP system, MIS, staff, etc. Implementing Swiss GAP FER (including accounting guidelines) Implementing cost accounting (cost centre, profit centers) Implementing pre- and post calculation tool and process Implementing a new MIS for internal use and bank relation Be a direct contact for all bank relations and credit management Financial guidance in the restructuring project of closing one production site Integration of the newly acquired production site Integration of the acquired Biotta AG Strellson Turnover ca. CHF 100 mio, 700 employees As group CFO member of the executive board of the Strellson Group Full responsibility for all accounting, HR and IT Matters of the Strellson Group of companies Reporting to Share holders and Board of directors Heading the whole budgeting process Consolidation of the Strellson group of companies in reporting periods Controlling Cash Management Heading the IT department with 5 employees Heading the HR department with 2 employees Building up an outlet store in Metzingen Germany Responsible for all contracts Member of the board of all Strellson subsidiaries Holcim Group Financial Controller for Financial Holdings IFRS consolidation for 50 Financial Holdings of the Holcim Group Implementation of IFRS 39 (financial instruments) and responsibility for the worldwide workshops Establishing monthly MIS incl. Management commentary and KPI Cockpit Heading the project to implement SAP R3 for all Financial Holdings Heading the project to establish a standardized chart of account for all Financial Holdings Part of the implementation team of a new treasury software
6 PricewaterhouseCoopers Manager Dispute Analysis and Investigation Project related work in Switzerland and abroad for the investigation of white collar crime Heading the local teams at customers site Establishing the necessary reports for the lawyers to represent the legal case in court Organizing various customer events and marketing activities Sulzer Head of Finance & Controlling/Consolidation/Regional Controller Establishing Forecast, Budgets and Closings for the Sulzer International Group on FDC according to IFRS (roughly 40 companies) Implementing SAP R2 for the newly founded Sulzer International Ltd. Installing an accounting team of 5 employees Heading the consolidation team Responsible as a Regional Controller for the regions Middle East Asia and South America with a turnover of CHF 250 Mio. Being a project member in the implementation team of the FDC consolidation tool for the Sulzer group