C U R R I C U L U M V I T A E PERSONAL DETAILS Nationality Marital Status Date/Place of Birth German Married, two children (19 and 16 years old) 15 June 1958 in Saarbrücken, Germany Academic Qualifications Doctorate: Doctor rerum oeconomicarum: magna cum laude (1987) Masters in Business Administration. Grade: B (1982) High school diploma. Grade Average: B (1977) Foreign Languages English: fluent French: good spoken and written skills BRIEF PROFILE Senior Manager / CFO with strong implementation skills and international experience in manufacturing companies in the food, automotive and textile industries and the real estate sector. Proven success in the implementation of syndicated loans, cost reduction and increased efficiency, re-engineering of subsidiaries, restructuring, M&A activities and post-merger integration both in family owned companies and Private-Equity investments PROFESSIONAL BACKGROUND Since 01/2009 Freelance Interim Manager and Partner in MAYLAND AG Since 07/2009: Assignment as Project-Manager in an international family-owned group with two divisions: Supplier to the automotive industry (development, production and sale of products for total car acoustics) and machine construction / plant engineering (revenues EUR 477 million; employees 4,600) Project 4: (since 05/2010): Project-Manager for a complex project for compliance of a plant (revenues EUR 80 million) with different environmental protection regulations Project 3: (10/2009 05/2010): M&A-Manager - Management of the transaction, successful closing of an asset deal, pre-check and evaluation of the target Page 1 CV Dr. T. Brettar
(revenues EUR 50 million; employees 300), organisation and execution of the due diligence (Commercial, Financial, Legal, Tax, Environmental), negotiation of the Asset Purchase Agreement with the seller (insolvency administrator), negotiation of a company agreement (incl. special contribution) with the Unions, negotiation of financing with the banks, definition of the legal structure for the deal, implementation of the post-merger integration project, carrying out signing and closing (May 2010) Project 2: (12/2009 05/2010): M&A-Manager - Managing the section Finance and Evaluation in a cross-border-merger-project, alignment of the stand-alone business plans with regard to planning assumptions and accounting principles (IFRS), preparing a combined business plan based on the stand-alone business plans, synergies and restructuring projects project stopped due to results of due diligence (to low synergies) Project 1: (07/2009 12/2009): Chief Restructuring Officer (CRO) - Monitoring the restructuring projects defined in a restructuring report, implementation of a project organization and report, optimization of processes and bank reporting Since 01/2009: Assignment as Chief Financial Officer (CFO) in an investment of a Private Equity Company: Development, sale and distribution of branded goods in the cosmetics industry (revenues EUR 30 Mio; employees 30) Re-negotiation of the finance contract, implementation of factoring within 8 weeks with improvement of liquidity by EUR 4 Mio., introduction of a business planning process, improvement of the controlling system and logistic processes, optimization of the sales force by re-organization the area structure based on special visualization Since 10/2008: Partner in MAYLAND AG, Düsseldorf, M&A-Boutique specialised in mid-cap transactions www.mayland.de responsible for pre-transaction optimization, restructuring, due diligence, business planning, financing, management training, contract negotiations and contractual arrangements, postmerger integration 08/2007 02/2009 C F O Employer Zamek GmbH, Düsseldorf Industry Family-owned group of companies for development, production and sale of products for the food industry (soups, dressings, condiments instant and liquid) (revenues EUR 100 Mio; employees 550) www.zamek.de Responsibilities Responsibility for Finance, Controlling, Purchasing, HR and IT of the group Managing Director of the subsidiary Zamek Nahrungsmittel Dresden GmbH Managerial responsibility 110 employees Professional Achievements Re-organization of legal group structure for complexity reduction, negotiation and Page 2 CV Dr. T. Brettar
implementation of a redundancy programme for 43 people in Düsseldorf, outsourcing of payroll service, implementation of Balanced Score Card and target agreements as management tool, working capital reduction by 20%, organization of procurement from Eastern Europe with cost reduction by 30%, close-down of tinned food production and transfer to external procurement 11/2000 07/2007 C F O Employer Carcoustics International GmbH / illbruck Automotive International GmbH, Leverkusen Industry International supplier to the automotive industry development, production and sale of products for total car acoustics and heat management (revenues EUR 304 million; employees 2,200) with 18 subsidiaries in 13 countries www.carcoustics.com Responsibilities Global responsibility for Finance, Controlling, Purchasing, HR and IT Managerial responsibility 120 employees Professional Achievements Execution of the sale of the illbruck Automotive Division and closure of a Management Buy Out (MBO) with the Private Equity Investor AlpInvest, transition management from a family business to a private equity company, development of headquarter functions following the MBO, refinancing of the entire group (reduction of interest expenses by EUR 1,4 million p.a. 29%), cost reduction programme in purchasing, reengineering of a subsidiary in the US, acquisition and post-merger integration of a company in the UK, selective outsourcing of the SAP operation, roll-out of the SAP-implementation into subsidiaries in Germany, UK and the USA, development of sourcing from Eastern Europe, introduction of company-wide netting, design and implementation of a management development programme 10/1998 10/2000 C F O Employer van Laack GmbH (DELTON GROUP - Shareholder: Stefan Quandt), Mönchengladbach Industry Fashion development, production, sale and retail (revenues EUR 60 million; employees 1,100) with 12 subsidiaries in 11 countries www.vanlaack.de Responsibilities Global responsibility for Finance, Accounting, Controlling, IT and HR Managerial responsibility 40 employees Professional Achievements Set-up and development of flagship stores in London, Singapore, Paris, Vienna and Frankfurt with a central merchandise management system; set-up and development of a joint venture in Indonesia 10/1994 09/1998 Head of Administration Employer City 7b KG / Iduna Nova, Wiesbaden Industry Sale, Real Estate Project Development (revenues EUR 110 million; employees 180) Responsibilities Responsibility for Finance, Accounting, Controlling, Tax and IT Managerial responsibility 25 employees Professional Achievements Introduction of project controlling, launch of closed property funds, introduction of an inventory management system for real estate Page 3 CV Dr. T. Brettar
10/1990 09/1994 Head of Finance / Controlling Employer DELTON GROUP (Shareholder: Stefan Quandt ), Bad Homburg Industry Holding with the divisions: Pharmaceuticals, Electricity, Fashion, Packaging, Logistics (Group revenues EUR 500 million; employees 5,400) - www.delton.de Responsibilities Initially Projects/Audit Associate, subsequently Department Manager Controlling, business management for the holding, ultimately Head of Finance/Controlling and Authorised Signatory for the subsidiary IPG Fashion Holding GmbH, Mönchengladbach Managerial responsibility 10 employees Professional Achievements Development of a planning and controlling system for the Group, post-merger integration of two acquired family-owned fashion companies into the Group, Sale and close-down of a plant in Hong Kong 10/1987 09/1990 Holding Controller in the Chemical Industry Employer Metallgesellschaft AG (now gea AG/mg technologies ag), Frankfurt Industry Commercial Trading / Plant Engineering and Construction / Chemicals (Chemicals Division revenues EUR 600 million; employees 4,400) Responsibilities Preparation of the budget and internal reporting, gap analysis, support and supervision of subsidiaries Professional Achievements Implementation of investment controlling, financing of the acquisition of two companies in Brazil through debt-equity swap EDUCATION 10/1982 07/1987 Doctorate at the University of Saarland Dissertation: Operational Energy Economics Concept 09/1977 10/1982 Study of Business Administration at the University of Saarland 08/1968 05/1977 St. Ingbert Grammar School OTHER Since 10/2008 Honorary judge at Local Labour Court, Düsseldorf Page 4 CV Dr. T. Brettar
P R O F E S S I O N A L E X P E R I E N C E RESTRUCTURING Identification of measures for restructuring, cost reduction and liquidity protection Restructuring and optimization of a sales force organization by visualization and simulation of optimized solution Negotiation and implementation of a social plan and personnel reduction Monitoring of restructuring projects as Chief Restructuring Officer (CRO) Negotiation of a company agreement (incl. special contribution) with the Unions Negotiations with banks in a restructuring case LIQUIDITY MANAGEMENT / FINANCE Implementation of a syndicated loan based on LMA-standard Set-up of liquidity and cash flow planning Liquidity improvement by working capital management and monitoring with key performance indicators (DSO Days Sales Outstanding, DIH Days Inventory Hold, DPO Days Payables Outstanding) Introduction of company-wide netting with a significant reduction of intercompany transactions Organization of a dunning policy and optimized dunning process Set-up of specialist financing e. g. leasing, factoring, reverse factoring, sale-and-lease-back M & A TRANSACTIONS Selling transactions: preparation of the business-plan / description of the business model / preparation of the memorandum and data room / due diligence / management presentations / road show for syndication Page 5 CV Dr. T. Brettar
Purchasing transactions: management of the complete transaction / selection, analysis and evaluation of the target / due diligence (Commercial, Financial, Legal, Tax, Environmental, Insurance) / negotiation of sale and purchase agreement (SPA) / carrying out signing and closing Realization of four post-merger-integration projects Financing of the Deal CONTROLLING Implementation of a controlling and reporting system with key performance indicators for cash flow and value drivers Controlling of international subsidiaries Implementation of invest controlling Investment evaluation based on discounted cash flow analysis (DCF) ACCOUNTING Optimization of monthly and year-end closing (Fast Close) Reorganization of the accounting system Optimization of intercompany business HUMAN RESOURCES Organization of a tailor-made management development programme with assessment, feedback and career planning Outsourcing of payroll services Implementation of a Balanced Score Card (BSC) for aligning goals across the departments Concept for variable compensation based on target agreements Reduction of sickness ratio Implementation of standardized processes for recruiting, job training, leaving and administration Personnel reductions / Outplacement of employees Page 6 CV Dr. T. Brettar
PURCHASING Cost reduction programme with reorganization of the supplier structure Strategic refocus of suppliers / reduction of the number of suppliers Organization of sourcing from Eastern Europe Optimization of aluminium supply Reorganization of the supply chain Standardization of the request for quotation process (RFQ) Outsourcing of services Page 7 CV Dr. T. Brettar