7 contacts
Paris Business School - ESCP (France - 1998) and Master of Business from the Technical University of Berlin (Germany - 1998). AMSEC Master (1999).
Joined GE in 1998 through the Financial Management Programme (FMP). I have now 10 years of financial management experience in GE, including 6 years interacting and supporting actively industrial operations, supply chain, manufacturing and sourcing teams.
Having worked in 4 different industries (Chemicals, Water Treatment & Equipment, Healthcare Life Sciences and Medical Devices) and 7 different countries (France, Netherlands, Belgium, Germany, Spain, Sweden, US), I can rapidly adapt to new teams, products, business cycles, environment and cultures.
I know how to operate in a multinational structure with multiple reporting requirements and extremely tight deadlines, but also in very entrepreneurial types of roles requiring independence, creativity, self-confidence and strong execution.
Key skills & experience:
- Operations Finance Manager in diverse business units (Manufacturing, Service, Equipment and Biotech). 9 years on industrial sites
- Broad financial expertise & acumen (US GAAP, Financial Planning & Analysis)
- Control and planning all finance related activities in a global environment
- Legal entity management, restructuring, mergers and closure
- BD through small disvestures, integration of new acquisitions, set up of new operations (Dubai) and outsourcing to low cost countries (India/China)
- Team leadership experience of managing up to 16 professionals
- Simplification/Improvement of business processes through Lean and Six Sigma. Experience in building viable solutions, systems and processes
- Strong people mindset, keen on coaching individuals
Speak fluently French (Mother Tongue), English, Spanish and German.
Specialties:
Finance Management and Planning, Six Sigma Certified Black Belt, Strong Process Thinker. Finance Integration, Supply Chain
Cyril Fessard
Financial Planning & Analysis Manager, GE Healthcare
Stockholm - Sweden
| English | French |
A former student at |
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ESCP (Majeure Finance)
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TU Berlin (Technische Universität)
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Prépa (Classe Préparatoire HEC)
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Since 2008: GE Healthcare |
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Financial Planning & Analysis Manager
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GE Healthcare Clinical Systems - Division Interventional
Based in Paris/Buc, France. Global Financial Planning & Analysis manager for the Interventional division: $270M revenue in direct (North America) and $300M indirectly (outside North America), management of global R&D investments, product portfolio management and US Distribution. Responsibility for driving financial visibility, timeliness and accuracy in the division's reporting mechanisms as well as day to day business support to operations and management. |
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Sector: Medical Equipment
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Since 2007: GE Healthcare |
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Global Sourcing Finance Leader
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Based in Stockholm/Uppsala, Sweden.
Develop medium term strategy with Sourcing and Operations in order to secure material supply while achieving significant cost reductions (~3-4%), and improve the working capital. Identify strategic in-/out-sourcing opportunities with major productivity gains. Re-define KPIs, develop the tools and processes to drive tactical execution. Chemicals, instruments, service and OEMs - $200M annual spend. |
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Sector: Biotech
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2006 - 2007 : GE Healthcare |
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Business Integration Finance Leader
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Based in Stockholm/Uppsala, Sweden.
Led the finance integration of Biacore, a global BioTech business acquired on the Swedish Stock Exchange: $100M Revenue, 300 employees. Managed a global finance team (15), as well as the work from 5 accounting agencies in Europe and China, and progressively transitioned activities to functional experts. Partnered with operations to restructure the business and achieve 20% cost savings. Led closure/merger of 8 legal entities in Europe, Asia and the US, jointly with Legal, Tax and HR. |
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Sector: Biotech
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2003 - 2006 : GE Water Technologies |
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Supply Chain Finance Manager EMEA
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Based in Brussels/Heverlee, Belgium
Led finance team in 4 chemical plants (blending) located in Belgium, France, UK and Italy; scope of operations included Sourcing, Chemical Production, Distribution, Equipment Assembly and related Supply Chain (~1000 projects/units per year, $50M sales). Strong interaction with commercial teams to analyze and forecast sales margins. Strong involvment in Business Disvestment activities and in financing and building a new plant in the Middle East. Responsible for controlling and analyzing ~$150M of costs. Team of 5 direct report. |
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Sector: Chemical industries
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2001 - 2003 : GE Plastics |
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Six Sigma Black Belt (Finance)
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Based in Bergen op Zoom, Netherlands.
Designed and implemented a web based customer management application (‘MyTerritory’) for the EMEA Sales Operations. Used DFSS to achieve a significantly reduction in back office work (1 day per week). Also developed a data warehouse that integrated commercial and financial information from 16 operating systems. |
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Sector: Chemical industries
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2000 - 2001 : GE Plastics |
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Pricing Process Leader and Sales & Order Manager
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Based in Bergen op Zoom, Netherlands.
Formed a team of 16 specialists to organize and execute the Euro conversion of 8,000 sales agreements. Defined pricing accuracy metrics and initiated weekly reviews to drive issue resolution. Also responsible for reporting volume, price and customer trends in EMEA and for preparing weekly regional sales reviews. |
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Sector: Chemical industries
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2000 - 2001 : GE Plastics |
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Pricing Analyst
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Based in Bergen op Zoom, Netherlands.
Worked jointly with the sales teams to identify opportunities to improve the components of the price mix and manage new price requests. Monitored the resolution of price claims and controlled the settlement of volume rebates and price discounts. Contributed to the implementation of a new price management system in EMEA. |
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Sector: Chemical industries
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1998 - 2000 : GE Plastics |
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GE Financial Management Programme
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Based in Bergen op Zoom (Netherlands), Antwerp (Belgium), Cartagena and Barcelona (Spain)
A two year finance program aiming to develop leadership and analytical skills through classroom training and 4 international assignments. Learnt how to operate as a business partner and support operations with value added analysis. Took job assignments as division commercial analyst (Bergen op Zoom, Netherlands), assistant controller for the group consolidation (Antwerpen, Belgium), assistant plant controller (Cartegena, Spain) and regional finance controller (Barcelona, Spain). |
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Sector: Chemical industries
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Hobbies |
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Running, Skiing, Kite-surfing, Travelling
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