Jean-Pierre Pennacino

Biosite Incorporated is a leading bio-medical company commercializing discoveries for the advancement of medical diagnosis. The Biosite Triage(R) rapid diagnostic tests are used in more than 70 percent of U.S. hospitals and in more than 60 international markets

RESPONSIBILITIES
All financial aspects of the European operations: reporting, business support, design and management of commissions and sales plans, etc. Managing a 10 people team.

ACHIEVEMENTS
Since joining the company 4 months ago
-improved the reporting process and reliability of the accounts
-laid plans for a Shared Service Center, a logistic and tax optimization
-started operational process like product forecasting for manufacturing
-started optimizing treasury processes in the region
-improved the way the team functions and operates together accross several countries.

Sector: Biotech

GEMALTO
The company is the worl leader in smartcard manufacturing

RESPONSIBILITIES
-Finance Director, leading Lean Six Sigma deployment for Finance (3 Black-Belt Team) and Finance Strategic Programs. Also Finance Systems team manager (6 people)

ACHIEVEMENTS
-Reduced Forecast lead time from 9 to 4 weeks (worldwide project in matrix org.)
-Implemented Hyperion Planning and Esbase Cube (10 sites and 70 users)
-Re-engineered cost center accounting and reporting. Reduced cost centers by 30%
-Executive Information System development based on the Company’s Tableau de Bord.

Sector: Electronics and microelectronics

RESPONSIBILITIES
-Responsible for compliance with all US GAAP and IFRS aspects. Reporting to the Group CFO. Doted line responsibility on all accounting teams (120 people)
-Managed external and internal reporting of the Group (consolidation of 80 legal entities with a six-person team).
-Responsible for compliance with all financial requirements related to the Company’s stock market listings: annual report, 20F, SEC and AMF contact person, Sarbanes-Oxley

ACHIEVEMENTS
-Developed Group accounting principles and processes, in accordance with business needs: revenue recognition, R&D capitalization, Hedge accounting, stock options
-Developed financial systems and procedures supporting double listing in Paris (IFRS) and NASDAQ (US GAAP), following the company’s IPO
-Reduced WW close from 14 to 7 days, and increased significantly accounts reliability

Sector: Electronics and microelectronics

MOTOROLA SEMICONDUCTOR
I was employed by the semiconductor division (5 billion USD revenue) of High-Tec giant Motorola

RESPONSIBILITIES
-Member of the site Management Committee (1500 people on site)
-Site manager of all Group financial matters: investment decisions, cost saving programs, transfer of lower value-added activities (6 people)
-Cost accounting manager for all European sites (3 sites, 5000 people in total)

ACHIEVEMENTS
-Developed a profitability model based on financial and operational metrics
-Managed inventory valuation and European cost accounting split, coordinating teams in the UK, Italy, Germany and France, as a member of a divisional spin-off team

Sector: Electronics and microelectronics

RESPONSIBILITIES
-Manufacturing Analysis Team manager at the Toulouse site (5 people)
-Management reporting, budget and forecasts, analysis of plant results and profitability levels by Business Unit, investment decisions (total costs of 1 billion dollars a year)

ACHIEVEMENTS
-European cost accounting centralization achieved in three months
-Standardized costing processes and implemented a web-based interface with accounting, which allowed final centralization in the China Shared Service Center
-Improved cost models by implementing Activity-Based Costing

Sector: Electronics and microelectronics

PWC
The company is one of the big four audit companies

RESPONSIBILITIES
-Financial audit of a diverse client base, including public and private companies in the financial services and industrial sectors, ranging from € 1.5 million to € 1.0 billion

ACHIEVEMENTS
-Financial Controller of the Indonesian subsidiary of an international company (one-year assignment, contract manufacturing business)

Sector: Certified Public Accounting