David Kralik

David Kralik Email and Phone Number

Senior Sourcing Manager – Strategic Initiatives, AI and Risk @ GE Vernova
Zurich, Switzerland
David Kralik's Location
Zurich, Zurich, Switzerland, Switzerland
David Kralik's Contact Details

David Kralik personal email

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About David Kralik

David Kralik is a global transformation leader with nearly a decade of experience at GE (GE Vernova), driving impactful initiatives in change management and operational excellence. He excels at leading high-performing teams through complex challenges.As the Senior Margin Expansion & Cost Leader, David manages a portfolio exceeding $1BN, overseeing budget control and leading key strategic programs. His leadership has transformed the cost structure of the Gas Power Aero New Units business, resulting in substantial improvements in operational efficiency and financial performance.

David Kralik's Current Company Details
GE Vernova

Ge Vernova

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Senior Sourcing Manager – Strategic Initiatives, AI and Risk
Zurich, Switzerland
Employees:
59003
David Kralik Work Experience Details
  • Ge Vernova
    Senior Sourcing Manager – Strategic Initiatives, Ai And Risk
    Ge Vernova
    Zurich, Switzerland
  • Ge Vernova
    Senior Manager, Business Transformation And Cost Leadership
    Ge Vernova
    Zurich, Switzerland
  • Ge Vernova
    Senior Margin Expansion & Cost Leader (Business Transformation Office)
    Ge Vernova Aug 2021 - Present
    Zurich, Switzerland
    As a senior leader within the Business Transformation Office, I manage a team of six Full-Time Employees (FTEs), driving the operational execution of proactive cost management strategies to enhance business performance. My team plays a key role in optimizing the Aero Business, implementing initiatives such as supply chain and procurement optimization, product configuration changes, second-source development, and manufacturing improvements. Overseeing a portfolio of projects valued at over $1 billion, I ensure operational efficiency through hands-on collaboration with cross-functional teams, including engineering, manufacturing, sourcing, and project management, while consistently identifying opportunities for margin growth and ensuring project execution excellence.Key Responsibilities:➟ Providing the C-suite with detailed, data-driven weekly and monthly cost reports, offering actionable insights and early identification of cost variances allowing to drive actions and developing and execute mitigation strategies to safeguard operational and financial performance.➟ Leading cross-functional initiatives that prevent margin erosion while driving cost optimization strategies, delivering measurable results across the business ((e.g. Product Cost Out (PCO)).➟ Leading enterprise systematic initiatives in cost management, root cause analysis, and margin expansion, ensuring alignment with high-level business targets goals.➟ Driving major strategic programs, including second sourcing, global supply chain optimization, technical product enhancements, and high-impact bundle/volume purchasing initiatives.➟ Enhanced forecasting accuracy with standardized, automated solutions, ensuring real-time, data-driven decision-making at the highest levels.➟Achieved yearly margin growth targets of $15-35M by leading strategic, operations-driven initiatives across a ~$500M spend, implementing efficiency improvements and cost optimization programs.
  • Ge
    Cas Senior Finance Associate (Corporate Audit Staff)
    Ge Jun 2020 - Aug 2021
    Zurich, Switzerland
    The GE Corporate Audit Staff is the epitome of leadership development at General Electric, widely recognized for its elite program offering professionals unprecedented growth through three global assignments annually. Participants lead critical reviews in financial reporting, compliance, risk management, acquisitions/dispositions, and operational projects, focusing on cost productivity, margin expansion, and process improvement. The program's blend of rigorous training and diverse global leadership roles cultivates multifaceted leaders adept at navigating complex challenges.Review 3: GE Gas Power, London, UK | Balance Sheet Audit & Processes Optimization:➟ Conducted a comprehensive analysis of equipment cost estimation models exceeding $280M, pinpointing and rectifying process and IT deficiencies across multiple (7) factories. ➟ Revamped the forecast process and reinforced the control environment, resulting in improved accuracy & completeness of the models.Review 2: GE Gas Power, Prague, CZ | Long-Cycle Equipment Project Audit:➟ Executed a validation of long-cycle equipment project cost modeling surpassing $100M, showcasing a commitment to accuracy and completeness in project accounting (GAAP). ➟ Improved VAT evaluation models, resulting in a substantial $2M VAT refund, underscoring financial accuracy.Review 1: GE Gas Power, Atlanta, US / Budapest, HU | STAT & Tax Governance Advisory:➟ Developed and executed an innovative governance tool, facilitating seamless STAT & Tax regional and global reviews. ➟ Ensured adherence to timelines of STAT & Tax submissions across regions and played a pivotal role in aligning legal entity consolidation between GE Gas Power Stat & Tax, exemplifying strategic foresight.
  • Ge
    Cas Junior Finance Associate (Corporate Audit Staff)
    Ge Mar 2019 - May 2020
    Zurich, Switzerland
    The GE Corporate Audit Staff is the epitome of leadership development at General Electric, widely recognized for its elite program offering professionals unprecedented growth through three global assignments annually. Participants lead critical reviews in financial reporting, compliance, risk management, acquisitions/dispositions, and operational projects, focusing on cost productivity, margin expansion, and process improvement. The program's blend of rigorous training and diverse global leadership roles cultivates multifaceted leaders adept at navigating complex challenges. Review 3: GE Corporate, Monterrey, MX / Norwalk, US | Balance Sheet Audit & Postdisposition Assessment:➟ Led a risk assessment, scrutinizing a Comp&Ben balance exceeding $1.6B. ➟ Validated the accuracy and completeness of estimation models, leading to the identification and rectification of control breakdowns. ➟ Drove transformative improvements in accounting processes across diverse regions.Review 2: GE Healthcare, Sao Paulo, BR | Contingent Liability Audit & Legal Reserve Valuation:➟ Collaborated intensively with senior finance and legal stakeholders to quantify financial risk associated with legal claims exceeding $100M. ➟ Ensured accuracy and completeness in warranty models, showcasing a commitment to fiscal integrity.Review 1: GE Global Operations, Norwalk, US | Business Transformation:➟ Led comprehensive process and risk assessments during the strategic disposition of GE Global Operations, aligning intricate service level metrics with contractual obligations and internal protocols.
  • Ge
    Financial Management Program Associate, Ge Power
    Ge Jan 2017 - Feb 2019
    Zurich, Switzerland
    FMP is a rigorous two-year leadership program with four dynamic rotations, immersive coursework, and interactive seminars. Led by senior GE professionals, it cultivates outstanding technical, financial, and business skills, shaping participants into world-class financial leaders for rewarding careers.Rotation 4: Commercial Finance Analyst | GE Gas Power Systems, Belfort, FR (6-Month)➟ Led pivotal initiatives, ensuring seamless project execution and quarterly finance reporting.➟ Elevated financial control as the focal point of HQ inventory FP&A, emphasizing insights.➟ Led a transformative 6-month cost-out initiative, fostering efficiency and precision in financial reporting.Rotation 3: Controllership Analyst | GE Renewables HQ, Paris, FR (6-Month)➟ Optimized month-end closing activities with a focus on efficiency.➟ Initiated a 6-month manual journal entry transformation, reducing workload while refining policy standards.➟ Developed and executed a strategic plan, achieving notable reductions in closing time.Rotation 2: Income Statement Analyst | BHGE Subsea Services HQ, Aberdeen, UK (6-Month)➟ Oversaw ~$180M income statement, driving impactful financial insights through comprehensive Financial Planning and Analysis (FP&A).➟ Drove a transformative 6-month cost-out initiative, delivering a ~$400K EBIT impact.➟ Simplified reporting processes, saving ~380 hours annually over 6 months.Rotation 1: Supply Chain Analyst | GE Gas Power Systems HQ, Baden, CH (6-Month)➟ Directed the oversight of ~$600M cash flow statement.➟ Efficiently managed cash consolidation across ~7 diverse factories over a 6-month period.
  • Ge
    Global Collections Analyst For Distributed Power, Ge Power
    Ge Oct 2015 - Dec 2016
    Innsbruck, Tyrol, Austria
    ➟ Led accounts receivables collections exceeding $240M+, overseeing monthly cash collections and ensuring adherence to dispute escalation and bad debt reserve policies.➟ Implemented proactive collection strategies, coordinating global factoring activities to significantly improve accounts receivables conversion to cash.➟ Achieved a ~4% reduction in past dues YoY, showcasing effective risk management and financial control.➟ Delivered exceptional results with an impressive ~85%+ factoring penetration, contributing to enhanced cash flow and financial efficiency.

David Kralik Skills

Project Management Financial Analysis Microsoft Office Teamwork Corporate Finance Energy Financial Modeling Research Petroleum Oil/gas Investment Banking Consulting Accounts Receivable Mergers And Acquisitions Strategy Management

David Kralik Education Details

Frequently Asked Questions about David Kralik

What company does David Kralik work for?

David Kralik works for Ge Vernova

What is David Kralik's role at the current company?

David Kralik's current role is Senior Sourcing Manager – Strategic Initiatives, AI and Risk.

What is David Kralik's email address?

David Kralik's email address is david_kralik@mzv.cz

What schools did David Kralik attend?

David Kralik attended Lauder Business School, Lauder Business School, The Interdisciplinary Center.

What are some of David Kralik's interests?

David Kralik has interest in Economic Empowerment, Traveling, Intercultural Competeneces, Investing, Basketball, Gastronomy, Golf.

What skills is David Kralik known for?

David Kralik has skills like Project Management, Financial Analysis, Microsoft Office, Teamwork, Corporate Finance, Energy, Financial Modeling, Research, Petroleum, Oil/gas, Investment Banking, Consulting.

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