David Tonnel

David Tonnel Email and Phone Number

Senior Vice President, Accounting @ NuScale Power
Houston, TX, US
David Tonnel's Location
Houston, Texas, United States, United States
About David Tonnel

C-Suite Executive and Board Member with record of success partnering with Boards, CEOs, and leadership teams to drive acquisitive and organic growth, improve margins, access capital and generate value in capital intensive businesses and public companies.Global leader having lived/worked internationally with 20 years progressive executive leadership across North America, Europe, Asia Pacific, and Africa. Foundation at Big 4 (EY) with diverse finance and operating roles culminating as Chief Accounting Officer of $3B company.Extensive experience in complex transactions, integrations, and business transformations, and structuring/optimizing businesses globally to enable growth. Deep understanding of the operations of the business. Strong technical background in Finance, Accounting, SEC reporting, and controls. Prudently allocates funds to business development, financial structure, liability management, and return to shareholders.Builds high-performing teams, infrastructure, and processes that improve efficiency and transform organizations into value added Finance functions that support the business. Have delivered extraordinary business outcomes by relentlessly pursuing financial stewardship, disciplined execution, continuous process improvement and automation, and cross functional collaboration.Board Member on multiple subsidiary Boards bringing a blend of practical operating experience as leader of a $2B P&L business and as a finance expert navigating volatile markets, diverse business/industry cycles, and growth curves.

David Tonnel's Current Company Details
NuScale Power

Nuscale Power

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Senior Vice President, Accounting
Houston, TX, US
David Tonnel Work Experience Details
  • Nuscale Power
    Senior Vice President, Accounting
    Nuscale Power
    Houston, Tx, Us
  • Transocean
    Senior Vice President & Chief Accounting Officer
    Transocean Mar 2012 - Dec 2024
    Zug, Ch
    Tapped by CFO as CAO during difficult times challenged by internal and industry circumstances. Built finance function credibility, led financial planning supporting robust management post-blowout/spill accident liability with customer and US DOJ, and restored Board, investor, and management confidence.Served through industry/business downturn and covid crisis and successfully pivoted to growth.Key Player in numerous major transactions that turned around company and positioned for growth including multiple billion-dollar acquisitions, financing/refinancing of the company’s unsecured and secured notes assuring liquidity, IPO and reacquisition of an MLP-like and separate public vehicle, negotiation and sale of legacy shallow-water drilling business to Private Equity investors, and two joint ventures.Structured investment into 10-year $7.5B contract with Shell, the largest contract ever signed at Transocean and in the industry enabling growth.Streamlined Transocean Finance into high performing, efficient organization. Reduced headcount and costs, standardized and automated processes, improved efficiency, launched centers of excellence with small, nimble globally distributed field teams.Implemented cloud-based Oracle ERP system on time/on budget and moved company to continuous improvement process.
  • Transocean
    Senior Vice President Europe & Africa
    Transocean Sep 2009 - Feb 2012
    Zug, Ch
    Regional Operating Executive with full P&L leadership of $2.5B operation in 15 countries (inc. Norway, UK, Italy, Nigeria, Angola, Congo, Ghana, Egypt, Turkey) with team of 3,000.Developed local teams’ capabilities, addressed quality issues while capitalizing on growth opportunities in the region and negotiating deals.Built business relationships with clients and expanded business development in Nigeria and Angola. Boosted presence in Nigeria, developed business in Ghana, and negotiated JV in Angola.
  • Transocean
    Vice President Global Supply Chain
    Transocean Dec 2008 - Sep 2009
    Zug, Ch
    Global Supply Chain including Strategic Sourcing, Demand Planning, Source to Settle Process, Global Logistics, IT systems and processesImproved visibility, performance, and credibility of an unrecognized function through metric-driven approach that identified and aligned KPIs to internal customers and Operation’s needs. Delivered millions in sourcing savings.
  • Transocean
    Vice President Integration & Process Improvement
    Transocean Nov 2007 - Dec 2008
    Zug, Ch
    Lead the pre and most merger integration of Transocean and GlobalSantaFe after their $18B merger completed in November 2007.Delivered “DAY1” merger readiness and business continuation plan, design of merged organization, short/middle term IT integration plan, and tracking of merger synergies.
  • Transocean
    Vice-President & Controller / Assistant Controller
    Transocean May 2003 - Nov 2007
    Zug, Ch
    Served as Assistant Controller, Interim Controller then Corporate Controller managing relationship with independent auditors, all financial reporting, operational, decision support, accounting and planning including valuing investments in period of intense business growth.Achieved successful Sarbanes Oxley implementation after prior failures, and single instance Finance ERP (Peoplesoft FMS).Due diligence, financial modelling for proposed Transocean and GSF merger, the largest transaction in offshore drilling at the time, resulting in $50B enterprise value entity.
  • Transocean
    Finance Manager Asia Pacific Region
    Transocean Aug 2000 - May 2003
    Zug, Ch
    Regional finance manager. Responsible for finance, compliance , palnning and cost control. Supported regional revenue of $700M across 7 countries. Led seamless financial integration of regional operations/organization after $17.7B RBF acquisition. Doubled size of business in 18 months.
  • Transocean
    Nigeria Controller
    Transocean Mar 1999 - Jul 2000
    Zug, Ch
    Moved with Schlumberger drilling division spin-off/Transocean merger and successfully set up standalone, combined financial organization in Nigeria, one of most challenging business, security, political environments.
  • Schlumberger
    Controller Oilfield Services, Pointenoire Congo
    Schlumberger Jun 1997 - Mar 1999
    Houston, Texas, Us
  • Schlumberger
    Business Analyst And Internal Audit Manager, Sedco Forex
    Schlumberger Mar 1996 - Jun 1997
    Houston, Texas, Us
    Financial planning, Investment review and analysis in support of the group controller and product line president.
  • Ernst & Young
    Senior Auditor
    Ernst & Young 1993 - 1996
    London, Gb
    Financial and IT audits of major and middle size french companies in France.Key customers included ELF Aquitaine (a predecessor of TOTAL. Participating in the consolidated and subsidairy audits in France and Nigeria) and GIAT Industries.
  • Holding Levillain,  Guadeloupe, French West Indies
    Analyste Commercial _ Logements Sociaux
    Holding Levillain, Guadeloupe, French West Indies Jul 1991 - Jun 1993
    Real Estate Company established in the French West Indies. Developped and implemented commercial policies and procedures in the commercial department. Negotiated financing in Guadeloupe and French Guyana with banking institutions to faciliate access of our customer to subsidized low cost housing.

David Tonnel Skills

Mergers And Acquisitions Internal Controls Financial Analysis Financial Reporting Managerial Finance Management Forecasting Petroleum Mergers Energy Finance Sarbanes Oxley Act Auditing Drilling Offshore Drilling Internal Audit Accounting Operations Management Analysis Strategic Financial Planning Us Gaap Sarbanes Oxley Financial Accounting Corporate Finance Risk Assessment Supply Chain Due Diligence Oilfield Energy Industry Financial Modeling Offshore Operations Upstream Financial Audits Acquisition Integration Joint Ventures Treasury Business Development Oil And Gas Industry Consolidation Ifrs Cultural Diversity Cost Accounting Variance Analysis Oil/gas Process Improvement Budgets Project Finance Natural Gas Risk Management Restructuring

David Tonnel Education Details

  • Hec Paris
    Hec Paris
    Control And Finance
  • Ipesup
    Ipesup
    Classe Preparatoires Hec
  • Lycee Jean Perrin (Lambersart, Nord)
    Lycee Jean Perrin (Lambersart, Nord)
    Mention Tb

Frequently Asked Questions about David Tonnel

What company does David Tonnel work for?

David Tonnel works for Nuscale Power

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

David Tonnel's current role is Senior Vice President, Accounting.

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What schools did David Tonnel attend?

David Tonnel attended Hec Paris, Ipesup, Lycee Jean Perrin (Lambersart, Nord).

What are some of David Tonnel's interests?

David Tonnel has interest in Education.

What skills is David Tonnel known for?

David Tonnel has skills like Mergers And Acquisitions, Internal Controls, Financial Analysis, Financial Reporting, Managerial Finance, Management, Forecasting, Petroleum, Mergers, Energy, Finance, Sarbanes Oxley Act.

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