Derek Mutch, Ca Email & Phone Number

Houston, Texas, United States

Houston, Texas, United States

Houston, Texas Area

Led Finance team for Pressure Pumping Business segment. Managed budgeting and forecasting, financial performance and financial reporting to Executive Leadership• Created Fixed vs Variable cost model to assist Sales group with short term bidding, resulting in improved success rate• Significant increase in assignment of direct cost to each frac fleet, thereby reducing the proportion of allocations required and increasing the accuracy of true performance for each fleet.• Introduced Bid vs Actual process for each job to identify opportunities for improvement. Information generated was utilized to drive financial improvement across customer base• Drove Inventory reduction through identification of excess and slow-moving items. Initiated targeted selling and monetization of items through collaboration with Sales and Supply Chain

Houston, Texas, United States

Led Corporate FP&A team and managed budgeting and forecasting, strategic planning, G&A spend and financial reporting to Executive Leadership and the Board of Directors.• Asset Utilization review for Drilling Services and Wireline product lines enabled re-distribution of tools, scrapping of obsolete equipment and ultimately improvement in margins of 300 bps and 200 bps respectively during 2014• Created Fixed Asset Forecast process to identify projects at risk of overspend, ultimately reducing out of policy spend by 60%• Subject Matter Expert on both Halliburton and GE Oil and Gas Integration teams

Houston, Texas, United States

Established new Corporate FP&A team. Led budgeting and forecasting, strategic planning, G&A spend and financial reporting to Executive Leadership and the Board of Directors. • Implementation of New Hyperion Planning System. Reduction of annual plan effort by 25% and drove consistency across all regions and product lines. Enabled Finance to reduce spend and headcount• Produced a Country and Product Line Profitability analysis identifying poor performing locations in order that strategic exits or restructuring could take place. Ultimately generated a significant improvement in both absolute Revenue and Margin percent.• Development of Automated Functional G&A Reporting. Increased visibility of Functional Spend enabled 300 bps reduction in G&A plus a 3 head reduction in Corporate team.• Led a cross-functional finance team to create a US Cash Flow Report. Tax and Treasury utilized the report to structure a tax efficient repatriation of $900M of cash to the US which coupled with improving free cash flow, facilitated a reduction in short-term debt of $700M, stock buy-backs of $950M and a dividend increase to shareholders of 13%.

Houston, Texas, United States

Newly Created role to support Western Hemisphere President and CFO following re-organization to a new Matrix Organization. Concurrent to this, Finance underwent re-organization with the creation of a new FP&A group.• Implemented Finance training for Non-Finance employees generating significant operational improvement• Advised with integration of $6B BJ Services Acquisition

Houston, Texas, United States

Led Finance team and managed monthly, quarterly, and year-end financial results, quarterly and annual budgets and forecasts plus ad-hoc analysis. Business Partner to Operations VP and a key member of leadership team with significant influence on strategy, tendering/bidding, financial results and KPIs.• Consolidation of Gulf of Mexico bases, eliminating those with low utilization, generated annualized savings of $5M• Inventory reduction of $20M through targeted usage of excess/written down materials• Reduced Days Sales Outstanding (DSO) by 26 days thereby generating significant cash flow through Regional Workshops and Roadshows, billing efficiencies & increased focus of material customer balances• Performed Due Diligence & subsequent integration of $50M acquisition of NEMSco providing footprint into the North East market (Marcellus Shale).

Houston, Texas, United States

Led the Planning and Reporting group for the Drilling and Completion Fluids product line. Managed monthly, quarterly and year-end financial reporting, quarterly and annual budgets and forecasts and ad-hoc analysis. • Implemented standard planning and forecasting templates to ensure consistency throughout all Regions• Prepared analysis of country profitability resulting in strategic exits of loss-making locations, thereby improving profitability 200 bps

Aberdeen, Scotland, United Kingdom

Responsible for the Planning and Reporting for the Drilling and Completion Fluids product line in the Europe, Africa, Russia Caspian region. Managed monthly, quarterly and year-end financial reporting, quarterly and annual budgets and forecasts and ad-hoc analysis. • Implemented SAP in Kazakhstan • Created Finance teams in remote locations including Libya and Kazakhstan• Implemented bespoke Inventory system throughout the Region for locations not fully operational on SAP