Erik Fagerström

Erik Fagerström Email and Phone Number

Strategy and Performance Manager @ ARE Oy
Helsinki, FI
Erik Fagerström's Location
Helsinki, Uusimaa, Finland, Finland
About Erik Fagerström

Acted as PMO during the past 15 years for successful change programs, with the goal of a step change in performance.Company size ranging from small (30m€ revenue) to large organizations (+2b revenue). Experience from a wide range of industries and carrying out workshops in over 30 countries globally.Examples of the +40 change initiatives:- Cash flow improvements / Working capital optimization- Performance management / KPI definition, model building and implementation- Turnarounds / Profitability improvement- S&OP and Assortment optimization- Business case calculations / Investment decisionsActing as an entrepreneur since 2020 - Feel free to contact me erik.fagerstrom(at)stepchanger.fi[in english, suomeksi, på svenska]

Erik Fagerström's Current Company Details
ARE Oy

Are Oy

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Strategy and Performance Manager
Helsinki, FI
Website:
are.fi
Employees:
899
Erik Fagerström Work Experience Details
  • Are Oy
    Strategy And Performance Manager
    Are Oy
    Helsinki, Fi
  • Stepchanger Oy
    Profitability Improver
    Stepchanger Oy Jan 2020 - Present
    Southern Finland, Finland
  • Nobsh
    Partner
    Nobsh Jan 2020 - Aug 2021
    Helsinki Area, Finland
  • Capacent Finland
    Director
    Capacent Finland Nov 2018 - Jan 2020
    Helsinki Area, Finland
    *Responsible for operations, development & human resources in Finland*Part of transforming Finnish business from 1m€ revenue (headcount 5) to 5m€ (headcount 25)*Sales and delivery of biggest deal in group history*Career path all the way from Analyst to Director and Finland management team member*100% of assignments were change initiatives i.e. working with mgmt team and factory floor, on-site and hands-on, such as:Performance management programs [2017-2019, 200m€-2b€ companies]Setting up a management model and then a step change in company performance. Improvement done through conceptualizing and setting up new ways to manage performance, KPI’s and meeting habits, sequential launch and roll-out to ensure buy-in and results. Resulting in transparent performance management with employees actively improving the performance.Turnarounds [2014-2016, 100-300m€ companies]Headed two programs to turn companies from bad trend low profitability to successful profitable companies. Done by implementing radical changes throughout the organization, however always starting with why change, what to change to and only then how to cause the change. Organizational setup (new structure by maintaining same workforce), management habits (rhythm, roles & responsibilities), policies & guidelines, reporting improvements, culture changes, sales management model, sourcing improvements, supply chain management changes etc.Working capital programs [2009-2014, 30m€-3b€ companies]Carried out over 20 working capital projects within manufacturing and service companies. Acting as project leader implementing needed changes all the way from identification of business case to successful sustainable results. Reaching improved levels of working capital requires comprehensive changes to nearly all functions of the organization, and for people to work together to form a new cash culture. Releases of 5m€-150m€ of cash.
  • Capacent
    Senior Manager
    Capacent Aug 2007 - Oct 2018
    Helsinki
    Define-plan-implementation projects related to e.g. working capital optimization, turnaround and treasury management.Example projects:Group wide working capital project with the target to release 100m€ and increase capital efficiency by 40%. Approx. 20 local sub-projects were initiated and central activities were managed separately. Targets were set for each sub-project and actions planned based on a detailed current state analysis and cross-functional workshops. Capacent’s role was to drive the projects, conduct the analysis required, increase awareness in the organisation, facilitate workshops, provide monitoring and other tools to ensure change.Result: Working capital reduction of ~150 m€Acting as the program manager for a turnaround project in a Finnish production company. Key sub projects were efficient management team work, ensure proper visibility of operational figures, cash release by emphasizing on inventory turn and availability improvement, sales & operations planning work and quality improvement.Result: Successful turnaround with significant profitability increase and >30m€ cash flow release
  • Honeywell Oy
    Business Analyst
    Honeywell Oy Jun 2004 - Aug 2007
    Acting as a link between finance and business, P&L and BS estimations & budgeting, project analysis, implementation lead of Basware IP and project management application etc.

Erik Fagerström Education Details

Frequently Asked Questions about Erik Fagerström

What company does Erik Fagerström work for?

Erik Fagerström works for Are Oy

What is Erik Fagerström's role at the current company?

Erik Fagerström's current role is Strategy and Performance Manager.

What schools did Erik Fagerström attend?

Erik Fagerström attended Hanken School Of Economics.

Who are Erik Fagerström's colleagues?

Erik Fagerström's colleagues are Keijo Tyllilä, Matti Välitalo, Harri Launo, Määttä Mika, Anni Metsola, Aaron Ruusunen, Ruma Haq.

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