Divisional Finance Director
Ab Agri Ltd (A Division Of Ab Foods Plc)
• Led the finances of a £250M t/o business formed following a business reorganisation, the UK leader in the production and marketing of animal feed to the dairy, beef and sheep sector.• Reported to divisional Managing Director, directly responsible for team of 5 qualified accountants and 12 other staff• Formulated business strategies focussing on increased profitability and reduced risk, such as recommendation to dispose of under performing £60m turnover feed manufacturing division, recommending relocation of manufacturing site into new facility, implementing system to hedge foreign currency transactions of £3m per annum, . • Controlled all aspects of management reporting, KPIs, budgeting and forecasting for division.• Managed a number of staff reorganisations, including a review of all finance staff resulting in a more effective organisation and reduced headcount by 10%, a reorganisation of division’s finance and administration staff, making five staff redundant saving approx. £100k per annum, negotiating early retirement of under performing manager and promoting supervisor to this role. • Managed successful completion of £250k acquisition of small competitor• Lead implementation of IT system change in manufacturing business unit.