Karel Cermak Email & Phone Number

Prague, Czechia

Poděbrady, Central Bohemia, Czechia

- Full financial management of Plaček Group (retail – 400 stores, wholesale, export) in 4 countries (CZ, SK, PL, LV) – 260 MEUR TO- Key achievements: -- Digitalization of accounting (OCR)-- Creation of group accounting methodology/P&L/consolidation-- Successfully led M&A in Romania and Croatia -- Implementation of new IT WMS -- Co-led the company to double digit sales growth- In charge of P&L, BS, cashflow, capital structure, IT, M&A, banking relationships- Responsible for Controlling, IT, Accounting functions – 30+ FTEs

Moscow, Russian Federation

- Financial management (P&L, BS, cashflow) and implementation of strategical objectives of L’Oréal Luxe in Russia and CIS- Management and development of team of 7 finance controllers- Co-developed the digital transformation roadmap of Luxury business to 50% Online in 2025- Contributed to the economic development of the Division and advised the top management on the best business choices- Achieved business transformation from offline to online, currency devaluation and Covid 19 business restructuring

Prague, The Capital, Czech Republic

- Financial management and strategy of business unit L’Oréal Consumer Products Division Czech Republic, Slovakia and Hungary-Management and development of team of 5 controllers across 3 countries- Achieved market share and profitability growth YoY - Leading the process of drafting the plan, budget and trends- Business partner to the company’s top management in planning and analyzing business performance

Casablanca Prefecture, Morocco

5 months project at L'Oréal Morocco Consumer Products DivisionAchievements:- Redefining route to market- Review of commercial conditions- Creation of business partner finance role

Paris Area, France

01/2014-12/2015: Auditor01/2016-02/2017: Mission Manager/Auditor in Charge- Conducting transversal internal control evaluation of L’Oréal entities and assuring that L’Oréal norms and best practices are respected- Achievements: co-developed audit methodology for new acquisitions, strenghtened internal control framework, focused on internal consultant role- Formalizing audit findings and recommendations in a report addressed to the executive management- Global scope and leading multinational teams: assignments among others in Brazil, Italy, Japan, Pakistan, Venezuela, South Africa and USA- Specialized in commercial policy and strategy, credit management, route to market strategy

Prague, The Capital, Czech Republic

- Finance management and strategy of business unit L’Oréal Luxe Czech Republic, Slovakia and Hungary - 11 brands- Financial management of 2 company stores - Management and development of team of 3 controllers- Launched Kiehl's brand in the Czech Republic- Ensuring the respect of procedures and best practices of Internal Control

Prague, The Capital, Czech Republic

- Fully responsible for Kérastase brand P&L in the Czech Republic, Slovakia and Hungary -- Responsible for trend and budget building, financial strategy -- Cost analysis and follow-up -- Close cooperation with marketing and sales teams- Responsible for preparation of sales forecast valorization - Responsible for monthly reporting and KPIs- Responsible for preparation of marketing and sales analysis- Direct daily work with SAP R/3 CO and SD module- Responsible for communication with accouting in the Czech Republic and Slovakia- Participation on harmonization of processes and systems within Professional Products Division Czech Republic, Slovakia and Hungary

Prague, The Capital, Czech Republic

- Responsible for relationship management with employers and existing clients- Responsible for business development in Czech Republic - identification and acquisition of new clients- Responsible for cooperation with universities (MBA schools) and accreditation of universities (MBA schools)- Implementation and aligning of ACCA strategic goals in the Czech Republic- Coordination of members’ professional development events and activities

Finland

- Management of operating expenses and planning of Nokia worldwide- Goal: simplification of operating expenses planning and providing fresh ideas how to renew the planning process- Responsible for collecting benchmarking information and best practices

Amsterdam Area, Netherlands

- Project Management and Cost Management analysis - Consulting project for a multinational team of 4- Responsible for implementation of cost control system on two ongoing projects - Goal: Reduction of project costs and improvement of performance management

Prague, The Capital, Czech Republic

- Business process outsourcing - validate sales orders scanned by Pitney Bowes customers in Benelux- Responsible for creating new maintenance contracts- Responsible for refunding ended contracts – creating and scanning credit notes to Chennai, India

Master'S, International Business

- Grade Average: 1.41 - Master’s Thesis: The Impact of Financial Crisis on Competitiveness of Czech Exporting Companies

Finance And Investments

Erasmus Exchange Program Main area of specialization: Finance - CFA Track courses

Cems, Finance

CEMS Exchange

Cems Mim, International Management

Activities and Societies: CEMS Club PragueDegree not completed

Education record