Mark Stitson

Mark Stitson Email and Phone Number

Group Chief Financial Officer @ John Cotton Group Ltd.
Leeds, Leeds, United Kingdom
Mark Stitson's Location
Greater Leeds Area, United Kingdom, United Kingdom
Mark Stitson's Contact Details

Mark Stitson personal email

n/a
About Mark Stitson

I am a versatile, dynamic and results orientated CFO with significant experience in Retail and Manufacturing, alongside roles in Media, Financial Services and Pharma. Have successfully developed and led high-performing Finance teams, maintaining a strong focus on business partnering and stakeholder management to deliver results. Notable achievements include: First CFO role (privately held organisation) contributing to increased sales, profit and cash holding, despite challenging headwinds. Previously worked in large corporate PLCs, leading significant debt reduction from £2.8bn to £973m in 4 years; improving supplier ‘paid on time’ performance from c.50% to an industry leading >99%; and embedding Finance within the wider business to support margin improvement and drive P&L growth (c.15% p.a. over 4 years). I build robust cross-functional relationships to manage the balance of commercial requirements vs financial implications, especially during change. I establish clear deliverables and provide constructive challenge to inform decision making and drive growth. I am experienced at improving reporting capability, and reengineering systems and processes to increase efficiencies, enhance controls and manage risk. My main motivation is to help others. I like to generate a culture where everyone has a voice, ideas can be challenged respectfully, and teamwork is the most important thing. I am supportive whilst at the same time setting a high bar. I strive for the best possible outcome, looking to over deliver where possible; never stopping just because the original objective has been met.Specialities:✔️P&L Management ✔️C-Suite Relationship Management ✔️Business Partnering ✔️FP&A ✔️Cash Management ✔️Management Accounting ✔️Budgeting ✔️Forecasting ✔️Cost Control ✔️Risk Management ✔️Governance ✔️Internal Controls ✔️Due Diligence ✔️Process Reengineering ✔️Automation ✔️Project Management ✔️Change Management ✔️Leadership ✔️Stakeholder Engagement ✔️Constructive Challenge ✔️Training ✔️Coaching ✔️Mentoring

Mark Stitson's Current Company Details
John Cotton Group Ltd.

John Cotton Group Ltd.

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Group Chief Financial Officer
Leeds, Leeds, United Kingdom
Mark Stitson Work Experience Details
  • John Cotton Group Ltd.
    Group Chief Financial Officer
    John Cotton Group Ltd.
    Leeds, Leeds, United Kingdom
  • John Cotton Group Ltd.
    Group Chief Financial Officer
    John Cotton Group Ltd. Jan 2022 - Present
    Mirfield, West Yorkshire, Gb
    First CFO role, responsible for all Finance matters across the Group - FP&A, internal and external reporting, financial control, treasury, risk management and commercial analysis. Manage 6 direct reports who in turn support all finance and technology teams across the different geographies and sites within the Group.John Cotton Group Ltd is a highly successful manufacturing business in the filled bedding and non-wovens sectors with strong brands and online presence across the UK, Europe, and Australia, working with major Retail organisations in those markets. Group turnover c£300m+.◼️ Working alongside the CEO and the wider Board, contributed to excellent financial results with growth in sales, profit and cash, despite challenging headwinds.◼️ Developed improved ways of working within the Finance team, leaning on PLC experience to bring new ideas to a privately owned business.◼️ Responsible for the Information Technology team in the UK and helped lead the implementation of a new end-to-end ERP system within the UK (Microsoft D365).
  • Morrisons
    Finance Director - Commercial
    Morrisons Apr 2017 - Dec 2021
    Bradford, West Yorks, Gb
    Lateral move to a greater FD role, lead responsibility for all finance matters relating to the commercial performance of Morrisons supermarkets, supporting Trading, Manufacturing, Marketing and Supply Chain. Managed 7 direct reports. Responsible for a division of c.140 colleagues across all stakeholder-facing Finance teams. Partnered with commercial stakeholders to meet sales and margin targets, setting all commercial budgets, managing business performance insight, reporting and forecasting, as well as meeting all internal and external control requirements.◼️ Delivered strong like-for-like sales performance over 4 years, alongside good margin improvement to support overall P&L growth (c15% p.a.).◼️Delivered simplified and improved “self-serve” reporting capability across all areas (sales and margin analysis, retail waste and markdown, range and supplier performance and “end-to-end” profitability) through Manufacturing and Trading functions.◼️ Developed a performance and talent culture in Finance with specific aims of increasing capability and diversity, including formally identifying emerging talent, succession planning of key roles and development sessions for wider team.
  • Morrisons
    Finance Director – Operations & Cash Improvement
    Morrisons Nov 2015 - Apr 2017
    Bradford, West Yorks, Gb
    Promoted to lead accountability for delivering a cash improvement programme, covering all aspects of debt reduction and cash / working capital - stock, debtors and creditors initiatives. Managed 6 direct reports. Responsible for entire Finance Operations team, including c.40 employees in UK and c.80 off-shore in Chennai, India. Provided leadership to all finance operational areas, including accounts payable, accounts receivable, payments and control, finance improvement projects, bank reconciliations and company travel.◼️Managed relationship with 3rd party off-shore provider to ensure low costs whilst maintaining highest levels of process accuracy and financial control.◼️Delivered a step change in payment on time for suppliers to ensure great supplier relationships and the meeting of compliance targets. Paid "on time performance" improved from c.50% to an industry-leading >99%.◼️Developed an improvement plan to target and delivered reduction in net debt from £2.8bn at end of FY 13/14 to £973m at the end of FY 17/18.
  • Morrisons
    Head Of Cash Improvement
    Morrisons Mar 2014 - Nov 2015
    Bradford, West Yorks, Gb
    New role created to lead responsibility for designing an entire framework for the debt reduction and cash improvement programme, leading to the targets and delivery noted above. Managed a team of 6 employees. ◼️From a standing start, created processes and engagement to drive results through various working groups which looked at the different elements of cash generation, previously cash was not a core focus.◼️Managed entire Head Office cost base, covering people and non-people Opex and Capex spend across Information Technology, Human Resources, Finance, Property, Commercial and Marketing.
  • Morrisons
    Head Of Ambient & Non-Food Trading Finance
    Morrisons Oct 2011 - Mar 2014
    Bradford, West Yorks, Gb
    Initially joined as Senior Finance Manager, leading the team that supported Ambient trading and being responsible for all finance matters within Ambient categories. Subsequently promoted and given more responsibility to cover all Ambient and Non-Food areas, as well as developing supplier performance understanding. Responsible for Finance team of c.30 employees. Engaged Commercial teams at all levels, from Trading Director to Buying Assistant to understand the business and translate to and from Finance. Delivered at a high standard throughout a time of very challenging trading conditions and significant team reorganisation, both within the team and within the Commercial division.
  • Home Retail Group Plc
    Business Planning Controller, Argos
    Home Retail Group Plc Jul 2010 - Oct 2011
    Milton Keynes, Gb
    Lateral move to lead responsibility for all financial planning and analysis for the Argos business, including responsibility for the budgeting and forecasting cycles. Responsible for a team of 12. Led team to deliver key reporting for Argos, including weekly trading packs, formal monthly management accounts and all financial information feeding into Home Retail Group parent company, including actuals / budget / forecast reporting, Strategic Plan and related presentations.
  • Home Retail Group Plc
    Group Commercial Finance Manager, Home Retail Group
    Home Retail Group Plc Mar 2009 - Jul 2010
    Milton Keynes, Gb
    Lateral move to lead responsibility for all financial support to the Group Commercial Director, including budgeting, forecasting, monthly reporting, ad-hoc analysis and projects. Responsible for the team based in Hong Kong and a team of 6 in the UK. Managed all financial control/reporting of Home Retail Group’s Asia entities based in Hong Kong and China with purchase / sales transactions of c.US$1bn.- Took ownership for, and developed the team responsible for ensuring joint buying benefits were delivered by Argos/Homebase Trading teams, providing all analytical support for the programme.- Implemented a “Supply Chain Finance” scheme, alongside Group Treasury, whereby cash flow benefit was achieved in a partnership approach with suppliers.
  • Home Retail Group Plc
    Trading Finance Manager, Homebase
    Home Retail Group Plc Jan 2008 - Feb 2009
    Milton Keynes, Gb
    Promoted to lead responsibility for all Trading Finance related matters, including sales and margin reporting, analysis and targets across the entire Homebase business. Responsible for 4 Finance teams across Homebase with 15 colleagues.- Created a high-performing team recognised across the Group, including guiding several team members to promotion to other areas of the Group.
  • Home Retail Group Plc
    Big Ticket Finance Manager, Homebase
    Home Retail Group Plc Apr 2007 - Dec 2007
    Milton Keynes, Gb
    Recruited to deliver sales and margin analysis for “Big Ticket” product categories (Kitchens, Bathrooms, Furniture) as well as the Home Delivery operation. Responsible for a team of 4 Post-Qualified Accountants. Contributed to decision making by providing analysis and support to Trading Director with respect to sales and margin performance, business case proposals, investment analysis and financial control.- Selected onto Group “Advance” programme, recognising top talent within Home Retail Group (all disciplines, not solely Finance) with personal mentoring from Homebase Managing Director.
  • Bbc
    Decision Support Manager, Group Finance
    Bbc Oct 2006 - Mar 2007
    London, England, Gb
  • Bbc
    Finance & Commercial Strategy Manager, Group Finance
    Bbc May 2006 - Oct 2006
    London, England, Gb
  • Bbc
    Performance & Planning Manager, Revenue Management
    Bbc May 2003 - May 2006
    London, England, Gb
  • -
    Planned Career Break: Travelled Within South America
    - Mar 2003 - Apr 2003
  • Goldman Sachs
    Finance Associate, Product Control
    Goldman Sachs Nov 2000 - Feb 2003
    New York, New York, Us
  • Gsk
    Group Internal Auditor
    Gsk Jun 1999 - Nov 2000
    Brentford, Middlesex, Gb
  • Gsk
    Pwc Management Consultant (Secondment From Gsk)
    Gsk Nov 1998 - May 1999
    Brentford, Middlesex, Gb
  • Gsk
    Graduate Trainee
    Gsk Sep 1997 - Nov 1998
    Brentford, Middlesex, Gb

Mark Stitson Education Details

  • Cima
    Cima
    Chartered Institute Of Management Accountants
  • Queen Mary University Of London
    Queen Mary University Of London
    Business Economics

Frequently Asked Questions about Mark Stitson

What company does Mark Stitson work for?

Mark Stitson works for John Cotton Group Ltd.

What is Mark Stitson's role at the current company?

Mark Stitson's current role is Group Chief Financial Officer.

What is Mark Stitson's email address?

Mark Stitson's email address is ma****@****oup.com

What schools did Mark Stitson attend?

Mark Stitson attended Cima, Queen Mary University Of London.

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