Nenad Kosorok

Nenad Kosorok Email and Phone Number

Non Executive Director @ Eavor Technologies Inc.
Austria
Nenad Kosorok's Location
Austria, Austria
Nenad Kosorok's Contact Details

Nenad Kosorok work email

Nenad Kosorok personal email

n/a
About Nenad Kosorok

I am performance-focused financial executive with more than 20 years of experience and a deep understanding of oil & gas upstream and downstream value chain. As a resourceful leader, I possess an innate ability to integrate organizations and processes and am known for clearly defining mission and targets, aligning people and resources and persistently delivering results. I thrive as an expert in driving value by optimizing capital efficiency and managing costsCareer Highlights:* Managed reduction of working capital from €1B to close to €0 by using securitization, supplier financing, factoring and operational measures such as reduction of days-of-sales outstanding. * Slashed bad debt €10M and reduced unsecured trade exposure from 50% to 17%. Implemented risk management procedures and practices such as introduction of credit insurance, improved credit securities and increased bank guarantees without reducing or hindering trade volume. * Repositioned divisional Finance organization setting up business partnering structure in each business line focusing on value management and supporting the achievement of divisional targets in alignment with overall Group Finance strategy. * Managed reduction of gross hub production costs €40M and net production cost €12M via rigorous cost discipline and business process simplifications and improvements.Multilingual: Fluent in Slovenian, Croatian, German, and English; conversational skills in FrenchSpecialties: Oil Upstream & Downstream • Strategic Financial Management • Value and Risk Management • Asset Securitization & Factoring • Process & Business Integration • Working Capital Optimization • Organization & ERP Management • Commodity & FX Management • Financial Analysis & Management Reporting • Accounting & Controllership • Corporate Finance • Procurement & Materials Management • Regulatory Compliance • Budgeting & Treasury Management • Cost Management

Nenad Kosorok's Current Company Details
Eavor Technologies Inc.

Eavor Technologies Inc.

View
Non Executive Director
Austria
Website:
eavor.com
Employees:
96
Nenad Kosorok Work Experience Details
  • Eavor Technologies Inc.
    Non Executive Director
    Eavor Technologies Inc.
    Austria
  • Omv
    Senior Vice President Commercial & Joint Ventures
    Omv Aug 2024 - Present
    Vienna, At
  • Omv
    Vice President Venture Finance & Accounting
    Omv Mar 2021 - Aug 2024
    Vienna, At
    End2end accountability for Upstream Financial reporting & Governance including Statutory reports, Financial governance, Tax and Cost allocation and charging. Responsible for leading a team of country Finance managers in the respective OMV countries/regions. Drive and ensure proper governance, risk management (incl. ICS) and compliance.
  • Omv
    Hub Cfo – Omv Exploration & Production Australasia
    Omv Jan 2020 - Mar 2021
    Vienna, At
    Manage the integration of the newly acquired entity and support and ensure the implementation of governance principles and standardized OMV processes (incl. implementation of unified and standardized ERP system); focus on cost management and capital efficiency in subdued price and mature life cycle environment and ensure post acquisition profitability.
  • Omv
    Hub Cfo, Omv Exploration & Production Austria
    Omv May 2015 - Jan 2020
    Vienna, At
    Manage accounting, controlling, treasury, risk management (EWRM), tax, compliance (ICS), procurement, and material management. Develop value based financial management and update/improve governance and compliance structures. Optimize capital efficiency and manage cost. Guide accounting shared service centre and further develop finance organization
  • Omv
    Divisional Cfo, Omv Refining & Marketing Division
    Omv Jan 2011 - May 2015
    Vienna, At
    Managed team of >250 people in finance, controlling, accounting, treasury, tax, and risk management for Refining and Marketing Division operating in 11 countries. Developed and executed finance strategy division wide. Created value-based financial management and optimized core financial and shared services. Updated and improved governance and compliance. Ensured successful management of financial reporting, credit risk and insurance.
  • Omv
    Head Of Downstream Controlling, Omv Refining & Marketing Division
    Omv Apr 2009 - Jan 2011
    Vienna, At
    Led team of ~40 Controllers in operational Downstream entities in 13 countries. Oversaw monthly and ad hoc management reporting, budgeting and planning. Designed and optimized planning process. Provided ad hoc and regular business support to managers. Evaluated investment and M&A opportunities. Monitored and directed financial aspects of strategic business decision/plans.
  • Omv
    Regional Cfo, Adriatic Region
    Omv Feb 2004 - Mar 2009
    Vienna, At
    Directed team of >50 people managing controlling, treasury, accounting, credit risk, human resources, legal, procurement and IT in Slovenia, Croatia, Bosnia and Italy.

Nenad Kosorok Skills

Financial Analysis Risk Management Financial Reporting Business Strategy Ifrs Project Planning Mergers And Acquisitions Petroleum Corporate Finance Energy Sap Business Analysis Accounting Marketing Finance Forecasting Downstream Oil And Gas Treasury Mergers Sap Products International Financial Reporting Standards

Nenad Kosorok Education Details

  • Wu (Vienna University Of Economics And Business)
    Wu (Vienna University Of Economics And Business)
  • The Tuck School Of Business At Dartmouth
    The Tuck School Of Business At Dartmouth
    Strategic Financial Leadership Program
  • Insead
    Insead
    Corporate Finance

Frequently Asked Questions about Nenad Kosorok

What company does Nenad Kosorok work for?

Nenad Kosorok works for Eavor Technologies Inc.

What is Nenad Kosorok's role at the current company?

Nenad Kosorok's current role is Non Executive Director.

What is Nenad Kosorok's email address?

Nenad Kosorok's email address is ne****@****omv.com

What schools did Nenad Kosorok attend?

Nenad Kosorok attended Wu (Vienna University Of Economics And Business), The Tuck School Of Business At Dartmouth, Insead.

What skills is Nenad Kosorok known for?

Nenad Kosorok has skills like Financial Analysis, Risk Management, Financial Reporting, Business Strategy, Ifrs, Project Planning, Mergers And Acquisitions, Petroleum, Corporate Finance, Energy, Sap, Business Analysis.

Who are Nenad Kosorok's colleagues?

Nenad Kosorok's colleagues are Todd Stuebing, Michael Holmes, P.eng, Lynette Liston, William Matthews, Matthew Seager, Grant Taylor, William Moulton Git.

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