Octavio Romero Email and Phone Number
Finance executive with +30 years of international experience in global organizations in the agricultural and manufacturing sectors in the fruit, mass consumption and pharmaceutical segments. Responsible for up to 20 legal entities (in the US and Mexico) and multiple business units, with +$1.5B dollars of revenue. I have designed and executed financial strategies with a Latam and North American scope that optimize return on investment, cash flow and capital structure. Responsible for maintaining healthy internal control environments, compliance with policies and procedures (internal and external), planning and reporting of results under US and MEX GAAP methodologies, promoting a culture of fiscal responsibility and operational efficiency. Facilitator of informed decisions through accurate and timely financial analysis. Leader with the ability to direct and motivate teams of +100 employees. Capacity to influence, interpret data and generate proposals that maximize resources and returns by constructively challenging operational and commercial teams. I identify financial risks and generate mitigation plans. Resilient, adaptable to changes with a high level of ethical and professional commitment.
Tecnológico De Monterrey
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Tecnológico De MonterreyZapopan, Jal., Mx -
Vice President Of Finance North AmericaReiter Affiliated Companies May 2021 - Aug 2024Guadalajara, Mexico Metropolitan AreaFinancial leader, to ensure proper management of treasury, accounting, risks and controls. Execute business decision making, innovative planning and management of the company's financial affairs (and resources) to maximize long-term profits, cash flow and return on investment. Collaborating with functional leaders to generate efficiency, exploit the company's technological resources and transform financial and legal areas. Reporting to the Global CFO, with a team of 110 employees under my supervision.o I designed a cash flow optimization strategy, managing to reduce financial debt by -30%.o Improved gross margin by 200 bps and operating margin by 300 bps through portfolio efficiency initiatives, expense optimization and alternative business opportunities.o Defined and implemented the “One Finance” initiative, integrating and unifying the finance team and generating an expense reduction of -30%, including the design of the shared services model. -
Director Of FinanceThe Hershey Company Aug 2016 - Apr 2021Guadalajara Area, MexicoProvide critical financial analysis and advice to the leadership team to establish and achieve financial objectives. Responsible for planning, implementing, managing and controlling all strategies and activities related to Hershey's operations in Mexico. Responsible for the general controllership (internal controls, SOX and US GAAP compliance), commercial finance, financial planning and analysis, RGM (Revenue Growth Management) and plant controllership. Reporting to the VP of International Finance, with a team of 30 employees.o Implemented the cross-functional monthly business review process improving the accuracy of the operating profit estimate by 50%.o Attention and successful negotiation with authorities on complex tax controversy.o Defined and implemented the methodology of financial thresholds for product promotions and innovations, achieving an increase of +150bps in their commercial contribution. -
Director Supply Chain Finance | Latin AmericaThe Hershey Company Oct 2015 - Jul 2016Harrisburg, Pennsylvania AreaBusiness partner to the Global Supply Chain group, focused in financials of 3 manufacturing facilities, multiple 3rd party warehouse locations and a network of contract manufacturers across Latin America. Reporting to the Global VP of Finance for supply chain, with a team of 30 colleagues.o Implement new KPIs in manufacturing and logistics areas, improving gross margin by +50 bps.o I standardized criteria and activities of the cost accounting group in Latam, generating comparability and efficiencies in time/efforts. Responsible of product costing, logistics expense, operating metrics, and capital expenditures. -
Sr. Manager Business Analysis | Us Sweets & RefreshmentsThe Hershey Company Aug 2013 - Sep 2015Harrisburg, Pennsylvania AreaProvide leadership in delivering value and insights to Senior Marketing and Finance management to drive profitable growth of the Sweets and Refreshments segment in the US business. Coordinate budgets and analyze marketing expenses of all US business. Reporting to the VP of Commercial Finance for the US.o In conjunction with the marketing group, design a methodology to determine the efficiency of advertising in mass media and focus resources on segments with better returns.o Change the financial measurements for payment of incentives for commercial teams by adding the “variable contribution margin” component. -
Finance Planning Sr Manager | Mexico And Central AmericaThe Hershey Company Oct 2007 - Jul 2013Guadalajara Area, MexicoCoordination and follow-up of brands and regional P&L, BS, CF estimates (annual plan, monthly forecasts and Strategic Plans). Elaborate, interpret and present business performance analysis and profitability improvements initiatives. Financial analysis of innovation projects (new products or line extensions). -
Financial Analysis ManagerPfizer Jan 2006 - Sep 2007Mexico City Area, Mexico -
Financial Analysis Manager LatamPfizer Jan 2005 - Dec 2005Greater New York City Area -
Accounting ManagerPfizer Aug 2002 - Dec 2004Mexico City Area, Mexico -
Financial AnalystPfizer Jan 2001 - Jul 2002Mexico City Area, Mexico -
Financial AnalystBaxter International Inc. Nov 1999 - Dec 2000Mexico City Area, Mexico -
Internal AuditorBaxter International Inc. Jan 1997 - Oct 1999Mexico City Area, Mexico -
External AuditorDeloitte Jul 1992 - Dec 1996Mexico City, Mexico
Octavio Romero Education Details
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Executive International Mba -
Accounting And Finance
Frequently Asked Questions about Octavio Romero
What company does Octavio Romero work for?
Octavio Romero works for Tecnológico De Monterrey
What is Octavio Romero's role at the current company?
Octavio Romero's current role is VP of Finance | Finance Director | CFO - Reiter Affiliated Co, Hershey, Pfizer, Baxter, Deloitte.
What schools did Octavio Romero attend?
Octavio Romero attended Tecnológico De Monterrey, Universidad La Salle, A.c..
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