Patrick Tholen Email & Phone Number

Sydney, Australia

Australia

Australia / New Zealand

Privately owned Australian timber importer, distributor and wholesaler with four operating entities in Australia, New Zealand and Indonesia.Accountable for the integrity and production of the Group’s management, financial and statutory information, the consolidation of Group results and reporting to the Board. Manage treasury, cash flow, foreign exchange hedging, bank facilities and fund utilisation. Control working capital, prepare budgets, review performance, ensure financial integrity and the safekeeping of assets across the Group.♦ Enabled the business to more rapidly respond to changes in the business environment♦ Reduced infrastructure costs & ensured that proposed expenditure was justified.♦ Stemmed margin erosion arising from unjustified customer rebates ♦ Enabled potential spikes in working capital requirements to be forecast♦ Reduced interest charges through more efficient fund utilisation♦ Reduced working capital commitments, generate available cash. ♦ Changed the Group’s banking partner and increased trade facilities ♦ Reduced related party loans and third party debt I was also instrumental in increasing revenue opportunities by providing the opportunity to expand the customer base into clients with industries with historically higher credit risks.

Papua New Guinea

$A600m a year Family Conglomerate ;portfolio of companies engaged in Trading, import, processing, manufacturing and retailing; Agricultural :Timber milling,Plantations: Coffee,Tea, Coconut, Cocoa, Aquaculture,Cattle; Vehicle/ Heavy light import, retailing & modification, Car rental; Retail outlets: Electrical, white goods, consumer & hardware goods, Food Manufacturing , Hospitality, property, construction, Local shipping and logistics; Operations in Papua New Guinea, Australia, Vanuatu and the Solomon Islands.As a partner to the Managing Director and the Senior Executive team, focused on enabling the business to achieve its growth and performance improvement targets, reflecting in a 55% increase in revenue and profitability over my time with WRC.Chief Operation Officer reviewing group- performance, staff well-being,protection of assets.Accountable for the integrity and production of Group and individual entity financial and statutory information, Consolidation of Group results and Board reporting.Managed Group treasury, cash flow, bank facilities and covenants,Ensured tax and IFRS statutory compliance across the Group, Australia, PNG, Solomon Is, Vanuatu. Managed relationships with auditors, bankers and insurers.Maintained financial integrity, the safekeeping of assets across the group.Prepared & reviewed budgets and performance of each entity against targets.Provided analysis for senior executive and Board decisions, developed business models.♦ Decreased working capital requirements♦ Increased profitability, funding, business turn around & review♦ Reduced fraud ,business risks♦ Cost reduction plans♦ Reduced overdraft and interest expenses♦ Due diligence of M&A opportunities, ♦ Established new business ventures , Business & government networking ♦ Prevented substantial foreign exchange losses ♦ 8 CFO's in group ,19 entities, 5 manufacturing sitesEstablished transport logistics, shipping line,agency and a building and construction business.

Australia/ New Zealand

Privately / Private Equity owned manufacturer, importer and distributor of engineered plastic products.Prepared the Group for owners exit strategy- IPO / Trade Sale, ensured that the financial data properly reflected the Group’s profitability actual & historical. Prepared detailed analysis of groups growth and that abnormal activities were appropriately incorporated into the financial results.♦ Provided a solid standard foundation for the introduction of robust financial processes & reporting practices.♦ Played a key role in the development and implementation of growth strategies.♦ Grew margins by 7 points - product costs and sales activity♦ Enabled the business to invest in alternative products & growth opportunities.♦ More effective controll of working capital♦ Managed the installation of all modules of an integrated financial system♦ Established policies and controls for assets, property, bank facilities & outgoings♦ Controlled planned purchases & contained expenditure to enable continued growth ♦ Due Diligence; M&A of 3 manufacturing sites across Aust & NZI also played a pivotal role in the due diligence of acquisitions and mergers by verifying the value of the businesses and determining their true profitability, risks, reviewing the financial data for their potential impact on merging with the Group, adjusting overheads for synergies, and assessing the feasibility of revenue forecasts. I ensured that acquired businesses delivered against the projected financial benefits and assisted during the transition and integration of acquired businesses into the Group.

Australia

A family owned manufacturer, importer, exporter and distributor of building hardware for windows and doors, cast aluminium products, commercial shop fitouts, displays, roller systems and construction applications through 15 entities / 6 manufacturing sites operating in Australia, New Zealand, Hong Kong, Malaysia, India and China.Management of Property portifolio

Manufacturer, importer and distributor of pneumatic equipment, air dryers, mechatronics and sheet metal fabricator. Lean Manufacturing principles

Sydney, Australia

Importer, exporter, manufacturer and distributor of industrial valves, controls, regulators and industrial insulation products. Down sizing of operation 26 sites to 6 & turn around environment.Implementation of JD Edwards , Business divisions presented for Trade sale.

Importer and distributor of medical and surgical products.

Ajax Chemicals/ Turco -Chemical Manufacturing -laboratory,consumer,industrial products, Allen Taylors / Timbaco/ Timber Industries -timber milling, logging, Trusses & Wall FramesExposed to various manufacturing environments and costing methodolgies

Education record

Bachelor Of Commerce, Accounting

Associate

Education record

Activities and Societies: Influence people, public speaking