Witold Walecki

02.2009 – .....
Finance Manager; BMS, HVAC industry
RESPONSIBILITIES:
managing finance, accounting and administration department, responsibility for all finance, accounting, tax and admin matters; formulating and carrying out financial strategies, policies and procedures
 timely financial reporting, budgeting and log-term planning, performance control and reporting
 control over operating costs, responsibility for operating and net profit, cash flow, formulating AR collection policy, debt collection execution
 cooperation with lawyers, auditors and other external parties
 member of the top management with responsibilities in formulating sales and marketing policies

02.2008 – 11.2008
Finance Director; KTI Poland, Italian engineering firm providing services for petrochemical industry
RESPONSIBILITIES:
 managing finance, accounting and administration department, responsibility for all finance, accounting, tax and
admin matters; building structures of the department, formulating financial strategies, policies and procedures
 project manager in implementation of an ERP system - JD Edwards EnterpriseOne
 timely financial reporting, budgeting and log-term planning, performance control and reporting
 control over operating costs, responsibility for operating and net profit, cash flow
 membership in management boards of daughter companies with responsibility for financial matters
MAJOR ACHIEVEMENTS:
 creation of the finance and accounting team, transfer of accounting function from outsourcing firm to KTI
 accelerating JD Edwards implementation
Reasons to leave: liquidation of the CFO post due to a change in the company’s strategy
05.2007 – 12.2007:
Finance Manager; IMS Poland – multinational corporation operating in the pharmaceutical sector RESPONSIBILITIES:
 managing finance and accounting department, responsibility for finance, accounting, tax and admin matters; formulating financial strategies, policies and procedures
 responsible for accounting, financial and reporting IT system
 responsible for cash flow and liquidity; debt execution, cooperation with banks
 timely financial reporting, budgeting and log-term planning – performance control and reporting
 leading change and restructuring of the company, operating cost control, responsibility for operating profit
MAJOR ACHIEVEMENTS:
 creation of a new company
 successful negotiations of new property lease contract
Reasons to leave: an interim position, up to six months, terminated in due time
12.2000 – 01.2007
Finance Director and board member (CFO); Mediatak - media house for regional dailies in Poland
RESPONSIBILITIES:
 managing finance and IT department, responsibility for finance, accounting, tax, legal and admin matters (9 direct reports); formulating financial strategies and procedures, putting in place policies ensuring the rigour and integrity of financial figures
 responsible for cash flow, liquidity through introduction and management of payables and receivables procedures; co-operation with banks, treasury operations
 control over operating costs, responsibility for operating profit, cost cutting and enhancing cost effectiveness
 tax planning and tax policy, responsible for CIT, PIT and VAT returns
 preparation of payroll, transfer of salaries, Social Security payments and returns
 debt recovery, including billing supervision, enhancing debt security and debt recovery procedures, legal activities;
 routine financial reporting; budgeting, forecasting and log-term planning – running, controlling and performance reporting;
 aid to board president and supervisory board with vital financial decisions; “right hand” to general management, trustworthy and solid person, giving stability to operations
 calling and preparation of shareholders’ and supervisory board meetings and representation on meetings, presentations to shareholders of company’s performance, plans, aid to shareholders in decision-making
 co-operation with company’s lawyers and other contractors;
 co-operation with sales and marketing departments, visiting key customers along with senior sales staff, initiating contacts with potential new customers, working on special offers for new and present customers, responsible for all barter transactions with regional press customers, assistance to sales and marketing functions, formulation of sales and marketing strategies, formulating and introduction of pro-sales initiatives;
MAJOR ACHIEVEMENTS:
• introduction of a number of procedures regarding finance and accounting, resulting in enhanced operations
• leadership in creation of strategy for Poland’s regional press and responsibility for its implementation;
• substantial reduction in bad debt reserve due to effective debt control and collection policy
• responsible for implementation of new cooperation rules and procedures between Mediatak and publishers of dailies
• formulation and implementation of barter purchase project, bringing about substantial new advertising budgets the achievement was the implementation of this system and its efficient performance across entire regional press
• active role in achieving ad sales increase in regional dailies, in some by over 100% and in achieving a double digit growth of net income, resulting from a number of my own initiatives;
• enhancement of sales computer system, mainly in the field of reporting and data integration;
• relocation of office, including lease contract negotiations and contract work supervision.
Reasons to leave: Mediatak was closed down in 2006 following the decision by majority shareholder

10.1999 –08.2000
Senior Financial Controller; Adam’s, part of pharmaceutical giant, Warner Lambert
RESPONSIBILITIES:
 running the finance department, US GAAP reporting; consolidation of reports from regions; budgeting
 treasury; debt recovery; internal procedures
Reasons to leave: drastic downsizing of the company following its take-over by Pfizer.

11.1994 – 10.1999
Financial Controller; Rhone Poulenc Rorer (today Sanofi Aventis)
RESPONSIBILITIES:
 reporting (US GAAP), budgeting, financial procedures for production– standard costing, variance analysis,
 internal audit and monitoring of procedures, participation in strategic plans and projects
MAJOR ACHIEVEMENTS:
 creating accounting department, selection and implementation of accounting system and chart of accounts
 introduction of production costing system, implementation of US GAAP reporting and budgeting systems
 active role in financial projects regarding mergers.
Reasons to leave: a challenging offer from Warner Lambert
02.1993 – 11.1994
Accountant, Management Accountant; Oriflame Poland,
RESPONSIBILITIES:
 payables and contacts with banks;
 reporting, production costing; budgeting
Reasons to leave: seeking further development, which was limited with Oriflame