Expert Details
Finance Management, Strategy and Business Development; Running Operations For Multinational/International Developers in Energy/Power, Mining/Metals, and FMCG
ID: 736635
North Carolina, USA
His role encompassed sourcing and evaluating opportunities, negotiating concessions and PPAs, structuring EPC wraps, raising equity and project finance, deploying teams in new markets, and overseeing financial and operational matters. Previously, Expert helped amalgamate a world-class $13B vertically integrated mining& steel conglomerate out of 40+ stand-alone enterprises while absorbing four new acquisitions and subsequently deriving multi-million savings through re-engineering and optimizing value chain processes. Earlier, he had been on the forefront of some of the most renowned consumer goods companies’ push into frontier markets, covering EEMA and Latin America regions and assisting in running individual markets’ finance teams.
Expert holds a Bachelor of Economics and a Master of International Management degrees and is a Fellow of the U.K.-based Association of Chartered Certified Accountants; he’s also a post-exam Candidate for AM qualification from the American Society of Appraisers.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 2020 | Degree: Non-degree certificate | Subject: Communication Strategies | Institution: University of Toronto, Canada |
| Year: 2002 | Degree: Non-degree certificate | Subject: Strategy | Institution: London Business School, U.K. |
| Year: 1998 | Degree: Non-degree certificate | Subject: Business Management | Institution: Ashridge University, U.K. |
| Year: 1996 | Degree: Master of International Management | Subject: International Management and Finance | Institution: Kyiv National University of Economics, Ukraine |
| Year: 1995 | Degree: Bachelor of International Economy | Subject: International Economy and Finance | Institution: Kyiv National University of Economics, Ukraine |
| Year: 1995 | Degree: Non-degree, 1-year exchange program | Subject: Finance | Institution: Pace University, USA |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2015 to Present | Employer: Undisclosed | Title: CFO | Department: C-suite |
Responsibilities:• Execute the deployment of a new strategy aimed at the creation and development of a 1.1 GW, $1.1B multi-asset, and multi-fuel IPP portfolio in Sub-Saharan Africa, incl. power plants and fuel production facilities in Tanzania, Rwanda, Kenya, Uganda, Nigeria, and Madagascar. Technologies include gas and steam turbines, gas engines, mechanized water, HFO, peat, geothermal, solar, mini-hydro.• Conduct all-aspect evaluation of new projects; oversee the progress of ongoing developments. • Set up regional teams; blueprint processes; develop a contractual network (validate power purchase and fuel sale agreements, EPC contracts, joint venture agreements, etc.); liaise with local project partners, authorities, and other stakeholders. • Participate in negotiations with national governments and utilities on the terms of engagement: 4 concessions and corresponding PPAs and FSAs ranging from 15 to 25 years with fuel pass-through and dollar-linked, inflation-indexed tariffs have been signed. • Coordinate capital raise, interacting with equity investors (raised $200M+), and working with regional banks, ECAs, DFIs, and MLFIs such as AfDB, FMO, DEG, BIO, CDC, etc. |
|||
| Years | Employer | Title | Department |
| Years: 2014 to 2015 | Employer: Êvelocity Inc. (international business advisory) | Title: VP Finance and Business Development | Department: Executive |
Responsibilities:• Advised clients on identifying and developing international business opportunities.• Projects included: developing a U.S. market entry strategy for an E. European oil& gas engineering group; evaluating a deal involving acquisition and conversion of a boiler plant in NY State into a co-gen power and heat facility; evaluating a landfill gas-fired PP in Chile; setting up a private label operation involving a U.S. distiller and an E.European distributor. |
|||
| Years | Employer | Title | Department |
| Years: 2009 to 2013 | Employer: Invar International Holding (energy projects developer) | Title: CFO | Department: C-suite |
Responsibilities:• Advised shareholders on the full range of financial, organizational, and risk matters related to the development of existing and future investment projects in EEMA est. at $1.3B.• Monitored the construction of 2x340 MW power plants in Moscow, liaised with project partners, suggested cost and liquidity optimization methods to the project management. • Ensured bankability and mitigated risks of new energy projects through the development of solid fundamentals incl. financial models, PPA, GSA, and EPC agreements. • Identified potential financing sources and negotiated with banks and private equity funds. • Developed exit strategy for the projects close to completion, incl. negotiations with buyers. • Participated in the development of downstream/localization business programs for new projects in Russia jointly with General Electric, Dresser-Rand, and Symbion Power. • Supported major cross-border litigation to defend shareholders’ interest in a partnership dispute by providing a professional opinion to the legal team; raised litigation funding. |
|||
| Years | Employer | Title | Department |
| Years: 2006 to 2009 | Employer: Metinvest Holding (vertically integrated multinational steel maker) | Title: Deputy Holding CFO / Divisional CFO - Steel | Department: Executive |
Responsibilities:• Led efficiency enhancement initiatives, incl. acceleration of closing/reporting cycles, homogenization of costing guidelines, and finance mgmt structure in Holding entities.• Cut $1.3B commodities inventory by 30% in five months by re-engineering processes. • Developed the concept for a holding-wide treasury management system, oversaw the first stage of its implementation. Supervised the Budget stream in SAP implementation. • Communicated with potential lenders/co-investors through the media of investment forums and one-on-one meetings, assessed unconventional sources of funding. • To address the financial crisis developed a plan to plug cash gaps jointly with Sales/Treasury. • Supported IPO-readiness program encompassing compliance, governance, reporting. • As a member of the Finance Experts Committee, identified and evaluated the talent pool. • As a member of the Divisional Board of Directors, consolidated 15 production/commercial entities, incl. 2 new acquisitions, in a single management environment in only one year. • Built Divisional Finance function from scratch, incl. Budgeting, Reporting, Costing, Treasury Support; initiated a comprehensive project to optimize the existing finance processes. • Jointly with other Divisional Directors developed and rolled out the divisional strategy. • Supported Divisional and Holding management’s decision-making through analysis of divisional entities’ performance; served on the Divisional Investment Committee. • Established proper communication in the financial hierarchy of entitiesDivisionHolding • Coordinated compliance risks review jointly with Holding’s Internal Controls. • Supported and encouraged inter-functional expertise exchange. Parameters: revenues $13B+; 40+ entities in 6 countries; 120’000 employees, 11 mtpa steel, 33 mtpa iron ore (world’s 5th largest), 7 mtpa coke output, annual capex $1B. |
|||
| Years | Employer | Title | Department |
| Years: 2004 to 2006 | Employer: Philip Morris International - LatAm HQ | Title: Manager Strategic Planning and Business Development | Department: Strategy |
Responsibilities:• Supported top management in consolidating PMLAC long-range business plans.• Analyzed performance of individual markets to develop business strategies (aggressive growth, retention of market share, acquisition, market re-entrance, etc.). • Conducted competitive intelligence studies (estimates of competitors’ market share, profitability, selling practices, potential strategies). • Prepared weekly regional business overviews for top mgmt of PMLAC and Altria Group. • Parameters: 3 major annual planning cycles; 16 countries, revenues $3B+. • Post-acquisition consolidation of Latin America’s largest independent cig. manufacturer. • Contributed to a quick integration of the newly acquired company: fully-fledged budget and long-range plan only 4 months after the acquisition, rolling budget within 8 months. • Assisted top management in shaping market strategies: evaluated business development alternatives, incl. brand repositioning, new launches, import-substitution, contract manufacturing, price, and trade margins adjustments; analyzed competitive environment. • Coordinated compliance risks identification and review, prepared affiliate’s risk register. • Led SAP feasibility study (identification and quantification of benefits). • Trained and coached local Finance personnel. • Parameters: $310M acquisition; revenues $300M+; 12 brand families; 3 competitors; 80+ brands in the market; monthly rolling budget and a 3-year plan; 2 subordinates. |
|||
| Years | Employer | Title | Department |
| Years: 2003 to 2004 | Employer: Kraft Foods International HQ (FMCG - food) | Title: Manager FP&A | Department: Finance |
Responsibilities:• Supported top management in consolidating KFI budgets and strategic plans.• Calculated, analyzed, and allocated pan-regional costs to individual regions. • Prepared weekly business overviews for top management of Kraft and Altria Group. • Parameters: 4 major budget cycles (Oracle/Hyperion), 5 regions, revenues $8B+. |
|||
| Years | Employer | Title | Department |
| Years: 1996 to 2003 | Employer: Philip Morris International (FMCG - tobacco) | Title: Various finance management positions in HQ and in the field | Department: Finance |
Responsibilities:Factory ControllerMarket Treasurer Supervisor Budgeting & Reporting Financial Analyst - EMEA region |
|||
International Experience
| Years | Country / Region | Summary |
|---|---|---|
| Years: 1996 to 2003 | Country / Region: Ukraine | Summary: Native Ukrainian, worked for multinationals based in Ukraine or out of Ukraine |
| Years: 2005 to 2006 | Country / Region: Colombia | Summary: Acquisition integration with a multinational |
| Years: 2015 to 2016 | Country / Region: United Arab Emirates (Dubai) | Summary: Setting up a regional HQ for a power developer/IPP |
| Years: 2004 to 2006 | Country / Region: Latin American region | Summary: LatAm HQ of Philip Morris |
| Years: 1997 to 1998 | Country / Region: EMEA region | Summary: EMEA HQ of Philip Morris |
| Years: 2015 to 2021 | Country / Region: Sub-Saharan Africa | Summary: Development of energy infrastructure projects |
| Years: 2009 to 2013 | Country / Region: Russia | Summary: Development of power projects (first-ever IPPs in Russia's history) |
| Years: 2009 to 2013 | Country / Region: Turkey | Summary: Development of power projects |
| Years: 2013 to 2013 | Country / Region: Pakistan | Summary: Development of a coal gasification project |
| Years: 1997 to 1998 | Country / Region: Switzerland | Summary: Work at EMEA HQ |
| Years: 2015 to 2016 | Country / Region: Nigeria | Summary: Development of energy infrastructure projects |
| Years: 2014 to 2019 | Country / Region: Rwanda | Summary: Development of one-of-a-kind methanized water-to-power project |
| Years: 2014 to 2021 | Country / Region: Kenya | Summary: Development of a geothermal project |
| Years: 2015 to 2017 | Country / Region: Uganda | Summary: Development of a peat-fired power plant |
| Years: 2016 to 2020 | Country / Region: Madagascar | Summary: Concession for an HFO power plant rehabilitation and operation |
| Years: 2019 to 2021 | Country / Region: South Africa | Summary: Setting up a regional HQ for the development of energy infrastructure projects |
| Years: 2014 to 2016 | Country / Region: Tanzania | Summary: Operation of a gas-fired power plant |
Career Accomplishments
| Licenses / Certifications |
|---|
| FCCA by Association of Chartered Certified Accountants (U.K.-based largest international accountancy body). Post-exam candidate for AM in Business Valuations by American Society of Appraisers |
Language Skills
| Language | Proficiency |
|---|---|
| Englsih | Fluent |
| Ukrainian | Native Language |
| Russian | Native Language |
| Spanish | Intermediate |
| French | Beginner |
Fields of Expertise
energy infrastructure development, power development, renewables, capital raise, debt financing, project financing, project finance, private equity, infrastructure, EPC Contracts, O&M, structured finance, business development, business transformations, operational efficiency, joint ventures, shareholder disputes, shareholder relations, investor relations, international taxation, solar, gas combined cycle, biomass, geothermal, biomethane, valuations, M&A, acquisition integration, reporting, costing, CAPEX, treasury management