Categories » The Corporate View
BP Petrochemicals’ David Vermylen explains how he has transformed credit management from a back office, filling out forms role to one that provides dynamic, responsive solutions stemming from much closer integration of credit management with business and commercial lines.
Be the first to comment | May 2013
Based in Singapore, Mikko Sopanen is leading a project in order to consolidate and centralise the cash flows, for importing and exporting, from all companies to the Asian headquarters. He refers to having had three “cash planets” within China, as each cross-border transaction and cash transfer is so restricted.
Be the first to comment | May 2013
The Irish Dairy Board (An Bord Bainne in Irish) is the country’s largest exporter of premium dairy products and a leading international food company with a global footprint extending to over 90 countries. Group Treasurer, Michael McGovern, tells Treasury Today about the changing face of the dairy industry and the pleasures and responsibilities of working within a co-operative.
Be the first to comment | April 2013
When Travelzoo expanded to Asia in 2007, CFO Honnus Cheung had set up seven offices in cities across the Asia Pacific region within a 12-month period. In addition, heading an e-commerce company meant having the support of a good and robust e-banking platform to support not just the collections side but also to give visibility to the company’s treasury activities in the region.
Be the first to comment | March 2013
As CFO of McDonald’s UK and Northern Europe operations, Paul Pomroy has a broad suite of responsibilities, with around £1 billion total annual spend at his disposal for company-owned and franchisee operations. Treasury needs to not only ensure the corporate function has the necessary funding, but also that all its franchisees can afford to get on board immediately with new initiatives.
Be the first to comment | March 2013
Carphone Warehouse Group (CPW) is the largest independent mobile phone retailer in Europe. The UK-based firm owns and operates about 2,400 retail outlets across the region. Outside the UK and Ireland, it trades as the Phone House. CPW’s current treasury operation consists of two teams, each with a treasury manager: one carrying out projects and development and the other covering operations. In total, the whole function is staffed by seven “jacks of all trades”, where previously it had accounted for up to 14 staff (immediately pre-demerger from TalkTalk).
Be the first to comment | February 2013
London-based Mitsubishi Corporation International (Europe) Plc (MCIE) is a wholly-owned subsidiary of Mitsubishi Corporation (MC), a global integrated business enterprise headquartered in Tokyo that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business.
Be the first to comment | January 2013
Heraeus is a German-based, family owned company and has been so for over 160 years. With more than 13,300 employees across over 130 subsidiaries, the global firm’s business groups cover precious metals, materials and technologies, sensors, biomaterials, medical, dental, and pharmaceutical products, quartz glass and speciality light sources. In 2011, Heraeus recorded their most successful year in the company’s history with product revenues of €4.8 billion and precious metals trading revenue of €21.3 billion.
Be the first to comment | January 2013
Bharti Airtel Limited is the largest mobile service provider in India and the fourth largest mobile operator globally. The New Delhi headquartered business has operations in 20 countries spread across Asia and Africa. It employs more than 15,000 staff to service its 260m plus customers, generating annual turnover currently in excess of $13 billion.
Be the first to comment | November 2012
Founded in 1969 and headquartered in Sunnyvale, California, AMD is a semiconductor design innovator leading the next era of vivid digital experiences with its ground-breaking AMD Accelerated Processing Units (APUs) that help power a wide range of computing devices. AMD is a worldwide enterprise with more than a dozen research and development (R&D) facilities, nearly two dozen international sales offices and back-end manufacturing facilities in Malaysia, China and Singapore. AMD currently operates in 50 locations worldwide with 11,705 employees as of February 2012. Corporate revenue in 2011 was $6.57 billion.
Be the first to comment | November 2012