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Chief Financial Officer - Aim Listed Engineering and Manufacturing

Employer
Augment Equity
Location
East Midlands Region
Salary
Competitive Six Figure base, plus Bonus, Benefits and meaningful Share Options
Closing date
14 Oct 2022
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Job Details

The Business:

Our client is a market leading manufacturer of LED lighting & electro-mechanical systems and a distributor of engineered components. Their focus and expertise lie within several core sectors namely; the rail, aviation, industrial, infrastructure and defence markets. Tracing its origins back to the 1800’s, the Company has a long and impressive product development history and prides itself on providing the highest levels of customer service and innovate products focussed on achieving energy efficiency, low maintenance and life-cycle costs. The business boasts a reputation for cost-effective yet cutting-edge engineering solutions with an enviable rollcall of customers, and they are proud to be working on some of the world’s biggest transport manufacturing projects. The business has developed a successful export capability, most notably in Europe, Asia, and Australia, and has exported products and services to over 50 countries worldwide.

The Opportunity:

Following the pandemic and a period pf global supply-chain re-calibration, the business is perfectly poised to take advantage of the huge growth opportunities that exist within its core international markets. During the last couple of years, the shareholders have created a ‘platform for expansion’ following a significant period of human capital change at both board and divisional level, marking a new and exciting chapter for the business. The business also finds itself entering the new financial year with a record orderbook. Therefore, with a supportive and growing shareholder base, the opportunity to join this businesses leadership team couldn’t come at more exciting time!

The new CEO’s ambitious vision for growth is supported by a board comprising individuals with impressive track-records of value creation, internationalisation, and growth. The Group has invested significantly into its UK manufacturing and RND base and now boasts world-class facilities that “wow” customers. Moving forward a big part of the strategy is to focus fully on maximising the huge commercial growth opportunities that exist across all key sector and geographical verticals, both in the UK and globally. Although the business operates across forty countries with international business comprising c50% of revenues, there is a desire bring further focus and quality around maximising the international opportunities that exist across all key industry verticals, with a drive to push much harder on and indeed “own” key territories such as the Americas, DACH regions and France.

M&A is also on the radar with a supportive shareholder[1]base open to funding acquisitions that increase market-share and the customer/product portfolio. With the above in the mind the shareholders have ambitions to grow group turnover to at least £50m over the next 3-5 years.

The Role:

With their ambitious growth aspirations in mind the business now requires a Group Chief Financial Officer to help execute on the new and exciting strategic priorities. The appointment of a Group CFO comes following the restructure of the group and in tandem with the finance function being centralised. With a great team and a new Group Financial Controller, the business now requires a leader who can create a world class finance function capable of supporting the business in seizing upon and executing the various growth opportunities that now exist. The Group’s three Divisional MD’s will continue to report into the CEO but with a dotted line into the CFO. One of the major emphases behind the appointment is that the Group CFO works as a genuine business partner to the CEO in ensuring a clear strategy is created, measured, and executed. It is important that the CFO utilises a commercial forward-looking proactive approach, where finance is used to map-out a clear and measurable direction for each business, sector and geographical vertical within the group. Commercial finance must be utilised to ensure that each divisional MD achieves the financial goals laid out by the board, utilising measurable growth metrics such as KPI’s to ensure the business remains on track, and if not, to foresee any changes in direction ahead of any issues. This commercial and operationally minded CFO will take a lot of pressure off the CEO, acting as his right-hand-person and a commercial finance partner, allowing them to focus on the things that they excel at. The CFO must also be able to deputise for the CEO when absent from the business.

Alongside the commercial elements of the role, it is a given that the CFO will be an astute technical operator and will lead and oversee the centralisation and improved effectiveness of the finance function. With new systems and automation being implemented, the Group CFO with technical support from the Financial Controller must create an effective and efficient world class operation. The Group CFO will be a key contributor and indeed a leading voice at board meetings whilst also attending and presenting at regular shareholder roadshows and meetings with advisors, banks and potential investors.

 

Company

Appointing the very best people at board level is the most important element in ensuring businesses maximise growth potential and shareholder returns. Working with Private Equity backed and Owner Managed businesses we specialise in carrying out the most rigorous search processes to fulfil this mission.        
Our exhaustive research-led approach ensures we embed ourselves fully into our client organisations, understanding the brief at both a technical and highly strategic level. 
We strive for perfection on each and every project.

Find Us
Website
Telephone
07725 846391
Location
85 Great Portland Street
London
Greater London
W1W 7LT
GB
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