HROSENCV2016-1

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HROSENCV2016-1

  1. 1. HOWARD ROSEN 55-1105 Scollard Street ▪ Toronto, Ontario ▪ M5R 0A1 ▪ 647-282-0593 ▪ hrosen@rogers.com EXECUTIVE OVERVIEW A Senior International Finance Executive with an outstanding track record of over twenty years of progressive and broad experience in complex, global organizations in developed and emerging markets across various industries including manufacturing, real estate and life science. Lived and travelled extensively abroad including Europe and Asia. Significant experience with business transformations/systems, strategic M&A/turnarounds, shared services and restructurings. C.P.A. with expertise in US GAAP and IFRS working with mid-size to very large public companies, private equity and IPOs. A values-driven leader focused on continuous improvement with the proven ability to transform organizations into high-performance, cost-effective, stakeholder-focused teams. PROFESSIONAL EXPERIENCE RioCan Real Estate Investment Trust, Toronto, Canada 2011 – 2016 Largest REIT ($12 billion) in Canada with focus on retail properties and mixed-used development. 354 properties in Canada and U.S. and over 700 employees. Listed on TSX (REI). Senior Vice President & Chief Accounting Officer Reporting to the CFO, accountable for main Finance functions (Reporting, Controls, Accounting, Tax, FP&A and Cash Management, along with U.S. CFO) as well as Information Technology and Business Transformation. Member of Executive Team. Led team of approximately 150. • Championed and led cross-functional business transformation including ERP (JDE), Budgeting/Reporting (Hyperion) & CRM along with process review and data management. Substantial operational efficiencies achieved along with process optimization and significant improvement in analytical and planning capabilities. 30% reduction in reporting/planning cycle times. Revamped IT team to support newly upgraded business systems platform. • Sale of $2 billion U.S. business requiring substantial international tax planning, cash flow management and complex accounting/reporting. • Re-aligned legal entity structure to maximize efficiency to comply with revised Canadian tax regulations (SIFT). Husky Injection Molding Systems Inc., Toronto, Canada May 2010 – August 2011 $1 billion global manufacturer privately held by Onex Corporation, sold to Berkshire Partners/OMERS. Multiple divisions with over 4,000 global employees. Chief Accounting Officer Reporting to the CFO, accountable for a global team of 170 with regional controllers in Shanghai, Toronto and Luxembourg. Functional reports included accounting/reporting, controls/SOX, financial planning/analysis, operations finance and financial systems/processes (US GAAP). • Revamped finance organization resulting in streamlined processes (reduced close time by >20%), strengthened controls and increased business support. • Led Finance through initially proposed IPO process followed by ultimate sale of business to private investors following multi-tiered bidding/diligence process. MDS Inc., Toronto, Canada 2007 – 2010 A $1 billion global life sciences company providing market-leading products and services. Multiple divisions with over 3,000 employees. Dual listed TSX/NYSE prior to sale. Senior V.P. Finance & Chief Accounting Officer Reporting to the CFO, led Global team of 200 with three divisional controllers in North America. Functional reports included accounting (US GAAP), reporting (SEC/OSC), controls/SOX and financial systems, along with two regional shared service centers (Nebraska, Belfast).
  2. 2. Howard Rosen 2 • Led Finance team in supporting business through strategic repositioning involving multiple divestitures and a complete corporate restructuring over an 18 month period. • Architected global controllership transformation resulting in streamlined finance processes with 10% overall cost reduction and significantly upgraded team, including 40 new hires and department re-alignment. Substantially enhanced business support. • Spearheaded major internal controls remediation program. Philip Morris International 1989 – 2007 Largest global tobacco company with over US$35 billion in revenue and 70,000 employees in over 150 markets. NYSE listed (PMI). Senior Accounting Officer and Director Consolidations 2001 – 2007 Philip Morris International Headquarters, Lausanne, Switzerland Reporting to Corporate Controller, Senior Accounting Officer accountable for consolidated financial statements and reporting for $25 billion operating company comprised of over 200 subsidiaries. Ensured compliance with US GAAP/SEC regulations, provided comprehensive financial analysis and managed global issues and policies. Directed finance due diligence and purchase price allocations including deals up to $5 billion in Indonesia, Pakistan, Colombia, Greece and Serbia. Team size of 15. • Co-led global systems initiatives including global reporting system and data management structure in conjunction with Global SAP platform project. Achieved 50% reduction in headcount and operating costs. • Led accounting/reporting preparation for international spin-off of $30 billion operating company. • Relocated function from New York to Switzerland involving recruitment of a completely new team and merger with European reporting team with a 33% headcount savings. • Partnered on establishment of European Shared Service Center creating significant synergies. Controller 1999 – 2001 Philip Morris Products S.A., Neuchatel, Switzerland Provided financial leadership and management for $2 billion manufacturing/trading subsidiary. Leading a team of 50, directed accounting, reporting, budgeting, costing, capital investments and financial systems. Led department restructuring and Finance team’s SAP R3 upgrade. Budget Manager 1997 – 1998 Philip Morris CEMA Regional Office – Lausanne, Switzerland Led budget team/process for $4 billion division covering over 80 varied markets and 15 factories. Provided critical support to Senior Management in setting financial targets and prepared presentations for Senior Management. Manager Capital Expenditures 1992 – 1996 Philip Morris EEMA Regional Office – Lausanne, Switzerland Established and managed $1 billion regional capital expenditure program requiring strong planning, analysis and organization focusing largely on newly privatized/start-up entities in Central & Eastern Europe. Collaborated with management to improve financial performance and plan new ventures in line with structured investment criteria. Senior Financial Analyst-Treasury Department 1989 – 1992 Philip Morris International Headquarters, Rye Brook, New York Recruited from Ernst & Young. Evaluated global capital investments and accounting research issues. Analyzed proposed transactions for impact on strategic objectives. Reviewed annual investment budgets exceeding $500 million and projects up to $300 million.
  3. 3. Howard Rosen 3 Ernst & Young, New York, New York 1985 – 1989 Senior Auditor Audited a wide range of companies from different industries including trading, manufacturing, entertainment and shipping. Supervised large engagement teams. Recognition as youngest member of Technical Review Group. CERTIFICATIONS, EDUCATION & PROFESSIONAL DEVELOPMENT Certified Public Accountant, New York 1987 Bachelor of Business Administration: Accounting - Cum Laude 1985 Georgetown University, Washington, D.C. Master of Business Administration Program – International Finance 1990 – 1992 New York University, New York, New York (60% completed prior to overseas transfer) Mobilizing People: Two-Week Intensive Leadership Program 1999 International Institute for Management Development (IMD), Lausanne, Switzerland Strategic Finance: One-Week Program 2010 Wharton School of Business, University of Pennsylvania OTHER Georgetown University Alumni Association: Interviewing Committee, Real Estate Advisory Group Languages: Working proficiency in French Interests: tennis, music, travel Citizenship: United States of America

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