The document provides details about an individual including name, nationality, date and place of birth, address, education, qualifications, work experience and references. It can be summarized as follows:
The document outlines the personal and professional details of Salomo Rauthovi including his Finnish nationality, education including an M.Sc.(Econ) and MBA, and over 15 years of experience in finance director roles for companies like Silta Oy, Rentokil Initial Oy, and Henkel KgaA. It also lists his qualifications, languages, positions on boards, and references.
1. Name Mr. SALOMO RAUTHOVI
Nationality Finnish
Date and place of birth Month XX, 19XX in Xxxxxx, Finland
Civil status xxxxxxxxx,xxxxxx
Address Xxxxxxtie X, FI-0XX00 XXXXX, Finland
Telephone int. +358 (0) x00 xxx xxx
E-mail xxxxxx.xxxxx@elisanet.fi
SUMMARY
Current
• CFO at Silta Oy, 6/2010- 11/2011
• Location Finland, Industry Outsourcing / Offshoring.
• Silta Oy is the market-leading outsourced Payroll Service and Pension and Personnel Fund
Service provider in Finland.
Past
• Finance & Administration Director at Rentokil Initial Oy, Group, 2007-2010
• Finance Director at Rentokil Initial Oy, 2002-2007
• Finance Manager at Rentokil Initial Oy, 2001-2002
• Finance Manager at Henkel KgaA, Henkel Norden Oy, 1998-2001
• Auditor at PriceWaterhouseCoopers, 1994-1998
• Credit Controller at Apple Inc., 1991-1992
Education and qualifications
• M.Sc.(Econ), Helsinki School of Economics and Business Administration
• MBA, MSU, USA, 1993
• Henkel Controller Academy, Düsseldorf, Germany.
IN A NUTSHELL
M.Sc.(Econ), 15 years of experience in demanding Finance Director and Controller positions in
world leading companies in diverse businesses since 1998. Almost five years of experience in
demanding audit & assurance service in “the big four” audit firm.
Expert in financial and management reporting and accounting process, statutory Finnish single and
consolidated accounts, international management reporting (e.g. IFRS, US/UK/German GAAP
reporting), financial controls, Finnish and international taxes, finance and cash management, human
resource development. Specialised also in implementation of contribution margin model and
performance management with KPI’s, due diligence, mergers and acquisitions projects and
financial analysis for executive management.
Motivated and hard working manager, whose knowledge of languages and teamwork skills are
strengthened by almost 20 years’ versatile and demanding business experience. Good listener and
visionary who is able to turn company’s values, cultures, visions, missions and strategies into new
ideas, projects and practical procedures to improve the performance of the business. Superiors have
recognised his activity and initiative in all work tasks.
http://fi.linkedin.com/pub/salomo-rauthovi/1b/37a/647
2. WORK EXPERIENCE
Chief Financial Officer, Silta Oy, turnover EUR 30 Mio, 6/2010 - 11/2011 (1 year and 5 months).
Silta Ltd is the market-leading outsourced Payroll Service provider, Pension and Personnel Fund
Service provider; Recruitment Service and Surveys, Outplacement and HR consulting and HR
leasing Service provider in Finland.
Main responsibilities:
* Company secretary of Board of Directors and Member of the Steering Group
* Management reporting and sign off
* External financial reporting and taxes (e.g. tax, VAT, social costs, single and consolidated
accounts)
* Finance, (e.g. cash management and treasury)
* Auditing (internal controls and external audit)
* Managing of legal issues, property and insurance responsibility
* Accounting and administration policies and procedures and development of the controlling
function in the company
* Advising in finance and accounting issues and co-ordination across all businesses
Main achievements:
* Stabilizing and refocusing the company after the restructuring phase
* Revenues and Ebitda up (major improvement)
* Redefining group’s value creation position prior to disposals
* Acquisitions and disposals (Jaakko Lehto Oy, Promotive Oy, HR1 Oy, Rahastopalvelut Oy,
Eläkepalvelut Oy)
* New monthly internal (operational and non-operational) P&L, Balance Sheet, Cash Flow
Statement, volume, full time equivalents and divisional KPI’s
* The comprehensive Monthly Management Report, e.g. Financial and KPI reporting / Review
Forms / Management Reports with comparison of actual, forecast, prior year, budget etc
3. Rentokil Initial Oy, Group 2001-2010 (9 years)
Finance and Administration Director, Rentokil Initial Oy, 1/2007 – 5/2010. (3 years 5 months).
Finance Director, Rentokil Initial Oy, 12/2002 – 12/2007 (4 years 3 months)
Finance Manager, Rentokil Initial Oy, 8/2001 – 12/2002 (1 year 4 months)
Turnover from EUR 5 Mio to EUR 7 Mio in 2001 - 2010, Environmental Services industry,
Rentokil Initial Plc group and Rentokil Initial Oy is one of the market-leading Facility Management
Service providers in Europe and Finland.
Main tasks:
• Member of the steering group and member of the Board of Directors, comprehensive
Financial and KPI reporting of Rentokil Initial Group, External reporting (e.g. tax, VAT,
social costs, single and consolidated accounts), management reporting and sign off, tax
consolidation, cash management and treasury, Auditing (internal and external), Property and
insurance responsibility, managing of legal issues (e.g. labour agreements and collective
labour agreement), due diligence, acquisitions and disposals, application of group
accounting and administration policies and procedures, advising in finance and accounting
issues and co-ordination across all businesses, and Company secretary of Board of
Directors. Direct reports e.g. IS-manager, chief accountant, SL and PL clerk, customer
service, invoicing clerk and controller.
Main responsibilities:
• Finance Director in Rentokil Initial Group – control financial and management reporting and
accounting process. Help drive the growth and development of the business; provide support
to the Managing Director as required. Implement and maintain a rigid set of financial
controls and discipline throughout the business. Investigate opportunities for margin
improvement and cost control. Partner with the Managing Director on launching new
projects and ideas to improve performance. Partner with Sales, Marketing and Operations
Directors to improve the performance of the business. Analyze the financial consequences
of major strategic initiatives and mergers and acquisitions.
Special projects:
• Develop customer awareness in the Finance organization & strategic partnership with
businesses
• Partial demerger of Textiles and Washroom entities
• Adapt to a new organization with different business challenges
4. Main achievements:
* Integration of the company into Rentokil Initial Group
* Implementation of principles of fast closing (-3 wd, 0 wd, +3 wd, +7wd)
* Build-up of the controlling function in the company. Coordination of planning & reporting
* Turn-around of the operating cash flows. Operating cash flow improvement 95 - 180% including
all time best DSO 28 days in Europe, budget achiever (revenues and Ebitad)
* Merger and Acquisition projects including fast integrations for synergies
* Sales reporting and CRM implementation (Vineyard), group customer portfolio management
* Service monitoring system (Reslink)
* Volume and contribution margin model - implementation of performance management in Textiles
division
* Internal control rating excellent (i.e. 87/100.)
5. Financial Manager, Henkel Norden Oy, Turnover EUR 50 Mio, 3/1998 - 7/2001 (3 years 5
months)
Main tasks:
* Integration of the company into Henkel Group (e.g. internal reporting and accounting, controlling
and data harmonization of Henkel Group.)
* Statutory Finnish accounting including consolidated annual reporting
* Henkel accounting and reporting (annual report, interim report, monthly report, plan and two
revised plans)
* Finance management (e.g. credit controlling and cash management), insurance management,
wages, and salaries management
* Tax B/S and tax planning (Finnish and IFRS)
* European Shared Service Organization-project: Group wide European Finance and Controlling
development and rationalization project
Main achievements:
* Integration of the company into Henkel Group (e.g. HENSAP roll-out and Henkel COA and CC)
* Implementation of diverse SAP R/3 modules in Finland
* Global Cash Pool implementation in Finland
* Implementation of principles of fast closing
* Nordic and Finnish Merger (7) and Acquisition projects (3) including fast integrations for
synergies
* Hackman Havi post acquisition negotiations and agreement
* Y2K
* Active team member in the European Shared Service Organization team ( best practice / reference
model for e.g. G/L/GA, Sales Ledger/OTC, Purchase Ledger/PTP, Assets Application/AA, Finance
& Controlling CO), International Data Harmonization IDH
6. Auditor, PriceWaterhouseCoopers, SVH Coopers & Lybrand Oy, accounting industry, Finland
1/1994 - 3/1998 (4 years 3 months).
Demanding auditing and corporate restructuring tasks among other things: audit and assurance,
Mergers and Acquisitions, Due Diligence, and corporate restructuring and consulting tasks. Audit
services for the market-leading and listed companies. PWC Finland migrated from the “manual
audit approach” to the full electronic audit approach in 1997.
Credit Controller, Apple Computer Finland Oy, Apple Inc. Finland, Consumer Electronics
industry 5/1991 - 1/1993 (1 year 8 months)
Credit controller, SL, PL, payments and GL / diverse finance assistant tasks. Dissertation / thesis
about Apple Inc. retailers: The new a-state-of-the-art "Cash Flow Statement for Financial Distress
prediction. Helsinki Liquidity Cash Flow Statement - narrow cash principle US GAAP / maturity
max 3 months.
Assistant in the Faculty of Financial Accounting
Helsinki School of Economics and Business Administration
Legal Adviser in Defence Headquarters (Swedish speaking military unit)
Finnish Military National Defence, 10/1988 - 5/1989
In Swedish: “Rättsombudsman och rättsofficerens biträde, utfört teknisk granskning av brigadens
bestrafningar, har härvidlag omfattat bl a införskaffandet av nödiga handlingar vid berande av
krigsrättsärände, har utfört diverse rättsombudsmans ärende.”
7. EDUCATION
Master of Science in Economics in the Helsinki School of Economics
and Business Administration, March 1994
Major: Accounting and finance
Minor: Auditing, tax and business laws
Thesis: Cash Flow Statement, prediction of financial
distress
MBA, MSU, USA, spring 1993
Studies in Financial Accounting and Finance
Grades 3*A (excellent) and 1*B (good)
Advanced Accounting Analysis for Decision Making,
Principles of Economics, Total Quality Management, and
Prob Corporate Finance.
POSITIONS OF HONOUR
Silta Oy
Company Secretary, Board of Directors 2010 - 2011
Kuntalaskenta Oy
Member of the Board 2010 – 2011
Initial Oy
Member of the Board 2009 - 2010
Rentokil Ambius Oy
Member of the Board 2009 – 2010
Rentokil Initial Oy
Member of the Board 2005 - 2009
Lillhemt Asukasyhdistys
Member of the Board (2 years) 2011 - 2013
Kielikylpy Meteoriitinkatu
Member of the Board 1995 - 1999
EDP SKILLS
Wide experience in business applications (among other things: SAP R/3
Finance/Controlling, Gognos, Sonet ERP, Intime ERP, Basware
Business Planning and E-office, word processing and data spread
sheets).
8. LANGUAGE SKILLS (ORAL AND WRITTEN)
Finnish (native), Swedish (fluent), English (fluent), German (basics)
PERSONAL CHARACTERISTICS
Analytical, innovative, socially oriented, reliable, good sense of humour,
sound self-esteem, good listener
PUBLICATIONS
“Cash Flow Statement, prediction of financial distress”
“Contribution Margin Model for Decision Making”
INTERESTS AND HOBBIES
Masters swimming (e.g. Finnish bronze medal in 2010), cycling,
gardening, ice hockey, cross country skiing, snowboarding, golf, the
Finnish art & design.
PERSONS OF REFERENCE
Superiors
Xxxx Xxxxx CEO Position: CEO and Member of Executive
Board, XXXX Oy, 2001-
Mobile: + 1111 1111
Xxxxx Xxxxx, CEO Position: CFO and Member of Executive
Board, Xxxx AB, 1998 - 2001
Mobile: + 111 1111
Mobile: + 1111 1111
Xxxxxx Xxxx, M Position: CFO and Member of Executive
Board, Xxxxx Ltd, 1998 - 2001
Mobile home: + 111 1111
Mobile work: + 111 1111
Xxx Xxxxx (APA/CPA) Position: Member of Board
PriceWaterhouseCoopers, 1994 - 1998
Mobile: + 1111 1111