This document summarizes an agenda for a 5th Annual Pan-European conference on optimizing treasury, cash management, and liquidity. The conference will feature case studies and presentations from treasury experts of major global companies on improving efficiency in cash flow operations. Over two days, the conference will cover optimizing cash management and establishing cost-effective treasury systems, maximizing performance in treasury controlling, mastering financial risk management, and other topics. Speakers will discuss practical experiences implementing strategies like receivables and payables management, cash pooling, and hedging foreign exchange risk.

1. 5th Annual Pan-European
Optimising Treasury, Cash Management
and Liquidity
Improve Efficiency and Achieve Competitive Advantage by Streamlining Cash Flow Operations in Today’s Volatile Market
conferences
Your Expert Speaker Panel:
Richard van Rossum
Former Group Treasury Controller
Akzo Nobel, The Netherlands
Marco Schuchmann
Treasurer International and
Managing Director
Amgen Global Finance B.V.
Luc Dhervilly
Project Manager, Back-Office Treasury
ArcelorMittal SNC, France
Ramon Tolk
Head of Accounting and Reporting
Corio N.V.
Rudmer Wedzinga
Assistant Treasurer
Coty BV, The Netherlands
Didier Staquet
Finance Operations Director, Nordics
DHL Express, Sweden
Maurice Fischer
Senior Treasury Manager, EMEA
Eaton Industries Manufacturing
GmbH, Switzerland
Piero Guerritore
Head of Financial Risk Management
ENEL S.p.A, Italy
Felipe Florez-Arango
CFO Mature Products, Global Business
Unit, Cash Flow Optimisation, Global
Project Leader
Novartis Pharma AG, Switzerland
Gabriel van de Luitgaarden
Global Head, Treasury Operations
and Control
Philips International
Jacek Matyjasik
Deputy Treasurer
PKN ORLEN S.A., Poland
Alexandre Clar
Director, Global Treasury (EMEA)
PPG Industries, The Netherlands
Gerd Klevenz
Head of Treasury Operations and Processes
SAP AG, Germany
Frank Huitema
Treasurer
Telegraaf Media Groep,
The Netherlands
Renato Pestana
Regional Treasury Manager, Greater
China and Americas
TNT NV, The Netherlands
Frans van Rosmalen
Director Treasury Control
Unilever, The Netherlands
In the Chair:
Didier Staquet
Finance Operations Director, Nordics
DHL Express, Sweden
Unlock cash tied up in operations
and maximise the benefits of
effective liquidity management.
Attending this Premier marcus evans
Conference will Enable You to:
• Increase control of your company liquidity and improve your
global cash management techniques
• Learn from international treasury expertise of major global
companies
• Benefit from practical experience on creating an in-house
banking centre
• Cut costs with improved treasury and cash management
processes
• See how other companies handle their liquidity challenges
at times of economic crisis
• Discuss how to improve funding and find new ways
of financing
Learn Practical Case Study Presentations:
• AkzoNobel approaches treasury and liquidity and discusses
key issues in controlling
• TNT NV shares key experience of effectively managing
treasury and cash management in China and Americas
• Enel S.p.A overcomes key challenges in streamlining
financial risk management
• PPG Industries reshuffles its cross currency notional pooling
across 17 countries
• Novartis Pharma AG creates a global cash optimisation
strategy and overcomes key challenges and risks
• DHL designs receivables and payables management by
focusing on effectiveness and cost reduction
• Arcelor Mittal establishes SWIFTNet and presents the
benefits obtained
• SAP AG efficiently runs its global liquidity management in
the current tough business environment
Bilderberg Garden Hotel
Amsterdam, The Netherlands
4th & 5th June 2009

2. Day 1
4th June 2009
08.30 Registration and Morning Coffee
09.00 Chair’s Opening Address
Didier Staquet
Finance Operations Director, Nordics
DHL Express, Sweden
OPTIMISING CASH MANAGEMENT AND ESTABLISHING A COST
EFFECTIVE TREASURY SYSTEM
09.15 Case Study
Taking Full Control over Corporate Cash Flows: Designing
Effective Receivables and Payables Management
• Optimising cash balances through streamlining the order-to-
cash processes
• Increasing working capital by reviewing the best practices on
management of receivables
• Analysing practical experiences and common pitfalls
• Focusing attention on effectiveness and reduction of cost
• Discussing payables processes optimisation from a working capital
and efficiency perspective
Didier Staquet
Finance Operations Director, Nordics
DHL Express, Sweden
REGIONAL CASH AND TREASURY MANAGEMENT: CHINA,
LATIN AMERICA AND CEE
09.55 Case Study
Improving Working Capital and Liquidity Management in
the CEE Region: Experience of Top Central European Firm
• Liquidity management in capital group and improving working capital
in CEE region
• Transferring liquidity within the group through various instruments i.e.
internal bonds, discounts, extension of payment tenor
• Cash pooling in highly specific Polish environment and outside
Jacek Matyjasik
Deputy Treasurer
PKN ORLEN S.A., Poland
10.35 Morning Coffee and Networking
11.05 Case Study
Treasury and Cash Management Experience in Greater
China and Americas
• Discussing practical experience of managing treasury and cash in
Chinese and American markets
• Identifying and harnessing the main challenges for effective
performance
• Analysing and dealing with the main risk areas
Renato Pestana
Regional Treasury Manager, Greater China and Americas
TNT NV, The Netherlands
OPTIMISING CASH MANAGEMENT AND LIQUIDITY
11.45 Case Study
Optimising Cash Management
• Cash optimisation through cash management structures
• Reduction of banking fees by reduction of transfers (i.e. netting)
• Cash centralisation and risk control related to the banks
• Relation of treasury and shared services centers
Maurice Fischer
Senior Treasury Manager, EMEA
Eaton Industries Manufacturing GmbH, Switzerland
12.25 Lunch
13.45 Case Study
Optimising Operating Working Capital: An Increasingly
Important Element of Change With an Exponential +$700Bn
Cash Opportunity
• Proving business planning and critical decision support leadership in
cash flow optimisation to business
• Overview of practical experiences
• Discussing and overcoming key challenges and risks
Felipe Florez-Arango
CFO Mature Products, Global Business Unit
Cash Flow Optimisation, Global Project Leader
Novartis Pharma AG, Switzerland
STRATEGIC TREASURY TRANSFORMATION
14.25 Case Study
SWIFTNet at ArcelorMittal Treasury SNC
• The challenges of the STP process for a group treasury: SWIFTNet is
the proper answer
• Present utilisation of SWIFTNet at ArcelorMittal Treasury SNC. What
has been done so far and the benefits obtained
• The next steps: An increase use together with the rise of SEPA and
more STP regarding FX, MM and commodities transactions
Luc Dhervilly
Project Manager, Back-Office Treasury
ArcelorMittal SNC, France
15.05 Afternoon Networking and Tea
15.35 Case Study
Move Treasury From Transaction Processor to Business
Partner and Decision Support Role Through Automation
and Centralisation
• Global liquidity management and payment infrastructure (centralised
bank statement collection and processing)
• Global and real time foreign exchange exposure determination
and management
• Handling international treasury under current tough business
environment
Gerd Klevenz
Head of Treasury Operations and Processes
SAP AG, Germany
16.15 Closing Remarks of the Chair and End of Day 1

3. Day 2
5th June 2009
08.30 Registration and Morning Coffee
09.00 Chair’s Opening Address
Didier Staquet
Finance Operations Director, Nordics
DHL Express, Sweden
MAXIMISING PERFORMANCE IN TREASURY CONTROLLING
09.15 Joint Case Study
Treasury and Liquidity: Discussing Key Issues in Controlling
• Balancing your liquidity management while controlling it based on
information received
• How do you report on this topic to our internal and external
stakeholders?
• How do we know if we are still in line with the policy: When and
how do we report on it?
• What should we report to our internal stakeholders? E.g. do we
report to our CFO about the interrelationship which FX- and interest
management can have on our liquidity?
• Have we built in checks and balances?
• Reviewing practical examples of internal and external reporting: Do
we think it is sufficient what we have reported according to IFRS 7
requirements to our external stakeholders?
• Analysing the lessons learnt from a practical standpoint
Richard van Rossum
Group Treasury Controller
Akzo Nobel, The Netherlands
Gabriel van de Luitgaarden
Global Head, Treasury Operations and Control
Philips International
Frans van Rosmalen
Director Treasury Control
Unilever, The Netherlands
10.15 Panel Discussion
Cash Flow Forecasting: Addressing The Key Issue
• How to we handle the uncertainty challenge to the best of
the company
• What can be used as good means: internal partners, tools,
approaches etc?
• Discussing practical experiences of success and problem handling
• Future directions and trends
Felipe Florez-Arango
CFO Mature Products, Global Business Unit
Cash Flow Optimisation, Global Project Leader
Novartis Pharma AG, Switzerland
Alexandre Clar
Director, Global Treasury (EMEA)
PPG Industries, The Netherlands
Marco Schuchmann
Treasurer International and Managing Director
Amgen Global Finance B.V.
Luc Dhervilly
Project Manager, Back-Office Treasury
ArcelorMittal SNC, France
Ramon Tolk
Head of Accounting and Reporting
Corio N.V.
Jacek Matyjasik
Deputy Treasurer
PKN ORLEN S.A., Poland
11.00 Morning Coffee and Networking
MASTERING FINANCIAL RISK MANAGEMENT
11.30 Case Study
FX Markets: Adopting a Strategic Approach in the FX Arena
• Discussing different ways of managing foreign exchange
• Increasing liquidity through targeted hedging
• Dealing with different types of foreign exchange risk
Frank Huitema
Treasurer
Telegraaf Media Groep, The Netherlands
12.10 Case Study
Financial Risk Management in Enel Group
• Financial indebtedness management
• Handling interest rate and FX risk management
• Working with subsidiaries internationally – an integration case
• Emphasising key challenges and lessons learnt
Piero Guerritore
Head of Financial Risk Management
ENEL S.p.A., Italy
12.50 Lunch
14.10 Case Study
Cash Pooling: Determining the Importance of Centralised
Cash Positions
• Discussing its implications and advantages for companies
• Reviewing future developments in technology and standardisation
• What are the most convenient ways of getting the cash in pools and
how much cash is enough?
Rudmer Wedzinga
Assistant Treasurer
Coty BV, The Netherlands
14.50 Case Study
Optimising Cash Pooling: Cross Currency Notional Pooling:
The Ultimate Solution in Europe?
• Overview of strategy, framework and approach
• Maximising effective use of cash pools for company benefit
• Analysing the lessons learnt
• Balancing efficiency and risk
• Setting up the direction for future
Alexandre Clar
Director, Global Treasury (EMEA)
PPG Industries, The Netherlands
15.30 Closing Remarks from the Chair and End of the Conference
Business Development Opportunities:
Does your company have solutions or technologies that the conference
delegates would benefit from knowing? If so, you can find out more
about the exhibiting, networking and branding opportunities available
by contacting:
James Driscoll, Sponsorship Manager, marcus evans Stockholm
Tel: 0046 8 678-6040
E-mail: JJaammeessDD@@mmaarrccuusseevvaannssssee..ccoomm
wwwwww..mmaarrccuusseevvaannssssee..ccoomm//ccaasshh

4. Richard van Rossum
Former Group Treasury Controller
AAkkzzoo NNoobbeell,, TThhee NNeetthheerrllaannddss
Richard van Rossum (46) started his career in 1987 in external audit resp.
advisory. In 1991 he joined Akzo Nobel, nowadays a leading supplier in
paints, coatings and specialty chemicals (EUR 15.4 bln revenues). At Akzo
Nobel he started in Internal Audit, after which he became Finance Director
of Organon Belgium subsequently Organon Mexico. Back in the
Netherlands, he became Head of a Finance and Accounting department of
one of the larger business units of Akzo Nobel. Since 2001 he fulfilled the
position of Treasury Controller. He managed a Treasury Control department
responsible for control on front-office activities (exposure limits,
benchmarking), the reporting (management information) and accounting of
all Treasury activities (e.g. hedge accounting) and Akzo Nobel’s Inhouse
Bank. In the second half of this year, he will continue as a senior consultant
in Treasury.
Richard has an MBA in business economics, is a trained chartered
accountant and followed in recent years education in the field of Treasury
and Corporate Finance at the Association of Corporate Treasurers and at the
London Business School.
Marco Schuchmann
Treasurer International and Managing Director
AAmmggeenn GGlloobbaall FFiinnaannccee BB..VV..
Marco Schuchmann (40) started his career in 1989 in banking and worked
for various international banks (Dresdner Bank, National Westminster Bank
and JPMorgan) as a Treasury Specialist and Relationship Manager. In 2003
he joined Amgen as international treasurer to build up a regional treasury
center in the Netherlands for Amgen’s operations outside North America.
During this time he was in charge of creating a shared service center for
payments/receipts (payment and collection factory), he implemented cash
pools in various currencies and established a corporate netting program for
all global group companies. He managed successfully the integration of 2
acquired companies and was a finance lead as part of the international
expansion program of the company. In 2007, he became the director of the
Dutch resident finance company which handles globally inter-company
funding and the global foreign exchange exposure of the company. As tools
he implemented SAP-IHC as project lead and Sungard Quantum as project
member. In addition, he optimized the working capital of the company
especially with securitization/factoring transactions. Amgen today has a
highly effective, centralized treasury operations group with state-of the-art
tools. As part of his role he manages 3 people in the Treasury Center in
Breda, the Netherlands as well as 4 people at Amgen’s HQ in Thousand
Oaks, California, USA.
Luc Dhervilly
Project Manager, Back-Office Treasury
AArrcceelloorrMMiittttaall SSNNCC,, FFrraannccee
Luc Dhervilly (45), has Masters of International Finance from Sciences Po in
Paris. Mr. Dhervilly has 12 years in the banking world at Société Générale
from 12/1988 to 01/2002 where he held several positions, notably: Internal
Auditor, Account Manager for Multinationals and International Cash
Management Product Manager. Since 02/2002 he is a professional in the
Corporate Treasury field of large multinationals: Aventis/Sanofi-Aventis,
Compagnie Financière Michelin, Steelcase International and, since 05/2008,
Project Manager at ArcelorMittal Treasury SNC.
Rudmer Wedzinga
Assistant Treasurer
CCoottyy BBVV,, TThhee NNeetthheerrllaannddss
Rudmer Wedzinga (39) is International Treasurer at Coty Inc., where he is
responsible for Treasury in the EMEA, Latin America and Asia, over the last
years he focused on global cash management, cash flow forecasting and
integration of acquisitions.
Previously he was Assistant Group Treasurer at Reckitt Benckiser and held
various positions at ABN AMRO. Coty Inc. is the world’s largest fragrance
company with annual net sales of $ 4bn. The brand portfolio includes
Calvin Klein, Davidoff, Chopard, Rimmel, Adidas, Playboy, Esprit, Lancaster,
Karl Lagerfeld and many others.
Didier Staquet
Finance Operations Director Nordics
DDHHLL EExxpprreessss,, SSwweeddeenn
Didier Staquet is Belgian, (39). Holds a degree in bio-chemical engineering,
a degree in industrial engineering and an executive master in Finance.
Joined DHL 11 years ago, after a few years in the uniform rental industry
Has held various positions with DHL, mostly in Finance and Shared
Service functions:
• Finance Program Mgr at the European Shared Service Center, responsible
for transitions, process stabilization and ERP deployment.
• Regional Process Owner for Billing, responsible for system and process
integration
• SAP Deployment Director Europe
• Vice President, Country Accounting Center France (230 FTEs), in charge
of the unit setup and stabilization
• Currently holds the dual role of Finance Operations Director Nordics (280
FTEs across 8 countries) and CFO Global Business Services France (400
FTEs)
Didier Staquet has work experience in 6 different European countries
(Belgium, Netherlands, Germany, France, Denmark, Sweden). Expertise in
Financial Shared Service Centers, Process improvement, Transitions and
System deployments.
Maurice Fischer
Senior Treasury Manager, EMEA
EEaattoonn IInndduussttrriieess MMaannuuffaaccttuurriinngg GGmmbbHH,, SSwwiittzzeerrllaanndd
Maurice Fischer has been Treasury Manager for the EMEA region at Eaton
since September 2001, working is respectively Amsterdam, Cleveland and
Morges, Switzerland. Eaton Corporation is a diversified power management
company with 2008 sales of $15.4 billion. Eaton is a global technology
leader in electrical systems for power quality, distribution and control;
hydraulics components, systems and services for industrial and mobile
equipment; aerospace fuel, hydraulics and pneumatic systems for
commercial and military use; and truck and automotive drive- and
powertrain systems for performance, fuel economy and safety. Eaton has
about 75,000 employees and sells products to customers in more than 150
countries. Sales in EMEA were over $4 billion in 2008. Prior to Eaton
Maurice Fischer was Cash Manager at Royal Vopak NV in Rotterdam.
As Treasury Manager EMEA, Maurice Fischer has overall responsibilities over
Cash and Foreign Exchange Management, inter-company funding, inter-
company netting, Treasury related systems and Treasury related projects,
such as process improvements and mergers and acquisitions.
Piero Guerritore
Head of Financial Risk Management
EENNEELL SS..pp..AA..,, IIttaallyy
Piero Guerritore (42) holds degree in Economics and MBA. First working as
Auditor for Price Waterhouse, then for Intesa BCI gets a two year
experience in banking & financial services sector. In Enel since 1997, where
is now in charge of Enel Group Financial Risk Management taking care of
group derivatives portfolio, IAS testing, official derivatives financial
reporting, forecasts and scenario analysis on interest rate and foreign
exchange, benchmarking and performance control of Treasury activity,
support domestic and foreign companies in risks recognition and manages
derivatives operations for all Group companies. Currently he is joining the
working group aimed to implement the new integrated system for financial
activity management in Enel Group. In the past has worked on 1st listing of
Enel on Italian stock exchange, has joined team for IAS implementation in
Enel, and has been in charge of annual financial reporting to SEC until Enel
delisting from NY Stock exchange; has followed the introduction in Enel of
Sarbanes Oxley Act, taking care of the implementation of control system for
Risk management activity. In 2004 Enel wins the “Risk Manager of the
Year” award (first Italian company to get this prestigious award) attributed
by “RISK” magazine – Risk Waters Group, January 2004 as the company
which has distinguished in financial risk management for the excellence of
financial strategy persecuted.
Speaker Profiles

5. Felipe Florez-Arango
CFO Mature Products, Global Business Unit
Cash Flow Optimisation, Global Project Leader
NNoovvaarrttiiss PPhhaarrmmaa AAGG,, SSwwiittzzeerrllaanndd
Felipe is an innovative Finance Executive with a dynamic career providing
business planning and decision support leadership in progressively
responsible Finance and Accounting roles at the country, region and global
levels for Procter & Gamble, General Electric and most recently Novartis
Pharma. Extensive international experience in Latin America, USA, China
and Europe. Felipe holds a degree in Business, a Masters in Strategic
Marketing and an MBA in Leadership and Finance.
During his professional career, Felipe has lead key WoC projects including:
• Novartis Pharma: Currently leading since kick-off a Global Project focused
on Optimising Operating Working Capital (Inventories, AR and AP).
• GE Aero Energy: Lead a Six Sigma Project focused on Inventory
optimization leading to the lowest inventory level without business
disruptions, improved processes, controls and visibility.
• P&G: Lead the Latin America WoC Team. Achievements include lowest
regional DSO ever and significant operating and capital cost savings.
Gabriel van de Luitgaarden
Global Head, Treasury Operations and Control
PPhhiilliippss IInntteerrnnaattiioonnaall
Gabriel (48) is Senior Vice President with Royal Philips Electronics, the
leading Health and Well-being company. For the past 4 years he has been
responsible for Global Treasury Operations & Control, as well as CFO of
Philips real estate and controller of pension accounting. Before this he was
the CFO of Philips Pension Fund in the Netherlands for 7 years.
Gabriel is a trained chartered accountant and before joining Philips spent
12 years in (EDP) audit, worked as a controller for 4 years in a trading
company and 4 years in an asset management company.
Jacek Matyjasik
Deputy Treasurer
PPKKNN OORRLLEENN SS..AA..
Jacek MATYJASIK, Deputy Treasurer of PKN ORLEN since May 2007,
responsible for liquidity, cash and market risk management, including fx,
interest and commodity hedging of PKN and Capital Group (Poland,
Germany, Czech and Lithuania). Co-head of insurance and credit
management. Earlier, since 1996, Corporate Banking Director at ING Bank,
Warsaw. Graduate from MBA at University of Minnesota and master studies
at Warsaw School of Economics (SGH), faculty: Banking and Finance.
Alexandre Clar
Director, Global Treasury (EMEA)
PPPPGG IInndduussttrriieess,, TThhee NNeetthheerrllaannddss
Alexandre (46) has been the EMEA Treasurer with PPG since end 2007. Prior
to that, Alexandre was Group Treasurer of SigmaKalon, a ? 2 billion global
player in decorative and industrial coatings, headquartered in Uithoorn (NL),
which was later acquired by PPG from private equity Bain Capital. Before
relocating from Paris, Alexandre was head of corporate funding of energy
giant GDF Suez. As a EMEA treasurer, Alexandre has overall responsibility
over cash, FX risk and credit management in 96 entities located in 32
countries. PPG (NYSE: PPG), headquartered in Pittsburgh (USA) is a $ 16
billion global player in industrial coatings with a strong footprint in the US
and Asia.
Gerd Klevenz
Head of Treasury Operations and Processes
SSAAPP AAGG,, GGeerrmmaannyy
Gerd Klevenz joined SAP in July 1995 after working at a German bank for
several years. The first responsibilities at SAP’s Treasury have been in cash
management and global subsidiary support. From 2003 on he was part of
the Middle Office with responsibilities in Intragroup Financing, Investments,
Bank relations and Risk Controlling. Since May 2008 Gerd Klevenz leads the
team “Treasury Operations & Processes” which covers global payment and
account management, Back Office functions and the In-House Bank of SAP.
Frank Huitema
Treasurer
TTeelleeggrraaaaff MMeeddiiaa GGrrooeepp,, TThhee NNeetthheerrllaannddss
Frank Huitema (33) has been Corporate Treasurer of Telegraaf Media Groep
(TMG) since 2003. TMG is the largest listed Dutch media group, publishing
the number one Dutch daily newspaper De Telegraaf and broadcasting Sky
Radio and Radio Veronica. Prior to TMG, he worked in various treasury roles
for Alcatel-Lucent and its spin-off Avaya, all active in telephony systems. At
TMG, Frank is responsible for Funding, FX, Cash Management and Working
Capital Management, as well as for the financial management of TMG’s
portfolio of minority participations. He is based in Amsterdam. He has
extensive international experience across three continents and has led a
number of M&A projects in recent years.
Renato Pestana
Regional Treasury Manager, Greater China and Americas
TTNNTT NNVV,, TThhee NNeetthheerrllaannddss
First phase of the career focused on financial services working on banks and
asset management in Brazil for companies like Citicorp, Alliance Capital
Management and local banks. After 10 years of working experience, an
interval was taken in order to pursue a MBA in the USA. Regressed after
MBA studies entering on the corporate treasury world working in Latin
America and Europe for Intel Corp. and thereafter for TNT NV in the
Netherlands. Current responsibilities are looking after the treasury activities
for Greater China and Americas regions for TNT as a Regional Treasury
Manager and gatekeeper of the TNT Group cash management activities.
Frans van Rosmalen
Director Treasury Control
UUnniilleevveerr,, TThhee NNeetthheerrllaannddss
Since 1980 Frans van Rosmalen has been working for Unilever, one of the
world's leading suppliers of fast moving consumer goods with half of its
?40bn turnover in developing and emerging markets. After various financial
functions, Frans became Director Control of Treasury in 2000. From 2008
onwards he combines the Treasury Control role with the role as Director
Parent & Holdings. He is based in Rotterdam in the Netherlands.
As part of his Treasury Control function he is amongst others responsible for
the Back office activities (e.g. confirmations, payments and bank account
reconciliation), for the Middle Office activities (real time / on-line monitoring
of positions including bank exposures, accounting and reporting) and for
the world-wide reporting/analysis of Net Debt, cash generation, interest
costs and key performance indicators (actuals plus forecast).
Unilever started a project to centralise the world-wide Treasury activities
relating to cash management and forex/interest management in 3 core
Treasury centres (Rotterdam, Mumbai and Sao Paulo) and all Back Office
activities (if it can be automated) will be done from the centralised Back
Office in Rotterdam.
Speaker Profiles