Torben Budde has over 30 years of experience in finance and management roles. He has worked for companies like British American Tobacco, TDC, Nykredit Bank, and Jyske Bank, gaining experience in accounting, controlling, treasury, and managing teams. Most recently, he was CFO for Thales Transportation Signalling & Security Systems A/S and Finance Manager for a consortium project to re-signal the Danish railway.

1. Torben Budde, Kildeskovsvej 14, 2820 Gentofte 1/3
Tlf. 40 30 80 45 (mobil), 39 68 13 65 (privat)
Mail: budde.torben@gmail.com; LinkedIn profil: http://dk.linkedin.com/in/torbenbudde
Many years of practical experience at Management level from both private enterprises, primarily
regarding economic, financial and accounting issues, and from the Financial sector with compre-
hensive international interface. Comprehensive personal experience with different ERP-systems.
Many years experience in managing teams. Personal characteristics: Dutiful, Open to new ideas, not
affected by stress, extroverted, friendly, analytical & systematic.
2012 - Torben Budde Holding, Personally owned company
Company established related to potential Interim Management jobs for Finance
& Accounting. Investment & Consulting company.
2012 – 2013 Thales Transportation Signalling & Security Systems A/S (T3S) and
Consortium Thales – Balfour Beatty Rail A/S (BBR)
CFO Thales T3S & Finance Manager for Consortium Thales - BBR
Thales, together with BBR as a consortium, was in January 2012 awarded the
epochal large contract to re-signal the western part of the Danish Railway Main
Lines in Jutland.
Responsibilities: • All aspects of financial interactions with the customer (billing, financial
reporting, payments, forecasts, Change Requests etc.)
• Manage all financial and project controlling within the Consortium and to
subcontractors
• Monitor percentage of completion of the project, actual cost and analyse cost
at completion and take actions if major cost deviations occur.
• Monthly reporting for project as well as for Thales unit for HQ and at Board
level.
• Statutory reporting for Thales DK and for Consortium (Fjernbane West
Project I/S) according to IFRS and Danish GAAP for building contracts.
• Ongoing monitoring risk and contingencies for project.
• Treasury and insurance matters in co-operation with HQ and local and
international banks.
• Manage the local Finance team and overview outsourced services
• Overview of bookkeeping, provisions and other special project accounting
issues etc.
Selected results: • Established a full fledged and small, efficient Finance Department from
scratch to be used for a long term project with full overview of the finances and
risks.
• Delivered first audited financial statements in accordance with the rules for
construction contracts, re. Danish GAAP.
• Ensured complete overview of cash flow throughout project life until 2025.
2008 - 2011 British American Tobacco Denmark (BAT) / Skandinavisk
Tobakskompagni (ST)
Global Travel Retail & Export Finance Manager / Head of Accounting /
Group Controller in Group Corporate Finance/Planning & Reporting
Responsibilities: • Responsible for overview and reporting of all export activities.
• Head of Accounting, responsible for accounting, treasury bookkeeping etc.
CURRICULUM VITAE
Torben Budde
PROFILE:
CAREER DEVELOPMENT: (professional)

2. Torben Budde, Kildeskovsvej 14, 2820 Gentofte 2/3
Tlf. 40 30 80 45 (mobil), 39 68 13 65 (privat)
Mail: budde.torben@gmail.com; LinkedIn profil: http://dk.linkedin.com/in/torbenbudde
• Responsible for controlling House of Prince and its international cigarette
affiliates (Sweden, Poland, Estonia, Latvia, Lithuania, Czech and Slovak
Republic, Hungary and Greece).
• Further responsible for audit, reconciliation, Group consolidation, financing,
transfer pricing documentation, etc.
Selected results: • Converted ST’s SAP-system to BAT’s SAP-version and successively
outsourced the accounting function to BAT’s common European accounting
Center in Rumania with savings of head count of 6 persons. Established
consolidated reporting with Hyperion (HFM) and Cognos.
1997 - 2007 TDC
2000 - 2007 Int. Controller in Financial Service (part of TDC Mobile International)
Responsibilities: • Controlling and participation in Board of Directors- and strategy activities
etc. primarily for TDC’s partly owned foreign mobile companies: ONE,
Austria (15%) and Polkomtel, Poland (19.6%). Prepared Management &
Board proposals regarding the companies.
The companies belong among the biggest in their resp. countries with a
turnover then of approx. DKK 16 bn. (Polkomtel) resp. DKK 5 bn. (ONE).
• Responsible for ex. monthly reporting, budget and current forecasts,
Balanced Scorecard (KPI’s), yearly update of 10-years business plans,
valuation and participation in Merger & Acquisitions, Controlling etc. as well
as different project evaluations.
• Reporting of accounts in English and according to IFRS-standards.
Selected results: • By issuing syndicated project financings of approx. DKK 5.2 bn. (2004) and
DKK 3.4 bn. (2001) respectively with a number of International banks
secured that ONE’s whole financing was secured without joint liability from
the shareholders.
1997 - 2000 Business Controller / Director in International Finance/Operations (part of
Tele Danmark International)
Selected results: • Active participation in Board of Directors meetings and controlling of
companies in Germany, Austria, Holland, Switzerland and Czech Republic for
green field as well as for established mobile companies, for big established
Reseller-company within Mobile, Fixed-net and Internet 2nd operator,
Internet Service Provider as well as established Paging-company.
• Engaged in valuation and assessment of new investment possibilities in a
broad range of countries as well as projects, including Sweden, Poland,
Czech Republic, Germany, Austria and Holland etc.
1995 - 1996 Nykredit Bank, Manager (Head of Credit department, part of Credit Area)
Included 2 established daughter banks in Germany and England as well.
• Responsible for presentation as well as for approval of credit facilities within
the bank etc., including the affiliate companies.
1988 - 1995 Jyske Bank, SVP and Deputy Manager in International Division
International Division had responsibility for the Banks activities abroad,
including its 5-6 foreign entities in Europe.
• Reporting to the Head of Int. Division and was his deputy.
1973 - 1988 Danske Bank
1985 - 1988 Senior Account Manager in Energy Department (later part of Merchant
Bank-Division). The department had the customer responsibility for all
customers in Denmark and abroad with relations to the energy sector etc.
• Had customer responsibility for some of Denmark’s largest, as well as most
demanding, companies, ex. DONG and similar.
1982 – 1985 Assistant Manager (Head of International Credit Depart., part of Credit Area)
• Responsible for credits through the Bank’s international entities as well as
other international credit approvals.
1973 - 1982 Assistant Manager (Head of/Clerk/Student assistant in Economics
Department - part of Finance Division)
The department had responsibility for general macro economic forecasting etc.,
especially regarding Credit policy, macro liquidity planning and -allocation as
well as strategic planning.

3. Torben Budde, Kildeskovsvej 14, 2820 Gentofte 3/3
Tlf. 40 30 80 45 (mobil), 39 68 13 65 (privat)
Mail: budde.torben@gmail.com; LinkedIn profil: http://dk.linkedin.com/in/torbenbudde
2014 DTU Executive School of Business, The 100 Day Growth Challenge – Class 8 (10 ECTS
point), A six-week full-time course aimed at executives focusing on the creation of short- and
medium-term growth. The participants have worked as part of a team acting as consultants for an
outside organization. Passed a combined exam consisting of a team project and an individual oral
exam and was awarded the grade 12 on the 7-point grading scale.
1976 M.Sc. (Economics), Copenhagen University, average 8.9 (13-scale). Special thesis in Credit
policy.Examination in 8 courses more than prescribed.
1976 M.Sc. (Business Administration), Copenhagen Business School (CBS) within Business
accounting as well as Management/Strategic planning (remained only to prepare final special
thesis).
Courses in Denmark as well as abroad, especially regarding company strategy, -merger &
acquisitions, -management etc., planning, accounts and macroeconomic topics, including
2011 Course: Prince2 Foundation (Mannaz) – Passed APM Group (England) certified
examination
2008 Course: Strategic Planning (HoP internal course)
2007 Workshops: Cognos Finance (05/07) and Cognos Performance (10/07)
2006 Course: PWC University – IFRS accounting standards
1978 London (Lloyds Bank - 3 months)
Super user of Microsoft’s Office program package, several years of experience
with ERP-systems, ex. SAP/Navision-C5, Hyperion (HFM), Cognos & Magnitude.
English – Read, Write & Speech: Negotiation level
German – Read: Good, Write & Speech: Middle
French – Read: Middle, Write & Speech: Basis
Engaged a lot in sports, primarily something that includes a ball (football,
tennis, badminton, but also running, biking, skiing). Taking care of own house
and garden. Servicing and care of holiday villa in Southern France
(www.agay.dk). Rather than reading a “crime”, I read the Danish Central
Bank’s Quarterly Review !
Excellent health. Non-smoker. Economic independent.
Married to GCP-monitor Anne Mette Budde (Copenhagen University Hospitals).
2 sons, 25 and 22 years (both studies at KU (Copenhagen University) / DTU
(Danish Technical University)).
Personality characteristics acc. to DiSC personality test – high C, low I
(Thomas International, 11/2011): Careful, systematic, Curious, Logical,
Comfortable, Good listener. General characteristics: Is able to concentrate on
and work with detailed information; Perfectionist, who has a strong drive;
Require high standards of himself and others; Organizes and plans his work.
Strong-willed person.
POST GRADUATE EDUCATION: (examples – professional)
FOREIGN RESIDENCE: (longer duration – work related)
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