Chandan Arora
ASSIGNMENTS
Director Finance/CFO
Kontoor Brands (VF Corporation)
2015 ~ 2022 (7 Years)
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Directed decisions encompassing controllership, commercial, SSC operations, FP&A, Reporting, Taxation, Treasury, and Secretarial function for Indian & South Asia Operations.
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Served as Director on the Indian Board. Member of the Senior Management Council, Compliance & Risk Management. Led & executed organization strategy in the absence of full-time Indian CEO in 2016 for ten months.
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Partnered with brands (Vans, Lee & Wrangler) for Strategic Financial guidance on channel growth, and customer consolidation to mitigate risk on margins, Inventory, and receivables.
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Dexterously opened 150+ new doors of Shop-in-Shop and Stand-alone-Stores from 2015 to 2019. Established Bank Credit lines of US$ 25M.
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Completed successful spin-off from VF Corporation in India, allowing IPO & listing in NYSE. Distributed US$ 15M cash to shareholders.
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Spearheaded the Commercial & Financial activities on business strategies by ensuring profit maximization, Working Capital efficiencies, and brand equity.
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Oversaw Outsourced Shared Service Center, ensuring timely & accurate delivery of services.
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Provided leadership in developing short & long-term strategic plans and business finance insights spanning Supply Chain, Sourcing, Sales, and HR.
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Successfully implemented SOPs on marketing spends, Gift Vouchers, and discretionary discounts & returns for E-commerce, franchisee, department stores, and distributors.
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Enhanced Controls, Cross-Functional disciple, and overall Visibility by Implementing Compliance & Commercial dashboards, approval matrix, SAP, Concur, and Coupa.
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Protected the company from business, operational, Fraud, and financial risk as Compliance head. 100% SOX Compliance and controls over six years rated by EY & PwC.
Chief Financial Officer
Shalimar Paints
2014 ~ 2015 (1 Year)​
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Effectively reported results to promoters, board of directors, stock exchange & investors. Provided leadership in financial objectives and Investor relations to turn around and bring controls and processes for 100 years old operations. Managed consortium of US$ 40M with Banks. Managed Investor relations for raising US$ 15M Equity. Exhibited qualities in handling 130 staff to drive turnaround and bringing controls & business processes.
Director Finance/CFO
Diebold Nixdorf
2011 ~ 2014 (3 Years)
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Spearheaded team of Controllership, Taxation, Treasury, FP&A, and Secretarial functions for Indian & South Asia Operations.
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Director on Board. Headed Compliance and protected the company from financial risk.
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Business Partnership of US$ 120M with Segments Heads. Raised US$ 30M through Strategic mix of Capital Injection and Debt.
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Improved Working Capital by 74 days (US$ 20M). Introduced monthly AR results.
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Led Mergers of Manufacturing, R&D, and Sales entities, resulting in operational efficiencies and synergies.
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Reduced Imported raw materials from 70% to 30% over a period of 3 years.
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Provided leadership in developing and evaluating Short & Long-term Financial plans.
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Implemented Oracle and enhanced controls, business & operational processes.
Controller; Director Group Finance
Praxair Inc - Linde Company
2004 ~ 2011 (7 Years)
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Held various Finance Key leadership positions in Asia Pacific, Middle East & India, regions.
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Acted as Strategic Business Partner to C-Suite, advising on key potential decisions. Handled US$1 Billion business.
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Business partnership of US$ 250M in APAC by evaluating financial models for emerging markets. Represents a US$ 450M Capital portfolio.
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Raised US$ 100M for capital projects and working capital in China.
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Turned around JV to profitable (US$ 5M loss to $15M profit) with Global Board Reporting.
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Obtained Enterprise tax rebate of 50% - US$ 5M, and Direct Tax credits of US$ 2M in China.
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Led M&A, process migration, and, system integration. Established Strong Regional presence in Middle East and invested US$ 250M through Equity Injection.
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Monitored financial health, Compliance & investment for emerging & existing geographies.
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Developed Long-term strategy & next-year plan for the region, focusing on improving financial metrics.
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Assisted in setting up Shared Service Centre for APAC (India, China, Thailand & Korea)
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Productivity champion (Six Sigma) for cost reduction in distribution (4% GM Savings)
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Streamlined Reporting structure across APAC. Introduced credit and collection policies.
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Demonstrated success in working within cross-functional environments and with individuals from diverse backgrounds & geographies.
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Implemented JD Edwards, Finance & Sales Datawarehouse to support business growth.
Manager, Business Planning
Nortel Networks
1999 ~ 2004 (5 Years)
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Joined as Financial Analyst, promoted to Sr. Advisor and then to Manager. Effectively developed Strategic & Financial Planning and provided significant variances analaysis with commentary & recommendations to management. Oversaw Accounting, Reporting, and Software Development related Statutory Compliances.