JOSEPH EDE

• Saved $1.3 million in shipping cost between the East Coast of Africa and Kolwezi (DRC)
• Developed the business in Western DRC from $1.2 annual sales to $12 million annual sales.
• Audited all shipping companies to ensure that safety and security standards from South Africa and respected.
• Repositioned $10 million worth of assets to support business growth and maximise the use of the companies assets.
• Decentralized cycle count function, to reduce month end losses, saving $3 million.
• Spearheaded sot cutting exercise which reduced fixed costs by $1.5 million.

• With annual sales of $80 million,
• Supported the growth of both Guinea and Mali business.
• Removed the Regional FD and trained his replacement
• Assisted the Managing Director in re-establishing business controls and practices
• Generated financial and operational reports to assist management with business strategy
• Supported implementation and usage of SAP EEC software.
• Monitored budget and expense trends, compiling reports for company leadership to inform decision-making, cost cutting and profit optimization.

• Repaid old intercompany debt and paid first ever dividend of $10 million
• Improved Pricing computations, Product Costing, Cost Controls & Awareness, Proposed and implemented $1m in cost cuts.
• Developed presentations for the Finance Ministry aimed at reducing customs duties and outlining the financial contribution of the company to the economy of the DRC.
• Improved Inventory Management controls and reduced inventory losses by $1 million
• Recovered $1.5m worth of old receivables thought to be irrecoverable.

Dispatched to emerging markets in Africa for Change Management, Restructuring, Turnaround, Start-ups and Private Equity Exits. Demonstrated versatility and expertise in rapidly acclimating to diverse challenging environments to operate as a strategic business partner to senior management, advising CEO’s and Boards. Developed strategies by cutting and controlling costs, improving profitability and EBITDA. Invigorating businesses and inspiring teams, thru visionary leadership & business acumen. Managed and implemented ERP systems, performed audits, improved fiscal policies and accounting in accordance to IFRS, GAAP and OHADA. Top Achievements / Accomplishments (respective for each of the above assignments):

Assignments:

1. Austria, Change Management, Project Manager for a carve-out purchase from a Brazilian company for a US$ 40 billion US Food Company.

2. Guinea, Audit, Interim Financial Controller for Alufer Mining, Turnover US$ 150 million

3. Madagascar, Restructuring, Food Manufacturing & Distribution, Turnover US$ 27M, 5 locations.

4. Ivory Coast, Turnaround, Agri-business, Rubber Manufacturing and Distribution, Turnover US$ 50M across 4 locations.

5. Niger & Burkina Faso, Start-up, Telecommunications (Private Equity), Turnover US$ 70M.

6. Nigeria, Private Equity EXIT, Manufacturing & Distribution Fast Moving Consumer Goods, Turnover US$ 80M – 3 locations.

7. Burkina Faso, Start-up, Mining and Manufacturing, Turnover US$ 100M.

8. Democratic Republic of Congo, Start-up, Food Manufacturing (Start-up), Turnover US$ 65M.

1. Developed 2020 Budget for newly acquired European & Asian business(10 locations), worked with management to set up the 2020 Business plan and Budget for Europe and Asia.

2. Finalized 2019 Audit. Prepared and submitted 2019 Tax Declaration in accordance with OHADA, in time to avoid a major fine.

3. Increased sales by +30% annually (US$ 6M) and cash-flow by US$ 5M, thru Restructuring, Change Management, Process Reengineering and Team Management.

4. Turnaround Strategy returning the company to profitability after 3 years of losses. Financed a US$ 40M expansion project. Led to ISO 9001 certification, thru Strategic Analysis.

5. CFO for Burkina Faso and General Manager for Niger. Set-up operations from scratch in Burkina Faso and Niger. Financed US$ 200M, Developed financial reporting and financial statements.

6. Managed the sale of the company to a new investor for US$ 42M (6X purchase price). Raised US$ 38M for a Management Buy-out. Resolved taxation, insurance, process and ERP issues.

7. Negotiated US$ 20M in savings with the Mining Ministry on an Investment totaling US$ 183M.

8. Delivered a US$ 65M manufacturing project on time and budget, arranged financing & implemented a new ERP System.