Director / CEO / CFO for innovative companies
Since January 2011
Advising innovative fast growing/changing companies on key strategic, corporate finance and financial matters. Director of S.I.S.E. sa - Platform for Cell Therapy.
CEO & CFO
January 2006 --- January 2010
Chief Executive Officer (2008-2010) Chief Financial Officer (2006-2007) ACCOMPLISHMENTS AND RESULTS ACHIEVED • Moved two pre-clinical anti-cancer drug candidates to clinical Phase I, one in the US (IND-FDA) & one in Europe (IMPD-EMEA); • Closed strategic alliance for late preclinical compound worth $ 31M with US based pharmaceutical company; • Closed several financing rounds (raised € 8M - private placements and grants) for early-stage pipeline; • Realized severe cost reduction (Net Result + 45%) while optimizing allocation of resources and starting 2 clinical trials. Duties and responsibilities • Lead the transition from a university spin-off towards a professional biotech company with limited resources; • Made analysis & strategic plan for cancer drug development and discovery activities; defined & managed priorities in line with pharma industry, oncology experts’ and investors’ expectations (value creation); strictly coordinated & monitored progress in development (milestones); • Negotiated & coordinated all M&A and financing transactions, incl. due diligence work; • Implemented good corporate governance practices; • Reported transparent information to BOD and private & public stakeholders, and managed expectations.
Sarbanes-Oxley & Compliance Officer
January 2004 --- January 2006
. ACCOMPLISHMENTS AND RESULTS ACHIEVED • Improved Compliance of all subsidiaries worldwide with internal (ING Group) and external laws and regulations, including Sarbanes-Oxley, Operational & Information Risk Management, Financial Economic Crime, …
Head of Finance Division
January 2001 --- January 2003
. ACCOMPLISHMENTS AND RESULTS ACHIEVED • Designed and lead change process from local statutory accounting towards a professional finance department with pro-active & international management reporting per business segment and including a treasury department; • Re-defined business processes and streamlined policies & analytical structure according to international guidelines to prepare E&Y Belgium for E&Y International Global Profit Sharing; • Presented results to the local Executive Committee and to E&Y International.
Group Finance & Admin. Director
January 1997 --- January 2001
. ACCOMPLISHMENTS AND RESULTS ACHIEVED • Managed administrative & financial growth (revenues & personnel) of a start-up IT Company towards a global listed Group, through several critical stages : • All financing rounds since incorporation (raised > $ 135M); • Six acquisitions (both in the US & in Europe); • IPO of a global high tech software security Company on the EASDAQ stock exchange - carried out successfully in June 2000 despite crash of Tech markets. Preparation of information for the beauty contest to select the lead bank (ING, London); due diligence; prospectus writing, business plan & business strategy definition; new reporting & communication rules of a public company; Investor Relations; • Managed all administrative/legal/HRM activities; responsible for financial analyses, treasury, due diligence exercises related to M&A and financing transactions, business plans, valuations, group-wide management reporting system (USGAAP) and policies & procedures; • Managed integration work to align the acquired companies, to enable tracking & analyzing of KPI’s in the various business units and to make the Group benefit from synergies (to boost revenues and to cut costs).
January 1991 --- January 1996
• Prepared consolidated Group management information & detailed audit reports (profitability studies, audit of current account of managers/founders, analyses & re-negotiation of bank debts & related guarantees, forecasts, business plan) for the BOD, the Audit Committee and the Shareholders to enable the BOD to take appropriate business decisions; • Analyzed profitability of projects, subsidiary performance & acquisition targets and the effect on profitability of different scenarios to restructure the business; recommended & implemented cost saving measures & improvements (optimized fiscal structure, re-organized & reduced number of offices in Belgium, closed down the office in the US, …); analyzed the return on investments for projects; recommended which investments were preferably to be sold (MBO of construction company), which activities to be terminated (project development) & where to focus commercial activities; • Developed recommendations and implemented decisions taken to restructure the business; • (Re)-negotiated bank loans & credit facilities, designed & implemented cash pooling; • Developed and analyzed business plans for/from new investors/business partners; • Secretary to the BOD.
January 1986 --- January 1991
Conducted audits in various sectors (Energy suppliers, Airports, Food companies, Chemical companies, Insurance companies & Banks) and advised clients on financial statements and financial reporting.
Finance Department Assistant for 5 consecutive summers
January 1981 --- January 1985
Masters in Applied Economics from U.F.S.I.A. (University of Antwerp) in 1986