Dr. Frits Witkamp

• Successfully negotiated and arranged new Credit facilities. • Leading and executing $0.3bn FX hedging program. • Developed a EURO contingency plan for SITA.

Oriflame Cosmetics SA (Zwitserland), SE (Stockholm) listed, turnover of +1.3b EUR. • Negotiating 500mio EUR Debt Re Financing. US Private placement program. • Syndicate Loan agreement covenant monitoring & reporting. • Leading Group FX, Interest rate risk and cash management. • In depth knowledge of FASB & IAS hedge accounting. • Initiating, coordinating and implementing global Cross currency cross border notional cash pool structure. • Key contacts: CFO, VP & Directors Finance.

Momentive, formerly known as Hexion Specialty Chemicals ( turnover +5b US$): Setting up, integrating cash management- policies, procedures, processes and systems of newly acquired business in Germany, France and the Netherlands.

•Negotiating 600 million US$ syndicated loan facility. • Arranging and managing 275 million US$ Interest rate risk (Cap) hedges. •Supervision of a RFP and implementation process of Treasury Management System. • Implementing cross border cash pool structures in Europe and the USA. • Centralize, control and monitor the global LC/Bank guarantee issuance process. • Collaborated with Sales, A/R and A/P to improve working capital management.

Corporate Finance & Financial risk management