Hao Wang

Member of the Finance Leadership Team / Responsible for ensuring group-wide liquidity, strengthening financial risk management, and optimising treasury and insurance processes and systems

Reshape the Group Treasury function in a very fast-paced, entrepreneurial business environment Defined and implemented the Group funding strategy; launched a cash forecasting initiative with improved accuracy; established a comprehensive FX risk management framework; introduced working capital programs. Designed and maintained Group transfer pricing policy and documentation; supported subsidiaries during tax audits; supervised intercompany agreements (goods, services, royalties).

Build global Treasury team for Holcim Trading and Shipping (USD 2bn turnover) after the merge of Lafarge and Holcim, Implemented Commodity and Forex hedging strategy, Streamlined Trade Finance process, Set up rolling cash forecast process with the migration of ERP system, Developed supply chain financing programs / receivables programs, Manage funding / credit lines / bank accounts / relationship / payment process, Improved insurance coverage to support new business and new geographic coverage.

Responsible for budget, actual, hedging results of global commodity purchase of around USD 6bn. Coordinating, managing and submitting financial information for Commodity Updates including Annual Contract, Strat Plan and to report financial information / KPI to Global HQ. Orchestrating and managing with support of the team the different forecasting methods and rhythms of the Business Units with Commodity price information. Supporting risk managers in all financial aspects of their business.

Responsible for treasury of EU region (USD 10 bn turnover, +100 legal entities). Improved Forex Risk Management. Led liquidity & Capital Projects for Europe as Cash Repatriation and integration projects. Supported implementation of working capital Programs. Implemented Treasury transformation for Europe: Bank Rationalization (one-bank), guarantee portfolio rationalization, relocation of treasury functions to shared services center. Supported Insurance and Risk Management for Manufacturing.

Monitor and co-ordinate costs, savings and cash flow impacts related to restructuring projects (i.e. Cadbury and Biscuits integration): • Establish tracking tool to capture costs and synergies, working closely with different functions and HR controlling team • Review regularly the accruals for restructuring costs • Provide regular forecast updates – budget / strategic plans • Support project management team in preparing presentations, communication with the countries and consolidation of country input.

Succeeded in the Group 7-year Internal Audit program with worldwide audit assignments in retail, investment banking and credit insurance Promoted to Group Internal Audit Manager and headed team of 4 auditors on several international assignments from preparation, audit to reporting to the Group’s Chairman. Audited different banking functions, business development, risk management, Compliance, Internal Control System, profitability, HR Management. Designed and implemented Group new audit information tools.