Mario Nespoli

Responsibilities include:  Responsible for monthly report US GAAP and Swiss GAAP  Responsible for forecasting and budgeting, including consolidate European Revenue  Dealing with Banks Local and actively involved in Group Refinance (about 450.000$)  Actively involved in European Cash pooling implementation.  Dealing with Auditing Team in Switzerland and Italy.  Finance Leader in the European Quotation Team  Working very close to Business Team and Legal Department for customer contract

 Monthly report and Annual Account, US GAAP and as per Italian local law.  Reconciliation US GAAP result vs Local Statutory  Budgeting and forecasting of all the 2 Italian production sites.  Quarterly and Annual review with Headquarter Team and Shareholders  Strict collaboration with Business Team for forecasting and budgeting.  Support to Business Team in quotation activities  Implementation of KPI’s for each site, and with local GM to identify areas for improvement and cost saving

 Specific Turnaround plan, the company achieved break even in 1 year through a strong organization review.  Moving from 2 production plant (Italy and Malta) to one.  European Headquarter moved from Milan to Novara in the production plant.  Production moved from batch manufacturing to just in time, achieving 50% stock reduction.  Six Sales Companies around Europe became Operational Division of other Invensys Companies  Implementing Lean Manufacturing all the information flow has been reviewed

 Improve support to Sales Group in quotation process in order to define clear profitability by Product/Division.  Implement control on profitability of Process Automation Division.  Develop Credit Control department, we moved from 140 DSO to 90 mainly improving control on small medium size customers.  Implement Revenue Target by Product and sales Rep.  Managing Distribution and Agents contract  Responsible for Budgeting and Forecasting (P&L-BS and CF) UK GAAP  Preparation Annual Account

 Cash Planning and deal with local bank or Financial Institution  Credit Control Management applying Credit limit to each customer  Preparation of Annual Account Italian GAAP – UK GAAP and US GAAP  Deal with Internal group Auditors and External Auditors  Finance Leader in a deal to sell a Business Division  Tax Planning interfacing with Unilever tax department  Supervising activities in Management Account Department  Project Leader for SAP finance model implementation

 Management Accountant for a European Business Division – Monthly consolidation and profitability by Customer  Develop profitability by Market and product till EBITDA, presentation to the Management Team  Budgeting and forecasting P&L – BS and CF for the 3 Business Division  Prepare and present Quarterly review to US HQ  Finance Leader in several internal project evaluation  Member of Total Quality Team  Internal Trainer for Total Quality Progr.  Standard costing implementation

 Preparation monthly P&L US GAAP for 3 Business Divisions  Reconciliation from US GAAP to Unilever Trading Result  Reconciliation US GAAP Vs Italian Accounting book  Preparation of monthly accruals  Monthly Cash Flow  Budgeting and Forecasting for the 3 Business Division