WOLFGANG FARKAS

Spezialised in global restructuring and international business transformation projects on Board level. Speaks: English, French, German, Russian

– Integrated several international 500 - 710 m$ acquisitions, incl. site closures (France, Germany, Italy) and restructuring needs - overachieved financial targets by 30% while executing well ahead of deadline – In charge of due diligences

–In charge of Operations, Programs, R&D, Sales, Service and all Back office functions –Full P&L / Balance sheet responsibility – achieved 9 months after joining first profitable quarter since 2010 –Developed and executed commercial and government relations strategies - sales increased by 30% YOY –Established “Continuous improvement” organizations – resulted in 47% reduction in project execution time

• Increased profitability by identifying and leading cost down and productivity improvement initiatives – resulting in 36 m$ annual savings • Established standard work for NPI (new program introduction) and drove it‘s execution - resulting in 40% improved customer response times and 16 m$ cost reduction by 2016 • Increased savings for non-product purchases by 30% by creating and implementing new policies • Secured 26 m$ funding from EU governments and commission for long-term investments

• Responsible for the global integration of the 500 m$ “Microtecnica” acquisition (three sites in Italy & one in UK, 250 m$ sales, 700 employees) - Finalized due diligence within 30 days by mentoring and engaging the cross functional team members - Overachieved within 7 months the budgeted annual EBIT targets by more than 30% - Improved customer satisfaction rating and operational performance from 63% to 96% - Reduced overheads by 3% when streamlining the Divisional organisation

• Operating Income: Improved within 4 years from 54 m€ loss to 6% profit • Receivables: Reduced overdues by more than 30% while business grew • Audit Points: From 17 to 0 findings • Finance Headcount : Reduced by 35%, while on time deliveries improved from 26% to 96%

• Analysed, created and implemented a business strategy to develop further growth and achieved 8% profit • Merged business unit with another division and closed a French factory within budget and time frame

• Analysed situation, created and executed restructuring plan; achieved 10% operating profit in second year • Built a greenfield aftermarket and sales organization in USA • Led due diligence, acquisition negotiations and integration of two main competitors in USA