Alessandro Patruno
IBM Spain Country CFO
Madrid
Summary
Proven track of records in achieving business results for several consecutive years; extensive experience gained by covering different roles in finance and accounting in various brands both at country or international level; deep understanding of E2E processes acquired in Internal Audit; ability to lead multifunctional teams and coordinate complex projects like M&A, company spinoffs, system implementations or centralizations of functions from country to international center; networking capabilities to connect with people at all levels; team leader and role model; resilient
Overview
26
26
years of professional experience
Work History
Spain Country CFO
IBM Spain
11.2021 - Current
- Managed finance operations of 7 legal entities, o/w 4 directly, for a total >900 M$ revenue and >60 M$ PTI per year
- Coordinated demerge of outsourcing operations of IBM to Kyndryl, implantation of SAP for whole region, integration of IBM Financing business into IBM Spain mainline entity
- Implemented ESG reporting for the IBM Group in Spain in 2021
- Collaborated cross-functionally with other departments to drive process improvements that positively impacted bottom-line results.
Regional Controller and Deputy of Regional CFO of IBM Captive Financing Entity
IBM Global Financing España
01.2017 - 11.2021
- Supported separation of IBM financing business into standalone captive financing company with asset volume 200 M€
- Acted as local CFO in preparation of Financial Statements, both US Gaap and local Gaap
- Coordinated multiple teams and led complex negotiations and disputes to achieved targets of collection and DSO
- Enhanced anti-money laundering compliance by introducing new processes and achieving satisfactory external audit results every year
- Collaborated with external auditors, ensuring timely completion of annual audits with minimal findings.
- Managed liquidation of Portuguese subsidiary
Regional Services Brand CFO for Spain, Portugal, Greece, and Israel
03.2015 - 01.2017
- Developed and maintained effective controls over budgeting, forecasting, and actuals for IBM maintenance business for 4 countries totaling >150 M$ revenue per year
- Supported main stakeholders in effective decision making, in particular regional brand GM, regional services CFO and EMEA maintenance brand CFO focusing on revenue growth, PTI improvement actions and handling of complex deals
Company CFO
IBM Global Services ROS S.A. (IBM Subsidiary)
03.2014 - 01.2017
- Responsible for all finance operations including projections, budgeting, accounting operations, and financial statement preparation, accounts receivable, procurement ops
- And payroll for approx 400 employees
- Assisted company GM in key decision making achieving 7pts PTI improvement in one year
- Implemented severe controls to ensure compliance with IBM policies after two consecutive unsatisfactory audits
- Spearheaded implementation of new financial reporting system, resulting in more accurate and timely data for decision-making purposes.
- Negotiated favorable terms with vendors and suppliers, achieving significant savings on procurement expenses.
- Optimized working capital levels by closely monitoring accounts receivable/payable balances and taking appropriate actions as needed.
- Mentored finance team members, fostering culture of professional growth and skill development.
Regional Business Controls Manager for Spain, Portugal, Greece, and Israel
IBM
10.2012 - 03.2014
- Ensured sound control posture for all countries with 100% satisfactory internal audits
- Managed cross-country team of 14 professionals in 6 countries
- Established robust risk mitigation strategies to safeguard against potential operational challenges or disruptions.
Education
Bachelor in Business Administration -
Universitá Luigi Bocconi
Milan, Italy11.1997
High school diploma -
Liceo Scientifico Gugliemo Marconi
Milan, Italy06.1991
Personal Information
- Place of Birth: Milan, Italy
- Date of Birth: 11/19/72
- Marital Status: Married
- Number of Children: 1 daughter (15 yo)
Previous Experience
- 08/2009, 10/2012, Corporate Auditor, IBM Corporate
- 10/2008, 09/2009, SW Brand Finance Coordinator, IBM Sowthwest Europe
- 09/2005, 09/2008, Forecast Coordinator, IBM Sowthwest Europe
- 03/2003, 09/2005, Regional Accounting Manager, IBM Italy
- 01/2002, 04/2003, Brand CFO for two HW divisions Divisions, IBM Italy
- 11/1998, 12/2001, Accounting revenue coordinator, IBM Italy
Volunteer Experience
President of Bocconi Alumni Community of Madrid since 2020 and Treasurer of the association since 2015: non profit organization of Alumni aimed at fostering networking among alumni, Spanish institutions and society, communities of expats or other universities' alumni, and maintaining a strong bond with the Alma Mater in Italy, through events, courses, and funding of scholarships.
Hobbies and Interests
- Love to spend time with my family going to the theatre
- Cooking
- Skiing at the Alps or the Pireneis
- Teaching tennis to mi daughter
- Travelling across Europe
- Making my own DJ mixes and sharing them with my friend or play at friends’ parties
Languages
Italian
Bilingual or Proficient (C2)
Spanish
Bilingual or Proficient (C2)
English
Advanced (C1)
French
Elementary (A2)
Timeline
Spain Country CFO
IBM Spain
11.2021 - Current
Regional Controller and Deputy of Regional CFO of IBM Captive Financing Entity
IBM Global Financing España
01.2017 - 11.2021
Regional Services Brand CFO for Spain, Portugal, Greece, and Israel
03.2015 - 01.2017
Company CFO
IBM Global Services ROS S.A. (IBM Subsidiary)
03.2014 - 01.2017
Regional Business Controls Manager for Spain, Portugal, Greece, and Israel
IBM
10.2012 - 03.2014
Bachelor in Business Administration -
Universitá Luigi Bocconi
High school diploma -
Liceo Scientifico Gugliemo Marconi
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