David Cassidy
Valencia
Summary
A qualified chartered accountant (CIMA) with 19 years experience in FTSE 100 companies covering a range of project management and finance roles in Mergers Acquisitions and Divestment's. Proactive, adaptable and pragmatic approach to work with experience working in challenging environments with tight deadlines and contractual deliverables. Strong planner and communicator with forward looking perspective so that deliverables, risks and challenges can be anticipated. Experience managing teams and working in developing countries
Overview
12
12
years of professional experience
Work History
Programme Manager : Mergers & Acquisitions
GSK
01.2023 - Current
- Integration of Bellus Health and Sierra Oncology pharmaceutical assets and closure of acquired companies
- PM in integration management office overseeing planning, execution and governance
- Organised joint planning sessions, developed key integration assumptions and cutover approach, led planning meetings to align workstream plans and identify interdependencies, risks and mitigations
- Launched Day 1 checklist and operating model approach of 'as is' and 'to be' which underpinned workstream plans
- Governance and cadence – facilitated weekly workstream meetings, baselined plans, tracked milestone completion against plans and managed change control process
- Planning readiness reviews – walk through plans by workstreams covering main functions
- Tracked risks and issues to resolution.
Finance Director: Separation & Integration
Haleon
08.2018 - 12.2022
- Integration of Pfizer Consumer business into GSK and spin-off of Consumer business into new listed entity
- Financial planning and reporting
- Project governance and controls
- Project financial scope design
- Developed PowerBI reporting dashboard for workstreams
- Cost reduction initiatives, alternatives and scope options
- Senior stakeholder management including CFO & CDTO
- Strong forecasting process to highlight risks and opps in projects
- Resource planning and tracking
- Internal and external audit lead.
Programme Director, Mergers & Acquisitions
GSK
09.2017 - 07.2018
- Sale of generics Pharma business with manufacturing site
- Managed relationship with buyer deal lead (in Spanish) with focus on Tech and Finance
- Established and managed PMO team of external consultants
- IT systems & data migration for non-transferring systems
- Financial data including 80+ financial schedules
- Data Disposition including data migration, retention and redaction (structured and non-structured data).
Programme Director, Mergers & Acquisitions
GSK
07.2016 - 04.2017
- PMO for the sale of a factory in Nigeria for HR, Legal, Finance and IT work streams
- Responsible for transitional service agreement post sale for financial and management reporting
- Debt reduction team member focusing on obtaining foreign currency to pay suppliers in a market where FX in scarce
- Team member negotiating final franchise P&L and other outstanding issues
- Negotiated stock valuation as part of sale. Stock was at standard in system and needed to reflect the actual cost. The buyer was challenging many aspects of the valuation
- Overcame cultural and competency challenges of working in Nigeria
Finance Lead For Facilities Outsourcing Programme
GSK
07.2015 - 07.2016
- Created financial business case and managed financial delivery of programme
- Challenged supplier on performance, KPIs and negotiated costs using contractual clauses and allocation methods
- Procure to Pay (P2P) workshops to route cause why the suppliers were not being paid
- Managing internal stakeholder relationships with approximately 20 manufacturing sites.
Procurement Business Partner
GSK
10.2011 - 06.2015
- Supporting VP and leadership team with spend of over £1bn
- Budgeted and forecasting purchase price variance on raw materials
- Financial appraisals of 1st tier supplier base for risk management purposes
- Financial input into supplier contracts; discounts related to volume, working capital related to supplier stock ownership and impact of commodity prices
- Trade Payables PMO delivering £60m cash by changing payment terms with supplier base
- Managing stakeholder of many divisions and subdivisions and providing financial insight.
Education
Chartered Institue of Management Accountants -
CIMA
UK06.2005
Bachelor of Arts - Accounting And Finance
Nottingham Trent University
UK06.2003
Skills
- Project Management with focus on M&A
- Managing transitional service agreements (TSAs)
- Project planning and governance
- Operating Models
- Facilitation of planning workshops
- Project Accounting
- Financial Planning and reporting
Languages
Spanish; intermediate speaker
Upper intermediate (B2)
Timeline
Programme Manager : Mergers & Acquisitions
GSK
01.2023 - Current
Finance Director: Separation & Integration
Haleon
08.2018 - 12.2022
Programme Director, Mergers & Acquisitions
GSK
09.2017 - 07.2018
Programme Director, Mergers & Acquisitions
GSK
07.2016 - 04.2017
Finance Lead For Facilities Outsourcing Programme
GSK
07.2015 - 07.2016
Procurement Business Partner
GSK
10.2011 - 06.2015
Chartered Institue of Management Accountants -
CIMA
Bachelor of Arts - Accounting And Finance
Nottingham Trent University
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