(*) As a measure of confidentiality, the identity of the interim manager and the client are changed
1. BACKGROUND
The client is a joint venture created in the summer of 2020 by another entity. Their ambition is to produce batteries at the highest technological level while making electric mobility accessible to as many people as possible.
To bring this ambition to life, both for their R&D center and their test line in Nouvelle Aquitaine, but also for their gigafactories in the Hauts de France, Germany and Italy.
The customer operates in a highly technological environment: the battery industry for electric vehicles. The company must be agile, particularly in the areas of R&D, industrialization, mechanical design, testing/prototyping, etc.
Shareholders raised a total of €7 billion in investments.
Their objective is to establish a lasting presence throughout the world, by securing a global network of R&D associates, industrial partners and suppliers.
In the continuity of its growth, the company is tackling the North American market (USA and CANADA).
2. DISPOSITION
In a context of growth and strengthening, the Director of Operations is looking for a “Swiss Army knife” CFO to manage the North American market.
The interim manager presented by WAYDEN is a hybrid CFO, both corporate and operational. After 4 years of financial auditing, he was a financial controller and then a business developer in an automotive supplier.
He then supported a company, as administrative and financial director, scale-up in the supply of lithium batteries, a high value-added product, for which he managed the IPO.
3. MISSION
The Interim Manager, in this strategic position of the organization and the North America project, is responsible for:
– Build the business plan for the North American market
– Seek out investors across the Atlantic
– Study and postpone “local” subsidies
On a daily basis, his mission will be, among other things:
- Construction of the project’s operating account
- Analysis of the project’s financing needs: investments and working capital requirements (WCR)
- Construction of the annual cash flow plan (and monthly for the first year)
- Calculation of project profitability indicators
- Asset-liability balance of the project
- Analysis of the sensitivity of the profitability of the project
- Study of ways to improve profitability