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Christos Assimakopoulos, MBA, FCCA
Christos Assimakopoulos, MBA, FCCA

Senior Finance Executive and Business Partner │ CFO │ International Businesses and Complex Start-ups │ Change Leadership

Zürich Area, Switzerland

  • Focus: Contributions are valued by peers
  • Accountability: Thoroughly contributes in all areas
  • Sense of Urgency: Consistently responds in a timely fashion
  • Team: Frequently supports and responds to peers
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Awards earned:

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Rating: 5.00/5 stars (2 ratings)

Level: LEVEL 01

12 month points: 13 ptsView details

Lifetime points: 37 pts

skills
Emerging Markets
Investments
Mergers & Acquisitions
Corporate Finance
Due Diligence
PROFILE

Summary

Christos.P.Asimakopoulos@gmail.com

Growing efficiencies and stakeholder value in extremely challenging environments is my passion. Building the financial infrastructures that facilitate the entire business lifecycle to deliver outstanding business results is my specialty. A powerful and proactive influencer, I forge the strong internal and external partnerships that turnaround businesses facing change and stagnation to renewed profitability. Leveraging shared services and automation, I generate significant and sustained operating savings, while building environments of collaboration, ownership and empowerment who work in alignment to consistently meet and exceed corporate objectives.

BUSINESS CASE LIFECYCLE MANAGEMENT
Leveraging regional, business and corporate finance expertise to act as a business partner from go-to-market strategy to sales operations/customer care to risk management to selection of shareholding and tax structure, ultimately optimizing profit, cash flow and market investment. Facilitated decision making & executed change of business models implementing optimal supply chain in Edwards Lifesciences and Covidien.

DEEP M&A BACKGROUND
Managed M&A financial functions in enterprises with up to $2.9B in revenue. Led, in his area of responsibility, seven acquisitions, one integration one sale, and one spin off including operating Transitional Service and Manufacturing Agreements in Covidien and Medtronic.

EXCEPTIONAL INTERNATIONAL FINANCE AND ACCOUNTING COMPETENCIES
Developed abilities in complex multimillion dollar organizations including global/multicurrency Swiss principal and a financing/holding structure in Switzerland and Luxembourg that included in-house bank. Executed structural changes, freeing $9.5B cash and delivering $1.2B cash benefit for Medtronic.

Experience

Director of International Accounting │ Managing Director – Covidien AG

Medtronic

November 1999 - Present

STRATEGIC FINANCIAL AND ADMINISTRATIVE LEADERSHIP │ GO-TO-MARKET STRATEGIES

Led medical device company’s area spin-off and infrastructure build-up for newly spun off pharmaceutical division (Mallinkcrodt Pharmaceuticals). Played strategic leadership role in successful integration of the Swiss & Luxembourg structure into Medtronic following acquisition. Direct financial & administrative functions for group’s Swiss Principal & Intellectual property owner with multibillion-dollar turnover, as well as several Swiss, Danish, and Luxembourgish entities including in-house bank. Provide strategic leadership of finance and administrative activities related to go-to-market strategies. Lead team of 30 (including senior controllers) in maintaining fiduciary oversight of global supply chain, toll and contract manufacturing and centralized R&D, as well as FX risk.

DIVISION SPIN OFF AND START-UP
> Led successful spin-off of pharmaceutical division and the on-time creation of corporate entities in Switzerland and Luxembourg. Carved out financials and achieved seamless operation on day one.
> Implemented accounting process for in-house bank, contributing to treasury strategy that reduced bank fees by limiting volume of foreign exchange external hedging.
> Delivered on all the objectives first year in role, attaining a “beyond expectations” performance rating in first nine months.

ORGANIZATIONAL TURNAROUND
> Led through change highly professional organization. Built trust relationships with team, and stakeholders.
> Set up succession planning for critical positions. Promoted four employees within team over three years.
> Optimized Swiss corporate finance structure, saving $600K in annual operating expenses, by leveraging the Global Shared Services Centers and automation.
> Delivered $700K in savings across region via implementation of VAT Center Of Excellence .
> Facilitated double digit growth in Emerging Markets by setting up network of local branches.

ACTIVITY
  • Sep 2019 - Dec 2019

    Participated in a Map: "Corporate Strategy: Risk Taking for Market Makers"

  • Jan 2018 - Mar 2018

    Participated in a KnowledgeStream™: "Supply Chain Control Tower Capabilities in Life Sciences"

    control tower logistics management
    Pharmaceutical Industry
    Life Science Industry
    Transparency
    Life Sciences
    pharma distribution
  • 04 Feb 2018

    Answered a question on OpenForum: "Profit vs. Customer Satisfaction"

  • 04 Feb 2018

    Answered a question on OpenForum: "Measuring the intangible"

  • 31 Jan 2018

    Answered a question on OpenForum: "Internal controls pre-test"