Karine Artus-Operating Partner - Chief Restructuring Officer
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Experience
Operating Partner - Restructuring Contract
Dirigeants & Investisseurs
Operating Partner, MD of Edgio (Restructuring Contract)
Kroll inc
COO, Group Performance & Transformation Director
KPMG SA
- Leads the group strategic plan 2020-2024 (based on cash performance improvement)
- Management and transformation of support functions (Processes, RACI tools & KPI's)
- Identifies and leads areas for cash collection improvement (cash-in / cash-out)
- Defines and implements sales team and contract profitability monitoring.
- Leads cost reduction plans, 3 tech acquisitions and 2 carve-outs of unprofitable entities
- Defines and leads transformation and modernization plans for the 4 subsidiaries over a 3/5 year period (Digitalization, AI, offshoring/nearshoring, IaaS, PaaS, SaaS...)
TS M&A Director / CXO Level Transition Management
Strategy&
- End-to-end management of the deal (from origination to post-integration / transformation)
- Leads strategic audit and operational due diligence (organizational, social, restructuring)
- Manages value creation strategies, value creation plans and execution of plans
- Restructuring and turnaround of companies experiencing performance loss
- Optimization of business model, financial, organizational and operational efficiency
- Leads carve-out operations, JV's, PMI (Day 1, post-deal 100-day plans, integration plans)
- Held more than 10 COO/CEO positions as transition management CxO (12/18/36 months)
COO / Chief Transformation Officer (Comex member)
Logica/CGI
- Leads the group strategic plan 2010-2013: Post-Merger Integration of Unilog within Logica, then structures Logica to make a major acquisition in France)
- Leads the Practice "People, Change & Transformation", return to contract profitability and sales volume, then performs the same operation for the IT outsourcing practice.
- Leads optimization of costs & performance of unprofitable BUs or support functions
- Leads the acquisition of Logica Group by CGI Group (20.08.2012) – reverse takeover
- Leads the post-merger integration of LOGICA France within CGI; (interim CEO)
- Deploys CGI Group management methods at all levels of the organization.
Director in M&A / PMI / Operational Restructuring
KPMG TS
- End-to-end management of the deal (from origination to post-integration / transformation)
- Leads strategic audit and operational due diligence (organizational, social, restructuring)
- Manages value creation strategies, value creation plans and execution of plans
- Restructuring and turnaround of companies with declining performance
- Optimization of the business model, financial, organizational and operational efficiency
- Leads carve-out operations, JVs, PMI (Day 1, post-deal 100-day plans, integration plans)
- Held more than 10 COO/CEO positions as transition management CxO (12/18/36 months)
Senior Manager in Corporate Transformation
PwC/IBM EMEA
- Analysis of the factors behind PwC's failure to integrate IBM France
- PwC analysis of the failure factors in the integration of IBM France
- Built up the 6 companies acquired by IBM between 1998 and 2002 and kept as stand-alone entities since then, implemented a matrix structure, designed and deployed more service-oriented methods, policies and processes
- Leads People, Change and Transformation, then BPO HR Practices
- Definition of a governance structure dedicated to managing account profitability
- Implementation of a plan to reduce support service costs and set up shared service centers (HR, IT, Finance, etc.)
Business Strategies Consultant
AT Kearney
Chief Restructuring Officer
Araymond
- Integration and restructuring of 5 distressed plants purchased as stand-alone entities in the USA by an automotive supplier (5 plants, 450 FTEs, $110 million, value creation potential ranging from 15% to 45% depending on the production sites).
- Implementation of an integration plan for the 5 plants, centralization of support functions through a shared services center.
- Negotiations with works councils, unions, banks, shareholders, and suppliers
- Hands-on role with on-the-ground presence in the USA and direct engagement with operational teams (blue-collar / white-collar workers & COMEX)
- Built management and entity transformation plan:
- Creation of a common management base across the 5 plants and harmonization of processes and policies between sites.
- Clean-up of unprofitable or out-of-scope product ranges, identification of cash collection improvement areas,
- Plant specialization (long runs, short runs, plastic or metal ranges)
- Opening of a plant in a low-cost country, closure of a poorly positioned site, recovery of machine tools and presses
- Renegotiation of supplier contracts, overhaul of distribution footprint, optimization of inventory management
- Increased machine tool output, creation of new production lines, waste monitoring
- Creation of an R&D unit working in liaison with the European R&D unit.
Chief Restructuring Officer
Fedex/TNT
- Restarted the Post-Merger Integration project after a failed integration 18 months after acquisition.
- Redefined the Post-Merger Integration strategy
- Negotiations with works councils, unions, banks, shareholders, and suppliers
- Mapping of TNT & FedEx agencies across France, identification of duplicate agencies within the same assigned area.
- Selection of agencies to be retained and closure of non-selected sites.
- Management of site closures, employee representative bodies, and associated HR impacts.
- Realignment of TNT's contractual terms and conditions with the FedEx model.
- Implemented a framework for operational improvement, working capital optimization, and cash collection management (working on commercial cash out & cash in optimization)
- Plan to transform TNT warehouses to adopt FedEx's WMS and TMS systems
Transition Management Director (Corporate Transformation Plan)
L'Oréal
- Redefine the purchasing strategy to be in line with the Group's CSR policy.
- Launch of a responsible purchasing program involving suppliers worldwide. Social and environmental audits carried out on active suppliers. Termination of contracts with suppliers who do not comply with the standards of the Group's CSR policy.
- Redefining purchasing policies in line with the circular economy and respect for biodiversity.
- Conduct research into suppliers and innovative products that comply with the Group's CSR quality charter.
- Renegotiate raw materials purchases, favoring eco-responsible products that limit their impact on the ecosystem, in particular water and plastics (recycled packaging, made from bio-sourced ingredients).
- Redefine agreements with logistics providers, by optimizing truck loading, devising innovative routes and rethinking the value chain. Reduce wastage of resources at every stage of the value chain.
- Share the Purchasing/CSR strategy with all stakeholders: countries, major distribution channels, brands, finance, factories, digital, logistics, manufacturing, distribution centers, etc.
CEO/COO Transition Management Director
Walden Group
- Support for EHDH in its acquisition of Movianto EU and operational restructuring plan (2017-2019) for the company specializing in the transport of pharmaceutical products.
- Helped EHDH prepare for its acquisition of Movianto EU. Transition from a Franco-French family business to a European-scale group
- Structuring of group governance, creation of a structured COMEX and a corporate management process adapted to the new dimension of the Walden group (Movianto + EHDH).
- negotiations with works councils, unions, banks, shareholders, and suppliers
- Management of the post-merger integration process and realization of group synergies
- Lead and set-up framework for operational improvement, working capital optimization and cash collection management
- Harmonization of ERP, WMS, TMS, warehouse automation, redefinition of transport plans, optimization of tour plans..
- Identification and treatment of organizational weaknesses: breakage in warehouses, poor organization of warehousemen, loss of parcels, trucks loaded empty, lack of temperature control during rounds, lack of quality of services, lack of sales forecast plans, low customer satisfaction rate, Customers Services too slow in responding to customer complaints, high rate of complaints, poorly maintained in-house vehicle fleet leading to frequent breakdowns and delivery delays. Compliance with pharmacovigilance regulations judged by pharmaceutical laboratories and hospitals to be below standard, scope of UK business unprofitable and in need of restructuring (situation known before acquisition), loss of motivation among teams, absenteeism and high sick leave rate, dissatisfied IRPs. Excessive use of temporary staff, non-compliance with French laws on temporary work, permanent contracts and fixed-term contracts. Absence of a Human Resources Director, with insufficient FTE to carry out and structure the HR function.
Industry Experience
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Experienced in Professional Services, Information Technology, and Banking and Finance.
Business Area Experience
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Experienced in Strategy, Operations, Project Management, Finance, Information Technology, and Human Resources.
Summary
- Proven expertise in managing turnarounds and restructurings, with successful negotiations with works councils, unions, banks, shareholders, and suppliers. Significant improvement in performance, with supportive leadership ensuring sustainability. Strong operational experience in Corporate Transformation, M&A, post-merger integration (deals up to €500M), Business Development (cross-selling, up-selling strategies) and P&L management (from €50M to €500M to €2.4 bn)
- Definition of 3/5 year strategic plans, reorganization of entities and implementation of value creation plans (Costs/Revenues), definition of new business models integrating modernization, automation of production means, reindustrialization. (Automation, Robotization, Machine Learning, IoT, AI)
- Definition and implementation of CSR policies in various industrial and service sectors related to ethics and sustainable development.
- Implementation of performance and profitability improvement plans in all areas (Sales, Operations, Finance, IT, Human Resources)
- Management of teams up to 150 FTEs directly or remotely (multi-country), more than 2000 FTEs in indirect/transversal management in multicultural, multi-site and multi-sector contexts (Industries, BtoB Services, Retail...)
Skills
M&A, Pmi, Corporate Transformation, Restructuring, Turnaround
Performance Improvement
Social Engineering/Departure Plans (Pdv/Pse)
8 Hr Business Processes & Tools
Dismantling, Site Closure, Re-Industrialization
Sustainable Development / Csr
Erp, Wms, Tms, Crm, Sap, Salesforce, Workday, Taleo, Cornerstone, Lucca…
Bo, Power Bi, Analytical Tools
Microsoft Office Suite
Strategic, Organized And Visionary
Loyal And Able To Advise A Comex
Decision-Making Skills
Sense Of Action And Implementation
Ability To Unite A Team
Sense Of The Social / Hr Climate
Analytical, Pragmatic, Logical
Agile, Communicative, And Good At Negotiating
Ability To Manage In Times Of Crisis
Tenacious, With A Strong Sense Of Effort And Results
Languages
Education
HEC
EMBA · Business Administration
ISEG
Master 2 · Corporate Finance and Business Strategies · Lisboa, Portugal
Université Assas Paris II
License · Civil & Administrative Laws · Paris, France
Statistics
Experience
Global Experience
Expertise
Qualifications
Profile
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