Charles Ternacle

Tintas Robbialac SA – Lisbon, Portugal (part of Cromology Group) Sales € 40m, 280 employees, 1 plant, 1 warehouse and 60 stores in Portugal.

Tintas Robbialac SA – Lisbon, Portugal (part of Cromology Group) Sales € 40m, 280 employees, 1 plant, 1 warehouse and 60 stores in Portugal. Member of the company’s Executive Committee Head of finance department (Accounting, Treasury, Controlling, Credit Management – team of 10 people) and of IT department (5 people) Main achievements: - Management control: Development and implementation of management control tools and analyses to support the business. - Performance measurement: Definition and implementation of management and business KPI. Development of profitability studies by relevant business segment (channels, stores). - Reporting: Setup of internal and group reporting. Pilot entity for new group reporting project. - Cash management: Working Capital optimization through DSO reduction and stock optimization. - Assets management: Divestment of non core businesses, of properties and inventory of company´s fixed assets. - Financial structure: Restructuring of debt and recapitalization. - Tax: Management of tax assessments and other tax matters such as transfer price. - Internal Control: Identification of weaknesses, setup of action plans. Participation to internal audit within group companies. - Organization: Reorganization of the finance department to improve its efficiency and reliability and to increase its output. - Restructuring: Rightsizing of the company’s structure in a context of recession. - Development: Acquisitions and mergers in 2006 and 2007, quantitative and qualitative evaluation of development projects. - Strategy: part of most of the company’s strategic decisions regarding business, organization, commercial policy.

Responsible for several geographical areas (North America, Central Europe and South Africa) within the staff of Lafarge’s Aggregates and Concrete Division (Sales €5bn.): analysis and qualification of forecasts and results, review of investment projects, implementation of common language and of accounting standards.

Member of the Board of Directors and of the Executive Committee. Directly reporting to the country CEO, in charge of controlling, management and statutory reporting, responsible for the compliance and the implementation of Group policies, also in charge of strategic studies upon request of management (Sales €40m, 2 plants).

Head of controlling for the French company Lafarge Peintures SAS (Sales €80m, 3 plants) and also responsible for the management and statutory reporting of the whole Paints division (Sales €230m, 20 companies).

Responsible for the management and statutory reporting of Lafarge Paints division (Sales €230m, 20 companies).

Hired as controller in the former BauChemie Leipzig GmbH company (Sales €5m, 1 plant) after the takeover by Lafarge Group in 1993 and promoted as Finance Manager in early 1995.