Suggestions
Thomas Herrmann
Chief Financial Officer
Professional Background
Thomas Herrmann is a distinguished Senior Finance Executive whose career spans more than two decades, showcasing a robust international track record and extensive expertise in Finance and Controlling. His professional journey encompasses a blend of experiences in globally renowned corporations, including Evonik and Danaher, as well as agile medium-sized champions like KaVo and ZwickRoell. Through these roles, he has developed a multifaceted skill set that integrates finance with additional responsibilities in IT, Operations, Legal, and Auditing, serving as a forward-thinking business partner to CEOs and executive teams alike.
Throughout his career, Thomas has gained invaluable insights from family-run enterprises, publicly listed companies, private equity ventures, and evergreen investors. His diverse industry experience covers sectors such as chemistry, performance materials, medical technology, mechanical engineering, high technology, and technical services, making him a versatile leader well-equipped to navigate the complexities of various markets.
Education and Achievements
Thomas Herrmann's academic foundation is as impressive as his professional accomplishments. He pursued his education in Business Administration and General Management at the prestigious University of Illinois at Urbana-Champaign, where he honed his analytical and management skills. Additionally, he earned his Diplom Kaufmann (Master's degree) from Universität Dortmund, further solidifying his expertise in finance and business management. This strong educational background laid the groundwork for his successful career, providing him with the theoretical knowledge and practical skills necessary to excel in the finance industry.
Over the years, Thomas has accumulated an impressive list of achievements that highlight his capabilities as a financial leader. He co-developed and actively implemented a global corporate strategy that positioned the Finance and Controlling department as a vital business partner to the CEO, effectively transforming the role into one of strategic significance. He played a pivotal role in the strategic realignment of core business functions, driving substantial growth in both emerging markets like China, Latin America, Southeast Asia, and the Middle East, as well as established markets including Europe and the USA.
One of Thomas's notable contributions includes restructuring and designing an innovative Finance and IT process framework that significantly enhanced efficiency, effectiveness, and transparency across the organization. His efforts in developing a financial controlling strategy, complete with tools and KPI balanced scorecards, have created a more transparent earnings environment, providing a reliable foundation for crucial business decisions.
Thomas is also highly regarded for his work in M&A processes, where he established comprehensive frameworks for valuation, due diligence, acquisition, and post-merger integration, contributing to the successful execution of significant transactions. His commitment to standardizing accounting and reporting processes across various units and subsidiaries led to the establishment of a shared service center, further improving organizational efficiency. Through the international consolidation of accounting and order acceptance—and by embracing automation through technologies such as EDI, I-Buy, and SAP Workflow—Thomas facilitated remarkable operational advancements.
Achievements
- Developed and implemented financial controlling strategies that leverage KPI systems and business intelligence (BI) tools, enhancing earnings clarity.
- Drove the international consolidation of accounting operations while fostering efficient automatic transactional processes.
- Championed digital transformation initiatives, including the introduction of boot camps based on Google Sprint Methodology and the establishment of an in-house incubator focused on disruptive technologies and business processes.
