Development and manufacture of yarns for the automotive sector

Development and manufacture of yarns for the automotive sector

Situation faced:

TAIGA was introduced to a profitable business but one that enjoyed a dysfunctional relationship between the senior management team and overseas corporate that owned the Company.

Outcome achieved:

As a priority TAIGA strengthened the Board and worked to rebuild the relationship between stakeholders. To drive improved operational and financial performance TAIGA also undertook a review of the cost base and led the relocation and restructuring of certain support operations (partially to continental Europe and partially within the UK). As Chairman Jeff Holder also led UK refinancing before then moving into an ongoing non-exec Chairman role.

Duration: 3 years +

End: Ongoing

Marketing and services distribution of cars (Ford, BMW, trucks (DAF, Volvo) and agricultural equipment( John Deere and Ford New Holland) as well as mining equipment (DEMAG machines)

Marketing and services distribution of cars (Ford, BMW, trucks (DAF, Volvo) and agricultural equipment( John Deere and Ford New Holland) as well as mining equipment (DEMAG machines)

Situation Faced:

A requirement arose for a CFO based in Latin America, providing oversight and control over the operations for the UK HQ Group. Centred in Santiago, Chile, substantial operations existed in Chile, Peru, Ecuador, Colombia and Argentina.

Outcomes achieved:

Implemented new and improved controls over monthly reporting and financial forecasting. Developed refinancing for four affiliates obtaining £30million in new capital and £75 million in trade financeto fund operations. Identified and evaluated major strategic acquisitions (BMW in Chile, Ford in Peru and Fiat in Argentina- agrrenfield operation start up) and obtained UK Board approval via Capital Committees.  

Duration: 5 years

End: December 1996