Cooking
GAVIN BLACK
Chief Financial Officer
Hong Kong S.A.R.
Summary
Experienced Board member and a results-driven CFO with forward-thinking approach centered on company success and growth.
Demonstrated record of success in building successful teams and turning around businesses.
A pragmatic professional with solid experience in leadership roles. Adept at developing and implementing strategic business plans, driving growth and improving operations.
Skilled in financial management and stakeholder relations. Collaborative and dedicated to building and leading talented and motivated individuals.
Extensive experience in Premium Wellness, Property and Retail industries and have worked in Asia and Europe delivering for Boards and Investors.
Overview
29
29
years of professional experience
6
6
years of post-secondary education
Work History
Vice Chairman & Group CFO
PURE
03.2024 - Current
- Developed strong relationships with key industry partners, fostering collaboration and mutual benefits.
- Provided guidance on risk management strategies, safeguarding company assets from potential threats.
- Refinancing of Primary Debt of $60m and securing additional Equity of $30m
- Transition to Offshoring of Admin and implementation of Technology for business simplification and cost reduction
Interim CEO & Group CFO
PURE Group
03.2022 - 02.2024
- Execute plans to recover Group performance to pre-Covid19 levels or better by end of 2023
- Grow member base through new member acquisition and enhanced focus on member retention
- Restructure to empower club teams and transform back-office functions in to efficient Centres of Excellence
- Focus on employee engagement through training and investment in systems that support them to look after members
- Cultivated forward-thinking, inclusive, and performance-oriented business culture to lead industry in innovation and push progress
- Growth plans built and delivered to support $1billion+ valuation by 2025
- Manage partnerships and strategic business relationships.
Group CFO
PURE Group
12.2018 - 02.2022
- Accountable for developing short term and Strategic Value Creation Plan
- Lead Finance, IT, Legal, Retail, Cafes teams
- Securing and managing $90m of debt financing to support business growth
- Secured equity investment of $50m during Covid
- Reduced cost base by 12% from 2019-2022
- Closed underperforming locations, renegotiated leases and delivered over $10m of landlord rental support
- Implementing Governance, Process and new Systems
- Negotiated Joint Venture for retail.
Finance Director
AS Watson Group, PARKnSHOP
04.2015 - 11.2018
- Lead strategic planning and supported leadership team in execution of plans
- Restructured store network by consolidating locations to offset impact from flat sales and rising costs
- Margin enhancement project initiated to identify leavers for improving profitability
- Used market intelligence and experience to identify opportunities to improve business processes
- Rebuilt team with focus on creating timely and insightful reporting
- Strengthened financial process to ensure a robust balance sheet and transparent Income & Expenditure statement.
CFO
Tesco Property China
03.2008 - 03.2015
- 20 Mall and Residential Developments across China with value in excess of$3bn
- Developed financial proposals to secure Tesco and Joint Venture financing
- Securing adequate on-shore and off-shore funding for projects
- Ensuring tax efficient structures were in place
- Board member for 100% owned malls and for our Property Joint Ventures
- Key member of team that secured JV with China Resources
- Led integration plans for Tesco's property businesses
- Led Finance, legal, IT and HR teams.
Finance & IT Director
Tesco Japan
07.2006 - 02.2008
- Tesco purchased 4 independent retailers with 120 stores / $200m revenue
- In conjunction with Operations, Property and Commercial Buying teams developed Tesco Express trial
- Involved in development of simplified supply chain initiatives
- Integrated Finance and IT teams from 4 businesses, implemented revised processes and systems.
Finance & IT Director
Tesco Taiwan
07.2003 - 06.2006
- Led Finance, IT, Corporate Administration, Supply Chain and Corporate Legal & Governance teams
- Implemented simplified store ordering / distribution centre ordering and receiving processes
- Reduced business losses from $(16)m to $(8)m
- Led Taiwan team during the sale and handover of business to Carrefour
- Directly involved in contract negotiation, preparation, due diligence, integration planning
- Maintained team and business stability prior to completion of deal.
Financial Controller - Czech & Slovak
Tesco Czech & Slovak
12.2000 - 06.2003
- Managed team of 170 people which was accountable for all Financial Administration, Balance Sheet Control and statutory accounting and tax for Czech and Slovak Republics
- Restructured Finance Administration Centre to ensure efficiently and value for money operations
- Revised business processes for supplier payment to improve first time invoice match rates to reduce processing costs
- Improved controls around supplier income management to reduce bad debts by 46%.
Head of Financial Administration
Tesco Hungary
07.1999 - 11.2000
- Led the implementation of Group Systems into Financial Administration Centre ahead of Year 2000
- Restructured the teams to ensure benefits were achieved in line with business case
- Implemented performance management and balanced scorecard reporting for the finance teams.
Head of Financial Planning & Analysis
Tesco Hungary
04.1998 - 06.1999
- Established business analysis team to deliver company wide budgets, forecasts and analysis
- Responsible for preparation and communication of all weekly and monthly management reports
- Development of financial models for new stores
- 5 year plan preparation.
Graduate Trainee
Tesco
09.1995 - 03.1998
- 9 Month Placement in Property Accounts – responsible for Rental Income budgeting and forecasting
- 9 Month placement in Marketing and Customer Service – responsible for weekly and monthly reporting
- 12 Month placement in Head Office Finance - supporting 100+ cost centre managers.
Education
Associate of C.I.M.A: Accounting And Finance -
Chartered Institute of Management Accountants
02.1996 - 05.1998
Master of Arts: Economics (Political Economy) - undefined
University of Glasgow
09.1991 - 05.1995
Skills
Strategic Planning & Executionundefined
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Interests
Reading
AI and the effect on the changing world
Fitness and Yoga
Actively train 4 times a week split between gym work and Yoga.
Maintaiing overall healthy condition helps me focus and remain alert as well as feeling good.
Timeline
Vice Chairman & Group CFO
PURE
03.2024 - Current
Interim CEO & Group CFO
PURE Group
03.2022 - 02.2024
Group CFO
PURE Group
12.2018 - 02.2022
Finance Director
AS Watson Group, PARKnSHOP
04.2015 - 11.2018
CFO
Tesco Property China
03.2008 - 03.2015
Finance & IT Director
Tesco Japan
07.2006 - 02.2008
Finance & IT Director
Tesco Taiwan
07.2003 - 06.2006
Financial Controller - Czech & Slovak
Tesco Czech & Slovak
12.2000 - 06.2003
Head of Financial Administration
Tesco Hungary
07.1999 - 11.2000
Head of Financial Planning & Analysis
Tesco Hungary
04.1998 - 06.1999
Associate of C.I.M.A: Accounting And Finance -
Chartered Institute of Management Accountants
02.1996 - 05.1998
Graduate Trainee
Tesco
09.1995 - 03.1998
Master of Arts: Economics (Political Economy) - undefined
University of Glasgow
09.1991 - 05.1995
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