Restoring profitability in a digital business
CFO responsibility for a Siemens digital business, covering P&L, commercial finance, working capital, close governance and audit readiness.
- Leadership mandate
- Restore profitability within 12 months while strengthening the finance discipline behind commercial and operating decisions.
- Challenge
- EBIT margin was -4%. The response had to address pricing, cost drivers, operating discipline and finance capability together rather than rely on a single cost action.
- What I changed
- Separated the underlying performance drivers so pricing, cost and execution issues could be acted on individually.
- Partnered business leadership on strategic repricing and the cost levers that would change the economics of the portfolio.
- Strengthened the operating cadence and finance capability so actions were owned, tracked and sustained.
- Operating change
- Finance moved from reporting the margin problem to shaping the commercial and operating response with the business.
- Outcome
- EBIT margin improved by 36 percentage points, from -4% to +32%, within 12 months.
- What this demonstrates
- Evidence of full P&L ownership, commercial challenge and transformation delivery under a clear performance deadline.