Martin Rumlich

Supply Chain Finance integration and transformation during the DSM and Firmenich merger, effectively facilitating change management processes:

Transformation Leadership: Led finance-related transformation initiatives within the Global Supply Chain, aligning processes with organizational goals for enhanced efficiency and performance.

Budgeting and Controlling: Ensured accuracy and timeliness in budgeting and financial controls, maintaining financial integrity across all operations.

Cross-Functional Collaboration: Partnered with Logistics and Warehousing departments to optimize financial strategies and operational efficiencies.

Cost Transparency: Provided clear visibility of logistics costs, improving financial transparency across the organization.

Process Excellence: Drove continuous improvements in supply chain finance processes to maintain state-of-the-art operations and support organizational objectives.

Financial Management: Managed the month-end process, financial reporting, budgeting, forecasting, and CAPEX for Global Operations.

Team Leadership: Established and managed a new Supply Chain Finance team at the Barcelona hub, successfully hiring and integrating 5 new employees while fostering a culture of excellence and continuous improvement. Directed and mentored an international team of 8 members, significantly enhancing their professional development and optimizing the employee experience with inspirational leadership. Oversaw daily operations, consistently achieving high performance and operational efficiency.

Integration Facilitator: Orchestrated the Supply Chain Finance integration of two legacy companies, ensuring seamless and efficient processes during the merger.

Supply Chain Management & Inventory Optimization:

• TRINSEO (U.S.: NYSE)

Leadership & Team Management

• Managed a product portfolio with ~3,500 SKUs; Trade Sales: $1.2B.
• Oversaw assets across 9 global production locations: 2 in North America (NA), 4 in Europe & Africa (EA), 3 in Asia Pacific & Australia (PA).
• Led a global team of 18 headcounts (HCs), including 3 direct reports.
• Served as a member of the Business Leadership Team.
• Maintained business continuity; effectively mitigated risks from global disruptions like COVID-19, Suez Canal blockage, and logistics capacity constraints.
• Oversaw SOX and compliance control responsibilities, ensuring adherence to regulatory guidelines.

Process Standardization & Operational Efficiency

• Implemented Sales and Operations Planning (SOP) and Sales and Execution (SOE); led monthly Global Management Business Review cycles.
• Executed Inventory Health initiative with a focus on demand-driven supply and SAP MRP.
• Pioneered EA terminal optimization, aligning Sales and Logistics for direct customer supply transition.

Financial & Strategic Impact

• Generated a $40M uplift in Operating Cash Flow via inventory optimization.
• Implemented Global Business Service Standards across the organization.

Mergers & Acquisitions and Systems Integration

• Integrated Arkema (PMMA) and API Mussolente into TRINSEO Engineered Material Supply Chain.
• Served as the Supply Chain lead for 1.5 years in the S/4 HANA implementation across all 7 PMMA sites; handled Change Management.
• Supply Chain Lead of Synthetic Rubber business divesture.

Technology & Data Management

• Implemented Demand Planning using Logility in PMMA for NA and initiated preparations for EA.
• Spearheaded cross-functional projects in collaboration with Commercial, Operations, Purchasing, Finance for initiatives like Asset Localization in China, Asset Optimization in Sheet NA, Toll Manufacturing contract renewals, and Production Scheduling tool implementation.
• Managed Supply Chain KPI reporting; ensured data integrity across 4 different reporting systems.

Purchasing and Supply Chain Controlling, Project Management:

• TRINSEO (U.S.: NYSE)

Leadership & Team Development

• Member of the Global Supply Chain and Purchasing Leadership Team.
• Successfully established the Supply Chain and Procurement Finance Team, standardizing Controlling processes, KPIs, and associated tools.
• Oversaw SOX and compliance control responsibilities, ensuring adherence to regulatory guidelines.

Financial Management & Procurement

• Managed $2.9 billion of procurement expenditure across 6,600 vendors.
• Conducted month-end closing in compliance with US-GAAP; performed result variance analysis & reporting.
• Spearheaded monthly forecasting processes and modelling.
• Led the annual budgeting process, focusing on Purchasing and Supply Chain excellence projects, including cost-saving vs. cost-avoidance evaluations and approvals.
• Led and participated in production site cost deep dives and benchmarks, providing actionable insights for cost optimization.

Supply Chain Operations

• Orchestrated supply chain operations with a total cost-to-serve expenditure of around $230M.
• Implemented inventory and cost-to-serve optimization models.
• Led the standardization of Supply Chain Reporting, defining key performance indicators (KPIs) across the value chain; developed Power BI dashboards for data-driven decision-making.

Inventory & Logistics Optimization

• Executed inventory diagnostics, categorization, and optimization of actionable SKUs.
• Developed and implemented a geographical freight lane visualization tool, resulting in cost savings through inefficiency avoidance.
• Conducted direct/indirect spend analysis for Raw Materials and Logistics costs, such as Freight-in/Outbound, 3PL Warehousing, and Packaging.

Contract & Price Management

• Analyzed and aligned Raw Material (RM) price formulas with customer price formulas, optimizing timing; aligned supplier incoterms where possible.
• Validated and approved purchasing contracts.

Corporate Finance & Project Management:

• TRINSEO (U.S.: NYSE)

Leadership & Team Management

• Global Finance Manager for Strategic Business Unit Performance Plastics (Automotive and Consumer Essential Markets), with ~$700MM in sales.
• Strategic Business Partner to Business Director; Member of the Business Management Team.
• Led a team of 2 Financial Analysts (direct reports).
• Trained new and existing staff members in various financial procedures to prepare for job requirements.
• Oversaw SOX and compliance control responsibilities, ensuring adherence to regulatory guidelines.

Financial Planning & Analysis

• Managed short- and long-term forecasting/planning (P&L, B/S, and C/F), aligning with strategic and operational plans.
• Conducted complex financial modeling and analyses.
• Handled financial closing under US GAAP, results analysis, mix variance analysis, and forecast updates.

Inventory & Operational Controlling

• Oversaw inventory evaluation (FIFO) and management of obsolete and slow-moving inventory.
• Controlled CapEx and OpEx processes.
• Production plant cost deep dive and benchmark analysis.
• Defined and implemented management transfer pricing

Strategic Planning & Contract Negotiations

• Supported annual sales contract negotiations and strategic planning, including customer profitability and mix analyses.
• Evaluated, approved, and reported on R&D and Stage Gate pipeline projects.

Working Capital & Asset Management

• Working Capital analysis and improvement
• Led due diligence and financial evaluations of asset acquisition and divestiture projects.

Project Leadership

• Spearheaded a $25MM brownfield CapEx investment (compounding plant) in the Netherlands, handling contract negotiations, engineering, finance, and supply chain.
• Conducted due diligence for a $20MM asset acquisition in Germany.
• Served as Finance workstream manager for a $30MM asset expansion in Zhangjiagang, China.
• Managed the divestiture of the Brazil business.
• Led the project for standardizing financial reporting across all regions and businesses.

Finance & Project Management:

• HOERBIGER: ~1bn EUR sales, 6800 employees

Team Leadership & Management

• Led a team of 2 junior controllers.
• Conducted continuous development training for local controller in Corporate Finance topics.

Financial Reporting & Analysis

• Managed financial closing under IFRS and executed monthly variance analysis for the Automotive division.
• Conducted DCF/ROCE performance reviews across all divisions.

Forecasting & Planning

• Spearheaded the introduction of a group-wide forecasting process.
• Led long-term and mid-range planning processes.
• Took charge of initiative planning, employing simulations for scenario assessment and planning risk aggregation.
• Performed financial assessments of various business plans, including new products, growth projects, and customer service initiatives.

Project Management & Strategic Initiatives

• Globally managed a planning software project with a scope covering 70 legal entities, including sales, cost, P&L, B/S, and C/F planning.
• Redefined the HOERBIGER reporting landscape.
• Developed a corporate benchmark database for financial KPIs based on defined peer group companies.

Controlling process implementation and Turnaround Management:

Leadership & Team Management

• Led a team of 5 direct reports

Financial Controlling & Reporting

• Redesigned and implemented cost center and cost object structures for enhanced financial controlling.
• Conducted month-end and year-end closing processes in accordance with IFRS.
• Managed monthly results reporting and variance analysis.

Project & Turnaround Management

• Spearheaded Turnaround Management initiatives.
• ERP system implementation.
• Member of the IPO team preparing the parent company's public listing on the LSE.

Process Optimization

• Streamlined processes in Purchasing, Invoicing, and Warehouse and Logistics.

Production & Revenue Management

• Oversaw production planning activities.
• Managed aircraft revenue recognition and project controlling.

Liquidity & Cash Management

• Conducted weekly cash flow forecasting and bank reconciliation.
• Managed currency transactions, as well as creditor and debtor management.

• Financial consulting of distressed VR-bank customer accounts.
• Turnaround Management

• Strategic Management & Financial Management
• Financial Valuation
• Treasury & Funding with loans and securities
• Restructuring and Recovery Management
• Mergers & Acquisitions
• Leadership

• Engineering Fundamentals
• Business & Economics
• Operations & Supply Chain
• Data & Analytics
• Information Technology
• Legal & Ethics
• Interdisciplinary & Special Topics
• Soft Skills