Mike Warner In 60 Seconds
Mike Warner is a strategic thinker with a proven ability to make decisive and informed decisions. He excels at setting and achieving financial and strategic goals through a strong commitment to accountability, effective governance, and a focus on continuous improvement. With extensive experience in financial planning, reporting, and operations management, Mike consistently drives meaningful enhancements that strengthen organisational performance and sustainability.
Specialist Skills
Cash flow Improvement
Reduced the company’s 60-day and over debtors from 13% of the total A/R to less than 7% which greatly improved cash flow.
Business Planning
Significant contribution to the transition of the Australian part of the business from seven company owned dealerships to an independent dealer network in Australia after an extensive period of negotiation and due diligence.
People Manager
I am very proud of the low turnover of finance staff in whatever team I have managed. I believe in ensuring that all staff have the opportunity to develop professionally through training and mentoring.
Budgeting & Forecasting
Implemented and championed a desk top audit of all company owned dealerships to effect more accurate business visibility for General Managers, resulting in positive changes within respective operations and elimination of excess resources
Financial Operations
Planned and implemented initiative to combine accounting roles for Wholesale and Retail divisions resulting in significant cost savings and improved efficiency, with an annual saving of $400K.
Track Record Highlights
- Developed and implemented accounting, reporting and computer systems, and developed the accounts, warehouse and customer service team to grow the company from $4M turnover and 9 employees to $17M turnover and 28 employees over 4 years with an accompanying increase in gross margin and operating profit.
- My strong and constant focus on gross margin and costs saw operating profit increase by 133% between 1995 and 1999. Revenue increased by 96% to $24M with expenses only increasing by 21% and headcount decreasing by 12% overall with a 55% decrease in the Finance and Administration staff
- Instrumental in turning the Australian company into a profitable business through strong financial management, during my tenure the company transitioned from making a loss, to being consistently profitable. I played a critical role in turning the New Zealand entity from a business which had never made a profit into a profitable business. 2005 was a record profit year for both the Australian and New Zealand companies
- Reduced company’s 60-day + debtors from 13% of the total A/R to less than 7% which greatly improved cash flow.
- Spearheaded, negotiated and implemented a dealer financing program for our independent dealers throughout Asia, successfully driving program to influence regional cultural reticence to rental. Resulted in A$24M additional sales of trucks and spare parts as the dealers realised the benefits of rental v sale
- Significant contribution to the transition of the Australian part of the business from seven company owned dealerships to an independent dealer network in Australia after an extensive period of negotiation and due diligence.
- Introduced accepted and disciplined accounting and reporting practices ensuring the integrity of financial accounts
Sector Experience
- Manufacturing-transport-logistics
- Retail-consumer-products
- Technology-media-telecoms
- Healthcare