Hovo Tepoyan
Sr Director, Head of Regional Treasury and Global Real Estate @Avery Dennison
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WORK HISTORY
Sr Director, Head of Regional Treasury and Global Real Estate @Avery Dennison
Oversee ~$3B debt portfolio comprising of short term (CP & bank debt) and long term debt maturities (including EUR bond). Responsible for all new debt issuances (latest Mar ‘23 $400m 10y bond) and acquisition funding (Aug ‘21 ~$1.5B short, long & bridge financing).Oversee bank revolver line of credit - most recently (Jan ‘23) renewed/extended 11 bank revolver, increasing commitment from $800m to $1.2B, successfully inviting two new banks, re-negotiated pricing, covenants and termsResponsible for banking relationship managementShare buy back - responsible for strategy development, presentation, and execution of ~$250m/annual program. Created and successfully implemented SBB dashboard, showing various intrinsic value views, resulting in disciplined execution gridCapital allocation - key member of the CFO team advising on capital allocation strategy (dividend rate, SBB, M&A, restructure). Responsible for ratings agency (rated by Moody’s and S&P) relationship management and credit reviews. Lead annual credit review process which includes presenting scenario analysis with each agency. Acquisition funding strategy review with each agency.Responsible for maximizing cash repatriation and cash pooling across the globe.Cash flow forecasting, quarter end actions to maximize working capital efficiency. FX risk mitigation and hedge strategy developmentResponsible for interest rate risk management, including strategic analysis on cross currency swaps. Successfully executed a syndicated $250m CC EUR/USD swap as part of acquisition debt funding.Member of the corporate retirement pension committee, responsible for funding, liability management, and investment strategyTreasury lead on ~$1B US defined benefit pension plan termination and asset transfer to an insurance carrier (in 2018)Actively partnering with local finance teams to manage all Treasury/finance related issuesOversee global real estate team responsible for a portfolio of 200+ global leased and owned prop.
EDUCATION
USC Marshall School of Business
Level 3 CFA Review Course, Passed Level 2, Finance and Investments
Chapman University
Non Degree, CTP Course
Woodbury University
Master, Business Administration; Finance
UCLA Extension
Continuing Education, Finance, Money, Banking, Accounting
ABOUT HOVO TEPOYAN
With over 15 years of experience in global treasury strategy and operations, I am a seasoned professional with solid and progressive experience in all facets of treasury management. Currently leading the Americas Regional Treasury and Global Real Estate teams at Avery Dennison, a Fortune 500 company with ~$9B in revenue. Consistently transitioned to greater responsibility roles due to performance excellence, leadership skills, and ability to get things done. I have a strong orientation to quality, accuracy, and timeliness. Constantly maintain the \"big picture\" perspective relative to long-term objectives of the department. At the same time, entrepreneurial and detail-oriented; willing to roll up my sleeves and am hands-on whenever necessary. Have an analytical mind sufficient to assess department performance and opportunities, as well as to evaluate problems and develop solutions. Polished and dynamic team player who is not uncomfortable or shy in dealing directly with challenging issues. Clear communicator, professional and ethical, demonstrating personal integrity, loyalty, tact, sound judgment, openness, and diligence. Strong background and skill set in debt management, capital allocation strategy which includes share buyback and dividend distribution policies, banking relationship management, working capital optimization initiatives, cash management and banking structures, foreign exchange and interest rate risk mitigation, and various other strategic treasury related initiatives. My mission is to provide effective and efficient treasury solutions that support the growth and profitability, while also ensuring adequate liquidity, optimal capital structure, and prudent risk management. I am passionate about delivering value to the shareholders, enhancing the banking relationships, and leading a high-performing and collaborative global treasury team.
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