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Rune Svenøy
Chief Financial Officer @Foodman As
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WORK HISTORY
Chief Financial Officer @Foodman As
Oslo, NO
As the CFO of FoodMan, I have achieved significant milestones in my first 4 months. I successfully led a high-impact project that resulted in a remarkable inventory reduction of MNOK 11 (22%), leading to a substantial improvement in liquidity for the company. Simultaneously, I strategically emphasized the exploration of efficiency enhancements and cost reductions, driving sustainable growth and maximizing profitability. I am looking forward to continuing my journey in this very exiting company.From summer 2023 I also took over the responsibility for procurement.
EDUCATION
Nord University
Siv.øk, Bedriftsøkonomi
Molde University College
Høyskolekandidat, IT
Fræna Videregående
Naturfag, Naturfag
Norwegian School of Economics (NHH)
Statsautorisert revisor, Accounting/Audit
SKILLS
ABOUT RUNE SVENØY
Over the past year as CFO at FoodMan, I have contributed in driving strategic initiatives, notably reducing inventory levels, enhancing liquidity, and shaping our future business strategy. My expanded responsibilities now also include leading the procurement function.Prior to FoodMan, I spent five years as the CFO of Compello AS, where my focus was on driving revenue growth and profitability. My contributions included streamlining processes, refining incentive systems, implementing rigorous cost controls, and enhancing the relevance and accuracy of financial analysis and KPIs.A key achievement at Compello was my involvement in the successful sale of our subsidiary in Germany, participating in a major reorganization in Sweden, and overseeing financial due diligence during our integration with Visma. Additionally, I led the selection and implementation of a new ERP system, a software subscription and billing platform, and continuously worked towards process improvement and development of the financial department.My career is marked by extensive and diverse experience in international groups across various industries. This includes roles as CFO, Financial Director, and involvement in external and internal auditing. My expertise spans M&A, transfer pricing, management of Shared Service Centers, due diligence, company integrations, taxation, VAT, accounting, negotiations, and effective communication with tax authorities.Hardworking, responsible, analytical, operational and team builder.
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