Spin-off Project

To create more value for the shareholders, it had been decided to split the company into three different public companies.
This company was global with over 20 manufacturing facilities. It had three regional Shared Service Centers.
Working with the Executive Team, our mandate was to stand up Finance and IT at each company.

Obtained buy-in to create a Project Management Office. Developed a detailed plan and responsibility for the execution assigned.
Determined the assets, liabilities and operating accounts to be picked up by each company.
Developed the Finance and IT organizations for each company.
Oversaw the creation of three instances of SAP.
Developed and oversaw the execution of a readiness assessment plan.
Developed and oversaw the execution of a cut over the plan.
Developed and executed a stabilization plan after the spin-off date.

The spin-off took place on the day originally planned.
All minor challenges encountered post spin-off date were addressed expeditiously.
The success of this transaction became public information.