Whitehead - Treasurer - Bayswater North, VIC, Australia

Mark Whitehead

Bayswater North, VIC, Australia



Work History

Treasurer (Apr

PACCAR Australia Pty Ltd / PACCAR Financial Pty Ltd

From April 2005

PACCAR Australia Pty Ltd and PACCAR Financial Pty Ltd are wholly owned subsidiaries of PACCAR Inc a US multinational company which designs, manufactures and distributes high quality light, medium and heavy duty trucks under the Kenworth, Peterbilt and DAF nameplates (US15 bil turnover - rated A+ / A1). PACCAR Australia is the market leader and designs, manufactures and distributes commercial vehicles domestically and exports to markets in New Zealand and Papua New Guinea. PACCAR Financial provides financing to purchasers of Kenworth and DAF commercial vehicles and the dealer network. PACCAR Australia is a company with revenues in excess of $1.0 bil and PACCAR Financial is a boutique finance company and has assets in excess of $650mil.

➢ Manage cash liquidity and associated internal and external (MMF Funds / Bond Portfolio) investment portfolio
➢ Develop and manage multiple currency exposures via forward contracts / derivatives.
➢ Develop and implement interest rate derivative strategies
➢ Manage banking relationships to ensure access to leading financial strategies
➢ Provide leadership for finance projects / acquisitions
➢ Liaise with rating agency (S&P)
➢ Development of and implementation of funding strategies for PACCAR Financial - AUD MTN / US Private Placement / US CP funding / AUD syndicated debt) / AUD Kangaroo Issuance / AUD CP issuance program
➢ Asset and Liability Modelling
➢ Global Treasury Responsibilities - involvement and lead in global treasury projects in conjunction with the US/Netherlands/Mexico and Brazil
➢ Manage and monitor counterparty risk exposure
➢ Participate in the periodic renewal of $3bil PACCAR Inc global line of credit
➢ To maintain a competitive cost of funds and provide guidance to sales company sales force
➢ Creation and maintenance of a comprehensive reporting structure
➢ Legal matters / company secretarial related matters - including purchases of property, litigation, intellectual property, corporate...

Treasurer / Company Secretary

BMW Australia Ltd

May 1995 - April 2005

BMW Australia Ltd is the sole importer and distributor of luxury BMW motor vehicles, MINI motor vehicles and BMW Motorcycles. BMW Australia is a renowned market leader in the luxury segment.

➢ Develop and manage all aspects of Treasury
➢ Manage external and internal financial relationships
➢ Implement foreign exchange and investment strategies
➢ Manage risk management elements of the company

Specific achievements:
• Implementation of a treasury system - Tribeca
• Developed a cash flow forecasting model
• Introduced the use of currency derivatives to manage foreign exchange exposures ($1bil per annum)
• Implemented and managed various financial policies including FX, Debt Collection and Credit Policy
• Completed and implemented a successful RFT for transactional banking services
• Introduced a Trade Practices Act compliance program and rolled out to all group companies

Assistant Treasurer and Company Secretary

BMW Australia Ltd

May 1990 - May 1995

➢ Manage external and internal financial relationships
➢ Formulation of foreign exchange strategies and execution
➢ Formulation of interest rate hedging strategies and execution
➢ Cash Management
➢ Risk Management responsibilities - insurance
➢ Analysis of transactional bankers performance on an annual basis
➢ Analysis of various alternative funding methods

Specific achievements:
• Involved in the establishment of BMW Australia Finance (assets in excess of $3bil).
• Established and negotiated committed bank funding lines for BMW Australia Finance
• Involved in the launch of inaugural EURO Bond for BMW Australia Finance
• Development and implementation of an asset and liability model - ZIRIS
• Introduced the use of interest rate derivatives - specifically FRA's and interest rate swaps
• Managed the introduction of cross border leasing
• Developed and introduced BMW Insurance
• Implemented insurance premium funding
• Involvement in the GST implementation plan

Academic Status

Commerce Degree

Finance Planner

BMW Australia Ltd

July 1985 - May 1990

➢ Dealing of foreign exchange and interest rate exposures
➢ Cash management and associated reporting
➢ All insurance related matters

Specific achievements:
• Implemented the FinPlan Cash Management system
• Introduced Sedgwicks insurance brokers to the business - cost savings resulted
• Implemented FID minimization structures - creation of bank accounts in Queensland

National Australia Bank

January 1984 - July 1985

➢ Participate in an intensive 12 month graduate program
➢ Undertake various job role rotations within the bank
Specific achievements:
• Successfully undertook roles (short term) in corporate banking, treasury and retail banking.

Melbourne University

Higher School Certificate

Haileybury College

(Professional and personal references are available upon request).

Qualifications & Certifications

Finance and Treasury Association

Securities Institute of Australia

Melbourne University

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