STEFAN A. MALFLIETE-mail:

Wareslagestraat 108, B-9250 Waasmunster, Belgium

Tel.: (+32) 52 55 35 80, Mobile (+32) (0)474 52 76 49

PROFESSIONAL EXPERIENCE

Stern Stewart & Co. Gmbh. (free-lance)GERMANY

Senior Vice President, 01/06/2011 – present

  • Project manager of large restructuring project at the European unit one of the Dax 30 companies.
  • Developed integrated approach to ensure fixed and variable cost efficiency, fixed cost flexibility, high quality and excellent rate of service,
  • Project involves the optimization of 2 manufacturing plants, the European product portfolio, determination and implementation of synchronous flow manufacturing processes, make-or-buy and sourcing strategy, in- and outbound logistics, research and development and sales strategy.
  • Responsible for continuous communication and negotiations with works council and Unions.
  • Total initiated investment budget of project of more than €50m.
  • Responsible for full team of 12 consultants/experts.

MALFLIET B.V.B.A.Belgium

Managing Director and Owner, 12/12/2009 - present

  • Interim senior executive and complex project management
  • Non-executive and advisory projects

DOCKWISE ltd.

Dockwise Ltd is a leading transport managementand marine contracting company for the offshore oil & gas industry, listed on the Oslo Stock Exchange in October 2007 with a market cap in excess of $1bn. Dockwise ownsa total of 22 vessels and operates in 6 market segments: Offshore structures and drilling rigs primarily serving the oil & gas industry, military, port and marine infrastructure and various other cargoes as well as theluxury yacht transport market. As the CFO, ad interim CCO, statutory director and member of the board of managementreporting directly to the board, the main responsibilities include general financial, tax, legal, IT, commercial as well as the strategic (re) orientation and development Dockwise.

Chief Financial Officer, 07/2004 – 11/2008Breda, THE NETHERLANDS

Chief Commercial Officer, 01/2007 – 05/2008

  • Responsible for commercial departments and offices worldwide. Resulted in an increase of current profits of more than 80% between 2006 and 2008.
  • Responsible for management of buy-out process by 3i in excess of $700m, as part of this buyout, managed separation out of private company
  • Managed two re-financings of around $1bn each.
  • Executed reverse takeover of Sealift Ltd. of $800m with a listing on OTC in Oslo including secondary offering of $200m.
  • Managed acquisition of Offshore Kinematics and Ocean Dynamics of $45m.
  • Managed the full listing on the Oslo Stock Exchange in October 2007 including an $80m primary and a $200m secondary offering.
  • Successfully changed the shareholders’ base to a stable long-term group of investors resulting in significantly less volatility.
  • Setting up and implementing Dockwise 2005 - 2015 strategy based on 3 pillars: fleet renewal, integrated transport management and marine contracting with the overall goal of generatingprofitable revenues in excess of $1bn by 2010.
  • Successfully negotiated together with work’s council the terms of acquisitions and reorganizations
  • Managing changes necessary in internal organizational structure of Dockwise resulting in a project management company capable of managing large multi-year projects.
  • Set up the Dockwise offices worldwide such as Shanghai, Korea, Perth and currently in process of establishing Nigeria, Singapore, Japan, Brazil and Russia.
  • Managed the new build vessel Yacht Expressworth $60mas Project Director.
  • Professionalized finance and control department.

Heerema Marine Contractors B.V.

Heerema Marine Contractors is a leading contractor for the offshore oil & gas industry mainly operating in Europe, the Americas and West Africa and total revenues of $500m. As the Manager Finance & Control, directly reporting to the CEO, and with a staff of 35 people, responsibilities encompassed general administration, corporate finance, treasury, business and project control, cost estimation for tendering and external relations with banks and auditors.

Manager Finance & Control, 10/2002 – 06/2004 Leiden, THE NETHERLANDS

  • Successfully negotiated with syndicate of fifteen banks to obtain waivers for severe breach of covenants on €200m facility, including some all banks decision waivers.
  • Successfully refinanced €200m facility with a new multi-purpose revolving $ 250m syndicated loan. Lead one of the first non-underwritten loans of this size in the Netherlands.
  • Reorganized the Finance & Control department to ensure more effective control. This involved the hiring of several new individuals with academic degrees, reorganization of the structure of the department as well as close cooperation with project managers, engineers and operational people to convince them of the benefits of good financial control.
  • Set up an integrated activity based cost control system from tender to project execution resulting in much better insight in, and control of, the true value creation of the portfolio of projects.
  • Integrated risk management concepts and processes into the overall financial control & planning cycle.
  • Evaluated and analyzed several strategic business opportunities together with board of directors and supervisory board.

Risk Manager, 03/2002 - 09/2002Leiden, THE NETHERLANDS

  • Advised the board of directors and the advisory board on the development of the strategic plan in relation to strategic risks and its financial implications.
  • Successfully designed the enterprise-wide risk management system incorporating value based management, corporate governance and management incentives.
  • Set up guidelines for the proactive management of strategic, process and operational risks.
  • Conducted several workshops and training seminars to create awareness among all employees.
  • Set up a specific risk plan for operating in a war zone.

STERN STEWART EUROPE Ltd,

Stern Stewart & Co. is a leading consulting company specializing in the implementation of value based management systems based on the EVA® (Economic Value Added) principle. As a Vice President, main responsibilities included the management of large and complex projects, the business development for France, Belgium and Luxembourg as well as new product development.

Munich, GERMANY

Vice President, 09/2000 – 02/2002 London, UNITED KINGDOM

  • Successfully managed the implementation of EVA® at over 20 companies ranging from $500m to $17bn in Sales, responsible for 2 to 4 teams of 3 people.
  • Experience in a multitude of sectors such as: Consumer brands, Pharmaceuticals, Chemicals, Coatings, Telecommunications & Technology, Coatings, Heavy Industry, Oil& Gas, Transportation, Construction, Banking etc.
  • Secured a significant number of high profile new clients, follow-on projects and established a portfolio of high quality prospects.
  • Advised clients on several topics including EVA® based management systems, assessments of M&A and strategy proposals, financing structures and organizational restructurings.
  • Negotiated several new compensation schemes including variable pay for all employees with unions and workers' councils.

London, UNITED KINGDOM London, UNITED KINGDOM

Associate Consultant, 07/1998 – 08/2000Paris, FRANCE

  • Managed the day-to-day implementation of EVA® at Akzo Nobel, van Melle and ATS.
  • Developed Stern Stewart in the Benelux. Resulted in a substantial pipeline of projects. Responsible for execution of all business development and marketing activities in this region.
  • Authored articles on EVA® and shareholder value published in Trends, Trends/Tendances, Het Financieele Dagblad, Management Vandaag and De Financieel Economische Tijd.
  • Assisted the Managing Director France with establishing the Stern Stewart office in Paris.

Commerzbank, Commerz Financial Products, GmbH.Frankfurt, Germany

Assistant Product Manager, 06/1997 – 09/1997

Crédit Lyonnais, Private Banking Department Luxembourg, Luxembourg

Assistant Portfolio Analyst, 11/1996 – 12/1996

European University, Finance DepartmentAntwerp, Brussels, Belgium

Assistant to Professor of Finance, 07/1995 – 10/1996The Hague, The Netherlands

EDUCATION

William E. Simon Graduate School of Business Administration

University of RochesterRochester, NEW YORK

Master of Business Administration – Corporate Finance, 1/1997 – 06/1998

  • Merit scholarship recipient, Awarded a University of Rochester assistantship.
  • Graduated with Honors (GPA 3.7).
  • Member of Beta Gamma Sigma.

European UniversityAntwerp, Belgium

Master of Business Administration – International Management, 10/1995 – 9/1996

  • Merit Scholarship Recipient, Graduated “Summa Cum Laude” (GPA 3.8).
  • Received the “Outstanding Academic Achievement” award.

Bachelor of Business Administration – Business Administration 10/1991 – 06/1995

  • Merit Scholarship Recipient, Graduated “Summa Cum Laude” (GPA 3.8).
  • Received the “Outstanding Academic Achievement” award.
  • Thesis: “Stochastic Optimization Models for Investment Evaluation and Appraisal in Business”.

Received the “Best Thesis 1995” award.

Bachelor of Business Administration – Information Systems 10/1991 – 06/1995

  • Merit Scholarship Recipient, Graduated “Summa Cum Laude” (GPA 3.8).
  • Received the “Outstanding Academic Achievement” award.

PROFESSIONAL TRAINING AND EDUCATION

krauthammerBreda, The Netherlands

Senior Management program, full year 2005

Massachusetts Institute of Technology (MIT)Boston, Massachusetts

IT for the non-IT executive, for strategic decision making, September 2005

Euromoney legal trainingLondon, United kingdom

Loan documentation essentials, October 2003

SPECIAL SKILLS AND ADDITIONAL EXPERIENCE

  • Guest Lecturer at Vlerick Leuven Gent School of Management,
  • Board member of non-profit organization: Gymnastics club with over 300 members.
  • Proficient in English, Dutch, French and German. Conversant in Spanish. Understand Portuguese.