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Emilio Labrador

Emilio Labrador

Madrid, Spain
Member since October 25, 2017
Emilio has 25 years of CFO experience in Europe and Latin America. An expert in cross-border M&A, he has executed two $300+ million acquisitions and one $400+ million disposal. Emilio has worked on strategic reorganization projects and started subsidiaries in the oil and gas, automotive and industrial sectors. He enjoys freelancing to use his experience and international exposure to maximize value for his clients.
Emilio is now available for hire
Career Highlights
Education
Case studies
Industry Expertise
  • Automotive
  • Oil & Gas
  • Telecom Equipment & Solutions
Other Expertise
  • Financial Reports
  • Latin America
  • Mergers & Acquisitions (M&A)
  • Southern Europe
Employment
  • Regional CFO, Latin America and UK
    2011 - 2017
    Perenco
    • Structured a financing facility for $420 million to develop a joint venture with a Latin American subsidiary.
    • Led the finance and tax sections of the $400 million sale of a Latin American subsidiary.
    • Led the commercial, finance and tax sections of acquisitions of oil and gas fields in the UK from a major oil company in two separate transactions of $250+ million each.
    • Optimized cross-border taxes in the Latin American and UK subsidiaries with combined savings of $58+ million.
    • Led negotiations with the government to settle a $1.3 billion expropriation claim related to a Latin American subsidiary.
    Focus areas: Mergers & Acquisitions (M&A), Financial Planning & Analysis (FP&A), Cross border tax planning, Corporate Finance, Capital Structuring
  • CFO
    2008 - 2011
    Perenco Peru
    • Structured an oil trading contract to secure a 3-year oil contract and diluent supply. Negotiated contracts for the sourcing of diluent and the export of oil.
    • Controlled capital expenditures for the development of the Block 67 oil license, a $1.5 billion, 5-year investment project. Funds were used to develop oil and gas infrastructure in the Block 67 oilfield.
    • Set up the tax optimization for contractors, totaling savings of $40+ million.
    • Led negotiations with local banks to sell $300+ million in bonds in the Lima stock market in order to minimize country risk and maximize tax savings.
    • Negotiated changes to an oil license contract with the Peruvian government in order to increase the contract profitability. Profit increases of $30+ million were achieved during the 20-year oil contract.
    Focus areas: Financial Planning & Analysis (FP&A), Cost Management, Oil and gas trading , Logistic transportation
  • CFO
    2005 - 2008
    Perenco Venezuela
    • Led the transition of Perenco-operated oil fields from private companies to joint ventures with the state-owned oil company, PDVSA.
    • Negotiated the terms of the oil and gas license contract in the new joint venture. Agreed on clauses to the new contract, which had a favorable impact of $25+ million.
    • Led the settlement of tax claims in corporate income taxes, reducing tax liability from $45 million to $5 million.
    • Restructured the finance, purchasing, and human resources teams to optimize processes. Set up new processes to decrease working capital; accounts receivable decreased by $12.5 million, inventories by $5 million.
    • Traded on foreign currency exchange operations to optimize foreign exchange fluctuations exposure in the company; achieved over $20+ million in savings.
    Focus areas: Financial Planning & Analysis (FP&A), Budgeting, Tax Planning, Cost control
  • CFO
    2003 - 2005
    Perenco Guatemala
    • Marketed and traded the crude oil produced. Negotiated oil spot cargos and long-term oil sale agreements with US refineries, achieving 15% price increases in the oil differential versus previous year contracts.
    • Created joint ventures with other petroleum companies for commercialization of asphalt in Central America.
    • Reduced accounts receivable by $10+ million in the asphalt division.
    • Won a $10 million arbitration litigation against an asphalt client.
    • Settled a lengthy $500+ million claim from a supplier in our favor.
    Focus areas: Financial Planning & Analysis (FP&A), Budgeting, Trading oil and gas, Tax planning , Arbitration , Bitumen marketing
  • Regional CFO, Europe and Latin America
    2002 - 2003
    A Novo
    • Led the $50+ million disposal of a subsidiary in Spain, which involved marketing the subsidiary and putting together the sale and purchase agreement as well as the final completion statement to reconcile the interim period between the economic date and the closing date.
    • Optimized cash in the region with lease-back agreements on buildings and IT assets worth $20+ million.
    • Restructured short-term debt to long-term with intense bank negotiations. Followed up on the outstanding debt of corporate bonds (Oceans) in the French stock market and renegotiated terms to avoid bankruptcy.
    • Supervised 8 subsidiary CFOs, providing training and long-term career development.
    • Negotiated with minority shareholders to buy their stake in one of the subsidiaries in a transaction worth $10+ million.
    Focus areas: Mergers & Acquisitions (M&A), Disposals, Capital Raising
  • CFO
    1999 - 2002
    Valeo
    • Achieved a working capital reduction of EUR 18 million in one year, contributing to a record yearly operating cash of EUR 21 million.
    • Negotiated annual savings of EUR 25 million in the purchasing department.
    • Recovered bad debts by renegotiating the arbitrary debit notes made by Volkswagen for a total amount of $1 million.
    • Carried out an in-depth revision of the workflow procedures in the finance department to increase team productivity.
    • Reduced bad debts in the Brazilian subsidiary by $4 million by creating an ad hoc team of three people to finalize collections. The ad hoc team was subsequently put in charge of cost reductions.
    Focus areas: Financial Planning & Analysis (FP&A), Cost control, Budgeting, Treasury , Financial Accounting
  • Finance Manager
    1998 - 1999
    Accenture
    • Negotiated a long-term consulting contract involving 55 full-time employees.
    • Led tax optimization in cross-border consulting assignments with $6+ million in savings.
    • Headed finance and tax sections of new joint ventures in accounting outsourcing projects valued at $50+ million.
    • Drafted the finance and tax sections of the long-term consulting contracts.
    Focus areas: Cost Management, Financial Planning & Analysis (FP&A), Budgeting
  • CFO
    1995 - 1998
    Alcatel Alsthom
    • Served as the project manager for the implementation of a new accounting and management information system, and was in charge of the full implementation of the new ERP.
    • Set up a new structure of project managers to decentralize cost control and project billing.
    • Increased profitability of the subsidiary to 5% EBITDA margin in 1997, versus losses of EUR 300+ million in 1995.
    • Managed a 33-person team and served as a member of the Board of Directors of the Alcatel Alsthom Italy subsidiary.
    Focus areas: Financial Planning & Analysis (FP&A), Cost Management, Financial Accounting, ERP implementation, Tax planning, Treasury
  • Internal Auditor
    1991 - 1995
    Alsthom
    • Led the financial audit of a French subsidiary with over $150+ million in sales. Found audit adjustments valued at $3+ million.
    • Headed a post-acquisition audit in the Brazilian subsidiary and identified working capital adjustments of $10+ million.
    • Recruited and trained a team of 19 people in the finance and purchase organizations while in the interim CFO position of the Mexican subsidiary for three months.
    • Implemented billing procedures in the Mexican subsidiary and recovered $5+ million of overdue invoices.
    • Reduced inventories in the Mexican subsidiary by $7+ million after negotiations with suppliers who accepted to have their warehouses in the premises of the Mexican subsidiary.
    Focus areas: Internal Audits, Interim CFO, Cost Management
Other Experience
  • Latin America M&A Best Practices (Publication)
    Latin America boasts great investment opportunities with attractive risk levels, higher returns than home markets, and access to a large population base with growing income. However, Latin American acquisitions require special attention and include a number of difficulties unique to the region. This article provides insights gleaned from Finance Expert Emilio Labrador's 15 years of experience in Latin American oil and gas M&A. It provides practical tips for foreign acquirers considering investments in Latin America, on topics ranging from risk premiums in valuation, accounting due diligence, and legal considerations.
Education
  • Certified MBA (CMBA) in International Business
    1988 - 1991
    ESCP-EAP European School of Management - Oxford, United Kingdom
  • Bachelor's degree in Business Administration
    1984 - 1989
    Autonomous University of Madrid - Madrid, Spain
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