Summary
Overview
Work History
Education
Skills
Certification
Future Role
Why Leaving Current Role
Timeline
Generic
NICK VERRECCHIA

NICK VERRECCHIA

Melbourne

Summary

Dynamic Chief Financial Officer with a proven track record at DHL Global Forwarding, elevating profitability by 225% in the South Pacific. Expert in corporate finance and strategic planning, leading transformative initiatives and fostering compliance. Renowned for mentoring talent and driving operational excellence in international finance.

Overview

18
18
years of professional experience
1
1
Certification

Work History

Chief Financial Officer

DHL GLOBAL FORWARDING
Melbourne
01.2014 - Current
  • The role reports to the Regional CFO, with dotted lines to the CEOs of the four countries. The Sub region has 800 employees with revenue A$1.6 billion
  • Achieved recognition for significant contributions to corporate finance and accounting strategy in South Pacific.
  • Elevated profitability in South Pacific by approximately 225% since 2019, outperforming group average of 100%.
  • Led a finance team of 37 employees, driving commercial functions and business planning initiatives.

Accomplishments

  • Executed successful turnaround of loss-making operations, now generating multi-million dollar profits.
  • Oversaw transformation initiatives across three countries. Achieving the rollback of processes within two years.
  • Facilitated compliance improvements that reduced recurrence of issues through effective change management.
  • Mentored employees, resulting in multiple promotions within the organization.
  • Facilitator for internal training for Certified International Forwarder courses.
  • Invested in a minority interest of a subsidiary, enhancing portfolio diversity.
  • Led multiple business cases, including two successful 10-year investments in Sydney and Brisbane facilities.
  • Executed change management strategies, offshoring and nearshoring finance team since 2016.
  • Achieved highest percentage of offshoring in Asia, becoming first country to offshore entire processes.
  • Transformed role profiles to process owners, significantly improving cash performance.
  • COVID – Managing a rapidly changing environment with adaptability and achieving excellent results.

Chief Financial Officer

DHL GLOBAL FORWARDING
Mississauga
01.2007 - 12.2013
  • Role reported to regional Americas CFO with dotted line to country CEO.
  • Managed 50-person finance department, ensuring accuracy in financial and management accounting.
  • Executed best-shoring to global service centers in Asia.
  • Oversaw annual budgeting and business planning processes for Canadian operations.
  • Assessed strategic and financial plans, providing actionable recommendations for investments and acquisitions.
  • Reviewed key decisions with financial impact analysis for Canadian leadership.
  • Ensured compliance with local, state, and national tax laws, as well as corporate governance standards.
  • Led monthly financial reporting aligned with IFRS standards.
  • Contributed to strategic development and operational direction of Canada, overseeing commercial and finance functions.
  • Transformed global division into industry leader through execution of 20-month strategic project.

Education

Bachelor of Science Degree - Mathematics with Computer Science

University of Southampton

Skills

  • Corporate finance and investment management
  • Financial planning and analysis
  • Budgeting and long-range planning
  • Cash flow management
  • Financial modeling and reporting
  • Strategic planning and execution
  • Process improvement and transformation
  • Regulatory compliance and IFRS adherence
  • Change management in international operations

Certification

English Chartered Accountant

Future Role

  • Financial-based role, utilizing my current skills and experience, while challenging me and allowing me to learn new skills
  • Leading a financial team, partnering with the business
  • Working with senior management to
  • Drive a business forward, transforming it to take advantage of the fast-changing environment
  • Incorporating new IT and automation tools,
  • Opening up new markets, both domestic and international
  • Travel up to 25%

Why Leaving Current Role

  • Current role for 12 years
  • New challenge: The current role faces similar challenges to the ones already faced
  • Location: Melbourne. Have a good life in a very livable city
  • DHL offered a role in the USA, based in Miami, to turn around the East Coast, which we considered; we turned it down because the scope was too narrow, the financials did not work, and the impact on our lifestyle
  • Regional CFO roles are not available, and global roles are based in Germany

Timeline

Chief Financial Officer

DHL GLOBAL FORWARDING
01.2014 - Current

Chief Financial Officer

DHL GLOBAL FORWARDING
01.2007 - 12.2013

Bachelor of Science Degree - Mathematics with Computer Science

University of Southampton
NICK VERRECCHIA