AHMED ALLOUACHE
Houston,US
Summary
Financial Executive with extended Oilfield Services experience and a track record of delivering results, solution focused and profit driven Manager. Areas of expertise include hiring, training and retaining a first-class Finance team, business process improvement and change, treasury and working capital Management, financial planning and analysis, international taxation, corporate mergers, acquisitions and integration. Held responsibilities for HR, Risk Management and IT for many of the roles listed below.
Overview
26
26
years of professional experience
Work History
CFO
AccessESP LLC
01.2013 - 12.2022
- Houston based company with global operations, company has developed a unique solution that radically simplifies the conveyance of ESPs without the use of a rig
- Company acquired by Baker Hughes in December 2022
- Member of a Management Team who took over a failing company early 2013 and turned it into a successful enterprise
- Successful implementation of EPICOR ERP across the enterprise.
Group CFO
Tercel Oilfield Products
07.2010 - 12.2012
- Dubai based manufacturer of Oilfield equipment with manufacturing facilities in Houston, Dubai, Belgium, India, Malaysia and the UK.
- The Group was formed in December 2009 as a result of the combination of six independent companies which were acquired at the same time
- The Group is Majority owned by Lime Rock partners
- Successfully negotiated a working capital facility for the UK operations with the Lloyds Group and secured a long term loan at very favorable terms from the local Government in Belgium
- Developed and implemented common financial policies and procedures, an integrated financial reporting and planning processes and introduced financial reporting discipline
CFO
Global Energy Services
06.2007 - 06.2010
- A land drilling rigs and premium mud pump components and expendables Manufacturer based in Houston
- The company is majority owned by Lime Rock Partners and went public in 2010, currently trading as Independence contract Drilling.
- Instrumental in turning the company to profitability after significant losses in the previous years
- Negotiated and concluded an Equipment term loan and a working capital facility
- Negotiated and concluded the divestiture of a Ukrainian subsidiary that had lost money for the Group since its acquisition three years earlier
- Concluded US Sub GAAP Audits for 2006, 2007,2008 and 2009 and Group IFRS Group audit for the years 2006, 2007 and 2008 (first audits)
- Led negotiations and guided the due diligence and subsequent integration of two acquisitions: Southwest Oilfield Products and Louisiana Electric Rig Services
CFO
VMonitor Inc
06.2000 - 08.2007
- Chief Financial Officer for a startup company providing wireless remote monitoring solutions to the Oil and Gas industry
- VMonitor was sold to Rockwell Automation and later contributed to a joint venture between SLB and Rockwell automation.
- Led several funding exercises including preparation of business plans and projections, discussions and presentations with potential investors, secured initial funding from Venture capital firms and subsequent funding rounds from Shell Technology Ventures and Baker Hughes Inc
- Negotiated and managed several International distribution and agency agreements and partnership agreements
- Active involvement in negotiating first major contracts won by the company (PDO in Oman, PDVSA in
- Venezuela)
- Played a key role in coordinating communication with the various external stakeholders, shareholders and the
- Board, acted as secretary to the Board
General Manager
SCHLUMBERGER - OILFIELD SERVICES
01.1998 - 04.2000
- Overall responsibility for all Schlumberger operations in Algeria, Tunisia and Morocco, with sales of $250 Million and a gross margin exceeding 50% with direct profit statement responsibility for the area
- The role included restructuring the area from a Product line organization to a Geographical organization as part of a global restructure of the company.
Division CFO
Schlumberger - Anadrill Division
04.1996 - 12.1997
- Responsible for the Division worldwide finance organization which includes overseeing treasury activities, tax planning, accounting and reporting, budgeting and planning, internal audit and general Division Financial performance
- The Division had $500 Million of revenue at the time.
Education
Chartered Management Accountant -
Institute of Chartered Management Accountants Examinations – Dundee College of Commerce
Dundee, Scotland Skills
- Change Leadership; Cross-Functional Coordination; Financial Analysis & Reporting; Mergers & Acquisitions; Organizational Development; Strategic planing, working capital Management, governance
Timeline
CFO
AccessESP LLC
01.2013 - 12.2022
Group CFO
Tercel Oilfield Products
07.2010 - 12.2012
CFO
Global Energy Services
06.2007 - 06.2010
CFO
VMonitor Inc
06.2000 - 08.2007
General Manager
SCHLUMBERGER - OILFIELD SERVICES
01.1998 - 04.2000
Division CFO
Schlumberger - Anadrill Division
04.1996 - 12.1997
Chartered Management Accountant -
Institute of Chartered Management Accountants Examinations – Dundee College of Commerce
Similar Profiles
Kevin PenteltonKevin Pentelton
Delivery Driver/Dispatch Supervisor at Upstate Fulfillment LLC./UB Logistics LLC.Delivery Driver/Dispatch Supervisor at Upstate Fulfillment LLC./UB Logistics LLC.
Emma LuvianoEmma Luviano
Billing Manager at KDT LLC & KIDS DC, LLCBilling Manager at KDT LLC & KIDS DC, LLC
Kyle HornerKyle Horner
CSR & Logistics Coordinator at Global Plastics, LLC. - MGI International, LLC.CSR & Logistics Coordinator at Global Plastics, LLC. - MGI International, LLC.
Natalie CastilloNatalie Castillo
Administrative & Front Desk Support at Live line safetyAdministrative & Front Desk Support at Live line safety
Kierstin CarlinKierstin Carlin
Registered Nurse Operating Room (Circulator) at HCA Kingwood HospitalRegistered Nurse Operating Room (Circulator) at HCA Kingwood Hospital