Owais Durrani
Seattle
Summary
Seasoned Global Finance leader with background in strategic planning, team leadership, and performance optimization. Known for driving company growth by developing efficient operational strategies and fostering professional relationships. Demonstrated abilities in problem solving, decision making, and communication skills to influence key stakeholders. Proven record of delivering innovative solutions and achieving organizational goals.
Overview
41
41
years of professional experience
Work History
Director -Finance Operations (Manufacturing, Supply chain, Logistics, Quality)
Lucid Group Inc.
Newark
07.2023 - Current
- Long Range Planning (Financial and Strategic), Global Storage and Warehousing foot print, Global Transportation Cost Optimization (Inbound Freight, Outbound Freight, Duties), Profitability by Product line, Program management, BOM cost management, ECR Business cases, Global Vendor contracts and Pricing, Manufacturing Overhead and Scrap/E&O Reduction, Manufacturing and Corporate Quality, Raw Material Inventory Turns and Forecasting.
- Completed Acquisition of Nikola Corp, both Engineering assets and Two Facilities
- Reduced Supplier claims – Onetime charges by $35m.
- Increased Net JPH to 15.2 in PWT, GA, BIW, Stamping and Paint, Savings $10.4m
- Consolidated 19 Cross docks, $29m in annual savings.
- Increased FTT to 85%. Reducing $28m in Rework and EOL Repairs
- Reduced Inventory DOH to 20 days, Cashflow improvement $75m
- Reduced 30% in Freight CPU by introducing Rail and eliminating Expedited Air
- Reduced $120m in Manufacturing Capex, Construction and MTE
- Implemented ZBB and reduced Operation Opex by $20m
- Implemented SAP AI and automation tools for Forecast and Month end close
Director - Finance, Supply Chain and logistics
Chewy, Inc.
Plantation
05.2021 - 06.2023
- Drive Cost per Package optimization for Inbound - Outbound Transportation (Middle mile and last mile) and Fulfillment centers, Develop and Implement Leading KPI’s, Automation of end-to-end analytics, financial support for Key Projects – IXD’s, Sort centers and Last mile delivery stations, Vendor and Carrier contract negotiations, Inventory Sourcing and network placement, 3 year Strategic and financial planning, Monthly and Quarterly forecasting
- Opened 2 Fulfillment centers and Transload facilities
- Opened consolidation center in China for Private label goods
- Generated $30m in free cash flow from improving Inventory placement and turns
- Generated $25m OPEX savings from negotiating carrier rates with Fedex and UPS
- Implemented daily Supply chain financial and operational metrics, tracking to plan
- SKU and Product level profitability influencing Vendor purchase decisions
Director - Finance, NA Outbound Transportation
Amazon.com Inc
Seattle
09.2017 - 03.2021
- Drive Cost per Package optimization across North America Outbound Transportation, Strategic and Operational planning, Automation of end-to-end analytics, Execute network projects relating to Speed, distance and Package profile, Develop and Implement Trans quarterly cost savings tracker by initiatives and partners.
- Executed Four Network Automation Projects – Cyclops, Cognos load, Fulcpu portal and Hydra (Internal carrier Rate cards), driving 20% productivity improvement.
- Converted 60% Finance and Operation KPI’s from lagging to leading indicators
- Started transportation optimization management function for ATS and FC network
- Implemented Package profile and Speed initiative converting 2D to 1D delivery
- Implemented R.A.P.I.D model to transform Finance function focusing on driving and influencing business decisions (Analytical model using Simulation, RPA and AI)
- Implemented rigorous weekly and monthly operations review with both Finance, business partners and operations, $265m cost savings in 2019.
- Worked with Operations team to negotiate the new UPS, Fedex and USPS contracts
- Added 15 Boeing Cargo planes and 1200 Cabs to Amazon Air and Line Haul fleet
Vice President - Finance/CFO, Active Safety Division
Autoliv Inc
Southfield
07.2014 - 09.2017
- Strategic and Financial planning (Annual and 5-year), Product line and OEM P&L management, Acquisitions, JV and Integration, Risk Management, Manufacturing and RDE Finance, Governance and Compliance, CAPEX and OPEX management, Financial and Engineering Systems, Business and Financial KPI's, Technology and Software Pricing and licensing, Contract negotiations (Customers and Suppliers), Vendor and Partner Rebates, Corporate taxation and Treasury.
- Acquired and integrated two platform companies in US and Japan and JV with Volvo
- Expanded Manufacturing facility in China and RDE centers in Romania and India
- Improved Non-quality Manufacturing cost by 40% YoY
- Implemented Product line and OEM PL’s
- Implemented global RDE project tracking system to measure Profitability by project
- Streamlined and standardized key Financial processes globally to drive efficiency
- Increased YoY profitability 40% and Working capital 50%
- Negotiated New Business Contract pricing with Daimler, BMW, Audi and GM
Senior Director – Finance, Financial Solutions Division
Hewlett-Packard Inc
Pale Alto
07.2013 - 07.2014
Vice President - Finance/CFO
Hewlett-Packard Inc
Mississauga
05.2011 - 07.2013
Vice President- Global Strategy and Planning
Research in Motion Limited
Waterloo
08.2009 - 04.2011
Director – Finance, India (Commercial & Consumer)
Dell India Inc.
Bangalore
06.2008 - 08.2009
Director – Finance, Canada (Commercial & Consumer)
Dell Canada Inc.
North York
01.2007 - 06.2008
Director – Finance, America’s International
Dell Canada Inc.
North York
06.2006 - 12.2006
Director - Software & Peripherals
Dell Canada Inc.
North York
02.2005 - 06.2006
Chief Operating Officer
Danka Canada Inc.
04.2004 - 01.2005
Vice President Finance and Operations, CFO
Danka Canada Inc.
03.2002 - 03.2004
President – US Operation
Basis100 Inc.
03.2000 - 03.2002
Vice President Finance
SLM Soft.com
09.1999 - 03.2000
Vice President Finance, Global Product Management
GE Capital
02.1999 - 09.1999
Vice President Finance and CFO
GE Capital
Canada
04.1997 - 02.1999
Director, International Finance and Planning (PBI)
Pitney Bowes International
USA
01.1996 - 04.1997
Vice President, Finance and Operations (PBSS)
Pitney Bowes International
USA
01.1994 - 01.1996
Director, Operations (PBCC)
Pitney Bowes International
USA
07.1990 - 01.1994
Chief Accountant
Belarus Equipment of Canada Ltd.
07.1985 - 07.1987
Education
Managing Services – Re-engineering for Quality -
Wharton Executive Education
Masters of Business Administration -
City University
USACertified Management Accountant -
Society of Management Accountants of Canada
CanadaAccounting Diploma -
Humber College
CanadaSkills
- Strategic and financial planning
- Business process automation
- P&L and Cashflow management
- Investment planning and prioritization
- Mergers and Acquisitions
- Organizational development
- Financial modeling, analytics
- Data-driven decision making
- Financial Systems and ERP implementation
- Strategic business partnerships
Affiliations
- American Management Association
- Society of Management Accountants
- American Society of Quality Control
- Think Customer – Quality/Service Leadership Forum 2000
Awards
- GE Capital – Pinnacle Award
- PBCC – One Standard Excellence Award
Citizenship
- Canada
- USA
Advanced Courses
- Computer Science, University of Toronto, 1983 - 1985
- Managing Services – Re-engineering for Quality, Wharton Executive Education, 1993
- Product Development Strategies, University of Chicago Executive Education, 1994
- Creating World Class Capabilities, Wharton Executive Education, 1995
- Business Transformation Through Leadership, Stanford Executive Education, 2005
- Acquisitions and Mergers, Columbia Executive
- GE Global Finance Leadership Program, 1999
- GE Six Sigma Black Belt Training and Certification, 1999
- Selling – Value Based Solutions, UCLA Executive education, 2001
- Forbes CFO conference, New York, 2004
- Global finance and leadership, INSEAD, 2006
Timeline
Director -Finance Operations (Manufacturing, Supply chain, Logistics, Quality)
Lucid Group Inc.
07.2023 - Current
Director - Finance, Supply Chain and logistics
Chewy, Inc.
05.2021 - 06.2023
Director - Finance, NA Outbound Transportation
Amazon.com Inc
09.2017 - 03.2021
Vice President - Finance/CFO, Active Safety Division
Autoliv Inc
07.2014 - 09.2017
Senior Director – Finance, Financial Solutions Division
Hewlett-Packard Inc
07.2013 - 07.2014
Vice President - Finance/CFO
Hewlett-Packard Inc
05.2011 - 07.2013
Vice President- Global Strategy and Planning
Research in Motion Limited
08.2009 - 04.2011
Director – Finance, India (Commercial & Consumer)
Dell India Inc.
06.2008 - 08.2009
Director – Finance, Canada (Commercial & Consumer)
Dell Canada Inc.
01.2007 - 06.2008
Director – Finance, America’s International
Dell Canada Inc.
06.2006 - 12.2006
Director - Software & Peripherals
Dell Canada Inc.
02.2005 - 06.2006
Chief Operating Officer
Danka Canada Inc.
04.2004 - 01.2005
Vice President Finance and Operations, CFO
Danka Canada Inc.
03.2002 - 03.2004
President – US Operation
Basis100 Inc.
03.2000 - 03.2002
Vice President Finance
SLM Soft.com
09.1999 - 03.2000
Vice President Finance, Global Product Management
GE Capital
02.1999 - 09.1999
Vice President Finance and CFO
GE Capital
04.1997 - 02.1999
Director, International Finance and Planning (PBI)
Pitney Bowes International
01.1996 - 04.1997
Vice President, Finance and Operations (PBSS)
Pitney Bowes International
01.1994 - 01.1996
Director, Operations (PBCC)
Pitney Bowes International
07.1990 - 01.1994
Chief Accountant
Belarus Equipment of Canada Ltd.
07.1985 - 07.1987
Managing Services – Re-engineering for Quality -
Wharton Executive Education
Masters of Business Administration -
City University
Certified Management Accountant -
Society of Management Accountants of Canada
Accounting Diploma -
Humber College