Chief Financial Officer

The organisation

Established in 1929, and worldwide simply known as NEM, is a leading, global Original Equipment Manufacturer (OEM) company in the field of steam related equipment and exhaust systems.  

NEM’s headquarters is located in Zoeterwoude The Netherlands and has offices in Germany and India as well. It employs 575 people in total and has an annual turnover is around E 300 mio. 

NEM Energy is a carve-out of Siemens Energy since December 2022 and is presently private equity owned by Mutares. The carve-out consisted of the NEM employees and the projects in progress. A new headquarters with staff services had to be build and organization, systems and processes were developed and implemented. The finetuning of this process is still ongoing. 

The culture of the company is defined by its international history (and long shareholder ship by Siemens) as well as the (industrial) sector in which it is active. Engineering is at the heart of the business.

NEMs CEO is Alexander Wisse who has many years of experience in the sector. Together with the CFO he forms the company’s executive Board. NEM Energy is seeking to recruit a new Chief Financial Officer externally.

NEM is globally active in the field of power generation. The company supplies products that make a visible contribution to a better world and provided added value to its clients with solutions that are both innovative and competitive while adhering to socially responsible entrepreneurship. 

NEM supplies custom made solutions, regarding Heat Recovery Steam Generators (HRSG), Waste Heat Recovery Units (WHRU) and Exhaust and Diverter Solutions (EDS) for power generation and industrial applications, as well as service and spare parts throughout the world. NEM's heat recovery steam generators take up the largest portion of the company's activities. 

The company’s driving forces are their distinctive know-how and continuous technological innovation, such as their new fast start and lifetime monitoring technologies. NEM Energy’s USP’s lie in the development of custom-made products and solutions, and with an eye for new applications such as the patented DrumPlus technology and innovative modularized industrial boiler concept. On average, NEM will be involved in approximately 15 project simultaneously, albeit in different stages. Their focus is on sales, engineering and sourcing, while manufacturing is outsourced and financed by clients.

NEM is organized in four divisions: 

• Heat recovery solutions:  The Waste Heat Recovery Unit (WHRU) range of NEM offers an efficient recovery method of thermal energy from gas turbine exhaust gases but can also recover waste heat from other heat sources.
• The (Balcke-Dürr) Heat Exchanger division, based in Düsseldorf, Germany, brings over 130 years of expertise in energy efficiency and heat exchange solutions for utilities and industries and has supplied more than 325 condensers, 500 feedwater heaters, and 80 moisture separator reheaters (MSR).
• The Exhaust Solutions division, based in Recklinghausen, Germany, caters to a wide range of gas turbine exhaust applications, ranging from industrial to heavy-duty machines.
• The (Balcke-Dürr) Aftermarket Service division is committed to supporting our customers throughout the entire lifetime of the product. Whether you need spare parts, complete refurbishments, or long-term service agreements, NEM is your right partner.

Furthermore a Cheddai (India) based engineering company is part of NEM Energy. A network of worldwide agents is active selling NEM Energy’s products and services.

The position

YESSBoerCroon is recruiting  a Chief Financial Officer for NEM Energy, a leading, global Original Equipment Manufacturer company in the field of steam related equipment and exhaust systems.

The CFO will report directly to the CEO, Alexander Wisse and will be his strategic sounding board, as well as a member  of the management team. The management team is working closely to develop and execute a shared vision for the company, which has been operating in its current structure (carve-out from Siemens) and private equity owned since 2022.

The CFO’s will lead and inspires his team, which consists of Financial Accounting (8 p), Project Controlling (5 p), Group Commercial Finance & Risk (4 p), Digital Excellence (6 p), HR (5 p).

Tasks & responsibilities

The CFO will be responsible for planning, implementing, managing and overseeing all financial activities, more specifically:

• developing and executing financial strategy; 
• focus on return and liquidity; 
• improving processes and procedures with the aim of increasing efficiency; 
• analyzing the results achieved and implementing improvements based on that;
• preparing and presenting financial reports to the Supervisory Board and Management Team and other relevant stakeholders;
• compliance with financial laws and regulations, shaping CSRD guidelines.

The new CFO will be doted with the required leadership skills to raise professional financial standards of NEM Energy and co-lead the further growth of the company.

The new shareholder has raised the bar as far as financial reporting, KPI’s and standardization is concerned, and the CFO will manage the new constraints and ensure that they are executed diligently. To this extent he/she (subsequently referred to as he) will demonstrate sound people management and teambuilding skills. 

He will embody professionalism and convey this to all stakeholders. He will be an important point of contact for the Supervisory Board and shareholders and maintain relationships with the accountant, the banks and other external advisors.

Candidate profile

• Background and experience
• Completed university education, preferably in business administration, economics; a postdoctoral RA or RC degree is a clear advantage.
• At least 15 years of broad financial management experience of which several years in a managerial role.
• Both financial control, business control, project control and strategic finance/M&A experience.
• Experience in managing IT, operations and quality.
• Experience in medium sized companies preferably private equity owned.
• Relevant professional network, for instance in banking 

Personality

• Hands on/can-do mentality, likes to be involved in daily practice.
• A down-to-earth go-getter.
• Well developed people management skills required to encourage and improve cross functional collaboration
• Brings structure and clarity, with which processes are guaranteed to a higher degree of professionalism. 
• Strong analytical ability.
• Critical thinking skills, used to conducting the discussion based on factual argumentation. Outstanding communication skills, excellent knowledge of Dutch and English and preferably German 
• Affinity to the industry/OEM in which NEM Energy is active

Interested?

You can apply for this position by using the form below, including your resume.