Michael Scholz
Independent Consultant
Experience
Jan 2019 - Present
6 years 7 monthsWeilerswist, Germany
Independent Consultant
MSBC ׀ Michael Scholz Business Consulting
- Diverse investment valuations / due diligence / M&A execution for broadband providers (regional providers in Germany)
- Commercial and financial due diligence and advice for a fiber joint venture in Germany (multi-billion investment by an insurer with a global telco)
- Building the German business of a French fiber expansion company
- Management consulting in the development of FTTH projects in Germany for investment banks and consultancies
- Advising European construction and engineering firms on developing and implementing business opportunities with German network operators
- Regional consultant commissioned by the Federal Ministry of Transport and Digital Infrastructure (BMVI) for municipalities on publicly funded FTTH expansion (as a freelancer for TÜV Rheinland)
- Author and speaker on broadband topics in Germany (for Outvise and Atene Kom)
- Due diligence and valuation of passive infrastructure and its marketability in Romania
Dec 2017 - Dec 2018
1 year 1 monthSabbatical
- Traveling
- Rescue diver training
- Family and friends
- Sports and cultural activities
Jun 2017 - Nov 2017
6 monthsBonn, Germany
Senior Expert International Strategy
Deutsche Telekom AG
- Broadband / Partnerships
Jun 2014 - May 2017
3 yearsBucharest, Romania
Head of Strategic Projects / Transformation Office (business partner to the CEO and the shareholders' meeting,
Telekom Romania Group
- Established a new wholesale division with a revenue increase of 5% - 7% with no additional costs
- IPO / equity story in favor of a shareholder
- Identified new financing sources and procurement
- Business process outsourcing (approx. 2000 employees)
- Streamlined reporting
- Led the nationwide FTTH rollout program (1.3M homes passed / EUR 160M 3-year budget)
- Set up, then managed technically and disciplinarily the department
- Advised the board and implemented strategic measures
- Analyses, recommendations, proposals
- Controlling (investments and sales)
- Forecasts and planning
- Improved and optimized commercial processes and corporate governance
- Managed large projects
- Comments on the annual financial statements
Mar 2012 - May 2014
2 years 3 monthsBonn, Germany
Strategy Execution and Performance Manager (business partner to the Senior Vice President International Strategy)
Deutsche Telekom AG
- Analysis and operational turnaround of companies in distress
- Design of a capital market related restructuring of the CEE business portfolio
- Reorganization of business reporting (timing, content, data collection)
- Consulting and operational support to the business unit head on strategic tasks
- Controlling
- Management of the strategic and legal realignment of subsidiaries
- Analyses and recommendations
- Contact for associations, authorities, banks
Oct 2002 - Feb 2012
9 years 5 monthsBonn, Germany
Senior Expert Treasury ("dotted line" to the Senior Vice President Treasury & Finance, power of attorney)
Deutsche Telekom AG
- Comprehensive implementation of a group-wide multi-currency cash management embedded in a payment factory
- Implementation of a central financial and liquidity planning and a related decentralized advisory IT system
- Standardization of bank contract terms
- Creation, publication and maintenance of the treasury manual
- Deputizing for the department head
- Cash management
- Process optimization
- Responsible for treasury in the EMEA region
- Contact for banks and authorities
- Introduction and management of international cash pooling
- Financing of affiliated companies
- Interface to accounting (HGB / IFRS)
Feb 2002 - Sep 2002
8 monthsJakarta, Indonesia
Director of Controlling (direct reporting to the CFO and the shareholders)
PT Satelite Palapa Indonesia
- Maintained business operations at the time of the stake sale
- Technical and disciplinary management of the department
- Responsible for planning, reporting and controlling
- Reporting to the board
Jan 1996 - Jan 2002
6 years 1 monthBonn, Germany
Head of the global finance strategy team; managing director of finance at DT Asia Holding GmbH; general authorized
Deutsche Telekom AG / DT Asia Holding GmbH
- Numerous multi-million dollar financings (structured financings, corporate loans and bonds)
- M&A and post-merger projects
- Structured reporting lines in the Asia business
- Consolidation of the sub-group
- Sale of DTAG's cable business (due diligence of buyer offers and management of the financial side of the transactions)
- Technical and disciplinary management of the central department
- Led the finance department of DT Asia Holding GmbH
- Analyses, recommendations
- Responsible for finance in the ASEAN region
- Creation of financing plans and coordination with banks
- Contact for associations, authorities, banks
- Structuring project financings and negotiating financing documents
- Internal communication and creation of templates
- Project management and representation of the Deutsche Telekom Group in Southeast Asia, Eastern and Central Europe
May 1995 - Dec 1996
1 year 8 monthsBrussels, Belgium
Advisor to the CFO (accounting / group accounting)
Global One Joint Venture
- Led reporting for over 300 group companies under various regulations
- Established the central department and the accounting manual
- Technical design and implementation of processes for the consolidation of approx. 300 group companies
May 1994 - Dec 1995
1 year 8 monthsBonn, Germany
Lead Manager Accounting Transformation / Group Accounting
Deutsche Telekom AG
- Introduction of deferred tax accounting
- Centralization of operational accounting (organization and SAP)
- Led the introduction of commercial accounting under HGB (accounting policy, processes, SAP) and preparation of proper bookkeeping
Mar 1989 - Apr 1994
5 years 2 monthsMülheim, Germany
Audit Assistant (initially as a working student, then permanent)
KPMG Deutschland
- Consulting on the introduction of HGB accounting in companies of the former GDR
- Audit of individual and group financial statements
Oct 1985 - Dec 1986
1 year 3 months Lorem ipsum dolor sit amet
Bundeswehr
Languages
German
NativeEnglish
AdvancedRomanian
Intermediate Education
Oct 1984 - Apr 1992
University of Duisburg
Diplom economist, accounting / auditing / controlling / taxes · Duisburg, Germany
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