Showing posts with label PricewaterhouseCoopers. Show all posts
Showing posts with label PricewaterhouseCoopers. Show all posts

Monday, August 17, 2015

Alison Cooper: Imperial Tobacco CEO

Alison Cooper was born on March 31, 1966. Her growing years were spent in Kingston-Upon-Thames, Surrey. Alison attended the nearby all-girls’ grammar school,  Tiffin Girls’ School. She went on to earn a degree in mathematics and statistics from Bristol University. Alison spent a gap year teaching on voluntary basis in Kenya after she earned her degree. 
She initially wanted to become a teacher but then decided to enter the corporate world working as an auditor for accountancy firm Deloitte, Haskins & Sells in Bristol. The company was involved in a merger and later became PriceWaterhouseCoopers. While employed there, Alison worked closely with the Imperial Tobacco Group on acquisitions. 
In 1999 she joined Imperial Tobacco Group as Group Finance Manager. Two years later she rose up the ladder and became Group Financial Controller and was responsible for the financial management and control of the Group, including the financial evaluation of acquisitions, corporate planning and development, and investor relations. 
Alison was involved with Imperial Tobacco’s purchase of the German tobacco group Reemsta, in 2002. She was also involved in the acquisition in 2007, of Franco-Spanish maker of Gitanes and Gauloises cigarettes.  
Alison was named Regional Director of Western Europe in 2005 and in 2007 Corporate Development Director. She was named Chief Operating Officer in 2009.  Alison became the Chief Executive Officer in March 2010 upon the departure of Gareth Davis who held to post for the past 14 years. 
After assuming her new position Alison embarked on changing the company mindset from being a tobacco manufacturer to be a FMCG (fast-moving consumer goods) company. 
On the issue of having more women in the board room as well a running companies she is of the view that she does not support the introduction of quotas intended to increase female participation. She actually finds it rude to women and believes it should be based on merit. 

Sunday, July 29, 2012

The Bold Moves of Ginni Rometty

There are many intelligent people out there, what separate leaders and shakers is they are willing to take the risks and execute plans which they believe will make their company better.  This has been the trait that defines Ginni Rometty.  It helped her become the CEO of IBM in January 2012. What cannot escape notice is that she is also the first female head of this venerable institution. As the former CEO and current chairman Samuel J. Palmasino noted it had nothing to with her being a woman.

Ms. Rometty pushed for the purchase of behemoth consulting firm PricewaterhouseCoopers in 2002 which cost $3.5 billion. There were widespread concerns that the two companies did not culturally fit. The more independent style of PricewaterhouseCoopers was so different from the more regimented approach of IBM. The fear was that the consultants would eventually go away in droves and just leave the shell of a company.
Ms. Rometty proved these fears wrong by working closely with the consultants and having them come on board. This was a defining moment in her career. Yet this was not her only achievement.  For over a decade she has been at the helm of the giant services business of IBM and has been an influence in its development.  This business has played an integral role in IBM’s offering services and solutions and not only products in terms of hardware and software.

Prior to her position as CEO, Ms. Rometty headed IBM Sales, Marketing and Strategy.  As the overall sales leader she was responsible for the more than 170 international markets that IBM operates in. In 2010 performance was in excess of $99 billion.  She created IBM’s Growth Markets organization that is expected to provide around 30% of the company’s revenue by 2015.

Ms. Rometty graduated with a B.S. degree in computer science and electrical engineering from Northwestern University with high honors.  She has been in Fortune magazine’s “50 Most Powerful Women in Business” list for the past 7 years.

Those who have great ideas and are willing to take the risk often wind up on top.