Finance Monthly CFO Awards 2016 Winners Edition
www.finance-monthly.com Omar Shafi Khan CFO at Innovia Group Firm Profile The Innovia Group is one of the world’s leading Advanced Polymer Solutions Providers. Our solutions provide customers in around 100 countries a combinationofenhancedsecurityandbrand integrity; improveddownstream manufacturing performance and cost; and reduced environmental impact. We are technology-led with world leading R&D from two dedicated centres and over 60 scientists worldwide, most of whom are PHDs or graduates. Manufacturing processes are proprietary based on unique in-house engineering expertise. These purpose built assets combined with extensive know how, application expertise and customer knowledge produce a highly differentiated product portfolio across specialty polymer film, coating, printing and security applications. Innovia has long standing customer relationships with strong global leadership positions in its targeted markets around the world. Foremost amongst these is the market for the production and printing of polymer banknote substrate. Innovia has produced close to 50 billion polymer banknotes across 24 different countries which represent more than 99% of all the polymer banknotes ever made in the world. We serve our customers through a 4 site manufacturing footprint covering all main continents and 16 sales and technical offices across the world. We are headquartered in Cumbria, UK and across our business export over 90% of what we produce. We are proud to be an integral part of the local communities where we operate while delighting customers across the world. The Innovia Group consists of three divisions: Films, Security and Systems. Innovia Films has the longest heritage, established in 1933 supplying cellulose films into the tobacco and food industries. After completing the divestment of our Cellophane business in June 2016, Innovia Films is focused on a wide range of coated and uncoated Biaxially Oriented Polypropylene (BOPP) speciality films into the labels, flexible packaging, tobacco overwrap, technical industrial and security markets. One of our core competencies is surface engineering which optimises the films functionality and we work extensively with our customers to continue to deliver step change improvements and new products. Innovia Security launched the first polymer banknotes in Australia in 1988. The business has continued to grow since then and today supplies 24 countries around the world with Guardian® polymer banknotes. We are very proud to be currently producing the £5 and £10 bank notes for the Bank of England which will be the 25th country on Guardian®. Key attributes of polymer banknotes are enhanced counterfeit resilience ensuring that a nation’s currency is secure, durability resulting in significant cost savings across the cash chain, improved hygiene and ability to recycle used notes. Innovia Systems was recently created to market a range of technical solutions for the validation and verification of Guardian® based banknotes as well as products that provide Central Banks independent analysis on quality of banknotes in circulation whether paper or polymer. Each division has a strong management team leading experienced and dedicated workforces focused on delivering growth through innovation, customer understanding and market knowledge. UK Finance Monthly CFO Awards 2016 About Omar Shafi Khan Omar Shafi Khan is the CFO and Executive BoardMember for the Innovia Group. He is involved with all aspects of the business alongside our group CEO, Mark Robertshaw. With a very lean and highly talented group team, Omar works with our very experienced divisional leadership groups to strong profit growth and high cash conversion business with industry-leading financial metrics. The InnoviaGroup has been investing significantly in kit and capabilities over the last few years and with an updated and focused strategy, is very well positioned for rapid growth in its targeted markets. With the completion of the Cellophane business divestment in June 2016, in which Omar also played a leading role, to excellent long term owners who are completely aligned with Innovia’s values including a very strong commitment to our local communities, we look forward to an exciting future focused on polymer solutions. Prior to joining the Innovia Group, Omar worked in Royal Dutch Shell for 16 years. Over his career he held a range of leadership roles across strategy and business development, finance and treasury. He was responsible for improving and growing businesses in more than 70 countries providing him with hard earned experience in working successfully in different cultures and operating environments. He also worked across the energy value chain and has a deep understanding of this sector and the challenges and disruptions it faces. Omar started his career with ABN Amro Bank in Asia covering corporate and project finance positions. He has a Bachelor of Arts degree from Rice University and is a fully qualified Chartered Management Accountant. Contact Details: Web: www.innoviaholdings.com 31
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