Mikhail Shumski

• Stadler Polska is a rolling stock producer (trains, trams, metros), member of the Stadler Group, based in Siedlce, Poland. Has around 1600+ employees and 500+ Mio. EUR revenues per year.
• In less than two years established from scratch a strong team in project controlling and treasury areas.
• Successfully managed all financial areas of the large production entity.
• Was involved in most financial aspects in-depth (project controlling, treasury and liquidity planning, annual budgeting process, financial reporting and financial analysis, tax issues, etc.).
• Significantly contributed to the improvement of the financial position and credibility of the factory (in two years managed to take out the company from loss-making into a profitable unit of the Stadler Group).
• Designed and significantly improved several key reports of the entity in relation to project-by-project controlling and liquidity planning in different currencies (as well as the consolidated view for the whole company), CAPEX controlling tool, hedging analysis tool.
• Successfully implemented the hedging strategy of the company.
• During two consecutive years successfully managed annual external financial audits by BIG 4 without any modifications of the company's audit opinion.

Stadler Minsk is a rolling stock producer (trains, trams, metros), member of the Stadler Group, based in the Free economic zone "Minsk", Belarus. Had 1650 employees and 400+ Mio. EUR revenues per year at it's pick in 2020.

• Started as a Chief accountant, then in less than 1 year also took over a Chief financial officer role and successfully managed both positions for the next 2+ years.
• During my engagement as CFO the company has been one of the most profitable among all other production locations of the Stadler Group.
• Supervised and led the financial / accounting / law teams of 25 employees in total during the rapid growth of the factory (three times from 600'000 to apprx. 2'000'000 productive hours in over 2 years).
• Was deeply involved in the main financial aspects of the business: financial reporting (for the internal management purposes, statutory requirements, Swiss GAAP for the stock exchange), project-by-project controlling and cash flows simulations, liquidity planning for the whole entity, treasury operations, annual budgeting and financial planning process, annual audits, tax issues, financial analysis for new projects, financial due diligence of potential M&A companies.
• Developed and successfully implemented several internal financial tools for project controlling, reporting and treasury / liquidity planning purposes.
• During three consecutive years successfully managed annual external financial audits by BIG 4 without any modifications of the company's audit opinion.
• Acted as the main point of contact for the Group Top-management and local CEO regarding any financial queries and issues of the factory.

• Managed the department of international audits (IAS) as well as corporate reporting and advisory services according to International Financial Reporting Standards (IFRS).
• Led the most important IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).
• As the final step before signing by the Partner reviewed the IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).

• In half a year created and then supervised a strong department of international audits (IAS) as well as corporate reporting and advisory services according to International Financial Reporting Standards (IFRS) - from just 3 employees to 21. Recruited and trained all new employees by myself.
• Led the most important IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).
• As the final step before signing by the Partner reviewed the IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).

• Led the most important IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).
• Provided consulting and training services in relation to IAS / IFRS, corporate reporting to internal and external stakeholders of the company.
• As the final step before signing by the Partner reviewed the IAS / IFRS projects of the company in different business areas (production, trade, construction, IT and other services).

Silvano Fashion Group was the leading producer and distributor of women's lingerie in CIS countries with 3500+ employees and over 100 Mio. EUR revenues per year. Main brands included: Milavitsa, Lauma, Alisee, Aveline, Hidalgo.

• Managed the department of the Group corporate reporting (5 employees in total): monthly internal management accounts, annual budgeting, quarterly reporting in accordance with International Financial Reporting Standards (IFRS) for the Warsaw and Tallinn stock exchanges, various kinds of ad-hoc reportings and analysis, annual external financial audit by BIG 4.
• Prepared consolidated quarterly and annual financial statements of the Group (12 companies in different countries) for the shareholders, Warsaw and Tallinn stock exchanges.
• During three consecutive years successfully managed annual external financial audits by BIG 4 without any modifications of the Group audit opinion.
• Prepared several monthly and quarterly individual financial statements, management accounts of the Group subsidiaries for the shareholders and top-management.
• Prepared consolidated annual financial budget of the Group (12 companies in different countries) for the shareholders as well as several individual budgets of the Group subsidiaries.
• Significantly improved and successfully implemented the Group template for the monthly management reportings as well as for the quarterly and annual consolidated financial statements including the notes.
• Consulted the Group CEO and CFO in respect to any queries and issues about corporate reporting and IFRS aspects. Reported directly to the Group CFO.

Firebird Distribution LLC is a trade company specialized in electronics and IT equipment, was one of the largest distributors in Turkmenistan, Uzbekistan, Afghanistan, Kyrgyzstan, Tajikistan.

• Prepared monthly financial statements, management accounts of the company for the shareholders and top-management.
• Prepared financial analysis of the profitability of all wholesale merchandise of the company.
• Participated in the implementation of the management accounts and reportings in 1C of a new trading subsidiary in Almaty, Kazakhstan.

Oasis Group LLC was the largest producer and distributor of juices in Belarus. Also specialized on other beverages, baby food and beer.

• Prepared monthly financial statements, management accounts of the company.
• Prepared various financial analysis of the prices, cost structure and profitability of all finished goods and merchandise of the company.
• Prepared the annual financial statements including the notes in accordance with IFRS.
• Together with the CFO participated in the annual financial audit in accordance with IFRS / IAS by BIG 4.
• Prepared the annual financial budget of the company.
• Managed the payment calendar and liquidity planning of the company.
• Communicated with the banks in regard to new and ongoing financing/credits. Provided various ad-hoc reports and analysis to them.
• Managed and controlled the receivables and payables of the company.
• Reported directly to the CFO.

• Participated in various IAS / IFRS projects in different business areas (production, trade, construction, mining, IT and other services).