“If you’re not part of the steamroller, you’re part of the road.”
Rich Frank, Studio President of Walt Disney On the technological advances in Hollywood Wall Street Journal 1993
John McElligott
John has a wealth of experience in international business gained over 30 years. He has a track record of successful business transformation management at both executive and board level, in both private and quoted companies. His particular expertise is in corporate finance, financial planning and analysis, financial control, cost management, strategy and new business development.
John has worked for many household names in senior roles. These include:
- My Travel - Director of Planning & Financial Analysis
- Duke Energy USA - Consultant, Group Mergers Acquisitions & Disposals and Group Financial Analysis
- British Telecommunications - Director Corporate Finance & Group Financial Analysis
- Concert Communications USA - Chief Finance Officer
- The Littlewoods Organisation - Group Financial Planning Director
Some highlights in his successful career include:
- Achieved $3billion in disposal proceeds in a stagnant market from the sale of significant but noncore overseas assets in Europe and Australasia including the sale of the Duke Energy European trading business in a highly complex deal to Norsk Hydro of Norway.
- Successfully achieved the implementation of a new budgetary process to emphasis ROCE in place of an EBIT system thereby focusing senior management on the utilization of corporate cash resources. This involved culture change both within the group executive and the operational finance units as well as a reformatting of the budget process.
- Originated and managed the successful sale of British Telecom's Yellow Pages business to a consortium of venture capital companies following a negative OFT review of the business, and achieved against the background of an aborted IPO and a deferred demerger in a financially weak market place.
- Reorganised and reduced the finance team headcount of the Networks & Systems business by 25%, introduced a new financial management reporting system while ensuring the achievement of the budget by increasing external turnover and reducing operating costs by ₤100million.