YINSON Holdings Bhd has been operating without a chief financial officer (CFO) since 2018 following the retirement of Tan Fang Fing.
The group has since been searching for a suitable candidate within and outside the organisation before it came across the right candidate in Guillaume Jest, 56, who will be reporting to the company’s group chief strategy officer Daniel Bong with effect from today (Dec 1).
Filling up such an important void is in line with Yinson’s rapid growth in the offshore production industry, its recent diversification into renewables and expansion into new geographical areas.
Jest’s area of focus includes providing transformative leadership to Yinson’s tax, treasury and financial (TTF) teams in all 11 locations globally, continuing the development of robust fiscal policies and processes, and providing valuable insights and direction in areas of TTF reporting functions, digitalisation of systems and processes.
With Jest coming on board, Bong will now be able to devote greater focus to the development and execution of the group’s strategic plans while maintaining high-level oversight of the group’s financial performance.
“Jest will be the signing signatory of the group’s financial statements for the financial year ending Jan 31, 2022,” Yinson noted in a media statement. “Ho Guan Ming (group financial controller) will continue to sign off on the group’s financial statements for the current financial year ending Jan 31, 2021.”
Guillaume has over 25 years of finance leadership experience with a strong record of building TTF teams through periods of change in multicultural environments.
He brings a wealth of experience spanning across fast-moving consumer goods, industrial, chemical and pharmaceutical companies, most extensively in Asia.
Prior to joining Yinson, Guillaume was an executive committee member and the finance director of Guardian Industries (Africa, Middle East, India and Asia) in Bahrain, building and leading a high-performance TTF team spanning across seven countries.
From 2008 to 2017, he held the position of director (Asia and Europe) with Koch Audit and Advisory in Singapore, providing strategic consulting services to Asia and Europe offices and developing strategies to improve operating processes.
Yinson is currently the sixth largest independent floating production storage and offloading (FPSO) leasing company in the global FPSO market with a wide geographical presence in 11 countries. Gearing for growth, Yinson recently diversified into renewables. – Dec 1, 2020