The new Chief Financial Officer will play a key role in helping the firm reach its goal of €1 billion in revenue by 2020 while ensuring that BearingPoint continues on the path of financial sustainability and profitability.
Frankfurt, August 9, 2016 – Management and technology consultancy BearingPoint today announced the appointment of Andreas Flach as its new Chief Financial Officer (CFO), succeeding Dolf Smeets, who will retire from the firm in 2017.
As CFO, Mr. Flach manages the financial operations and financial strategy of BearingPoint. He has over 25 years of experience in finance, and before joining BearingPoint he was Group Finance Director at Deutsche Vermögensberatung and CFO of Deutsche Verrechnungsstelle Mittelstand. He has extensive knowledge and a broad range of expertise acquired as a Partner at EY and BDO, and also as Head of the German Business Center for EY in India for four years. Mr. Flach is already familiar with BearingPoint from his time at BDO, where he was the responsible Partner in charge of the audit of the consolidated financial statements of BearingPoint.
I am truly delighted that Andreas will become our new CFO. He has an outstanding track record in finance and is an exceptional leader. He will play a key role in helping us reach our goal of €1 billion in revenue by 2020, ensuring that we continue on the path of financial sustainability and profitability. I look forward to working closely with him in delivering the revenue goal we’ve set for our firm. I also want to thank Dolf for his very valuable service as our CFO since the management buyout in 2009. Dolf oversaw the strong growth we’ve had, starting from €441 million in revenue to €563 million in 2016, and he has been always committed to ensuring the high level of integrity and transparency of our firm’s businesses.
Peter Mockler, Managing Partner of BearingPoint
I am very pleased to take on the challenge as the new CFO of BearingPoint. Having been the former financial auditor of BearingPoint, I know the firm well, and I will ensure the financial sustainability of BearingPoint as well as a balanced portfolio of growth initiatives, leading up to our goal of €1 billion in revenue by 2020.
Andreas Flach, CFO of BearingPoint
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success.
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