Case Study

An Interim Finance Director Mitigates A ‘Triple-Whammy’ Scenario For Belron

An Interim Finance Director Mitigates A ‘Triple-Whammy’ Scenario For Belron

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AN INTERIM FINANCE DIRECTOR MITIGATES A ‘TRIPLE-WHAMMY’ SCENARIO FOR BELRON Meller is support services director of the €3.3 billion vehicle glass repair and replacement business, with responsibility for finance, legal, and human resources. “We were in this very tricky situation where we had a leaderless, 40-strong finance team in our French subsidiary, Carglass. To put this in context, it’s the second largest of the 34 countries we operate in. That was a big- enough problem in itself. But it also coincided with the decision of our majority shareholder to sell a 40 percent share of the Group. On top of this, we’d recently bought a strategically important new service business in the country as we are trying to extend our services into new sectors. The timing of these three

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