Gala dinner with Award ceremony “CFO of the Year ... - CFO Insight
Gala dinner with Award ceremony “CFO of the Year ... - CFO Insight
Gala dinner with Award ceremony “CFO of the Year ... - CFO Insight
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Event Agenda<br />
7-8 OCTOBER 2009, VIENNA<br />
CONGRESS • GRAND EVENING EVENT: FINANCE AWARD <strong>“<strong>CFO</strong></strong> OF THE YEAR”<br />
2 nd <strong>CFO</strong> Summit Emerging Europe & CIS<br />
Inspiration for<br />
Top Financial Executives<br />
www.cfo-summit-ee.com<br />
ORGANISER
Grand<br />
Evening<br />
7 October, 6.30 p.m.<br />
at Liechtenstein Museum<br />
<strong>Gala</strong> <strong>dinner</strong> <strong>with</strong> <strong>Award</strong> <strong>ceremony</strong><br />
<strong>“<strong>CFO</strong></strong> <strong>of</strong> <strong>the</strong> <strong>Year</strong> 2009“<br />
Champagne reception<br />
kindly supported by<br />
Photo: © Liechtenstein
1 st floor<br />
2 nd floor<br />
4 th floor<br />
Floor plan<br />
• Exhibition and communication � Kleiner Redoutensaal<br />
• Plenum � Großer Redoutensaal<br />
• Room Graz<br />
• Room Vienna<br />
• Room Linz<br />
Plenum<br />
Großer Redoutensaal<br />
• Room Innsbruck<br />
Staircase<br />
Staircase<br />
Room Innsbruck<br />
Elevator<br />
Elevator<br />
Room<br />
Vienna<br />
Room<br />
Linz<br />
FINANCE<br />
Info<br />
desk<br />
Main entrance via<br />
Josefsplatz<br />
Exhibition and communication<br />
Kleiner Redoutensaal<br />
Room<br />
Graz
7 October 2009<br />
Plenum/Großer Redoutensaal<br />
10.15 a.m.-10.30 a.m.<br />
Welcome Address from FINANCE Emerging Europe<br />
10.30 a.m.-11.00 a.m.<br />
Striving to Be <strong>the</strong> No. 1<br />
2.30 p.m.-3.30 p.m.<br />
Panel Discussion I: Reframing <strong>the</strong> Business Model –<br />
Lessons from <strong>the</strong> Crisis<br />
5.30 p.m.-6.00 p.m.<br />
On-stage Interview: “Never Give up!” –<br />
How <strong>the</strong> Philosophy <strong>of</strong> Boxing Applies to Business<br />
Room Graz<br />
11.30 a.m.-1.00 p.m.<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Corporate Communications<br />
4.00 p.m.-5.30 p.m.<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Equity Solutions in Current Market<br />
Conditions<br />
Room Linz<br />
11.30 a.m.-1.00 p.m.<br />
Strategic Challenges in... <strong>the</strong> Metal Processing Industry<br />
4.00 p.m.-5.30 p.m.<br />
Strategic Challenges... What to Expect from PE in <strong>the</strong> Current<br />
Market Environment<br />
Room Vienna<br />
11.30 a.m.-1.00 p.m.<br />
Entering New Markets: Turkish Resilience and Return to Growth<br />
4.00 p.m.-5.30 p.m.<br />
Entering New Markets: Suitable Legal and Commercial Concepts<br />
in Russia and Ukraine<br />
Room overview<br />
8 October 2009<br />
Plenum/Großer Redoutensaal<br />
9.15 a.m.-9.30 a.m.<br />
Welcome Address from FINANCE Emerging Europe<br />
9.30 a.m.-10.30 a.m.<br />
Panel Discussion II: Emerging Europe in Need –<br />
Where Will Growth Come from?<br />
10.30 a.m.-11.00 a.m.<br />
Leading <strong>the</strong> Way: Why <strong>CFO</strong>s Are Good CEOs<br />
1.00 p.m.-1.30 p.m.<br />
How to Survive in a Bankrupt State – Challenges and Strategies<br />
for Companies in Highly Indebted Countries<br />
Room Graz<br />
11.30 a.m.-1.00 p.m.<br />
Strategic Challenges in... Retail and Trade<br />
Room Innsbruck<br />
11.30 a.m.-1.00 p.m.<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Restructuring Kit<br />
Room Linz<br />
11.30 a.m.-1.00 p.m.<br />
Strategic Challenges in... Technology and Automotive<br />
Room Vienna<br />
11.30 a.m.-1.00 p.m<br />
Entering New Markets: Poland’s Promises
Welcome<br />
Bastian Frien,<br />
Editor in Chief,<br />
FINANCE Emerging Europe<br />
Steven Arons,<br />
Managing Editor,<br />
FINANCE Emerging Europe<br />
Dear Guests <strong>of</strong> our 2 nd <strong>CFO</strong> Summit Emerging<br />
Europe & CIS,<br />
What initially began as a financial crisis has mushroomed into a fullblown<br />
global recession. Emerging Europe has been unable to insulate<br />
itself from <strong>the</strong> impact. The region is facing challenges that were<br />
virtually inconceivable just a year ago. Credit lines have dried up, currency<br />
depreciation has lifted interest payments on foreign-denominated<br />
loans to dangerous levels, and customers are increasingly defaulting on<br />
<strong>the</strong>ir bills. Liquidity, in o<strong>the</strong>r words, has become a scarce commodity.<br />
This brings momentous changes to <strong>CFO</strong>s. As access to capital is an<br />
ever more critical issue, <strong>the</strong>y are forced to play an increasingly<br />
important role in steering <strong>the</strong>ir companies through <strong>the</strong> storm. Quick<br />
and competent decisions are crucial in avoiding wreckage – decisions<br />
that combine expertise <strong>with</strong> instinct, and resolve <strong>with</strong> knowledge.<br />
Cultivation <strong>of</strong> <strong>the</strong>se qualities is a learning process, and most <strong>of</strong> it<br />
is learning from peers. More than anything else, it requires dialogue and<br />
discussion.<br />
This, in a nutshell, is, what <strong>the</strong> <strong>CFO</strong> Summit Emerging Europe & CIS<br />
is designed to achieve: By bringing toge<strong>the</strong>r fellow <strong>CFO</strong>s from across <strong>the</strong><br />
region, it creates a unique meeting point for you and o<strong>the</strong>r elite<br />
managers to facilitate an intensive exchange <strong>of</strong> experience and <strong>the</strong><br />
discussion <strong>of</strong> crisis strategies, market conditions and new growth<br />
opportunities.<br />
The unique format <strong>of</strong> <strong>the</strong> event ensures that this exchange can take<br />
place at four complementary levels: keynotes by prominent <strong>CFO</strong>s and<br />
o<strong>the</strong>r market leaders, expert panel discussions, focussed workshops<br />
including Q&A sessions and, <strong>of</strong> course, ample time in between for<br />
personal contacts.<br />
We are <strong>the</strong>refore proud to present <strong>the</strong> programme for <strong>the</strong> 2 nd <strong>CFO</strong><br />
Summit. The range <strong>of</strong> issues covered by its workshops – from equity<br />
solutions to communication strategies – aims at satisfying <strong>the</strong> broadest<br />
information needs <strong>of</strong> any <strong>CFO</strong>.<br />
But we are aware that even though business comes first, it does not<br />
come alone: <strong>the</strong>re will also be time to relax and enjoy a luxurious<br />
<strong>dinner</strong> during <strong>the</strong> <strong>Award</strong> <strong>ceremony</strong> for <strong>the</strong> <strong>“<strong>CFO</strong></strong> <strong>of</strong> <strong>the</strong> <strong>Year</strong> 2009” at<br />
one <strong>of</strong> Vienna’s finest locations exclusively reserved for our guests.<br />
We are delighted to welcome you to <strong>the</strong> 2 nd <strong>CFO</strong> Summit Emerging<br />
Europe & CIS in Vienna.<br />
Best regards,<br />
Bastian Frien Steven Arons<br />
<strong>CFO</strong>-Summit<br />
1
<strong>CFO</strong>-Summit<br />
2<br />
Content<br />
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7 October 2009<br />
Programme at a Glance<br />
Plenum<br />
Roundtable Session I<br />
Plenum<br />
Roundtable Session II<br />
Plenum<br />
8 October 2009<br />
Plenum<br />
Roundtable Session III<br />
Plenum<br />
Participating Companies
Programme at a Glance<br />
7 October 2009<br />
10.15 a.m.-10.30 a.m.<br />
Welcome Address from FINANCE Emerging Europe<br />
Bastian Frien, Editor in Chief, FINANCE Emerging Europe<br />
10.30 a.m.-11.00 a.m.<br />
Striving to Be <strong>the</strong> No. 1<br />
Martin Novak, <strong>CFO</strong>, CEZ, a.s.<br />
11.00 a.m.-11.30 a.m.<br />
C<strong>of</strong>fee break<br />
11.30 a.m.-1.00 p.m.<br />
Roundtable Session I<br />
• Entering New Markets: Turkish Resilience and Return to Growth<br />
• <strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Corporate Communications<br />
• Strategic Challenges in... <strong>the</strong> Metal Processing Industry<br />
1.00 p.m.-2.30 p.m.<br />
Lunch and networking<br />
2.30 p.m.-3.30 p.m.<br />
Panel Discussion I<br />
Reframing <strong>the</strong> Business Model – Lessons from <strong>the</strong> Crisis<br />
Dr. Andre Carls, CEO, Commerzbank Central and Eastern Europe<br />
Holding<br />
Martin Novak, <strong>CFO</strong>, CEZ, a.s.<br />
Lauri Veijalainen, <strong>CFO</strong>, IKEA Russia and CIS<br />
3.30 p.m.-4.00 p.m.<br />
C<strong>of</strong>fee break<br />
4.00 p.m.-5.30 p.m.<br />
Roundtable Session II<br />
• Entering New Markets: Suitable Legal and Commercial Concepts in Russia<br />
and Ukraine<br />
• <strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Equity Solutions in Current Market<br />
Conditions<br />
• Strategic Challenges... What to Expect from PE in <strong>the</strong> Current Market<br />
Environment<br />
5.30 p.m.-6.00 p.m.<br />
On-stage Interview<br />
"Never Give Up!" –<br />
How <strong>the</strong> Philosophy <strong>of</strong> Boxing Applies to Business<br />
Dr. Wladimir Klitschko, Partner, Klitschko Management Group GmbH<br />
From 6.30 p.m.<br />
Grand Evening <strong>with</strong> <strong>Award</strong> <strong>ceremony</strong> <strong>“<strong>CFO</strong></strong> <strong>of</strong> <strong>the</strong> <strong>Year</strong> 2009”<br />
at Liechtenstein Museum<br />
Champagne reception kindly supported by<br />
^<br />
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8 October 2009<br />
9.15 a.m.-9.30 a.m.<br />
Welcome Address from FINANCE Emerging Europe<br />
Steven Arons, Managing Editor, FINANCE Emerging Europe<br />
9.30 a.m.-10.30 a.m.<br />
Panel Discussion II<br />
Emerging Europe in Need –<br />
Where Will Growth Come from?<br />
Federico Ghizzoni, Head <strong>of</strong> Poland’s Markets Division, UniCredit Group,<br />
Member <strong>of</strong> <strong>the</strong> Management Board for CEE, UniCredit Bank Austria AG<br />
Heinrich Schaller, CEO, Wiener Börse AG<br />
Jacek Siwicki, President, Enterprise Investors<br />
Adam Stanyer, CEO, GPEC Sp. z o.o., Managing Director Polish Business<br />
Unit, SW Leipzig GmbH<br />
10.30 a.m.-11.00 a.m.<br />
Leading <strong>the</strong> Way: Why <strong>CFO</strong>s Are Good CEOs<br />
Piotr Jelenski, Chairman <strong>of</strong> <strong>the</strong> Executive Board, Asseco South Eastern<br />
Europe SA, Financial Director, Asseco Group<br />
11.00 a.m.-11.30 a.m.<br />
C<strong>of</strong>fee break<br />
11.30 a.m.-1.00 p.m.<br />
Roundtable Session III<br />
• Entering New Markets: Poland’s Promises<br />
• <strong>CFO</strong> Toolbox for <strong>the</strong> Crisis – Restructuring Kit<br />
• Strategic Challenges in... Technology and Automotive<br />
• Strategic Challenges in... Retail and Trade<br />
1.00 p.m.-1.30 p.m.<br />
How to Survive in a Bankrupt State – Challenges and<br />
Strategies for Companies in Highly Indebted Countries<br />
Pr<strong>of</strong>. Dr. Lajos Bokros, Member <strong>of</strong> <strong>the</strong> European Parliament<br />
1.30 p.m.-3.00 p.m. 3.00 p.m.<br />
Lunch & Final Get-toge<strong>the</strong>r Airport Shuttle Service<br />
<strong>CFO</strong>-Summit<br />
3
<strong>CFO</strong>-Summit<br />
4<br />
Plenum 7 OCTOBER Großer Redoutensaal<br />
Welcome Address from FINANCE Emerging Europe<br />
SPEAKER<br />
Striving to Be <strong>the</strong> No. 1<br />
SPEAKER<br />
Bastian Frien, Editor in Chief, FINANCE Emerging Europe,<br />
Frankfurt/Main, Germany<br />
Since <strong>the</strong> beginning <strong>of</strong> 2007 Mr. Frien has been Editor in<br />
Chief <strong>of</strong> FINANCE and <strong>the</strong> online magazine “Der Treasurer“.<br />
One year later, he became Chief Editor <strong>of</strong> FINANCE<br />
Emerging Europe. Prior to joining FINANCE, he authored<br />
market studies on behalf <strong>of</strong> <strong>the</strong> German Chamber <strong>of</strong> Foreign<br />
Trade (AHK) in Portugal and a study on corporate financing in<br />
<strong>the</strong> USA on behalf <strong>of</strong> Deutsche Bank Research.<br />
Martin Novak, <strong>CFO</strong>, CEZ, a.s., Prague, Czech Republic CEZ is a dynamic, integrated electricity conglomerate based in<br />
Mr. Novak has been working for CEZ, a.s. as Chief Accounting<br />
Officer since March 2006. As <strong>of</strong> 2008 he became <strong>CFO</strong> and<br />
Member <strong>of</strong> <strong>the</strong> Board. Prior to joining CEZ, a.s., Mr. Novak<br />
worked for ConocoPhillips in Houston, London and Prague, in<br />
<strong>the</strong> years 2002 and 2006 as Financial Director for central and<br />
eastern Europe. He started his career as a Tax Advisor at<br />
PricewaterhouseCoopers.<br />
<strong>the</strong> Czech Republic <strong>with</strong> operations in a number <strong>of</strong> countries<br />
in central and sou<strong>the</strong>astern Europe. Its principal businesses<br />
encompass generation, distribution and sale <strong>of</strong> electricity and<br />
heat as well as coal mining. In December 2008 CEZ, as <strong>the</strong><br />
first company from central Europe to do so, won <strong>the</strong> title<br />
“The Power Company <strong>of</strong> <strong>the</strong> <strong>Year</strong>“ in <strong>the</strong> prestigious Platts<br />
Global Energy <strong>Award</strong>s competition.<br />
^<br />
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^<br />
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10.15 a.m.-10.30 a.m.<br />
10.30 a.m.-11.00 a.m.
Roundtable Session I 7 OCTOBER 11.30 a.m.-1.00 p.m.<br />
Room Vienna Room Graz<br />
Entering New Markets:<br />
Turkish Resilience and Return<br />
to Growth<br />
SPEAKER<br />
HOST<br />
Room Linz<br />
Süha Güçsav, Vice Chairman <strong>of</strong> <strong>the</strong> Board, AKFEN Holding,<br />
Ankara, Turkey<br />
Serving at AKFEN Holding as Financing Group President and<br />
<strong>the</strong>n as President <strong>of</strong> <strong>the</strong> Executive Board, Mr. Güçsav has<br />
been Vice Chairman <strong>of</strong> AKFEN Holding since 2003. In<br />
addition, he serves on <strong>the</strong> Board <strong>of</strong> Directors <strong>of</strong> various<br />
affiliates including TAV Airport Holding. He is Managing<br />
Director <strong>of</strong> AKFEN GYO (Real Estate Investment Partnership)<br />
and CEO <strong>of</strong> IBS Insurance Brokerage Services.<br />
Kaan Basaran, CEO, UniCredit Menkul Degerler A.S.,<br />
Istanbul, Turkey<br />
Appointed CEO in March 2009, Mr. Basaran was previously<br />
CEO <strong>of</strong> Credit Suisse in Turkey since June 2006. He was<br />
responsible for investment banking, private banking and<br />
asset management divisions and was Head <strong>of</strong> Fixed Income<br />
Coverage for Israel and <strong>the</strong> Balkans. For sixteen years prior<br />
to Credit Suisse, he worked at Merrill Lynch International,<br />
Rabobank and Citibank N.A., all in London.<br />
Strategic Challenges in...<br />
<strong>the</strong> Metal Processing Industry<br />
SPEAKER<br />
HOST<br />
s<br />
Marc T. Oehler, Managing Partner, BILSTEIN GRUPPE,<br />
Hagen, Germany<br />
Mr. Oehler has been Managing Partner at BILSTEIN since<br />
2005. BILSTEIN was established in 1911 and has become<br />
<strong>the</strong> leading producer <strong>of</strong> cold rolled steel strip in Europe.<br />
Prior to joining BILSTEIN, Mr. Oehler had been Senior<br />
Manager at Arthur Andersen GmbH/Ernst & Young Real<br />
Estate GmbH in Frankfurt/Main for six years.<br />
Zbynek Zajícek, Relationship Manager, Commerzbank AG,<br />
Prague, Czech Republic<br />
Mr. Zajícek first joined Commerzbank Prague as Bank<br />
Specialist from 1995 until 2002. He was <strong>the</strong>n Leasing and<br />
Investment Advisor at IKB Leasing CR, s.r.o. for <strong>the</strong> next four<br />
years. Returning to Commerzbank Prague in 2006, he has<br />
been Relationship Manager in Corporate Banking Department<br />
up to today.<br />
^<br />
^<br />
^<br />
s<br />
^<br />
s<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis –<br />
Corporate Communications<br />
SPEAKER<br />
HOST<br />
Stefan Menzel, CEE Correspondent, Handelsblatt GmbH,<br />
Vienna, Austria<br />
Mr. Menzel has been CEE Correspondent in Vienna since<br />
September 2008. His main activities and responsibilities<br />
contain reporting about political and economic developments<br />
in central and eastern Europe. Previously, he was<br />
Deputy Head <strong>of</strong> Companies and Markets Section at<br />
Handelsblatt as well as Automotive Correspondent at<br />
Handelsblatt and Die Welt.<br />
Armin Häberle, Editor, FINANCE Emerging Europe,<br />
Frankfurt/Main, Germany<br />
Mr. Häberle has been working for <strong>the</strong> F.A.Z.-Institut and<br />
FINANCE Emerging Europe magazine since 2008. Besides<br />
working as an Editor he is also responsible for Business<br />
Development. Previously, he worked for <strong>the</strong> British<br />
Consulate-General in Düsseldorf, supporting German<br />
companies that were investing or expanding in <strong>the</strong> United<br />
Kingdom.<br />
5<br />
<strong>CFO</strong>-Summit
<strong>CFO</strong>-Summit<br />
6<br />
Plenum 7 OCTOBER Großer Redoutensaal<br />
Panel Discussion I 2.30 p.m.-3.30 p.m.<br />
Reframing <strong>the</strong> Business Model – Lessons from <strong>the</strong> Crisis<br />
SPEAKERS<br />
MODERATOR<br />
Dr. Andre Carls, CEO, Commerzbank Central and Eastern<br />
Europe Holding, Frankfurt/Main, Germany<br />
Dr. Carls is responsible for <strong>the</strong> CEE activities <strong>of</strong> Commerzbank.<br />
Having studied business economics and completed a<br />
doctorate, he joined Commerzbank in 1990, <strong>with</strong> various<br />
positions in corporate finance and capital markets. Until<br />
2008 he was Member <strong>of</strong> <strong>the</strong> Board <strong>of</strong> Managing Directors <strong>of</strong><br />
comdirect bank, since 2004 CEO <strong>of</strong> comdirect group.<br />
Lauri Veijalainen, <strong>CFO</strong>, IKEA Russia and CIS, Moscow, Russia<br />
Mr. Veijalainen has been <strong>CFO</strong> for IKEA Russia and CIS since<br />
2003. He has participated and been responsible for financial<br />
issues in <strong>the</strong> company’s extensive expansion schedule from<br />
two to twelve IKEA stores as well as for twelve Mega Malls<br />
located in Russian main cities and regions. Prior to IKEA,<br />
Mr. Veijalainen worked as <strong>the</strong> Finance and Administrative<br />
Director <strong>of</strong> Skanska in Moscow. Altoge<strong>the</strong>r he has worked in<br />
<strong>the</strong> CIS region for fourteen years.<br />
Bastian Frien, FINANCE Emerging Europe<br />
Martin Novak, <strong>CFO</strong>, CEZ, a.s., Prague, Czech Republic<br />
Mr. Novak has been working for CEZ, a.s. as Chief Accounting<br />
Officer since March 2006. As <strong>of</strong> 2008 he became <strong>CFO</strong> and<br />
Member <strong>of</strong> <strong>the</strong> Board. Prior to joining CEZ, a.s., Mr. Novak<br />
worked for ConocoPhillips in Houston, London and Prague, in<br />
<strong>the</strong> years 2002 and 2006 as Financial Director for central and<br />
eastern Europe. He started his career as a Tax Advisor at<br />
PricewaterhouseCoopers.<br />
^<br />
^<br />
^
Roundtable Session II 7 OCTOBER 4.00 p.m.-5.30 p.m.<br />
Room Vienna Room Graz<br />
Entering New Markets:<br />
Suitable Legal and Commercial<br />
Concepts in Russia and Ukraine<br />
SPEAKERS<br />
HOST<br />
Room Linz<br />
Veronika Bienert, Vice President and <strong>CFO</strong> Russia and<br />
Central Asia, Siemens Ltd, Moscow, Russia<br />
Ms. Bienert is <strong>CFO</strong> <strong>of</strong> Siemens Russia and <strong>the</strong> cluster Russia<br />
Central Asia. In her previous assignment at Siemens AG,<br />
Corporate Strategy, as Vice President Corporate Region CIS,<br />
she was involved in <strong>the</strong> strategic realignment <strong>of</strong> Siemens<br />
and <strong>the</strong> implementation <strong>of</strong> <strong>the</strong> new corporate regional<br />
set-up. Ms. Bienert has broad experience in <strong>the</strong> sectors<br />
industry, energy and healthcare in CEE and CIS.<br />
Dr. Thomas Mundry, Attorney at Law, Nörr Stiefenh<strong>of</strong>er<br />
Lutz, Moscow, Russia<br />
Dr. Mundry has been working in Russia since 1994. He has<br />
wide experience in advising on investment, financing and<br />
o<strong>the</strong>r projects <strong>of</strong> western and Russian businesses in Russia.<br />
He focuses on M&A, joint venture, greenfield and brownfield<br />
projects. His field <strong>of</strong> activity covers a wide range <strong>of</strong><br />
industrial sectors, including oil and gas, automotive industry,<br />
chemicals, engineering, retail, IT and real estate.<br />
Vitaliy Novikov, Managing Director, Johnson & Johnson<br />
Ukraine LLC, Kiev, Ukraine<br />
Mr. Novikov has been Managing Director <strong>of</strong> Johnson &<br />
Johnson Ukraine since 2007. He is in charge <strong>of</strong> <strong>the</strong> firm’s<br />
Consumer Products Division, in particular for business<br />
development, marketing strategies, sales and distribution<br />
strategy for <strong>the</strong> country. Before joining Johnson & Johnson,<br />
Mr. Novikov was Sales Director at Henkel Ukraine, based in<br />
Kiev.<br />
Dr. Mansur Pour Rafsendjani, Managing Partner,<br />
Nörr Stiefenh<strong>of</strong>er Lutz, Kiev, Ukraine<br />
Dr. Pour Rafsendjani is Head and Managing Partner <strong>of</strong> Nörr’s<br />
Kiev <strong>of</strong>fice. He specialises in representing and advising<br />
leading companies in international and national commercial<br />
law, corporate law, in particular M&A and joint ventures. He<br />
has been working in international legal advice for over ten<br />
years now. Before joining Nörr Stiefenh<strong>of</strong>er Lutz, he was<br />
General Counsel <strong>of</strong> an investment management company.<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis –<br />
Equity Solutions in Current<br />
Market Conditions<br />
SPEAKERS<br />
HOST<br />
Tadeusz Kozaczynski, Vice President, <strong>CFO</strong>, Trakcja<br />
Polska SA, Warsaw, Poland<br />
Mr. Kozaczynski has been Vice President and <strong>CFO</strong> <strong>of</strong> Trakcja<br />
Polska, <strong>the</strong> largest Polish railway construction group, since<br />
2004. He was involved in <strong>the</strong> company’s restructuring, M&A<br />
activity and its IPO in 2008. Mr. Kozaczynski has broad<br />
experience in private equity and equity research. He was<br />
elected <strong>“<strong>CFO</strong></strong> <strong>of</strong> <strong>the</strong> <strong>Year</strong> 2008” in Poland.<br />
Pawel Tamborski, Co-Head <strong>of</strong> Emerging Europe Equity<br />
Capital Markets, UniCredit Corporate & Investment Banking,<br />
UniCredit CAIB Securities UK Ltd, London, UK<br />
Mr. Tamborski is responsible for all equity and equity-linked<br />
products in CEE and joined UniCredit Group (CAIB) in 1994.<br />
At CAIB in Warsaw, he was Co-Head <strong>of</strong> Investment Banking<br />
and Board Member <strong>of</strong> UniCredit CAIB Poland. He has led<br />
public, private, Polish and international deals which are<br />
recognised as landmark transactions for CEE capital markets.<br />
Karim Makki, Global Head <strong>of</strong> Equity-Linked Origination,<br />
UniCredit Corporate & Investment Banking, Bayerische<br />
Hypo- und Vereinsbank AG, London, UK<br />
With UniCredit since 2003 and previously at Lehman<br />
Bro<strong>the</strong>rs in European equity capital markets, Mr. Makki has<br />
arranged more than fifteen convertible and exchangeable<br />
bond transactions to date as well as smaller privately placed<br />
equity-linked issues for companies including <strong>the</strong> recent first<br />
ever Bulgarian equity-linked issue for Chimimport.<br />
Strategic Challenges...<br />
What to Expect from PE in <strong>the</strong> Current Market Environment<br />
SPEAKERS<br />
Felix Frohn-Bernau, Member <strong>of</strong> <strong>the</strong> Executive Board,<br />
ARQUES Industries AG, Starnberg, Germany<br />
Since March 2007 Mr. Frohn-Bernau has been Member <strong>of</strong><br />
<strong>the</strong> Executive Board at ARQUES Industries, responsible for<br />
<strong>the</strong> departments’ acquisitions and exits. Prior to joining<br />
ARQUES Industries, he was Co-Founder and CEO <strong>of</strong> Dooyoo<br />
AG, a start-up <strong>with</strong> 180 employees in five countries. He also<br />
worked for <strong>the</strong> Bayerische Landesbank in London as an<br />
Advisor on a project based in <strong>the</strong> sport and media field.<br />
DDr. Michael Tojner, Founder and CEO, Global Equity<br />
Partners Beteiligungs-Management AG, Vienna, Austria<br />
DDr. Tojner founded <strong>the</strong> first mail order company in eastern<br />
Europe (Czech Republic, Hungary, Slovenia and Poland) and<br />
<strong>with</strong> Global Equity Partners one <strong>of</strong> <strong>the</strong> first private equity<br />
companies in Austria in 1998. He is an expert in investment<br />
banking, private equity & venture capital finance and M&A<br />
and signs responsible for Austria’s most successful IPO in <strong>the</strong><br />
last ten years: bwin.<br />
HOST<br />
Thomas Heidenfeld, Partner, Deloitte & Touche GmbH,<br />
Munich, Germany<br />
Mr. Heidenfeld is a Corporate Finance Partner focused on<br />
advising private equity and large corporate clients in<br />
Germany. In recent years he advised on well over one<br />
hundred transactions, both cross-border and domestic,<br />
ranging in value from EUR 10 million to EUR 4+ billion.<br />
He has extensive experience primarily in automotive,<br />
industrial products and manufacturing industries.<br />
Dr. Sven Oleownik, Managing Partner, Deloitte & Touche<br />
Corporate Finance GmbH, Munich, Germany<br />
Dr. Oleownik is Managing Partner <strong>of</strong> <strong>the</strong> Deloitte & Touche<br />
Corporate Finance Business. He has over twenty years <strong>of</strong><br />
experience on an international level in <strong>the</strong> areas <strong>of</strong> strategic<br />
consulting, corporate finance and investment management<br />
(strategic development, M&A, capital markets, performance<br />
improvement/restructuring) for corporates and PE firms.<br />
7<br />
<strong>CFO</strong>-Summit
Photos: © Norbert Weidermann<br />
<strong>CFO</strong>-Summit<br />
8<br />
Plenum 7 OCTOBER Großer Redoutensaal<br />
On-stage Interview 5.30 p.m.-6.00 p.m.<br />
“Never Give Up!” –<br />
How <strong>the</strong> Philosophy <strong>of</strong> Boxing Applies to Business<br />
“Such people as Klitschko are currently doing more for Ukraine, for its recognition, than all politicians, deputies, <strong>of</strong>ficials toge<strong>the</strong>r.”<br />
Dr. Wladimir Klitschko,<br />
Partner, Klitschko<br />
Management Group GmbH,<br />
Hamburg, Germany<br />
HOST<br />
Bastian Frien,<br />
Editor in Chief,<br />
FINANCE Emerging Europe,<br />
Frankfurt/Main, Germany<br />
Few sports attract more enthusiastic followers<br />
than heavyweight boxing. And no o<strong>the</strong>r<br />
boxing champion may be better known<br />
around <strong>the</strong> world than <strong>the</strong> bro<strong>the</strong>rs Vitali and<br />
Wladimir Klitschko. Just recently, <strong>the</strong>ir boxing<br />
careers have reached new heights: Wladimir, who<br />
has held <strong>the</strong> IBF and IBO world heavyweight titles<br />
since 2006, added his third world championship<br />
title last year, this time from <strong>the</strong> WBO. He has<br />
successfully defended his titles twice since <strong>the</strong>n.<br />
Vitali’s success may be even more stunning: He<br />
came back after a four-year pause from <strong>the</strong> sport to<br />
recapture <strong>the</strong> WBC title in <strong>the</strong> fall <strong>of</strong> last year,<br />
making <strong>the</strong> two bro<strong>the</strong>rs <strong>the</strong> first siblings in boxing<br />
history to hold simultaneously world titles in <strong>the</strong><br />
heavyweight division.<br />
Though impressive, <strong>the</strong> achievements <strong>of</strong> <strong>the</strong><br />
Klitschko bro<strong>the</strong>rs are not limited to sports.<br />
Both hold Ph.D.s in sports science and<br />
philosophy and pursue successful careers outside<br />
<strong>the</strong> ring. “As a celebrity, you are in a better position<br />
to make a difference,” Wladimir Klitschko is<br />
quoted as saying. They support various charity<br />
projects around <strong>the</strong> globe. For instance, <strong>the</strong>y are<br />
ambassadors <strong>of</strong> <strong>the</strong> UNESCO as well as <strong>the</strong> Laureus<br />
Sports for Good Foundation. Vitali is a member <strong>of</strong><br />
Yulia Tymoshenko, Prime Minister <strong>of</strong> Ukraine<br />
<strong>the</strong> municipal parliament <strong>of</strong> Ukraine’s capital Kiev<br />
and <strong>of</strong> <strong>the</strong> organisational committee for <strong>the</strong><br />
European soccer championships in 2012.<br />
But Wladimir Klitschko would not attend <strong>the</strong><br />
<strong>CFO</strong> Summit if <strong>the</strong>ir activities did not also<br />
include <strong>the</strong> world <strong>of</strong> business. Taking charge<br />
<strong>of</strong> <strong>the</strong>ir own self-marketing, <strong>the</strong> boxing bro<strong>the</strong>rs<br />
have founded <strong>the</strong> Klitschko Management Group<br />
(KMG) toge<strong>the</strong>r <strong>with</strong> <strong>the</strong>ir long-time manager,<br />
Bernd Bönte, as Partner and Managing Director.<br />
The company <strong>with</strong> <strong>of</strong>fices in Hamburg, Kiev and<br />
Los Angeles develops marketing strategies for<br />
companies, brands and personalities. But <strong>the</strong><br />
expertise and reputation <strong>of</strong> <strong>the</strong> Klitschkos also<br />
stand ready to assist companies seeking to expand<br />
to eastern Europe. The range <strong>of</strong> services includes<br />
consultation in areas like market analysis and<br />
research as well as market entry and location<br />
studies. The bridges <strong>the</strong>y can build rest on personal<br />
contacts and <strong>the</strong>ir advice on how to enter best<br />
foreign markets.<br />
What better door opener can one have?
Plenum 8 OCTOBER Großer Redoutensaal<br />
Welcome Address from FINANCE Emerging Europe<br />
SPEAKER<br />
Panel Discussion II 9.30 a.m.-10.30 a.m.<br />
Emerging Europe in Need – Where Will Growth Come from?<br />
SPEAKERS<br />
MODERATOR<br />
SPEAKER<br />
Steven Arons, Managing Editor, FINANCE Emerging Europe,<br />
Frankfurt/Main, Germany<br />
In 2006 Mr. Arons joined <strong>the</strong> German magazine FINANCE as<br />
an Editor. Since 2008 he has been Managing Editor <strong>of</strong><br />
FINANCE Emerging Europe. The magazine covers <strong>the</strong> entire<br />
range <strong>of</strong> <strong>CFO</strong> responsibilities and is intended for <strong>CFO</strong>s as well<br />
as for o<strong>the</strong>r corporate finance and private equity executives<br />
from Emerging Europe (EE) and abroad who are already<br />
investing or seeking investments in EE.<br />
Federico Ghizzoni, Head <strong>of</strong> Poland’s Markets Division,<br />
UniCredit Group, Member <strong>of</strong> <strong>the</strong> Management Board for<br />
CEE, UniCredit Bank Austria AG, Vienna, Austria<br />
In July 2007 Mr. Ghizzoni was appointed Head <strong>of</strong> Poland's<br />
Markets Division at UniCredit and Board Member responsible<br />
for <strong>the</strong> CEE Banking Division at Bank Austria. Since April<br />
2009 he has been Member <strong>of</strong> <strong>the</strong> UniCredit Group Executive<br />
Management Committee. He is also Supervisory Board Member<br />
in various companies <strong>of</strong> UniCredit Group/Bank Austria.<br />
Jacek Siwicki, President, Enterprise Investors, Warsaw,<br />
Poland<br />
Mr. Siwicki is President <strong>of</strong> Enterprise Investors, one <strong>of</strong> <strong>the</strong><br />
largest firms managing private equity funds in Poland as well<br />
as central and eastern Europe and has led about twenty<br />
direct investments. He manages <strong>the</strong> firm’s operations in<br />
Poland and Romania and is responsible for implementing its<br />
strategy in <strong>the</strong> whole CEE region. In 1991 he served as<br />
Poland’s Deputy Minister <strong>of</strong> Privatisation.<br />
Steven Arons, FINANCE Emerging Europe<br />
Leading <strong>the</strong> Way: Why <strong>CFO</strong>s Are Good CEOs<br />
Piotr Jelenski, Chairman <strong>of</strong> <strong>the</strong> Executive Board, Asseco<br />
South Eastern Europe SA, Financial Director, Asseco Group,<br />
Warsaw, Poland<br />
Mr. Jelenski has been Chairman <strong>of</strong> <strong>the</strong> Executive Board <strong>of</strong><br />
Asseco SEE since July 2007. Since December 2001 until June<br />
2009, he was <strong>CFO</strong> <strong>of</strong> Asseco Poland managing financing,<br />
restructuring and M&A activities. He joined CAIB Financial<br />
Advisers Sp. z o.o. in 1996 and was responsible for project<br />
management related to M&A.<br />
Asseco Poland (ACP) is <strong>the</strong> largest IT company listed on <strong>the</strong><br />
Warsaw Stock Exchange. In April 2008 <strong>the</strong> process <strong>of</strong> merging<br />
Asseco Poland and Prokom S<strong>of</strong>tware was completed.<br />
As a result <strong>of</strong> <strong>the</strong> merger, Asseco Poland became one <strong>of</strong> <strong>the</strong><br />
ten largest IT companies in Europe in terms <strong>of</strong> capitalisation.<br />
The group Asseco SEE is <strong>the</strong> largest operator in sou<strong>the</strong>astern<br />
Europe in terms <strong>of</strong> revenue derived from sales <strong>of</strong> its s<strong>of</strong>tware<br />
and services.<br />
9.15 a.m.-9.30 a.m.<br />
Heinrich Schaller, CEO, Wiener Börse AG, Vienna, Austria<br />
Mr. Schaller is CEO <strong>of</strong> Wiener Börse AG. He joined Wiener<br />
Börse as CEO in 2006. Prior to this, he was Member <strong>of</strong> <strong>the</strong><br />
Board <strong>of</strong> Raiffeisen Landesbank Oberösterreich. Before that,<br />
he was Chairman <strong>of</strong> <strong>the</strong> Supervisory Board <strong>of</strong> Kepler-Fonds<br />
KAG and Deputy CEO <strong>of</strong> Raiffeisen Landesbank Oberösterreich.<br />
He started his career at Raiffeisen Zentralbank<br />
in Vienna.<br />
Adam Stanyer, CEO, GPEC Sp. z o.o., Managing Director<br />
Polish Business Unit, SW Leipzig GmbH, Gdansk, Poland<br />
Mr. Stanyer is a UK Chartered Accountant having worked for<br />
KPMG in London and Berlin. He has extensive experience in<br />
<strong>the</strong> European energy, retail and construction sectors gained<br />
from <strong>the</strong> commercial and financial perspectives in large and<br />
mid-cap companies. Mr. Stanyer is currently leading a<br />
significant restructuring programme in a group <strong>of</strong> energy<br />
companies based in Poland.<br />
10.30 a.m.-11.00 a.m.<br />
<strong>CFO</strong>-Summit<br />
9
<strong>CFO</strong>-Summit<br />
10<br />
Roundtable Session III 8 OCTOBER 11.30 a.m.-1.00 p.m.<br />
Room Vienna Room Innsbruck<br />
Entering New Markets:<br />
Poland’s Promises<br />
SPEAKERS<br />
HOST<br />
Jirí Iša, Head <strong>of</strong> Treasury and Corporate Finance, AGC Flat<br />
Glass Czech a.s., Teplice, Czech Republic<br />
Mr. Iša has been Head <strong>of</strong> Treasury and Corporate Finance <strong>of</strong><br />
<strong>the</strong> AGC Flat Glass Czech since 1993. Prior to this, he was<br />
Manager <strong>of</strong> <strong>the</strong> internal bank <strong>of</strong> Sklo Union and worked as a<br />
Specialist <strong>of</strong> <strong>the</strong> social-economic Institute <strong>of</strong> <strong>the</strong> Academy <strong>of</strong><br />
Sciences. He started his pr<strong>of</strong>essional career at <strong>the</strong> State Bank<br />
<strong>of</strong> Czechoslovakia.<br />
^<br />
Host: Michael Wolf, Deputy Head International Corporates,<br />
BRE Bank SA, Warsaw, Poland<br />
Mr. Wolf has been Deputy Head <strong>of</strong> International Corporates<br />
<strong>of</strong> BRE Bank SA in Warsaw since 2007. Prior to this,<br />
he worked in <strong>the</strong> Corporate Banking Department <strong>of</strong><br />
Commerzbank AG in Cologne and Bonn and since 2004 as<br />
Senior Relationship Manager at BRE Bank SA, Warsaw, where,<br />
among o<strong>the</strong>rs, he was responsible for <strong>the</strong> cooperation <strong>with</strong><br />
multinational companies investing in Poland.<br />
Frank Eickholt, Director International Corporates,<br />
BRE Bank SA, Warsaw, Poland<br />
Mr. Eickholt has been Head <strong>of</strong> <strong>the</strong> International Corporate<br />
Section <strong>of</strong> <strong>the</strong> BRE Bank <strong>of</strong>fice in Warsaw from 2004 to 2008<br />
and since beginning <strong>of</strong> 2008 as Director International<br />
Corporates. He followed <strong>the</strong> delegation to BRE Bank SA in<br />
1998, starting as a Senior Account Manager in <strong>the</strong> International<br />
Corporate Section. Prior to this, he worked three<br />
years for Commerzbank AG.<br />
<strong>CFO</strong> Toolbox for <strong>the</strong> Crisis –<br />
Restructuring Kit<br />
SPEAKERS<br />
HOST<br />
Dr. Christian Frank, Managing Director <strong>of</strong> Eastern Europe,<br />
Zumtobel Lighting GmbH, Dornbirn, Austria<br />
Dr. Frank is Managing Director <strong>of</strong> Eastern Europe at<br />
Zumtobel Lighting GmbH, Dornbirn, and drives <strong>the</strong> growth<br />
initiatives in <strong>the</strong>se markets. Since joining Zumtobel in 2004,<br />
he had supported <strong>the</strong> post-merger integration <strong>of</strong> Thorn<br />
acquisition into Zumtobel Lighting. Before joining Zumtobel,<br />
he was Restructuring Expert at Roland Berger Strategy<br />
Consultants and APAX Corporate Finance.<br />
Pr<strong>of</strong>. Dr. Jörg Menzer, Managing Partner, Nörr Stiefenh<strong>of</strong>er<br />
Lutz, Bucharest, Romania<br />
Pr<strong>of</strong>. Dr. Menzer is Managing Partner <strong>of</strong> <strong>the</strong> Bucharest <strong>of</strong>fice<br />
<strong>of</strong> Nörr Stiefenh<strong>of</strong>er Lutz. He is also responsible for <strong>the</strong><br />
coordination <strong>of</strong> <strong>the</strong> CEE practice for international clients.<br />
He focuses on M&A, corporate law, VC, privatisations, public<br />
economic and environmental law. Pr<strong>of</strong>. Dr. Menzer<br />
specialises in advising M&A transactions and concentrates<br />
on structuring major foreign investments in Romania.<br />
Stefan Tkaczyk, CEO, Mazurskie Meble International Carry<br />
Home Collection (MMI CHC) Sp. z o.o., Olsztyn, Poland<br />
Mr. Tkaczyk has been CEO <strong>of</strong> MMI CHC since 2006.<br />
Previously, from 1993 to 2006, he was CEO <strong>of</strong> MMI<br />
Group – a furniture manufacturer belonging to <strong>the</strong> Schieder<br />
Group. Since 2003 he has been Head <strong>of</strong> Chief Counsel <strong>of</strong><br />
Polish Exporters’ Club.<br />
Dr. Jacek Bak, Head <strong>of</strong> Nörr Stiefenh<strong>of</strong>er Lutz,<br />
Warsaw, Poland<br />
Dr. Bak is Head <strong>of</strong> <strong>the</strong> Nörr Stiefenh<strong>of</strong>er Lutz <strong>of</strong>fice in<br />
Warsaw. He has advised on numerous M&As and financing<br />
transactions. His most recent transactions include advising<br />
Oaktree Capital Management on a loan <strong>of</strong> EUR 400 million<br />
and Calyon Investment Bank on a cross-border sale <strong>of</strong> a<br />
receivables pool. He also advised Axel Springer.<br />
s<br />
s
Roundtable Session III 8 OCTOBER 11.30 a.m.-1.00 p.m.<br />
Room Linz Room Graz<br />
Strategic Challenges in...<br />
Technology and Automotive<br />
SPEAKERS<br />
HOST<br />
Georgios Gergianakis, Senior Vice President EEME (Eastern<br />
Europe and Middle East), Seeburger AG, Bretten, Germany<br />
Mr. Gergianakis is Senior Vice President EEME at<br />
Seeburger AG. There he is responsible for managing and<br />
developing Seeburger’s business in eastern Europe and <strong>the</strong><br />
Middle East. He has twelve years <strong>of</strong> expertise in strategic<br />
business consulting and served as Communications Sector<br />
Leader South-East for IBM, responsible for <strong>the</strong> strategic<br />
build-up <strong>of</strong> consulting service units in eastern Europe.<br />
Dr. Martin Hölz, Partner, Deloitte Consulting GmbH,<br />
Stuttgart, Germany<br />
Dr. Hölz is Partner <strong>of</strong> Deloitte Consulting GmbH, leading <strong>the</strong><br />
global automotive practice in which all activities regarding<br />
OEMs, suppliers, financial services and wholesalers/retailers<br />
are combined. He has spent his career in <strong>the</strong> automotive<br />
industry since 1994, including several leading positions in<br />
big automotive companies.<br />
Robert Horndasch, Partner, Deloitte Consulting GmbH,<br />
Munich, Germany<br />
Mr. Horndasch is Partner <strong>of</strong> Deloitte Consulting GmbH in<br />
Munich, responsible for <strong>the</strong> technology industry. He has over<br />
14 years <strong>of</strong> expertise in <strong>the</strong> European telecommunications<br />
and technology industry, where he worked <strong>with</strong> start-up<br />
companies as well as established enterprises in <strong>the</strong> area <strong>of</strong><br />
management consulting, M&A advisory and IT transformation.<br />
Alexander Fraess-Ehrfeld, Managing Partner, Deloitte &<br />
Touche Corporate Finance GmbH, Munich, Germany<br />
Mr. Fraess-Ehrfeld is Managing Partner <strong>of</strong> <strong>the</strong> Deloitte &<br />
Touche Corporate Finance Business. He has fifteen years <strong>of</strong><br />
experience in investment banking and asset management.<br />
Before joining Deloitte, he worked for leading international<br />
investment banks like Goldman Sachs and Dresdner<br />
Kleinwort Benson. He was also Managing Partner <strong>of</strong><br />
Burckhardt Fraess & Co. GmbH.<br />
Strategic Challenges in...<br />
Retail and Trade<br />
SPEAKER<br />
HOST<br />
Dr. Bernd Sagemann, Director Accounting & Commercial<br />
Affairs, ECE Projektmanagement G.m.b.H. & Co. KG (ECE),<br />
Hamburg, Germany<br />
Dr. Sagemann has been in authority <strong>of</strong> Accounting &<br />
Commercial Affairs at ECE since summer 2009. Previously, he<br />
was responsible for accounting and investment controlling<br />
<strong>with</strong>in <strong>the</strong> ECE headquarter and foreign subsidiaries. Prior to<br />
joining ECE, Dr. Sagemann was Manager at KPMG and Head<br />
<strong>of</strong> Accounting/Finance in reputable real estate companies.<br />
Jens Jungmann, Managing Partner, Rödl & Partner,<br />
Nuremberg, Germany<br />
Mr. Jungmann is Managing Partner <strong>of</strong> Rödl & Partner. As a<br />
Certified Public Accountant and Auditor under Polish and<br />
Romanian law, he has great expertise and many years<br />
experience in consulting and audit services for enterprises<br />
from all business areas and <strong>of</strong> all sizes. In <strong>the</strong> years 2001<br />
until 2005 Mr. Jungmann was Court Expert for Accounting<br />
at <strong>the</strong> District Court in Poznan.<br />
11<br />
<strong>CFO</strong>-Summit
<strong>CFO</strong>-Summit<br />
12<br />
Plenum 8 OCTOBER Großer Redoutensaal<br />
How to Survive in a Bankrupt State – Challenges and<br />
Strategies for Companies in Highly Indebted Countries<br />
SPEAKER<br />
Pr<strong>of</strong>. Dr. Lajos Bokros, Member <strong>of</strong> <strong>the</strong> European<br />
Parliament, Brussels, Belgium<br />
Pr<strong>of</strong>. Bokros is Pr<strong>of</strong>essor <strong>of</strong> Economics at Central European<br />
University (CEU) in Budapest and since 2009 Member <strong>of</strong> <strong>the</strong><br />
European Parliament, where he is a Coordinator <strong>of</strong> <strong>the</strong><br />
Budget Committee. Previous positions included Managing<br />
Director <strong>of</strong> <strong>the</strong> Hungarian National Bank, Chairman <strong>of</strong> <strong>the</strong><br />
Budapest Stock Exchange, Minister <strong>of</strong> Finance <strong>of</strong> Hungary<br />
(1995-1996) and Director at <strong>the</strong> World Bank (1996-2004).<br />
1.00 p.m.-1.30 p.m.
Participating Companies<br />
Participating<br />
Companies<br />
<strong>CFO</strong>-Summit
<strong>CFO</strong>-Summit<br />
14<br />
Lead Partner<br />
Commerzbank – an integrated large bank<br />
Commerzbank is <strong>the</strong> second-largest bank in Germany and<br />
one <strong>of</strong> <strong>the</strong> leading financial institutions in Europe. Following<br />
its takeover <strong>of</strong> Dresdner Bank in January 2009, Commerzbank<br />
is <strong>the</strong> leading bank for private and corporate banking<br />
in Germany. The combined new Commerzbank serves almost<br />
15 million customers worldwide.<br />
Commerzbank is a competent provider <strong>of</strong> financial services<br />
for private customers and small- and medium-sized enterprises<br />
(SMEs). It also provides services to many major corporate<br />
customers and multinational enterprises. Commerzbank<br />
aims to be <strong>the</strong> market leader among its core target<br />
groups.<br />
The new Commerzbank<br />
With <strong>the</strong> takeover <strong>of</strong> Dresdner Bank, Commerzbank opens<br />
up a new chapter <strong>of</strong> its corporate history. As <strong>of</strong> 12 January<br />
2009, <strong>the</strong> takeover has been completed and Commerzbank<br />
has become <strong>the</strong> sole shareholder <strong>of</strong> Dresdner Bank.<br />
The leading bank for private and corporate customers in<br />
Germany<br />
The transaction will make Commerzbank <strong>the</strong> leading bank<br />
for private and corporate banking in Germany. With some<br />
1,200 branches, <strong>the</strong> new bank will have <strong>the</strong> strongest<br />
branch network <strong>of</strong> all German banks, and its customers<br />
stand to benefit from an even broader and more attractive<br />
range <strong>of</strong> products and advisory services.<br />
At <strong>the</strong> same time, <strong>the</strong> takeover will enhance Germany’s<br />
standing as an economic and financial centre. The new<br />
Commerzbank will be an even stronger long-term partner<br />
for <strong>the</strong> export-strong SME sector and corporate customers,<br />
combining <strong>the</strong> expertise and clear commitment <strong>of</strong> both<br />
banks to <strong>the</strong> German market under a single ro<strong>of</strong>.<br />
International presence<br />
Today about one third <strong>of</strong> German foreign trade is channelled<br />
through <strong>the</strong> new Commerzbank, <strong>the</strong> leading export<br />
financier for German industry. The bank is directly represented<br />
in more than 40 countries in all major economic and<br />
financial centres as well as through a network <strong>of</strong> more than<br />
6,000 banking relationships worldwide. In central and eastern<br />
Europe Commerzbank is well positioned <strong>with</strong> around<br />
3.5 million customers. In Poland <strong>the</strong> bank holds a 70 per<br />
cent stake in BRE Bank, Poland’s third-largest financial institution.<br />
We will combine <strong>the</strong> experience <strong>of</strong> both banks – in <strong>the</strong><br />
interest <strong>of</strong> our customers<br />
The success <strong>of</strong> our customers has been and will remain <strong>the</strong><br />
benchmark <strong>of</strong> our activities. The new Commerzbank continues<br />
to endorse its tried-and-tested customer-oriented<br />
business model.<br />
Commerzbank AG<br />
Kaiserplatz<br />
60311 Frankfurt/Main, Germany<br />
Contact person<br />
Matthias Langer<br />
Tel.: +49 69 136-28445<br />
Fax: +49 69 136-41208<br />
matthias.langer@commerzbank.com<br />
www.commerzbank.com
Lead Partner<br />
Deloitte & Touche Corporate Finance GmbH<br />
Deloitte provides audit, tax, consulting and financial advisory<br />
services to public and private clients spanning multiple<br />
industries. With a globally connected network <strong>of</strong> member<br />
firms in 140 countries, Deloitte brings world-class capabilities<br />
and deep local expertise to help clients succeed wherever<br />
<strong>the</strong>y operate. Deloitte’s 165,000 pr<strong>of</strong>essionals are committed<br />
to becoming <strong>the</strong> standard <strong>of</strong> excellence.<br />
Multidisciplinary advisory teams from <strong>the</strong> field <strong>of</strong> corporate<br />
finance, particularly from <strong>the</strong> M&A transaction services and<br />
corporate finance advisory sectors, deliver tailor-made solutions<br />
to complex matters pertaining to corporate acquisitions<br />
and sales as well as stock market flotation. In <strong>the</strong> implementation<br />
<strong>of</strong> national and international due-diligence<br />
audits, we support you in <strong>the</strong> early identification <strong>of</strong> opportunities<br />
and risks, as well as <strong>the</strong> analysis <strong>of</strong> factors relevant<br />
to <strong>the</strong> calculation <strong>of</strong> <strong>the</strong> selling price. Our attention is always<br />
focused on individual transaction consultation geared to<br />
your needs and integrated into <strong>the</strong> overall process. This is<br />
rounded <strong>of</strong>f by <strong>the</strong> industry specialisation <strong>of</strong> our consultants.<br />
Deloitte & Touche<br />
Corporate Finance GmbH<br />
Rosenheimer Platz 4<br />
81669 Munich, Germany<br />
Contact person<br />
Alexander Fraess-Ehrfeld<br />
Tel.: +49 89 29036-8475<br />
Fax: +49 89 29036-118475<br />
afraess@deloitte.de<br />
www.deloitte.com<br />
<strong>CFO</strong>-Summit<br />
15
<strong>CFO</strong>-Summit<br />
16<br />
Lead Partner<br />
Nörr Stiefenh<strong>of</strong>er Lutz<br />
Nörr Stiefenh<strong>of</strong>er Lutz is a leading European partnership <strong>of</strong><br />
attorneys, tax advisors and auditors. More than 440 pr<strong>of</strong>essionals<br />
advise companies, financial institutions, wealthy<br />
individuals and public sector entities out <strong>of</strong> 13 <strong>of</strong>fices in<br />
Germany, New York and central and eastern Europe. We frequently<br />
coordinate multi-jurisdictional transactions <strong>with</strong><br />
best friend firms, inter alia from <strong>the</strong> leading international<br />
association Lex Mundi.<br />
Competence in central and eastern Europe: We were<br />
among <strong>the</strong> first western firms to establish <strong>of</strong>fices in central<br />
and eastern Europe starting almost 20 years ago. We have<br />
continuously grown our <strong>of</strong>fices and increased <strong>the</strong> early lead<br />
through experience and networking in industry, politics and<br />
administration. Today, our clients include not only foreign<br />
investors, but increasingly domestic enterprises.<br />
Corporate/M&A practice: Our corporate/M&A and banking/finance<br />
practice is one <strong>of</strong> our core business <strong>with</strong> a<br />
strong focus on transactional advice (including capital markets)<br />
and more than 150 specialists across all our <strong>of</strong>fices, 60<br />
<strong>the</strong>re<strong>of</strong> in our CEE <strong>of</strong>fices.<br />
Experienced and well-established<br />
Each year: more than 300 transactions<br />
Total volume: double-digit billion euro amount<br />
Mergermarket, Thomson Reuters: one <strong>of</strong> <strong>the</strong> top ten<br />
M&A firms<br />
Legal 500 EMEA: ranked first tier for mid-sized M&A<br />
deals<br />
Legal Publishers: many <strong>of</strong> our partners are “leaders in<br />
<strong>the</strong>ir fields”<br />
Strengths<br />
Seamless cooperation <strong>of</strong> international practice groups<br />
and sector teams<br />
Efficient management <strong>of</strong> teams by an experienced<br />
contact partner<br />
Deep knowledge and understanding <strong>of</strong> sectors and<br />
markets from continuous operational advice<br />
The scope <strong>of</strong> our advice includes<br />
Acquisition and sale <strong>of</strong> companies<br />
Auctions/tenders<br />
Mergers and amalgamations<br />
Cooperations and joint ventures, greenfield investments<br />
Privatisation<br />
Private equity and venture capital<br />
Capital markets (IPOs, takeovers)<br />
Reorganisation and restructuring<br />
Legal, tax and financial due diligence<br />
Financing and tax structures<br />
Tax optimisation during acquisitions and sales <strong>of</strong><br />
companies<br />
Transaction management/post M&A integration<br />
Nörr Stiefenh<strong>of</strong>er Lutz<br />
Brienner Str. 28<br />
80333 Munich, Germany<br />
Contact person Czech Republic, Slovakia<br />
Mgr. Jaroslav Melzer<br />
Tel.: +420 233 1121-11<br />
jaroslav.melzer@noerr.com<br />
Contact person Germany<br />
Dr. Christian C.-W. Pleister<br />
Tel.: +49 30 2094-2058<br />
christian.pleister@noerr.com<br />
Contact person Hungary<br />
Dr. Alexander Birnstiel, LL.M.<br />
Tel.: +36 1 22409-00<br />
alexander.birnstiel@noerr.com<br />
Contact person Poland<br />
Dr. Jacek Bak s<br />
Tel.: +48 22 57930-60<br />
jacek.bak@noerr.com<br />
Contact person Romania<br />
Pr<strong>of</strong>. Dr. Jörg K. Menzer<br />
Tel.: +40 21 31258-88<br />
joerg.menzer@noerr.com<br />
Contact person Russia<br />
Dr. Peter Zier<br />
Tel.: +49 89 28628-178<br />
peter.zier@noerr.com<br />
Contact person Ukraine<br />
Dr. Mansur Pour Rafsendjani<br />
Tel.: +380 44 49530-88<br />
mpr@noerr.com<br />
www.noerr.com
Lead Partner<br />
UniCredit Corporate and Investment Banking<br />
The Corporate & Investment Banking (CIB) <strong>of</strong> UniCredit<br />
Group is one <strong>of</strong> <strong>the</strong> two pillars in <strong>the</strong> Corporate & Investment<br />
Banking and Private Banking (CIB & PB) Strategic<br />
Business Area. With a service model for corporate clients<br />
varying by segments – ranging from SMEs to multinationals,<br />
CIB meets <strong>the</strong> demands <strong>of</strong> companies <strong>with</strong> effective, tailormade<br />
solutions by rapidly evaluating <strong>the</strong> requirements <strong>of</strong> an<br />
individual company, its growth potential and <strong>the</strong> markets in<br />
which it operates. CIB is active in a wide-spread network <strong>of</strong><br />
banks, branches and <strong>of</strong>fices from which it can provide an<br />
extensive cross-border reach in Europe and in <strong>the</strong> world.<br />
With 15,000 employees, CIB also serves as <strong>the</strong> group's access<br />
to <strong>the</strong> capital markets, thanks to it being one <strong>of</strong> Europe’s<br />
longest-established investment banking networks. In<br />
2008, total revenues amounted to EUR 6,470 billion and<br />
loans to clients to EUR 325 billion.<br />
CIB completes its range <strong>of</strong> more traditional corporate banking<br />
products <strong>with</strong> fully-fledged investment banking, transaction<br />
banking and leasing services which are provided by<br />
<strong>the</strong> respective product lines. Thus its international platform<br />
<strong>of</strong> core competence products includes acquisition & leveraged<br />
finance, project finance, structured commodity finance,<br />
cash management & eBanking, trade & export finance,<br />
supply chain finance, capital markets, M&A, principal<br />
investments, structured derivatives, rates, FX, equities<br />
and research. Through UniCredit Leasing, we are also Europe’s<br />
main leasing provider, <strong>with</strong> core activities in <strong>the</strong> areas<br />
<strong>of</strong> vehicle, equipment, machinery and real estate. In addition,<br />
we <strong>of</strong>fer a variety <strong>of</strong> value-adding services such as insurance<br />
services, construction and fleet management.<br />
UniCredit Corporate &<br />
Investment Banking<br />
UniCredit CAIB UK Ltd.<br />
Moor House, 120 London Wall<br />
London EC2Y 5ET, UK<br />
Contact person<br />
Sarah Williams<br />
Tel.: +44 207 826-7971<br />
Fax: +44 207 826-7992<br />
sarah.williams@caib.unicreditgroup.eu<br />
www.unicreditgroup.eu<br />
<strong>CFO</strong>-Summit<br />
17
<strong>CFO</strong>-Summit<br />
18<br />
Partner<br />
Klitschko Management Group GmbH<br />
The Klitschko Management Group (KMG) is <strong>the</strong> marketing<br />
and management agency <strong>of</strong> <strong>the</strong> boxing bro<strong>the</strong>rs Vitali and<br />
Wladimir Klitschko. Its Managing Director and Partner is <strong>the</strong><br />
Klitschko bro<strong>the</strong>rs’ long-standing manager Bernd Bönte.<br />
Toge<strong>the</strong>r <strong>the</strong>y have set up a company <strong>with</strong> <strong>of</strong>fices in<br />
Hamburg, Kiev and Los Angeles.<br />
KMG focuses on <strong>the</strong> idea <strong>of</strong> combining Vitali’s and<br />
Wladimir’s personal long-term international marketing<br />
experiences <strong>with</strong> <strong>the</strong>ir Partner’s expertise in areas like<br />
management and public relations. With this interaction <strong>of</strong><br />
knowledge, <strong>the</strong>y <strong>of</strong>fer new and effective solutions, which<br />
include several marketing concepts and integrated, topicrelated<br />
cooperations for companies, brands and personalities.<br />
By doing so, KMG provides comprehensive, integrated<br />
support <strong>of</strong> <strong>the</strong> customer. Through <strong>the</strong> specific teamwork <strong>of</strong><br />
KMG and <strong>the</strong> customer, individual, unique concepts can be<br />
developed into an au<strong>the</strong>ntic, exclusive marketing strategy.<br />
Communications <strong>with</strong> potential sponsors and partners,<br />
negotiation <strong>of</strong> testimonial contracts as well as <strong>the</strong>ir placement<br />
in relevant media are components <strong>of</strong> KMG’s service<br />
range. The company leverages synergies and develops measures,<br />
which can be transferred into an effective strategy.<br />
KMG seeks to support <strong>the</strong>ir customers in an optimal partnership<br />
<strong>of</strong> cooperation in order to let a positive image transfer<br />
take place.<br />
In addition, KMG <strong>of</strong>fers purposeful consultation and support<br />
for companies that would like to expand to eastern<br />
Europe and vice versa. KMG’s portfolio covers consultation<br />
in areas like market analysis and research as well as market<br />
entry and location studies. Fur<strong>the</strong>r, KMG has proven experience<br />
in planning, organisation and execution <strong>of</strong> high-class<br />
events. For instance, a record-breaking 61,000 spectators<br />
followed a Klitschko fight in <strong>the</strong> Veltins-Arena Gelsenkirchen,<br />
Germany, in June 2009 along <strong>with</strong> 11.5 million TV<br />
viewers in Germany (market share <strong>of</strong> 58 per cent) and<br />
broadcasts in more than 110 countries worldwide. In entertainment,<br />
KMG holds <strong>the</strong> exclusive license rights for <strong>the</strong><br />
internationally successful TV format Ukraine’s Next Top<br />
Model, co-produces cinema documentaries and films and<br />
also develops new TV formats.<br />
The already-existing Klitschko bro<strong>the</strong>rs’ agency, K2 Promotions,<br />
also acts under <strong>the</strong> ro<strong>of</strong> <strong>of</strong> KMG and has <strong>the</strong> function<br />
<strong>of</strong> coordinating <strong>the</strong> boxing matches <strong>of</strong> Vitali and Wladimir<br />
and several o<strong>the</strong>r athletes.<br />
Klitschko Management Group GmbH<br />
Borselstr. 28<br />
22765 Hamburg, Germany<br />
Contact person<br />
Bernd Bönte<br />
Tel.: +49 40 25499-4655<br />
Fax: +49 40 25499-4699<br />
b.boente@k-mg.com<br />
www.k-mg.com
Partner<br />
Rödl & Partner<br />
Rödl & Partner was founded by Dr. Bernd Rödl in 1977.<br />
Consisting <strong>of</strong> 3,000 employees in over 40 countries and in<br />
more than 80 locations, domestic and worldwide, it belongs<br />
to <strong>the</strong> top German-speaking consulting firms in <strong>the</strong> areas <strong>of</strong>:<br />
Auditing<br />
Tax consulting<br />
Legal advice<br />
Outsourcing<br />
From <strong>the</strong> start, Rödl & Partner has maintained a follow-up<br />
strategy for German-speaking companies settling abroad.<br />
Our clients are attended by German-speaking contact personnel<br />
in collaboration <strong>with</strong> local pr<strong>of</strong>essionals, a worldwide<br />
network <strong>of</strong> <strong>of</strong>fices, and strong headquarters <strong>of</strong> experienced<br />
specialists.<br />
Rödl & Partner has entered <strong>the</strong> CEE/SEE region as <strong>the</strong> first<br />
German-speaking <strong>of</strong>fice. At present, we maintain <strong>of</strong>fices in<br />
all important regions – from Moscow to Zagreb, from<br />
Prague to Kiev. We are <strong>the</strong>re for your needs!<br />
Our localities <strong>of</strong>fer auditing, tax consulting, legal advice and<br />
outsourcing. Local qualified and interdisciplinary teams engage<br />
in individual case proceedings and project-orientated<br />
due diligences, extending into M&A transactions. International<br />
inquiries receive responses through <strong>the</strong> support <strong>of</strong> our<br />
headquarters as well as via our extensive network. In this<br />
manner, a project leader is always at our client’s disposal.<br />
Fur<strong>the</strong>r information and our subsidiaries can be found at<br />
www.roedl.com<br />
Rödl & Partner<br />
Certified Public Accountants<br />
Tax Consultants<br />
Attorneys-at-Law<br />
Äußere Sulzbacher Str. 100<br />
90491 Nuremberg, Germany<br />
Contact person<br />
Jens Jungmann<br />
Tel.: +49 911 9193-3002<br />
Fax: +49 911 9193-9002<br />
jens.jungmann@roedl.pro<br />
www.roedl.com<br />
<strong>CFO</strong>-Summit<br />
19
<strong>CFO</strong>-Summit<br />
20<br />
Exhibitor<br />
CEU Business School<br />
CEU Business School provides management education<br />
programmes, and is part <strong>of</strong> <strong>the</strong> Central European University,<br />
an American university <strong>with</strong> its campus in Budapest,<br />
Hungary. CEU is accredited by <strong>the</strong> Middle States Association<br />
<strong>of</strong> Colleges & Universities in <strong>the</strong> United States, and is also<br />
accredited as a private Hungarian university.<br />
Our focus on developing transnational leaders delivers<br />
global management <strong>the</strong>ories in <strong>the</strong> context <strong>of</strong> <strong>the</strong> real<br />
issues facing businesses in changing economies. Students<br />
will maximise <strong>the</strong>ir potential among a diverse community,<br />
drawing upon <strong>the</strong> experience <strong>of</strong> <strong>the</strong>ir fellow MBA candidates,<br />
CEU Business School faculty and top executives from<br />
local and multinational organisations.<br />
The Executive MBA Program – “International Master’s in<br />
Management” (IMM) is a joint effort <strong>of</strong> four premier<br />
business schools: Purdue University’s Krannert School <strong>of</strong><br />
Management, Tilburg University’s TiasNimbas Business<br />
School, GISMA Business School, Germany and CEU Business<br />
School. It was ranked No. 1 for “international course experience”<br />
and No. 15 for overall programme content by <strong>the</strong><br />
Financial Times (October 2008) in its worldwide survey <strong>of</strong><br />
executive MBAs. This integrated, modular executive MBA,<br />
which begins in March each year, is for experienced pr<strong>of</strong>essionals<br />
who seek to obtain <strong>the</strong>ir dual degree while maintaining<br />
<strong>the</strong>ir full-time job responsibilities. Rotating on-campus<br />
instructional time is focused into six two-week residential<br />
sessions over 18 months.<br />
The Full-time MBA is a 60-credit degree programme, which<br />
commences in September <strong>of</strong> every year and brings toge<strong>the</strong>r<br />
students from more than 20 countries for an intensive<br />
11-month management education programme. CEU provides<br />
<strong>the</strong> right balance between <strong>the</strong>ory and practice, <strong>with</strong><br />
plenty <strong>of</strong> attention paid to <strong>the</strong> realities <strong>of</strong> <strong>the</strong> emerging and<br />
transition economies <strong>of</strong> <strong>the</strong> region.<br />
The modular Executive MBA, <strong>with</strong> <strong>the</strong> same rigorous<br />
curriculum and <strong>the</strong> same high-quality American degree as<br />
<strong>the</strong> full-time programme, can now be earned on <strong>the</strong> weekends<br />
<strong>with</strong> no career interruption. The programme starts in<br />
January each year and runs in parallel at both <strong>the</strong> Budapest<br />
and Bucharest campuses. Classes run intensively from Friday<br />
afternoon to Sunday noon, once every two to three weeks,<br />
for a total <strong>of</strong> 19 weekends per year. Both MBA programmes<br />
are also fully accredited by <strong>the</strong> Association <strong>of</strong> MBAs.<br />
The school also <strong>of</strong>fers a Master <strong>of</strong> Science in IT Management<br />
programme, a unique <strong>of</strong>fer in this region. It is a USaccredited,<br />
specialised business degree that focuses on <strong>the</strong><br />
relevant management issues in <strong>the</strong> technology and service<br />
disciplines across various industries and provides a unique<br />
blend <strong>of</strong> business management skills development. The MSc<br />
in IT Management is a 30 US credit degree programme, to<br />
be completed in six modules from <strong>the</strong> beginning <strong>of</strong><br />
September through <strong>the</strong> end <strong>of</strong> July.<br />
CEU Business School<br />
Frankel Leo ut 30-34<br />
1023 Budapest, Hungary<br />
Contact person<br />
Andrea Vági<br />
Tel.: +36 1 887-5014<br />
Fax: +36 1 887-5133<br />
info@ceubusiness.org<br />
www.ceubusiness.org
Exhibitor<br />
Prime Communication & Corporate Finance<br />
Consulting GmbH<br />
Prime Consulting has positioned itself as a management<br />
consultancy specialising in all aspects <strong>of</strong> finance-related<br />
communication and corporate finance consulting. In addition,<br />
Prime Consulting is, for <strong>the</strong> first time in Austria,<br />
<strong>of</strong>fering single-packaged advice to clients that embraces all<br />
aspects <strong>of</strong> corporate communication and corporate finance.<br />
Our consultants possess international, sector-specific expertise<br />
and experience. The consulting concepts <strong>of</strong> Prime<br />
Consulting integrate experience and expertise in providing<br />
actionable, workable solutions for accessing capital markets,<br />
coaching, management consultancy, public relations and<br />
investor relations.<br />
Our services tailor solutions to customer specific needs –<br />
<strong>the</strong>se are founded on long-term experience in dealing <strong>with</strong><br />
media agents covering all aspects <strong>of</strong> capital markets.<br />
Philosophy<br />
Jointly engage on behalf <strong>of</strong> our clients to spearhead<br />
effectiveness and efficiency – this is <strong>the</strong> central philosophy<br />
<strong>of</strong> Prime Consulting.<br />
We <strong>the</strong>refore combine our individual skills <strong>with</strong> <strong>the</strong> aim <strong>of</strong><br />
tailoring packaged products to suit our clients’ needs. Consequently,<br />
we view personnel counselling and comprehensive<br />
servicing as central attributes <strong>of</strong> <strong>the</strong> partnership <strong>with</strong><br />
our clients.<br />
Prime Consulting <strong>of</strong>fers integrated consultancy <strong>of</strong> corporate<br />
finance, corporate recovery, investor relations, credit relations<br />
and corporate governance.<br />
Assets<br />
Prime Consulting is <strong>the</strong> ideal partner for companies for consultation<br />
in all areas related to raising equity or loans and<br />
<strong>the</strong> subsequent communication to <strong>the</strong> financial community.<br />
Range <strong>of</strong> services<br />
Corporate finance<br />
Mergers & acquisitions, capital markets, private placements<br />
Corporate recovery<br />
Restructurings, interim management, Basel II consulting<br />
Corporate governance<br />
Realisation and implementation, adoption <strong>of</strong> tasks and functions <strong>of</strong> <strong>the</strong><br />
supervisory board<br />
Investor relations<br />
Credit relations<br />
Public relations<br />
Networking<br />
Lobbying<br />
Prime Communication & Corporate<br />
Finance Consulting GmbH<br />
Währinger Str. 2-4<br />
1090 Vienna, Austria<br />
Contact person<br />
Mag. Albert Haschke<br />
Tel.: +43 1 3172582-13<br />
Fax: +43 1 3172582-20<br />
haschke@prime.co.at<br />
www.prime.co.at<br />
<strong>CFO</strong>-Summit<br />
21
<strong>CFO</strong>-Summit<br />
22<br />
Cooperative Partner<br />
BEITEN BURKHARDT<br />
BEITEN BURKHARDT is an independent commercial law<br />
firm. We have over 360 attorneys and tax advisors working<br />
in six countries in Europe and Asia, which makes us an international<br />
law firm <strong>with</strong> European traditions.<br />
BEITEN BURKHARDT has 13 <strong>of</strong>fices in total, all <strong>of</strong> which<br />
comprise our closely integrated system. Five <strong>of</strong> our <strong>of</strong>fices<br />
are located in major business and financial centres in<br />
Germany, such as Berlin, Düsseldorf, Frankfurt/Main,<br />
Munich and Nuremberg. Our o<strong>the</strong>r eight <strong>of</strong>fices are located<br />
in Beijing, Brussels, Hong Kong, Kiev, Shanghai, Moscow,<br />
St. Petersburg and Warsaw.<br />
In May 2004, <strong>the</strong> firm opened its first <strong>of</strong>fice in Ukraine.<br />
Immediately upon <strong>of</strong>ficial opening, <strong>the</strong> Kiev <strong>of</strong>fice <strong>of</strong><br />
BEITEN BURKHARDT became legal advisor in <strong>the</strong> country’s<br />
major transactions. Assisting high-pr<strong>of</strong>ile companies operating<br />
in <strong>the</strong> Ukrainian market, <strong>the</strong> firm renders a wide range<br />
<strong>of</strong> legal services pertaining to local and international legislation.<br />
BEITEN BURKHARDT, in addition to having a number <strong>of</strong><br />
own <strong>of</strong>fices, has built solid business relationships <strong>with</strong> many<br />
law firms throughout Europe, thus securing its presence in<br />
all major European business and financial centres.<br />
Our main global practice areas include foreign investments,<br />
corporate and commercial law, mergers and acquisitions,<br />
real estate, banking and finance, tax and labor law, public<br />
and procurement, intellectual property and information<br />
technology.<br />
We have proven experience in various industry sectors<br />
including <strong>the</strong> automotive, banking, brewing, chemical, civil<br />
and mechanical engineering, electronics, healthcare and<br />
pharmaceutical, life sciences, media, metallurgy, publishing,<br />
retail, telecommunications, tourism and sports.<br />
For more detailed information about BEITEN BURKHARDT,<br />
our <strong>of</strong>fices and attorneys, please visit our website at<br />
www.beitenburkhardt.com<br />
BEITEN BURKHARDT<br />
Attorneys-at-Law<br />
38 Turhenevska St.<br />
01054 Kiev, Ukraine<br />
Contact persons<br />
Felix Rackwitz<br />
Dr. Julian Ries<br />
Tel.: +380 44 49404-00<br />
Fax: +380 44 49404-01<br />
Felix.Rackwitz@bblaw.com<br />
Julian.Ries@bblaw.com<br />
www.beitenburkhardt.com
Cooperative Partner<br />
The Vienna Stock Exchange<br />
The Vienna Stock Exchange, which was founded in 1771, is<br />
one <strong>of</strong> <strong>the</strong> oldest stock exchanges in <strong>the</strong> world, but today,<br />
it is a modern, customer and market-oriented financial service<br />
company. It operates <strong>the</strong> only securities exchange in<br />
Austria. The principal task <strong>of</strong> <strong>the</strong> exchange is to ensure <strong>the</strong><br />
smooth and efficient execution <strong>of</strong> exchange transactions<br />
and to act as an intermediary for market participants by<br />
operating internationally recognised, electronic trading systems.<br />
The Vienna Stock Exchange also makes <strong>the</strong> data and<br />
information on all securities trading in Austria available. The<br />
core business <strong>of</strong> <strong>the</strong> exchange is <strong>the</strong> operation <strong>of</strong> a cash<br />
market (equity market, bond market), a futures market as<br />
well as a market for trading in structured products.<br />
Additional services include data vending, index management<br />
and specialised financial market seminars and training<br />
courses.<br />
Strategic goals <strong>of</strong> <strong>the</strong> exchange operating company,<br />
Wiener Börse AG<br />
The principal objectives <strong>of</strong> <strong>the</strong> Vienna Stock Exchange as <strong>the</strong><br />
driving force behind a transparent Austrian capital market<br />
comprise continuous efforts for <strong>the</strong> establishment <strong>of</strong> framework<br />
conditions supportive <strong>of</strong> <strong>the</strong> capital market and <strong>the</strong><br />
ongoing development <strong>of</strong> investment culture in Austria. The<br />
Vienna Stock Exchange works to heighten interest in <strong>the</strong><br />
Austrian capital market among private and institutional investors<br />
in Austria as well as among international investors<br />
and trading participants.<br />
Additionally, <strong>the</strong> strategic objective <strong>of</strong> <strong>the</strong> Vienna Stock<br />
Exchange as one <strong>of</strong> <strong>the</strong> leading stock exchanges in central<br />
and eastern Europe and as <strong>the</strong> majority owner <strong>of</strong> <strong>the</strong> three<br />
neighbouring stock exchanges <strong>of</strong> Budapest, Ljubljana and<br />
Prague is to streng<strong>the</strong>n, advance and internationally position<br />
<strong>the</strong> entire CEE capital market. It cooperates closely <strong>with</strong><br />
many stock exchanges in <strong>the</strong> region – also <strong>with</strong>out participating<br />
interests – in <strong>the</strong> areas <strong>of</strong> index development and<br />
data vending as well as many o<strong>the</strong>r capital market projects.<br />
Wiener Börse AG<br />
Wallnerstr. 8<br />
1014 Vienna, Austria<br />
Contact person<br />
Beatrix Schlaffer<br />
Tel.: +43 1 53165-131<br />
Fax: +43 1 53165-140<br />
beatrix.schlaffer@wienerborse.at<br />
www.wienerborse.at<br />
<strong>CFO</strong>-Summit<br />
23
www.cfo-summit-ee.com | www.finance-ee.com<br />
Flidr, <strong>CFO</strong> <strong>of</strong> Aero Vodochody<br />
“We Learned to Take a More<br />
Economic View <strong>of</strong> Things”<br />
Page 12<br />
Corporate Finance in Emerging Europe<br />
Risk<br />
Reconsidered<br />
Public Private Partnerships<br />
Plenty <strong>of</strong> Problems at<br />
Present<br />
Page 36<br />
Currency hedging<br />
after <strong>the</strong> crisis<br />
Import Finance<br />
Credit Insurance Gets<br />
Harder to Obtain<br />
Page 52<br />
September | 2009<br />
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