Interim CFO for Danish Manufacturer on the Global Market
A key part of the assignment was ensuring compliance with U.S. stock exchange regulations. With an American publicly listed parent company, a wide range of rules applied regarding reporting, deadlines, and corporate governance.
- CLIENT: BLÜCHER
- DURATION: 6 MONTHS
- POSITION: INTERIM CFO
The Starting Point
BLÜCHER’s CFO had decided to pursue new opportunities outside the organization. The company did not want to rush the process of finding a new permanent CFO but still needed a highly competent finance professional who could lead the department, manage reporting to the U.S. owners, and continue developing the finance function until a long-term solution was in place.
BLÜCHER reached out to Nextt & Mason for assistance with this assignment.
““We had a good dialogue with Christian from Nextt & Mason, and with a detailed description of the position and requirements, they were able to present several interesting candidates,“
The Beginning
For Kasper Rasmussen, the task was clear. BLÜCHER needed a strong finance profile who could set direction and make decisions. A CFO who could complement and strengthen the executive management team with solid financial expertise and a broad financial toolbox.
“”An important part of the job was compliance with U.S. stock exchange regulations. With an American publicly listed parent company, there are numerous rules regarding reporting, deadlines, and corporate governance“
Relations and Expectations
It proved to be a great match. Both Henrik as CEO and Kasper as interim CFO agreed that there was an excellent fit between the company, the tasks, and the responsibility on one side — and the interim manager on the other. Expectations were quickly aligned, and values and priorities discussed to ensure the best possible results and a smooth interim process.
“”We agreed on openness and honesty in everything we did and said. This, together with mutual professional and personal respect, had a positive effect on the results. Kasper fulfilled the role completely and was also a valuable sparring partner in daily operations. The company gained a competent CFO — and the employees, a strong leader. In addition to daily tasks, Kasper and the team implemented several new process and reporting tools from our wish list,”
Listed Parent Company
Being part of a U.S. publicly listed group comes with additional processes and reporting requirements — more extensive than those in a privately held company.
“”As an interim, I always want to make a difference — leave my mark and make things move forward. For me, an interim position is just like a permanent one: I take full ownership and responsibility for the people and the company I serve. My 100% focus is on the assignment, and I do my absolute best to deliver results within the agreed timeframe"
About BLÜCHER
BLÜCHER was founded in 1965 by Danish plumber Johannes Blücher Skibild, who produced stainless steel drainage solutions for the Scandinavian housing market. Today, BLÜCHER develops, manufactures, and sells drainage products and solutions — pipes, fittings, floor drains, channels, roof drains, marine drains, and penetrations — for industries such as offshore, marine, food and beverage, pharma, residential, hospitals, and hotels. BLÜCHER has around 400 employees and is part of the U.S.-listed group Watts Water Technologies, traded on the New York Stock Exchange.
