BearingPoint has appointed Andreas Flach as its new Chief Financial Officer (CFO). Flach succeeds Dolf Smeets, who will step down and retire from the management and technology consultancy next year.
Andreas Flach has over 25 years of experience in finance. Prior to joining BearingPoint, he was Group Finance Director at Deutsche Vermögensberatung and CFO of Deutsche Verrechnungsstelle Mittelstand. He previously worked more than ten years in the accounting and consulting industry. At BDO he was a Partner and served several large clients, including BearingPoint – Flach was BDO’s responsible Partner in charge of the audit of the consolidated financial statements of BearingPoint. At EY he was a Partner in Berlin, and also served as Head of the German Business Center for EY in India for four years.
In his new role as CFO, Flach will oversee BearingPoint’s financial operations and be based in Amsterdam (where the firm is headquartered) and Berlin. “I am truly delighted that Andreas will become our new CFO. He has an outstanding track record in finance and is an exceptional leader,” comments 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,” remarks Flach.
Looking ahead, BearingPoint has set the ambition to grow its revenue to €1 billion by 2020. Mockler says Flach will play a “key role” in helping the consultancy reach its goal, adding that he would like to thank Dolf Smeets for his strong performance since the management buyout in 2009 and commitment to the firm. As part of its expansion drive, BearingPoint last month added 20 new Partners (in 6 countries) to its leadership.