CV Khalid Essardaoui


CFO with more than 10 years of international experience within multinational companies. Increasing organisation efficiency through digital transformation and process re-engineering. Strategic Partner, helping organisation designing and implementing Corporate and Business strategies to achieve sustainable and profitable growth.

- M&A and Strategic Joint Venture
- Corporate & Business Strategy
- US Certified Public Accountant (US CPA)
- Executive MBA from HEC Paris, #1 EMBA FT 2019 ranking
- Strategic Financial Planning and Analysis
- Information Systems implementation (SAP, Oracle, and AX)
- IFRS expert and US GAAP knowledge
- Long-term projects controlling/accounting
- Industrial manufacturing financial management
- Operations financial management
- Financial risks management
- Treasury management
- Internal control and compliance
- Bids and Variation Orders management
- Multi-Billion USD Financing
- Leading digital transformation
- Native French, English fluent, Arabic & Spanish basic

Expériences professionnelles

Chief financial officer

Public Transport Company , Riyadh

De Décembre 2019 à Aujourd'hui

• Appointed by SAPTCO and RATP Dev as CFO of their Joint Venture PTC. PTC executes an 8 Billion SAR (2BUSD) project for the procurement, operation, and maintenance of the Riyadh Bus Network (80+ Routes, 1000+ vehicles, 4000+ employees).
• Implementing Oracle EBS as company ERP and building Finance and Procurement Policies and Procedures.
• Building and Leading the Finance team (17 persons, designing the organization and recruiting talent).
• Leading the elaboration of PTC Strategic Business Plan, and the monthly Board reports. Ensuring accurate variances analysis, comments, and reforecast on main key figures. Providing valuable insights to the Board.
• Directing project control: cost allocation, commitments, project financing, hedging (rates and forex), variation orders, invoicing, and sales recognition under IFRS15 and IFRIC12.
• Leading project reviews to ensure accuracy of project Estimation At Completion (EAC) and risks management.
• Leading the team in accounting, controlling, financial planning & analysis, reporting, and procurement.

Chief financial officer

Legrand France , Jeddah

De Août 2019 à Décembre 2019

• Appointed CFO (Consultant) of Legrand Transformer and Busway factory with particular emphasis on solving industrial costing and pricing issues.
• Conducted an in-depth analysis of the actual costing versus standard costing by products, as well as the full cost structure of the factory.
• Led a complete review of Microsoft AX ERP settings, especially those related to inventories and costing.
• Performed an audit of the Pricing tool and the accuracy of the expected margins versus the actual ones.
• Delivered a set of recommendations to improve the company profitability.


Saudi Arabia Military Industries (SAMI) , Riyadh

De Août 2018 à Août 2019

• Approached by SAMI to establish the Group Finance Department, to build 20+ Strategic Joint Ventures, and to help in the acquisition of 6 companies. SAMI is 100% owned by the Saudi Public Investment Fund (PIF) and was established with the objective to localize 50% of Saudi Arabia military spending (Vision 2030).
• Implemented Oracle Fusion as company ERP and built Finance and Procurement Policies and Procedures.
• Participated in the M&A activities for the acquisition of established Defense companies (0.5 to 3 Billion SAR deals).
• Participated in the negotiation and creation of 20+ strategic Joint Venture with various Defense OEMs.
• Built business cases for multi-billion USD mega projects bids (Bid strategy, Financing, Localization, Contractual Scheme…).
• Built relationship with key stakeholders: Business Partners (OEMs), Banks, and Governmental authorities (PIF, MOD, GAMI).
• Led the team (as Acting Head of Finance) in accounting, controlling, financial planning & analysis, reporting, and procurement.

Chief financial officer

Advanced Arabian Simulation Company (AASC) , Riyadh

De Décembre 2015 à Août 2018

• Appointed as CFO to be responsible of the full Profit & Loss of THALES joint venture specialized on simulation business in Middle East. Specific focus on monitoring large and complex projects such as Airbus A330-200 MRTT Simulator, Sagittarius Shooting Simulators, and Support contracts for Salam project (Eurofighter Typhoon Aircraft).
• Delivered in close partnership with AASC CEO, Sales team from AASC, THALES UK and AEC, a 5 years Strategic Business Plan.
• Board meetings, communicated financial performance, projections and provided insights to Board members.
• Ensured consistency and accuracy of the financial information declared and communicated to stakeholders such as Shareholders, Key Industrial Partners, Tax advisors, internal and external auditors, Banks, and Governmental authorities.
• Led the implementation of IFRS and VAT, ensured appropriate involvement of other departments.
• Managed team in accounting, tax, project controlling, financial planning and analysis, and reporting.

Chief financial officer

Thales , Riyadh

De Août 2013 à Août 2018

Chief Financial Officer
2015 – 2018
• Promoted CFO of THALES Saudi Arabia with emphasis on new Information Systems implementation, and finance department transformation. Present in KSA since 1981, THALES delivered several multi-billion SAR projects in Saudi Arabia, in the Defense and Civilian sectors, such as the Crotale Air Defense Systems and the North-South-Railways projects.
• Led the elaboration of the Strategic Business Plan (5 years), the Multi Year Budget (3 years), and the monthly management reports. Ensured accurate variances analysis, comments, and reforecast on main key figures.
• Directed projects control: cost allocation, commitments, variation orders, invoicing, and sales recognition under IAS11, IAS18 and IFRS15. Led project reviews to ensure accuracy of project Estimation At Completion (EAC) and risks management.
• Overseeing budgetary control: CAPEX/OPEX analysis by department, labor rates and other standard rates calculations, overhead determination and associated analysis and reporting.
• Led a team of 12 in accounting, controlling, financial planning & analysis, reporting, bids, and sales operations.
• Appointed Chief Financial Officer of Advanced Arabian Simulation Company (AASC). AASC is a joint venture between THALES and Advanced Electronic Company (AEC) specialized on simulation business in Middle East.

Financial Controller
2013 – 2015
• Approached by THALES to establish a Country Controlling function, to ensure the coherence and the consistence of the consolidated financial information of the 4 entities having activities in Saudi Arabia. 14 Business Lines (BL) from 6 Global Business Units (GBU) are having domestic activities in Saudi Arabia through the local THALES entities.
• Implemented innovative BI tools to consolidate and return financial information by projects, companies, and business lines.
• Led the controlling & reporting process in this complex and matrix organization, including monthly reports to HQ in France.
• Led the local implementation of the group strategy “Ambition 10”, and its mid-term performance plan “Ambition Boost”.
• Led the Internal Control process. Provided financial management and accounting support to the 2 THALES Joint Ventures.

Chief financial officer

G4S , Djibouti

De Mars 2013 à Août 2013

• Appointed by G4S Middle East as Finance Director (Consultant) for Djibouti Office with principal mission of solving profitability issues.
• Performed an audit of the company Financials, especially the current contracts being delivered and their respective costs and revenues.
• Conducted an in-depth analysis of the current Proposals, especially their Pricing assumptions and the expected margins accuracy.
• Led full review of the Company Strategic Plans and Long Term Financial Projections.
• Delivered a set of recommendations to improve the company profitability.

Finance manager

Fives , Paris

De Juin 2011 à Mars 2013

• Appointed as Project Finance Manager for the 4 large contracts awarded to Fives Group by Maaden & Alcoa. Contracts were related to the delivery of 4 turnkey components for the world largest integrated aluminum smelter complex in Ras Al Khair KSA: Liquid Pitch Terminal, Green Anode Plant, Gas Treatment Center, and Holding Melting Furnaces.
• Participated in the establishment of the company in Saudi Arabia focusing on the Financial, Fiscal, Legal and HR aspects.
• Partially based on Site, interfaced between field and Headquarters in Al-Khobar, France and UK.
• Implemented financial processes to ensure compliance with group policies, and with local & international regulations.
• Managed the finance team for project accounting & controlling, risks management, and monthly closing and reporting.


Grant Thornton , Neuilly sur seine

De Septembre 2010 à Juin 2011

• Joined Grant Thornton, the fifth largest accounting firm in France as Financial Auditor at Besancon office.
• Reviewed the internal control within large organizations required to comply with US GAAP and IFRS.
• Performed financial audit of various companies across sectors: manufacturing, services, insurance, construction. Turnover up to 200 M€. Audited all cycles: P&L analytical review, Receivables, Payables, Payroll, Taxes, Fixed Assets, Equity, Stocks.
• Participated in the deployment of our Data Analytics Services to our clients.
• Supervised teams of trainees and juniors on audit missions. Ensured high quality work and efficient usage of resources.

Financial controller

Ineo , Paris la defense cedex

De Septembre 2009 à Septembre 2010

• Recruited by INEO, a subsidiary of GDF SUEZ Group (ENGIE), to assist the Financial Controlling Director on SAP ERP system implementation and the launch of a 15 years PPP contract with the city of Beaune in France.
• Participated in SAP implementation as company ERP, key user for FI, CO, PS, MM and SD modules.
• Participated in the implementation of the 15 years PPP contract with the city of Beaune for the public lighting, created procedures and dashboards to monitor the project financial performance and risks.
• Coordinated the Budget, Forecast, monthly closing and reporting for 5 profit centers.
• Improved financial processes and internal control within the organization with a focus on supply chain.

Formations complémentaires


IAE Dijon - Finance

2008 à 2010


University of Dijon - Administration, Accounting and Finance

2004 à 2008

Parcours officiels



Français - Langue maternelle

Anglais - Courant

Arabe - Technique

Espagnol - Notions


Mergers & Acquisition
Financial Forecasting
Business Plans
Business Strategy
Corporate Strategy
Joint Ventures
Middle east
Project Control
Standard Costing
Bid Management
Microsoft AX
Internal & External Audit
Internal control
reporting & Consolidation