Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

EHAB M. ROCHDY

Chief Financial Officer
Cairo

Summary

With over 30 years of experience, I bring extensive background expertise in the GSM telecom industry, the financial industry sector and other diversified industries. I am currently serving as the group Chief Financial Officer (CFO) of E& Etisalat Egypt and its subsidiaries. In this role, I oversee the finance functions of five subsidiaries across diverse sectors, including online payment, Microfinance, Business process outsourcing and Entertainment. Where I set strategic objectives for the company and efficiently direct the finance departments of both the parent company and its subsidiaries. As a board member of all the company subsidiaries, I play a key role in steering the organization towards a sustainable future by driving strong governance and sound financial management policies. In addition, I oversee cross-sell and up-sell all facets of the cross-sell and upsell techniques, ensuring the achievement of the maximum ROI. With business objectives at the core, I leverage my expertise to accelerate growth and create long-term value.

Overview

37
37
years of professional experience
2
2
Certifications

Work History

Chief Financial Officer (CFO)

E& Egypt (Etisalat Egypt)
09.2008 - Current
  • Co-created the company’s strategy with the management team, and set a strategic vision to achieve our shared targets to meet current and future financial needs.
  • Set strategy, manage, and run the finance department and all units within, including Financial Accounting, Costing and Performance, Treasury and Corporate Finance, Revenue Assurance and Fraud Management, Budgeting, Reporting, Strategic Financial Planning, and Decision Support.
  • Developed Etisalat Egypt's financial policies and maintained systems of internal controls to safeguard the organization's financial assets, protecting the company through effective and efficient monitoring of revenue leakage and detecting fraudulent activities.
  • Lead the company and its subsidiaries' yearly budget, forecast exercises, and long-term business plan, and ensure their full alignment with the company’s strategic objectives and shareholders' guidelines.
  • Recommend financial evaluations to the board for new investment opportunities, and develop new business models that meet local needs, and future changes.
  • Review the monthly financial performance of Etisalat Egypt and its subsidiaries to ensure achieving business targets.
  • Present Etisalat Misr's consolidated financial results to the Etisalat Misr board, executive committee, and internal audit committee on a quarterly and monthly basis.


Key Achievements

  • Developed a cohesive tax strategy leading to EGP 1.5 billion in tax and regulatory savings for the first time in telecom history.
  • Review and approve the feasibility studies of commercial tariffs and products before going to market.
  • Provide a profitability analysis for each product by availing a full reporting pack that includes all commercial KPIs per product/tariff.
  • Arranged one of the biggest long-term financing deals (EGP 7.2 billion), which was considered one of the biggest syndication deals in the Middle East in 2010, and the largest corporate syndication deal ever in the Egyptian market within the telecom market in Egypt.
  • Successfully steered the company’s cost optimization plans, which resulted in significant savings to achieve the company’s targets.
  • Prepare the company for the IPO, and perform various valuation techniques with Etisalat Egypt Investment Bank.
  • Participated in completing a full integration of four Internet Service Provider companies acquired by Etisalat Egypt.
  • Successfully launching two new companies complementing Etisalat Egypt's core business.
  • Lead the digital transformation across the finance functions.

Chief Executive Officer

Etisalat Global Services
06.2009 - 01.2023
  • Lead executive team to set and advance our strategic business drivers that drive digital transformation for clients around the world.
  • Manage the executive team to oversee operations and teams to deliver on our strategy.

Vice President, Chief Financial Officer, Company Secretary

Pakistan Mobile, An Orascom Telecommunication Company
06.2003 - 06.2008
  • Set the strategy and manage the respective departments to achieve the company objectives: corporate accounting, budgeting and forecasting, revenue assurance, taxation, treasury and corporate finance, procurement, logistics, internal audit, business process re-engineering (BPR), and legal affairs.
  • Revamped the existing finance processes, and introduced new processes and ERP systems to establish an efficient and effective finance department.


Key Achievements

  • Supported management to grow the business more than 30 times in less than four years.
  • Improved credit rating of Mobilink from S&P and Moody's, one notch better than the sovereign rating.
  • Managed in-house the acquisition of four companies for the Broadband/WiMax business, with a total value of $25 million.

General Accounting Senior Manager

Vodafone Egypt
10.1998 - 05.2003
  • Managed financial departments, including General Ledger, Accounts Payable, Fixed Assets, Contracts, and Payroll, ensuring all company payments are made on time and liabilities are properly stated.
  • Provide all financial reports and analyses—both internally and externally—and hold monthly review sessions with Vodafone UK to ensure alignment.

Senior Auditor

Ernst & Young
03.1992 - 09.1998
  • Planned the audit, reviewed internal controls, accounting system, and financial statements. This was reported on a number of major clients.

Senior Auditor

Arthur Anderson & Co
02.1989 - 02.1992
  • Responsible for auditing different types of industries, such as banks, oil and gas, hotels, trading, and construction companies.

Education

Bachelor of Commerce - Accounting section

Cairo University
01.1986

Skills

  • Financial Planning and Risk Management
  • Merger and Acquisition
  • Fund Raising
  • Corporate Governance
  • Due diligence, Tax and Audit Compliance
  • Oversee and Direct Business Operations
  • Establishing and Leading strong Finance Function
  • Treasury Strategy Revenue Growth Strategy

Certification

Certified Public Accountant (CPA) - Colorado State Board of Accountancy

Timeline

Chief Executive Officer

Etisalat Global Services
06.2009 - 01.2023

Chief Financial Officer (CFO)

E& Egypt (Etisalat Egypt)
09.2008 - Current

Vice President, Chief Financial Officer, Company Secretary

Pakistan Mobile, An Orascom Telecommunication Company
06.2003 - 06.2008

General Accounting Senior Manager

Vodafone Egypt
10.1998 - 05.2003

Senior Auditor

Ernst & Young
03.1992 - 09.1998

Senior Auditor

Arthur Anderson & Co
02.1989 - 02.1992

Bachelor of Commerce - Accounting section

Cairo University
EHAB M. ROCHDYChief Financial Officer