Carve-Out Treasury Separation Leader — Specialty Chemicals

The mandate

The divested business depends on group cash pools, payment factories, guarantees, intercompany funding, foreign-exchange hedges and bank connectivity across twelve entities. Its treasury-separation lead began unplanned medical leave five months before completion. Legal separation may proceed only if cash visibility and authority work independently while seller protections and transitional services remain controlled.

The interim must start within ten days for nine months, owning treasury disentanglement, Day-One readiness, two post-close liquidity cycles and successor induction. Permanent recruitment begins once bank-account and authority design is approved. Five weeks are protected for overlap; the role will not extend for refinancing, general finance transformation or acquisitions beyond the signed divestiture perimeter.

Handover requires funded opening balances, operational standalone accounts, tested signatories and payments, separated or documented cash pools, allocated guarantees and hedges, approved TSA flows, daily liquidity visibility and two reliable post-close cycles. The successor must command an unseen bank-access and trapped-cash event, with remaining guarantee, tax and counterparty dependencies accepted.

The leader may prioritise account opening, set delegated payment controls, allocate approved liquidity, execute authorised hedge and bank transitions, stop unsafe cutover activity and direct the €14 million separation budget. The Group Treasurer and boards retain financing, policy, material hedge and guarantee release decisions. The interim cannot renegotiate sale consideration, refinance unapproved debt, appoint permanently or exceed delegation.

Tax structuring, legal-entity separation outside treasury and commercial negotiation with the buyer are excluded. The authority may require finance and systems interfaces but does not own broad ERP or shared-service migration. The mandate is bounded to cash, payments, funding, financial risk and bank-control continuity through divestiture and permanent succession.

Why this seat is open

Unexpected leave removed the executive carrying bank, buyer and business knowledge during the most time-sensitive separation window. Treasury cannot divide gradually when legal ownership changes on one day. A temporary leader must complete the cutover, prove independent liquidity operation and hand to a permanent owner after two stable cycles.

What you will own

• Separate accounts, signatories, e-banking, payments, cash positioning, forecasting, intercompany funding, guarantees and hedges by entity.
• Decide cutover sequence and contingency for banks, currencies and countries with different documentation and activation lead times.
• Reconcile opening cash, debt, accrued interest, pool positions, hedge designation, collateral and restricted balances.
• Establish payment authority, sanctions screening, fraud controls, emergency access and seller TSA evidence for Day One.
• Command rehearsals for bank rejection, delayed account, trapped cash, unavailable signer, failed payment file and hedge mismatch.
• Govern guarantee replacement and release without exposing seller or buyer to unapproved contingent obligations.
• Transfer command through two liquidity cycles and successor acceptance of bank, guarantee, tax and systems limitations.

Candidate qualifications

• Held executive treasury-separation authority in a multi-country industrial carve-out through legal close and post-close stabilisation.
• Opened and migrated bank accounts, signatories, payment channels, cash pools, funding, guarantees and hedges under fixed deadlines.
• Reconciled opening liquidity and financial-risk positions across seller books, banks, transaction documents and buyer requirements.
• Designed fallback for delayed accounts, trapped cash, failed connectivity and unavailable signers without weakening fraud control.
• Worked with tax, legal, banks and transaction teams while preserving board financing and sale-agreement decision rights.
• Handed standalone treasury to permanent leadership after live liquidity cycles and adversarial cutover exercises.

Non-negotiables

• Available within ten days for exclusive Rotterdam service through legal completion and two post-close cycles.
• Has personally led cross-border treasury separation; routine cash management or finance PMO experience is insufficient.
• No undisclosed relationship with the buyer, transaction banks, hedge counterparties or treasury-system suppliers involved.
• Will delay treasury cutover where account, authority or liquidity evidence cannot support safe legal separation.

1. 49 words maximum. State your Rotterdam availability and one carve-out treasury cutover you led through legal completion.
2. 49 words maximum. How did you preserve payment control when a critical country account opened late?
3. 49 words maximum. Which unseen trapped-cash event would qualify the permanent treasurer before handover?