Passat is a French-German company, with a clear leadership position in video-assisted sales of innovative consumer products. Passat possess video point-of-sales presence in all major French supermarket chains. It is credited for having introduced several blockbusters on the market, notably in the house are and toys segment. Passat is a publicly traded company on the Paris stock market, and is also present in southern Europe.
« Everyday counts. For us, leaving the CFO position vacant for an extended period of time was out of the question. InSYNC was recommended by a leading private equity firm. We hired Eric Fanton to occupy the CFO position, introduce new practice and recruit his successor.
Our assessment of his intervention is as follows.
• E. Fanton covered flawlessly all aspects of the CFO position, which is critical for the company. In particular, he gained the trust of the accounting staff and efficiently led the yearly book closing.
• He brought in original point of views on several practice and made many players of the company aware of the necessity to change their ways.
• He went beyond business-as-usual, introduced new managerial accounting vision, and initiated projects that we will pursue.
• Last he brought a significant boost to our IT department, by coaching the young CIO, identifying outdated and dysfunctional areas, and initiating their overhaul.
In conclusion, one expects from a transition professional an ability to quickly immersed himself in an organization, quickly bring an acceleration, and leave just as quickly when required. Eric Fanton perfectly met that expectation. »