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NEWS

October/November 2013 www.esb.ie/em

Some members of the PBF team, including (front row l-r): Bernie Brennan, Ian Martin and James Treacy. Back row (l-r): Trent Hsiao, Conor O'Brien and Jim Boyle.

Niall Hogan, FiTP Programme Manager, pictured with Programme Sponsor Donal Flynn, Executive Director, Group Finance and Commercial.

Members of the FiTP Board, including (front row l-r): Shana Dillon, Niall Hogan and Niall Dineen. Back row (l-r): Cathal Marley, Adrian Kelly, Caitriona Kinsman and Arthur Hutchinson. Missing from photo is Gavan Walsh.

Members of the Reporting team, including (l-r): Emer Walsh, Sasidhar Nuthalapati, Stephen Allen, John Goodman, Declan Furlong, Diarmuid Fenelon, Steven Jennings, Denise Enright and Daniel Ebobola.

Members of the FiTP team who were involved in the roll-out of the new finance processes, including (l-r): Bernard Murray, Bernie Behan, Deirdre McNamee, Leon Brinkley, Niamh Curtis, John O'Sullivan, Susan Garrett and Jennifer Miley.

24-month rolling forecasts and top-down target setting and planning.

“Add to that the enhanced governance framework and system control measures which were introduced by the Programme, and it is clear to see that ESB Finance has now strengthened its position of providing financial leadership to the Group,” adds Niall.

TRANSITION - FROM PROJECT TO BUSINESS-AS-USUAL

As the Finance Transformation Programme comes to a close, Donal Flynn, Executive Director Group Finance and Commercial, will be working closely with his Senior Managers to ensure that Finance's strategic objectives remain true to the vision for Finance setout at the start of the Programme. “The goal now is to ensure that our new way of working is embedded across ESB as part of the standard way we do business,” says Donal.

FINAL THOUGHTS - A WORD OF THANKS

“What has been achieved during this and earlier phases of the Programme has been fantastic. Change is not easy but Finance staff in collaboration with our colleagues in IT, HR, Facilities and many other parts of the Group have achieved a lot. Together we introduced a new finance operating model, designed and implemented new finance processes and deployed new finance systems. All of this is consistent with Finance's vision to sustain ESB's financial strength through a combination of people, process and technology,” concludes Niall Hogan.

“I'd like to thank and congratulate everyone who has contributed to the success of the Finance Transformation Programme including those who have worked directly on the project team, everyone across Finance who have participated in everything from workshops to testing, and all the resources outside of Finance who have supported the Programme along the way, especially ITS. Without such support we wouldn't be able to get a project of this magnitude successfully over the line,” adds Donal Flynn, Executive Director, Group Finance & Commercial.

ESB FINANCE'S STRATEGIC OBJECTIVES:

▸ Working as one finance team

▸ Delivering for the business

▸ Applying efficient tools and processes

▸ Managing risk effectively