Macadamia's former Chief Financial Officer, Ron Hock recently announced his retirement. Hock, who joined Macadamia in 2012 as the CFO, had more 35 years of distribution background within Fortune 500 companies, as well as entrepreneurial businesses. He was a significant contributor in the development and reorganization of Macadamia Professional.
As Macadamia bids adieu to Hock, it welcomes Saurabh Nayyar as its new Chief Financial Officer. Nayyar is responsible for financial obligations, cash flow, company liabilities, financial performance, company metrics and scorecards, and departmental supervision of accounting, finance, and human resources, as well as information technology, financial relationships, and budget and expense control.
Most recently, Nayyar was with Unilever in finance leadership roles with oversight of $100 million in budget spending, strategic and tactical planning, and management of growth and profitability results. In addition, Nayyar also improved the cash flow position through a 20% reduction in debt outstanding.
Born and raised in New Delhi, India, Nayyar earned an MBA from Cornell University. Earlier in his career, Nayyar held positions at UBS Investment Bank as Associate Director of Investment Banking Division leading transaction teams, presentations, and due diligence.
Nayyar brings 12+ years of finance leadership experience in consumer-packaged goods at Unilever in skincare and hair-care categories, as well as the financial services industry on Wall Street. He has participated in mergers and acquisitions and financings with total transaction value exceeding $2 billion.
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