LONDON, UK — SAP UK and Ireland (SAP UKI) today announced the appointment of Elena Shishkina to the SAP UKI executive board as the Chief Financial Officer (CFO) of SAP UKI, effective immediately. She is responsible for the management of all financial and administration functions within SAP UKI. In her new role, Elena is primarily responsible for driving financial excellence as well as pro-actively supporting commercial operations across all UKI business, with an overall objective to optimize profitability and maximize cash flow generation. She will also have overall responsibility for all compliance activities in this market unit.
“We are already a leader in our market and we want to continue not just to be a leader, but to grow and be the best we possibly can be. To do this we need to continue to hone in on and manage financial risk and drive efficiencies through timely, informed decisions and effective process management. In doing this we can help our customers to become best-run businesses” said Elena Shishkina, CFO, SAP UK & Ireland.
Elena brings to this new role more than 13 years of business experience, having had financial, operational, consulting and managerial roles in both the UK and Commonwealth Independent States (CIS). Prior to SAP, Elena held positions of CFO at ASB Reitung in Russia and Consultant at InterMatrix. She joined SAP in 2005 working for the COO of the CIS region at SAP for two years, and was most recently Chief Financial Officer and Acting General Manager for the CIS region. Within this role, Elena was responsible for general administrative functions, company representation, Finance and Accounting, Performance management, Organizational effectiveness, regulatory Compliance (US GAAP, IFRS, Tax, SEC, FCPA), Strategic Planning and Business Development.
SAP UKI Managing Director, Tim Noble, welcomes Elena’s appointment. “The finance function of SAP [UKI] is critical to our success in the marketplace and I am delighted to welcome Elena, with such a wealth of experience into this role, and to our Management Team here in the UK.”
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