Falcon Group, a multinational inventory management specialist which deals in cash flow and balance sheet optimisation has revealed the addition of a new member to its executive board. As per statement released by the firm it has hired Mr. John Ahearn to serve as its new Group Vice Chairman & Chief Executive Officer for its Americas operations effective immediately and will work from the firm’s office located in New York. The firm is originally started out in Asia-Pacific market region but has since expanded its global footprint to cover Europe, Middle East, UK and is currently working to expand its coverage across Americas market region. In his new role as CEO of Americas region, John will be leading the firm’s expansion efforts across North and South American markets while also helping the firm with their global growth strategy.
Mr. Ahearn is a seasoned veteran in financial services industry with particular focus on trading operations across leading multinational banks. During his career, he has served under leading brands such as J.P. Morgan, Bank of New York, ABN Amro and Citi bank. While at Citi Group, his efforts helped the bank improve its status from being a small player in trading division to number two in global trading market while he also helped the bank gain number one position in supply chain funding. He had been with Citi Group for nearly 17 years having joined the bank back in 2004. At time of his resignation from the bank, he held the role of Chairman of Trade.
Commenting about his new role at the firm, Mr. Ahearn said “Falcon has been around for 27 years and have imposed themselves as significant players, out of the banking realm, as providers of working capital optimisation and much needed liquidity, purely focussing on Inventory. In a world where banks focus on DPO and DSO, DIO really is the last frontier. It’s incredibly exciting to join a well-established business with a clear goal of taking them through the next stage of evolution”.
Speaking about John’s addition to the board, Mr. Kamel Alzarka – Founder & Chairman of Falcon Group said “With Johns extensive knowledge of trade Finance, his expertise of working capital and exemplary track record, John will be instrumental in establishing Falcon Group into the Americas, navigating us through our global expansion strategy and consolidating Falcon into the market taking us to the next level. We are delighted Ahearn has joined Falcon”.
It should also be noted that the firm onboarded Mrs. Susan Skerritt to serve as its Non-Executive Director and member of Group’s Audit and Risk committee. Susan is also based out of the firm’s New York Office and is expected to aid John in his endeavours to help firm achieve its growth and expansion goals.