Urmez Davar - Seasoned Finance Executive Driving Operational Excellence
Professional Overview
Urmez Davar is a seasoned finance executive with over 25 years of experience in the power and aerospace industries. As the Vice President and Chief Financial Officer at New Generation Systems, a Mitsubishi Power Americas company, he is responsible for leading the finance and accounting functions, driving strategic decision-making, and ensuring the organization's financial stability and growth.
Experience Summary
Current Role
As VP and CFO at New Generation Systems, Urmez oversees all aspects of the company's financial operations, including financial planning and analysis, treasury management, and risk mitigation. He is instrumental in aligning financial strategies with the organization's long-term objectives, driving cost optimization initiatives, and improving operational efficiency.
Under Urmez's leadership, New Generation Systems has achieved significant financial milestones, including a 15% increase in profitability and a 20% reduction in operating expenses over the past two years. He has also played a pivotal role in the successful integration of new business acquisitions, ensuring seamless financial integration and synergy realization.
Career Progression
Prior to his current role, Urmez held various senior finance positions within the Mitsubishi Power group, including Senior Director of FP&A and Director of Treasury and Financial Planning at PW Power Systems, Inc. and Pratt & Whitney. Throughout his career, he has developed a deep understanding of the power generation and aerospace industries, leveraging his expertise in financial planning, treasury management, and strategic decision-making to drive operational excellence and business growth.
Academic Background
Urmez holds a Bachelor of Science in Finance from the University of Connecticut and is a Certified Public Accountant (CPA). He has also completed executive leadership programs at Harvard Business School, further enhancing his strategic and managerial capabilities.
Areas of Expertise
- Financial planning and analysis
- Treasury management and cash flow optimization
- Mergers, acquisitions, and integration
- Cost control and operational efficiency
- Strategic decision-making and business partnering
- Financial reporting and compliance
Professional Impact
Urmez's contributions extend beyond his direct responsibilities at New Generation Systems. He is a respected industry thought leader, frequently invited to speak at industry conferences and events. He also serves on the advisory board of the Connecticut Society of CPAs, where he provides strategic insights and mentorship to finance professionals.
Conclusion
With his extensive finance expertise, strategic vision, and proven track record of driving operational excellence, Urmez Davar is a valuable asset to New Generation Systems and the power industry as a whole. His leadership and financial acumen have consistently delivered tangible results, positioning the organization for continued growth and success.
