Grifols Appoints CFO with Banking Industry Expertise from Bank of America

Grifols Appoints Rahul Srinivasan as New CFO

Multinational blood derivatives company Grifols has hired Rahul Srinivasan, a manager from Bank of America, as its new Chief Financial Officer (CFO). Srinivasan will replace Alfredo Arroyo, who is retiring after 17 years at Grifols.

New CFO to Assume Responsibility on September 16

Grifols announced the appointment of Srinivasan on Thursday, stating that he will assume his new role on September 16. Prior to joining Grifols, Srinivasan was the head of capital markets and leveraged finance at Bank of America for Europe, the Middle East, and Africa, where he led a team that achieved significant revenue growth.

Srinivasan’s Experience and Qualifications

Srinivasan has over 25 years of experience in finance, holding senior management positions at companies such as KPMG, Credit Suisse, and Bank of America. His expertise includes audit and assurance, corporate finance, and transactions, mergers and acquisitions, and capital markets. He is a Distinguished Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds a BA in Business Mathematics and Statistics from the London School of Economics and Political Sciences and an Executive MBA (sponsored) from the ENPC School of International Management (Paris, France).

Key Responsibilities

As CFO, Srinivasan will be responsible for implementing effective cash flow strategies and promoting debt management plans. He will also lead Grifols’ global finance function, which includes planning, treasury, tax, financial reporting, and investor relations and sustainability. Srinivasan will report to Grifols CEO Nacho Abia and will work alongside Alfredo Arroyo during a transition period to ensure a smooth transfer of responsibilities.

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Challenges Ahead

The position of financial manager is key at Grifols, as the company faces challenges in debt reduction. Srinivasan’s appointment is expected to bring new expertise and skills to the company, helping to address these challenges and drive future growth.

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