Julio Manero

Biography

Julio Manero is a Managing Director with Alvarez & Marsal in Spain, with more than 17 years of management and financial experience in finance, accounting, taxes, controller and business change. He has worked with clients across the food, distribution, construction, real estate and services industries. Mr. Manero recently worked on restructuring and refinancing projects with a Spanish bank and a lighting manufacturer and distributor. Notable engagements include: leading a pre-insolvency process for a global automotive company’s Spanish subsidiary, managing and controlling the working capital, negotiating terms of the cancellation of contracts with debtors and creditors, and a 13-week cash-flow plan. He also led a 13-week cash flow plan for an Irish conglomerate comprising more than 35 companies and more than a € 2 billion turnover. The complex project involved several non-integrated ERP systems and a management information system with several distribution channels and product lines. Mr. Manero developed a turnaround and restructuring plan for a Spanish distributor of industrial components. This involved simplifying the operating model, reducing costs, ensuring a sustainable financial model and developing a viable balance sheet. Previously, he advised a major construction client with business planning, examination of strategic options and cash flow improvement. This involved producing a series of planning and financial tools, as well as aligning stakeholders. Before A&M, Mr. Manero spent ten years with Riofisa, SAU, which started as a family-owned real estate company. First, he served in a finance function and then as CFO, leading the company through an IPO in the Spanish market. Subsequently, the firm was acquired by Colonial, and Mr. Manero was promoted to Corporate General Manager in charge of finance, human resources, tax, IT and controller functions. During this period, he was responsible for raising finance for more than 60 real estate projects, managing a rental assets portfolio, a budget and taxes, and reporting to shareholders. He led a restructuring and turnaround plan for Riofisa to improve cash flow, reduce back-office costs and improve productivity. Previously, Mr. Manero worked as CFO at Dole Food Spain, the world’s largest producer and marketer of fresh fruits and vegetables. As CFO, he managed the financial affairs of 10 Spanish subsidiaries and was responsible for creating an efficient financial and administration model. His work included restructuring the organisation and implementing a new ERP system. Mr. Manero began his career with Arthur Andersen, specializing in the outsourcing of finance and administration functions. Mr. Manero earned a bachelor’s degree in business administration from University of Cadiz in Spain. A Spanish national, he is fluent in Spanish and has a reasonable command of English.

Research Interest

Julio Manero has 25+ years of management and financial experience in finance, accounting, taxes, controller and business change and he works with clients across the food, distribution, construction, real estate and services industries