
George Motsanos
@georgemotsanos
I lead retail finance, budgeting, P&L performance, and operational efficiency across multinational businesses.
What I'm looking for
I've led store finance and operations for IKEA across Qatar, the UK, Greece, and other international markets, managing end-to-end budgeting, P&L performance, audits, CAPEX, and financial controls.
At IKEA Qatar, I implemented a dynamic budgeting model that increased forecast accuracy by 15% and improved CAPEX utilization by 10%. I developed sales, gross-margin, and departmental CAPEX budgets while using scenario analysis to strengthen financial resilience.
At Ambotis Tours, I directed financial planning for nine hotels and 170 cars, building detailed P&L budgets and performance tracking that delivered a 12% cost reduction. Earlier at IKEA UK, I improved labor-cost efficiency by 18% through workforce planning and the “Smile effect” project.
My background also includes 14 years managing financial performance at IKEA Greece, where I established reporting systems for multiple stores and maintained profitability through severe sales declines. I bring hands-on experience in analytical accounting, reporting, profitability analysis, compliance, and developing finance teams.
Experience
Work history, roles, and key accomplishments
Store Finance Manager
IKEA Qatar
Jul 2021 - Mar 2024 (2 years 8 months)
Led store finance and operations, overseeing end-to-end budgeting, P&L management, and financial audits. Implemented a dynamic budgeting model that increased forecast accuracy by 15% and improved CAPEX utilization by 10%.
Finance and Budgeting Manager
Ambotis Tours
Apr 2018 - Jun 2021 (3 years 2 months)
Directed financial planning for 9 hotels and 170 cars, focusing on profitability analysis and cost-saving strategies. Achieved a 12% cost reduction by implementing performance tracking across all business units.
Operations Manager
LCC Logistics
Nov 2017 - Apr 2018 (5 months)
Analyzed transportation costs and restructured pricing models, achieving a 10% reduction in logistics expenses. Negotiated service rates with IKEA Cyprus, enhancing contract profitability.
Led store finance and operations, including budgeting, P&L management, and financial audits. Introduced monthly performance boards and changed sales mix in F&B to drive visitor traffic.
Transformed financial performance in a loss-making store by developing an investment-focused budgeting approach. Led the 'Smile effect' project, improving labor cost efficiency by 18% and raising employee satisfaction.
Led financial reporting for brand performance and profitability, implementing analytical accounting systems that improved reporting efficiency by 30%. Managed store financial performance for 14 years, maintaining profitability even during a 60% sales decline.
Finance Controller
Electrolux Hellas
Jan 2001 - Feb 2003 (2 years 1 month)
Prepared company reports including P&L and assets-liabilities, and integrated results per brand and product line. Set up back office systems to meet reporting needs for central HQ in Sweden.
Assistant Controller
Electrolux Hellas
May 1997 - Dec 2000 (3 years 7 months)
Allocated expenses across marketing, administration, brands, and departments. Managed slow-moving inventory and prepared sales and OPEX budgets per brand and product line.
Education
Degrees, certifications, and relevant coursework
IKEA Business College
Operating An IKEA Store, Operations Management
Completed a two-week course on operating an IKEA store, focusing on operations management.
IKEA Business College
Understanding The IKEA Concept, Business Administration and Management
Studied the IKEA concept with a focus on business administration and management.
Electrolux South East Cluster
Integrated Profitability, Business Quantitative Methods
Studied integrated profitability and business quantitative methods.
Economic Chambers of Greece
Preparation of Assets And Liabilities, Accounting
Studied preparation of assets and liabilities.
Economic Chambers of Greece
International Accounting Standards, Accounting
Studied international accounting standards.
University of Macedonia
Bachelor Degree, Management and Business Administration
Earned a Bachelor's degree in Management and Business Administration.
Tech stack
Software and tools used professionally
Availability
Location
Authorized to work in
Salary expectations
Skills
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