Timothy Scott
About Timothy Scott
Timothy Scott serves as the Chief Financial Officer for the Asia Pacific region at Interpublic Group, where he has significantly increased revenue and profit margins while implementing effective pricing and contract management strategies. He has a strong background in finance, having held various leadership roles and completed his education in economics and marketing.
Work at Interpublic Group
Timothy Scott has held the position of Chief Financial Officer for the Asia Pacific region at Interpublic Group since 2010. In this role, he has been instrumental in evolving pricing and contract management strategies to adapt to market changes. He has also led the regional Financial Planning and Analysis (FP&A) team, focusing on strategic budget management and planning. His leadership has extended to developing a significant finance team across 10 Asia Pacific markets, ensuring compliance with accounting standards and local statutory requirements.
Previous Experience
Before his current role, Timothy Scott served as Finance Director for Interpublic Group in Australia from 2006 to 2010. He also worked at Jack Morton Worldwide as Finance Director from 2002 to 2005 and held the position of Commercial Manager at the Australian Institute of Management from 1997 to 2002. His diverse experience in finance roles has contributed to his expertise in managing financial operations and strategy.
Education and Expertise
Timothy Scott has a strong educational background in finance and management. He studied at the University of Sydney, where he earned a Bachelor of Economics with a focus on Law and Accounting. He also completed a Graduate Certificate in Marketing at the Australian Institute of Management. Additionally, he is a member of CPA Australia, which underscores his commitment to professional development in finance.
Achievements in Financial Management
Throughout his career, Timothy Scott has achieved significant financial milestones. He successfully grew revenue from $70 million to $200 million while improving profit margins. He has also completed selective divestments in non-core markets, resulting in a 150 basis point increase in margin. His strategies have led to the acquisition and integration of businesses across Australia, China, India, and Korea, contributing an additional $30 million in revenue.
Operational Improvements and Cost Savings
Timothy Scott has implemented various strategies to enhance operational efficiency and reduce costs. He saved $1.5 million in rental costs by optimizing the property footprint in response to COVID-19. He also devised strategies that embedded operational excellence into agency structures, significantly improving client profit margins. Additionally, he reduced finance headcount by 10% by transitioning transactional services to the IPG Shared Services Center.