Luis Nishimura
About Luis Nishimura
Luis Nishimura serves as the CFO of Spectrum Brands, Inc. in Mexico, where he has worked since 2016, bringing extensive experience from previous roles in finance leadership across various companies.
Work at Spectrum Brands
Luis Nishimura has served as the Chief Financial Officer (CFO) for Spectrum Brands, Inc. in Mexico since 2016. He is based in Naucalpan de Juárez, México. In his role, he manages a team consisting of 4 direct reports and 15 indirect reports. Nishimura reports to both the General Manager in Mexico and the CFO of Latin America. He has successfully integrated two business units into the company's policies and culture, demonstrating his capability in financial leadership and organizational integration.
Previous Experience in Finance
Before joining Spectrum Brands, Luis Nishimura held several significant finance positions. He was the Finance Director for Sensient Flavors in Latin America from 2008 to 2011. He also served as CFO for Sunbeam Mexicana under Newell Brands from 2013 to 2016. His earlier roles include Finance Director at Lear Corporation from 1997 to 2003 and Finance Director for Mexico and Central America at Arysta LifeScience from 2006 to 2008. Additionally, he was CFO for Philips Mexico from 2011 to 2013.
Education and Expertise
Luis Nishimura has a strong educational background in finance. He studied at Universidad del Valle de México, where he earned a Master's degree in Finance from 1988 to 1990. He also achieved a degree in Accounting during the same institution from 1983 to 1988. Nishimura furthered his education at IPADE Business School, obtaining an MBA - Medex from 2010 to 2012 and a Diploma in AD1 from 2007 to 2008. He also completed a Corporate Finance Diploma at Instituto Tecnológico Autónomo de México in 1996.
Financial Achievements
During his tenure at Spectrum Brands, Luis Nishimura implemented a foreign exchange hedging strategy that transformed a $1.9 million USD annual exchange loss in 2016 into a $150,000 USD profit. He achieved a significant increase in EBITDA from $1.2 million USD in 2016 to $5.3 million USD by focusing on expense reduction, sales improvement, and mitigating exchange rate losses. Additionally, he streamlined the commercial area by simplifying price lists from 1,400 to 12, enhancing operational efficiency.