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Tomasz Karasek

COO | CFO | CSO | AI Transformation | M&A | ex-McKinsey | Wharton MBA

Tomasz Karasek is a business leader with a proven operational track record and a broad set of functional skills – from financial leadership to strategy development and implementation to AI transformation - both in a corporate C-suite and as a management consultant. He has diverse experience working in and consulting for a broad set of industries (PR, banking, insurance, PE, energy, healthcare, consumer goods) and geographies (Americas, Europe, and Asia). Tomasz Karasek led multiple M&A projects including end-to-end ownership of two international acquisitions and executive sponsorship of related post-merger integrations. He is spearheading an AI implementation project across a global organization with multiple operating companies. He is also leading the development of AI product offerings in PR and Communications, including negotiations and signing of new tech-powered commercial partnerships. Currently, Tomasz Karasek is an interim Chief Financial Officer of a global organization with more than 3,000 employees in nearly 40 countries.

Tomasz Karasek's Background

Tomasz Karasek's Experience

Board Director at THE PRIDE NETWORK

May 2024 - Present | New York, NY

A community of leaders, mentors, and allies, The Pride Network helps define the future of LGBTQ+ leadership, developing members through training programs, coaching, mentoring and grant awards for community initiatives

Advisory Board Member at COGENT INFOTECH CORP.

April 2024 - Present | Pittsburgh, PA

IT Consulting firm delivering digital transformation & innovative IT solutions, including use of AI tools in recruiting

Interim Global Chief Financial Officer at HILL & KNOWLTON, a WPP Company

February 2024 - Present | New York

Integration Leader at HILL & KNOWLTON, a WPP Company

January 2024 - Present | New York, NY

Global Chief Operations & Strategy Officer at HILL & KNOWLTON, a WPP Company

December 2019 - Present | New York, NY

H&K is a global public relations firm with 3,000+ employees located in 70+ offices across nearly 40 countries. Member of the 6-person Global Executive Team (ExCo), reporting directly to the CEO and working with Operations and Finance leaders at parent company, WPP (the largest media and advertising holding in the world with 115k employees).  Operational leadership: Leader in global Operations Committee (COO, CFO, CHRO) focused on commercial performance across all 10 regions. With operational oversight delegated from the CEO, met bi-weekly with all regional leaders and ran quarterly reviews with them focused on P&L delivery, existing clients’ growth, new business development and commercial excellence. As a result, H&K saw the highest net sales growth rate in two decades (in 2021 & 2022) and EBITDA margin increase of 6pp to a new level that has been maintained since 2020  Operational excellence: Delivered operational improvements across revenue generation, financial planning, process optimization, client management, business development and employee relations topics  AI transformation: Developed methodology to assess short- and medium-term impact of implementing AI tools on H&K cost structure and staffing levels (subsequently rolled out at other agencies across WPP). Identified key use cases for AI tools deployment and embedded them in standard workflows. Tested ways to increase employee adoption via market-wide AI pilot in Germany. Designed changes to Hill & Knowlton’s operating model to futureproof the organization (new pricing models, new talent profiles for new hires, career progression model)  AI product development: Partnered with H&K's CTO to develop new AI-powered products, develop business cases for them and secure funding from the CEO. Negotiated and signed AI-focused commercial partnerships for a leading misinformation monitoring product (t.ly/12tHB)  Finance: Oversaw budgeting, financial reporting, investment analysis, FP&A, led 200 FTE finance team  Strategy: Led H&K's strategy development and execution efforts, including change management, transformation programs, 5-year strategic plan creation and investment planning  Merger integration: Led integration effort for Hill & Knowlton in the process of merging with BCW to form Burson (t.ly/szqUe), a PR & Communications industry leader with ~$1B in net sales. Offered one of only four retention bonuses extended across both organizations (6,500 employees)  M&A: Led corporate development with end-to-end acquisition process of JeffreyGroup in US/Latin America (t.ly/Z9-d) and 3K in Germany (t.ly/mPA0) and designed and led post-merger integration at these companies  Risk management: Developed Assignment Acceptance Framework for WPP – a simple and structured process that helps all WPP agencies maintain high ethical standards while mitigating risk when taking on new clients  Restructuring: Delivered ~$20M in annualized savings (~5pp operating margin increase) through a restructuring program supported by cost benchmarking, offshoring, software license rationalization and footprint optimization  Organizational design: Redesigned company structure into a matrix organized around geographical markets and sector/capability practices, resulting in greater practice accountability and increased revenue growth rates (several percentage points above historical rates in the first 2 years after implementation)  Clients: Developed client prioritization algorithm based on publicly available information and client teams’ input to identify high-growth potential clients, informing business development and client growth strategies  Management practices: Led development of executive dashboards (in Power BI) and programs aimed at improving employees’ project management skills and adopting a “bias to action” attitude

Management Consultant at MCKINSEY & COMPANY

September 2010 - December 2019 | New York, Ny

Management consultant with experience from 35+ projects across 7 countries, focusing on Financial and Consumer sectors. Developed business skillset that includes stakeholder management, analytics and quantitative methods, corporate finance expertise, business intelligence acumen and communications skills, incl. Board / ExCo presentations.  Strategy & Corporate Finance  Ran a study for a top 10 US bank to determine whether it should launch a digital bank and what should be its value proposition and to define how to play in workplace channel (financial wellness, benefits platform, etc.)  Led a project to determine potential for ROE improvement for a top 20 US retail bank  Led a team of consultants to design a 3-year ~500 bps ROE improvement plan for a top 10 US life insurer  Developed a game-theory assessment of responses to a takeover of a strategic asset for a major Oil company  Transformation Programs & Strategy Implementation  Led a project team to identify RPA/AI automation opportunity (~$250M savings) at a US mortgage servicer  Delivered $75M in savings within 6 months by leading a team of consultants to identify cost reduction initiatives, develop capture plan and track implementation at a major insurance/asset management company  Drove ~10% output increase at a Canadian hard rock miner by leading underground mining workstream  Supported a top 5 Central Eastern-European retail bank in 1,000+ branch network reorganization  Sales & Marketing  Led consumer lending workstream on a new product development project for a top 5 US retail bank  Led three client teams in the affluent banking BU of a European bank in new segmentation definition and goto- market strategy design & implementation, driving increased customer satisfaction and product penetration  Developed wholesale client segmentation and go-to-market strategy for a Top 3 European beer brewer  Led retail channel workstream on a go-to-market strategy project for a top US appliances & coffee producer  Joined as an intern in 2010, full-time in 2011 as a Business Analyst, promoted to Senior BA in 2012, Associate in 2015 (returning from MBA), Engagement Manager in 2017

Tomasz Karasek's Education

Wharton Business School

2013 – 2015

Master of Business Administration (MBA)


Warsaw School of Economics

2008 – 2010

MA

Concentration: Finance and Accounting


University of Warsaw

2008 – 2009

BA

Concentration: Management


University of Gdansk

2006 – 2009

BA

Concentration: Management


University of Gdansk

2005 – 2008

BA

Concentration: Economics


Tomasz Karasek's Interests & Activities

Music (expanding collection of 2500+ albums, 100+ acts seen live), photography (McKinsey art selection featured artist), fine arts, design, architecture, social psychology, bike trips, culture-focused travel, economic policy

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