Since 1984, Jacques Vincken has worked in the Finance function of Royal Dutch Shell. His current job is Shell Downstream Credit Manager Europe & Africa, Global Retail and Global Chemicals. With his extensive experience in Commercial Finance, Jacques is seen as a true Credit professional. He is a strong believer in professional Credit Management supporting businesses in their growth strategies and providing added value.
In these 29 years he has had overseas assignments in various Shell divisions, companies, and businesses, e.g. Upstream, Chemicals and Downstream
Jacques has successfully standardized the Credit Management processes of Shell Chemicals on a global basis and managed to dramatically decrease the working capital and making the organization a cash conscious environment throughout. In addition he set up Credit Strategies dealing with crises, minimizing bad debt, or supporting growth in emerging markets like China. This Chemicals Credit Strategy was a great success, leading the Credit organization within Shell Chemicals towards the professional and global arena.
In his current Shell Downstream job, Jacques has taken the organization on similar new exciting journeys, e.g. the EU Hunt for Cash, not only establishing a well oiled cash machine, but at the same time embarking on a massive mindset change, transforming a big organization from reactive to very pro-active. At the same time setting up new Credit Strategies that will help the business in their growth strategies, e.g. Europe, Russia, South Africa and the Middle East. In addition setting up special strategy for dealing with the EuroZone crisis.
Jacques has received various CEO Awards for his successes in the Credit and Contract management processes, both in Shell Chemicals and Shell Downstream.
Jacques is an active member of various external Credit Associations, previously the Finance Credit & International Business, the Institute of Credit Management (ICM) and the European Chemicals Credit Association. The latest being the International Credit & Trade Finance Association (ICTF). He also serves as an active board member and chairperson within some of these organizations and is a frequent speaker on credit management topics at various conferences around the world.
To maintain a healthy work life balance when managing a global team of about 450 people, which involves many business trips, Jacques loves to go on active holidays with his student son and daughter at least once or twice a year. And he is a horse back rider and an active member of the Queen’s Life Guards during Prinsjesdag (the Opening of Parliament) and other royal events. These activities re-charge the battery and are essential to stay sharp and remain fully excited and energized. For ‘Credit’ is Jacques’ passion and there are always new challenging targets ahead.
For more information about Jacques Vincken, please visit his public profile on LinkedIn.