In this episode, Host Paul Barnhurst, aka The FP&A Guy, explores the complexities of corporate spin-offs with guest Jens Gutberlet. They focus on Kenvue’s remarkable journey of separating from Johnson & Johnson with strategic reasoning and organizational transformation. This discussion highlights the challenges and opportunities that arise when creating a standalone company from a global giant.

Jens Gutberlet is a seasoned finance leader with over 15 years of experience in multinational consumer goods companies like Henkel, Edgewell, Johnson & Johnson, and now Kenvue. Based in Toronto, Jens has spearheaded major transformation projects, including two large-scale company separations. His expertise in FP&A and organizational change shines through as he shares his insights from Kenvue’s historic spin-off.

Expect to Learn:

• Why Johnson & Johnson decided to spin off Kenvue and the strategic benefits of the separation.
• The key challenges and milestones in creating a new standalone company.
• How FP&A professionals can contribute to major transformation projects.
• The importance of mindset and communication during organizational change.
• Opportunities for improvement in finance systems and processes during spin-offs.

Here are a few relevant quotes from the episode:

• "Understanding the 'why' behind a transformation is crucial for keeping people engaged and motivated." - Jens Gutberlet
• "Managing cultural and people aspects during transformation is often harder than tackling technology." - Jens Gutberlet
• "The key to success is breaking down massive projects into manageable, bite-sized steps." - Jens Gutberlet

Jens emphasizes the importance of communication, strategic thinking, and adaptability in navigating the complexities of organizational change. For FP&A professionals, spin-offs are a unique opportunity to shape the future of a company and build robust financial systems.

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In Today’s Episode

[01:28 ] - Introduction to the Episode

[03:24 ] - Defining FP&A Excellence

[05:41 ] - Lessons from Consulting

[09:26 ] - Kenvue’s Creation

[17:02 ] - Transformation Challenges

[23:59 ] - Cultural Considerations

[26:44 ] - Technology Transformation

[33:39 ] - Advice for FP&A Professionals

[37:49 ] - Mindset for Success

[50:34 ] - Wrap Up and Closing Comments