PEREGRINE CONSTRUCTION & MANAGEMENT L.L.C. INC.
Chief Finance Officer
Armand Diaz represents Peregrine as Chief Finance Officer with over 23 years of experience in financial audit, treasury and finance, business development and general management.
Prior to joining Peregrine, he was the Chief Financial Officer (CFO) of an exporting company where he oversaw finance, human resource, administration and logistics. He supervised the migration from MYOB to the latest Peachtree Manufacturing System. He spearheaded the cost cutting efforts thru renegotiation of HMO and suppliers’ contracts. He purged the underperformers, created certified strategic suppliers’ pool and revamped the supply chain.
Armand also served as Department Head of multinational aviation company that manufactures and provides repair services of trainer aircrafts for air forces in Asia, Africa and Middle East and a member of 125 aviation repair stations globally, where he was responsible for finance, human resource, and administration. He introduced the first bi-annual appraisal of superiors by subordinates. He was also instrumental for the amicable settlement of company’s long outstanding litigation with the tax bureau in Court of Tax Appeals where the company had 80% savings against the final assessed fees, penalties and lawyers’ fees. He also negotiated for the renewal of lease agreement with airport authorities where increase of 76% on the first year and 211% on the second year were reduced to 10%.
Armand was also the Special Projects Manager of one of the biggest garment manufacturers in the world. He monitored the progress and cost benefit results of re-engineering projects done simultaneously in Philippines, China, Cambodia, Mexico, Saipan and Guatemala. He headed diligence review teams for business acquisitions in Northern Marianas Islands, Guam, Philippines and Cambodia. He was the project manager for the set-up of Cambodia factory and mainly responsible for the training of the core team of Cambodian managers in Philippines. He headed the consolidation of corporate structure of all Philippine companies under one holding company for IPO in Hong Kong Stock Exchange.
Prior to this, he was the Financial Comptroller in Mainland China for Grandoe, a multinational company and one of the largest suppliers of ski and leather gloves to USA, Japan and Australia. He maximized the dollar conversion to yuan by tapping into the most active state-owned regional foreign exchange centers. He oversaw finance, logistics, human resource department, and production planning. He significantly reduced 40% of raw materials from Philippines, USA, Pakistan and Japan by introducing incentive system in locating local suppliers.
Early in his career, Armand worked in SGV & Co. (also known as Ernst and Young Philippines) as auditor in-charge and performed financial audit of some of the county’s biggest publicly-listed corporations such as SM Investment, SM Inc., SM Development Corp, and Philippine Airlines, among others.
Armand is a Certified Public Accountant with a degree of BS Commerce major in Accounting from the University of Santo Tomas in Manila, Philippines.