Marija Simovic

Managing Director
25+ years of experience in transformation, operational, supply chain and change management
Expert in restructuring, including cost reduction
Extensive experience at the C-suite level
London
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Marija Simovic is a Managing Director with Alvarez & Marsal Corporate Transformation Services in London. She brings more than 25 years of transformation, operational, supply chain, change management, restructuring (including cost reduction) experience at the C-suite level, working for blue-chip organisations. Ms. Simovic has deep operational experience in the retail, healthcare, transportation, logistics, business process outsourcing (BPO) and airline sectors, working in Europe, the Americas and Australasia.

At A&M Ms. Simovic co-led the transformation project for Agrokor/Fortenova, Eastern Europe's largest retailer and food manufacturer, with €6 billion revenue and 60,000 employees. Her team led transformation efforts (cost reduction, working capital, operating model transformation, change management and operational performance) across supermarkets, food manufacturing and agriculture, delivering savings and working capital improvement. Previously, she led the acquisition of Bolle Brands, in a complex carve-out and cost improvement program. She also led the integration of a bolt on acquisition.

Prior to joining A&M, Ms Simovic worked for International Airlines Group, leading a global change management programme to deliver key strategic change, transformation and substantive ongoing savings across customer contact centres, BPO, engineering, MRO, procurement, airport operations, IT, finance and all G&A functions. She also oversaw a major procurement review across IAG’s entire £13 billion spend base, resulting in a continued annual savings of hundreds of millions of pounds (4% of spend).

Previously, as COO for Yodel, Ms. Simovic led a complex post-merger integration and cost reduction programme, establishing the UK’s second largest parcel delivery company (through the merger of DHL and Home Delivery Network) and reducing the total cost base by 20% (~ £120 million) through network reorganisation, logistics transformation, large-scale systems implementation, people and cultural transformation, customer service proposition overhaul and major synergy savings. She started her C-suite career with Pepsi and YUM Restaurants International, holding operational, transformational and strategic roles across U.S., EMEA and AsiaPac.

Ms. Simovic earned a bachelor's degree in pure mathematics from the University of Technology Sydney and an MBA from Macquarie University Sydney. She is a member of the Australian Institute of Management and the Australian Mathematicians Society.

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