John Kuett joined LeaseAccelerator its new vice president, Lease Accounting EMEA. An expert in IFRS 16 lease accounting, Kuett brings over 20 years of experience leading financial reporting, accounting and compliance for multinationals.

Based in Switzerland, Kuett was most recently the reporting specialist at Nestlé where he was responsible for the implementation and application of changes in the International Financial Reporting at Group level. While there, he led Nestlé’s early adoption of IFRS 16 on the company’s SAP platform using a full retrospective transition approach and then set up a leasing global centre of excellence in the firm’s shared services organization.

Prior to that, Kuett led the project team for IFRS 15 Revenue from Contracts with Customers. He also directed training of the global Nestlé Finance & Control community. His previous roles include controller and assistant treasurer at Jenny Craig and vice president and controller at Frederick’s of Hollywood.

“John’s extensive experience will be invaluable in helping our clients succeed with their IFRS 16 compliance projects,” said Michael Keeler, CEO of LeaseAccelerator. “He understands the interrelationships and dependencies among all of the IFRS standards – not just IFRS 16. As a former corporate controller, he can brainstorm and collaborate with our customers at all levels and at every stage of their implementation project and long-term operations.”

“To adopt IFRS 16 without breaking the bank, companies need to substantially change how they manage, control and account for leases by automating the processes as much as possible,” said Kuett. “I joined LeaseAccelerator because its mission is to take costs, risks and time out of the global close process through automation. This is what controllers need right now. In my new role, I’ll help customers and partners with all aspects of their LeaseAccelerator IFRS 16 implementation projects.”