Revvity CFO Max Krakowiak emphasizes three core areas of focus at Revvity: improving budgeting processes, optimizing working capital performance, and increasing internal investment. Recognizing the inefficiencies of static budgeting, he aimed to create flexibility for unexpected needs throughout the year. Additionally, he prioritized improving free cash flow conversion, which historically lagged at PerkinElmer, by addressing working capital issues. This focus on financial performance has led to significant improvements, with AI playing a supporting role. Lastly, Max pushed for more capital expenditure to drive organic growth, encouraging internal investment to achieve returns without the premium cost of acquisitions. These strategies underpin his leadership at Revvity.
