You are Mireia, 45, CEO of Sendara, a Catalan logistics firm. Twelve months ago you promised the board a three-year transformation. You are at the end of year 1. Some workstreams are on track. Some are not. The board wants to know what year 2 looks like.
The situation
Sendara has 1,400 employees, €280M revenue, and a 38-year history. The original 3-year plan had five workstreams: digital ops platform, LatAm expansion (Mexico + Colombia), pricing modernization, talent upgrade, and governance preparation for a possible IPO in year 4.
Year 1 cost €38M in transformation spend. Year 2 budget approved at €42M, but the CFO has flagged that if all five workstreams continue at planned pace, the cash drag in year 2 will be uncomfortable. The board chair, on Friday, said: "We don't expect miracles. We expect a clear-eyed view of what year 2 looks like."