Recruitment of a bicultural Director
Issues : Overcoming a crisis, Supporting growth
Sectors : Industry
- French mid-cap business buying a majority stake in a local family-owned SME in North Africa following an industrial production crisis
- Mid-cap business under threat in terms of its European distribution agreements and procurements
- Local SME is making a loss within a growing market
- Tension is growing among the majority and local shareholders
- Mid-cap business is unfamiliar with the country’s political and economic environment which would enable it to secure its investment
- Urgent need to put an organisation in place in order to secure investment and to develop from a sound basis.
Eurosearch & Associés involvement
- Eurosearch & Associés advises the Chairman to hire a Director in order to improve operational piloting of local key functions
- Search for a high level Director
- Director’s assignments:
- bridge the cultural gap between local and European managerial practices
- secure the group’s investment from any potential destabilising attempts by local political and economic authorities
- French mid-cap business opens up its Board of Directors to a fully bicultural and local top-level director coming from an international group. This person has a solid track record in management of an industrial company, as well as a wide network with local political and economic authorities.
- Chairman of the mid-cap business discusses all subjects relating to the subsidiary on a regular basis
- Board of Directors now has a good understanding of background for making the right decisions
- Mid-cap mother company has found a reasonable exit way for the longstanding local shareholders
- Subsidiary is now respected within the market. It is no longer subject to destabilising attempts by local players
- Mid-cap business consolidates commercial agreements
- Subsidiary is now experiencing profitable growth.