Recruitment of a Director with high added value within the Operations Management Improvement field Business owned by an investment fund

Assignment

Investment fund wishes to strengthen its added value within the Board of Directors
Recruitment of a Director, future Chairman of the Board of Directors

Issues : Transforming the business, Supporting growth
Sectors : Others

Context

  • An investment fund buys a majority shareholding in a new sector
  • In order to secure the targeted value creation, the fund wishes to strengthen its added value within the Board of Directors
  • Decision is taken to recruit a former director with an excellent track record from within the sector

Eurosearch & Associés involvement

  • Eurosearch & Associés carries out a benchmark so that the investment fund can complement its knowledge of the sector and consider the various existing ambitious solutions
  • Meetings with directors from various market segments (family-owned group director, international group subsidiary CEO, senior civil service director) enable the investment fund to pinpoint its actual requirements
  • Decision is ultimately taken to hire a Director with a strong operational background, with the right behaviour for building constructive yet stimulating relationships with the Chairman of the Board
  • Plan is to ultimately appoint this Director as Chairman of the Board of Directors

Results

  • This Director is quickly appointed Chairman of the Board of Directors
  • His age does not put him in direct competition with the Chairman of the Executive Board
  • His track record within the sector along with his interpersonal skills and willingness to work hands-on mean that the investment fund is able to establish very regular and comprehensive interaction with the Chairman of the Executive Board, on a financial as well as operational level.
  • A few years later, the fund sees one of the best returns on its investment.