Urgent recruitment of a Chief Financial Interim Manager for a fast-growing start-up in the e-commerce sector

Assignment

Urgently find a Chief Financial Interim Manager capable of structuring a fast-growing international start-up all the while overseeing its operations

Issues : Supporting growth, Preparing for succession
Sectors : Others
Services : Executive Interim Management

Context

  • An international e-commerce start-up in the fashion and design industry with a turnover of around €30 million, supported by a majority fund and growing very rapidly, urgently requires a Chief Financial Interim Manager after the rapid departure of the Chief Financial and Operating Officer
  • Priorities include cash flow management, data reliability and financial reporting

Eurosearch & Associés involvement

  • The Managing Director called upon Eurosearch & Associés to quickly find a CFO with experience in retail, preferably e-commerce, who would be able to oversee the company’s operations (reporting, BP, budget, closes, cash management, relations with banks, monitoring accounting and management control) and at the same time begin structuring the processes and tools to increase data reliability and automate dashboards as far as possible
  • In a week, Eurosearch & Associés identified three potential managers. One of them was chosen within a day and was able to begin work shortly thereafter
  • After the assessment report was drafted, an action plan was presented and priorities were set

Results

  • The assignment lasted several months, which allowed the Managing Director to manage the company with greater clarity, to correctly manage the cash flow, to obtain reliable reports and to speed up closes. The majority shareholder was reassured
  • Meanwhile, a long-term CFO/CEO was recruited, the transition took place, and the company was able to continue its development on a sound footing