New Group CFO leads PE-owned, multi-billion-dollar turnover company towards successful exit
Our client, a global, multi-billion-dollar turnover company, needed to recruit a Group CFO to oversee a finance function with more than 500 full-time employees.
The problem: finding outstanding talent who could hit the ground running
The challenge was twofold. Firstly, the Private-Equity-owned company has a complex, decentralised, highly operational business model with very low margins and severe working capital restrictions. They knew they needed to hire a CFO who could hit the ground running, which meant identifying candidates from companies with similar business models.
Secondly, the company had to position the organisation and the role in such a way as to attract the best talent available.
The solution: an experienced team conducts a global search for the right candidate
The recruitment project was run by a very experienced senior partner who immediately set about forming a close working relationship with the investor and board. This helped Maven Partners build a solid understanding of the exit strategy and how to communicate this to identified candidates.
Our experienced, multi-lingual in-house research team then conducted a global search to identify and map targets. This led to a shortlist of talent which was presented to the board in Europe and investors in New York, and, following a complex negotiation, a successful appointment.
The result: new Group CFO drives strategic and operational change agenda
The successful appointment of a new board member as CFO has seen the company’s strategic and operational change agenda revitalised, and the business moving toward a successful outcome for investor and board alike.
All this was achieved with minimal risk to the client due to Maven Partners’ post-completion fee model.