The Koblentz Group has advised a leading industrial company’s Board on succession for its CEO who will retire in the next 2-3 years.
The goal was to consult with their Board on how best to carry out their highest priority responsibility… selecting their CEO in a confident and confidential manner.
We reviewed the company’s global strategy and operating challenges and from that assessment, worked with the Board to develop a cogent, transparent and consistent process. This involved high interaction with its Directors in order to gain a consensus to develop a workable criteria/profile that the Board believes will be required to lead this company, considering its future aspirations and value expectations, while maintaining its collaborative culture.
Internal candidates were identified and a program of preparation and evaluation was developed for each executive. A formal and informal program for candidate-board member interactions was established. A communication process was structured to better share comments and candidate views among fellow Board members to facilitate a thorough assessment of each candidate’s professional/leadership capabilities and suitability for the CEO role. This process provides open and candid feedback to each candidate as this evaluation process progresses.
The Koblentz Group continues to work with this Board and has agreed to assist as this process unfolds over the next two years.
About us…We are a “Sensitive Matters” firm that advises our clients on their most critical recruitments of senior executives, attracting members to the board of directors, and on succession at the top of the house.