Leadership Succession, Preparing a Business for its Next Stage of Growth
The Situation
A successful established business required a carefully managed leadership succession. The organisation had a strong market reputation and considerable potential, but the board recognised that its next phase would require a different combination of strategic, commercial and organisational leadership.
The Challenge
The search was highly confidential and needed to protect relationships with the existing leadership team, employees, customers and the wider market. The appointment also required a long term perspective. The board was not simply replacing an incumbent; it was identifying the executive who could lead the organisation through its next stage of growth and potential future transaction..
Novo’s Approach
Novo conducted a discreet market mapping and executive search programme across direct competitors, adjacent sectors and businesses with comparable characteristics. Potential candidates were assessed against both immediate requirements and longer term priorities, including growth, management development, succession, operational scalability and stakeholder confidence.
The Value of Search
The process enabled the board to consider external leadership options without creating unnecessary market visibility. It also provided broader intelligence on the available talent pool, remuneration expectations and the different leadership profiles capable of supporting the organisation’s future direction.
