For one 55-year-old company, which had never appointed a Chief Executive Officer from outside its own ranks, the stakes were exceedingly high as it retained TRANSEARCH to identify and hire its CEO successor. Worldwide this client generated more than 1 billion in annual revenue, with approximately 8,000 employees across six continents. The company was regarded as a global leader within their service offerings. It had experienced strong top and bottom line growth in the early 2000s, but by 2014 that pace had slowed dramatically. The incumbent CEO was a 30-year veteran of the company, who had been in the role for five years. With the business lagging, all parties agreed it was time for a fresh leadership approach.

This highly confidential, global CEO search was concluded within four months. To commence the search, our team members met with the Board’s hiring committee and conducted the TRANSEARCH Orxestra™ Method. This global search was directed by two managing partners in the States, as well as a managing partner in London and another in Melbourne. In addition, another half dozen team members around the world collaborated on the assignment. More than 100 prospective candidates across the globe were targeted and contacted. More than 100 additional individuals were approached on the basis of referrals and market intelligence. Choosing from more than a dozen long-list candidates, who spanned six continents, the company selected five executives for final interviews. The new CEO was hired away from a much larger business at a prestigious firm. By quickly initiating the process of assessment and revitalization, this individual immediately generated considerable industry buzz. Given the impact of this global CEO search, one of the other finalist candidates – now COO with another global company – retained TRANSEARCH soon after on a similar executive search assignment.

 
 

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