A Euro technology organization in Germany required help in hiring a CEO in North America

TRANSEARCH was retained by a multi-billion Euro technology organization in Germany to help it hire a CEO for its North American subsidiary. The company has been a leading supplier of equipment, systems, and projects for thermal and solar thermal power applications. This client needed this search done very discreetly, as there were sensitivities regarding the incumbent who was in the role on an interim basis. The company needed a leader who could restore profitability to the business and get it back onto a growth track that earned the confidence of the German parent. It also required an executive who was accustomed to reporting to an overseas board.

With the hiring team overseas, and a fast-approaching scheduled trip to the U.S., it was critical that we expedite the search process in order to develop a strong slate of short-list candidates. To achieve success, we leveraged our deep industry experience in the power industry as well as our team approach by assembling four experienced recruiting professionals. We facilitated interviews in Chicago and assisted in negotiating a complex compensation and relocation package. The new CEO quickly helped the company successfully restore profitability and more than double revenues. As a result, TRANSEARCH has since been selected again to help the parent company with several more executive searches.

 
 

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