Board Search - A Case Study
The long-serving Chairman of a long established, FMCG company with world-recognized brands retired and a new, much younger, Non-Executive Chairman was appointed. At the time, the firm was conducting a search for a Chief Executive and was asked to review the balance and structure of the Board in response to the future requirements of this rapidly growing business.
The average age of the organization’s Independent Directors was over 65, they were all based in one city, had little international involvement, limited direct FMCG experience and none were women. Over the following five years, through a careful programme of replacement, a complete change of Directors was achieved. Amrop advised on the balance of skills and experience needed, identified potential candidates, assessed their interest and, ultimately, introduced them when they were not known to existing Directors. Today, the organization’s Board represents a range of ages and tenures, and an effective program of renewal has been established. The current Board comprises Directors with significant overseas experience and a balance between corporate and professional backgrounds. There is now also a high quotient of high calibre female Directors amongst the members.<< Back