The opportunity to lead a family business as a non-family executive is exciting, but it has unique challenges that need to be considered and communicated throughout the recruitment/search process. Often, the family has identified the next leader, but still needs outside talent to help partner and develop future family leaders. Finding the executive who appreciates the opportunity to mentor, who has a strong skillset and desire to be a collaborative partner with an important seat at the table is a unique ask, and one that Ironside & Associates understands and respects from many years working with family businesses.
A recent search for a financial leader to report directly to the CEO and join the heir apparent on the executive team is just one example of Ironside & Associates’ experience hiring family business leaders who have the necessary skills and cultural “fit” to be successful. Ironside identified a leader who brought best practices from some of the most innovative companies in the world, as well as direct experience with leading an acquisition and building a new facility. This placement was able to join this company that is growing at 30% a year and transform the finance function from an operational resource to a strategic partner in the growth of the business. This search included development of a competitive compensation and relocation package.
To learn more about executive search services, contact us today.