The portfolio company of a premier private equity firm urgently needed an interim CEO. A top search firm hadn’t produced the right candidate, and performance of the current CEO was deteriorating rapidly.
In less than five days, Business Talent Group presented the investors with three interim CEO candidates. The client was overwhelmingly impressed by the caliber of each candidate, remarking that they were all more interesting than the executives they had met through the retained search firm. They quickly on-boarded an experienced interim CEO with deep industry experience, who stabilized the company while the board finished the search process.
The new CEO impressed the board as he took the reigns. The relationship developed in such a positive way that after a few months, it was decided that the executive should become the permanent CEO. Ultimately, the executive led a successful sale of the company.