Our client was an international FTSE 100 industrial business, looking to refresh and strengthen its Board with the addition of two new Non-Executive Directors to fill seats becoming vacant through planned retirements.
Our first step was to work with the Chairman, CEO and Nominations Committee to agree the desired profiles for the two roles. To do this, we had one-to-one briefings with each of them to synthesise the key challenges and priorities facing the business and hence crystallise the key capabilities the Board would require. We then analysed the Board composition and highlighted key gaps versus these capabilities and, based on these gaps, developed proposed briefs for the new Non-Executive directors. The Nominations Committee signed off these briefs, which then formed the basis for our subsequent search work.
Our search focused on two core profiles: a business leader with a strong engineering background and potential; and an experienced Plc leader, with international business-to-business credentials. For each role, we used structured research to identify candidates in the UK, North America, Continental Europe and Asia with the capabilities and potential capacity. We approached them (initially on a ‘no-names’ basis) to gauge their appetite and interest for this sort of opportunity. We then agreed with the Nominations Committee a shortlist of three to four candidates for each role to be interviewed. The shortlists contained candidates from the US, Germany and India, as well as from the UK.
The shortlisted candidates met initially with the Chairman and, separately, with the CEO. They narrowed the focus down to two lead candidates for each role who subsequently met with the rest of the Nominations Committee. From this, the Nominations Committee selected their preferred options for the two roles.
Both candidates have now joined the Board and are making a highly valued contribution to the business, which continues to outperform its sector peers.