challenge
Following the departure of their long-serving CFO, a $230 million U.S.-based furniture manufacturer faced a period of stress and change across the finance function. Most immediately, they needed to recruit and onboard a new CFO — and with time running out, they turned to the talent experts at Tatum for support.
tatum solution
Our assignment coincided with several other key leadership changes for the client, including the appointment of a new CEO and CMO. Additionally, external consultants had recently identified key areas for improvement — areas that the new CFO would be expected to deliver on.
Beyond finding the right candidate for the CFO's role, therefore, our solution focused on:
- building a successful working partnership with the recently appointed CEO and CMO
- developing a comprehensive plan to reduce the overall workforce without jeopardizing business continuity
- aligning the finance function with new marketing strategies and promotional initiatives
outcome
Tatum served as a trusted, integral member of the client's executive team throughout the course of the engagement. Highlights included:
- developing a carefully curated short list of best-fit candidates for the vacant CFO role
- consulting with the client during the selection process and providing key support during the transition to a new CFO
- delivering our strategic recommendations at the client's quarterly board meeting
The experts at Tatum have decades of experience working consultatively with clients to identify executive successors, improve operational efficiency and ensure long-term profitability and growth. Connect with our team today to learn how we can power your success, too.
