Stranberg Leads Executive Search for President/CEO of Midwest Family-Owned Industrial Services Company
Stranberg has been retained to conduct an executive search for the President/CEO position for a $100 million Midwest family-owned industrial services company. Built on a legacy of innovation, best-in-class service, outstanding performance, and a deep commitment to employees and community, this company is primed for immediate and long-term growth. Their "Blue Ocean" strategy sets them apart with a unique offering and clear benefits that begin on day one of customer engagement.
A Historic Leadership Transition in a Family Business
This executive search is particularly significant as the President/CEO role will mark the first time a non-family member leads the company in its one-hundred-year history. The transition supports the legacy and continuity of family ownership, with careful planning and complete alignment on goals, values and mechanics established by the Board and ownership.
CEO Responsibilities
Reporting to the Board of Directors, the President/CEO will oversee the leadership team to ensure the business meets all customer and financial commitments. The core responsibilities include:
Sustaining Market Leadership: Assessing and making effective decisions regarding opportunities and risks.
Evolving Vision: Leading the senior management team to achieve both short-term budgetary compliance and long-term strategic results.
Communicating Vision: Sharing the company's future vision with all employees and recognizing their successes.
Identifying New Revenue Streams: Evaluating potential new revenue opportunities and acquisitions while balancing growth, capacity, and profitability.
The President/CEO will inherit a company with a strong, positive culture and sound financial and operational health. The primary focus is on the strong continuity of leadership, including:
Market Definition: Interpreting the current and future market, including geography, competitors, and developments.
Strategic Focus: Maintaining a clear understanding of the company’s business scope.
Balancing Present and Future: Ensuring present yields are sufficient while investing in the future.
Maintaining Values and Engagement: Upholding company values and standards and ensuring high levels of employee engagement.
Family to Non-Family CEO Succession Planning
The ideal candidate for this role will have over fifteen years of experience, including leading a major function and at least five years of general management experience. They should possess substantial strategic planning and execution experience and the ability to understand market, customer, and competitor dynamics.
The role of a non-family CEO is to collaborate with the board and family ownership in the pursuit of family business's vision, values and operating culture
This executive search underscores the importance of leadership continuity and strategic vision in family-owned businesses. Stranberg's role in facilitating this transition reflects its commitment to aligning talent with the unique needs of family enterprises, ensuring sustained growth and innovation for generations to come.
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