Stranberg Leads Executive Search for Chicago based Industrial Products Company
Stranberg, the premier executive search partner for family business, has been retained to conduct an executive search for the Chief Financial Officer (CFO) for a mid-size ($100-$200M) privately held manufacturer of custom engineered products.
Headquartered in the western Chicago suburbs with three U.S. manufacturing locations, this company is a leader in its industry, delivering high-quality products to customers in a variety of industries, including automotive, aerospace, medical devices, and primary metals, amongst others. This is a dynamic and growing business committed to innovation, quality, and customer service, supported by a positive culture that emphasizes results through teamwork and cross-functional collaboration.
The Chief Financial Officer will play a crucial role in the company's continued success and growth. Reporting to the CEO, the CFO will work with the Leadership team to ensure the business delivers on all customer and financial commitments.
The CFO’s scope of responsibility includes directing the company’s fiscal function and performance, encompassing finance, accounting, strategic financial planning, due diligence, cash flow planning, organic and inorganic growth, and risk management. The CFO will collaborate with Operations, HR, Legal, and IT while also working closely with senior executives to create plans and opportunities for the maximum benefit of the company.
The CFO’s top priorities include:
Planning, directing, and controlling all financial processing and associated administrative functions.
Providing advice and recommendations on the financial implications of key business decisions, including potential acquisitions, investments in new technology, and market expansion.
Increasing company value through improved cash management and spending efficiencies.
Implementing and overseeing risk management strategies and tools that enable opportunities for growth.
Requirements:
Proven ability to communicate timely, succinct, and accurate financial performance and information to all key stakeholders orally and in writing; providing data and answers before questions arise.
Demonstrated ability to supervise, manage, and develop a financial team.
Experience leading the financial aspects of capital investments and acquisitions due diligence, including forecasting and analyzing the return on invested capital.
Thorough practical experience and understanding of standard costing.
Experience with internal control best practices.
Undergraduate degree in Accounting required; CPA and MBA preferred.
At least fifteen years of progressive financial/accounting leadership experience in a growth-oriented industrial or consumer products manufacturing company.
Vision for the Chief Financial Officer Role
The CFO will be instrumental in developing robust financial strategies, optimizing cash management, and safeguarding company assets. The ideal candidate will bring over 15 years of financial leadership in manufacturing, with a strong background in strategic planning and investment analysis. Stranberg seeks a visionary leader committed to guiding the company towards sustained growth and financial stability.
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