All mandates
Reference QC-23-038
Managing Director, founder succession
Client
Precision tooling manufacturer, Lyon
118
Mapped
33
Approached
3
Shortlisted
16
Weeks to appointment
Practice
Industrials & Family Business
Partner
Mathilde Varenne
Year
2023
Situation
The founder of a precision tooling manufacturer wanted to step back after thirty-five years. None of his children wished to run the company, and two long-serving directors expected to be considered.
Approach
We assessed both internal candidates alongside the external longlist, discreetly and to the same standard. Each family member and both directors were interviewed separately before the profile was agreed.
Result
An external candidate was appointed, and one of the internal directors became chief operating officer. The founder moved to the advisory board after a twelve-month handover.
Outcome
Founder moved to the advisory board after a twelve-month handover.