A $900M family-owned business in the food-processing industry was dealing with a complicated succession scenario:
The first non-family member CEO had grown the business at an impressive pace, and the candidates vying to replace him consisted of six members of his team – three family members, three non-family members. To make matters more complex, the three family member candidates were also on the Board. The CEO and Chairman of the Board were seeking a partner to help create a future-focused success profile and assess the candidates against it to objectively evaluate successor readiness.
Vantage recommended one candidate as being ready to ascend to the CEO role immediately, with two other candidates being close pending further development. The Board went on to interview these three candidates and ultimately selected the ready-now candidate.
Participants said of the process:
Vantage Leadership Consulting is the leader in partnering with organizations to identify and develop world-class leaders who can drive their companies’ business strategies to success.
From leadership assessments and coaching to succession planning to leadership development programs and high-performance team development, Vantage has spent more than four decades focused on a single mission: ensuring their clients have the leadership required to win in their marketplace.
Founded in 1976, Vantage is based in Chicago, IL and serves clients worldwide.