At Marble Hill Partners we take pride in maintaining an exceptional elite interim network that can add value to our clients.
But what determines whether an interim executive is an elite candidate for a private equity backed business?
Companies backed by private equity tend to generate a results oriented, risk taking working environment with an exceptionally high degree of visibility. Therefore, the skills and personality traits required of an outstanding executive in this industry differ compared to the general executive population.
Based on the function an interim operates in, there are distinguishing criteria that make the elite candidates stand out from the rest.
How we identify an elite interim CEO, CFO or Chairman
When looking to enhance a board with a talented interim Chairman, CEO or CFO our main focus is on identifying executives with extensive private equity experience. This is essential as it indicates that these executives have experienced and performed under high levels of pressure from both investors and the market.
A number of good candidates can have private equity experience, however an elite interim has experienced successful as well as challenging periods in a private equity backed business. Elite candidates have a proven track record of driving change through all stages of the investment cycle. They are able to showcase their ability to orchestrate business transformation, whilst managing their emotions and dealing with personal pressure in a professional manner.
How we identify an elite interim in other functions
This combination of positive and negative experience in an organisation is also a requirement for elite interim executives in roles reporting to the top three posts. No investment cycle is straightforward and having people who are able to identify and resolve issues effectively is crucial for private equity.
This experience often comes from a strong professional corporate background. Elite candidates will have achieved a level of executive management in successful corporations. These candidates have the experience, the formal training and most importantly they know what excellence looks like. Having seen what successful corporations look like, they have the knowledge and experience to develop a smaller, more dynamic business.
What’s more, the corporations they have worked for are of various sizes, cultures and structures. Elite interims have demonstrated they can work in both large and small organisations and they have the capacity to transition from a larger to a smaller business successfully. This requires flexibility and adaptability to changing circumstances which are essential traits of an elite interim. The elite interims that can demonstrate the above are more likely to have what we call the right “mindset” for private equity. Read more about our “mindset” study here.
Getting to know our elite interim network
Finally, what sets an elite interim apart are the references. We always make sure that our interims’ experiences and capabilities are cross-referenced by previous employees and colleagues. Considering the calibre of our elite network, it is not surprising that their referees claim they would hire them again!
In addition, we get to know our interims on a personal level and maintain a lasting relationship with them. This way we are able to provide personal references of our Elite Interims as we fully understand their career to date, motivations and ambitions.
Nick Kingma, Associate
News & Insight