REPOSITIONING LEADERS FOR THE MARKETPLACE
Company “A” had prepared itself for years to file and complete an Initial Public Offering (IPO). During the offering process, the current leadership had proven itself and was able to bring the company to the point of the IPO, but lacked the communication and marketing skills that would garner the best IPO price. Subsequently, the IPO was pulled until the right person, or persons, could be found for leading the company through the IPO process and then continue its growth trajectory for the next 10 years.
The board of directors realized a change was needed at the top, and they turned to me to execute a changeover in leadership. I interviewed the current leadership teams and researched the needs the marketplace was expressing that were not being met by Company A. I returned to the board with the criteria I felt the new leadership team would need to meet if the second entre into the IPO market was to be a success.
As a result, the board requested that I handle the transition in leadership and manage the many emotions and egos a transition of this type can foster.
The result was a smooth transition in leadership, very little market disturbance and successful placement of the right leadership team for the next IPO filing. The IPO was a resounding success, and previous and current leadership teams were all rewarded. The focus was on the growth and welfare of the company and its new shareholders – where it should have been the entire time.
David is a trusted executive resource and a right arm to the CEO and Chairman. He effectively has led not only strategic required steps but also complex issues including transitioning of management teams to insure employee and shareholder confidence and respect going forward for all involved.
Ed S. - Chairman of the Board