The MB Interim Leaders Solution
By: Rod McDermott & Hayley Miller
How often do you hear the warning, “always be prepared for the worst case scenario”? This cautionary phrase is much easier said than done, especially for businesses. Every company strives to assess their potential risks and determine solutions, however no company can prepare for every issue. Unexpected turbulence will inevitably occur, leaving stakeholders, shareholders, and board members ill prepared in finding a solution. Perhaps the most critical problem a business encounters is weak executive leadership during an unstable period. Many companies face a roadblock when they cannot afford to hire full time executives, yet they have a dire issue that needs to be solved, such as a merger, acquisition, divestiture, growth, integration, or turnaround. This is where interim executives play a critical role.
Interim executive leadership firms have gained recognition in the past decade, garnering support from businesses that have achieved success by placing an interim executive at their company. It is important to note that in the interim executive space, choosing the correct executive search firm is even more crucial, as companies require quick placement and exceptionally skilled executives in order to effectively solve their problem. MB Interim Leaders, a McDermott & Bull Executive Search Company, helps make that choice simple.
Founded in 2011, MB Interim Leaders (MBIL) discovered a need in the marketplace for clients who had an urgent requirement, however could not hire full time executives to solve the issue. MB Interim Leaders are proficient in efficiently run, well-managed companies that need to fill a gap in their business. The firm is also effective with turnarounds, having achieved success for numerous clients in a variety of industries. One recent case in particular accurately reflects MBIL’s proven methodology in hiring and placing interim leaders for turnaround projects and consistently achieving positive results.
Rebecca Miller, Director of Business Development, received a phone call from a client who faced operating challenges and was seeking a CEO to support and repair major issues at one of their facilities. Rebecca honed in on the key attributes the company was looking for in a CEO including specific industry experience and a track record of effectively restructuring and stabilizing businesses. With the aid of Angela Anderson, Director of Talent Acquisition, MB Interim Leaders found the ideal Interim CEO within one day of receiving the call. After a mere ninety days, the CEO managed to solve their most critical problems and the client requested he transfer to another location to accomplish a supply chain and quality turnaround. Due to the quick response time and successful placement at the highest level, the client requested that MB Interim Leaders build out an entire team of operating executives including supply chain, production management, quality, and a number of other operating roles. Since placing the Interim CEO and operating executives, the client has achieved a substantial turnaround at their facilities.
What differentiates McDermott & Bull from other executive search firms and MBIL from other interim leadership firms? Why can they succeed where other firms cannot? The answer lies in McDermott & Bull’s unique model. Rather than splitting resources from McDermott & Bull’s Retained Executive Search business, Rod McDermott chose to create a separate entity entirely devoted to Interim Executive Leadership. In doing so, MBIL’s founders are able to remain heavily involved and active in daily client interactions and searches. Clients receive regular contact and feedback from MBIL’s highest executives, thus reassuring clients that their search is in qualified and experienced hands. Additionally, by focusing entirely on interim positions, it allows for a quick response with quality candidates in a normally niche market. The client’s needs are always first and no position is too difficult to fill.
Lastly, MBIL utilizes its other divisions of McDermott & Bull in order to best succeed. McDermott & Bull’s Executive Network currently has 7,000 members and 1,800 active members who regularly attend monthly McDermott & Bull networking events. These executives range from Senior Directors to CEOs who previously worked at Fortune 1000 companies. By consistently remaining in close contact with these C-Level Executives, it allows MBIL to easily match skilled executives with new client projects quickly. Through a hands-on approach from executive management, efficient recruitment, and networking capabilities MBIL achieves the results clients ideally seek, but didn’t know were achievable.
MB Interim Leaders has experience in a variety of functions and industries. Most notably, MBIL has placed leaders in private equity, venture capital, consumer goods/ products, manufacturing, consumer packaged goods, healthcare/ health services, food, beverage and restaurants, aviation and aerospace, and technology. MBIL is well versed in placing candidates in a variety of functions including executive leadership and strategy, finance/ accounting, operations, supply chain logistics, information technology, human resources, and sales and marketing. To learn more about what MB Interim Leaders has to offer, please visit www.mbinterim.com