Succession planning actually begins with hiring the right people in the first place. During a search, we pursue individuals who can be winners at any company. Like a great athlete, do they combine their talents with hard work, commitment and tenacity? Are they natural leaders, visionaries, and people of integrity?
Bringing effective leaders to organizations has an obvious ripple effect. When placements work out well, it means success for the individuals, who inevitably experience professional growth and career satisfaction, but also for the company, in multiple ways. Quality leadership with continuity can impact product innovation and development, manufacturing, distribution, market share, and ultimately, investment returns.
Listed here are several examples of leaders placed by Timothy Smith, ASLON’s CEO, who matched-up well with their employers and subsequent employers, allowing them to play significant roles in growing businesses, while further developing their leadership skills. They have all advanced to become senior leaders of billion-dollar companies.
Current Role: Chairman and CEO, Materion Corporation (formerly Brush Engineered Materials)
Revenue: $1 billion
Placed in 2000 as VP/GM of division at Brush Engineered Materials.
Current Role: President and CEO, Forest City Enterprises, Inc. (real estate)
Revenue: $12 billion
Placed in 1986 as a financial analyst, Forest City Enterprises. He served in several positions, including executive VP of real estate operations and President and COO of Forest City’s Commercial Group.
Notable: CEO is the first non-member of the firm’s founding family to head the Cleveland-based real estate concern in 50 years as a public company and its entire 90-year history.
Current Role: VP Services – IIG at EMC (information technology)
Revenue: $15 billion
Placed in 1994 as a consultant for Hewlett-Packard, eventually overseeing $1 billion outsource division at HP.
Current Role: President and CEO of Digital Globe (imagery provider)
Revenue: $322 million
Placed in 1999 as CEO of Hoovers (business information). Prior to Digital Globe, served as President and COO of IHS, Inc. ($1.1B revenue)
Current Role: Divisional General Manager, Covidien (healthcare products)
Revenue: $10 billion
Placed in 2003 as Sr. VP of Sales and Marketing of Source One; then served as a VP and Divisional General Manager GE Healthcare Technologies.
Current Role: EVP and Chief Strategy and Technology Officer, Hewlett-Packard
Placed in 1995 as CTO for Cadence Design. Christian & Timbers placed again in 2002 as CTO for Compaq (purchased by HP).
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