CEO and CFO Succession – Global Decorative Surfaces Manufacturer (Part 1 – CEO)
Client Description
A Germany-based, family-owned global leader in printed and finished decorative surfaces, with revenues exceeding €1 billion and over 4,000 employees worldwide. The company holds a significant global market share and operates multiple production facilities in North America. Known for its collaborative and harmonious culture, its U.S. headquarters are located in the Midwest — an atypical location for the industry, whose main hubs are traditionally along the Southeast and Northeast.
Challenge
The long-tenured, highly respected U.S. CEO was approaching retirement. He had built a strong reputation within the company through an international career and deep technical expertise. The subsidiary, though profitable, faced competitive pressure from larger U.S. and Asian players and needed stronger sales momentum. To ensure continuity and protect proprietary technologies, headquarters deployed a trusted CTO to support the transition phase and work closely with the successor.
Solution
Expectations at headquarters were modest given the location and the relatively smaller scale of U.S. operations compared with competitors. TH Bender exceeded these expectations by launching a nationwide search that attracted top-caliber candidates, including executives from global corporations and Asia-based conglomerates. Our consultants presented the company’s strengths and culture in such a compelling way that candidates viewed the opportunity as highly attractive, despite initial concerns.
Given the prominence of several shortlisted candidates, TH Bender implemented strict confidentiality measures. All travel logistics — flights, hotels, and interview schedules — were managed in-house to ensure complete anonymity among finalists. This hands-on approach reassured both client and candidates and maintained the integrity of the process.
Results
TH Bender placed a charismatic, high-profile executive from a major industry player. He brought with him extensive industry contacts, international experience, and a strong public presence. His integration was immediate — he collaborated seamlessly with the interim CTO, requiring virtually no learning curve.
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