What is the role of a CEO?
In an organization, the President and CEO fulfills two important roles at the highest levels of the hierarchy. On the one hand, this manager implements the strategic decisions of the Board of Directors (CA) and on the other hand, he ensures that the various managers fulfill their respective missions.
The mandate of a CEO is to see to the development of an organization. Its actions aim to produce value for the owner, increase the competitiveness of the company and make the organization sustainable. For this, the CEO will have to mobilize the various departments and expertise of the company, at all levels.
During his mandate, a President and CEO must ensure that he establishes a good working relationship with the Board, because all his actions are based on the prior strategic work of the Board of Directors.
At certain key moments in the growth of a company, it happens that a president and CEO is recruited to accomplish very specific missions, sometimes urgent or temporary. These priority missions may be of a commercial or organizational nature. They usually originated in a prior strategic reflection of the Board and aim to provide solutions to well-identified problems.
The main employers recruiting CEOs are international companies, large companies and SMEs. To become President and CHIEF Executive Officer, a senior executive must have accumulated at least 15 years of experience in management positions, be familiar with the sector in which the company operates and, of course, have successfully carried out his or her mandates. A CEO candidate must unquestionably possess strong leadership skills.
Recruscope recruits high-performing CEOs in several sectors, including industrial and manufacturing, engineering and manufacturing, retail and business services.
Recruiting a CEO today
When it comes to recruiting a CEO, a company’s board asks itself several questions. For example, is this candidate the right person to implement our strategic plan? Did he stand out for his ability to run a business? Does he understand the culture and values of our organization? Will this new leader be able to use our expertise well once in office? And several other questions…
Hiring a CEO without specifying an organization’s needs can be expensive since the impact of CEO leadership is sustainable. Currently, the turnover rate of executives and executives is the highest in the last decade. This brings a lot of new recruitment opportunities for a new generation of senior executives.
Two fundamental factors explain this high turnover rate. First, there are planned retirements, which are currently numerous since they are related to the historically larger cohort of baby boomers in senior management positions. There is also the fact that companies need leaders with different profiles depending on the economic cycle: growth, recession, stagflation, etc.
The CEOs who are recruited today are evolving and will evolve in a new business environment, both at the organizational and commercial levels. This business environment already presents many new challenges in terms of human resources management, procurement, communication and marketing, as well as the implementation of sales strategies and sales channels. Today’s CEOs and senior executives are at the heart of this transformation.
Choosing the right CEO
It’s always best to go ahead and get a new CEO.
This period of reflection will make it possible to clarify the needs of the company and to better understand the profile of the CEO sought. It also eases the transition with the current CEO who is completing his term. It’s never too early to start the process of recruiting a CEO. For a headhunter, this is an exciting challenge that requires a lot of tact and experience.
Replacing a CEO in an emergency always involves an additional risk of inaccuracy. One may be tempted to skip steps in what should be a rigorous hiring process that considers all facets of leadership. This is a counterproductive attitude.
A sufficient period of time will allow you to select more good potential candidates for your CEO position. It will also allow you to get your hands on the kind of leadership you will need in the future and not just to fix the situation in the short term.
At Recruscope we have implemented a collaborative approach that promotes dialogue throughout the hiring process. This rigorous methodology will allow you to recruit the best candidates on the market for a CEO position. We invite you to contact Recruscope for the recruitment of a President and CEO by direct approach or to make your skills known.
To learn more about the different recruitment companies, we invite you to consult the catalog: https://montreagence.com/category/recrutement/