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The main employers of a president and CEO
- International companies
- Large companies: distribution, manufacturing, manufacturing, services, etc.
- Other national companies
The skills of a President and CEO
- Know how to create a relationship of trust with the Board of Directors (CA)
- Make good use of the specific expertise of the members of the Board
- Strong interpersonal and decision-making skills
- Be comfortable in the sector of activity where the company operates
- Share the vision of the owner and other stakeholders
The duties of a President and Chief Executive Officer
While the Chairman of the Board of Directors (BOD) of a company ensures that the directors fulfill their respective missions, the Chief Executive Officer implements strategic decisions. The President and Chief Executive Officer fulfills both of these roles.
If he is not the historical founder of the company and has been recruited externally, the PRESIDENT and CEO will have to establish a good working relationship with the Board. Sometimes, he will also have to respond to the special missions that will be entrusted to him. All its actions will have to be based on the strategic work of the Board.
The challenges that the Board considers to be priorities may be of a commercial or organizational nature. The mandate of a President and Chief Executive Officer is carried out in such a way as to ensure the development of the organization and his ultimate objective is to increase its competitive capacity and to ensure the long-term future of the company.
A well-informed President and CEO will ensure that the respective expertise of each member of the Board is used. He will also develop an attractive employer brand that will facilitate the retention and recruitment of the company’s current and future employees.
The mobilizing role of the President and CEO is obviously of the utmost importance and it begins with the recognition of the skills and expertise of employees at all levels of the company.
The current challenges of a PRESIDENT and CEO
The current challenges faced by a CEO are specific to each company, but there are constants. Currently, the turnover rate of senior executives and executives is the highest in the last decade.
Two factors explain this phenomenon. First, there are planned retirements, or even pre-empted because of the pandemic, that 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 according to economic cycles (growth, recession, stagflation, etc.).
Today’s CEO operates in a changing organizational and competitive environment that poses challenges in recruiting and retaining strategic talent.
The responsibilities of a President and CEO
The responsibilities of a CEO are crucial to the development of a company. This may involve meeting the challenges that the Board considers to be priorities or accomplishing specific missions. In all cases, it is a question of making the company sustainable and increasing its competitive capacity.
We invite you to contact Recruscope for the recruitment of a President and CEO by direct approach or to make known your skills in this field.