A leading services provider in the global video gaming sector experienced substantial growth, with a projected turnover of £12 million for the upcoming fiscal year. The business had recently welcomed private equity backing; however, the original CEO faced difficulties adjusting to the new investment landscape, eventually taking an extended medical leave.
A temporary CEO was brought in but did not possess the required leadership qualities to enact significant change, resulting in their departure. The investment firm acknowledged the need for a more robust senior leadership team to realise their long-term growth objectives.
A key part of this strategy was the essential appointment of a Chief People Officer (CPO) to maintain the company’s distinctive culture and attract the necessary talent for ongoing expansion.
Understanding the delicate dynamics of the situation, we drew upon our extensive expertise to execute a bespoke search strategy.
Within two weeks, we presented two highly qualified benchmark candidates. Just a week later, we completed the shortlist, presenting our client with a valuable array of choices. Each candidate brought distinct strengths, diverse backgrounds, and a wealth of experience, offering the client a genuine selection dilemma.
After making their selection, the client relied on our ability to keep this highly sought-after individual engaged while they fielded multiple offers. Our strategic advice enabled the client to negotiate a reduced initial salary for the CPO, with the promise of substantial potential equity returns, optimising the cost base.
The new CPO’s arrival enhanced the senior leadership team, positioning the company for a new phase of structured growth and cultural evolution.
In fulfilling one of their pivotal responsibilities, the new CPO spearheaded the revamp of the company’s go-to-market and commercial strategy. This transformation addressed inefficiencies in the existing charging model and personnel costs, igniting a notable enhancement in the company’s overall business model and profitability.
