CEO and CFO Succession – Global Decorative Surfaces Manufacturer (Part 1: CEO Search)

Part 1 of a dual mandate – Part 2 (CFO search)

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Contents
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    Summary

    Summary

    Mandate

    CEO succession for the U.S. subsidiary

    Search

    Nationwide direct search under strict confidentiality measures

    Client

    Family-owned global leader in decorative surfaces, revenues above €1 billion, over 4,000 employees

    Location

    U.S. headquarters in the Midwest

    Result

    Placement of a high-profile industry executive; follow-on mandate for the CFO search

     

    The Client

    The Client

    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.

    Parent Company (Germany) U.S. Subsidiary
    Profile Family-owned global leader in printed and finished decorative surfaces U.S. headquarters with printed-surfaces production in the Midwest; second facility for finished surfaces in the Southeast
    Size Revenues above €1 billion, over 4,000 employees worldwide Over 100 employees across design, décor development, and sales
    Footprint Production and sales locations across Europe, the Americas, and Asia Multiple production facilities in North America
    Leadership Group headquarters in Germany CEO on site; finance function with an additional direct reporting line to headquarters
    The Challenge

    The 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.

    The Solution

    The Solution

    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.

    The quality and breadth of the shortlist impressed the client to the point of considering an additional senior role for one of the runners-up in a major Asian market. Shortly thereafter, the company retained TH Bender again – this time to recruit its new U.S. Head of Finance – a clear signal of the client’s satisfaction.

    → Continue to the second mandate (Part 2: CFO search)

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