New non executive directors and multiple new board directors for a FTSE financial services company

The role -
Our client was a new FTSE 100 financial services company established to provide the public markets with a series of restructuring opportunities in its sector. New non executive directors were required for the Group board as well as multiple new board directors for the underlying holding company created for the various acquisitions it planned to undertake.

The requirements -
The mandate was to strengthen the Group board and to create a FTSE 50 plc calibre holding company board. Together, the group of candidates appointed were to have the appropriate skills and experience to create a sophisticated, entrepreneurial, change-driven holding company board capable of driving industry consolidation and preparing for a future IPO. All candidates were to be comfortable with joining an organisation with a complex corporate governance structure which was both high profile and closely scrutinised by the FSA, markets and opinion formers.

The solution -
Four non executive directors with international experience were appointed to strengthen the Group board. A new chairman and four new non executive directors were appointed to the holding company. Succession planning consultancy facilitated the appointment of a new CEO to the holding company. These assignments were completed within twelve months and current mandates include the Group Finance Director and two further non executive director roles.