Multi-national, enterprise company divested a $30 million business unit in the design and manufacturing industry. With new private equity ownership, the existing President was promoted to CEO, and the plan was to establish a team of executive leaders. However, the CEO's experience was primarily within large enterprise organizations, making them new to private equity and leading significant change within a private, high-growth org. Key challenges included potential talent attrition and the need to build a business infrastructure, including HR, from the ground up. Cura HR was engaged to provide structure and stability for the CEO, support their leadership team and the broader employee base, improve ownership, leadership communications, and achieve a smooth transition from a Transitional Services Agreement (TSA) within three months.
Multi-national, enterprise company divested a $30 million business unit in the design and manufacturing industry. With new private equity ownership, the existing President was promoted to CEO, and the plan was to establish a team of executive leaders. However, the CEO's experience was primarily within large enterprise organizations, making them new to private equity and leading significant change within a private, high-growth org. Key challenges included potential talent attrition and the need to build a business infrastructure, including HR, from the ground up. Cura HR was engaged to provide structure and stability for the CEO, support their leadership team and the broader employee base, improve ownership, leadership communications, and achieve a smooth transition from a Transitional Services Agreement (TSA) within three months.
