Industrials: Interim Update

Across the Industrials sector, Norman Broadbent’s Interim CFO Practice has supported a multitude of clients seeking advice, market insight, and benchmarking for singular and project hires. With Brexit negotiations going down to the wire, and increased pressure from competitors, the requirements for exceptional interim finance leaders has never been so strong across both PLCs and SMEs.  We are seeing a greater need for interim executives who are well versed in shaping and determining strategy, securing funding, liaising with key investors, and streamlining existing financial processes on large scale transformation programmes.

We recently partnered with a major UK transportation business that required our support in bolstering the CFO’s bench of finance leaders with career interim talent. The individuals selected from our network not only had precise functional expertise but also a solid and proven track-record of delivering within the sector. This particular client was seeking an Interim Group Finance Director for a sustained period whilst the current incumbent dealt with integrating a major overseas acquisition. The combination of our speed to hire, our 40-year-old network, precise shortlisting and vetting processes gave the CFO great confidence during a chaotic period. This has allowed us to build a good foundation from which we will continue to support with multiple hires during their M&A activity.

Since September 2019 we have also supported a major UK Water Supplier with a technically gifted Group Financial Controller, a Waste Management business with an Interim Head of Internal Audit and an Automotive supplier with an ERP Programme Director. Our clients have been utilising our Interim Executives for gap management as well as delivering finance transformation and change projects across their businesses. This has resulted in the achievement of significant cost savings, when historically businesses would have defaulted to utilising consultancy firms to bridge the gap where key technical finance skills are required.

At Norman Broadbent our experienced and high performing Interim Management team is regarded as a trusted advisor to business leaders and finance professionals. Our sector & functional expertise allows us to blend our knowledge of the Interim Executive markets, and most importantly provide a “best in class” solution for our clients.

Should you be keen to discover more about our services and how we may help you, or to discuss a specific assignment, please do not hesitate to contact me for an initial confidential discussion via kristian.lee@normanbroadbentinterim.com or on +44 (0) 20 7484 0119.