Forget the ‘War For Talent’ … Things just got real!

Good leaders are critical to driving growth and productivity, yet organisations are finding it more difficult to attract next-generation leaders and high potential talent. The Chartered Management Institute recently stated that 64% of employers think lack of leadership and management is holding back growth. They also claim poor management could be costing UK businesses over £19 billion a year. The UK Labour Market Report recommends that the UK needs to appoint 200,000 managers and leaders every year, and the workforce is contracting on both sides of the coin.

There aren’t enough young professionals coming into the market at the bottom, and many are retiring at the top. This is not a cyclical shift as described in McKinsey’s ‘War for Talent’ in the late 90s. This is systemic.

To meet these challenges, businesses need to consider their EVP, and even more so, their behaviours. They need to be more attractive, more compelling, and take a more macro-perspective on recruitment.

Norman Broadbent Solutions has seen an increasing number of clients seeking help to address problems with their talent attraction and engagement strategy. Our advice is that it’s no longer about merely appointing candidates based on technical capability, but aligning them culturally, and assessing them from a purpose, integrity, values, and resilience perspective. As no company is the same, and each has to develop an engaging and compelling proposition, our advice is increasingly bespoke to achieve the desired outcomes.

If you would like to discuss this topic in greater detail or find out more about how we can help you, please do not hesitate to contact us for an initial and confidential conversation. For more details contact Angela Hickmore  on +44 (0) 20 7484 0153 or on  angela.hickmore@normanbroadbentinterim.com

 

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Industrial People Moves: October 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider Industrial marketplace.

If you would like to discuss the Industrial marketplace or how Norman Broadbent can help your business, please contact Nick Behan on nick.behan@normanbroadbentinterim.com or +44 (0) 0207 484 0106 or Tony Robinson on tony.robinson@normanbroadbentsolutions.com or +44 (0) 20 7355 6930

  • Airbus has chosen the recently appointed head of its flagship commercial aircraft division as its new chief executive, Guillaume Faury. Airbus has appointed Christian Scherer to chief commercial officer.
  • Great Portland Estates has called on property and finance veteran Richard Mully as its new chairman.
  • ENERGY businesses SSE and Innogy have appointed Martin Read as chairman designate of the business that will be formed by the merger of their retail arms.
  • Centrica has hired Richard Hookway to run the company’s struggling business unit.
  • Aston Martin has named several new board directors as it sets its sights on a place in the FTSE 100 following its stock market flotation later this year.
  • The company named former RBS director Penny Hughes as chairman.
    The non-executive directors named are:

* Former InterContinental Hotels chief executive Richard Solomons

* Former Sainsbury’s executive Imelda Walsh

* Former Deutsche Bank and Deloitte director Peter Espenhahn

* Director of the Arab British Chambers of Commerce Lord Matthew Carrington

* Professor of Business and Society, Professor Tensie Whelan

  • MILLER HOMES Miller Homes, a large UK national house builder, has appointed Scott Chamberlin to its board as divisional managing director with responsibility for strategic land.
  • Phelan Energy, a solar energy developer founded by former beef processor Paschal Phelan, has hired Jon Dyar Boles, a seasoned project finance operator, to head up its international headquarters in Dublin.
  • Aer Lingus chief executive will be succeeded by Sean Doyle, who is currently director of network, fleet and alliances at fellow IAG-owned group British Airways.
  • British Airways parent International Airlines Group has appointed Flybe executive Vincent Hodder to run its low-cost carrier Level.
  • Flybe has appointed former fighter pilot and assistant chief of air staff in the Ministry of Defence (MoD) Sir Timothy Anderson as chief operating officer.
  • Bristol Airport (BRS/EGGD) has said it has appointed three new directors including a new Chief Financial Officer (CFO)
  • Jason Clark joins the airport having previously been the CFO for Condor Ferries, the main ferry operator between the UK, France and the Channel Islands.
  • Graeme Gamble has been appointed as Chief Operating Officer (COO) to replace retiring Operations Director, Paul Davies. Graeme will join in January 2019 from NATS, where he is currently responsible for air traffic control services at seven UK airports. Graeme also spent two years with the Civil Aviation Authority as an aerodrome inspector and has also held key operational roles at London City Airport and Cardiff Airport.
  • The 3rd appointment is Debbie Hartshorn who has been promoted to the position of People Director
  • British Airways today announced that Andrew Brem is appointed Chief Commercial Officer and a member of the British Airways Management Committee
  • UK airport group MAG has promoted Jonathan Haigh and Andrew Blackshaw to lead its property operation.
  • McCarthy & Stone PLC:* DIRECTORATE CHANGE* ANNOUNCES APPOINTMENT OF JOHN TONKISS AS CHIEF EXECUTIVE OFFICER

 

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Finance People Moves: October 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider Finance marketplace.

If you would like to discuss the Finance  marketplace or how Norman Broadbent can help your business, please contact Jonathan Stringer on jonathan.stringer@normanbroadbentinterim.com or +44 (0) 020 7484 0036 or Wayne Poulton on wayne.poulton@normanbroadbentsolutions.com or +44 (0) 20 7355 6941

  • Moneysupermarket has appointed Scilla Grimble to the board as chief financial officer, subject to regulatory approval.
  • Saga, the UK travel and insurance company for the over-50s, has appointed a Zurich insurance executive as its new finance chief.
  • Uber has recruited Nelson Chai, former finance chief at Merrill Lynch and the New York Stock Exchange, to be its chief financial officer.
  • Royal Bank of Scotland could soon have women as both chief executive and finance director, after the UK government-controlled bank said Katie Murray would become interim chief financial officer in October.
  • Game Digital has announced that its interim finance director, Ray Kavanagh, has joined the company on a permanent basis.
  • Zurich Insurance Group said it has appointed Helen Pickford as U.K. chief financial officer.
  • Paul Morden has been named chief financial officer (CFO) for Munich Re UK Life Branch.
  • Wealth management company Brewin Dolphin Holdings Plc named Siobhan Boylan as its new finance director.
  • The Financial & Risk business of Thomson Reuters (NYSE/TSX: TRI) today announced that Brian J. West has been appointed Chief Financial Officer of Refinitiv effective November 5, 2018.
  • TradeRisks Ltd, which provides independent advice, financing and risk management solutions to UK and international groups within the housing, social infrastructure and public sectors, has appointed Richard Stubbs as its CFO.
  • UK specialist information management solutions and services group Idox said it has appointed Rob Grubb as chief financial officer, with effect from November 1.
  • Commonwealth Bank today announced the appointment of Alan Docherty as Chief Financial Officer.
  • Compass Group appointed Kingfisher’s Karen Witts as its chief financial officer.
  • DOMINO’s has appointed its latest finance chief, David Bauernfeind, who becomes the fourth person in four years to hold the position.
  • Bristol Airport (BRS/EGGD) has said it has appointed three new directors including a new Chief Financial Officer (CFO). Jason Clark.
  • Sovereign Housing Names Rita Akushie As Interim CFO.
  • InterGen, a global independent power producer, today announced the appointment of Paul Teague as chief financial officer.
  • Jennifer Mathias is to join Rathbone Brothers as chief financial officer next year.
  • Following completion of the MBO in September, Coversure Insurance Services has announced the appointment of a new Group Chief Financial Officer.
  • LOW-COST exercise chain The Gym Group has appointed former Tesco director Mark George as its chief finance officer (CFO).
  • Exscientia, the innovative company at the forefront of Artificial Intelligence (AI)-driven drug discovery, is pleased to announce the appointment of Mr Georgy Egorov as Chief Financial Officer.
  • Countryside has appointed chief financial officer Becky Worthington as its chief operating officer, with group financial controller Mike Scott taking over as chief financial officer.
  • Westminster Group Names Mark L W Hughes As Chief Financial Officer.
  • Jesper Andersen was appointed as the new chief financial officer (CFO) of consumer goods company Upfield, which specialises in spreads. Upfield is a former subsidiary of Dutch-UK based consumer goods giant Unilever.
  • LOUISA BURDETT TO SUCCEED DOUG WEBB AS CHIEF FINANCIAL OFFICER OF MEGGITT.
  • Munich Re UKLB appoints Paul Morden as CFO.
  • Debenhams has appointed Rachel Osborne as chief financial officer.
  • Yu Group, a supplier of gas and electricity to the UK corporate sector, said it has appointed Paul Rawson as chief financial officer.
  • Intertek Promotes Ross Mccluskey To Group CFO Role.
  • Britain’s budget hotel chain easyHotel Plc named Gary Burton as its chief financial officer effective October 29.
  • British wealth management firm Tilney has appointed Andrew Baddeley as its new group CFO.
  • Pharmaceutical giant GlaxoSmithKline (GSK) has confirmed the appointment of HSBC’s outgoing finance chief as its new chief financial officer: Iain Mackay.
  • Schroders is announcing the appointment of Claire Walsh who will join Schroders later this month as Personal Finance Director, working across the entire Schroders Group, including communications, business development and public affairs.
  • Halfords has appointed a new chief financial officer. The plc has recruited Loraine Woodhouse.
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Is Sector Experience Overrated?

With the Brexit deadline looming and economic uncertainty still at large, many organisations are reluctant to take what they perceive to be hiring risks. Companies have sought to mitigate it by only recruiting senior finance professionals from within sector. The rationale is that candidates such as these will add immediate sector-relevant value. In our opinion, the importance of sector experience can be overrated, often at the expense of other professional, leadership and technical competencies. As a consequence, candidates who have real potential to make a positive impact can be overlooked.

When assessing candidates during the hiring process, sector experience is easier to check than other competencies which may take more time and effort. Because of this, sector experience can take precedence over competency when hiring decisions are being made. By playing it safe and only recruiting within sector, some organisations could be limiting the potential of their finance function.

Fear of appointing outside of the sector could prove a mistake, resulting in employers losing out on motivated, skilled, high potential talent. Often, cross sector talent can bring with it diversity of thought and ideas, creativity, innovation, and renewed energy, all of which can be differentiators in a competitive talent market.

Whilst recognising that there are occasions when sector experience is important, our omnichannel approach at Norman Broadbent Solutions is to be proactive around diversity and engage passive talent who are best in class. Our proven approach has produced an exceptionally high success rate in allowing the finance professionals we appoint to materially raise the bar in terms of finance team performance and their contribution to the broader business. In the current business climate, businesses need to innovate and adapt to survive and thrive. To harness the skills of talented finance professionals and ensure that finance teams genuinely contribute to business growth, do employers need to be more open-minded on the subject of sector experience?

If you would like to discuss this topic in greater detail or find out more about how we can help you, please do not hesitate to contact us for an initial and confidential conversation. For more details contact Wayne Poulton  on+44 (0) 20 7355 6941 or wayne.poulton@normanbroadbentsolutions.com

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Supply Chain & Procurement People Moves: October 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider Supply Chain & Procurement marketplace.

If you would like to discuss the Supply Chain or Procurement marketplace or how Norman Broadbent can help your business, please contact Neal Mankey on neal.mankey@normanbroadbentinterim.com or +44 (0) 20 7484 0116 or James Peskett on james.peskett@normanbroadbentsolutions.com or +44 (0) 20  7355 6936

  • The Instant Group, a specialist in flexible workspace, has appointed Laura Hobbs as Global Head of Supply Chain.
  • Kingfisher today announces a change in the leadership of the Offer and Supply Chain organisation with Arja Taaveniku being succeeded by Henri Solère.
  • Cromwell, the largest broad line supplier of MRO products serving businesses and institutions in the UK, and a subsidiary of Grainger, has announced the appointment of Neil Jowsey as Managing Director.
  • Target has named Gemma Kubat as senior vice president, supply chain engineering and activation.
  • LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today announced it has named James (Jim) Guilfoyle executive vice president, Advanced Polymer Solutions and Global Supply Chain.
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Risk People Moves: October 2018

The following appointments have all taken place during the last few months, covering the full breadth of the wider Risk marketplace.

If you would like to discuss the Risk market or how Norman Broadbent can help your business, please contact Mike davies on mike.davies@normanbroadbentinterim.com or +44 (0) 20 7484 0067 or David Cooper on david.cooper@normanbroadbent.com or +44 (0) 20 7484 0110

  • Risk and legal services consultancy Consilio has announced the appointment of James MacGregor as a new Managing Director to its UK wing.
  • Chris Macklin will take the role of chief risk officer at the Manchester-headquartered,Peer-to-peer business lender Assetz Capital.
  • KPMG appoints risk management chief after accounting scandals: lawyer Mary O’Connor.
  • Liberty Mutual’s Global Risk Solutions (GRS) strategic business unit joined two areas that independently provided credit and political risk products into a single global product. The new unit, based in London and with global reach, is led by Peter Sprent, Head of Financial Risk Solutions, Liberty Specialty Markets (LSM).
  • Artemis Investment Management, a UK-based fund manager, has appointed Ross Millar as its new chief risk officer and partner.
  • The Pensions Regulator (TPR) has appointed Jo Hill as its first executive director of strategy and risk.
  • Vasileios Madouros, who was a senior manager at the Bank of England has been appointed as the director of financial stability at the Central Bank of Ireland.
  • KPMG’s UK wealth management team has hired former Nutmeg chief operating officer (COO), Bill Packman (risk expert).
  • JLT Specialty said it appointed Nigel Somerville as head of risk consulting for Europe.
  • Standard Chartered PLC named Tracey McDermott to replace Neil Barry as group head of compliance.
  • Royal Bank of Scotland (RBS) has appointed Bruce Fletcher as its new Group Chief Risk Officer, subject to final regulatory approval.
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