CS No. 061012 – A Tier One Automotive Supplier. A $15B Fortune 200 publically traded Automotive Supplier Company in Southfield, MI.
Coaching a senior executive who is a prime candidate for the CEO position of a $15B Fortune 200 corporation.
In 2010 the current CEO announced his retirement. The company’s board started a global search for a qualified individual to replace the retired CEO. One of the candidates was the current CFO and one of the top runners for the job.
Out of a concern for his personality’s traits and his “Rough” management style, the Board of Directors decides to offer the individual the opportunity to participate in executive coaching engagement with the intention and objective to elevate his executive presence, soften his management style and make his leadership footprint highly approachable and visible.
The Challenge: The individual has over 20 years of senior management experience, highly accomplished and opinionated with an impressive track record of results, including taking the company successfully through the bankruptcy process and bringing it back to life, and does not see clearly why there is a need to make any personal changes.
During the board selection process and after 6-month of coaching:
- The individual was selected for the job with a majority board approval
- During the process the company outperformed its business projections
- The company maintained its consistent leadership presence within its customer base
- The individual will stay with the company, which is a significant financial gain for the long run.