CASE STUDY: 9-month Interim President mission to sell a struggling subsidiary under legal receivership process. The company, with revenue of €40 million and 300 employees, belonged to a Private Equity fund
MISSION: Interim President for an electronics component manufacturer
— Preparation of the first marketing plan to drive R&D
— Reduction of local fixed costs and of assembly costs outsourced to South East Asian subcontractors
— Social plan negotiation
— Exit under receivership
RESULT: Sale of the company to 2 buyers one in France and one in Hong Kong. 300 jobs saved.