LAUBER BUSINESS
  • About
    • About Lauber
    • Leadership
    • Client Testimonials
    • Industries We Serve
    • Join Lauber
    • Pets of Lauber
  • Services
    • Finance & Accounting >
      • Financial Leadership
      • Chief Administrative Officer
      • Outsourced Accounting Services
    • Human Capital Solutions >
      • Human Resources
      • Leadership Coaching and Team Development
      • Talent Acquisition >
        • Executive Search
        • Dedicated Recruiting Services
        • Contingent Search
    • Nonprofit Management
  • How We Deliver
    • Fractional Leadership
    • Interim Leadership
    • Consulting
  • Thought Leadership
    • Blogs
    • Case Studies
    • Media Mentions
  • Contact

Family Owned Business Decided to
​Part Ways with their CFO

A $150 million family owned, multi-line transportation, warehouse and
distribution business had decided to part ways with their CFO for both
business and personal reasons.

Challenges:
  • Management of the business was transitioning to the 2nd generation. The CFO was aligned with the father. The new, younger company leaders wanted to develop their own team.
  • The CFO was a minority owner and resolution of the ownership interest and employment contract needed to be negotiated.
  • The CFO was involved in all aspects of the business including Accounting, HR, IT and leading an operating division.
  • The company had a complex multi-bank financing structure that had been orchestrated by the incumbent CFO.
  • A complex multi-state tax picture needed to be considered in screening candidates.
Solution:
  • Lauber Business Partners and the Vice President of Recruitment met with the family to gain an understanding of the situation and recommend a course of action.
  • Lauber Business Partners was engaged to complete a “quiet replacement” to respect the many years of service that had been given by the outgoing CFO.
  • Lauber Business Partners provided an interim resource with CFO competence to bridge the gap between the outgoing CFO and the new hire.
  • A detailed profile of what the owners were looking for in their new CFO was completed and used as the basis of the search.
  • The successful candidate had exceptionally strong financial management skills to address the complex nature of the business and in addition had transportation related experience.​​
What this meant to company:
  • The 2nd generation ownership was able to add an important member to their management team for the future.
  • Because the Lauber Business Partners' process started with a detailed profile, all family members were able to agree in advance with what their new CFO should look like.​
The value of a Part-time Lauber Business Partners' Search Process:
  • Lauber Business Partners is able to utilize their financial management expertise to help owners understand what skill level and behavioral characteristics will bring the most value to their business.
  • A profile driven process is used to ensure all candidates presented match with the client’s unique needs.
  • Being able to focus only on qualified candidates saves valuable management time.

​If your business is faced with these types of challenges, now is a good time to consider the help of a seasoned Lauber Business Partners, Inc. veteran who has been through it before. Contact Lauber Business Partners, Inc. today to learn more.
Lauber Business Partners, Inc.
Finance and Accounting
Human Resources
Leadership and Team Development
Executive Search
Nonprofit Management
Dedicated Recruiting Services
Contact
839 North Jefferson Street, Suite 200
Milwaukee, WI 53202
414-273-8060
[email protected]
Picture
Website by ​RyTech, LLC
  • About
    • About Lauber
    • Leadership
    • Client Testimonials
    • Industries We Serve
    • Join Lauber
    • Pets of Lauber
  • Services
    • Finance & Accounting >
      • Financial Leadership
      • Chief Administrative Officer
      • Outsourced Accounting Services
    • Human Capital Solutions >
      • Human Resources
      • Leadership Coaching and Team Development
      • Talent Acquisition >
        • Executive Search
        • Dedicated Recruiting Services
        • Contingent Search
    • Nonprofit Management
  • How We Deliver
    • Fractional Leadership
    • Interim Leadership
    • Consulting
  • Thought Leadership
    • Blogs
    • Case Studies
    • Media Mentions
  • Contact