CEO Succession for a Global Precision Manufacturer

The Client

Our client is a globally recognized leader in precision manufacturing with over four decades of innovation. Known for integrating cutting-edge technologies into their products, they have established a dominant niche in a mature, consolidated industry. With a presence in 150 countries through direct sales and dedicated distributors, the company combines the resilience of a public enterprise with the familial culture of its founder-led roots. Employees are deeply invested in upholding a robust brand built on quality and technological ingenuity.

The Challenge

Having deferred CEO succession planning during the COVID-19 pandemic, the company faced a critical leadership transition. While supported by a strong executive team, no internal candidate had the comprehensive experience required to step into the CEO role. The board, determined to find a transformative leader, initially focused on candidates from large-cap industry giants—firms admired for their global reach, corporate cultures, and brand strength. However, transitioning executives from these large corporations into a small-cap leadership role – with its broader stakeholder demands – posed significant hurdles.

The Solution

Boyden crafted a strategic search approach that aligned with the client’s preferences while broadening the candidate pool. We targeted executives with foundational experience in respected large-cap companies who had also expanded their leadership capabilities within smaller, entrepreneurial organizations. This dual-background ensured adaptability, strategic thinking, and hands-on leadership.

Boyden’s operating model ensured senior partner involvement at every stage of the process. Two partners, each with over 20 years of executive search experience, personally conducted the research, market mapping, and candidate outreach. This intimate approach allowed for a nuanced understanding of candidate profiles and provided the board with deep insights into the talent landscape. Our engagement enabled the client to validate their assumptions, compare diverse leadership styles, and confidently navigate the selection process.

The Results

The selected CEO epitomized the ideal balance of pedigree and practical experience. Having started their career at a globally respected capital equipment company, they went on to serve as COO at a public company, gaining vital exposure to board-level and investor relations. This candidate brought a steady, methodical approach and an ability to engage stakeholders across the enterprise. Through Boyden’s focused strategy and partner-led execution, the board made a confident, informed decision—positioning the company for its next phase of global growth.