A leading Consumer business, backed by a mid-market private equity firm, has retained Drayton Partners to secure a Chief Operating Officer. The P/E firm is a well respected investor within the Consumer sector, and along with management, has developed an ambitious growth plan for the business.
As part of a strategic review it was decided that the business would benefit from having a dedicated ′Operations′ leader. This person would take responsibility for manufacturing, supply chain and procurement, reporting to the Group CEO.
Rob Seery Drayton Partners, commented:
"This is a high quality Consumer business, highly innovation-led, and with very exciting growth plans. The recruitment of an accomplished, proven COO makes absolute strategic sense. It will also allow the Group CEO to focus more on external opportunities, such as future acquisitions and the international agenda. We are very excited by the project and are confident we will land an outstanding COO for the business and its owners.
This is our fourth Board-level mandate in the private equity space inside 6 months. Interestingly, all of these clients approached us on the back of a strong recommendation".