Knowledge Center: Publication
Game on: Getting the talent right in consumer products pure play7/8/2013
The roster of consumer products companies spinning off divisions or business units into pure plays has grown long in the past several years and is getting longer. Whether a particular spinoff is driven by impeccable business logic, activist investors, or inexorable market forces, one thing is certain: the move triggers a host of talent challenges. You must determine who can best lead the new standalone company into the glare of Wall Street, who should sit in the C-suite, and how to constitute the board of directors for the spinoff and restructure the existing board. To reduce uncertainty in both organizations, retain and attract the best people, and convert the market opportunity, you must make these many top talent moves transparently, rapidly, and – above all – flawlessly.