Chief Operating Officer –Leadership Role– Pharma Organization in Domestic Formulations and part of Large Industrial House
An Abridged Case History from MAGNA’s Portfolio of Successful Mandates by RMagnet , Contingent Recruitment Division of Magna Global HR. RMAGNET is a Division for Mid/Senior lateral hiring and offers value add like a Retained Search. Low dropout and high resume to selection ratios are the hallmarks of this service.
We wish that association fostered through this Successful mandate proves to be durable to deserve a high place in MAGNA’s “Roll of Gratification” (Lists & ranks the stability of all individuals placed by MAGNA) This is MAGNA’s way to express its gratitude to both its clients and individuals placed.
Magna Global HR Services Pvt Ltd certifies that it is the true abridged version of MAGNA’s Successful Mandate closed in July 2019 by Ketan Mhatre (https://www.linkedin.com/in/ketan-mhatre-3173615/) Consultant of RMagnet- MAGNA’s Division for Mid/Senior lateral hiring.Identities are not disclosed to comply with our own Ethics & to honour Non-Disclosure commitments given to the individual & to our Client.
Client
Part of India’s one of the Oldest Industrial House of repute having 50000 crores turnover and major interests in Steel, Automobile & Engineering.This organization is over two decades old professionally run domestic ethical pharmaceutical company having steady growth, healthy EBIDTA but with huge unexploited potential.
The Mandate
Chief Operating Officer/ Business Head
To induct an Experienced Pharma Sales and Marketing Professional to bring in a fresh mind-set at its top to shed its slow & steady pace and to enter a faster growth orbit.
Search Criteria
To Search for a CEO of a smaller domestic ethical organization or SBU Head/ Divisional Head of a Mid-Sized pharmaceutical company
Search Result
Searched, enticed, evaluated, recommended & eventually placed (Record Sr No 800939 ) Vice President Business Development from UK based Non Ferrous metal & mining major with an extensive exposure in all the aspects of non ferrous business globally with a last drawn package of USD 350 K per annul
Challenges and/or Constraints
Group though has a pedigree of managing large businesses, never had any presence in Pharmaceuticals.
Near stagnant business, erosion in brand equity, lack of new product launches and restricted presence made it difficult to attract good talent for this role. Considering the smaller size of business, they also had budget constraints.
Search Result
Searched, Enticed, Evaluated, Recommended & Eventually placed President Sales and Marketing of 250 Crore organization in Domestic Ethical Formulations Business.54 year old with overall 32 years’ experience and 10 years’ experience of heading Pan India Sales and Marketing at Company or SBU Level.
Mandate Successfully Closed on
July 2019
Roll of Gratification
We wish that association fostered through this Successful mandate proves to be durable to deserve a high place in MAGNA’s “Roll of Gratification” ( List & ranking of the stability of all individuals placed by MAGNA).
