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An Abridged Case History Plant Finance Controller

Copy of 9164  571975 Rajendra Padole Premium Transmission - colour changePlant Finance Controller – Leading Industrial Products Manufacturer -Senior  Role

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 (Mandate Re: 9164/ 571975 ). Identities are not disclosed to comply with our own Ethics & to honor Non-Disclosure commitments given to the individual & to our Client.

Client
It is a capital good manufacturer catering to multiple industrial applications and a part of a reputed diversified group of companies.

The Mandate
Plant Finance Controller
To induct an experienced finance and accounts professional with experience of leading .the finance function at unit level

Search Criteria
To Search for a CA with Plant Finance and Accounts person with 10 plus years experience and of working at similar type of set up in Maharashtra.

Search Result  
To Search for a CA with Plant Finance and Accounts person with 10 plus years experience and of working at similar type of set up in Maharashtra

Challenges and/or Constraints
Though the company had a good brand name, business was sluggish for the past 5 years. Location was a tier 2 city of Maharashtra with a small pool of professionally qualified persons with the profile & experience while majority of qualified and experienced professionals do not prefer to relocate from nearby cities like Pune,Nasik. It also had budget constraints to attract talent from larger companies.

Search Result
Searched, Enticed, Evaluated, Recommended & Eventually placed a qualified Finance professional with previous experience of working with similar industry at the manufacturing unit level and in the same city.

Mandate Successfully Closed on
January 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).

By |May 4th, 2020|Blog|Comments Off on An Abridged Case History Plant Finance Controller|

An Abridged Case History Senior Wastewater Modeller

8871  374587  Ramesh AmanStantec Resourceagi  Colour ChangeSenior Wastewater Modeller –Critical Skill  for Global Design Centre –  One of the largest Global EPC player

An Abridged Case History from MAGNA’s Portfolio of Successful Mandates by iRPO, an Executive Search Division of Magna Global HR. iRPO is a specialised & customised Executive Research human driven but using best of search technology for deep Scanning, Mapping and Mining for the purpose of building a Proactive Talent Pipeline.

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 February 2018 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
It is a Global EPC Leader in Wet Infrastructure Projects having presence globally while India Center is a key Global Design Center

The Mandate
Senior Waste Water Modeller
To induct an experienced Modeller having 10 plus years water projects’ modelling experience for their Global Design Center

Search Criteria
To Search for a Hydraulic Modeller with major experience in waste water projects and for international projects.

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

Search Result
Searched, Enticed, Evaluated, Recommended & Eventually placed person with around 15 years’ overall experience and with 8 plus years experience in modelling for global projects.

Mandate Successfully Closed on
February 2018

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).

By |April 30th, 2020|Blog|Comments Off on An Abridged Case History Senior Wastewater Modeller|

An Abridged Case History Vice President Sales and Marketing

9228  803649  Rakesh Bansal  Anglo French DrugsVice President Sales and Marketing–Leadership Role– Pharma Organization in Domestic Formulations Mumbai

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
It is a pharmaceuticals organization with presence in domestic mass market formulations with a few well established brands.

The Mandate
Vice President Sales and Marketing
To induct an Experienced Pharma Sales and Marketing Professional to streamline both Marketing and Sales and to put company in fast growth phase.

Search Criteria
To Search for a 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
Though the company had a long history and a steady business., over the period of time, growth has stagnated and the company remained a small player with strong sales in a few markets with the old brands contributing the maximum.

Search Result
Searched, Enticed, Evaluated, Recommended & Eventually placed SBU Head of a larger and fast growing company Domestic Ethical Formulations Business. 49 year old with overall 28 years’ experience and 4 years’ experience of heading Pan India Sales and Marketing for 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).

By |April 27th, 2020|Blog|Comments Off on An Abridged Case History Vice President Sales and Marketing|

An Abridged Case History Head Export Sales Senior Role

9175  606714  Anand Bhattacharya  PT OleochemHead Export Sales Senior Role– Large Diversified Group into manufacturing and exports of Food Products- SE Asia

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 December 2018 by Ketan Mhatre (https://www.linkedin.com/in/ketan-mhatre-3173615/) Consultant of RMagnet- MAGNA.Identities are not disclosed to comply with our own Ethics & to honour Non-Disclosure commitments given to the individual & to our Client.

Client
They are a part of 3 decade old USD 3 BN conglomerate having multiple manufacturing operations in SE Asia and exports to Africa and Central Asia

The Mandate
Export Sales Head
To induct a seasoned sales professional with strong experience in developing export business to African Continent for soaps.

Search Criteria
To Search for a person who has worked in Africa or developed the business in Africa for Soaps and having experience in B2B sales for Soap Noodles 

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
This company was primarily a manufacturing organization and never exported directly to any part of the world.
They needed a Person with new business development and sales experience for both B2B and B2C Products which is altogether a different channel apart from mandatory Africa working experience.

Search Result
Searched, Enticed, Evaluated, Recommended & Eventually placed an experienced professional with experience of both operating from Africa and developing new markets in Africa for same categories.

Mandate Successfully Closed on
December 2018

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).

By |April 21st, 2020|Blog|Comments Off on An Abridged Case History Head Export Sales Senior Role|

COVID 19- A Blessing in Disguise

Copy of Green Coronavirus Prevention Instagram Image - Made with PosterMyWall (3)

 

Remember Newton’s third law ‘For every action, there is an equal and opposite reaction’. Similarly, in human life to every negative event, there’s always an opposite positive reaction that brings long-lasting changes. For example, not too far ago in 1991, India had an acute balance of payment and was on the verge of bankruptcy. In the opposite & positive reaction to that India liberalized its Economy and thanks to that today we are called Resurgent India with foreign reserves of USD 470Bn. COVID – 19 is also presently a mammoth negative event for India & Indian Economy and it will definitely generate equally strong opposite positive reactions that would bring longlasting changes never imagined hitherto. In this context, I am attempting to list a few tangibles & intangibles that had already happened in response to COVID 19 along with the way we should react positively to build on. You will find that COVID -19 is actually a Change Accelerator. In that sense, Corona has already achieved in the last few days what the Government could not do in many years. I am of the opinion that Corona is going to be truly a Blessing in Disguise for India. It is like ‘ A Future that Has Already Happened.’

COVID – 19 An Overnight Paradigm shift

  1.  Digital Economy –Corona lockdowns imposed digital payment/ transactions on everyone. Those who did not have online arrangements to pay suffered and realized its importance. Corona created a natural hatred towards touching currency notes. In my view, the government should now proactively propagate to shun paper currency and shift to digital payment as a safety tool against corona. This will not only reduce incidences of corona infection but also help to accelerate the transformation into the digital economy. This has the potential to migrate a couple of percentage points from India’s 84% cash economy to the digital economy thus resulting in higher revenue recognition & higher tax collections. This can become Corona’s best gift to India.
  2. Work From Home (WFH) – WFH can be a second corona gift to India’s prosperity. So far WFH was sparingly used as a retention/luring perk by few select large corporations but Corona in an overnight made “Work from Home” a new Normal. Our cottage industry as such had been working from home for ages. Now formal jobs are also shifted to work from home. If we could standardize, regulate and accelerate WFH, it itself has the potential to catapult India to a different growth orbit of prosperity. Aggressive WFH can result in higher savings for individual & corporate, higher productivity, lower commuting hassles, and lower air pollution. WFH can also be instrumental in higher & easier availability of jobs with the least migration within India. Last year my company experimented with WFH to search in the USA, Europe & Australia. The experiment was highly successful as we placed more than 10 candidates in the UK, USA, Australia. Now my company is establishing a virtual recruitment organization where everybody works from home. India, being a predominantly Service-oriented economy, can easily become a mecca of ‘Work from Home’. WFH deserves a separate article that I would be writing soon. WFH is a true Corona Boon for India.
  3. DIGITALLY STRONG INDIA – Even in an extensive and long lockdown, this country is smoothly functioning despite the complete restriction on movement. It has proved that India’s digital infrastructure is strong and can deliver. All those who used to doubt its capability can rest their apprehensions to peace. Now there is a need to accelerate digitization along with some innovative ways to promote it in each and every part of life. Corona has tested our systems and now the Government must have understood its constraints, limitations, and faults. Corona demonstrated gaps  & Kickstarted the improvements.
  4.  Healthy India -a Health Capital for the World – For over a month virtually the entire population remained inside that resulted in reduced pollution in the environment. Clubbed with its Social distance,  frequent hand washing & disinfestation of the entire country that is going to stay for a long period. This would change the hygiene habits of Indians. Corona is paving a way towards a Healthy, Hygienic and Cleaner India provided both citizen and Government build on it. To build a healthy India advantage, we will need to strengthen our cleaning system and Health infrastructures. For Health infrastructure, India can set up world-class medical and geriatric facilities in every part of India with public Private participation that could transform India from a preferred medical tourism destination into the Health Capital of the world.
  5.  Hospitality & Tourist Destination: Most of the popular tourist locations in the world are severely COVID impacted. There’s a natural hesitation to visit those countries. Fortunately, India remained relatively COVID safe and recovering faster and also has many tourist destinations. Other countries’ loss can be India’s gain. In that sense, there cannot be a better opportune time to promote Indian tourism. Tourism is the largest employer in the world and Indian youth needs it more than anyone else. To boost the Tourism, Government should subsidize heavily inward air tickets to India and hotel room & dining rates in India to attract foreign tourists. Special discounts by Taxi and shopkeepers need to be provided for all foreign tourists. Special Desk should be set up with Police for the safety of Tourists in India. The government should set aside funds for aggressive marketing along wit. India can also install Retina /biometric scanners at most public places to detect Corona positive patient, apart from the Arogya app already in use. Luckily India has Biometric records of all citizens. This will give further confidence to tourists that India is really Corona safe to travel.
  6.  Indian Manufacturing Revolution on Anvil?– Last year while I was executive searching for the EMS (Electronic Manufacturing Services ) industry in the USA, I came across this information that many companies are planning to shift part of their manufacturing base to India Now Corona has fueled the hate for China. It would hasten the shift. The world is keenly looking to come to India but we must add sweetener. The Government needs to make requisite structural changes and improve the ease of doing the business in India markedly. Even Invite Chinese companies to invest in India if they can bring manufacturing excellence along with it. If there’s any time for any manufacturing revolution, it is now or never. Corona may prove to be the inflection point for the Manufacturing Revolution in India.
  7. Indian Goodwill uplift: India’s goodwill and humane face got another uplift. A country where citizens are law-abiding and peaceful. Indian innovation be it HCQ, Ventilators Testing kits or even vaccines for Corona, India is not behind but in some cases rather leading from the front.
  8. Sharper Recovery – World was already heading slowly towards recession before Corona hit it. COVID 19 Lockdowns suddenly brought the World economy to a virtual grinding halt. It’s akin to hitting the bottom during the lockdowns. So It is but natural for every country to positively react to redraw its strategy for Sharper & quicker recovery. Only time will tell which country succeeds the best. We can only hope India be that one and it looks like India can.

 Few Consolations – All is not lost

    1. Oil – Oil prices dropped to USD 25 form USD 70 per barrel but the government intelligently did not pass the benefits to the consumer. Clubbed with very low consumption, a rough estimate of saving is expected to be around INR 3 lac Crore (USD 42bn or approx. 1.5% of GDP). A consolation for the lower deficit.
    2. Agriculture – 70% of India’s population depends upon Agricultural and fortunately it is not impacted. The government is emptying half of its grain stock for its aggressive public distribution of grains during COVID-19 lockdown, Now Government can procure more and can perhaps pay more to put more money in farmer’s hands helping the revival of rural demand and economy. The good news is that Monsoon Forecast for the next crops is normal. So food inflation is easily controllable which is a great consolation.
    3.  Telecom: Thanks to Corona Telecom & internet companies are having a hay day. Work from home becoming the norm, it has changed the fortune of this industry. Corona is a savior for them.

Impact on Employment / Hiring / Recruitment

It hardly needs intelligence to say that the worst impact of #CORONA would be on #employment hence #recruitment industry would definitely suffer. This is a half-correct view. In the immediate commotion, when nobody knows what to expect, there’s obviously going to be a standstill and retrenchment is definitely not ruled out. However, when businesses start acting, there’s going to a dichotomy around the world in all commercial & economic activities including #Recruitment / #Hiring. The need for full-time Talent would be initially small and critical and on IMPORTANT & URGENT basis. Recovery is likely to be in the order of Top, senior & Mid-level hiring followed by bulk-hiring. Initially, Staffing companies would be better off because they are part of the derisked model. Work From Home (WFH) would be on an immediate basis at all levels both in replacement and new hire basis. It is 9 to 12 months from lockdown opening when the hiring for growth would happen and attrition would reach its new normal peak Most of the governments across the globe would be announcing mega packages to strengthen confidence to induce fast recovery and to tame the unemployment.

The Only Paranoid Survive

A few years ago, I happened to read Andrew Grove’s book ‘Only the Paranoid Survive’ the story about Intel’s turnaround from extinction to being one of the world’s largest chipmakers. The situation is similar today. We all, including Governments, are Paranoid about Corona’s impact. If paranoid has to survive, it has to take harder & considered decisions. The country needs a long term strategic structural solution and not just a stimulus package. Higher deficits and harder decisions, if taken for India’s growth and if not wasted largess, are not going to be questioned now. I hope someone in the Government is sitting on a drawing board to have new look with a mindset “It is now or never”. It is the time when one can put India on the path of Return to be Golden Sparrow again or take to the Path of No Return. Luckily, the current Government is with the decisive majority government and with a decisive mindset. Abolishing 370 is one proof of it. Hence I am confident that  Paranoid India will not only survive but will flourish too.

By |April 20th, 2020|Blog|0 Comments|

An Abridged Case History Chief Operating Officer

9197  803868  Pankaj Undwar  AdonisChief 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).

By |April 13th, 2020|Blog|Comments Off on An Abridged Case History Chief Operating Officer|

An Abridged Case History Head Projects – Non Ferrous – Global Role in Chairman’s office

9111800939 Anshu Goel  GFG - Made with PosterMyWallHead Projects – Non Ferrous  – Global Role in Chairman’s office  – Sydney/ Mumbai – USD 20 BN UK head Quartered Metal & Mining Major on Fast Growth Track and after acquisition Spree not looking at avenues for Organic Growth in NonFerrous segment  – Global Search

An Abridged Case History from MAGNA’s Portfolio of Successful Mandates( No. 9111  ) was successfully Closed in November 2018 by N.Marwah (https://www.linkedin.com/in/nmarwah/) Chief Consultant of Tough Search- MAGNA‘s Retained Executive Search Practice.

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

We wish that association fostered through this Successful mandate proves to be durable to deserve a high place in MAGNA’s “Roll of Gratification” that Lists & ranks the stability of all individuals placed by MAGNA

Client
USD 20 BN UK head Quartered Metal & Mining Major on Fast growth Track global operations & plants UK , Europe, Australia & North America on Acquisition Spree worldwide 52 Acquisitions in 49 months with investment of USD 15Bn .Establishing  its formal Group Corporate Management structure in UK & UAE.with an aggressive acquisition intent in India.

The Mandate
Head Projects – Non Ferrous in Chairman’s office
To analyse and identify viable opportunities in non ferrous sectors for the group and strategically drive from concept to reality multiple opportunities globally 

Search Criteria
To search for Non Ferrous Professional with in depth understanding of Non ferrous supply chain from mining to finish products and ability to sight and size opportunities and put a team to implement the projects globally 

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

Mandate Successfully Closed on
November  2018

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).

Magna Search Practice
Tough Search -The Retained   Board and C level Search Practice  of MAGNA Global HR Services Pvt Ltd with over 250 Successful mandates

MAGNA Consultant
N. Marwah – Managing Director & Chief Consultant with over 25 years experience in Consulting and Searching Board level & C Level Professionals for a   diversified portfolio of Coprorates spread across 3 continents in the world .

By |March 28th, 2020|Blog|Comments Off on An Abridged Case History Head Projects – Non Ferrous – Global Role in Chairman’s office|

An Abridged Case History Finance Director -UK & Europe

8992  653859 Taral Desai GFG - Made with PosterMyWallFinance Director -UK & Europe– Leadership Role – London/ UK – USD 20 BN UK head Quartered Metal & Mining Major on Fast Growth Track – Global Search

An Abridged Case History from MAGNA’s Portfolio of Successful Mandates( 8992 ) was successfully Closed in January 2019 by N.Marwah (https://www.linkedin.com/in/nmarwah/) Chief Consultant of Tough Search- MAGNA‘s Retained Executive Search Practice.

Searched, enticed, evaluated, recommended & eventually placed   A seasoned Finance Professional (CANDIDATE RECORD SR nO. 653859)with an extensive previous experience with ArcelorMittal in Europe before shifting to one of the  large Pharma major as CFO – Europe overseeing entire Europe and drawing a Package of USD 430K per annum

We wish that association fostered through this Successful mandate proves to be durable to deserve a high place in MAGNA’s “Roll of Gratification” that Lists & ranks the stability of all individuals placed by MAGNA

Client
USD 20 BN UK head Quartered Metal & Mining Major on Fast growth Track global operations & plants UK , Europe, Australia & North America on Acquisition Spree worldwide 52 Acquisitions in 49 months with investment of USD 15Bn .Establishing  its formal Group Corporate Management structure in UK & UAE.

The Mandate
Finance Director – UK & Europe –
To transform , streamline and regulate UK  and europe operations to pave a way for larger acquisitions and consolidation and eventually to take over as CFO of the Region to drive growth

Search Criteria
To search a Finance Professional with extensive exposure in Metal & Mining Industry especially in Europe with proven strengths in performance management & improvement.

Search Result  
A seasoned Finance Professional with an extensive previous experience with ArcelorMittal in Europe before shifting to one of the  large Pharma major as CFO – Europe overseeing entire Europe and drawing a Package of USD 430K per annul

Mandate Successfully Closed on
January 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).

Magna Search Practice
Tough Search -The Retained   Board and C level Search Practice

MAGNA Consultant
N. Marwah – Managing Director & Chief Consultant with over 25 years experience in Consulting and Searching Board level & C Level Professionals for a   diversified portfolio of Coprorates spread across 3 continents in the world .

By |March 27th, 2020|Blog|Comments Off on An Abridged Case History Finance Director -UK & Europe|

An Abridged Case History Global Finance Director

A New Design - Made with PosterMyWall (2)

Gobal Finance Director – Global Leadership Role An Abridged Case History from MAGNA’s Portfolio of Successful Mandates

Global Finance Director – Global Leadership Role – UK/Dubai Base – USD 20 BN UK head Quartered Metal & Mining Major on Fast Growth Track – Global Search (8992)

An Abridged Case History from MAGNA’s Portfolio of Successful Mandates –by Tough Search- MAGNA‘s Retained Executive Search Practice   – Successfully Closed in October 2019.

Searched, Enticed, Evaluated, recommended & eventually placed   Global Group CFO of USD 12 Bn Indian Conglomerate with Global operations in metal, Oil & energy with operations in India, Europe, North America, UAE and other parts of world.   52-year-old CA with 20 years of Fast track growth in this company with Last Drawn Package of USD 1.8 mn +

We wish that association fostered through this Successful mandate proves to be durable to deserve a high place in MAGNA’s “Roll of Gratification” that Lists & ranks the stability of all individuals placed by MAGNA

Client
USD 20 BN UK head Quartered Metal & Mining Major on Fast growth Track global operations & plants UK , Europe, Australia & North America on Acquisition Spree worldwide 52 Acquisitions in 49 months with investment of USD 15Bn .Establishing  its formal  Group Corporate Management structure in UK & UAE.

The Mandate
Global Finance Director – Global Leadership Role & Part of Group Corporate Management Structure- Directly working with Group Chairman at Corporate HQ to Direct, Control, Integrate, Restructure and Re Vitalize global operations of overall 100 operating entities.

Search Criteria
To search a Global CFO – From family Owned  Conglomerate / Groups /  not less than USD 10 Bn size with global & Diversified operation preferably in Metal & mining space

Search Result  
Searched, Enticed, Evaluated, recommended & eventually placed   Global Group CFO of USD 12 Bn Indian Conglomerate with Global operations in metal, Oil & energy with operations in India, Europe, North America, UAE and other parts of world .   52 year old CA with 20 years of Fast track growth in this company  with Last Drawn Package of USD 1.8 mn +

Closure
October 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)

Magna Search Practice
Tough Search -The Retained   Board and C level Search Practice  of MAGNA Global HR Services Pvt Ltd with over 250 Successful mandates

MAGNA Consultant
N. Marwah – Managing Director & Chief Consultant with over 25 years experience in Consulting and Searching Board level & C Level Professionals for a   diversified portfolio of Coprorates spread across 3 continents in the world .

By |January 31st, 2020|Blog|Comments Off on An Abridged Case History Global Finance Director|

“Even GOD has Limitations” – The Unlearning- From Akbar Birbal Stories

The Preface: Akbar The Great was the Mogul Emperor who ruled India from 1560 to 1605. He himself was illiterate, but he invited several learned people in his court. Among these people, Birbal was his most favorite minister because of his wit and intellect. There are number of folklore on Birbal in India. As an Executive Search & Recruitment professional during last two decades, I Unlearned (learned new lessons) a lot from these stories and tried to use it in my profession for the benefit of my clients and talented individuals I met and interviewed. I am sharing few of those.

The Story:

One day, a poet from a faraway kingdom arrived at the Court. He delighted everyone with his songs and poems. The Emperor, who was always generous, rewarded him well. The poet had never seen so much gold before. He was overwhelmed. Then poet offered a poem of thanks. Emperor Akbar nodded and the poet began his recitation. He spoke of the Emperor’s bravery and kindness. He praised the Emperor’s learning and wisdom. He ended by saying that Emperor Akbar was the greatest king that had ever ruled this world or any other. He is greater than God Himself. With that, the poet bowed and left the hall.There was a moment of silence. Emperor Akbar looked around and his eyes began to twinkle mischievously. “So,” he said, “it appears that I am now even greater than God”. Emperor Akbar looked at his ministers and commanders, his nobles and his counselors. He wondered if any of them would have the courage to speak the truth. Nobody stirred.

“So,” said the Emperor, beginning to feel irritated, “everyone present agrees that your Emperor is greater than God.” Nobody dared to disagree. He turned to Birbal with a frown. “And you, Birbal. Do you agree too?” he asked. “Yes,” Birbal replied immediately. The Emperor’s frown grew. “Your Majesty, you can do something even God cannot! “Birbal said. “If any of your subjects displease you, your Majesty, you can banish him from your empire, never to return. But God can not because God rules over the entire earth, the sky and the heaven. This universe is God’s Kingdom. There is no place in this universe that does not belong to God. Hence GOD cannot banish any of his creatures from His Empire.” “Well said, Birbal!” Akbar cried delightedly!

The Unlearning

There is no body in this world capable of everything. Even GOD has limitations.

The Professional Observation

As an Executive Search or Head hunting Professional, it is my part of my role to read resumes, interview people and to evaluate to draw compatibility with mandate on hand. Many candidates in their resumes despite of limited success portray themselves as capable of doing anything, capable of managing any situation or company of anysize. Perhaps they don’t know that even GOD has limitations. During my interview and interactions with individuals, I make it a point to confront them and facilitate the understanding. Many reasonable ones are quick to correct and realize the folly and rewrite their resumes. This also helped me to build a long lasting and healthy relationship with such executives.

Interviewing, assessing and helping an individual to understand his true potential is relatively easier task when compared with making recommendations to the client. There exists a potential conflict of interest.Highlighting our own recommended candidate’s shortcomings can sometimes go against one’s own interest because for executive search professionals, a part of our income/success comes from selection. It challenges professional and intellectual integrity of even best Executive Search Professional. It has a potential to derail the assignment and most of Executive Search Professionals in such situations end up putting extra efforts. But still it has to dare it to be done.

I firmly believe, for an executive search professional, when forwarding one’s recommendations to a customer, highlighting limitations or shortcomings of the recommended candidate in an unbiased manner should be more important than highlighting strengths of the individual. it is better understanding of limitations of an individual that would be needed for success of an assignment and healthy & long lasting relationships. Such inputs in general are most appreciated by my most of my clients however one of my clients complained saying “Mr. Marwah, I have a problem in selecting a candidate due to area of concerns mentioned by you in the report. I would prefer if you could recommend someone who is fully compatible without the limitations. At that time I narrated my client above Akbar Birbal Story. In my view, once useful credentials of an individual is established then focus should be only on the limitations of individuals. One need to decide if team mate or organization can cope up with the limitations he/she has and how can it be supplemented either through a team augmentation or otherwise so that an incumbent could have smooth sailing.

As an Executive Search Professional, we also have our own set of limitations which many times our clients are notable to clearly understand or appreciate. There are usual limitations that each Executive Search Professional has in his/ her individual capacity of subject matter expertise to search a specific sector at a specific level or searching in a specific geographic location/s that any one should look at before retaining an Executive Search Professional. But our biggest limitation is that we can only search and cannot manufacture or develop an individual to perfectly match our client’s requirements. Under the light of this fact, if some of Executive Search Professionals still show courage to list the limitations of their own recommended candidates ignoring their own self-interest then it is matter of appreciation and to be proud of.

By |August 30th, 2019|Blog|Comments Off on “Even GOD has Limitations” – The Unlearning- From Akbar Birbal Stories|