Interim CEO/sale - vehicle manufacturing industry

Situation A private company, with a 25:25:50 ownership structure had developed a manufacturing plant in China. The business was at a pivotal stage, as recent accreditation meant it was now able to import into Australia and the USA. Negotiating European licensing deals had become a realistic business development opportunity.

Task Thirdman was engaged as Interim CEO to capitalise on the momentum, develop the international opportunity, a public company structure and attendant corporate governance processes.

Action Met all key players on-site at Chinese plant, surfaced key cultural and business issues. Developed 100 day operational plan. Re-negotiated poorly designed eastern-Australian seaboard distribution agreement. Initiated strategic planning and board processes.

Result The strategic development process brought to the surface deeper issues around ownership and management of the company, which ultimately resulted in the 25% partners selling their investment to the 50% partner.