Avoiding Leadership Missteps in Mergers and Acquisitions

Board and CEO AdvisoryExecutive Search
Article Icon News Article
12月 05, 2021
2 read
Board and CEO AdvisoryExecutive Search
Executive Summary
Dynamic Business warns that critical and avoidable missteps can quickly unravel while organisations are keen to make the most of the market. 
rra-background-blue-6-2021.jpg

Excerpt from the article originally published in Dynamic Business, written by consultants Aimee Williamson and Dr. Ty Wiggins

Russell Reynolds Associates Consultant Aimee Williamson and Dr. Ty Wiggins were featured as authors of the Dynamic Business article, "Avoiding leadership missteps in mergers and acquisitions." The article is excerpted below.

Mergers and acquisitions activity is up 23 per cent in 2021 and is expected to continue into 2022. Dr Ty Wiggins, a global expert in leadership transition, warns that critical and avoidable missteps can quickly unravel while organisations are keen to make the most of the market. 

In 2021, M&A activity in Australia hit a record high, totalling nearly AUD 120 billion in value, according to Refinitiv Intelligence. In such a hot market, it’s easy for leaders to get carried away with deals that look great on paper without considering the people behind the organisations that make a merger reality. 

...

Build Your Talent Bench for Today’s Challenges and Tomorrow’s Opportunities

Make leadership a priority during your diligence process by identifying individuals at a senior level who will champion the desired mindset of the NewCo. Activating them as positive agents of change in establishing new cultural benchmarks will help executive teams drive a more cohesive merge. 

...

Understand and Manage the Risks

Failure to successfully transition executive teams into new roles can significantly impact the integration’s success, and it’s often due to a failure or unwillingness of management to identify risk areas that put both organisations in jeopardy.  

40 per cent of senior executives fail within the first 18 months of starting a new position, and 87 per cent of HR professionals rate leadership transitions as one of the most challenging processes leaders face in their careers.

To read the full article, click here.