Arnold Partners CFO Placement Success Stories
Arnold Partners is proud to have worked with many happy clients. Read some of their success stories below:
This middle-market P/E-backed specialty manufacturing company had been looking for a CFO on their own for nine months without success when one of their board members suggested Arnold Partners. Within a few weeks we had a slate of excellent candidates. The lead private equity investor said these candidates were by far the best CFOs he had met over the entire process.Fortunately, when our lead candidate backed out because of a relocation issue, we had a very strong back-up who was local and fit the bill perfectly. Arnold Partners filled a big hole in the management team with a strong operationally-oriented CFO to help drive both top line growth and improved internal processes.
Cloud Cruiser is a visionary and forward-thinking Silicon Valley SaaS hybrid cloud analytics company that helps businesses meter, track and manage costs. The company was very early stage when the CEO decided it was time to move from a part-time consulting CFO to a full-time business partner. After an exhaustive search, Arnold Partners delivered an ideal candidate who had taken his previous company from pre-revenue through an IPO and eventual sale. He was the unique candidate who wanted to take on the risk of a true start-up, not just parachute in for an imminent exit. The CEO described him as: “A missionary, not a mercenary!” Happy client, happy CFO!
Boston-based Fractyl Labs is in an enviable position with their technology and their team. As they surveyed their financing options, almost everyone they spoke with was bullish about their story. Given this, the CEO and board decided it was time to bring on a CFO to help drive a readiness plan for all options. Arnold Partners delivered the “Moneyball” candidate, as the key board member described her. Having recently completed an IPO at her previous company as the number two finance executive, she has all the knowledge and skills needed to facilitate any direction that Fractyl wants to go. Still a small company, they now have the perfect person who is hands-on and strategic.
The Challenge: By the time intersectENT decided to retain Arnold Partners, their S-1 was well underway and the banker bake-off was set for the following week. No pressure! Within a few weeks we had identified the winning candidate and ran a process that resulted in an excellent CFO hire. The company successfully completed their IPO in July 2014. (Nasdaq: XENT) The Solution: “We retained Arnold Partners after deciding to pursue an IPO. Dave delivered an excellent slate of candidates in a timely manner and we landed our CFO in time to drive our successful IPO in July of 2014. We had great collaboration during the search process, with open and frequent communication.”
The Challenge: Adaptive Insights is the leading provider of cloud-based analytics solutions. The company’s SaaS platform allows finance and management teams to work together to plan, monitor, report on and analyze financial and operational performance. They are backed by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Onset and RBC. Unique to this search was the obvious connection between their products and services and the CFO community. The Solution: “When we engaged Arnold Partners to partner with us on our CFO search I told him we would be very thorough. First on the specification, Dave really listened and crafted a well thought out list of must haves and nice to haves. As we started to engage with candidates he also listened to my feedback and homed in on the key elements for this hire. Once we had two finalists, we worked with our Board to select the winning candidate. We ended up making a great hire. I highly recommend Dave.”
Nanometrics (Nasdaq: Nano Semiconductor Equipment Manufacturer)
The Challenge: The CFO’s retirement was already announced, so the clock was ticking to attract a replacement. The CEO and Board had high expectations for the caliber of talent they wanted to bring to their highly successful company. The Solution: Arnold Partners quickly assembled a target list of candidates and began marketing the opportunity. Within six weeks, the client was able to interview a full range of qualified candidates. The process resulted in a short list of four worthy candidates and gave the client a clear choice. Tim Stultz, CEO: “Once again we appreciate the professionalism Dave brings to the search process. He is tenacious and delivers on his promises.”
“I have worked with Dave on multiple searches as a CEO, Founder and Venture investor. He is without hesitation the best search consultant – he is easy to do business with and delivers on his promises.”