A Filcro Media Staffing Executive Search Case History Review
Global Real Estate Holdings
U.S. Media & Entertainment Conglomerate
Location New York, NY - USA
Search Firm Filcro Media Staffing
OIC Tony Filson Reporting to The Board of Directors
Group Media Real Estate & Media Facilities
Client Diversified Media & Entertainment Conglomerate
Client Situation Succession Plan for President
Executive Search Committee Member Industry and Sector Inclusion
- Television Networks - Cable & Broadcast
- Radio Broadcasting Networks
- Motion Picture Studios
- Print Publishing
- Entertainment Venues
- Network & Syndicated Programming Producers
- Fortune 50 & 100 Financial, Industrial & Telecommunication Conglomerates
- Multinational Law Firm
The executive search committee (ESC) with the President / CEO acting as point of contact, identified Filcro Media Staffing (FMS) and Tony Filson (TF) functioning as Officer in Charge of Search to conduct a national search to identify the proper President of Global Real Estate.
The firm’s specialization in the media and communications industries was beneficial at every phase of the search process, recruitment and attraction
The diversity of the global real estate portfolio
- Raw land, commercial, industrial, agriculture, entertainment.
- All offices for broadcast operations, production, engineering, network operations centers, executive offices
- Satellite earth stations
- Entertainment venues included amusement parks and sports facilities.
These are a few examples of the complexity of the global real estate portfolio this executive would be managing.
Some challenges facing the new President
- Change Management
- Real Estate Portfolio Management
- Divestiture of Idle Assets
- Centralize Control of International Real Estate Assets
- Land and Building Acquisitions
- Lease Portfolio Optimization
- Hiring (2) two Vice Presidents and Implementing Best Practices
Filcro Media Staffing’s Recruitment Solution
Filcro Media Staffing proceeded to identify senior most real estate executives with current global management responsibilities of real estate portfolios equal to or greater in scope . A prerequisite was the governance of real estate portfolios through “internal resources” that met or exceeded the worth of the firm’s global holdings. The capacity to identify an executive who could maintain greater controls and optimize return by brining in-house what was currently out-sourced was essential. This President would have to report into one of the most dynamic media chairman in the world. The succession plan required an executive capable of managing a substantial portfolio with the complete approval of a demanding board of directors.
Successful President Recruited
Filcro Media Staffing first scrutinized real estate executives from the media and entertainment sectors in New York, Los Angeles, Chicago, Pennsylvania and Atlanta. Subsequently, Tony Filson as the Officer in Charge of the search was not satisfied with the initial universe and conferred with the current president of global real estate in order to identify a candidate who met all the prerequisites established by the board and recruit outside of the media and telecommunications industries. Gaining consensus of the executive search committee, Filcro Media Staffing proceeded to aggressively look at other sectors with substantial global real estate holdings.
Tony Filson as Officer in Charge of Search initiated greater scrutiny of multi conglomerates in the financial and industrial sectors and this proved to exceed the executive search committee's expectations.
A Managing Director of a diversified multinational financial institution based outside of a major geographic market was ultimately identified, hired and unanimously approved by the board.
The executive transitioned successfully and became acclimated in a brief period of time
The firm’s succession plan was successful and the executive has exceeded the board of director's expectations from a management and asset optimization perspective. He has proven to be a vital asset to a global media and entertainment conglomerate with substantial real estate holdings and leasing transactions.
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