Filcro Media Staffing Case History

  President Global Real Estate Holdings

Location New York, NY - USA FMS OIC reporting to The Board of Directors Client Diversified Media & Entertainment Conglomerate Client Situation Succession Planning

 

Executive Search Committee Member Industry and Sector inclusion

• Television Networks - Cable & Broadcast
• Radio Broadcasting Networks
• Motion Picture Studios
• Advertising
• 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.

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 just a few examples of the complexity of the portfolio this executive would be managing.

Some of challenges facing the new divisional President

• Change Management
• Portfolio Management
• Divestiture of Idle Assets
• Centralize Control of International Assets
• Land and Building Acquisitions
• Lease Portfolio Optimization
• Security
• Hiring (2) Vice Presidents and Implementing Best Practices

Solution

FMS proceeded to Identify the senior most real estate executives with current management responsibilities that were managing real estate portfolios of equal or greater scope .  A prerequisite was the governance of real estate portfolios through “internal resources” that met or exceeded the scope and 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.

Successful candidate identified

Our firm first scrutinized real estate executives from the media and entertainment sectors in New York, Los Angeles, Chicago, Pennsylvania  and Atlanta we were not satisfied with the initial universe and asked the current president if in order to identify a candidate who met all the prerequisites established by the board if we could look outside of the media and telecommunications industries.   Gaining consensus of the executive search committee we proceeded to aggressively look at other sectors with substantial real estate holdings.

Greater scrutiny of multi conglomerates in the financial and industrial sectors proved to meet or 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 and his family were relocated and successfully acclimated to New York City.  The executive has exceeded the firm’s expectations from a management and asset optimization perspective.

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