Stockport-based NextGen360 is the UK’s leading vaping and CBD products business owned by PE houses Bain Capital and Cinven via their investment in parent company Stada AG, a pan-European pharmaceuticals company.
Through a superior manufacturing capability, they supply mass market white label solutions and shelf-ready premium brands for shops and retails chains, both nationally and internationally, supported by their leading e-commerce platform.
Chair of NextGen360, Terry Coates, is a long-standing contact of Directorbank and approached us to source an immediately-available and experienced FD on an interim basis whilst managing a full search for a permanent solution alongside.
The brief called for a proven finance leader with experience of strategically partnering commercial and operational business streams in dynamic, high-growth business environments. Culture fit was also vital to effect a successful relationship with a highly ambitious, entrepreneurial Managing Director.
Directorbank’s Mike Avis, with his strong North-West connections, led the assignment and quickly introduced Mark Thornberry, an experienced interim.
Mark has operated in several of the North-West’s most dynamic entrepreneurial businesses including EG Group and Missguided. With a fabulous work ethic, he has consistently demonstrated a proactive can-do approach and is well versed in driving actions to deliver results for internal and external stakeholders.
Meanwhile Mike continued the search for a permanent FD solution. More than 50 potential candidates were identified through fresh mapping, targeted referrals and analysis of Directorbank’s existing network culminating in five strong candidates going forward for Client interview.
The Client – quickly impressed with the interim FD’s focus, pace and swift integration into the business – felt confident that Mark was in fact the strongest candidate and offered him the permanent position.