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Global Merger & AcquisitionA case study about a global merger and acquisition in the healthcare industry. Paul Barton, an accountant with fluent German and good French, who has previously worked in Germany and the USA, was placed by Impact Executives as acting Financial Director. Providing back-up and directionWhen he arrived at the German subsidiary in Freiburg, Barton's primary task was to beef up the financial operation and provide back-up and direction to the general manager. Two months into the assignment, however, Innnovex was taken over by the American company Quintiles, the world leader in pharmaceutical services. Inovex's human resources director Chris Morley comments: "The acquisition meant that a number of senior staff were diverted to integration issues and there was a need for continuity in managing the business while this process was going on. Rather than having people trying to do both things at once, we needed additional resources in managing the day-to-day operation of the business." Providing guidance through the acquisition processBarton concentrated his efforts on guiding the German side of the operation through the acquisition process. Now completed, the company has grown from a business worth DM 20 million to one of around DM 60 million."The previous Financial Director had left somewhat unexpectedly and at a crucial time. Recognising the length of time that it would take to find a permanent replacement, interim management seems to be the most appropriate solution." Chris MorleyHuman Resources Director , InnovexPreviously published on the Impact Executives website – read the original Global Merger & Acquisition article. Article Tags: Global Merger Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHORI am currently a Director of Impact Executives which is a Global
Interim Management provider (part of the Harvey Nash Group) and in this
role I am at the frontline of dealing with senior clients and
candidates across a wide range of change, HR and resourcing issues. I
have extensive commercial experience gained through general management
and board roles within both Plc's and also through running my own
businesses. I have over 18 years international experience of providing
cross-functional resourcing solutions to both global businesses and
start-ups. I specialise in the following sectors: Technology, Media,
Telecommunications, Pharmaceutical & Biotechnology, and Local
Authorities. Visit my blog at http://www.impactexecutives.com/journal/clivesexton
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