Textile Transition CEO
The textile market in France in 2022 grew by 8.8%, but it is actually in decline compared to the years before the Covid-19 crisis.
In this sector, which has become fragile, it is now common to have recourse to interim management. At Reactive Executive, we offer our services with qualified transition managers to manage your issues.
The world of textiles: a sector disrupted by constant change
The industry sector is a vast market that encompasses several areas such as food processing, metallurgy, electronics and many others.
The textile sector is one of the oldest markets and has had to adapt to the various changes in our society. Textile companies have had to deal with globalization: relocation, technological innovations, notion of sustainable development making it a very competitive market.
The textile market is confronted with specific problems and must constantly stand out by adding added value. Companies must therefore rely on a solid marketing strategy as well as on innovation through research & development.
➢ In which cases should an interim CEO be used?
A company can use a textile transition CEO to restructure its entire organization, particularly in the face of change, whether operational or strategic.
Other reasons require the use of an interim CEO:
➢ When a company is in economic difficulty or for the management of a crisis: indeed, the Covid-19 crisis has come to upset the organization of the textile sector.
➢ During the recovery or restructuring of a company: here again, the director plays the white knight and can propose new solutions when no usual solution is appropriate.
➢ When merging or acquiring businesses.
➢ For the continuous improvement of the activity.
What is the role of a textile transition CEO?
The CEO aims to establish the overall strategy and policy of the company. For this, he is often in close collaboration with the various departments such as management, the sales department or the financial department, with whom he establishes provisional plans.
The director must have some knowledge of the industrial sector and obviously of the textile sector. He must also have in-depth knowledge of competition in the textile market. To be effective during his mission, he must understand the issues involved in this sector.
He also takes on the role of manager and defines the objectives to be achieved. He then oversees the smooth running of this plan. For this, he guides and advises his teams during the realization of the project.
➢ The missions of a textile transition director
In the textile sector, assignments in transition are frequent and diversified, which is why the delegation of these assignments to a transition CEO allows a new vision of the situation.
The CEO establishes the policy, the means of production and the organization of the company. He coordinates the budget and forecasts (production costs, logistics, etc.) with the financial department. But also with the sales department, for which he plays a role of interface and negotiator, especially if a dispute exists between the company and a customer or supplier.
He is at the initiative of new ideas and innovations, making it possible to increase the performance and the level of activity of the company. It aspires to find solutions in lean manufacturing, ie methods for organizing and optimizing industrial performance that aim to better meet customer requirements in terms of cost, quality and lead time.
He is also responsible for the various teams that he accompanies and stimulates on a daily basis.
➢ The challenges of the interim CEO in the textile sector
The textile industry is a sector that has often been impacted by changes. It must respond to questions of sustainable development and therefore resolve environmental, technological, economic and social challenges.
In a context of instability, performance and competitiveness are high-stakes concepts for companies. It is therefore up to the interim CEO to respond to this request.
The textile industry must find a solution to counter the problems of sustainable development . Indeed, from an ecological point of view, the manufacture of products and logistics require significant energy resources. From an economic point of view, the challenge is to offset the increase in production costs and inventory management.
From a regulatory point of view, companies must integrate CSR concepts in order to fight against the negative impacts of the company on the environmental, economic and social level.
It is up to the textile transition CEO to find the most appropriate solutions to these challenges. At Reactive Executive, our profiles in the textile sector are qualified to respond effectively to your needs.
The remuneration of a textile transition CEO
The salary of a textile transition CEO depends on several factors. First of all, it takes into account the professional experience, the size of the company and also the importance of the transition project.
➢ The salary of a CEO in textile transition
Depending on the criteria cited, a director in textile transition can claim an annual gross salary of between 54,000 and 90,000 euros. In larger textile companies, the annual salary can reach 120,000 euros. The average monthly salary is estimated at between 5,000 and 10,000 euros.
➢ Bonuses for a textile transition CEO
The bonuses of a CEO in textile transition are still relatively unknown. However, bonuses for objectives achieved or for turnover achieved may be granted.