Overview: Recros Medica - Fractional Resection uses a unique and proprietary device for fractional skin resection, which the client developed for submental contouring (under the chin) by directly removing excess skin. 

 

Background to the search: Recros Medica were seeking to appoint a CFO to implement a financial structure, help build the internal teams during a period of high growth, preparation of fundraising and work towards a future IPO. The client required a senior CFO with Medical Device sector experience, who had successfully completed both Fundraising and IPOs and was based within commuting distance of the company.
   

The solution: Our recommendations were based on the information & key requirements shared by the Founder and CEO. In this case we recommended a methodology to complete a narrow location search with candidates who met the required experience criteria. (No Advertised Search). Nexus Point executed this search on a direct headhunting basis utilizing our unique digital mapping process that provides access to 92.7% of the CFO talent marketplace, covering all relevant competitors and other potentially relevant Companies across the complete Medical Devices sector to source the best possible candidate for the job.   

 

The process: Once a Target-list of companies and candidates had been identified (208 in this instance - within an hour), the headhunting process was conducted with utmost discretion and candidates were not advised that the campaign was being conducted on behalf of the Client until a clear outline commitment was established. Every care was taken not to contact any company that the client identified as carrying a potential conflict of interest. As the client was specific in its requirements for their desired candidate, emphasis was placed on finding individuals who, in addition to having the relevant experience and expertise, had behavioural traits that would ensure as close fit as possible, both for the role and for the corporate culture of the company. 
 

The outcome: With Candidate mapping completed, outreach started and continued for the first 4 days – Five shortlisted candidates sent to the client and interviews arranged with all five. Within seven days the client had interviewed via video and met with two of the preferred candidates face to face for a second interview. Nexus Point completed the negotiation with the chosen candidate and base salary, bonus and equity agreed. The candidate started immediately, less than two weeks after the initial search had commenced.