Hrm Case Ppt Final

7/30/2019 Hrm Case Ppt Final

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Company: Astar

CEO: Edward Bennett

Area of concern: To decide successionplan for Astar

By: Group cShalini srivastava

Vaibhav kumarAshis bharti

Ravindra kumarKaushal kant

Govinda kumar


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8 major characters : Edward Bennett

Current CEO of Astar Enterprises

Public Face of the company

Dynamic speaker

Tripled companys size in last 15 years

Tom Calloway

Non Executive chairman of Astar enterprises

Former CEO of Puritan Bancorp

Strong working relationship with Bennett


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Gail Thompson Astars veteran senior Vice President of human

resources

called for chalking out list of potential CEOs

Vincent Dalton Astars former Vice Chairman

called for chalking out list of potential CEOs

Fred Henderson

member of the nominating committee worked as senior executive at Luton industries


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1. Tom Terrell

Vice chairman, age 62

Joined Astar in 1982 Head of national operations (1995-2001)

Head of acquisition integration (2001-2004)

Vice chairman (2004 to present)

Successfully integarted 3 acquisition integration Excellent project management skills

Strong financial skills

Deep knowledge of products, customers, profit drivers


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Age- 48 President, Astar Products Consumer Group, North America

Joined Astar in 1998

Led GDIs acquisition and integration ofPhyllo foods

Largely responsible for double digit growth in sales and operating profit

Key contributor toAstars acquisition strategy

Result oriented, strong leadership skills

Sets high performance standards

Needs to increase collaboration with peers

Extremely competitive but can be reined in Currently working to ensure success of newly hired executives in his

organisation


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Age 50

Executive Vice President, Corporate Services

Joined Astar in marketing communications department in 1988

Since 2000, responsible for range of functions

Led a highly effective chain management effort (1998-2002)

Two time finalist for investor relation societys award Exceptionally poised, articulate and effective

Excellent administrative skills

High quality standards

Strong people management and development skills Understand the needs of customers, shareholders, employees and

external groups

Working to increase understanding of field operations as well as visibilityin the industry


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Age 42

Senior vice president sales and marketing , NorthAmerica

Creative marketing mind

Able to operate strategicaly, and tact

Able to leverage customer relation

B.S., Business Administration (1986)

Served as member of the Church Stone GlobalMarketing Committee


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About Astar

Consumer products company

Head quartered at Northern New Jersey

The company had more than tripled in

size under Bennetts past 15 yearleadership

Current revenue forecast was $3 billion

Currently launched home cleaning andlaundry care goods as well as personalhygiene and skin care product.


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Contd

expanding business internationally

Begun setting up regional sales andservice unit around the world

Established supply sources in the fareast and Australia

Carrying a much higher level of debt

than in the past


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Problem

Its several products were beginning tocome under regulatory scrutiny

Its untamed hair color had provoked adebate about the accuracy of its labeling

Edward Bennett was whole and sole todeal with any problem

Not any concrete decision for successionplanning

Bennett wants Tom Terrell as his successorbut other board members do not agree toit.


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Recommendations

Bennett should also concentrate onsuccession planning apart from the newstrategy they are working on as no one

can predict his future. Every time selecting a new successor

kills time.

So Tom Terrell should not be

considered. Marianne Klein should be the new

successor


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Contd

Select Marianne Klein to be the successor as: done many researches in market,

Corporate communications and Investor's relations

She has excellent administrative skills, strong people management and development

skills. she is most importantly Collaborative, works

well on Cross Functional initiatives. Also Sheunderstands the needs ofcustomers,shareholders, employees andexternal groups.


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Contd

After the finalization of successor Astaremployers should concentrate on newstrategy and issue related to untamed

colour. which has provoked the accuracyof labelling, and a few consumer groupshad questioned the company's disposal

of certain manufacturing waste.


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Example:

Tata group has done their successionplanning to restore the faith of its investorand employees

Steve Jobs took some time off theorganisation due to ill health. This alonewas of great concern to investors, perhapsbecause they could not trust anyone else

to run the organisation.This shows the dangers of placing toomuch emphasis on one individual....

Hrm Case Ppt Final

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