Ora Partners Case Study: CEO Recruitment and Succession Planning

Ora Partners is a Cook Islands based firm providing fiduciary and wealth management services, supporting high-net-worth clients with asset protection and cross-border solutions.

Problem

At a pivotal stage in their journey, Ora Partners faced a significant leadership transition as their Founder and CEO prepared to step away from the day-to-day running of the business. To navigate this change and continue their growth in the Cook Islands, they needed to recruit a new CEO with cross-cultural experience and the capability to succeed in a founder-led organisation.

Solution

Sprout collaborated closely with Ora Partners' Founder and Board to design and scope the CEO role. We developed a comprehensive role profile, conducted talent mapping, assisted with salary benchmarking, and created a Long-Term Incentive Plan. Additionally, we crafted a success plan to facilitate the transition, ensuring both the founder and new CEO understood each other's expectations and were set up for future success.

Impact

Ora Partners now possesses a clear succession plan, defined KPIs, and structured 90-day and 12-month plans for their incoming CEO. This strategic approach has fostered mutual understanding between the founder and new leader, paving the way for continued growth and stability in the organisation.