I met Dirk Tesche in a Holiday Inn Hotel Bar next to my office in Frankfurt, Germany. Straight away the first look at him told me, this man is different - light leather bag under his coat, a black hat on his head and a welcoming smile on his face – a look you don’t see often in Germany.
I think first of all I should introduce Dirk to you, as you might wonder, what kind of special person he seems to be. So here we go: Dirk has more than 40 years of professional experience, the last 15 years working as an Interim Manager for different international companies, driving change through Mergers & Acquisitions as well as insolvency proceedings with continuance. One of the companies he worked for as Interim Manager was Philipp Holzmann AG. It was the 2002 insolvency of Germanys former largest and one of the world’s biggest construction companies. Through the insolvency process Dirks tasks included among others the structuralizing of Philipp Holzmanns’ 320 international subsidiaries and associated companies. The winding-up embraces till today nearly 60 kilometer (or 37,3 miles) of records – and as far as is known, the process is still not finished.
Let’s come to the interview and enjoyable midmorning I had with Dirk:
Through the last 15 years, Dirk was involved in all different kind of changing processes. Asking him in what kind of roles he drove those changes, his answer came immediately:
Dirk Tesche: “I am always the Implementer unfortunately seen as the Invader and the first thing I have to do is to put up an umbrella to save the employees from fear. Afterwards the most important things I do are within the nonverbal area. Today you would say that I use my Soft-skills.” With a smile he added: “To be honest, I’d rather call them Fluid-skills. I am able to obtain more information within one week, then anybody from the company itself. And you know why? Because – nobody – ever – takes – the – time – to – talk – with – the – staff ! What is natural for us, most controller or financiers have never done before - talking to their
people. And that’s what I do. I talk to them. I encourage them to get a chance to be part of solutions, to tell me what is happening in the company, I offer an open ear to them and for their anxieties. You know, my ears are my most important tools and I try to walk through a company twice a day, if possible. Because I am like a sponge, I need to absorb as much information as possible. Otherwise I couldn’t follow my own understanding of leadership: Leading means to encourage employees to act by their own choice and for their own good.”
In Dirks eyes it is self-evident to talk with the General Manager or CEO (if they are still there) and to the shareholders, but the second hierarchical level is one of his most important “partners”, as those people provide the base for operations. And Dirk would never forget the people working at the machines or the nice men and women from the front desk. “Because they know the daily business, they know the grapevine.” And you should never underestimate the grapevine.
As a company, thinking about hiring an Interim Manager for situations like change, you might wonder for how long such a manager is needed. Dirk explained the following:
Dirk Tesche: “Of course there is no fix statement I can give you, but in many cases it takes something around nine months.” He made a pensive face and added: “But the magic number is three, not nine. Because within three seconds I need to get the sympathy of the others. Within three minutes I need to figure out if the sympathy is entitled and within the first three days, I need to know where the skeletons in the closet are and I have to find solutions about how to get rid of them within three weeks. Then we have three months to eliminate all skeletons and the hard work is done. Ok, now you might wonder, why do I stay for another five months or more. And here you find a stumbling block, most companies can’t handle. Yes, the business is getting better and they believe everything will come out fine. But that is wrong. For the next months I exchange the shovel for tweezers. Because now it’s the time to talk to employees again, to convince them again and again. People don’t change within two or three months. It takes time. And this time the company should invest to get the highest probability of success for the whole change process.”
Asking Dirk what his most surprising change situation had been, where he was asked to help the company: he said:
Dirk Tesche: “I was called for a change process, where a foreign company bought a French enterprise in summer and was extremely surprised that it is nearly impossible to make business in France during August (you need to know, that nearly everybody is on vacation in August, so most production companies are not producing anything). And on top, the production costs of the new company where way too high. So here several problems occurred just because somebody did not analyze or plan detailed enough, what would have been extremely necessary.”
Let’s get the focus to the talent of companies, that you should not lose, when you are in a difficult situation, and it doesn’t matter, if we look for example on the acquiring or the acquired side. As an interviewer it is always interesting to get deep insights in such processes and I really wanted to know, what companies do, to retain their talent. But the answer was honestly shocking: “Unfortunately often nothing.”
After this answer I needed to recollect myself. Imagine you are a company. You are going to merge with another company. You do this, because you see not only financial benefits, but technical process and innovation. How successful would such a merge be, when the partner company loses its talent?? And maybe you lose great talent from your company as well. It would be a catastrophe! So why on earth would you not try to retain your and the other companies’ talent? Dirk answer’s:
Dirk Tesche: “Most of the “important” managers and executives are from finance or controlling. Most of them miss the importance of the whole aspect of empathy and even more dangerous how important employees are for the success of an enterprise. You can’t measure everything in numbers, not when people are involved.”
So what do the people need in order to not leave their company? How do you try to retain the important talent?
Dirk Tesche: “Most employees want to feel acceptance, appreciation and praise for their good work. The last thing they want or need in most cases is more money. Today’s work is not only about money. It’s about a right work-life-balance, reputation, authenticity and the knowledge, that somebody is listening . And here you see the benefit of hiring an Interim Manager. As an Interim Manager you must be able to juggle between managing, sales, psychology or your role as pastor. . Most companies think in Excel and results. But Change Management is a People Business. Excel can’t help you here.”
And with these wise words my interview with Dirk Tesche ended.
Thank you Dirk for giving me this fascinating insight of your work and the two hours, I really enjoyed while talking with you!
The SpenglerFox Group is delighted to announce the appointment of Filip Lerno as Non-Executive Chairman, effective 1st February 2020. Filip brings over 20 years of experience within the Premier Search sector. He has worked as a Senior Executive at both Spencer Stuart and Heidrick & Struggles, specializing in the Private Equity and Industrial Practices where he successfully conducted a multitude of senior searches across EMEA. Born in Ghent, Belgium, Filip graduated in Law, Applied Economics as well as Port and Maritime Sciences from Ghent University. He studied for his post graduate MBA at the Vlerick School of Management. He is also an Alumni of Insead I.E.P. Program. As Chairman of the SpenglerFox Group Board Filip will work closely with the CEO and the SpenglerFox Group Management Team to support the future strategic direction of the business as the Group grows both organically and through well placed acquisitions. Jens Friedrich, CEO at the SpenglerFox Group said “I am delighted to welcome Filip Lerno onto the Board of the SpenglerFox Group. His experience in the world of Senior Search and Human Capital Solutions will act as an added impetus to our overall business offering to our Clients around the globe. He has a proven track record in connecting the best senior talents with the world's top companies and I am convinced he will be equally successful in helping us at SpenglerFox to implement our strategy and further grow our business. SpenglerFox is a global Executive Search and Human Capital Solutions consultancy with a coverage in 35 countries.
We are delighted to announce the appointment of Marta Skalska, Head of Research. It is with great pleasure that I announce our latest addition to the SpengerFox Group, Marta Skalska, who will assume the role of Head of Research. Marta will be based in Warsaw, one of our firms strategic hub locations and will be responsible for developing cutting edge and best practice research capabilities within the SpenglerFox Group. She will lead the initiative to ensure consistency in approach and systems usage across the group as we invest in best practice and research trainings, assuring delivery of best in class services. She will work closely with our Senior Management team to advise on recruitment strategy, sourcing tools and continuous improvement initiatives. Marta has over 14 years of experience in recruitment, specialized in automotive, industrial manufacturing, aerospace and defence, oil&gas and temporary assignments, gained from recruitmentcompanies in Poland and the UnitedKingdom. Started her career in temporary recruitment, then moved to sales and business development functions, working as 360 consultant, selling and working as an Account Manager on own projects, large accounts, also leading a team of recruiters. After returning from the UK to Poland she has worked for management consulting company within HR sector, supporting big outplacement project for steelwork factory and state-owned coal minery in Poland. Worked on HR strategy, trainings and workshops, organisational transformation, talent management, market mappings, job evaluation, assessment and development centres, audits, HR functions effectiveness, labour issues, took part in negotiations with trade unions. Last, almost 4,5 years she has spent working at Korn Ferry, where she was supporting executive searches across EMEA (mainly in Scandinavia, Benelux, Switzerland and Balkans) withinindustrialmanufacturing,aerospace, defence and automotivesectors. She has studied Law at Warsaw University. Marta speaks native Polish and fluent English. She livesby the motto ‚Do not overanalyze, lifeis simple.’
The Governance Revolution: What Every Board Member Needs to Know, Now! SpenglerFox CEO, Jens Friedrich, invites Deborah Hicks Midanek to discuss her recently published book 'The Governance Revolution: What Every Board Member Needs to Know, Now!' Deborah is a veteran independent director, a pioneer in the corporate restructuring industry, and a serial entrepreneur. Widely respected for her turnaround skills, she has diagnosed and remedied problems for over 60 corporations and facilitated the growth of nearly 30 other ventures, including her own. Described by the late Fletcher Byrom, CEO of a Fortune 25 company, as a “pure thinker” – quickly gaining a deep understanding of complex problems and demonstrating an extraordinary ability to assimilate information and craft resilient solutions. More_on_Deborah_Hcks_Midnek.pdf Size: 161 KB Deborah_Hicks_Midanek_Slide Deck.pdf Size: 920 KB