Case Study

Interim Chief Financial Officer

Interim Chief Financial Officer

Labster is an e-learning company that offers virtual laboratory simulations based on mathematical algorithms.

This case study explores the placement of Labster’s Interim Chief Financial Officer.

The brief

Backed by Andreessen Horowitz, Labster are an internationally-focused company dedicated to the development of pioneering online tools for teaching science globally.

Labster’s primary product is an easily scalable online platform for teaching biotechnology that has been demonstrated to improve learning significantly over standard methods as well as substantially reduce costs.

Labster was co-founded in 2011 by Mads Tvillinggaard Bonde and Michael Bodekaer in Copenhagen, Hovedstaden, Denmark.

Renoir were engaged to provide an Interim Chief Financial Officer to cover a leadership skill gap focussing on transformation, global transfer pricing and international expansion collaborating with Renovata’s retained leadership search for a permanent CFO.

The solution

As with all of our projects we approached the assignment with a thorough yet swift methodology.

First, our knowledge of the high growth technology candidate network within the target company landscape was a key starting point. We also mapped out various relevant businesses, focused on post funding transformation and change based across Europe.

We approach the most interesting and qualified candidates who are both tried and tested and available at short notice and from a thoroughly vetted long list of candidates, we interviewed and selected four candidates to have an initial interview with Mark Heinold, Finance Director.

The outcome

The selection process progressed with two candidates at second interview with Roxana Dobrescu, Chief People and Culture Officer followed by a third stage with Michael Bodekaer, their Chief Operating Officer the same week.

The successful candidate was offered and accepted with the whole process from initial brief to offer taking less than six weeks and they joined at the start of their leadership offsite based in Valencia.