This can provide a good leg-up to the board and act as a bridging position for other board roles in future. More often than not HR directors tend to be appointed to a board position based on their remuneration committee (RemCo) experience. RemCo Experience Can Hold The Key To Boardroom Appointments Predictive analytics are crucial to prepare for future challenges. An understanding of human capital analytics and the impact of these on the bottom line is increasingly important to drive business performance. They have to be on top of the numbers and show a good grasp of KPIs and measurable outcomes. Any HRD with an eye on such a role must be able to demonstrate real financial nous. Moreover, while very few HRDs attain FTSE or Fortune-500 CEO positions, there are many good examples of them succeeding in divisional CEO and MD positions or taking on business leadership for a region. In 2014, research by Dave Ulrich, Professor at the University of Michigan’s Ross School of Business, found that executives who had run an HR function at some stage in their career such as General Motors CEO, Mary Barra, and ex-Xerox CEO, Anne Mulcahy had a particularly desirable mix of the technical and people skills effective CEOs need. This article originally appeared in the July edition of The HR Director magazine. Unquestionably, the HR experience is growing more valuable. This elevation of the talent agenda means that the personal traits and leadership styles of the best HR Directors are increasingly converging with those of their CEOs. I intend to do the same at HRD, which has had to face new competitors in recent years." Joncheere expects to stay at least three years to develop a new strategy for HRD.For modern knowledge-based organisations, it is talent and not capital and raw materials that have become the most important asset and the key to competitive advantage. Furthermore, I have developed new strategies on several occasions for companies in markets undergoing transformation. Speaking to the Belgian newspaper, Joncheere addressed the issue of being new to the diamond industry: "I enjoy working for companies situated outside of my comfort zone. With the appointment of a new CEO, discussions regarding the sale of the company have come to a halt, temporarily. Ten years ago, HRD graded about 10% of the world's polished diamonds, but the company has seen its market share diminish in recent years. My experience in various industries, as well as helping to transform those companies to meet changing market conditions, will help me to enable HRD Antwerp to grow and strengthen its market position."Īccording to the Belgian newspaper De Tijd, HRD Antwerp lost 4.3 million euros (US$4.8m) in fiscal year 2018. Joncheere commented, “After six years I was ready for a new challenge. "We needed to find an excellent new CEO to safeguard the future of HRD Antwerp, and are very pleased to have secured the services of Ellen Joncheere."Įllen Joncheere for the past six years was the CEO of the Fremach International Group, a supplier to the automotive industry, and was formerly the CEO of Suez Bellux. "HRD Antwerp has an excellent reputation internationally and its grading certificates are very highly regarded, meeting the highest standards," says Ari Epstein, CEO of HRD's parent enterprise the Antwerp World Diamond Centre (AWDC). The company has undergone significant restructuring in recent years to adapt to the changing market conditions, opening new labs in promising diamond markets such as Turkey, India, Dubai and Hong Kong. HRD Antwerp has been in the business of grading and certifying polished diamonds since 1973, delivering some 130,000 polished-diamond certificates annually. It also offers diamond-related training and education programs, in Belgium and internationally, as well as developing and marketing technological devices such as microscopes, detection and screening equipment. The diamond grading and certification lab HRD Antwerp has appointed a new CEO, Ellen Joncheere.
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