Nonexecutive Director for Restructuring and Recovery Oversight
France·Funds & Asset Management·Private equity portfolio companies undergoing recovery· Paris·Posted 11 August 2026
Applications close 18 December 2026
Private equity portfolio companies undergoing recovery
The problem this seat exists to solve
A portfolio company needs independent challenge of an ambitious recovery plan and clearer visibility of execution risk. The director will strengthen board scrutiny of liquidity, management capacity and strategic options while preserving management ownership of the turnaround.
Board mandate
This is a nonexecutive appointment. The director contributes through the chair to collective board decisions and oversight; management retains responsibility for execution.
The scrutiny expected of you
- Challenge cash forecasts, downside scenarios and the assumptions underpinning the recovery investment case.
- Review whether management capacity and incentives support the proposed change programme.
- Scrutinise refinancing, disposals and new capital proposals for execution risk and implications for the business.
- Ensure the board receives evidence of realised benefits and early warning signals rather than optimistic progress narratives.
- Support orderly CEO or CRO succession and maintain constructive challenge between the sponsor and executive team.
First two meetings
First two board meetings: agree a recovery dashboard and identify the highest-risk assumptions needing independent validation.
Six and twelve month reviews
Within six months: complete a structured review of strategic options and the credibility of the operating recovery. Within twelve months: assess realised performance, leadership capability and remaining risks against the board-approved plan.
Suitability for the seat
The role requires substantial executive restructuring experience, strong financial judgement and the ability to operate within collective board decision making.
Additional useful experience includes previous nonexecutive service and experience navigating sponsor, lender and minority investor interests.
Time commitment
An initial three-year appointment is envisaged, with approximately eighteen to twenty-four days annually for meetings, preparation and committee work. Start date, remuneration, travel and on-site attendance will be agreed for the appointment.
Terms
- Where the board sits
- Paris, France
- Applications close
- 18 December 2026
- Appointment
- Board appointment
- Engagement
- An initial three-year appointment is envisaged, with approximately eighteen to twenty-four days annually for meetings, preparation and committee work.
- Cross-border
- International candidatures are accepted.
- Time commitment in this market
- Typically 6–10 board meetings a year plus committee cycles and a strategy seminar; audit committees at CAC 40 issuers meet considerably more often.
Before you apply — France
No nationality or residency test applies to a director of a French société anonyme. The constraint on a French board is its composition arithmetic, not your passport.
- Residency test
- None.
- Nationality test
- None.
- Work authorisation
- A non-executive director attending board meetings requires no work authorisation. An executive seat — directeur général or a directoire seat — held by a non-EU national raises residence-permit questions and should be checked before acceptance.
- Tenure limit once appointed
- Twelve years. Under the AFEP-MEDEF Code a director loses independent status on passing twelve years' service, and the board must state the position each year.
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